Tokai Carbon reported for the first half of the current fiscal year a 4.2% year-on-year decline in net sales to 170.92 billion yen ($1.17 billion), a 61.2% drop in operating income to 8.43 billion yen, a 56.4% decline in ordinary income to 10.52 billion yen, and a 77.0% drop in net income to 3.66 billion yen. The carbon black business,...
Tokai Carbon’s first quarter results for fiscal 2023 saw net sales of 86.53 billion yen ($636.37 million), up 24.5% year-on-year; operating income of 11.49 billion yen, up 44.8%; ordinary income of 11.8 billion yen, up 40.4%; and net income of 7.96 billion yen, up 96.9%. By segment, the carbon black business posted sales of 37.46 billion yen, up 27.1%, and...
Tokai Carbon and Sekisui Chemical have entered into a partnership with the aim of commercializing a technology for manufacturing various carbon materials and products (CCU) using carbon monoxide (CO) produced by a chemical looping reaction technology for highly efficient conversion of carbon dioxide (CO2) to CO and a technology for collecting and storing CO2 as solid carbon (CCS). As climate...
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...
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