What exactly is being built near Togoshi-koen Station?

Tokyo approved an Oimachi Line grade separation that elevates tracks near Togoshi-koen Station and removes six level crossings. The goal is to improve safety, cut delays from gate closures, and ease road congestion. Elevated tracks separate trains from cars, buses, cyclists, and pedestrians, supporting more reliable service and smoother neighborhood traffic.

How much does the project cost and who pays for it?

The plan is budgeted at ¥42.7 billion. In Japan, these projects often use public works frameworks with operator involvement, though exact cost sharing varies by project. Final details are typically disclosed in government and company documents as designs are set and construction contracts are awarded.

When will the Oimachi Line grade separation be completed?

The target is FY2035. Work will proceed in phases to keep trains running, starting with utility and foundation preparation, then moving to elevated structures and station improvements. Specific milestone dates will be communicated as permits, contracts, and construction sequencing are finalized.

How could this affect Tokyu Corporation’s earnings over time?

Near term, impact is modest because spend is phased and capitalized, with depreciation starting after completion. Over time, fewer delays and safer access can support ridership, retail turnover, and potential station-area upgrades. That can lift recurring cash flow and improve earnings quality once the elevated alignment enters service.

Global Market Insights

Tokyu Corporation February 8: ¥42.7bn Oimachi Line Grade Separation

ByDanny Kontos February 8, 2026February 8, 2026

Tokyu Corporation secured Tokyo approval for a ¥42.7 billion Oimachi Line grade separation near Togoshi-koen Station, aiming to remove six congested level crossings by FY2035. The plan elevates tracks to improve safety, cut delays, and smooth traffic in Shinagawa Ward. For investors, the long-dated project fits the group’s rail plus property model, which benefits from higher reliability and better station access. Spending will phase over many years, limiting near-term earnings swings while supporting long-term cash flow across core Tokyo rail infrastructure.