Tokai Carbon : Quarterly Securities Report

Quarterly Securities Report

(For the First Quarter of the Fiscal Year ending December 31, 2021)

From January 1, 2021

To March 31, 2021

Tokai Carbon Co., Ltd.

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Quarterly Securities Report

1. This document consists of output and printed data of the quarterly securities report filed via the Electronic Disclosure for Investors' NETwork (EDINET) as set forth in Article 27-30-2 of the Financial Instruments and Exchange Act, with a table of contents and page numbers.
2. Appended to the back of this document are the quarterly review report that was attached to the quarterly securities report when it was filed by the aforementioned method, and the confirmation letter filed at the same time as the quarterly securities report.

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		Contents
			Page
[Cover]	......................................................................................................................................................................................................	1
Part 1	Company Information ...................................................................................................................................................................	5
I	Overview of Company ..................................................................................................................................................................	5
1	Key financial data..........................................................................................................................................................................	5
2	Description of business .................................................................................................................................................................	5
II	Business Overview ........................................................................................................................................................................	6
1	Risk of business, etc. .....................................................................................................................................................................	6
2	Management's analysis of financial position, operating results, and cash flows ...........................................................................	6
3	Material agreements, etc................................................................................................................................................................	7
III	Information on the Company.........................................................................................................................................................	8
1	Information on the Company's shares, etc. ...................................................................................................................................	8
(1) Total number of shares, etc.........................................................................................................................................................	8
	1)	Total number of shares .........................................................................................................................................................	8
	2)	Issued shares ........................................................................................................................................................................	8
(2) Information on stock acquisition rights, etc. ..............................................................................................................................	8
	1)	Details of stock option plans ................................................................................................................................................	8
	2)	Information on other stock acquisition rights, etc. ...............................................................................................................	8
(3) Exercise, etc. of bonds with moving strike stock acquisition rights ...........................................................................................	8
(4) Changes in the total number of issued shares, capital stock, etc. ...............................................................................................	8
(5) Major shareholders.....................................................................................................................................................................	8
(6) Information on voting rights.......................................................................................................................................................	8
	1)	Issued shares ........................................................................................................................................................................	9
	2)	Treasury stock, etc. ..............................................................................................................................................................	9
2	Members of the Board and Audit & Supervisory Board Members................................................................................................	9
IV	Financial Statements ...................................................................................................................................................................	10
1	Quarterly consolidated financial statements ................................................................................................................................	11
(1) Quarterly consolidated balance sheets......................................................................................................................................	11
(2) Quarterly consolidated statements of income and comprehensive income...............................................................................	13
	(Quarterly consolidated statements of income) ...........................................................................................................................	13
		(First three-month period) ........................................................................................................................................................	13
	(Quarterly consolidated statements of comprehensive income) ..................................................................................................	14
		(First three-month period) ........................................................................................................................................................	14
Notes:...............................................................................................................................................................................................	15
		(Additional information) ..........................................................................................................................................................	15
		(Notes to quarterly consolidated balance sheets) .....................................................................................................................	15
		(Notes to quarterly consolidated statements of cash flows) .....................................................................................................	15
		(Notes to shareholders' capital)................................................................................................................................................	15
		(Segment information) .............................................................................................................................................................	16
		(Per-share information) ............................................................................................................................................................	17
		(Subsequent material events) ...................................................................................................................................................	17
2	Other Information........................................................................................................................................................................	18
Part 2 Information on Guarantors, etc. of the Company ........................................................................................................................	19

Quarterly Review Report

Confirmation Letter

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[Cover]

[Document submitted]	Quarterly Securities Report
[Applicable law]	Article 24-4-7, Paragraph 1 of the Financial Instruments and Exchange Act
[Submitted to]	Director-General, Kanto Local Finance Bureau
[Date of submission]	May 14, 2021
[Accounting period]	First quarter of FY2021 (from January 1, 2021 to March 31, 2021)
[Company name]	Tokai Carbon Co., Ltd.
[Company name in English]	TOKAI CARBON CO., LTD.
[Name and title of	Hajime Nagasaka, President & Chief Executive Officer
representative]
[Address of head office]	2-3, Kita Aoyama 1-chome,Minato-ku, Tokyo
[Phone number]	03-3746-5100
[Contact person]	General Manager, General Affairs Department Akira Yamada
[Nearest place of contact]	2-3, Kita Aoyama 1-chome,Minato-ku, Tokyo
[Phone number]	03-3746-5100
[Contact person]	Akira Yamada, General Manager, General Affairs Department
[Place where the filed document	Tokai Carbon Co., Ltd. Osaka Branch
is available for public	(Osaka Fukoku Seimei Bldg., 2-4 Komatsubaracho, Kita-ku, Osaka, Osaka)
inspection]	Tokai Carbon Co., Ltd. Nagoya Branch
	(Nagoya International Center Bldg., 47-1, Nagono 1-chome,Nakamura-ku, Nagoya, Aichi)
	Tokyo Stock Exchange, Inc.
	(2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo)

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Part 1		Company Information
I		Overview of Company
1	Key financial data
		Fiscal term		First three months of	First three months of	FY2020
			FY2020	FY2021
		Accounting period		(January 1 to March 31,	(January 1 to March 31,	(January 1 to December
			2020)	2021)	31, 2020)
Net sales		(Million yen)	52,790	53,968	201,542
Ordinary income	(Million yen)	6,573	3,999	6,262
Net income attributable to owners of	(Million yen)	4,583	1,968	1,019
the parent company
Comprehensive income	(Million yen)	(8,565)	15,888	743
Net assets		(Million yen)	219,292	237,503	224,815
Total assets	(Million yen)	440,583	475,308	459,709
Net income per share	(Yen)	21.50	9.23	4.78
Net Income per share fully diluted	(Yen)	―	―	―
Capital-to-asset ratio	(%)	45.1	44.7	43.8
(Notes)	1. The Company prepares quarterly consolidated financial statements, and thus does not state changes in the key financial
		data of the company filing the report.

1. Net sales do not include consumption tax, etc.
2. Net income per share fully diluted is not stated due to the absence of dilutive shares.

2 Description of business

The Tokai Carbon Group (the Company and its affiliates) engages in business operations categorized into the following six reportable segments: Graphite Electrodes business, Carbon Black business, Fine Carbon business, Smelting and Lining business, Industrial Furnaces and Related Products business, and Other Operations.

There was no change in the principal business of the reportable segments during the first three months of the year under review. Nor was there any change in major affiliates.

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