Tokyo Metro Co Ltd · TSE:9023
Tokyo Metro — H1 FY2027/3 Earnings Presentation
73 slides from Tokyo Metro's earnings presentation, Oct 30, 2026
Slide 1: Presentation Materials for FY2027/3 First Half Financial Results
Presentation Materials for FY2027/3 First Half (April–September 2026) Financial Results October 30, 2026 Tokyo Metro Co., Ltd. Securities code: 9023 https://www.tokyometro.jp/lang_en/corporate/ir/index.html
Slide 2: Contents and notes on presentation
FY2027/3 First Half Financial Results P2 Future Key Strategies P25 Appendix P53 • Amounts presented in this material are generally rounded down to the nearest applicable display unit. However, for certain items in the earnings forecast, amounts are rounded down to the nearest JPY 100 million. Accord
Slide 3: Key Points of FY2027/3 First Half Financial Results
Key Points of FY2027/3 First Half Financial Results - Operating revenue increased 3.2% YoY to JPY 217.2 billion, mainly due to an increase in passenger transportation revenue. - Operating expenses increased 4.7% YoY to JPY 168.0 billion, mainly due to increases in overhead costs and personnel expens
Slide 4: Changes in Consolidated Operating Profit
FY2027/3 First Half Financial Results Changes in Consolidated Operating Profit - Operating revenue increased by JPY 6.7 billion YoY, mainly due to an increase in passenger transportation revenue. - Operating expenses increased by JPY 7.5 billion, mainly due to increases in overhead costs and personn
Slide 5: Forecast for FY2027/3 Changes in Consolidated Operating Profit
Financial Results Forecast for FY2027/3 Changes in Consolidated Operating Profit (Announced on April 28, 2026) - Operating revenue is forecast to increase by JPY 14.7 billion YoY, mainly due to an increase in passenger transportation revenue. - Operating expenses are forecast to increase by JPY 22.8
Slide 6: Progress in FY2027/3 First Half Results
Progress in FY2027/3 First Half Results - Other revenue in the Transportation Business and operating revenue from the Consumer and Corporate Services Business exceeded our expectations, while passenger transportation revenue fell below our expectations due to factors including a decline in visitors
Slide 7: Transportation Business
Transportation Business - Operating revenue increased 2.3% YoY to JPY 197.4 billion, mainly due to an increase in passenger transportation revenue. - Operating expenses increased 4.3% YoY to JPY 156.7 billion, mainly due to increases in overhead costs and personnel expenses, resulting in a 4.8% decr
Slide 8: Transportation Business: Monthly Passenger Transportation Revenue
Transportation Business Monthly Passenger Transportation Revenue (JPY mm) Commuter Non-commuter Total Forecast Results YoY % Results YoY % Results YoY % Amount YoY % ’26/4 11,583 +3.2% 18,935 +2.3% 30,519 +2.6% - - ’26/5 11,851 +2.8% 18,739 +3.2% 30,591 +3.1% - - ’26/6 11,864 +3.1% 18,063 +1.4% 29,9
Slide 9: Ticket Gate Entries and Exits by Station
Transportation Business Ticket Gate Entries and Exits by Station from April to September 2026 (YoY) - Ticket gate entries and exits increased 2.4% YoY on weekdays and 2.0% on weekends and holidays. - By area, growth outside the five central wards of Tokyo exceeded that within the five central wards
Slide 10: Ticket Gate Entries and Exits by Time Slot
Transportation Business Ticket Gate Entries and Exits from April to September 2026 (Counts by Time Slot, vs FY2026/3 and vs FY2019/3) Weekdays Weekends/Holidays 10
Slide 11: Real Estate Business
Real Estate Business - Operating revenue increased 5.5% YoY to JPY 7.5 billion, and operating profit increased 6.7% YoY to JPY 2.9 billion, mainly due to increased rental income from acquired and newly opened properties, including Metro City Kanda-awajicho and Asakusa Square. (JPY mm) '25/4 - '25/9
Slide 12: Consumer and Corporate Services Business
Consumer and Corporate Services Business - Consumer service business: Operating revenue increased 1.9% YoY to JPY 7.6 billion and operating profit increased 12.8% YoY to JPY 2.0 billion*, mainly due to higher rental income from existing stores and increased sales resulting from the opening of LifeFi
Slide 13: Consolidated Statements of Income
FY2027/3 First Half Financial Results Consolidated Statements of Income (JPY mm) '25/4 - '25/9 '26/4 - '26/9 Change Results Results Amount % Main factors behind changes A B B-A (B-A)/A Operating revenue 210,477 217,263 +6,785 +3.2% Transportation Business 192,963 197,438 +4,474 +2.3% Commuter +1,993
Slide 14: Consolidated Statements of Income (Quarterly Summary)
FY2027/3 First Half Financial Results Consolidated Statements of Income (Quarterly Summary) (JPY mm) FY2026/3 FY2027/3 Change (1Q) Change (2Q) '25/4 - '25/6 '25/7 - '25/9 '25/10 - '25/12 '26/1 - '26/3 '26/4 - '26/6 '26/7 - '26/9 Amount % Amount % A B C D E F E-A (E-A)/A F-B (F-B)/B Operating revenue
Slide 15: Consolidated Balance Sheets and Interest-bearing Debt
FY2027/3 First Half Financial Results Consolidated Balance Sheets and Consolidated Interest-bearing Debt Consolidated Balance Sheets (JPY mm) As of '26/3 As of '26/9 Change Results Results Amount % Main factors behind changes A B B-A (B-A)/A Total assets 2,047,168 2,064,929 +17,760 +0.9% Current ass
Slide 16: Consolidated Statements of Cash Flows
FY2027/3 First Half Financial Results Consolidated Statements of Cash Flows (JPY mm) '25.4-'25.9 '26.4-'26.9 Change Results Results Amount % A B B-A (B-A)/A Cash flows from operating activities 61,053 57,717 (3,336) (5.5%) Cash flows from investing activities (51,054) (49,579) +1,474 - Cash flows fr
Slide 17: Non-Consolidated Capital Investment
FY2027/3 First Half Financial Results Non-Consolidated Capital Investment (JPY mm) '25/4 - '25/9 '26/4 - '26/9 Main contents Results Results Railway Business 24,054 16,011 Major refurbishment of rolling stock Safety measures 4,961 5,609 *1 CBTC Train upgrades and increases 4,995 - Barrier-free facil
Slide 18: Non-Consolidated Statements of Income
FY2027/3 First Half Financial Results Non-Consolidated Statements of Income (JPY mm) '25/4 - '25/9 '26/4 - '26/9 Change Results Results Amount % Main factors behind changes A B B-A (B-A)/A Transportation Business Operating revenue 191,392 195,657 +4,265 +2.2% Commuter +1,993 (Passenger transportatio
Slide 19: Non-Consolidated Statements of Income (Quarterly Summary)
FY2027/3 First Half Financial Results Non-Consolidated Statements of Income (Quarterly Summary) (JPY mm) FY2026/3 FY2027/3 Change (1Q) Change (2Q) '25/4 - '25/6 '25/7 - '25/9 '25/10 - '25/12 '26/1 - '26/3 '26/4 - '26/6 '26/7 - '26/9 Amount % Amount % A B C D E F E-A (E-A)/A F-B (F-B)/B Transportatio
Slide 20: Non-Consolidated Balance Sheets
FY2027/3 First Half Financial Results Non-Consolidated Balance Sheets (JPY mm) As of '26/3 As of '26/9 Change Results Results Amount % Main factors behind changes A B B-A (B-A)/A Total assets 2,021,071 2,037,828 +16,756 +0.8% Current assets 308,229 336,098 +27,869 +9.0% Increase in real estate for s
Slide 21: FY2027/3 Financial Results Forecast Highlights
FY2027/3 Financial Results Forecast Highlights (Announced on April 28, 2026) - Operating revenue is forecast at JPY 437.2 billion (up 3.5% YoY), mainly due to higher passenger transportation revenue driven by increased commuting demand and the solid economy along our lines. Passenger transportation
Slide 22: FY2027/3 Financial Results Forecast
FY2027/3 Financial Results Forecast (Announced on April 28, 2026) (JPY mm) '25/4 - '26/3 '26/4 - '27/3 Change Results Forecast Amount % Main factors behind changes A B B-A (B-A)/A Operating revenue 422,414 437,200 +14,785 +3.5% Transportation Business 386,618 398,300 +11,681 +3.0% Commuter +4,194 (P
Slide 23: FY2027/3 Non-Consolidated Financial Results Forecast
FY2027/3 Non-Consolidated Financial Results Forecast (Announced on April 28, 2026) (JPY mm) '25/4 - '26/3 '26/4 - '27/3 Change Results Forecast Amount % Main factors behind changes A B B-A (B-A)/A Transportation Business Operating revenue 382,665 394,500 +11,834 +3.1% Commuter +4,194 (Passenger tran
Slide 24: FY2027/3 Non-Consolidated Capital Investment
FY2027/3 Non-Consolidated Capital Investment (Announced on April 28, 2026) (JPY mm) '26/4 - '27/3 Main contents Plan Railway Business 82,394 Safety measures 29,060 CBTC Major refurbishment of rolling stock Substation equipment renewal Train upgrades and increases 192 Additional train cars (Namboku L
Slide 25: Future Key Strategies
FY2027/3 First Half Financial Results P2 Future Key Strategies P25 Appendix P53 • Amounts presented in this material are generally rounded down to the nearest applicable display unit. However, for certain items in the earnings forecast, amounts are rounded down to the nearest JPY 100 million. Accord
Slide 26: Main Updates to the Future Key Strategies and Appendix Slides (1)
Main Updates to the “Future Key Strategies” and “Appendix” Slides (1) Slide Title Changes • Added initiatives to phase out magnetic tickets through the introduction of QR tickets under “Enhancing the Responding to Changes in the Business 1 P28 Sustainability of the Railway Business.” Environment • A
Slide 27: Main Updates to the Future Key Strategies and Appendix Slides (2)
Main Updates to the “Future Key Strategies” and “Appendix” Slides (2) Slide Title Changes Building a Sustainable Operating Structure 12 P39 • Added “Phasing Out Magnetic Tickets through the Introduction of QR Tickets.” for the Railway Business (2) 13 P39 〃 • Added “Improving Efficiency through the U
Slide 28: Responding to Changes in the Business Environment
Responding to Changes in the Business Environment - The business environment is changing, with rising labor costs and material prices, a declining labor force, and growing public interest in maintaining safety and stability in railway operations. In response, we will address four priorities with urg
Slide 29: Outlook for Operating Revenue in the Railway Business
Outlook for Operating Revenue in the Railway Business - Passenger transportation revenue for FY2027/3 is expected to fall short of the forecast of JPY 365.0 billion due to factors including a decline in visitors from outside the Greater Tokyo Area and weather conditions. We will carefully assess the
Slide 30: Outlook for Operating Expenses in the Railway Business
Outlook for Operating Expenses in the Railway Business - Although there are uncertainties, including the continued high level of electricity costs, railway business operating expenses for FY2027/3 are not expected to deviate significantly from the forecast. - Railway business operating expenses for
Slide 31: Outlook for Railway Overhead (Excluding Electricity Costs)
Outlook for Railway Overhead (Excluding Electricity Costs) - Railway business overhead costs for FY2028/3, excluding electricity costs, are expected to exceed the FY2027/3 forecast level due to the impact of inflation on labor costs and material prices. - In particular, we will continue to maintain
Slide 32: Management Targets
Management Targets - In light of capital efficiency, profitability, and financial soundness, we have established consolidated ROE, consolidated operating profit, consolidated EBITDA, and the consolidated net interest-bearing debt/EBITDA ratio as the management targets under the current Medium-Term M
Slide 33: Shareholder Return Policies
Shareholder Return Policies - Annual dividends of JPY 44 per share are planned for FY2027/3, up JPY 2 YoY. - For FY2028/3, we will continue to target dividend on equity (DOE) of approximately 3.4% and, based on this policy, aim to pay annual dividends of JPY 46 per share, up JPY 2 YoY. Shareholder R
Slide 34: Fare Revision (Revision of the Additional Fare System)
Fare Revision (Revision of the Additional Fare System) - In October 2025, MLIT issued a notice regarding the treatment of additional fares. Under this notice, a new framework was introduced that covers not only new railway line construction but also capacity enhancement of existing lines and major s
Slide 35: Fare Revision (Calculation of Depreciation and Other Expenses)
Fare Revision (Calculation of Depreciation and Other Expenses) Railway Fare and Charge Systems: Revision of the Guidelines for Revenue Cost Calculation Background and Objectives The Guidelines for Revenue Cost Calculation prescribe the method for calculating overall costs, which form the basis for d
Slide 36: Fare Revision (Guidelines for Revenue Cost Calculation)
Fare Revision (Guidelines for Revenue Cost Calculation) Outline of the “Guidelines for Revenue Cost Calculation” Revenue*1 Overall Costs ≧ (upper limit of fares) Operational return*2 Profits Dividends, etc. Increased revenue from revised fares Interest expense capital, etc. Cost of Taxes, depreciati
Slide 37: Demand Stimulation Measures to Expand Passenger Transportation Revenue
Demand Stimulation Measures to Expand Passenger Transportation Revenue - To further increase passenger transportation revenue, particularly non-commuter revenue, we will promote the sale of special tickets and accelerate the development of new products. Strengthening Sales of Special Tickets and Dev
Slide 38: Building a Sustainable Operating Structure for the Railway Business (1)
Building a Sustainable Operating Structure for the Railway Business (1) - To ensure the sustainable operation of the railway business amid a declining working-age population, we aim to establish an operating structure capable of running the railway business with a workforce of 9,000 by around FY2031
Slide 39: Building a Sustainable Operating Structure for the Railway Business (2)
Building a Sustainable Operating Structure for the Railway Business (2) - To ensure the sustainable operation of the railway business amid a declining working-age population, we aim to establish an operating structure capable of running the railway business with a workforce of 9,000 by around FY2031
Slide 40: Yurakucho Line and Namboku Line Extensions
Yurakucho Line and Namboku Line Extensions - We will steadily advance the construction of the Yurakucho Line and Namboku Line extensions toward the goal of opening in the mid-2030s. - Construction of both lines had already commenced in November 2024, and orders for the shield tunneling work are sche
Slide 41: Real Estate Business
Real Estate Business - Through our Real Estate Business, we aim to create a virtuous cycle of “sustained development through urban planning,” “creation of foot traffic,” and “increasing the attractiveness” of Tokyo, thereby contributing to the growth of our railway business. - We will advance initia
Slide 42: Overview of Key Development Projects (1)
Overview of Key Development Projects (1) Shinjuku West Gate Development Project Ginza 2-chome PJ (Three-Company Joint Project “Zone A”) To Asakusa Nearest Station: Ginza-itchome Station Site Area: ~568 square meters Zone A Zone B To Wakoshi Development Plan: Under consideration Joint project by A st
Slide 43: Overview of Key Development Projects (2)
Overview of Key Development Projects (2) Kita Aoyama 3-chome PJ Minami Aoyama 5-chome PJ ▼Sectional rendering of the building To Asakusa 14F 13F To Asakusa 12F 11F 10F 9F 8F Hotel 7F 3F - 14F 6F 5F 4F 3F 2F To Ayase To Ayase 1F Retail stores B1F To Shibuya B2F – 2F To Shibuya B2F Created by processi
Slide 44: Strengthening the Flow-type Business Model
Strengthening the “Flow-type” (Property Recycling) Business Model - Our Real Estate Business is built around a "stock-type" business model centered on recurring rental income, while also strengthening a more asset-efficient "flow-type" (property recycling) business model through property sales, acqu
Slide 45: Consumer and Corporate Services Business (1)
Consumer and Corporate Services Business (1) - Consumer service business: Alongside the renovation of retail spaces beneath the elevated tracks of the Tozai Line, we are expanding services that enhance the daily lives of customers in areas along our railway lines, including the fitness gym business.
Slide 46: Consumer and Corporate Services Business (2)
Consumer and Corporate Services Business (2) - Advertising service business: In addition to expanding the installation of digital signage, we will advance content- related business*1 and other initiatives. - Communication service business: We are introducing fifth-generation mobile communication ser
Slide 47: Action on Cost of Capital and Stock Price: Situation Analysis
Action to Implement Management that is Conscious of Cost of Capital and Stock Price > Situation Analysis - As of March 31, 2026, our price-to-book ratio (PBR) was 1.27x and our price-to-earnings ratio (PER) was 15.9x. - Our ROE temporarily declined due to the COVID-19 pandemic but recovered to 8.1%
Slide 48: Action on Cost of Capital and Stock Price: Direction of Initiatives
Action to Implement Management that is Conscious of Cost of Capital and Stock Price > Direction of Initiatives Priority metrics Target Initiatives *Note:Underlined items have numerical targets set in the Medium-Term Management Plan. ･ Transportation Business Profit growth from new demand generated b
Slide 49: Cash Allocation (FY2026/3 to FY2028/3)
Action to Implement Management that is Conscious of Cost of Capital and Stock Price >Cash Allocation - We plan to carry out JPY 125.0 billion in growth investments over the period of the current Medium-Term Management Plan. These include real estate development that contributes to community developm
Slide 50: Major Equity Investments
Major Equity Investments - Our major equity investments are as follows. - Going forward, we will consider investments and M&A opportunities targeting companies with new technologies that contribute to the railway business, companies that help strengthen construction and maintenance capabilities for
Slide 51: Capital Investment Plan
Capital Investment Plan - We plan to make capital investments of JPY 400.0 billion *1 (JPY 350.0 billion excluding the construction of new railway lines) over the three-year period from FY2026/3 to FY2028/3. Safety improvements 111.0 Consumer and billion yen (including 15.0 Corporate Services billio
Slide 52: Plan Figures by Segment
Plan Figures by Segment - Operating profit in the Transportation Business for FY2028/3 may fall below the FY2027/3 forecast level, considering the outlook for passenger transportation revenue, labor costs and material prices. The outlooks for the Real Estate Business and the Consumer and Corporate S
Slide 53: Appendix
FY2027/3 First Half Financial Results P2 Future Key Strategies P25 Appendix P53 • Amounts presented in this material are generally rounded down to the nearest applicable display unit. However, for certain items in the earnings forecast, amounts are rounded down to the nearest JPY 100 million. Accord
Slide 54: External Environment (1): Nighttime Population
External Environment (1): Nighttime Population - Although Japan’s overall nighttime population*1 is on a declining trend, the nighttime population in Tokyo’s 23 wards—our core business area—is projected to continue growing through 2045. Nighttime Population (Projections with 2020 values set to 100)
Slide 55: External Environment (2): Office Market
External Environment (2): Office Market - The office vacancy rate in the five central wards of Tokyo has been trending downward. The average annual supply of large-scale office buildings in the five central wards of Tokyo is expected to be 750,000 sq meters from 2026 to 2030. *1 Average Office Vacan
Slide 56: External Environment (3): Visitor Arrivals to Japan
External Environment (3): Visitor Arrivals to Japan - The impact of inbound foreign visitors on our passenger transportation revenue is estimated to account for approximately 3% of total passenger transportation revenue in FY2026/3. - Foreign visitor arrivals to Japan decreased by 5.1% YoY in April–
Slide 57: Our Value Creation Process
Our Value Creation Process - The Tokyo Metro Group creates value based on three key strengths: our business area in Tokyo, one of the world’s largest cities; our position as the core of the Greater Tokyo Area’s railway network; and the sense of mission and technical capabilities of our employees, wh
Slide 58: Railway Business Initiatives Across Our Network
Railway Business Initiatives Across Our Network - We are making steady progress on initiatives under our Medium-Term Management Plan to provide safe and comfortable railway services across all lines. Ginza Line • Increased train frequency (completed) • Multiple elevator access routes at Asakusa Stat
Slide 59: Initiatives to Stimulate Demand for Railway Use
Initiatives to Stimulate Demand for Railway Use - We have implemented a range of initiatives to stimulate railway demand by leveraging the attractiveness of our dense rail network in the central Tokyo area, in collaboration with facilities along our railway lines. These initiatives feature themes su
Slide 60: Overseas Railway Business
Overseas Railway Business - Leveraging the railway operations expertise and know-how we have developed over our 100-year history, we will pursue further growth in the global O&M market and create new sources of revenue. O&M Business* • Tokyo Metro, together with The Go-Ahead Group Limited and Sumito
Slide 61: Major Properties and Stores (1)
Major Properties and Stores in the Urban Design & Lifestyle Creation Business (1) - The book value of investment and rental properties (including assets recorded under the Consumer and Corporate Services Business) was JPY 98.0 billion, and their market value was JPY 163.0 billion, as of the end of F
Slide 62: Major Properties and Stores (2)
Major Properties and Stores in the Urban Design & Lifestyle Creation Business (2) (As of September 30, 2026) Real Estate Business (2) Consumer and Corporate Services Business Residential Properties Number of units Station Retail Stores Leasable Area Metro Stage S Komone 14 Echika Omotesando 1,334㎡ M
Slide 63: PMO Hanzomon Case Study
PMO Hanzomon Case Study - In the PMO Hanzomon case, we acquired a property near Hanzomon Station and enhanced its value by rebuilding it into an office building integrated with a station entrance. We then realized gains through a sale to Tokyo Metro Private REIT. Land Acquisition and Development His
Slide 64: Real Estate Business Operating Profit Outlook
Real Estate Business Operating Profit Outlook (Announced on April 28, 2025) - Operating profit from the Real Estate Business for FY2026/3 and FY2028/3 is expected to decrease from the FY2025/3 result due to the impact of property sales to the private REIT and increased costs associated with property
Slide 65: Policy on Sale of Shares by the National Government and Tokyo Metropolitan Government
Policy on Sale of Shares by the National Government and Tokyo Metropolitan Government July 2021, “Future Vision for the Tokyo Subway Network” (MLIT Council of Transportation Policy Report No. 371) The ideal approach to share sales in light of Tokyo Metro’s role (excerpts) In selling Tokyo Metro shar
Slide 66: Financial Performance Trends for Full-Year Results
Financial Performance Trends for Full-Year Financial Results (Consolidated Operating Revenue and Consolidated Operating Profit) *Since the Accounting Standard for Revenue Recognition had not yet been applied in FY2020/3, approximately JPY 16.1 billion was recorded in both operating revenue and opera
Slide 67: Trends in Transportation Results
Trends in Transportation Results Number of passengers （Thousands） FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 Commuter 1,586,054 1,608,003 1,129,132 1,077,227 1,166,475 1,248,078 1,297,833 1,341,390 Non-commuter 1,180,113 1,156,999 690,355 826,555 1,005,435 1,136,653 1,19
Slide 68: Consolidated Statements of Income
Consolidated Statements of Income (JPY mm) FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 Operating revenue 434,894 433,147 295,729 306,904 345,370 389,267 407,832 422,414 Transportation Business 386,531 383,889 255,784 276,255 312,260 356,467 372,917 386,618 Real Estate Bus
Slide 69: Consolidated Balance Sheet
Consolidated Balance Sheet (JPY mm) FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 Assets Current assets 123,747 120,351 124,072 157,253 334,139 337,220 316,446 311,950 Cash and deposits 17,920 20,042 70,820 76,664 38,982 45,665 38,762 53,291 New line construction promotion
Slide 70: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (JPY mm) FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 Cash flows from operating activities 140,104 136,626 11,622 83,295 88,177 135,066 123,544 133,764 Profit before income taxes 88,265 75,066 (49,395) (22,977) 19,962 65,541 74,332 85,
Slide 71: Non-Consolidated Statements of Income
Non-Consolidated Statements of Income （JPY mm） FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 Transportation Business Operating revenue 383,372 380,480 252,540 272,751 308,778 352,319 369,279 382,665 Passenger transportation revenue 348,509 346,542 223,928 245,092 281,364 32
Slide 72: Consolidated Management Indices
Consolidated Management Indices FY2019/3 FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3 FY2026/3 Profitability Ratio of operating profit to operating revenue (%) 22.7% 19.4% (13.6%) (3.9%) 8.0% 19.6% 21.3% 21.2% EBITDA [Operating profit + Depreciation] 176,134 166,580 46,475 76,101 98,155 150
Slide 73: Investor Relations materials and cautionary statement
Investor Relations materials are available at the following URL: https://www.tokyometro.jp/lang_en/corporate/ir/index.html Cautionary Statement Regarding Forward-Looking Statements Forward-looking statements in this document are based on information currently available to the Company and certain ass