Tokai Carbon Posts 9% Sales Drop in 2015

Japan’s largest carbon black manufacturer Tokai Carbon Co. Ltd. (TYO: 5301) reported annual sales of 104.9 billion yen ($921.8 million) for fiscal 2015 (January-December), marking a 9 percent year-on-year decline. Of those, the carbon black (CB) segment accounted for sales of 46.2 billion yen ($406 million), a year-on-year decline of 16 percent. Operating profit declined 50 percent to 1.3 billion…