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The profit and loss condition in fiscal 1973 of JNR was as follows: The
operating loss was \461, 600 million and the net loss was \454, 400 million
after the non-operating profi tand loss were taken into consideration. As a
result, the cumulative deficit at the end of fiscal 1973 became \1, 595, 50O
million, representing a further fall in the finance of JNR. If things went on
like this, the management of JNR would be in the face of ruin and become unable
to play its fundamental role in the public transport system. (Table
l-(l)-7)
Under the circumstances, the drastic Program for Rehabilitation of JNR Management
with a ten years'terms starting from fiscal 1973 was formulated. The essential
features of the program were: 1 to ask JNR to increase further its efforts for
rationalization, 2 to expand financial aid consisting mainly of relieving JNR
of the burden of paying interest on its past debt and 3 to nstitute a revision
of fares and fees, taking the price condition into consideration.
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