Hi guys, train nerd here. I saw the below financial info of Toei Subway:
FY2023 Toei Subway Line Revenue and Ridership
| Line | Revenue (¥ million) | Expenditure (¥ million) | Profit/Loss (¥ million) | Passengers per Day | Profit Margin (%) |
|---|---|---|---|---|---|
| Asakusa | 32,777 | 24,111 | 8,666 | 683,003 | 26.44% |
| Mita | 33,256 | 26,954 | 6,302 | 606,811 | 18.95% |
| Shinjuku | 37,770 | 31,521 | 6,249 | 704,235 | 16.54% |
| Ōedo | 53,294 | 56,498 | -3,203 | 836,179 | -6.01% |
Just out of curiosity, what makes the Asakusa line so profitable? This is despite having the lowest revenue and fewer passengers than other lines. From the numbers, it looks like the Asakusa line has much lower operational costs, but why?
Source: https://www.kotsu.metro.tokyo.jp/about/information/closing/pdf/r05_closing04.pdf
Edit 1: added profit margins
Edit 2: Just took another look at the numbers and damn, a 26% profit margin? That's huge, especially for a railway line. Most systems around the world run at a loss.
by pierperrier