In its first-quarter results for the fiscal year ending March 2027, announced on July 31, Tokyo Metro reported operating revenue of 109.049 billion yen, up 2.8% year on year, while operating expenses rose by 4 billion yen, pushing operating profit down 3.9% to 27.782 billion yen. The increase in operating expenses breaks down into 1 billion yen in personnel costs, 2.2 billion yen in general expenses, and 700 million yen in depreciation. According to the earnings presentation materials, within general expenses, 800 million yen in repair costs and 500 million yen in outsourcing costs stem from rising labor and material prices, while 200 million yen in electricity charges reflects the impact of the situation in the Middle East. Ordinary profit fell 4.9% to 24.722 billion yen, and quarterly net profit dropped 24.7% to 16.811 billion yen, with the decline widened by the reversal from the 6.408 billion yen gain on the revision of the retirement benefit system recorded in the same period a year earlier. The transportation business, which accounts for more than 90% of sales and more than 80% of profit, posted operating revenue of 99.304 billion yen, up 1.9%, but bore the brunt of higher costs, with operating profit down 7.1% to 23.541 billion yen. The company left unchanged its full-year forecast of higher revenue and lower profit, projecting operating revenue of 437.2 billion yen, operating profit of 81.4 billion yen, ordinary profit of 69 billion yen, and net profit of 50 billion yen.
Tokyo Metro Co LtdQ1 operating profit fell 3.9% to 27.782 billion yen as operating expenses rose 4 billion yen, and net profit dropped 24.7%.
