What is the annual revenue of the Shinkansen?

The Shinkansen is a world leader in train frequency and capacity. It offers a broad range of benefits, not only to the users but also to local regions and economies. The Shinkansen carries as many as 315 million passengers and its operating revenue is 19 billion dollars a year.



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In the fiscal year 2022, East Japan Railways (JR East) Company's Shinkansen high-speed railway trains generated approximately 422 billion Japanese yen of passenger revenue, increasing from around 258 billion yen in the preceding year.

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Since launching in 1964, the bullet trains have proved to be remarkably safe, resilient and lucrative: Not only do many of the lines turn a healthy profit, but Shinkansen technology, including the software that supports the trains' famous punctuality, is a valuable Japanese export.

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In the fiscal year 2021, Central Japan Railway Company (JR Central) earned around 589.8 billion Japanese yen of revenues from its high-speed railway Shinkansen, increasing from roughly 417.3 trillion in the preceding year.

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Including service to San Francisco, San Jose and Los Angeles, the California High-Speed Rail Authority estimates that 50 million riders will use the system annually, generating about $3.4 billion of fare revenue.

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He said there are only a few examples of high-speed rail networks that turn a profit, due to a rare combination of passenger numbers and distance. For example, most of the companies that run Japan's Shinkansen or bullet train lines operate at a profit, as do some fast trains on France's state-owned SNCF network.

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It was originally built and operated by the government-owned Japanese National Railways and has been part of the private Japan Railways Group since 1987. The first section of the original line, a 320-mile (515-km) stretch between Tokyo and Osaka, was opened in 1964.

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In 2016 it was revealed, that last year the Beijing–Shanghai High-Speed Railway Company (BSHSRC) has total assets of ¥181.54 billion ($28 billion), revenue ¥23.42 billion ($3.6 billion) and a net profit ¥6.58 billion (US$1 billion), thus being labeled as the most profitable railway line in the world.

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Shinkansen trains have been operating in Japan for more than 50 years. They are entirely electric and emit just 1/8th of the carbon per passenger mile as a typical commercial jet.

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Instead, what makes the Shinkansen (and any Ltd. Express train) more expensive then regular trains is a hefty standard surcharge: the supplementary special-express ticket, which covers the premium experience of traveling on the nice fast trains. And yes, you have to pay it even if you have to stand.

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In the fiscal year 2021, Central Japan Railway Company (JR Central) carried around 84 million passengers on its high-speed Shinkansen trains, increasing from 64 million in the preceding year. Per day, the Tokaido Shinkansen transported approximately 229 thousand passengers.

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For regular fares, it isn't. A regular fare one way ticket on ANA for example between Tokyo and Osaka is about 25,000 yen. A regular shinkansen ticket is about 13,620 yen (adult, unreserved seat). That makes the shinkansen close to half price - a long ways from what you think.

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Future of the shinkansen Several new shinkansen routes are currently being built: Hokkaido Shinkansen: extension from Hakodate via Niseko and Otaru to Sapporo sometime after 2031. Hokuriku Shinkansen: extension from Kanazawa to Tsuruga in spring 2024 and via Obama and Kyoto to Osaka in the 2040s at the earliest.

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Note that for the Shinkansen, you need a “super (limited) express” ticket in addition to the basic fare ticket for that route (we sell these as a set). Do Shinkansen tickets sell out? Yes, especially for weekend travel and during peak seasons, Shinkansen services can be fully booked.

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According to the latest data, as of the first half of 2022, the total liabilities of China National Railway Group totaled 6 trillion yuan, and in the first half of 2022 alone, it has lost 80.4 billion yuan, with an average loss of 400 million yuan per day.

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From a financial standpoint, only two HSR lines in the world are profitable: Paris-Lyon in France and Tokyo-Osaka in Japan. A third line, Hakata-Osaka in Japan, breaks even. The majority of high-speed rail lines require large government subsidies from both general taxpayers and drivers.

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