Tokyo Metro

The Japan read

From the company's own filing for Q1 (Apr–Jun 2026) · reported 2026-07-31 · the filing ↗

• JapanPassengers rose 2.6% to 671.5m in April–June — commuter-pass riders up 3.2%, other tickets up 2.0% — and fare revenue rose 2.6% to ¥91.0bn. The company says a June typhoon left fare revenue below its plan.
• StoresLife Services, which leases station shops such as Echika Omotesando and Echika Ikebukuro, M'av arcades under the Tozai line and Esola Ikebukuro, grew revenue 1.8% to ¥3.78bn and profit 11.0% to ¥1.0bn on higher rents at existing shops and new LifeFit gyms. A renovated M'av Urayasu (West) opened on 30 June.
• InboundTokyo Metro estimates that foreign visitors supplied about 3% of its fare revenue in the year to March 2026. Its results deck, citing national tourism statistics, notes that visitor arrivals to Japan fell 2.0% in January–June 2026.

Other callouts in the filing

• SegmentReal estate revenue rose 5.6% to ¥3.76bn and profit 10.2% to ¥1.50bn on newly acquired or opened properties such as Metro City Kanda-Awajicho and Asakusa Square; commercial-property revenue within it rose 27.8% to ¥307m. Advertising revenue rose 33.8% to ¥2.01bn.
• One-offSpecial gains fell to ¥1.26bn from ¥7.35bn, which had included a ¥6.41bn retirement-benefit plan gain, and net income fell 24.7%. Transport profit fell 7.1% to ¥23.5bn on 5.1% higher costs; a new intra-group contract also moves some profit from transport to Life & Business Services, with no group effect.
• OutlookIt kept full-year guidance of ¥437.2bn of operating revenue (+3.5%), ¥81.4bn of operating profit (−9.1%) and ¥50.0bn of net income (−15.3%), and says the first quarter is broadly on track.

floortok's reading of the filing, in our own words. Figures are the company's own; where a growth rate is our arithmetic, it says so.