Last year's financial results for "Tokyo Metro" saw a significant decrease in users due to the impact of the new coronavirus, resulting in a final loss of 52.9 billion yen for the first time since privatization in 2004.
Tokyo Metro announced that the group's financial results for the year ending March were 295.7 billion yen, a 31% decrease from the previous year, and the final loss was 52.9 billion yen.
The final deficit is the first since privatization in 2004.
Due to the impact of the new coronavirus, the number of commuter pass users decreased by 29% and the number of other users decreased by 40%.
Tokyo Metro will continue to dig up demand through services such as unlimited rides on holidays, saying that even if the infection has subsided, telework will take root and the recovery of commuter pass users cannot be expected. It is said that it will focus on businesses other than railways, such as the development of.
On the other hand, the earnings forecast for this year will not be disclosed as we are preparing for the listing of shares.
At the press conference, President Akiyoshi Yamamura said, "The decline in users will continue even this year, and we cannot expect a large recovery in demand. We need to expand related businesses centered on railways."
Railway companies in the Tokyo metropolitan area are all in the red, including JR East and major private railways, and the difficult business environment continues.