Tokai Carbon Co., Ltd. logo

Tokai Carbon Co., Ltd.

5301.T

JPXBasic MaterialsChemicals - Specialty

Latest quote

¥1,651

−¥34.00 · -2.02%

Aug 24, 3:30 PM JST

5301.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Tokai Carbon Co., Ltd., headquartered in Tokyo, Japan, is a leading provider and manufacturer of a broad spectrum of carbon-based goods and services. The company's offerings include high-performance graphite electrodes, indispensable for electric arc furnaces across various applications like direct current, alternating current, and refining processes. They also produce multiple grades of carbon black, such as SEAST, TOKABLACK, Aqua Black, and Thermal Black, which are crucial for reinforcing rubber in tires and as a vibrant black pigment in numerous products. Their fine carbon division encompasses specialized graphite products like isotropic G/HK series, extruded graphite, SiC-coated carbon, C/C composites, glassy carbon, solid SiC, carbon brushes, and resin-impregnated graphite. These materials are vital for manufacturing silicon semiconductors, solar cells, and other high-tech applications. Furthermore, Tokai Carbon supplies industrial furnaces and related equipment, featuring silicon carbide heating elements, resistors, and recryte SiC structural materials, utilized for the precise heat treatment of ceramics, electronic components, metals, and glass. They also deliver tailored carbon and graphite solutions for various smelting operations. The company's diverse range of friction materials, including sintered metal, paper, carbonaceous, sliding, resin, woven, and soft mold types, are instrumental in managing power transmission in industrial and construction machinery, and serve as critical brake and clutch parts for vehicles such as motorbikes, trucks, buses, and trains. Additionally, Tokai Carbon develops anode materials specifically for secondary lithium-ion batteries, which power contemporary smartphones and electric vehicles. Founded in 1918 as Tokai Electrode Mfg. Co. Ltd., the company officially adopted its current name, Tokai Carbon Co., Ltd., in 1975.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
JP
CEO
Hajime Nagasaka
Listed since
May 16, 1949
Employees
4,436

Market position

52-week range

Current ¥1,651

Open
¥1,651
Previous close
¥1,685
Volume
906.5K
0.45× average
Average volume
2.03M
Average daily volume
Market cap
352.5B JPY
Beta
0.7
Market reference 1
50-day average
¥1,701.16
-2.95% below average
200-day average
¥1,264.61
+30.55% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
18.67×
P/B (TTM)
1.08×
P/S (TTM)
1.04×
Dividend yield
2.12%

Profitability & efficiency

Gross margin
23.27%
Operating margin
7.97%
Net margin
5.54%

Financial health

Debt / equity
0.68×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends27%11%-4%-20%Gross margin, FY2021: 21.65%Gross margin, FY2022: 22.99%Gross margin, FY2023: 22.39%Gross margin, FY2024: 17.77%Gross margin, FY2025: 23.18%Operating margin, FY2021: 9.52%Operating margin, FY2022: 11.93%Operating margin, FY2023: 10.64%Operating margin, FY2024: 5.54%Operating margin, FY2025: 8.00%Net margin, FY2021: 6.22%Net margin, FY2022: 6.59%Net margin, FY2023: 7.00%Net margin, FY2024: -16.20%Net margin, FY2025: 6.22%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 21.65%. Gross margin FY2022 22.99%. Gross margin FY2023 22.39%. Gross margin FY2024 17.77%. Gross margin FY2025 23.18%. Operating margin FY2021 9.52%. Operating margin FY2022 11.93%. Operating margin FY2023 10.64%. Operating margin FY2024 5.54%. Operating margin FY2025 8.00%. Net margin FY2021 6.22%. Net margin FY2022 6.59%. Net margin FY2023 7.00%. Net margin FY2024 -16.20%. Net margin FY2025 6.22%.

Income trends

Revenue

322.96B JPY-7.76%

Operating income

25.85B JPY+33.33%

Net income

20.08B JPY+76.81B JPY
Income trends across reported periods406.01B JPY237.74B JPY69.47B JPY−98.8B JPYRevenue, FY2021: 258.87B JPYRevenue, FY2022: 340.37B JPYRevenue, FY2023: 363.95B JPYRevenue, FY2024: 350.11B JPYRevenue, FY2025: 322.96B JPYOperating income, FY2021: 24.65B JPYOperating income, FY2022: 40.59B JPYOperating income, FY2023: 38.73B JPYOperating income, FY2024: 19.39B JPYOperating income, FY2025: 25.85B JPYNet income, FY2021: 16.11B JPYNet income, FY2022: 22.42B JPYNet income, FY2023: 25.47B JPYNet income, FY2024: −56.74B JPYNet income, FY2025: 20.08B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 258.87B JPY. Revenue FY2022 340.37B JPY. Revenue FY2023 363.95B JPY. Revenue FY2024 350.11B JPY. Revenue FY2025 322.96B JPY. Operating income FY2021 24.65B JPY. Operating income FY2022 40.59B JPY. Operating income FY2023 38.73B JPY. Operating income FY2024 19.39B JPY. Operating income FY2025 25.85B JPY. Net income FY2021 16.11B JPY. Net income FY2022 22.42B JPY. Net income FY2023 25.47B JPY. Net income FY2024 −56.74B JPY. Net income FY2025 20.08B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue322.96B JPY350.11B JPY363.95B JPY340.37B JPY258.87B JPY
Cost of goods sold248.11B JPY287.91B JPY282.45B JPY262.12B JPY202.83B JPY
Gross profit74.85B JPY62.21B JPY81.49B JPY78.25B JPY56.04B JPY
Research and development4.33B JPY3.61B JPY3.17B JPY2.82B JPY
Selling, general, and administrative49B JPY38.49B JPY39.16B JPY34.49B JPY28.57B JPY
Operating expenses49B JPY42.82B JPY42.76B JPY37.66B JPY31.4B JPY
Interest income1.85B JPY1.51B JPY1.26B JPY607M JPY288M JPY
Interest expense2.84B JPY1.97B JPY1.57B JPY1.04B JPY1.04B JPY
Depreciation and amortization32.59B JPY41.73B JPY37.22B JPY34.98B JPY29.87B JPY
Operating income25.85B JPY19.39B JPY38.73B JPY40.59B JPY24.65B JPY
Net income20.08B JPY−56.74B JPY25.47B JPY22.42B JPY16.11B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
27.11

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates62.89-64.15-191.19-318.23Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 6, 2024: actual 9.01, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 11, 2025: actual -291.95, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual 14.18, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 25.82, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 4, 2025: actual 36.61, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 17.44, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual 7.29, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 5, 2026: actual 27.11, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates107.53B96.22B84.91B73.59BQ1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 11, 2025: actual 91.46B JPY, estimate 103.39B JPY, surprise -11.54%, Miss. Q2 2025, reported May 14, 2025: actual 80.35B JPY, estimate 81.54B JPY, surprise -1.46%, Miss. Q3 2025, reported Aug 6, 2025: actual 77.73B JPY, estimate 81.83B JPY, surprise -5.01%, Miss. Q4 2025, reported Nov 4, 2025: actual 79.26B JPY, estimate 83.96B JPY, surprise -5.60%, Miss. Q1 2026, reported Feb 12, 2026: actual 85.62B JPY, estimate 83.96B JPY, surprise +1.98%, Beat. Q2 2026, reported May 13, 2026: actual 81.72B JPY, estimate 80.41B JPY, surprise +1.63%, Beat. Q3 2026, reported Aug 5, 2026: actual 92.01B JPY, estimate 91.45B JPY, surprise +0.61%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 90.51B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥30.00

2025 complete year0.0% since 2021

2026 partial: ¥20.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Dec 29, 2026

¥20.00

Semi-Annual

Record Dec 31, 2026 · Payment Dec 29, 2026

Dividend

Ex-dividend Jun 29, 2026

¥20.00

Semi-Annual

Record Jun 30, 2026 · Payment Sep 1, 2026

Dividend

Ex-dividend Dec 29, 2025

¥15.00

Semi-Annual

Record Dec 31, 2025 · Payment Mar 30, 2026

Dividend

Ex-dividend Jun 27, 2025

¥15.00

Semi-Annual

Record Jun 30, 2025 · Payment Sep 1, 2025

Dividend

Ex-dividend Dec 27, 2024

¥15.00

Semi-Annual

Record Dec 31, 2024 · Payment Mar 28, 2025

Dividend

Ex-dividend Jun 27, 2024

¥15.00

Semi-Annual

Record Jun 30, 2024 · Payment Sep 2, 2024

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