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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 2019 JPYUSD
Revenue262,028M2,403.68M
Gross Profit84,089M771.38M
Operating income54,204M497.23M
Income before tax51,226M469.91M
Net income31,994M293.49M
EBITDA77,053M706.83M
Diluted EPS150.091.37
Dividends Per Share480.44
Total Assets468,626M4,312.17M
Total liabilities235,647M2,168.36M
Total equity211,838M1,949.27M
Operating cash flow41,664M382.20M
Currency in JPYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 104,864M 88,580M 106,252M 231,302M 262,028M
Gross Profit 19,535M 16,117M 26,550M 95,195M 84,089M
Operating income 4,088M 1,131M 11,084M 72,367M 54,204M
Income before tax 6,726M -7,938M 15,533M 95,811M 51,226M
Net income 2,484M -7,929M 12,346M 73,394M 31,994M
EBITDA 13,756M 9,627M 18,201M 85,375M 77,053M
Diluted EPS 11.65 -37.19 57.91 344.31 150.09
Dividends Per Share 6 6 12 24 48
Total Assets 184,990M 158,824M 186,789M 334,053M 468,626M
Total liabilities 60,019M 45,831M 59,655M 126,216M 235,647M
Total equity 122,916M 110,991M 126,367M 187,141M 211,838M
Operating cash flow 20,613M 17,505M 10,543M 44,109M 41,664M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 866.18M 815.21M 947.54M 2,094.31M 2,403.68M
Gross Profit 161.35M 148.32M 236.77M 861.93M 771.38M
Operating income 33.76M 10.40M 98.84M 655.24M 497.23M
Income before tax 55.55M -73.05M 138.52M 867.51M 469.91M
Net income 20.51M -72.97M 110.10M 664.54M 293.49M
EBITDA 113.62M 88.59M 162.31M 773.02M 706.83M
Diluted EPS 0.09 -0.34 0.51 3.11 1.37
Dividends Per Share 0.04 0.05 0.10 0.21 0.44
Total Assets 1,537.80M 1,361.71M 1,658.13M 3,044.73M 4,312.17M
Total liabilities 498.93M 392.94M 529.56M 1,150.39M 2,168.36M
Total equity 1,021.78M 951.60M 1,121.76M 1,705.70M 1,949.27M
Operating cash flow 170.26M 161.10M 94.02M 399.38M 382.20M

Valuation Measures

Dec 2019
PER7.29
ROA7.97%
ROE16.03%
Operating margin20.68%
Profit margin12.21%

Key executives

  • President & Representative Director: Hajime Nagasaka
  • Head-Finance, Accounting & Information Systems: Kazuhiko Matsubara
  • Director, Executive Officer & GM-Technology: Katsuyuki Yamaguchi
  • Director, Executive Officer & Manager-Sales: Masafumi Tsuji
  • Director & Executive Officer: Hirofumi Masuda

Shareholders

  • Nomura Asset Management Co., Ltd. (8.5%)
  • Mitsubishi UFJ Financial Group, Inc. (6.3%)
  • Tokai Carbon Co., Ltd. (5.2%)
  • Artemis Investment Management LLP (3.9%)
  • Asset Management One Co., Ltd. (3.7%)
  • Nikko Asset Management Co., Ltd. (3.6%)
  • Daiwa Asset Management Co. Ltd. (3.6%)
  • Mitsubishi Corp. (2.9%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.6%)
  • Mitsubishi Chemical /New/ Pension Fund (2.6%)

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 (Tianjin) 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
  • Ecopro BM Co., Ltd.
  • Graphite India Limited
  • International CSRC Investment Holdings Co. Ltd.
Last Updated on 8 Jul, 2020

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