Tokai Carbon : Notice on revising the Earnings Forecast
May 22, 2017 at 10:08 pm EDT
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News Release 2017
May 9, 2017
Notice on revising the Earnings Forecast
Based on the recent business trend, we have revised our consolidated earnings forecast, which was an- nounced on February 9, 2017.
Revision of the Earnings Forecast
1st Half of fiscal year 2017 (January 1 to June 30, 2017)
Net sales
Operating income
Ordinary income
Quarterly Net income/(loss) attributable to the owners of the parent company
Net income per share (EPS)
Previous forecast (A)
JPY
In Millions
JPY
in Millions
JPY
in Millions
JPY
in Millions
JPY
43,000
1,800
2,300
4,200
19.70
Revised forecast (B)
47,000
3,100
3,500
4,700
22.05
Difference (B-A)
4,000
1,300
1,200
500
－
Differed rate (%)
9.3
72.2
52.2
11.9
－
Year on Year Results (1st Half 2016)
44,872
(80)
(235)
(5,900)
(27.68)
Full fiscal year 2017 (from January 1 to December 31, 2017)
Net sales
Operating income
Ordinary income
Quarterly Net income/(loss) attributable to the owners of the parent company
Net income per share (EPS)
Previous forecast (A)
JPY
in Millions
JPY
in Millions
JPY
in Millions
JPY
in Millions
JPY
89,000
5,200
6,100
7,000
32.84
Revised forecast (B)
95,000
6,700
7,800
8,200
38.47
Difference (B-A)
6,000
1,500
1,700
1,200
－
Differed rate (%)
6.7
28.8
27.9
17.1
－
Year on Year Results (Full Year 2016)
88,580
1,131
1,702
(7,929)
(37.20)
Reason for revision
1st Half 2017
Sales are expected to increase over the previous forecast due to the higher sales volume and prices in Carbon Black business. Operating income is expected to exceed previous forecasts due to the high- er sales in Carbon Black business and further cost reduction in Graphite Electrodes division. Ordinary
income and quarterly net income attributable to the parent company are also now respectively expected to surpass the former forecasts for the same reason.
Full year 2017
Based on revision of the earnings forecast for the first six months 2017, the previous forecasts for the sales, operating income, ordinary income and net income (loss) attributable to the parent company will be revised.
The above-mentioned earnings forecasts are based on the information currently available to the Com- pany and certain assumptions judged to be reasonable. Note that actual performance may significantly differ due to various factors.
End of notice
Date of release: May 9, 2017 Company name: Tokai Carbon Co., Ltd.
Security code: 5301 [Tokyo Stock Exchange]
Contact: Kazuhiko Matsubara, Executive Officer and General Manager, Accounting Department, Tel.: +81-3-3746-5100
Tokai Carbon Co. Ltd. published this content on 23 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 May 2017 02:07:14 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. 
