Tokai Carbon Co., Ltd. Provides Earnings Guidance for the First Six Months and Full Year of Fiscal Year Ending December 31, 2024
May 09, 2024 at 02:00 am EDT
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Tokai Carbon Co., Ltd. provided earnings guidance for the first six months and full year of fiscal year ending December 31, 2024. For the six months, the company expects net sales to be JPY 180,000 million, operating income to be JPY 10,000 million, net income attributable to owners of the parent company to be JPY 9,000 million and net income per share to be JPY 42.21.
For the full year, the company expects net sales to be JPY 370,000 million, operating income to be JPY 23,000 million, net income attributable to owners of the parent company to be JPY 15,000 million and net income per share to be JPY 70.35.
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. 
