| Type | Stock company (KK) |
|---|---|
| Industry | Rail transport |
| Founded | March 12, 1991 |
| Headquarters | Kōtō, Tokyo, Japan |
| Area served | Tokyo |
| Key people | Hiroyasu Kawasaki, Representative Director and CEO |
| Services | Rinkai Line rail service |
| Revenue | 15.588 billion yen (FY2008)[1] |
| Operating income | 1.623 billion yen (FY2008)[1] |
| Net income | -2.503 billion yen (FY2008)[1] |
| Total assets | 303.408 billion yen (FY2008)[1] |
| Owner(s) | Tokyo Metropolis (91.32%) East Japan Railway Company (2.41%) Shinagawa City (1.77%) Mizuho Bank (0.70%) (as of March 31, 2009) |
| Employees | 247 |
| Website | www.twr.co.jp |
Tokyo Waterfront Area Rapid Transit, Inc. (東京臨海高速鉄道株式会社 Tōkyō Rinkai Kōsoku Tetsudō Kabushiki-gaisha) is a third-sector company that owns and operates the Rinkai Line. The company was founded on March 12, 1991 for the express purpose of constructing and operating the railway line, which connects central Tokyo with Odaiba. As a third-sector company, 91% of shares are held by the Tokyo Metropolitan Government, 2.41% by East Japan Railway Company, and 1.77% by the city of Shinagawa.
In addition to its ownership and operation of the Rinkai Line, the company is also involved in real estate and subcontracting/management of station- and building-related design.
The construction of the Rinkai Line ran severely over budget, with an estimated final cost of over ¥440 billion.[2] In 2005, the Rinkai Line's average ridership was 140,000 passengers per day and, in 2006, the line finally registered its first operational profit (that is, excluding interest payments on ¥389 billion yen in debt). Although the company makes an operating profit (2.077 billion yen as of 2008), these interest payments have resulted in a consistent net loss since 1991.
In spite of its severe financial situation, the company was discovered to have made a five million yen donation to the Tokyo Metropolitan Government on October 16, 2009 to encourage the city's bid for the 2016 Olympic Games.[3] The company stood to benefit financially if the games were held in Tokyo, as several of the proposed venues were located along the company's Rinkai Line.