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	Apr '26 Apr 30, 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	244,572	206,931	195,712	218,631	228,759	257,523
Market Cap Growth	47.05%	5.73%	-10.48%	-4.43%	-11.17%	-6.35%
Enterprise Value	396,245	372,031	332,272	356,970	362,144	382,036
Last Close Price	1145.50	969.20	889.58	962.70	976.38	1069.29
PE Ratio	12.18	10.31	-	8.59	10.20	15.99
Forward PE	18.67	11.19	11.25	10.20	9.52	8.98
PS Ratio	0.76	0.64	0.56	0.60	0.67	1.00
PB Ratio	0.69	0.59	0.60	0.61	0.76	1.00
P/TBV Ratio	0.95	0.81	0.88	1.05	1.53	2.43
P/FCF Ratio	16.56	14.01	17.93	13.08	-	28.25
P/OCF Ratio	4.38	3.70	3.04	3.52	5.55	6.76
PEG Ratio	-	-	2.29	1.06	0.35	0.04
EV/Sales Ratio	1.23	1.15	0.95	0.98	1.06	1.48
EV/EBITDA Ratio	6.78	6.37	5.44	4.70	4.79	7.01
EV/EBIT Ratio	15.33	14.39	17.14	9.22	8.92	15.50
EV/FCF Ratio	26.82	25.19	30.44	21.36	-	41.90
Debt / Equity Ratio	0.59	0.59	0.61	0.46	0.57	0.66
Debt / EBITDA Ratio	3.55	3.55	3.26	2.19	2.27	3.09
Debt / FCF Ratio	14.04	14.04	18.24	9.97	-	18.45
Net Debt / Equity Ratio	0.33	0.33	0.33	0.25	0.33	0.35
Net Debt / EBITDA Ratio	2.01	2.01	1.75	1.17	1.33	1.64
Net Debt / FCF Ratio	7.93	7.93	9.79	5.34	-36.11	9.81
Asset Turnover	0.50	0.50	0.55	0.60	0.63	0.53
Inventory Turnover	2.51	2.51	2.57	2.52	2.83	2.76
Quick Ratio	1.23	1.23	1.08	1.04	0.93	1.04
Current Ratio	2.04	2.04	1.83	1.92	1.68	1.65
Return on Equity (ROE)	6.87%	6.87%	-15.45%	8.70%	9.80%	8.35%
Return on Assets (ROA)	2.48%	2.48%	1.89%	3.98%	4.66%	3.17%
Return on Invested Capital (ROIC)	4.21%	4.31%	4.40%	6.23%	7.05%	6.41%
Return on Capital Employed (ROCE)	4.80%	4.80%	3.90%	7.70%	9.40%	6.50%
Earnings Yield	8.21%	9.70%	-28.99%	11.65%	9.80%	6.25%
FCF Yield	6.04%	7.14%	5.58%	7.64%	-1.22%	3.54%
Dividend Yield	2.62%	3.09%	3.37%	3.74%	3.07%	2.81%
Payout Ratio	31.90%	31.90%	-	27.62%	28.53%	39.71%
Buyback Yield / Dilution	-0.07%	-0.07%	-0.06%	-0.01%	-0.01%	-0.01%
Total Shareholder Return	2.55%	3.02%	3.31%	3.73%	3.07%	2.80%

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