Tokai Carbon’s results for the first nine months (January-September) of the fiscal year ending December 31, 2022, showed net sales of 246.33 billion yen ($1.76 billion), up 33.1 percent year-on-year; operating income of 28.02 billion yen, up 58.6 percent; ordinary income of 32.13 billion yen, up 83.1 percent; and net income of 16.12 billion yen, up 68.6 percent. In the...
Tokai Carbon announced on Sept. 5 that it intends to build a new plant under consolidated subsidiary Thai Tokai Carbon Product (TCP), located in Sriracha, Thailand. The announcement follows the plan’s approval at a special board meeting earlier that day. First established in 1989, TCP handles the manufacture and sale of carbon black, which is used as a reinforcing material...
Japanese carbon black giant Tokai Carbon Co. Ltd. (TYO:5301) has posted strong results for the first quarter of calendar 2022. This includes sales revenue of 69.51 billion yen, up 28.8 percent year-on-year; operating income of 7.94 billion yen, up 94.7 percent; ordinary income of 8.41 billion yen, up by 110.2 percent; and net income of 4.04 billion yen, up by...
Tokai Carbon Co. Ltd. (TYO:5301) has clarified its plans for pursuing sustainable efforts in the form of tire waste recycling. In a broad sense, Japan’s largest manufacturer of carbon black noted two key ways in which the industry can contribute to the recycling of used tires. The first of these, the company said, is the production of recycled carbon, while...
Tokai Carbon Co. Ltd. (TYO:5301) has unveiled T-2024, a rolling medium-term management plan for 2022–2024. Under this new plan, the major carbon black manufacturer has set a 2030 long-term vision in which it looks to “contribute to a sustainable society through advanced materials and solutions.” As for financial targets for 2024, the company aims through the plan to reach 356...
Tokai Carbon Co. Ltd. (TYO:5301) has posted its full-year business results for 2021, revealing a significant improvement from the previous year. Company-wide sales reached 258.87 billion yen ($2.24 billion), up 28.4 percent year-on-year; operating income was 24.65 billion yen, up 213.6 percent; ordinary income was 24.77 billion yen, up 295.5 percent; and net income was 16.11 billion yen, up from...
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