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
Period Ending	Feb '26 Feb 11, 2026	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
Market Capitalization	243,398	195,712	218,631	228,759	257,523	274,992
Market Cap Growth	31.72%	-10.48%	-4.43%	-11.17%	-6.35%	17.82%
Enterprise Value	408,498	332,272	356,970	362,144	382,036	397,384
Last Close Price	1140.00	889.58	962.70	976.38	1069.29	1117.29
PE Ratio	-	-	8.59	10.20	15.99	269.87
Forward PE	13.04	11.25	10.20	9.52	8.98	30.29
PS Ratio	0.74	0.56	0.60	0.67	1.00	1.36
PB Ratio	0.76	0.60	0.61	0.76	1.00	1.22
P/TBV Ratio	1.06	0.88	1.05	1.53	2.43	4.05
P/FCF Ratio	-	17.93	13.08	-	28.25	9.76
P/OCF Ratio	-	3.04	3.52	5.55	6.76	5.00
PEG Ratio	-	2.29	1.06	0.35	0.04	-
EV/Sales Ratio	1.24	0.95	0.98	1.06	1.48	1.97
EV/EBITDA Ratio	-	5.44	4.70	4.79	7.01	11.27
EV/EBIT Ratio	15.62	17.14	9.22	8.92	15.50	50.56
EV/FCF Ratio	-	30.44	21.36	-	41.90	14.10
Debt / Equity Ratio	0.65	0.61	0.46	0.57	0.66	0.71
Debt / EBITDA Ratio	-	3.26	2.19	2.27	3.09	4.50
Debt / FCF Ratio	-	18.24	9.97	-	18.45	5.63
Net Debt / Equity Ratio	0.41	0.33	0.25	0.33	0.35	0.41
Net Debt / EBITDA Ratio	-	1.75	1.17	1.33	1.64	2.59
Net Debt / FCF Ratio	-	9.79	5.34	-36.11	9.81	3.25
Asset Turnover	0.51	0.55	0.60	0.63	0.53	0.44
Inventory Turnover	2.48	2.57	2.52	2.83	2.76	2.02
Quick Ratio	1.04	1.08	1.04	0.93	1.04	1.17
Current Ratio	1.82	1.83	1.92	1.68	1.65	1.92
Return on Equity (ROE)	-	-15.45%	8.70%	9.80%	8.35%	1.67%
Return on Assets (ROA)	-	1.89%	3.98%	4.66%	3.17%	1.06%
Return on Invested Capital (ROIC)	5.73%	4.40%	6.23%	7.05%	6.41%	1.53%
Return on Capital Employed (ROCE)	5.20%	3.90%	7.70%	9.40%	6.50%	2.10%
Earnings Yield	-18.89%	-28.99%	11.65%	9.80%	6.25%	0.37%
FCF Yield	-	5.58%	7.64%	-1.22%	3.54%	10.25%
Dividend Yield	2.68%	3.37%	3.74%	3.07%	2.81%	2.69%
Payout Ratio	-	-	27.62%	28.53%	39.71%	815.80%
Buyback Yield / Dilution	-0.01%	-0.06%	-0.01%	-0.01%	-0.01%	-0.01%
Total Shareholder Return	2.68%	3.31%	3.73%	3.07%	2.80%	2.68%

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