Tokai Carbon Ratios and Metrics

Market cap in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Oct '25 Oct 9, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	237,206	195,712	218,631	228,759	257,523	274,992	Upgrade
Market Cap Growth	33.62%	-10.48%	-4.43%	-11.17%	-6.35%	17.82%	Upgrade
Enterprise Value	397,008	332,272	356,970	362,144	382,036	397,384	Upgrade
Last Close Price	1111.00	903.30	977.54	991.43	1085.78	1134.51	Upgrade
PE Ratio	-	-	8.59	10.20	15.99	269.87	Upgrade
Forward PE	13.91	11.25	10.20	9.52	8.98	30.29	Upgrade
PS Ratio	0.70	0.56	0.60	0.67	1.00	1.36	Upgrade
PB Ratio	0.77	0.60	0.61	0.76	1.00	1.22	Upgrade
P/TBV Ratio	1.10	0.88	1.05	1.53	2.43	4.05	Upgrade
P/FCF Ratio	12.34	17.93	13.08	-	28.25	9.76	Upgrade
P/OCF Ratio	3.45	3.04	3.52	5.55	6.76	5.00	Upgrade
PEG Ratio	-	2.29	1.06	0.35	0.04	-	Upgrade
EV/Sales Ratio	1.18	0.95	0.98	1.06	1.48	1.97	Upgrade
EV/EBITDA Ratio	6.51	5.44	4.70	4.79	7.01	11.27	Upgrade
EV/EBIT Ratio	15.43	17.14	9.22	8.92	15.50	50.56	Upgrade
EV/FCF Ratio	20.65	30.44	21.36	-	41.90	14.10	Upgrade
Debt / Equity Ratio	0.65	0.61	0.46	0.57	0.66	0.71	Upgrade
Debt / EBITDA Ratio	3.30	3.26	2.19	2.27	3.09	4.50	Upgrade
Debt / FCF Ratio	10.33	18.24	9.97	-	18.45	5.63	Upgrade
Asset Turnover	0.52	0.55	0.60	0.63	0.53	0.44	Upgrade
Inventory Turnover	2.44	2.57	2.52	2.83	2.76	2.02	Upgrade
Quick Ratio	1.06	1.08	1.04	0.93	1.04	1.17	Upgrade
Current Ratio	1.87	1.83	1.92	1.68	1.65	1.92	Upgrade
Return on Equity (ROE)	-13.64%	-15.45%	8.70%	9.80%	8.35%	1.67%	Upgrade
Return on Assets (ROA)	2.39%	1.89%	3.98%	4.66%	3.17%	1.06%	Upgrade
Return on Capital (ROIC)	2.87%	2.31%	4.85%	5.66%	3.81%	1.29%	Upgrade
Return on Capital Employed (ROCE)	5.20%	3.90%	7.70%	9.40%	6.50%	2.10%	Upgrade
Earnings Yield	-21.86%	-28.99%	11.65%	9.80%	6.25%	0.37%	Upgrade
FCF Yield	8.11%	5.58%	7.64%	-1.22%	3.54%	10.25%	Upgrade
Dividend Yield	2.70%	3.32%	3.68%	3.03%	2.76%	2.64%	Upgrade
Payout Ratio	-	-	27.62%	28.53%	39.71%	815.80%	Upgrade
Buyback Yield / Dilution	-0.12%	-0.06%	-0.01%	-0.01%	-0.01%	-0.01%	Upgrade
Total Shareholder Return	2.58%	3.26%	3.67%	3.02%	2.76%	2.64%	Upgrade

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.