Tokai Carbon : Announcement on change in reportable segments
May 20, 2016 at 06:03 am EDT
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News Release 2016
Announcement on change in reportable segments
May 10, 2016
Tokai Carbon Co., Ltd. hereby announces that it has changed reportable segments effective from the fiscal year ending December 31, 2016 as follows:
Reasons for change
Development of the three-year medium-term management plan, "T-2018," with FY2016 as the first year and associated changes in the management policy
Ensuring easier-to-understand disclosure and explanations in communications with investors
Summary of change
The existing reportable segment of "Carbon and Ceramics" will be divided into a new "Graphite Electrodes" segment and a "Fine Carbon" segment.
New segment
Graphite Electrodes
Fine Carbon
Old segment
Carbon and Ceramics
End of Notice
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Tokai Carbon Co. Ltd. published this content on 20 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 May 2016 10:02:03 UTC.
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Tokai Carbon Co., Ltd. is one of the Japanese leaders in manufacturing and marketing of coal and graphite products. The group is also producing industrial furnaces. Net sales break down by family of products as follows:
- coal and graphite products (69.6%): coal, graphite electrodes, special graphite and friction materials primarily for industrial, electronic, energy, automotive and mechanic applications;
- cathodes for smelting aluminum and furnace linings (18.1%);
- industrial furnaces and heating products (6.9%): for thermal processing of ceramic products, electronic components, metals, glasses, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (24.6%), Asia (26.7%), the United States (26.5%), Europe (11.6%) and other (10.6%).