Tokyo, Japan, June 22, 2022: The Organising Committee for the Olympic and Paralympic Games Tokyo 2020 has published its final financial report detailing its revenues and expenditures, which were balanced, and the overall financial results of the Tokyo 2020 Games.
Organising Committee budget
Thanks to the efforts made to increase revenues and continuously review expenditures, Tokyo 2020 achieved a balanced budget of JPY 640.4 billion (USD 5.8 billion).
The primary sources of revenue were:
*the IOC contribution of JPY 86.8 billion (USD 0.8 billion);
*TOP sponsorship of JPY 56.9 billion (USD 0.5 billion);
*local sponsorship of JPY 376.1 billion (USD 3.4 billion);
*an insurance payout of JPY 50.0 billion (USD 0.5 billion) for the postponement of the Games;
*and other sources of revenue, including licensing, which round up to the total.
As for the expenditure:
*JPY 195.5 billion (USD 1.8 billion) went on venue-related costs, such as temporary infrastructure (overlay) and technology;
*JPY 444.9 billion (USD 4.0 billion) went on service expenditures such as competition and venue operations, transport and security.
Total Games expenditures
Total Games expenditures, including those borne by the Government of Japan and the Tokyo Metropolitan Government, were JPY 1,423.8 billion (USD 13.0 billion). This was reduced by JPY 220.2 billion (USD 2.0 billion) from Tokyo 2020’s version five budget announced in December 2020, and JPY 29.2 billion (USD 0.3 billion) from the estimated Games budget announced in December 2021.
The breakdown of the total expenses is:
*JPY 864.9 billion (USD 7.9 billion) for venue-related expenditures, such as permanent venues, temporary infrastructure (overlay) and technology;
*JPY 523.6 billion (USD 4.8 billion) for service expenditures, such as competition and venue operations, transport and security; and
*JPY 35.3 billion (USD 0.3 billion) for COVID-19 countermeasures.
*The total expenses specifically related to the Paralympic Games are JPY 151.4 billion (USD 1.4 billion).
The IOC said that, through joint efforts to improve efficiency and advance simplification, even after the unexpected additional costs caused by the postponement and the COVID-19 countermeasures, the Tokyo 2020 Games were delivered with final expenditures of JPY 1,423.8 billion (USD 13.0 billion) - JPY 76.2 billion (USD 0.7 billion) less than the version one budget announced in December 2016.
Note: 109.89 is the average USD/JPY 2021 exchange rate as published by the Bank of Japan.
Source: www.ioc.org