OBS_VALUE: <ul><li><a href=https://elaws.e-gov.go.jp/search/elawsSearch/elaws_search/lsg0500/detail?lawId=361AC0000000092 target=_blank>Railway Business Act(鉄道事業法, Law No.92 of December 4, 1986, last amended on January 1, 2021 (Law No. 9 of 2021) article 3, 5)</a></li><li><a href=https://www.mlit.go.jp/onestop/061/images/061-012.pdf target=_blank>Guide for Railroad Business Licensing(手続案内  鉄道事業の許可, guideline for Permission for Railway Business from MLIT, as of Aug 2022 )</a></li></ul>