Integrated Transport & Real Estate ModelTokyu's vertically integrated model links rail operations, station-area property development and retail, creating recurring fare and rental income streams. This alignment drives stable, cross-segment demand and capture of value created by urban infrastructure over multi-year horizons.
Strong Cash GenerationConsistent operating cash flow and improving free cash flow give Tokyu durable internal funding for capital expenditure, station-area development and debt servicing. Reliable cash generation supports reinvestment and cushions the business against cyclical headwinds in transport and property.
Improving Margins & ProfitabilityRising gross and net margins, together with solid EBIT/EBITDA margins, indicate improved cost control and operational efficiency across transport and property segments. Sustained margin expansion supports long-term cash flow stability and returns on invested capital.