Tokai Carbon Co., Ltd.

Factors to consider:

• Company pays dividends (annually): last record date 2025-12-31, amount 0.10$ (Y0.90%)
• Earnings for 15 months up through Q1 (+1 year) exceed our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [3.98$, 7.37$]
• 2025-12-31 to 2026-12-31 estimated range: [3.98$, 7.36$]

Financial Metrics affecting the TKCBF estimates:

• Negative: with PPE of -3.7 at the end of fiscal year the price was high
• Positive: Operating cash flow per share per price, % of 30.76 > 12.90
• Positive: -5.39 < Operating profit margin, % of 5.54
• Positive: 2.88 < Industry operating profit margin (median), % of 5.52
• Positive: -0.03 < Industry operating cash flow per share per price (median), % of 4.92
• Positive: Inventory ratio change, % of -0.76 <= -0.75
• Positive: Industry inventory ratio change (median), % of -0.31 <= -0.16
• Positive: Interest expense per share per price, % of 0.94 <= 3.31
• Negative: negative Net income