Tokyo Metro (9023) investor relations material

Executive summary

• Operating revenue rose 2.8% year-over-year to JPY 109.0 billion, driven by higher passenger transportation revenue.

• Operating profit declined 3.9% year-over-year to JPY 27.7 billion due to increased expenses.

• Profit attributable to owners of parent fell 24.7% year-over-year to JPY 16.8 billion, reflecting the absence of a one-time gain from the prior year.

• Comprehensive income decreased 12.5% year-over-year to JPY 16.4 billion.

• Progress toward the full-year forecast is on track, with no change to previously announced guidance.

Financial highlights

• Passenger transportation revenue increased 2.6% year-over-year to JPY 91.0 billion.

• EBITDA was JPY 46.6 billion, down 0.8% year-over-year.

• Operating expenses rose to JPY 81.3 billion from JPY 77.2 billion year-over-year, mainly due to higher repair, outsourcing, and electricity costs.

• Ordinary profit decreased 4.9% year-over-year to JPY 24.7 billion.

• Basic earnings per share for the quarter were JPY 28.96, down from JPY 38.41 a year earlier.

Outlook and guidance

• Full-year operating revenue forecast is JPY 437.2 billion (+3.5% year-over-year), with passenger transportation revenue expected at JPY 365.0 billion (+4.1% year-over-year).

• Operating profit is forecast to decrease 9.1% year-over-year to JPY 81.4 billion, reflecting higher planned repair and renewal expenses.

• Profit attributable to owners of parent is forecast at JPY 50.0 billion (-15.3% year-over-year).

• Dividend forecast maintained at JPY 44 per share for the full year.

• No change to the full-year forecast announced in April 2026.