Tokai Carbon Posts FY Results, Carbon Black Sales and Profits Up

Tokai Carbon reported a 3.8% year-on-year decline in sales to 350.12 billion yen ($2.34 billion), a 49.9% drop in operating income to 19.39 billion yen, a 45.7% drop in ordinary income to 22.58 billion yen, and a net loss of 56.73 billion yen for the fiscal year ended December 31, 2024. The net loss followed a net income of 25.47…