Tokyo Metro Co (TSE:9023) Operating Income: 円88,471 Mil (TTM As of Mar. 2026)

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TSE:9023 Tokyo Metro Co Ltd TSE:9023
10 GF Score
Price 円1,456.00
! 3 Warning Signs
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What is Tokyo Metro Co Operating Income?

Tokyo Metro Co TSE:9023 -0.55% 10 Operating Income is 円88,471 Mil as of Mar. 2026. GuruFocus rates TSE:9023 with a GF Score™ of 10/100. The stock has 3 warning signs investors should review.

Tokyo Metro Co's Operating Income for the three months ended in Mar. 2026 was 円13,043 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was 円88,471 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Tokyo Metro Co's Operating Income for the three months ended in Mar. 2026 was 円13,043 Mil. Tokyo Metro Co's Revenue for the three months ended in Mar. 2026 was 円105,609 Mil. Therefore, Tokyo Metro Co's Operating Margin % for the quarter that ended in Mar. 2026 was 12.35%.

Tokyo Metro Co's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tokyo Metro Co's annualized ROC % for the quarter that ended in Mar. 2026 was 1.88%. Tokyo Metro Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 3.48%.


Tokyo Metro Co  (TSE:9023) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Tokyo Metro Co's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=52172 * ( 1 - 31.64% )/( (1894627 + 1899443)/ 2 )
=35664.7792/1897035
=1.88 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Tokyo Metro Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=56716/( ( (1542076 + max(94324, 0)) + (1562273 + max(62909, 0)) )/ 2 )
=56716/( ( 1636400 + 1625182 )/ 2 )
=56716/1630791
=3.48 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(4841 + 7960 + 195809) - (52480 + 0 + 61806)
=94324

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(8817 + 7667 + 190891) - (79445 + 0 + 65021)
=62909

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Tokyo Metro Co's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=13043/105609
=12.35 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Tokyo Metro Co Operating Income Related Terms


Tokyo Metro Co Operating Income Historical Data

* Premium members only.

The historical data trend for Tokyo Metro Co's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Tokyo Metro Co Operating Income Chart

Tokyo Metro Co Annual Data
Trend Mar23 Mar24 Mar25 Mar26
Operating Income
27,778.00 76,359.00 86,943.00 89,588.00

Tokyo Metro Co Quarterly Data
Mar23 Jun23 Sep23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28,899.00 21,125.00 26,521.00 13,043.00 27,782.00
TSE:9023
10GF Score
Tokyo Metro Co Ltd TSE:9023
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyo Metro Co Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円88,471 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of 円88,471 Mil mean?
Tokyo Metro Co (TSE:9023) has a Operating Income of 円88,471 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tokyo Metro Co and its competitors.
Is Tokyo Metro Co's Operating Income too high?
Tokyo Metro Co's current Operating Income is 円88,471 Mil. Overall, Tokyo Metro Co has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Tokyo Metro Co's Operating Income compare to UNP and CSX?
Tokyo Metro Co's Operating Income of 円88,471 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Transportation company?
A good Operating Income depends on the Transportation industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Tokyo Metro Co and its competitors. Tokyo Metro Co's current Operating Income is 円88,471 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Metro Co stock overvalued right now?
Tokyo Metro Co (TSE:9023) has a current Operating Income of 円88,471 Mil. The current Operating Income is 円88,471 Mil. Tokyo Metro Co's overall GF Score™ is 10/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Tokyo Metro Co (TSE:9023), the current Operating Income is 円88,471 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Tokyo Metro Co Business Description

Other Exchanges TKMTY:USAXO7:Germany
Address 19-6 Higashiueno 3-chome, Taito-ku, Tokyo, JPN, 110-8614
Tokyo Metro Co Ltd is engaged in the transportation, real estate, distribution, and advertising businesses. The Transportation segment operates and manages a subway network of nine lines mainly in the Tokyo metropolitan area. The Real Estate segment develops and rents office buildings and hotels, such as Shibuya Mark City, along railway lines. The Distribution and Advertising segment operates commercial facilities like Echika at subway stations and handles advertising within stations and trains, as well as information and communication services. It generates the majority of its revenue from the Transportation segment.
10GF Score

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円1,456.00
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