Tokai Carbon Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	64,327	92,207	77,465	70,909	78,858
Short-Term Investments	25,829	-	-	-	-
Cash & Short-Term Investments	90,156	92,207	77,465	70,909	78,858
Cash Growth	-2.22%	19.03%	9.25%	-10.08%	17.39%
Receivables	65,066	67,736	64,630	64,923	56,434
Inventory	93,296	100,739	109,331	101,330	72,478
Other Current Assets	10,310	9,681	11,464	9,529	7,379
Total Current Assets	258,828	270,363	262,890	246,691	215,149
Property, Plant & Equipment	290,426	264,582	223,804	181,948	144,165
Long-Term Investments	40,257	38,418	35,766	26,776	26,218
Goodwill	26,684	37,548	49,212	52,837	55,553
Other Intangible Assets	34,834	28,793	67,839	66,002	67,796
Long-Term Deferred Tax Assets	1,645	1,048	492	2,210	3,620
Other Long-Term Assets	7,481	1	2	1	2
Total Assets	664,033	640,753	640,005	576,465	512,503
Accounts Payable	20,381	26,636	29,469	32,272	26,228
Accrued Expenses	4,144	3,297	4,432	3,887	2,777
Short-Term Debt	54,814	65,716	67,000	70,940	52,000
Current Portion of Long-Term Debt	13,282	8,223	3,218	9,805	22,710
Current Income Taxes Payable	2,508	3,848	3,983	5,673	5,913
Current Unearned Revenue	2,089	-	-	-	-
Other Current Liabilities	29,508	40,009	28,869	24,119	20,790
Total Current Liabilities	126,726	147,729	136,971	146,696	130,418
Long-Term Debt	130,015	117,301	96,424	90,706	93,539
Long-Term Leases	9,230	7,870	-	-	-
Pension & Post-Retirement Benefits	4,948	7,889	7,874	6,730	7,488
Long-Term Deferred Tax Liabilities	35,935	29,976	30,251	24,171	18,499
Other Long-Term Liabilities	4,336	4,830	8,382	7,295	5,990
Total Liabilities	311,190	315,595	279,902	275,598	255,934
Common Stock	20,436	20,436	20,436	20,436	20,436
Additional Paid-In Capital	9,388	10,690	13,825	13,811	17,350
Retained Earnings	160,334	146,410	210,183	191,750	175,727
Treasury Stock	-7,047	-7,068	-7,225	-7,236	-7,244
Comprehensive Income & Other	135,244	119,090	87,272	50,065	22,940
Total Common Equity	318,355	289,558	324,491	268,826	229,209
Minority Interest	34,488	35,600	35,612	32,041	27,360
Shareholders' Equity	352,843	325,158	360,103	300,867	256,569
Total Liabilities & Equity	664,033	640,753	640,005	576,465	512,503
Total Debt	207,341	199,110	166,642	171,451	168,249
Net Cash (Debt)	-117,185	-106,903	-89,177	-100,542	-89,391
Net Cash Per Share	-548.89	-501.09	-418.26	-471.61	-419.33
Filing Date Shares Outstanding	213.51	213.47	213.22	213.19	213.18
Total Common Shares Outstanding	213.51	213.47	213.22	213.19	213.18
Working Capital	132,102	122,634	125,919	99,995	84,731
Book Value Per Share	1491.08	1356.42	1521.89	1260.94	1075.19
Tangible Book Value	256,837	223,217	207,440	149,987	105,860
Tangible Book Value Per Share	1202.95	1045.65	972.91	703.52	496.57
Order Backlog	-	9,832	14,131	15,249	17,977

Source: S&P Global Market Intelligence. Standard template. Financial Sources.