Tokyo Metro Co Ltd logo

Tokyo Metro Co Ltd

9023.T

JPXIndustrialsRailroads

Latest quote

¥1,478.5

−¥1.50 · -0.10%

Aug 24, 3:30 PM JST

9023.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Tokyo Metro Co., Ltd. engages in the operation and management of railways in Japan. It provides railway passenger transportation services. The company also manages shops at stations and other commercial facilities; develops and rents office buildings and hotels; and provides advertising and IT services, such as advertisements in stations, premises and trains, and an information and communications business that handles licensing of mobile phone communication services, as well as leasing optical fiber cable, etc. The company was formerly known as Teito Rapid Transit Authority and changed its name to Tokyo Metro Co., Ltd. in 2004. The company was founded in 1920 and is based in Tokyo, Japan.

Industry
Railroads
Sector
Industrials
Headquarters
JP
CEO
Akihiro Kosaka
Listed since
Oct 23, 2024
Employees
11,441

Market position

Day range

Current ¥1,478.5

52-week range

Current ¥1,478.5

Open
¥1,480
Previous close
¥1,480
Volume
1.24M
0.49× average
Average volume
2.53M
Average daily volume
Market cap
858.41B JPY
Beta
-0.07
Market reference 1
50-day average
¥1,433.21
+3.16% above average
200-day average
¥1,555.4
-4.94% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.96T JPY
P/E (TTM)
16.04×
P/B (TTM)
1.16×
P/S (TTM)
2.02×
EV / EBITDA
11.41×
Earnings yield
6.28%
Free cash flow yield
4.47%
Dividend yield
2.84%

Profitability & efficiency

Gross margin
34.03%
Operating margin
20.80%
Net margin
12.58%
Return on equity
8.03%
Return on assets
2.88%
Return on invested capital
3.24%

Financial health

Debt / equity
1.49×
Current ratio
1.66×
Altman Z-score
1.26
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends38%23%7%-8%Gross margin, FY2021: 9.48%Gross margin, FY2022: 20.49%Gross margin, FY2023: 30.82%Gross margin, FY2024: 32.90%Gross margin, FY2025: 34.30%Operating margin, FY2021: -3.95%Operating margin, FY2022: 8.04%Operating margin, FY2023: 19.62%Operating margin, FY2024: 21.32%Operating margin, FY2025: 21.21%Net margin, FY2021: -4.37%Net margin, FY2022: 8.04%Net margin, FY2023: 11.88%Net margin, FY2024: 13.18%Net margin, FY2025: 13.97%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 9.48%. Gross margin FY2022 20.49%. Gross margin FY2023 30.82%. Gross margin FY2024 32.90%. Gross margin FY2025 34.30%. Operating margin FY2021 -3.95%. Operating margin FY2022 8.04%. Operating margin FY2023 19.62%. Operating margin FY2024 21.32%. Operating margin FY2025 21.21%. Net margin FY2021 -4.37%. Net margin FY2022 8.04%. Net margin FY2023 11.88%. Net margin FY2024 13.18%. Net margin FY2025 13.97%.

Income trends

Revenue

422.41B JPY+3.58%

Operating income

89.59B JPY+3.04%

Net income

59.02B JPY+9.80%
Income trends across reported periods466B JPY291.67B JPY117.35B JPY−56.98B JPYRevenue, FY2021: 306.9B JPYRevenue, FY2022: 345.37B JPYRevenue, FY2023: 389.27B JPYRevenue, FY2024: 407.83B JPYRevenue, FY2025: 422.41B JPYOperating income, FY2021: −12.12B JPYOperating income, FY2022: 27.78B JPYOperating income, FY2023: 76.36B JPYOperating income, FY2024: 86.94B JPYOperating income, FY2025: 89.59B JPYNet income, FY2021: −13.4B JPYNet income, FY2022: 27.77B JPYNet income, FY2023: 46.26B JPYNet income, FY2024: 53.75B JPYNet income, FY2025: 59.02B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 306.9B JPY. Revenue FY2022 345.37B JPY. Revenue FY2023 389.27B JPY. Revenue FY2024 407.83B JPY. Revenue FY2025 422.41B JPY. Operating income FY2021 −12.12B JPY. Operating income FY2022 27.78B JPY. Operating income FY2023 76.36B JPY. Operating income FY2024 86.94B JPY. Operating income FY2025 89.59B JPY. Net income FY2021 −13.4B JPY. Net income FY2022 27.77B JPY. Net income FY2023 46.26B JPY. Net income FY2024 53.75B JPY. Net income FY2025 59.02B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue422.41B JPY407.83B JPY389.27B JPY345.37B JPY306.9B JPY
Cost of goods sold277.53B JPY273.65B JPY269.29B JPY274.62B JPY277.8B JPY
Gross profit144.88B JPY134.18B JPY119.98B JPY70.75B JPY29.11B JPY
Selling, general, and administrative55.29B JPY31.51B JPY28.56B JPY28.69B JPY27.81B JPY
Operating expenses55.29B JPY47.24B JPY43.62B JPY42.97B JPY41.23B JPY
Interest income196M JPY
Interest expense12.06B JPY11.87B JPY12.34B JPY10.22B JPY10.05B JPY
Depreciation and amortization73.92B JPY72.1B JPY73.75B JPY70.38B JPY88.22B JPY
Operating income89.59B JPY86.94B JPY76.36B JPY27.78B JPY−12.12B JPY
Net income59.02B JPY53.75B JPY46.26B JPY27.77B JPY−13.4B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
56%
5 beats, 4 misses, 0 met estimates
Average EPS surprise
+13.25%
9 comparable reports
Latest EPS result
28.95
Estimate 33.33 · Miss by 13.14%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates40.9629.1517.355.54Q4 '24MissQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26Miss
Q4 2024, reported Nov 7, 2024: actual 21.73, estimate 21.75, surprise -0.09%, Miss. Q1 2025, reported Feb 6, 2025: actual 19.4, estimate 26.52, surprise -26.85%, Miss. Q2 2025, reported Apr 28, 2025: actual 20.27, estimate 18.66, surprise +8.63%, Beat. Q3 2025, reported Jul 31, 2025: actual 38.41, estimate 37.82, surprise +1.56%, Beat. Q4 2025, reported Oct 31, 2025: actual 21.71, estimate 23.37, surprise -7.10%, Miss. Q1 2026, reported Jan 30, 2026: actual 28.34, estimate 25.47, surprise +11.27%, Beat. Q2 2026, reported Apr 28, 2026: actual 13.17, estimate 6.52, surprise +101.99%, Beat. Q3 2026, reported Jul 31, 2026: actual 28.95, estimate 33.33, surprise -13.14%, Miss.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates113.69B107.81B101.92B96.04BQ4 '24BeatQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26Miss
Q4 2024, reported Nov 7, 2024: actual 100.42B JPY, estimate 100.41B JPY, surprise +0.01%, Beat. Q1 2025, reported Feb 6, 2025: actual 103.74B JPY, estimate 103.96B JPY, surprise -0.21%, Miss. Q2 2025, reported Apr 28, 2025: actual 101.73B JPY, estimate 101.32B JPY, surprise +0.40%, Beat. Q3 2025, reported Jul 31, 2025: actual 106.1B JPY, estimate 106.44B JPY, surprise -0.32%, Miss. Q4 2025, reported Oct 31, 2025: actual 104.38B JPY, estimate 104.41B JPY, surprise -0.03%, Miss. Q1 2026, reported Jan 30, 2026: actual 106.33B JPY, estimate 107.11B JPY, surprise -0.73%, Miss. Q2 2026, reported Apr 28, 2026: actual 105.61B JPY, estimate 105.79B JPY, surprise -0.17%, Miss. Q3 2026, reported Jul 31, 2026: actual 109.05B JPY, estimate 109.32B JPY, surprise -0.25%, Miss.

Corporate actions

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥22.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥22.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥21.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Sep 29, 2025

¥21.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 9, 2025

Dividend

Ex-dividend Mar 28, 2025

¥40.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 26, 2025

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