Meanwhile, even though Nippon Railway had received a careful protection from the government, the boom to build private railways started across Japan when Nippon Railway announced its positive financial statements.
一方で、政府の手厚い保護を受けていたとはいえ、日本鉄道が好調な決算を発表すると、各地で私設鉄道設立ブームが起こった。