Tokai Carbon Co., Ltd. (TYO:5301)

Tokai Carbon Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	328,791	350,114	363,946	340,371	258,874	201,542
Revenue Growth (YoY)	-7.36%	-3.80%	6.93%	31.48%	28.45%	-23.08%
Cost of Revenue	249,264	269,478	265,218	246,318	188,142	151,987
Gross Profit	79,527	80,636	98,728	94,053	70,732	49,555
Selling, General & Admin	54,050	42,821	42,763	37,663	31,397	25,320
Research & Development	-	-	-	-	-	2,660
Amortization of Goodwill & Intangibles	-	8,705	8,155	7,522	6,971	6,512
Operating Expenses	54,050	61,248	59,998	53,463	46,085	41,696
Operating Income	25,477	19,388	38,730	40,590	24,647	7,859
Interest Expense	-2,359	-1,965	-1,565	-1,042	-1,043	-952
Interest & Investment Income	2,976	2,559	2,115	1,344	874	728
Earnings From Equity Investments	669	1,165	427	332	112	124
Currency Exchange Gain (Loss)	1,220	2,023	2,275	2,162	657	-282
Other Non Operating Income (Expenses)	-440	-591	-377	-866	-479	-1,215
EBT Excluding Unusual Items	27,543	22,579	41,605	42,520	24,768	6,262
Gain (Loss) on Sale of Investments	4,167	6,592	386	268	29	-
Gain (Loss) on Sale of Assets	33	60	175	88	211	768
Asset Writedown	-69,043	-68,859	-170	-624	-489	-643
Other Unusual Items	6,549	-8,018	-	-142	-1,166	-272
Pretax Income	-37,689	-47,646	41,996	42,110	23,353	6,115
Income Tax Expense	4,991	5,304	13,243	14,782	3,248	2,283
Earnings From Continuing Operations	-42,680	-52,950	28,753	27,328	20,105	3,832
Minority Interest in Earnings	-3,286	-3,786	-3,285	-4,910	-4,000	-2,813
Net Income	-45,966	-56,736	25,468	22,418	16,105	1,019
Net Income to Common	-45,966	-56,736	25,468	22,418	16,105	1,019
Net Income Growth	-	-	13.61%	39.20%	1480.47%	-96.81%
Shares Outstanding (Basic)	213	213	213	213	213	213
Shares Outstanding (Diluted)	213	213	213	213	213	213
Shares Change (YoY)	0.01%	0.06%	0.01%	0.01%	0.01%	0.01%
EPS (Basic)	-215.31	-265.94	119.45	105.16	75.55	4.78
EPS (Diluted)	-215.31	-265.94	119.45	105.16	75.55	4.78
EPS Growth	-	-	13.59%	39.19%	1480.38%	-96.81%
Free Cash Flow	-	10,915	16,712	-2,784	9,117	28,183
Free Cash Flow Per Share	-	51.16	78.38	-13.06	42.77	132.21
Dividend Per Share	30.000	30.000	36.000	30.000	30.000	30.000
Dividend Growth	-9.09%	-16.67%	20.00%	-	-	-37.50%
Gross Margin	24.19%	23.03%	27.13%	27.63%	27.32%	24.59%
Operating Margin	7.75%	5.54%	10.64%	11.92%	9.52%	3.90%
Profit Margin	-13.98%	-16.20%	7.00%	6.59%	6.22%	0.51%
Free Cash Flow Margin	-	3.12%	4.59%	-0.82%	3.52%	13.98%
EBITDA	-	61,121	75,950	75,572	54,518	35,261
EBITDA Margin	-	17.46%	20.87%	22.20%	21.06%	17.50%
D&A For EBITDA	45,118	41,733	37,220	34,982	29,871	27,402
EBIT	25,477	19,388	38,730	40,590	24,647	7,859
EBIT Margin	7.75%	5.54%	10.64%	11.92%	9.52%	3.90%
Effective Tax Rate	-	-	31.53%	35.10%	13.91%	37.33%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.