Tokai Carbon Co., Ltd.
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.
Key Figures
- Net Sales (2026 forecast): 346.7 billion yen
- EBITDA Margin (2026 forecast): 18%
- ROIC (Adjusted, 2026 forecast): 5%
AI要約
Vision 2030 Goals and Progress
Tokai Carbon has set a long-term vision aiming for net sales of 500 billion yen, an EBITDA margin of 20%, and an ROIC of 12% by 2030. The net sales forecast for 2026 is 346.7 billion yen, planning about 1.4 times growth to reach the target. EBITDA margin is 18% and ROIC is 5%, both improving towards the 2030 goals. The effects of structural reforms will gradually appear from Q4 2025, and the environment for growth businesses is expected to improve from 2027 onwards.
Growth Strategy and Business Portfolio Management
Management resources are focused on growth businesses (Fine Carbon and Industrial Furnaces), managed based on ROIC. In the Fine Carbon business, capital investment is strengthened anticipating growth in semiconductor-related areas. The Industrial Furnace business is also progressing with expanding production capacity of Elema heating elements. Strategic M&A activities include integration of U.S. processing bases and acquisition of a carbon black manufacturing site in Thailand. Capital expenditures peaked during 2022-2024, with approximately 50 billion yen of growth investment planned for 2023-2025.
