Tokyo Metro Co Ltd (JP:9023)
:9023
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Tokyo Metro Co Ltd
(9023)
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Rating:62Neutral
Price Target:
¥1,729.00
▲(6.33% Upside)
Action:N/ADate:03/18/26
The score is driven primarily by improved profitability and margins, tempered by weak free-cash-flow conversion and meaningful leverage. Technical indicators show subdued near-term momentum, while valuation is supportive with a moderate P/E and solid dividend yield.
Positive Factors
Revenue Recovery
A sustained multi-year revenue rebound to 407.8B reflects recovered ridership and station monetization, indicating structural normalization of core demand. Stable top-line recovery supports predictable fare income and station retail cash flows, underpinning medium-term revenue visibility.
Negative Factors
Weak Free Cash Flow
Very low FCF relative to reported earnings indicates heavy reinvestment, capex timing, or working-capital strain that limits discretionary cash. Persistent volatility reduces ability to deleverage, invest in growth initiatives, or absorb shocks, weakening financial flexibility over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery
A sustained multi-year revenue rebound to 407.8B reflects recovered ridership and station monetization, indicating structural normalization of core demand. Stable top-line recovery supports predictable fare income and station retail cash flows, underpinning medium-term revenue visibility.
Read all positive factors
Tokyo Metro Co Ltd (9023) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥950.23B
Dividend YieldN/A
Average Volume (3M)2.41M
Price to Earnings (P/E)14.1
Beta (1Y)0.16
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees11,328
SectorIndustrials
Sector Strength72
IndustryGeneral Transportation
Share Statistics
EPS (TTM)28.34
Shares Outstanding581,000,000
10 Day Avg. Volume2,866,860
30 Day Avg. Volume2,413,900
Financial Highlights & Ratios
PEG Ratio1.21
Price to Book (P/B)1.47
Price to Sales (P/S)2.59
P/FCF Ratio139.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)101.35
Revenue Forecast (FY)¥434.74B
Tokyo Metro Co Ltd Business Overview & Revenue Model
Company Description
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 buildi...
How the Company Makes Money
Tokyo Metro primarily makes money by providing passenger transportation services on its subway lines and collecting fare revenue (including commuter passes and other ticket products). In addition to fares, it generates revenue by monetizing high-t...
Tokyo Metro Co Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
60
Neutral
Cash Flow
52
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 407.83B | 389.27B | 345.37B | 306.90B | 295.73B |
| Gross Profit | 134.18B | 119.98B | 70.75B | 29.11B | 687.00M |
| EBITDA | 159.04B | 150.11B | 98.16B | 76.10B | 46.48B |
| Net Income | 53.75B | 46.26B | 27.77B | -13.40B | -52.93B |
Balance Sheet | |||||
| Total Assets | 2.04T | 2.03T | 2.01T | 1.82T | 1.77T |
| Cash, Cash Equivalents and Short-Term Investments | 259.66B | 281.27B | 281.10B | 111.66B | 70.82B |
| Total Debt | 1.09T | 1.12T | 1.14T | 972.21B | 904.93B |
| Total Liabilities | 1.32T | 1.36T | 1.38T | 1.20T | 1.13T |
| Stockholders Equity | 716.53B | 668.39B | 633.34B | 618.36B | 644.41B |
Cash Flow | |||||
| Free Cash Flow | 7.56B | 30.93B | 6.46B | -20.74B | -128.24B |
| Operating Cash Flow | 123.54B | 135.07B | 88.18B | 83.30B | 11.62B |
| Investing Cash Flow | -89.50B | -100.23B | -77.55B | -99.50B | -137.83B |
| Financing Cash Flow | -50.94B | -33.15B | 158.81B | 57.05B | 131.49B |
Tokyo Metro Co Ltd Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥627.58B | 8.33 | 13.92% | 1.50% | 6.30% | -16.29% | |
71 Outperform | ¥480.63B | 10.33 | 9.06% | 2.62% | 6.97% | 8.61% | |
67 Neutral | ¥1.11T | 22.55 | ― | 1.05% | 85.03% | 198.15% | |
65 Neutral | ¥622.61B | 12.46 | 8.51% | 2.96% | -2.82% | -50.73% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥950.23B | 14.06 | ― | ― | ― | ― | |
62 Neutral | ¥583.51B | 5.46 | 9.94% | 2.49% | 1.72% | 10.19% |
* Industrials Sector Average
JP:9023
Tokyo Metro Co Ltd
1,635.50
-241.60
-12.87%
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Tokyo Metro Co Ltd Corporate Events
Tokyo Metro Releases FY2026 Third-Quarter Financial Presentation and Updated Segment Data
Jan 30, 2026
Tokyo Metro Co., Ltd. released its presentation materials for the third-quarter financial results for the fiscal year ending March 2026, covering the nine months from April to December. The disclosure clarifies its fiscal-year notation, explains t...
Tokyo Metro Lifts Nine-Month Profit and Confirms Guidance as Dividend Rises
Jan 30, 2026
Tokyo Metro reported a 3.5% year-on-year increase in operating revenue to ¥316.8 billion for the nine months ended December 31, 2025, while operating and ordinary profit declined slightly, but profit attributable to owners of parent jumped 22...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.