Message from the President

Thank you very much for your support and understanding of Tokyo Metro's business activities.

Tokyo Metro Co., Ltd. is responsible for the core part of the railway network in the Greater Tokyo Area, operating nine subway lines with 195.0 kilometers (121.2 miles) of track and 180 stations around central Tokyo, as well as providing reciprocal through-services with other railway companies on seven of those lines.

We have been working on various initiatives following the Tokyo Metro Group ideal of "Keeping Tokyo on the Move," and in October 2024, the company was listed on the Tokyo Stock Exchange Prime Market, taking us to a new stage that drives reforms and breakthroughs.

Passenger transportation revenues of the railway business, which is Tokyo Metro's core business, are recovering consistently as the demand for outings increases due to progress in development in central Tokyo and the rise in the number of inbound tourists in Japan. In addition, thanks to the successful cost structure reform initiatives implemented during the COVID-19 pandemic, our business is progressing steadily. On the other hand, the external environment surrounding us is undergoingignificant changes, including increasingly extreme natural disasters and the decline in travel demand due to the practice of working remotely and online meetings becoming well established, coupled with rising prices such as labor and raw material costs, full-scale labor shortages, and the increased risk of terrorism and cybercrime.

Under these circumstances, we will strive to steadily implement various business and corporate strategies in FY2025, which is the first fiscal year of our new three-year Mid-term Management Plan. Specifically, we will work to further improve railway safety and services, including natural disaster prevention measures and ensuring barrier-free access, while steadily working on the construction of new lines. In addition to developing and promoting new technologies such as autonomous driving and creating demand for railway use, we will also continue to advance our expansion of urban design and lifestyle creation businesses and new business initiatives to build a foundation for sustainable growth. In particular, with the exception of stations that are undergoing major renovations, plan to complete the installation of platform doors at all stations in FY2025 by utilizing the barrier-free railway station fee. In November 2024, we took the first step toward a new future by commencing the construction of the Yurakucho Line extension (between Toyosu and Sumiyoshi) and the Namboku Line extension (between Shinagawa and Shirokane-takanawa). We will continue to work steadily toward opening these extensions in the mid-2030s, on the premise of receiving sufficient public support..In the urban design and lifestyle creation businesses, we aim to achieve growth through expansion of our real estate business by promoting acquisition of real estate that factors in future development, and also through promotion of our consumer service business and corporate service business, including new business development.

In terms of ESGs, in order to achieve a decarbonized society, the company will aim to bring forward the target of a 50% emissions reduction (compared to FY2013) from FY2030 to FY2027, and raise the FY2030 target from -50% to -53% (compared to FY2013). The company will also work on maximizing the potential of each employee through human capital management and the promotion of DE&I. Furthermore, we will strengthen our business foundation by respecting human rights, further reinforcing corporate governance, and utilizing and promoting digital technology.

As a transport operator supporting the capital city's urban functions, the Tokyo Metro Group will continue to prioritize customer safety and strive to become an urban design and lifestyle creation business group with railways at its core.

Thank you all for your continued support and encouragement.