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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 22, 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
Market Capitalization	331,123	206,931	195,712	218,631	228,759	257,523
Market Cap Growth	76.89%	5.73%	-10.48%	-4.43%	-11.17%	-6.35%
Enterprise Value	483,520	372,031	332,272	356,970	362,144	382,036
Last Close Price	1636.50	969.20	889.58	962.70	976.38	1069.29
PE Ratio	18.69	10.31	-	8.59	10.20	15.99
Forward PE	22.89	11.19	11.25	10.20	9.52	8.98
PS Ratio	1.02	0.64	0.56	0.60	0.67	1.00
PB Ratio	0.94	0.59	0.60	0.61	0.76	1.00
P/TBV Ratio	1.29	0.81	0.88	1.05	1.53	2.43
P/FCF Ratio	-	14.01	17.93	13.08	-	28.25
P/OCF Ratio	-	3.70	3.04	3.52	5.55	6.76
PEG Ratio	-	-	2.29	1.06	0.04	0.04
EV/Sales Ratio	1.49	1.15	0.95	0.98	1.06	1.48
EV/EBITDA Ratio	8.71	6.37	5.44	4.70	4.79	7.01
EV/EBIT Ratio	19.17	14.39	17.14	9.22	8.92	15.50
EV/FCF Ratio	-	25.19	30.44	21.36	-	41.90
Debt / Equity Ratio	0.58	0.59	0.61	0.46	0.57	0.66
Debt / EBITDA Ratio	3.68	3.55	3.26	2.19	2.27	3.09
Debt / FCF Ratio	-	14.04	18.24	9.97	-	18.45
Net Debt / Equity Ratio	0.34	0.33	0.33	0.25	0.33	0.35
Net Debt / EBITDA Ratio	2.12	2.01	1.75	1.17	1.33	1.64
Net Debt / FCF Ratio	-	7.93	9.79	5.34	-36.11	9.81
Asset Turnover	0.51	0.50	0.55	0.60	0.63	0.53
Inventory Turnover	2.50	2.51	2.57	2.52	2.83	2.76
Quick Ratio	1.56	1.23	1.08	1.04	0.93	1.04
Current Ratio	2.66	2.04	1.83	1.92	1.68	1.65
Return on Equity (ROE)	6.71%	6.87%	-15.45%	8.70%	9.80%	8.35%
Return on Assets (ROA)	2.47%	2.48%	1.89%	3.98%	4.66%	3.17%
Return on Invested Capital (ROIC)	3.85%	4.31%	4.40%	6.23%	7.05%	6.41%
Return on Capital Employed (ROCE)	4.50%	4.80%	3.90%	7.70%	9.40%	6.50%
Earnings Yield	5.65%	9.70%	-28.99%	11.65%	9.80%	6.25%
FCF Yield	-	7.14%	5.58%	7.64%	-1.22%	3.54%
Dividend Yield	2.46%	3.09%	3.37%	3.74%	3.07%	2.81%
Payout Ratio	-	31.90%	-	27.62%	28.53%	39.71%
Buyback Yield / Dilution	-0.05%	-0.07%	-0.06%	-0.01%	-0.01%	-0.01%
Total Shareholder Return	2.41%	3.02%	3.31%	3.73%	3.07%	2.80%

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