Tokai Carbon Co., Ltd.
Financial Summary for the Fiscal Year Ending December 2025 [Japanese GAAP] (Consolidated)
Consolidated net sales for the fiscal year ending December 2025 amounted to ¥322.96 billion (7.8% decrease YoY), operating income was ¥25.85 billion (33.3% increase YoY), and net income attributable to owners of parent was ¥20.078 billion.
Key Figures
- Net Sales: ¥322,960 million (7.8% decrease YoY)
- Operating Income: ¥25,850 million (33.3% increase YoY)
- Net Income Attributable to Owners of Parent: ¥20,078 million (Turned profitable)
AI要約
Performance Overview
Consolidated net sales for the fiscal year ending December 2025 decreased 7.8% YoY to ¥322.96 billion, but operating income increased 33.3% YoY to ¥25.85 billion, ordinary income rose 16.5% YoY to ¥26.312 billion, and net income attributable to owners of parent turned positive to ¥20.078 billion. Provisional accounting treatments related to business combinations have been finalized, and figures for the fiscal year ending December 2024 reflect provisional values.
Segment Performance
The Carbon Black segment saw decreases in both net sales and operating income due to production adjustments. The Fine Carbon segment recorded increased net sales influenced by the consolidation of subsidiaries but experienced a decline in operating income. The Smelting & Lining segment turned profitable in operating income due to cost reductions. The Graphite Electrodes segment experienced declines in net sales and operating income due to production slowdowns. The Industrial Furnaces and Related Products segment saw decreases in both net sales and operating income. Other segments increased operating income due to higher sales of friction materials and negative electrode materials.
Financial Position and Cash Flows
Total assets stood at ¥664.03 billion, net assets at ¥352.846 billion, and the equity ratio was 47.9%. Cash flows from operating activities generated inflows of ¥55.872 billion, investing activities showed outflows of ¥51.052 billion, and financing activities posted outflows of ¥7.689 billion.
Dividend Status and Earnings Guidance
An annual dividend of ¥30 (interim ¥15, year-end ¥15) is planned for the fiscal year ending December 2025. Consolidated earnings guidance for the fiscal year ending December 2026 expects net sales of ¥346.7 billion (7.4% increase YoY), operating income of ¥26.0 billion (0.6% increase YoY), and net income attributable to owners of parent of ¥10.6 billion (47.2% decrease YoY).
Outlook
Based on the long-term vision 'Vision 2030,' the company aims to achieve net sales of ¥500 billion, EBITDA margin of 20%, and ROIC of 12%. An exchange rate of 153 yen to the dollar is assumed. The company is focusing on structural reforms, commitment to growth markets, and sustainable value creation, working on growth in the Carbon Black segment and development of new businesses.
