Tokai Carbon Co., Ltd. Provides Dividend Guidance for the Second Quarter and Fiscal Year Ending December 31, 2023
May 17, 2023 at 02:30 am EDT
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Tokai Carbon Co., Ltd. provided dividend guidance for the second quarter and fiscal year ending December 31, 2023. For the quarter, the company expects dividend to be JPY 18.00 per share compared to JPY 15.00 per share a year ago.
For the fiscal year, the company expects dividend to be JPY 18.00 per share compared to JPY 15.00 per share a year ago.
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%).
TOKAI CARBON CO., LTD. 
