Tokyo Metro Co Ltd (9023) AI Stock Analysis

6 Followers

Tokyo Metro Co Ltd

(TSE/TYO:9023)

Select Model

Rating:70Outperform

Price Target:JPY 1,586.00▲(7.53% Upside)

Action:reiterated

Date:11/07/26

The company's strong financial turnaround and robust cash flow generation are the primary strengths, supporting a solid foundation. This is partially offset by a weak technical picture, with the stock trading below key moving averages and exhibiting bearish momentum. A reasonable valuation and attractive dividend yield provide additional support, resulting in a moderately positive overall score.

Positive Factors

Revenue and Profitability RecoverySteady revenue growth and a recovery to healthy operating and net profitability indicate that Tokyo Metro has rebuilt earnings power after the downturn. This provides a stronger base for reinvestment and supports more durable financial performance over the next several quarters.

Negative Factors

Meaningful LeverageDebt materially exceeds equity, leaving Tokyo Metro sensitive to interest rates and refinancing conditions. Although leverage is typical for transportation infrastructure, the obligation burden can limit financial flexibility and constrain capital allocation if operating conditions weaken.

Tokyo Metro Co Ltd (9023) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 848.64B
Dividend Yield: 2.92%
Average Volume (3M): 1.92M
Price to Earnings (P/E): 16.1
Beta (1Y): 0.11
Revenue Growth: 3.19%
EPS Growth: -7.94%
Country: Japan
Employees: 11,441
Sector: General
Sector Strength: 55
Industry: Railroads

Tokyo Metro Co Ltd Business Overview & Revenue Model

Company Description

Tokyo Metro Co., Ltd. engages in the operation and management of railways in Japan. It provides railway passenger transportation services. The company also manages shops at stations and other commercial facilities; develops and rents office buildings...

How the Company Makes Money

Tokyo Metro primarily makes money by operating its subway network and monetizing the high passenger volumes moving through its stations. Its main revenue stream is passenger transportation revenue, earned from fares paid by riders using tickets and t...

Tokyo Metro Co Ltd Financial Statement Overview

Summary

Strong revenue growth and a dramatic profitability turnaround, with net income reaching ¥59.0B. Cash flow is robust, consistently exceeding net income. The balance sheet is the main detractor due to elevated debt, though leverage ratios are improving steadily.

Income Statement

85Very Positive

Balance Sheet

70Positive

Cash Flow

80Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	425.36B	422.41B	407.83B	389.27B	345.37B	306.90B
Gross Profit	144.77B	144.88B	134.18B	119.98B	70.75B	29.11B
EBITDA	164.74B	171.61B	158.30B	151.63B	100.56B	75.29B
Net Income	53.51B	59.02B	53.75B	46.26B	27.77B	-13.40B
Balance Sheet
Total Assets	2.05T	2.05T	2.04T	2.03T	2.01T	1.82T
Cash, Cash Equivalents and Short-Term Investments	252.91B	68.28B	259.66B	281.27B	281.10B	111.66B
Total Debt	1.10T	1.07T	1.09T	1.12T	1.14T	972.21B
Total Liabilities	1.31T	1.31T	1.32T	1.36T	1.38T	1.20T
Stockholders Equity	738.97B	734.75B	716.53B	668.39B	633.34B	618.36B
Cash Flow
Free Cash Flow	0	42.00B	7.56B	30.93B	6.46B	-20.74B
Operating Cash Flow	0	133.76B	123.54B	135.07B	88.18B	83.30B
Investing Cash Flow	0	-87.40B	-89.50B	-100.23B	-77.55B	-99.50B
Financing Cash Flow	0	-51.85B	-50.94B	-33.15B	158.81B	57.05B

Tokyo Metro Co Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price1475.00

Price Trends

50DMA1468.16Negative

100DMA1444.13Negative

200DMA1500.82Negative

Market Momentum

MACD-0.54Negative

RSI47.10Neutral

STOCH66.88Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9023, the sentiment is Negative. The current price of 1475.00 is above the 20-day moving average (MA) of 1454.42, above the 50-day MA of 1468.16, and below the 200-day MA of 1500.82, indicating a bearish trend. The MACD of -0.54 indicates Negative momentum. The RSI at 47.10 is Neutral, neither overbought nor oversold. The STOCH value of 66.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9023.

Tokyo Metro Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9023 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:9023	70Outperform	JPY 837.51B	16.06	―	2.92%	3.19%	-7.94%
JP:9009	68Neutral	JPY 753.24B	14.75	8.82%	1.52%	4.86%	-30.78%
JP:9001	64Neutral	JPY 568.22B	9.19	10.19%	2.52%	3.47%	28.64%
JP:9008	62Neutral	JPY 445.40B	10.77	9.60%	2.80%	9.62%	9.03%
JP:9007	60Neutral	JPY 638.71B	17.78	6.99%	3.32%	3.55%	-2.15%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:9024	48Neutral	JPY 987.84B	23.61	―	1.10%	-38.59%	-77.70%

* General Sector Average

Performance Comparison

JP:9023 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9023	Tokyo Metro Co Ltd	1475.00	-86.45	-5.54%
JP:9009	Keisei Electric Railway Co	1515.50	302.48	24.94%
JP:9008	Keio Corporation	786.00	38.53	5.16%
JP:9007	Odakyu Electric Railway Co	1806.50	212.67	13.34%
JP:9001	Tobu Railway Co	2980.50	498.49	20.08%
JP:9024	Seibu Holdings, Inc.	3906.00	-1105.28	-22.06%

Tokyo Metro Co Ltd Corporate Events

Tokyo Metro Posts Higher Revenue but Lower Profits, Keeps Dividend Growth on Track

Oct 30, 2026

Tokyo Metro reported consolidated operating revenue of ¥217.3 billion for the six months to September 30, 2026, up 3.2% year on year, while operating profit slipped 1.6% to ¥49.2 billion and ordinary profit fell 2.8% to ¥43.1 billion. Profit attribut...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 07, 2026

Tokyo Metro Co Ltd AI Stock Analysis