The nine-month financial results for the nine months until December last year announced by Tokyo Metro on the 3rd, the number of users decreased significantly due to the influence of the new coronavirus, and the final profit and loss was a deficit of 35.1 billion yen, which was 2004 for this period. It was the first deficit since the privatization of the year.
Tokyo Metro announced that the group's financial results for the nine months from April to December last year were 221.5 billion yen, a 33% decrease in sales compared to the same period of the previous year, and the final profit and loss. Turned from a surplus of 49.7 billion yen to a deficit of 35.1 billion yen.
This is the first time that the final deficit has been reached in nine months since it was privatized in 2004.
The main reason for this is that the number of commuter pass users decreased by 29% from the same period of the previous year, and the number of other users decreased by 43% due to the influence of the new coronavirus.
Tokyo Metro is reducing capital investment this year by approximately 29 billion yen, and reducing executive compensation and advertising expenses, on the premise of ensuring safety, in order to stabilize management.
As usual, Tokyo Metro has not issued a one-year earnings forecast, but states that "the state of emergency has been issued again, making it even more difficult to predict the future spread and convergence time."