What does Tohbu Network do with its cash?

Cash conversion (operating CF ÷ operating income)

296.9%

Cash vs. profit gap

¥502.6M（純利益の 167.2%）

Shareholder returns

of net income 70.4% · of FCF 269.9%

Shareholder payments — dividends

of net income 28.5% · of FCF 109.3%

CapEx intensity (capex ÷ revenue)

7.2%

Investing CF relative to operating CF

81.2%

Nonpositive profit and free cash flow are omitted as ratio denominators. Amounts use the period's reported currency.

• Operating cash flow is the cash the core business actually brought in, including changes in receivables and inventory.
• Free cash flow = operating cash flow − capital expenditure: a gauge of cash available for other uses.
• Large "borrowing" or "cash drawdown" flows mean the company spent more than it generated that year.