
Signs of Tokyo Metro
Jiji Press
9:53 JST, August 20, 2024
Tokyo (Jiji Press)—Shareholders of Tokyo Metro Co. are considering taking the subway operator public on the Tokyo Stock Exchange as early as October, people familiar with the matter said Monday.
Tokyo Metro is 53.4 pct owned by the Japanese government and the remaining 46.6 pct by the Tokyo metropolitan government.
The central and metropolitan governments plan to sell their shares in Tokyo Metro at the same time and in the same proportion to reduce their combined stake to 50 pct.
The central government is obliged under law to use its proceeds from the sale of Tokyo Metro shares to help finance the redemption of bonds issued to fund reconstruction from the March 2011 earthquake and tsunami.
Popular Articles
Popular articles in the past 24 hours
-
Approval of Acquisition by Nippon Steel: Deal Opens New Doors for...
-
Japan’s ski resort town Niseko to publish booklet of its history ...
-
Shohei Ohtani's 2 Homers, Clayton Kershaw's 7 Sharp Innings Prope...
-
50 Years of Summits: Can G7 Countries Play Role in Ensuring Globa...
-
Nagoya's Arimatsu's Traditional Craft Is to Dye For; Artisans Con...
-
Finnish President Stubb Stresses U.S. Support for Ukraine Importa...
-
Trump Administration Considers Adding 36 Countries to Travel Ban ...
-
Nationals' Bat-retrieving Dog Bruce Laps Up Pregame Attention, Ma...
Popular articles in the past week
-
Fukuoka City School Lunch Menu with Only One Karaage Fried Chicke...
-
UPDATE2: Four Japanese Self-Defense Forces members injured in exp...
-
Japan’s JR East to Launch New Overnight Train in Spring 2027; Ove...
-
Manga ‘Predicts’ Disaster in Japan, Deterring Hong Kong Travelers...
-
M4.2 Quake Hits Tokyo, Kanto Region; No Tsunami Warning Issued
-
Countries, Regions Use Osaka-Kansai Expo to Attract Japanese Tour...
-
G7 to Agree on Road Map for Rare Earth Procurement; June Summit W...
-
Govt Aims to Revitalize Bookstores by Advancing DX; IC Tags, Read...
Popular articles in the past month
-
Toyoda to Become Automobile Business Association of Japan Chairma...
-
Visitors to Japan Hit Single-Month Record High in April
-
Advance Payments for 2025 Rice Foretell Rising Prices; Big Buyers...
-
Japanese Researchers Develop ‘Transparent Paper’ as Alternative t...
-
Japan to Introduce Car Fuel with Up to 10% Biofuels from Fiscal 2...
-
Former North Korean Agent Says Still Many Spies in South Korea Lo...
-
Tokyo Experiences Temperatures Exceeding 30 C for 1st Time This Y...
-
2025 Expo Osaka: Expo Fails to Achieve Pledge of Line-Free Event;...
"Business" POPULAR ARTICLE
-
Toyoda to Become Automobile Business Association of Japan Chairman; to Help Guide U.S. Tariff-Affected Industriessns
-
Visitors to Japan Hit Single-Month Record High in April
-
Japan to Introduce Car Fuel with Up to 10% Biofuels from Fiscal 2028; Limited Rollout Expected at Areas with Refineries
-
Japan’s Core Inflation Hits More than 2-year High, Could Force Year-End BOJ Hike
-
Japanese Small, Midsize Firms Increasingly Employing Foreign Workers; Effort Aims to Secure Talented Employees
JN ACCESS RANKING
-
Toyoda to Become Automobile Business Association of Japan Chairman; to Help Guide U.S. Tariff-Affected Industriessns
-
Visitors to Japan Hit Single-Month Record High in April
-
Japanese Researchers Develop ‘Transparent Paper’ as Alternative to Plastics; New Material Is Biodegradable, Can Be Produced with Low Carbon Emissions
-
Japan to Introduce Car Fuel with Up to 10% Biofuels from Fiscal 2028; Limited Rollout Expected at Areas with Refineries
-
Tokyo Experiences Temperatures Exceeding 30 C for 1st Time This Year; Other Parts of Japan also See Soaring Temperatures