What does Tokai do with its cash?

Cash conversion (operating CF ÷ operating income)

122.0%

Cash vs. profit gap

¥5.37B（純利益の 88.5%）

Shareholder returns

of net income 139.2% · of FCF 114.5%

Shareholder payments — dividends

of net income 35.1% · of FCF 28.9%

CapEx intensity (capex ÷ revenue)

2.5%

Investing CF relative to operating CF

37.0%

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.