Tokai Carbon Co., Ltd.
Stock Price Chart
2026/03/13 UpdatedPrice Trend
2026/03/13 UpdatedPrice & Trading Details
2026/03/13 UpdatedPRICE
TRADING
Analyst Recommendations 4 analysts
Updated 2026/03/01Shareholder Composition
Updated 2026/03/01Major Holders
Updated 2026/03/01| Institution | Ownership | Shares | Change |
|---|---|---|---|
|
American Century ETF Trust-Avantis International Small Cap Value ETF
|
5.0M | +1.62% | |
|
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
|
2.8M | +2.39% | |
|
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
|
1.8M | +6.75% | |
|
iShares Trust-iShares Core MSCI EAFE ETF
|
1.5M | 0.00% | |
|
Dimensional ETF Trust-Dimensional International Small Cap Value ETF
|
1.1M | +0.76% | |
|
DFA INVESTMENT TRUST CO-The Japanese Small Company Series
|
1.0M | +14.57% |
Dividend History
Updated 2026/03/08| Year | Dividend | Change |
|---|---|---|
| 2025 | ¥30 | 0.0% |
| 2024 | ¥30 | -16.7% |
| 2023 | ¥36 | +20.0% |
| 2022 | ¥30 | 0.0% |
| 2021 | ¥30 | - |
Financial Performance
2026/03/08 UpdatedRevenue & Profit
Margins
Cash Flow
Financial Health
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | ¥258,874M | ¥340,371M | ¥363,946M | ¥350,114M |
| Gross Profit | ¥70,732M | ¥94,052M | ¥98,727M | ¥80,635M |
| Operating Income | ¥24,647M | ¥40,589M | ¥38,729M | ¥19,387M |
| Pretax Income | ¥24,397M | ¥43,153M | ¥43,563M | -¥45,680M |
| Net Income | ¥16,105M | ¥22,418M | ¥25,468M | -¥56,736M |
| EPS | ¥75.55 | ¥105.16 | ¥119.45 | -¥265.94 |
| Operating Margin | 9.52% | 11.92% | 10.64% | 5.54% |
| Balance Sheet | ||||
| Total Assets | ¥512,503M | ¥576,465M | ¥640,005M | ¥640,753M |
| Total Equity | ¥229,208M | ¥268,824M | ¥324,488M | ¥289,555M |
| Total Liabilities | ¥283,295M | ¥307,641M | ¥315,517M | ¥351,198M |
| Cash | ¥78,858M | ¥70,909M | ¥77,465M | ¥92,207M |
| Interest-bearing Debt | ¥168,249M | ¥171,451M | ¥170,157M | ¥199,110M |
| Equity Ratio | 44.72% | 46.63% | 50.70% | 45.19% |
| D/E Ratio | 0.73 | 0.64 | 0.52 | 0.69 |
| Cash Flow | ||||
| Operating CF | ¥38,072M | ¥41,205M | ¥62,074M | ¥64,471M |
| Investing CF | -¥35,282M | -¥49,900M | -¥47,632M | -¥70,777M |
| Financing CF | ¥1,211M | -¥10,629M | -¥14,512M | ¥9,410M |
| Free CF | ¥8,542M | -¥4,006M | ¥12,457M | ¥9,361M |
| Efficiency | ||||
| ROE | 7.03% | 8.34% | 7.85% | -19.59% |
| ROA | 3.14% | 3.89% | 3.98% | -8.85% |
Latest IR Information
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Notice Regarding Determination of Terms for the Public Hybrid Bonds (Subordinated Bonds with Special Provisions)
Tokai Carbon Co., Ltd. will issue the 4th series of public hybrid bonds totaling 25 billion yen on March 25, 2026. The interest rate is 2.981%, with a redemption maturity of March 25, 2061.
Read more -
Fiscal Year Ending December 2025 Earnings Presentation Materials
For the fiscal year ending December 2025, net sales were 322.96 billion yen (YoY -7.8%), operating income was 25.85 billion yen (+33.3%), and net income attributable to owners of parent significantly increased to 20.07 billion yen. The year-end dividend is...
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Vision 2030 Progress Report
Tokai Carbon aims for net sales of 500 billion yen, an EBITDA margin of 20%, and an ROIC of 12% by 2030, promoting focused investment in growth businesses and structural reforms.
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Notice on Progress Report of "Vision 2030" and Initiatives for Realizing Management with Awareness of Cost of Capital and Stock Price
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...
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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.
Read more
Latest News (5 items)
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Average Analyst Rating: buy
Average Target Price: ¥1,235
Rating Score: 2.00 (Based on 4 analysts)
※1=Strong Buy, 5=Strong Sell
Company Information
About
Tokai Carbon Co., Ltd. manufactures and sells carbon-related products and services in Japan. The company offers graphite electrodes for use in electric furnaces, such as direct current, alternating current, and refining furnaces; and carbon black, including SEAST, Touka Black, Aqua Black, and Thermax black varieties, which are used to reinforce the rubber in tires, as well as used as a black pigment in various black-colored products. It provides fine carbon products comprising special graphite products that include isotropic graphite G/HK series, extruded graphite, SiC coated carbon, C/C composite, glassy carbon, solid SiC, carbon brushes, and resin-impregnated graphite products, as well as furnace materials for silicon semiconductor, solar cell manufacturing, and other applications; and industrial furnaces and related products, which comprise silicon carbide heating elements, resistors, recryte SiC structural materials, and industrial furnaces for heat treatment of ceramics, electronic components, metals, glass, and others. In addition, it offers carbon and graphite products and solutions for various smelting applications, consisting of cathodes, furnace linings, and carbon electrodes; and friction materials, including sintered metal friction, paper friction, sliding, resin, woven, and soft mold materials to regulate power transmission in industrial and construction machinery, as well as for use in brake and clutch parts of vehicles, such as motorbikes and trains. Further, the company provides anode materials for secondary lithium-ion batteries that are used in smartphones and electric cars. The company was formerly known as Tokai Electrode Mfg. Co. Ltd. and changed its name to Tokai Carbon Co., Ltd. in 1975. Tokai Carbon Co., Ltd. was incorporated in 1918 and is headquartered in Tokyo, Japan.