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Article: JAPAN'S KEIO ELECTRIC RAILWAY TO EXPAND HOTEL, RESTAURANT BUSINESS.
- Article from:
- AsiaPulse News
- Article date:
- May 2, 2003
CopyrightCOPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, May 2 Asia Pulse - As part of its three-year group business plan through fiscal 2005, Keio Electric Railway Co. (TSE:9008) announced that it will expand its retail service business, such as restaurant operations.
The company aims to cultivate this business into its second pillar after its railway operations.
Keio Electric Railway operates the business through subsidiaries.
As part of the effort to expand the business, however, it aims to better centralize management.
Over the three-year period of the new plan, the company will raise capital spending to 146 ...