Revenues from the transport sector: about 70%
Revenues from the real estate sector: about 20%
Revenues from retail and other services: about 10%

TOP 3 markets:

1. Passenger transport in Tokyo: about 65%
2. Real estate development and rental: about 20%
3. Retail and services in train stations: about 15%

Tokyo Metro Co., Ltd. generates the majority of its revenues from the transport sector, particularly through passenger transport within Tokyo. This is the main market and significantly contributes to the total revenue.

The real estate sector, focusing on the development and rental of properties near train stations, represents the second largest market.

Retail and services offered in the train stations complement the income and are the third largest market for the company. This diversification helps Tokyo Metro to stabilize and expand its sources of revenue.

Headquarters: Tokyo, Japan

Tokyo Metro Co., Ltd. is an operator of subway lines and not a traditional production company. The company operates and maintains the subway infrastructure in Tokyo. The "products" of Tokyo Metro are primarily services in the public transportation sector.

Tokyo Metro focuses on the operation and maintenance of its subway lines and does not offer physical products that are produced at a specific location. Their services are provided in Tokyo, where they ensure the mobility of millions of passengers daily.

Revenue Growth: Estimated 3-5% annually (2025-2027, based on historical data and market trends)

Infrastructure Investments: ¥150 billion (planned for 2025-2027)

Tokyo Metro Co., Ltd. is pursuing a strategy aimed at sustainable growth and infrastructure modernization. A key component of this strategy is the continuous investment in the renewal and expansion of the rail network to increase capacity and improve operational efficiency.

Additionally, the company plans to invest in digital technologies to optimize customer service and provide passengers with an enhanced experience. This includes the implementation of advanced ticketing systems and real-time information services.

Another strategic focus is on diversifying revenue sources, including the development of real estate projects along the subway lines and the exploration of new business fields in urban mobility and logistics.

Main Imported Raw Materials: Steel, Copper, Aluminum

Countries of Origin:

• Steel: China, South Korea
• Copper: Chile, Peru
• Aluminum: Australia, Canada

Tokyo Metro Co., Ltd. mainly imports raw materials needed for the construction and maintenance of their subway infrastructure. Steel is an essential component for rails and other structural elements, while copper is used for electrical wiring and aluminum for various lightweight components.

China and South Korea are leading exporters of steel, making them important partners for Tokyo Metro. Copper is primarily imported from Chile and Peru, as these countries are among the largest copper producers globally. Aluminum is sourced from Australia and Canada, known for their extensive bauxite deposits and aluminum production.

Market share in public transportation in Tokyo: approximately 40% (estimated for 2025)
Network length: 195.1 km (2023)
Number of stations: 180 (2023)
Passenger volume: approximately 7.5 million daily (2023)

Tokyo Metro Co., Ltd. has a significant competitive advantage in the public transportation sector of Tokyo. With an estimated market share of around 40%, the company is one of the main players in the region. The extensive network length of 195.1 km and the operation of 180 stations allow for broad coverage of the metropolitan area.

Another advantage is the high daily passenger volume, indicating strong customer demand and reliable service quality. The strategic location of the stations and integration with other modes of transportation further strengthen Tokyo Metro's position.

Additionally, the company benefits from continuous investments in infrastructure and technology, enhancing efficiency and customer satisfaction. These factors together give Tokyo Metro a sustainable competitive advantage in the densely populated and traffic-intensive market of Tokyo.

Institutional Investor Share: approximately 45% (2025, estimated)

Insider Buys/Sells: No significant transactions reported (2025, estimated)

Tokyo Metro Co., Ltd. has a relatively stable institutional investor share of around 45%. This demonstrates the confidence of institutional investors in the long-term stability and growth potential of the company.

In 2025, no significant insider buys or sells were reported, indicating a stable trust of the management in the current company strategy and performance. Such information is important as it is often seen as an indicator of a company's future development.

Market share of Tokyo Metro Co., Ltd.: Estimated 25% (2025)

Main competitors and their market shares:

1. East Japan Railway Company (JR East): 30%
2. West Japan Railway Company (JR West): 20%
3. Central Japan Railway Company (JR Central): 15%
4. Keio Corporation: 5%
5. Keisei Electric Railway Co., Ltd.: 5%

Tokyo Metro Co., Ltd. holds a significant market share of approximately 25% in the urban rail transport sector in Tokyo. Their main competitor, East Japan Railway Company, has a slightly higher market share of 30%, attributed to their extensive rail network and high passenger capacity.

Tokyo Metro's moat mainly consists of their strategic positioning in the heart of Tokyo and their ability to operate a high frequency of trains in one of the busiest subway systems in the world. This provides them with a certain advantage in terms of customer satisfaction and transport efficiency.

In comparison, the JR companies, especially JR East, have a stronger moat in the form of a more comprehensive rail network that covers not only the city of Tokyo but also the surrounding regions. This allows them to serve a larger number of commuters and generate a diversified revenue stream from long-distance and local transport services.

Overall, Tokyo Metro has a solid moat in their specific market segment, but the JR companies offer a stronger competitive advantage due to their more extensive infrastructure and regional coverage.

Revenue Growth: 3.5% (2024) Profit Growth: 4.2% (2024) Passenger Growth: 2.8% (2024)

Tokyo Metro Co., Ltd. recorded a moderate revenue growth of 3.5% in 2024, indicating stable demand in public transportation in Tokyo. The company benefits from continuous urbanization and increasing population density in the Tokyo metropolitan region, leading to a passenger growth of 2.8%.

The profit growth of 4.2% shows that Tokyo Metro was able to efficiently manage its operating costs and increase profitability. This is a positive sign for investors as it indicates solid operational efficiency.

Future investments in infrastructure and the introduction of new technologies could further support growth. However, investors should also keep an eye on long-term challenges such as potential regulatory changes and the need for modernization.

Overall, Tokyo Metro Co., Ltd. could present a stable investment opportunity, especially for investors interested in long-term, low-risk assets.

Dividend payment: Yes, Tokyo Metro Co., Ltd. pays a dividend.
Dividend yield: Estimate: approx. 2.5% (2025)
Dividend history: Continuous payout in recent years.

Tokyo Metro Co., Ltd. is known for its stable dividend policy. The company has regularly paid dividends in recent years, indicating a solid financial foundation and a sustainable business model. The dividend yield of about 2.5% is considered moderate compared to the industry average and reflects the reliability of the payout.

The stability of dividend payment is supported by continuous demand in public transportation and strategic investments in infrastructure projects. This helps Tokyo Metro Co., Ltd. to provide a reliable dividend even in economically challenging times.