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Tokai Carbon Co ( (JP:5301) ) has issued an announcement.
Tokai Carbon Co., Ltd. reported an extraordinary loss for the fiscal year ended December 31, 2024, due to challenges in its Smelting and Lining business and a decline in market conditions. This led to an impairment loss of JPY 61,239 million and a restructuring expense related to its Shiga Plant operations. Actual net sales and income were lower than forecasted due to adverse market conditions, resulting in a significant net loss of JPY 56,736 million, impacting overall financial performance.
More about Tokai Carbon Co
Tokai Carbon Co., Ltd. operates in the carbon industry, primarily producing graphite electrodes, smelting and lining products, and carbon black. The company is focused on serving various industries, including steel manufacturing and aluminum production.
YTD Price Performance: -0.78%
Average Trading Volume: 500
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.21B
Find detailed analytics on 5301 stock on TipRanks’ Stock Analysis page.
