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December 22, 2024
 

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TOKYO METRO

Tokyo Metro will soon have a role in the running of London's Elizabeth Line, a major train route serving the U.K.’s capital city and environs.
BUSINESS / Companies
Nov 21, 2024
Tokyo Metro’s overseas efforts begin in earnest with London deal
The award of a contract to operate London’s Elizabeth Line to a consortium that includes the firm could help address concerns about its domestic growth potential.
A monitor shows Tokyo Metro's opening price on Wednesday morning in Tokyo.
BUSINESS / Companies
Oct 23, 2024
Tokyo Metro shares surge in trading debut after strong IPO
Proceeds from the IPO will redeem reconstruction bonds issued after the 2011 earthquake, tsunami and nuclear disaster in northeastern Japan that killed 18,000 people.
Ticket vending machines at a Tokyo Metro subway station. Tokyo Metro's network connects with nine of the 10 busiest stations in the capital.
BUSINESS / Companies
Oct 22, 2024
Tokyo Metro might be too much railroad for some investors
With over 80% of its operating profit coming from carrying passengers on trains, critics are concerned about its nonrailway business.
An electric stock board at the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo on April 19
BUSINESS / Markets
Oct 21, 2024
Asian IPOs set for blockbuster week as ‘animal spirits’ return
Asian markets are seeing a return of "animal spirits," or changes in market behavior often driven by emotions.
Tokyo Metro priced its shares at ¥1,200 apiece. It is expected to list on the Tokyo Stock Exchange on Oct. 23.
BUSINESS / Companies
Oct 15, 2024
Tokyo Metro raises $2.3 bln in Japan's biggest IPO in 6 years
The subway operator priced its shares at the top of its provisional range of ¥1,100 to ¥1,200, a regulatory filing from the company showed on Tuesday.
Tokyo Metro is seeking to raise at least ¥319.6 billion at a time when the nation’s equity market is showing signs of recovery.
BUSINESS / Companies
Oct 8, 2024
Tokyo Metro unveils range for biggest Japan IPO since 2018
The price range of ¥1,100 to ¥1,200 values the subway operator at between ¥639.1 billion and ¥697.2 billion.
Subway operator Tokyo Metro said that its initial public offering was aiming to raise around ¥319.6 billion.
BUSINESS / Markets
Sep 24, 2024
Larger IPOs set to test dominance of smaller listings in Japan
New listings look to be gaining momentum as the Nikkei 225 Stock Average has rebounded more than 20% from this year’s intraday low on Aug. 5.
Tokyo Metro will aim to raise $2.25 billion — making it the largest IPO in Japan for six years.
BUSINESS / Companies
Sep 20, 2024
Tokyo Metro and Rigaku set stage for $3 billion Japan IPOs as listings gather pace
Tokyo Metro's indicative price of ¥1,100 per share would raise ¥319.55 billion ($2.25 billion), giving the company a market value of ¥639.1 billion.
Data was falsified for wheelsets on Tokyo Metro train cars.
JAPAN
Sep 19, 2024
Tokyo Metro maintenance subsidiary falsified wheelset data
Data was altered for 233 axles of 161 subway cars, out of a total of 11,000 axles of some 2,700 cars owned by Tokyo Metro.
Tokyo Metro is expected to announce on Friday details of its initial public offering, with sources saying the firm is considering introducing shareholder benefits.
BUSINESS / Companies
Sep 18, 2024
Tokyo Metro considers a shareholder benefits program
The subway operator is expected to announce details of its IPO on Friday, which may value the company around ¥700 billion ($5 billion).
Subway operator Tokyo Metro may raise as much as ¥350 billion as early as October, which will boost the amount of money raised in Japan’s stock market this year.
BUSINESS / Markets
Aug 27, 2024
Jumbo listings set to boost Japan’s market as sentiment recovers
Two jumbo initial public offerings may roughly triple the amount of money raised in Japan’s stock market this year as sentiment bounces back from this month’s selloff.
The central and Tokyo governments, which own 100% of Tokyo Metro, expect to receive approval for the firm's listing from the Tokyo Stock Exchange as soon as mid-September, sources said.
BUSINESS / Companies
Aug 19, 2024
$4.7 billion valuation for Tokyo Metro targeted in IPO, sources say
Tokyo Metro could have Japan's biggest initial public offering in roughly six years.
A person walks among the giant columns supporting the Metropolitan Area Outer Underground Discharge Channel in Saitama Prefecture.
PODCAST / deep dive
Jun 20, 2024
Tokyo underground: The city beneath our feet
Join us this week on Deep Dive as we discuss with Alex K.T. Martin the expansive subterranean world of Tokyo’s ever-changing underground.
The view from the top of one of the five 70-meter-deep shafts spread across the tunnel system of the ¥230 billion Metropolitan Area Outer Underground Discharge Channel.
JAPAN / Society / Longform
Jun 3, 2024
Tokyo underground: Exploring what lies beneath the world’s largest city
Tokyo has developed a massive network of underground infrastructure to support its population, a system being put to the test by extreme weather.
CocoDesk private work booths set up by Fujifilm Business Innovation and Tokyo Metro at a subway station in Tokyo
BUSINESS / Companies
Feb 20, 2024
Demand for private work booths grows in Japan
The increase in the use of private work booths reflects how working styles have become more diverse since the pandemic.
Tokyo Metro plans to go public in the fiscal year that starts in April.
BUSINESS / Companies
Jan 26, 2024
Tokyo Metro to go public as Japan seeks to reap benefits of buoyant stock market
The company, which is owned by the national government and the Tokyo Metropolitan Government, will be listed in the year that begins in April.
The government may sell stakes in some major firms, including NTT, to fund its growing defense spending.
BUSINESS
Aug 3, 2023
Raising the stakes: Japan may sell shares to fund defense spending
Selling government stakes in some of Japan's biggest firms won't be straightforward, given the need for consensus and changes to laws.
Japan Times
BUSINESS
May 21, 2023
Japan railway firms boosting efforts for automated operations
The need to streamline operations is growing as Japan's falling population shrinks the pool of potential drivers.
JAPAN
Apr 5, 2023
Former top ministry official admits to pressuring firm on leadership promotion
The presidency of the airport infrastructure firm had traditionally been held by a former transport ministry official until 2021.
Japan Times
JAPAN
Mar 18, 2023
Tokyo area train fares raised by ¥10 to fund barrier-free infrastructure
The companies will use increased revenues to install elevators and platform doors and make other efforts to improve barrier-free accessibility at train stations.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Police raided suspect's home to arrest him after fatal Kitakyushu stabbing
Broken window glass is seen at Masanori Hirabaru's house in Kitakyushu's Kokuraminami Ward.
Taiwan lawmakers brawl over bills that would 'damage democracy'
Lawmakers from the Democratic Progressive Party and opposition party Kuomintang brawl in parliament in Taipei on Friday.
Ride-hailing restrictions to be eased during 2025 Osaka Expo
A venue for the 2025 Osaka Expo in the city of Osaka
Foxconn's interest in Nissan said to be on hold amid Honda merger talks
Foxconn’s pause in its pursuit of Nissan is the latest development in the unexpected emergence of two suitors for the ailing Japanese carmaker.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.
Curiosity didn’t kill the meme: Why cats still rule Japanese YouTube
A screen shot from YouTube user @lagelda shows the simplicity of going viral in Japan in 2024: A cat dancing to EDM in front of a green screen.
With rare Asia carrier deployment, France seeks greater interoperability
The flight deck of the French Navy's Charles de Gaulle aircraft carrier during a stop at Changi Naval Base in Singapore in May 2019

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Yasuyuki Yoshida stirs a brew in a fermentation tank at his brewery in Hakusan.
The quake that shook Noto's sake brewing tradition
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