Tokai Carbon Reports Downturn but Maintains Dividends

Tokai Carbon Co (JP:5301) has released an update.

Tokai Carbon Co., Ltd. experienced a decline in their financial performance for the first half of the fiscal year ending December 31, 2024, with a significant drop in net sales, operating income, and semi-annual net income attributable to owners. Despite the downturn, the company’s total assets and net assets have increased, and a stable dividend payment is planned for the end of the second quarter. The company remains cautiously optimistic, projecting a modest increase in net sales but anticipating lower income figures for the full fiscal year.

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