TOKAI CARBON CO., LTD. (5301) Stock Price

Tokai Carbon operates multiple business segments and provides a diverse range of products and services. Below is an overview of these operations.

1. **Carbon Black Business**: Tokai Carbon manufactures carbon black for rubber products, black pigments, and conductive applications. Domestically, it operates in cooperation with Tokai Transport, while overseas operations are conducted through Tokai Carbon CB Ltd. and Cancarb Limited.

2. **Fine Carbon Business**: The company provides specialty carbon products, solid SiC, and SiC coatings. Domestically, Tokai Fine Carbon and Oriental Industries are involved, while overseas operations are managed by Tokai Carbon U.S.A., Inc. and TOKAI CARBON EUROPE LIMITED.

3. **Smelting & Lining Business**: Tokai Carbon manufactures cathodes for aluminum electrolysis, blast furnace blocks, and carbon electrodes. Overseas operations are conducted through Tokai COBEX GmbH and Tokai COBEX Polska sp. z o.o.

4. **Graphite Electrode Business**: The company supplies graphite electrodes for electric arc furnaces. Domestically, Tokai Carbon is directly involved, while overseas operations are managed by TOKAI CARBON GE LLC.

5. **Industrial Furnace and Related Products Business**: Tokai Carbon manufactures industrial electric furnaces and silicon carbide heating elements. Domestically, Tokai Konetsu Industries handles this segment, while Shanghai TOKAI KONETSU Co., Ltd. operates overseas.

6. **Other Businesses**: The company provides friction materials and anode materials for lithium-ion secondary batteries. Domestically, Tokai Materials and Miyou Brake are involved, while Tokai Carbon (Suzhou) Co., Ltd. operates overseas.

Through these business segments, Tokai Carbon provides a wide range of products and services both domestically and internationally, contributing to various industries.

Tokai Carbon has formulated its medium-term management plan "T-2026" for 2024-2026 and is advancing its growth strategy. The plan is built on three core pillars: strengthening the earnings base of core businesses, advancing business portfolio management, and promoting sustainability-focused management. The company is pursuing structural reforms in graphite electrode and smelting & lining operations, while pursuing higher value-added products and expanded production capacity in carbon black and fine carbon businesses.

In advancing business portfolio management, the company has set targets for profitability and capital efficiency based on capital costs, following basic policies decided in 2021, and monitors performance accordingly. In 2024, to expand market reach for fine carbon—a growth business—in the U.S. market, the company acquired full ownership of its U.S. graphite processing facility.

In promoting sustainability-focused management, the company aims to achieve carbon neutrality by 2050, with a plan to reduce CO2 emissions by 25% from 2018 levels by 2030. Led by the Carbon Neutrality Promotion Committee, the company is advancing exploration and research of related technologies and strengthening initiatives toward a sustainable society, including linking executive compensation to sustainability performance.

Additionally, Tokai Carbon has formulated "Vision 2030," outlining a long-term growth strategy through 2030. Through three initiatives—fundamental structural reform, commitment to growth markets, and sustainable value creation—the company targets revenue of 500 billion yen, EBITDA of 20%, and ROIC of 12%. Through these efforts, the company aims to contribute to the realization of a sustainable society.