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Producer Manufacturing

Tokai Carbon Co., Ltd.

Business Summary

Tokai Carbon Co., Ltd. engages in the manufacture and sale of carbon-related products. It operates through the following segments: Carbon Black, Graphite Electrode, Fine Carbon, Industrial Furnaces and Related Products, and Others. The Carbon Black segment sells SEAST, TOKABLACK, Thermax, and Hydrophilic Carbon Black. The Graphite Electrode segment researches and develops products related to carbon and graphite materials. The Fine Carbon segment produces products including isotropic graphite, carbon brush, solid SiC, glassy carbon, and C/C composite TOKAREC. The Industrial Furnaces and Related Products segment manufactures EREMA (silicon carbide) heating elements, heating equipment, and super refractories. The Others segment includes friction materials, negative electrodes, and property leasing. The company was founded on April 8, 1918 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2021 JPYUSD
Revenue258,874M2,356.11M
Gross Profit56,044M510.07M
Operating income24,647M224.32M
Income before tax23,354M212.55M
Net income16,106M146.58M
EBITDA54,518M496.19M
Diluted EPS75.540.68
Dividends Per Share300.27
Total Assets512,503M4,450.54M
Total liabilities255,929M2,222.47M
Total equity229,210M1,990.44M
Operating cash flow38,072M346.50M
Currency in JPYCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 106,252M 231,302M 262,028M 201,542M 258,874M
Gross Profit 26,550M 95,195M 84,089M 35,861M 56,044M
Operating income 11,084M 72,367M 54,204M 7,859M 24,647M
Income before tax 15,533M 95,811M 51,226M 6,116M 23,354M
Net income 12,346M 73,394M 31,994M 1,020M 16,106M
EBITDA 18,201M 85,375M 77,053M 35,261M 54,518M
Diluted EPS 57.91 344.31 150.09 4.78 75.54
Dividends Per Share 12 24 48 30 30
Total Assets 186,789M 334,053M 468,626M 470,692M 512,503M
Total liabilities 59,655M 126,216M 235,647M 245,874M 255,929M
Total equity 126,367M 187,141M 211,838M 201,267M 229,210M
Operating cash flow 10,543M 44,109M 41,664M 55,022M 38,072M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 947.54M 2,094.31M 2,403.68M 1,887.65M 2,356.11M
Gross Profit 236.77M 861.93M 771.38M 335.87M 510.07M
Operating income 98.84M 655.24M 497.23M 73.60M 224.32M
Income before tax 138.52M 867.51M 469.91M 57.28M 212.55M
Net income 110.10M 664.54M 293.49M 9.55M 146.58M
EBITDA 162.31M 773.02M 706.83M 330.25M 496.19M
Diluted EPS 0.51 3.11 1.37 0.04 0.68
Dividends Per Share 0.10 0.21 0.44 0.28 0.27
Total Assets 1,658.13M 3,044.73M 4,312.17M 4,558.98M 4,450.54M
Total liabilities 529.56M 1,150.39M 2,168.36M 2,381.46M 2,222.47M
Total equity 1,121.76M 1,705.70M 1,949.27M 1,949.41M 1,990.44M
Operating cash flow 94.02M 399.38M 382.20M 515.33M 346.50M

Valuation Measures

Dec 2021
PER15.99
ROA3.27%
ROE7.48%
Operating margin9.52%
Profit margin6.22%

Key executives

  • President & Representative Director: Hajime Nagasaka
  • Manager-Finance & Accounting: Akihiko Sato
  • Executive Officer & General Manager-Technology: Keiichiro Machihara
  • Director & Executive Officer: Shunji Yamamoto
  • Executive Officer & Manager-Friction Material: Hirofumi Masuda

Shareholders

  • Nomura Asset Management Co., Ltd. (10.9%)
  • Mitsubishi UFJ Financial Group, Inc. (6.3%)
  • Tokai Carbon Co., Ltd. (5.2%)
  • Nikko Asset Management Co., Ltd. (5.0%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.6%)
  • Asset Management One Co., Ltd. (3.6%)
  • Daiwa Asset Management Co. Ltd. (3.2%)
  • Mitsubishi Chemical /New/ Pension Fund (2.6%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (2.5%)
  • The Vanguard Group, Inc. (2.1%)

Contact Details

Related Companies

  • Tokai Carbon Restricted Stock Compensation Plan
  • Tokai Cobex GmbH
  • Tokai Carbon CB Ltd.
  • Tokai Carbon GE Holding LLC
  • SGL GE Carbon Holding LLC
  • Svensk Specialgrafit AB
  • Shanghai Tokai Konetsu Co. Ltd.
  • Tokai Carbon (Suzhou) Co. Ltd.
  • Tokai Erftcarbon GmbH
  • Tokai Carbon (Dalian) Co., Ltd.
  • Tokai Carbon Deutschland GmbH
  • Tokai Carbon Europe GmbH
  • Tokai Carbon Electrode Sales LLC
  • Tokai Carbon Italia SRL
  • SGL Tokai Carbon Shanghai Co., Ltd.
  • Tokai Carbon USA, Inc.
  • Oriental Industry Co. Ltd.
  • Erftcarbon GmbH
  • Tokai Fine Carbon Machining KK
  • Thai Tokai Carbon Product Co. Ltd.
  • Toyo Carbon Co. Ltd.
  • Tokai Material Co. Ltd.
  • Carbon Industrie-Produkte Group
  • Tokai Carbon Co. Ltd. /Carbon Black Business/
  • Mitsubishi Materials Corp./Brake Manufacturing Division
  • ErftCarbon GmbH & Co. KG
  • Cancarb Ltd.
  • Tokai Carbon Europe Ltd.
  • Tokai Konetsu Kogyo Co. Ltd.

Competitors

  • Mersen SA
  • GrafTech International Ltd.
  • International CSRC Investment Holdings Co. Ltd.
Last Updated on 18 May, 2022

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