9023.T
The company operates in the passenger transportation industry, primarily generating revenue through ground and sea transportation services.
Business. The company operates in the passenger transportation industry, primarily generating revenue through ground and sea transportation services.
Analyst recommendations
11 analysts · consensus HoldAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the passenger transportation industry, primarily generating revenue through ground and sea transportation services.
The company maintains a debt-to-equity ratio of 1.46, indicating a moderate reliance on debt financing, and a current ratio of 1.66, suggesting adequate short-term liquidity to cover its obligations. However, the company's free cash flow is relatively low at 5.76 billion JPY, which may limit its ability to reinvest in growth or return capital to shareholders.
In terms of profitability, the company's return on equity (ROE) is 8.03%, which is a strong indicator of efficient use of shareholders' equity. However, its return on assets (ROA) is 2.88%, which is relatively modest and may suggest that the company is not fully leveraging its asset base to generate returns.
The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, and there is no indication of geographic diversification in the provided data. This lack of diversification could expose the company to higher operational and market risks if its primary market experiences a downturn.
Looking ahead, the company is expected to maintain a stable revenue trajectory, with no significant growth or decline projected in the next fiscal year. The company's operating income and net income have remained relatively consistent, suggesting a stable business model with limited exposure to volatile market conditions.
The company's risk profile is characterized by a medium liquidity risk and a low dilution risk. The key risk flag is the negative net cash position after subtracting total debt, which could impact the company's ability to meet long-term obligations. However, the low dilution risk indicates that the company is not expected to issue additional shares in the near term, preserving shareholder value.
Recent events, as reflected in the company's financial filings, show a consistent performance with no major disruptions or significant changes in the business environment. The company's capital expenditures have been substantial, indicating ongoing investment in infrastructure and operations to support its transportation services.
- The company has a strong return on equity (ROE) of 8.03%, indicating efficient use of shareholders' equity.
- The company's debt-to-equity ratio of 1.46 suggests a moderate reliance on debt financing.
- The company's free cash flow is relatively low at 5.76 billion JPY, which may limit its ability to reinvest in growth or return capital to shareholders.
- The company's risk profile is characterized by a medium liquidity risk and a low dilution risk.
- The company's revenue is concentrated in a single business segment, which could expose it to higher operational and market risks.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 96,62 |
| Revenue | —no estimate | —no estimate | 433,7B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
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- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 9023.T Market data — financials · 2026-05-27
- Tokyo Metro Co Ltd Market data — analyst estimates · 2026-05-27