Investor Presentaiton

FY2014-FY2016 Cash Flows TOKAI has created ¥41.3 billion in free cash flows, as underlying assets for debt repayments or shareholder returns ■ As regards cash flows during FY2014-FY2016, operating cash flows should exceed IP16 and free cash flows should also exceed plan targets. ■ Free cash flows are forecast to significantly exceed ¥3 billion. (Units: billion) Operations cash flows 70.8 Free cash flows 37.8 Investment cash flows 33.0 Operations cash flows 72.9 Free cash flows 41.3 Investment cash flows 31.6 Innovation Plan 2016 "Growing" FY2014 results and FY2015-FY2016 plan (Disclosed in June 2014) (FY2015 forecast was disclosed in May 2015, FY2016 plan was disclosed in June 2014) 9

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