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
Tokai Carbon Posts 40% Sales Growth for Carbon Black Business
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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Tokai Carbon Sees January–September Sales Revenue Rise 28% Year-on-Year
Carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301) has posted its business results for the first three quarters of fiscal 2021, revealing 185.1 billion yen ($1.63 billion) in sales revenue, up 28 percent year-on-year, and 17.67 billion yen in operating income, up 137.9 percent. Looking at individual segments, the company’s carbon black business generated 72.26 billion yen in sales revenue,...
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Tokai Carbon Subsidiary to Receive French Government Grant as Part of National Recovery Plan
Tokai Cobex Savoie SAS, a French subsidiary of carbon black manufacturer Tokai Carbon Co. Ltd. (TYO:5301), has been selected to receive a grant from the French government as part of its national recovery and resilience plan (NRRP). As part of the NRRP – an initiative designed to help France recover from the impact of COVID-19 – the French government issued...
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Tokai Carbon Looks to Boost Carbon Black Profitability With New Management Plan
Tokai Carbon Co. Ltd. (TYO:5301) President Hajime Nagasaka has unveiled T-2023, the company’s new three-year medium-term management plan. The company aims to end the plan in fiscal 2023 with record-high sales revenue of 320 billion yen ($2.94 billion), as well as operating income of 57 billion yen, an ROS figure of 18 percent and an EBITDA of 86 billion yen....
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Tokai Carbon Plans Price Hike for May, Citing Cost Increases
Tokai Carbon Co. Ltd. (TYO:5301) announced on April 12 that it will be implementing a price hike on shipments of all carbon black grades from its domestic Japanese plants, including export shipments. The price increase is set to come to 26.8 yen ($0.25) per kilogram, which will be put into effect starting with shipments made on May 1. Explaining its...
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