Tokai Carbon Co., Ltd. Declares Dividend for the Second Quarter of Fiscal Year Ending December 31, 2023, Payable on September 1, 2023; Provides Dividend Guidance for the Full Year Ending December 31, 2023

Tokai Carbon Co., Ltd. is one of the Japanese leaders in manufacturing and marketing of coal and graphite products. The group is also producing industrial furnaces. Net sales break down by family of products as follows: - coal and graphite products (69.6%): coal, graphite electrodes, special graphite and friction materials primarily for industrial, electronic, energy, automotive and mechanic applications; - cathodes for smelting aluminum and furnace linings (18.1%); - industrial furnaces and heating products (6.9%): for thermal processing of ceramic products, electronic components, metals, glasses, etc.; - other (5.4%). Net sales break down geographically as follows: Japan (24.6%), Asia (26.7%), the United States (26.5%), Europe (11.6%) and other (10.6%).