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    Chemicals - Specialty
Nippon Carbon Co., Ltd.

Nippon Carbon Co., Ltd.

NCRBF
Nippon Carbon Co., Ltd.US flagOther OTC
29.93
USD
- -
- -
329.98MMarket Cap
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
2,677.13
2,602.16
2,553.86
2,065.19
2,528.16
4,347.32
4,061.27
2,422.19
2,858
3,241.58
3,429.07
3,434.75
3,413.42
3,492.56
Basic EPS, GAAP
61.04
70.55
95.11
-488.1
267.7
931.81
876.77
163.58
246.99
289.22
366.75
369.03
436.91
397.06
Free Cash Flow per Basic Share
135.8
300.95
64.88
-247.43
212.82
949.64
100.06
-92.18
534.53
358.21
7.06
46.51
71.55
- -
Dividend per Share
48.9
50.58
50.03
49.68
49.81
99.77
150.14
200.09
199.66
199.75
199.49
199.63
199.55
- -
Book Value per Share
1,998.59
2,019.62
2,089.6
1,589.54
1,811.77
2,629.92
3,352.62
3,315.71
3,367.45
3,454.1
3,621.14
3,787.67
4,023.19
3,728.44
Tangible Book Value per Share
3,168.87
3,221.64
3,226.46
2,764.29
3,047.28
3,850.54
4,654.31
4,590.79
4,705.49
4,796.32
5,203.77
5,487.04
5,741.25
5,442.7
Basic Weighted Avg Shares
11
11
11
11
11
11
11
11
11
11
11
11
11
11
Sales/Revenue/Turnover
30,439
29,580
28,891
22,903
27,964
48,017
44,931
26,802
31,578
35,799
37,867
37,956
37,735
38,571
Operating Margin (%)
2.32
4.77
7.14
-2.89
9.19
34.16
33
11.25
11.74
13.38
17.36
16.65
12.74
17.62
Depreciation Expense
2,860
2,667
2,474
2,342
1,570
1,553
1,847
2,193
2,385
2,484
2,666
2,986
3,534
- -
Net Income, GAAP
694
802
1,076
-5,413
2,961
10,292
9,700
1,810
2,729
3,194
4,050
4,078
4,830
4,385
Effective Tax Rate (%)
24.62
41.11
51.39
- -
- -
30.9
29.76
30.06
30.92
30.22
31.98
30.36
31.18
32.5
Profit Margin (%)
2.28
2.71
3.72
-23.63
10.59
21.43
21.59
6.75
8.64
8.92
10.7
10.74
12.8
11.37
Working Capital
13,963
15,910
16,321
17,211
18,667
25,562
29,882
27,448
28,372
28,371
29,493
27,781
30,443
29,200
LT Debt
897
906
2,160
7,095
5,977
4,867
3,637
2,562
1,387
200
278
196
180
194
Total Equity
36,100
36,687
36,615
30,808
33,904
42,732
51,652
50,996
52,255
53,209
57,680
60,817
63,606
60,307
Return on Invested Capital (%)
1.12
1.76
2.1
- -
- -
20.64
16.47
3.27
4.02
5.25
6.8
6.33
4.5
6.72
Return on Capital (%)
1.72
2.03
3.2
- -
- -
22.07
17.88
2.5
4.41
5.06
6.05
5.81
7.02
6.37
Return on Common Equity (%)
3.06
3.51
4.62
-26.23
15.72
41.93
29.33
4.91
7.39
8.48
10.37
9.97
11.19
10.94

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
8,576
8,576
9,076
LT Borrowings
278
236
194
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
46,752
50,176
53,334

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
47,416
46,436
48,050
Cash, Cash Equivalents & STI
14,527
13,037
13,612
Accounts Receivable, Net
11,703
10,434
11,691
Inventories
18,860
20,169
20,183
Total Current Liabilities
17,923
18,192
18,850
Payables & Accruals
- -
- -
- -
ST Debt
8,576
8,576
9,076
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.26%
4.55%
4.59%
Free Cash Flow
-79.28%
-39.44%
53.89%
Net Income, GAAP
-48.35%
22.75%
18.44%
Sales/Revenue/Turnover
6.29%
7.33%
-0.58%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8,438
10,362
- -
- -
37,956
2025
- -
- -
- -
- -
37,735
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
87.74
- -
- -
- -
369.03
2025
- -
- -
- -
- -
436.91
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
199.63
2025
- -
- -
- -
- -
199.55
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Takafumi Miyashita
Full Time Employees
661
Sector
Basic Materials
Industry
Chemicals - Specialty
Address
10-7, Hatchobori Tokyo Japan 104-0032
IPO Date
Jun 19, 2017
Website
carbon.co.jp
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Business
Nippon Carbon Co., Ltd. (NCRBF) manufactures and sells carbon-related materials, including isotropic graphite products such as high thermal conductivity graphite, high purity graphite, and general graphite used in semiconductor manufacturing equipment, solar cell production equipment, and electric vehicle battery components; carbon specialty products like carbon brushes for motors, carbon sliding materials for mechanical seals, and impervious graphite for corrosion-resistant heat exchangers; carbon fiber and composite materials including TOAGOSEI carbon fibers and CFPR (carbon fiber reinforced plastic) molded products; and impervious graphite heat exchangers under the Perma-Graph brand. The company operates primarily in Japan with additional facilities and sales networks in Asia, North America, and Europe, targeting industries such as semiconductors, automotive, aerospace, chemicals, and renewable energy. Founded in 1954 and headquartered in Chiyoda-ku, Tokyo, Japan, Nippon Carbon maintains subsidiaries including TOAGOSEI Co., Ltd. for carbon fiber operations and international sales offices to support global customer needs. In recent developments, the company expanded its production capacity for high-purity graphite in 2024 to meet surging demand from the semiconductor and EV battery sectors; formed a strategic partnership with a leading U.S. semiconductor equipment maker in early 2025 for co-development of advanced graphite components; and announced a capital investment of approximately JPY 5 billion for new facilities in response to supply chain diversification efforts amid global chip shortages.