Tokai Carbon Reports Lower Q2 Earnings, Maintains Annual Forecast

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

Tokai Carbon Co., Ltd. reported a decrease in FY2024 Q2 earnings compared to its previous forecast, with net sales, operating income, and net income attributable to owners underperforming expectations due to lower sales, higher costs, and delays in expected gains from a recent acquisition. Despite the lower Q2 results, the company’s consolidated forecast for the full year remains unchanged.

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