Tokai Carbon Co. Ltd. (TYO:5301) appears likely to significantly exceed targets set under T-2018, the company’s medium-term management plan slated to end this fiscal year after a three-year run. Coming as a result of increased product prices and other such factors, the company now expects to post annual figures far above its initial targets of 110 billion yen ($990.23 million)...
Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) announced on June 26 that it has concluded an agreement to acquire all shares in U.S.-based carbon black manufacturer Sid Richardson Carbon Ltd. (SRC) and its affiliates SRCG Ltd. and New SRCG Genpar LLC. Tokai Carbon is set to pay a total of 34.1 billion yen ($308.74 million) for the acquisition, which...
Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) is enjoying strong business performance, with recently posted business results showing drastic increases to the company’s sales and profits. Sales for the year through December 2017 were up 19.9 percent from the previous year. Meanwhile, operating profit rose by 915.1 percent, ordinary profit by 678.3 percent, and net profit increased by approximately...
Tokai Carbon Co. Ltd. (TYO:5301) has announced an increase of 15 percent over its current sales prices for fine-carbon, special-graphite products beginning with deliveries on July 1. The company explained that the price hike stems from a sharp decline in the special-graphite market caused by drastic changes in the balance of supply and demand. This situation has hurt profitability. Tokai...
Tokai Carbon Co. Ltd. (TYO:5301) has increased the price of its carbon black products by 3 yen per kilogram. The change was implemented for deliveries beginning Nov. 1, applying to all varieties of carbon black. A release from the company stated that the price of raw oil used in carbon black has been rising incrementally since bottoming out at the...
Speaking recently on overseas operations, Tokai Carbon Co. Ltd. (TYO:5301) President Hajime Nagasaka said that production at the company’s subsidary Thai Tokai Carbon Product Co. Ltd. is currently operating at full capacity. The path to this, Nagasaka said, was not by getting into unreasonable price competition – it was by customers who had been using low-price goods from China and...
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