Tokai Kisen Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Net Income	601	554	-613	292	239
Depreciation & Amortization	1,215	1,303	1,325	1,334	1,169
Loss (Gain) From Sale of Assets	178	213	137	177	-
Loss (Gain) on Equity Investments	-	-	-	-	74
Other Operating Activities	-244	2	-132	-63	-25
Change in Accounts Receivable	-270	118	120	212	-187
Change in Inventory	-98	-51	-107	-107	-91
Change in Accounts Payable	-333	176	75	116	-295
Change in Other Net Operating Assets	-364	-84	-417	174	631
Operating Cash Flow	685	2,231	388	2,135	1,515
Operating Cash Flow Growth	-69.30%	475.00%	-81.83%	40.92%	-
Capital Expenditures	-307	-771	-369	-479	-470
Sale of Property, Plant & Equipment	-4	-	2	9	-
Cash Acquisitions	-	-	-	-	1,822
Sale (Purchase) of Intangibles	-59	-38	-10	-149	-12
Investment in Securities	-	-	3	-	-67
Other Investing Activities	125	253	226	164	265
Investing Cash Flow	-249	-556	-147	-455	1,534
Short-Term Debt Issued	27	257	421	95	-
Long-Term Debt Issued	30	-	130	347	255
Total Debt Issued	57	257	551	442	255
Short-Term Debt Repaid	-	-	-	-	-954
Long-Term Debt Repaid	-1,682	-1,175	-1,293	-1,133	-571
Total Debt Repaid	-1,682	-1,175	-1,293	-1,133	-1,525
Net Debt Issued (Repaid)	-1,625	-918	-742	-691	-1,270
Common Dividends Paid	-21	-	-	-	-
Other Financing Activities	-11	-8	-2	-1	-1
Financing Cash Flow	-1,657	-926	-744	-692	-1,271
Miscellaneous Cash Flow Adjustments	-	-1	-	-2	-
Net Cash Flow	-1,221	748	-503	986	1,778
Free Cash Flow	378	1,460	19	1,656	1,045
Free Cash Flow Growth	-74.11%	7584.21%	-98.85%	58.47%	-
Free Cash Flow Margin	2.65%	10.00%	0.14%	11.89%	9.67%
Free Cash Flow Per Share	172.24	665.24	8.66	754.54	476.12
Cash Interest Paid	139	131	121	129	121
Cash Income Tax Paid	242	-	130	65	31
Levered Free Cash Flow	233.25	1,224	300.38	1,231	1,388
Unlevered Free Cash Flow	319.5	1,306	375.38	1,312	1,467
Change in Working Capital	-1,065	159	-329	395	58

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.