Diary of a rail fan in Kansai,Japan(Ver.2)

About world's rail news, general news, my train pictures, and travel diary)

Is Osaka municipal subway a loss-making corporation?

Some people say that Osaka City's budget is full of loss. I think it is right. But, the main reason of loss is not in the municipal subway but in the municipal bus. See the next table.
Here are the consolidated accounts of Osaka municipal subway in 2010
(Currency:Yen)

Total loss 140,324,063,820
Subsidies(included in total profit) 12,819,893,163
Total profit 164,225,955,204
Income and expenditure 23,901,891,384
Income and expenditure(excluding Subsidies) 11,081,998,221
Cumulative income 18,638,106,972
On the contrary, cumulative loss of Osaka municipal bus is 60,435,177,395 ,and total loss is 2,416,531,769.


As you see, no evidence supporting the rumor that Osaka municipal subway is the cause of loss was proved.
We have to check the source of information in order not to be deceived.