Tokai Carbon Income Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Revenue	324,334	322,960	350,114	363,946	340,371	258,874
Revenue Growth (YoY)	-6.88%	-7.76%	-3.80%	6.93%	31.48%	28.45%
Cost of Revenue	244,149	243,220	269,478	265,218	246,318	188,142
Gross Profit	80,185	79,740	80,636	98,728	94,053	70,732
Selling, General & Admin	54,958	44,434	42,821	42,763	37,663	31,397
Amortization of Goodwill & Intangibles	-	4,892	8,705	8,155	7,522	6,971
Operating Expenses	54,958	53,890	61,248	59,998	53,463	46,085
Operating Income	25,227	25,850	19,388	38,730	40,590	24,647
Interest Expense	-2,502	-2,837	-1,965	-1,565	-1,042	-1,043
Interest & Investment Income	3,110	3,118	2,559	2,115	1,344	874
Earnings From Equity Investments	-	-	1,165	427	332	112
Currency Exchange Gain (Loss)	1,470	292	2,023	2,275	2,162	657
Other Non Operating Income (Expenses)	-1,114	-112	-591	-377	-866	-479
EBT Excluding Unusual Items	26,191	26,311	22,579	41,605	42,520	24,768
Gain (Loss) on Sale of Investments	4,193	4,199	6,592	386	268	29
Gain (Loss) on Sale of Assets	21	13	60	175	88	211
Asset Writedown	-399	-545	-68,859	-170	-624	-489
Other Unusual Items	-92	939	-8,018	-	-142	-1,166
Pretax Income	30,852	30,917	-47,646	41,996	42,110	23,353
Income Tax Expense	8,747	7,644	5,304	13,243	14,782	3,248
Earnings From Continuing Operations	22,105	23,273	-52,950	28,753	27,328	20,105
Minority Interest in Earnings	-3,411	-3,195	-3,786	-3,285	-4,910	-4,000
Net Income	18,694	20,078	-56,736	25,468	22,418	16,105
Net Income to Common	18,694	20,078	-56,736	25,468	22,418	16,105
Net Income Growth	-	-	-	13.61%	39.20%	1480.47%
Shares Outstanding (Basic)	214	213	213	213	213	213
Shares Outstanding (Diluted)	214	213	213	213	213	213
Shares Change (YoY)	0.05%	0.07%	0.06%	0.01%	0.01%	0.01%
EPS (Basic)	87.56	94.04	-265.94	119.45	105.16	75.55
EPS (Diluted)	87.56	94.04	-265.94	119.45	105.16	75.55
EPS Growth	-	-	-	13.59%	39.19%	1480.38%
Free Cash Flow	-	14,772	10,915	16,712	-2,784	9,117
Free Cash Flow Per Share	-	69.19	51.16	78.38	-13.06	42.77
Dividend Per Share	30.000	30.000	30.000	36.000	30.000	30.000
Dividend Growth	-	-	-16.67%	20.00%	-	-
Gross Margin	24.72%	24.69%	23.03%	27.13%	27.63%	27.32%
Operating Margin	7.78%	8.00%	5.54%	10.64%	11.92%	9.52%
Profit Margin	5.76%	6.22%	-16.20%	7.00%	6.59%	6.22%
Free Cash Flow Margin	-	4.57%	3.12%	4.59%	-0.82%	3.52%
EBITDA	55,534	58,442	61,121	75,950	75,572	54,518
EBITDA Margin	17.12%	18.10%	17.46%	20.87%	22.20%	21.06%
D&A For EBITDA	30,307	32,592	41,733	37,220	34,982	29,871
EBIT	25,227	25,850	19,388	38,730	40,590	24,647
EBIT Margin	7.78%	8.00%	5.54%	10.64%	11.92%	9.52%
Effective Tax Rate	28.35%	24.72%	-	31.53%	35.10%	13.91%

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