Tokai Carbon Co., Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was JPY 86,530 million compared to JPY 69,512 million a year ago. Net income was JPY 7,964 million compared to JPY 4,044 million a year ago.

Basic earnings per share from continuing operations was JPY 37.36 compared to JPY 18.97 a year ago.