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The story
When Japanese National Railways was divided in 1987, Kyushu Railway Company inherited its assets and operations on the island of Kyushu along with losses of around 28.8 billion yen, exacerbated by a growing highway network in Kyushu and many lightly used rural lines. After privatization, JR Kyushu diversified its business into new ventures such as fish and mushroom farming and car sales. Two of its more successful side ventures were the Beetle ferry, started in 1991, and the Train d'or bakery chain, started in 1992. JR Kyushu also built up its premium rail services through the development of the Kyushu Shinkansen high-speed rail line and the Seven Stars in Kyushu luxury excursion train.
The company introduced SUGOCA, a smart card ticketing system, from 1 March 2009.
JR Kyushu executed its initial public offering in October 2016. Non-railway operations account for roughly 60% of the company's sales and most of its profits.
From Wikipedia’s article on Kyushu Railway Company, shared under CC BY-SA 4.0.4