Tokai Carbon Co., Ltd. hereby announces that it will record Special income in the second quarter of the fiscal year ending December 31, 2016.
Description of Special income
Gain on sales of non-current assets ¥1,380 million
Background of recording Special income
The Special income is due to the transfer of idle assets by Tokai Konetsu Kogyo Co., Ltd., a consolidated subsidiary of the Company.
Impact on full-year operating performance
The aforesaid Special income has already been incorporated in the full-year consolidated and non-consolidated earnings forecasts for the fiscal year ending December 31, 2016, and there is no change to the values provided in the Notice on Recording of an Impairment Loss and Revision of Earnings Forecast released on July 25, 2016.
End of notice
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Tokai Carbon Co. Ltd. published this content on 16 August 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 August 2016 06:30:05 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%).
TOKAI CARBON CO., LTD. 
