#CostOfCapital

Tokai Carbon aims for net sales of 500 billion yen, EBITDA of 20%, and ROIC of 12% by 2030. While considering the slowdown in the EV market, it is promoting initiatives including responding to AI-driven growth, developing sustainable technologies, and structural reforms, aiming to reduce cost of capital and achieve an early PBR above 1x.

For the fiscal year ending November 2026, consolidated net sales are forecasted at 630 billion yen, operating income at 3.5 billion yen, and net income attributable to owners of parent at 3 billion yen. Although ROE shows improvement, it falls short of investor expectations, prompting promotion of management mindful of cost of capital and share price.