Tokai Carbon Co., Ltd. Provides Earnings Guidance for the First Six Months and Full Year of Fiscal Year Ending December 31, 2023
February 21, 2023 at 03:00 am EST
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Tokai Carbon Co., Ltd. provided earnings guidance for the first six months and full year of fiscal year ending December 31, 2023. For the six months, the company expects net sales to be JPY 198,000 million, operating income to be JPY 20,000 million, net income attributable to owners of the parent company to be JPY 11,000 million and net income per share to be JPY 51.60.
For the full year, the company expects net sales to be JPY 410,000 million, operating income to be JPY 45,000 million, net income attributable to owners of the parent company to be JPY 26,000 million and net income per share to be JPY 121.95.
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. 
