1. Japan Stocks

  2. •

    Basic Materials

  3. •

    Chemicals - Specialty
Nippon Carbon Co., Ltd.

Nippon Carbon Co., Ltd.

NCRBF
Nippon Carbon Co., Ltd.US flagOther OTC
29.93
USD
- -
- -
329.98MMarket Cap
Nippon Carbon Co., Ltd.
NCRBF
(Other OTC)

Recent

price

29.93

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3,077.76
3,308.95
2,669.62
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
Revenue per Share
149.09
181.33
37.38
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
Basic EPS, GAAP
439.35
402.23
-130.95
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
- -
Free Cash Flow per Basic Share
49.58
49.69
49.69
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
- -
Dividend per Share
1,869.67
2,001.74
1,989.2
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
Book Value per Share
2,797.08
2,935.12
3,087.09
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
Tangible Book Value per Share
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
Basic Weighted Avg Shares
35,012
37,628
30,356
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
Sales/Revenue/Turnover
10.78
12.53
5.63
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
Operating Margin (%)
3,516
3,237
3,362
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
- -
Depreciation Expense
1,696
2,062
425
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
Net Income, GAAP
44.7
42.43
47.92
24.62
41.11
51.39
- -
- -
30.9
29.76
30.06
30.92
30.22
31.98
30.36
31.18
32.5
Effective Tax Rate (%)
4.84
5.48
1.4
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
Profit Margin (%)
9,645
12,059
12,980
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
Working Capital
4,407
3,742
1,825
897
906
2,160
7,095
5,977
4,867
3,637
2,562
1,387
200
278
196
180
194
LT Debt
31,946
33,461
35,164
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
Total Equity
4.1
5.42
1.81
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 Invested Capital (%)
3.8
4.49
-0.05
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 Capital (%)
8.19
9.37
1.87
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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
Similar Companies
Danimer Scientific, Inc. (DNMR)
Arvee Laboratories (India) Ltd. (ARVEE.NS)
China Clean Energy Inc. (CCGY)
Birla Carbon (Thailand) Public Company Limited (BCT.BK)
Shandong Rike Chemical Co.,LTD. (300214.SZ)
International Zeolite Corp. (IZ.V)
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.