Tokai Carbon Co., Ltd.

Tokai Carbon Co., Ltd.

10.50
EUR
-0.40
(-3.67%)
Nov 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
472.69
536.76
491.83
415.53
498.47
1,085.14
1,229.3
945.47
1,214.36
1,596.56
1,706.99
1,641.1
1,512.82
- -
Basic EPS, GAAP
5.68
12
11.65
-37.19
57.92
344.32
150.1
4.78
75.55
105.16
119.45
-264.76
94.05
- -
Free Cash Flow per Basic Share
11.26
20.4
68.25
56.81
27.43
164.16
79.9
130.38
40.07
-18.79
58.43
43.88
60.73
- -
Dividend per Share
6
6
6
6
9
18
36
39
30
30
33
32.98
30
- -
Book Value per Share
567.18
609.59
576.55
520.68
592.82
877.96
993.82
944.15
1,075.18
1,260.93
1,521.88
1,354.45
1,491.08
1,588.8
Tangible Book Value per Share
565.01
543.45
523.43
471.26
516.15
588
327.79
318.61
496.57
703.51
972.9
1,038.65
1,202.94
1,304.56
Basic Weighted Avg Shares
214
213
213
213
213
213
213
213
213
213
213
213
213
212
Sales/Revenue/Turnover
100,935
114,576
104,864
88,580
106,252
231,302
262,028
201,542
258,874
340,371
363,946
350,114
322,960
- -
Operating Margin (%)
1.64
3.23
3.9
1.28
10.44
31.59
20.74
3.9
9.52
11.92
10.64
5.54
8
- -
Depreciation Expense
8,676
8,919
9,668
8,496
7,107
12,308
22,708
27,402
29,871
34,982
37,220
41,733
32,592
- -
Net Income, GAAP
1,213
2,562
2,484
-7,929
12,346
73,393
31,994
1,019
16,105
22,418
25,468
-56,485
20,078
- -
Effective Tax Rate (%)
61.59
40.25
64.6
- -
18.86
22.48
33.53
37.33
13.91
35.1
31.53
- -
24.72
- -
Profit Margin (%)
1.2
2.24
2.37
-8.95
11.62
31.73
12.21
0.51
6.22
6.59
7
-16.13
6.22
- -
Working Capital
48,599
49,788
56,842
48,617
48,574
72,566
78,905
85,022
84,731
99,995
125,919
122,428
132,102
148,385
LT Debt
5,044
16,713
14,398
4,137
2,068
8,000
79,666
106,764
93,539
90,706
99,939
125,171
139,245
156,759
Total Equity
123,230
132,341
124,968
112,986
127,127
207,832
232,973
224,815
256,568
300,865
360,100
324,737
352,843
356,204
Return on Invested Capital (%)
0.45
1.37
0.89
- -
6.52
27.34
11.04
1.28
5.19
5.8
5.24
- -
3.57
- -
Return on Capital (%)
1.1
1.86
1.75
- -
9.04
36.42
9.49
-0.31
3.22
4.05
4.64
- -
3.51
- -
Return on Common Equity (%)
1.05
2.04
1.96
-6.78
10.4
46.82
16.04
0.49
7.48
9
8.59
-18.41
6.61
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
62,727
- -
60,438
LT Borrowings
115,895
- -
147,885
LT Finance Leases
- -
- -
8,874
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
213
214
202
Market Capitalization
- -
- -
- -

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
276,334
- -
267,457
Cash, Cash Equivalents & STI
77,390
- -
86,404
Accounts Receivable, Net
73,624
- -
70,807
Inventories
116,258
- -
101,398
Total Current Liabilities
124,122
- -
119,072
Payables & Accruals
- -
- -
- -
ST Debt
62,727
- -
60,438
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.49%
9.98%
8.66%
Free Cash Flow
-17.17%
-122.69%
38.5%
Net Income, GAAP
74.23%
215.19%
-135.55%
Sales/Revenue/Turnover
16.76%
11.06%
-7.76%
Total Cash Common Dividend
- -
- -
-8.98%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
82,161
88,761
- -
- -
350,114
2025
- -
- -
- -
- -
322,960
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7.63
9.54
- -
- -
-264.76
2025
- -
- -
- -
- -
94.05
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
32.98
2025
- -
- -
- -
- -
30
2026
- -
- -
- -
- -
- -

Company Description

CEO
Hajime Nagasaka
Full Time Employees
4,436
Sector
Producer manufacturing
Industry
Electrical products
Address
Aoyama Building Tokyo TY Japan 107-8636
IPO Date
May 16, 1949
Business
Tokai Carbon Co., Ltd. manufactures and sells a broad range of carbon-based products for industrial applications worldwide. The company produces graphite electrodes for electric arc furnaces in steelmaking; carbon black brands including SEAST, TOKABLACK, Thermax, and Hydrophilic Carbon Black primarily for tires and rubber reinforcement; fine carbon products such as isotropic graphite G/HK series, extruded graphite, SiC coated carbon, C/C composites, glassy carbon, solid SiC, carbon brushes, and resin-impregnated graphite for semiconductors, solar cells, and general industry; smelting and lining materials through Tokai COBEX; industrial furnaces and related products like EREMA silicon carbide heating elements and super refractories; friction materials for brakes, clutches, and machinery; and anode materials for lithium-ion batteries. Founded in 1918 and headquartered in Tokyo, Japan, Tokai Carbon operates manufacturing plants and subsidiaries across Japan, North America, Asia including Thailand and Korea, Europe, and other regions, serving sectors such as steel, automotive, electronics, energy, and aerospace. In 2025, the company completed the acquisition of Bridgestone Carbon Black (Thailand) Co., Ltd., renaming it Thai Tokai Carbon Product Co., Ltd. in partnership with its subsidiary Thai Tokai Carbon Product to bolster global carbon black production and supply stability under Vision 2030; acquired KBR Inc. and MWI Inc. in 2024; and announced a reorganization of its U.S. fine carbon subsidiaries into Tokai Carbon GS Inc. effective January 2026 to streamline operations and enhance governance.