Tokai Kisen Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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
Net Income	554	-613	292	239	-408	Upgrade
Depreciation & Amortization	1,303	1,325	1,334	1,169	898	Upgrade
Loss (Gain) From Sale of Assets	213	137	177	-	3,380	Upgrade
Loss (Gain) on Equity Investments	-	-	-	74	-36	Upgrade
Other Operating Activities	2	-132	-63	-25	-78	Upgrade
Change in Accounts Receivable	118	120	212	-187	-414	Upgrade
Change in Inventory	-51	-107	-107	-91	-11	Upgrade
Change in Accounts Payable	176	75	116	-295	-45	Upgrade
Change in Other Net Operating Assets	-84	-417	174	631	-4,012	Upgrade
Operating Cash Flow	2,231	388	2,135	1,515	-726	Upgrade
Operating Cash Flow Growth	475.00%	-81.83%	40.92%	-	-	Upgrade
Capital Expenditures	-771	-369	-479	-470	-4,159	Upgrade
Sale of Property, Plant & Equipment	-	2	9	-	294	Upgrade
Cash Acquisitions	-	-	-	1,822	-	Upgrade
Sale (Purchase) of Intangibles	-38	-10	-149	-12	-6	Upgrade
Investment in Securities	-	3	-	-67	-	Upgrade
Other Investing Activities	253	226	164	265	1,731	Upgrade
Investing Cash Flow	-556	-147	-455	1,534	-2,118	Upgrade
Short-Term Debt Issued	257	421	95	-	722	Upgrade
Long-Term Debt Issued	-	130	347	255	2,883	Upgrade
Total Debt Issued	257	551	442	255	3,605	Upgrade
Short-Term Debt Repaid	-	-	-	-954	-	Upgrade
Long-Term Debt Repaid	-1,175	-1,293	-1,133	-571	-219	Upgrade
Total Debt Repaid	-1,175	-1,293	-1,133	-1,525	-219	Upgrade
Net Debt Issued (Repaid)	-918	-742	-691	-1,270	3,386	Upgrade
Common Dividends Paid	-	-	-	-	-44	Upgrade
Other Financing Activities	-8	-2	-1	-1	-1	Upgrade
Financing Cash Flow	-926	-744	-692	-1,271	3,341	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-	-2	-	-1	Upgrade
Net Cash Flow	748	-503	986	1,778	496	Upgrade
Free Cash Flow	1,460	19	1,656	1,045	-4,885	Upgrade
Free Cash Flow Growth	7584.21%	-98.85%	58.47%	-	-	Upgrade
Free Cash Flow Margin	10.00%	0.14%	11.89%	9.67%	-54.46%	Upgrade
Free Cash Flow Per Share	665.24	8.66	754.54	476.12	-2225.67	Upgrade
Cash Interest Paid	131	121	129	121	102	Upgrade
Cash Income Tax Paid	-	130	65	31	71	Upgrade
Levered Free Cash Flow	1,224	300.38	1,231	1,388	-5,143	Upgrade
Unlevered Free Cash Flow	1,306	375.38	1,312	1,467	-5,083	Upgrade
Change in Working Capital	159	-329	395	58	-4,482	Upgrade

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