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Japanese railways don’t just run trains. They actually build cities and act as urban developers to capture the demand from transit. ~50% of …
Japanese railways don’t just run trains. They actually build cities and act as urban developers to capture the demand from transit. ~50% of revenue comes from owning the land around stations. Buy land
Japanese railways don’t just run trains. They actually build cities and act as urban developers to capture the demand from transit. ~50% of revenue comes from owning the land around stations. Buy land → build the train station → develop the area → capture the upside. Brilliant business model. Japan has the world’s best railway system. 28% of Japanese passenger-kilometers are by rail. Germany manages 6.4%, and the USA manages 0.25%. Just one Japanese company, JR East, carries more passengers than China’s entire railway system, and four times as many than Britain’s. Wha…
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Source: Yohei Nakajima (X) | 2026-04-08