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February (2024)
Tokai Group: 2023 Q4 Results Link...
Tokai Group: Volumes decreased slightly due to prolonged periods of production adjustments for TBR tires and weak demand for non-tire products. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | Q4 | 37292.0 | 35134.0 | 6.1 | 1 | | Carbon Black | EBIT | Q4 | 5378.0 | 3296.0 | 63.2 | |
November (2023)
Tokai Group: 2023 Q3 Results Link...
Tokai Group: Carbon black revenue up YoY based on increased sales prices through the year. Q3 values indicate softening market. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | Q3 | 37300.0 | 39621.0 | -5.9 | 1 | | Carbon Black | EBIT | Q3 | 5152.0 | 4201.0 | 22.6 | |
August (2023)
Tokai Group: 2023 Q2 Results Link...
Tokai Group: Demand remained constant, increased demand for OE tire and reduced for RP tire. Selling prices and margin improvements due to recovery of environmental investments, tight supply-demand in USMCA and other regions and higher productivity. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2023/2 | 36425.0 | 34299.0 | 6.2 | 1 | | Carbon Black | EBIT | 2023/2 | 5016.0 | 1736.0 | 188.9 | |
May (2023)
Tokai Group: 2023 Q1 Results Link...
Tokai Group: Demand for tires remained solid. Costs of capital investments for production emissions control were offset by strong U.S. demand. Operations were at full capacity at bases in Japan and Thailand. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2023 | 2022 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2023/1 | 37406.0 | 29430.0 | 27.1 | 1 | | Carbon Black | EBIT | 2023/1 | 5757.0 | 3049.0 | 88.8 | |
February (2023)
Tokai Group: 2022 Q4 Results Link...
Tokai Group: Softening of volumes also impacted by sale of Tokai Carbon and installation of environmental equipment in US. Volumes expected to recover in the next quarter and year. Sales revenue increase due to pass-on of feedstock and energy costs. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
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| Carbon Black | Sales Revenue | 2022/4 | 35134.0 | 27229.0 | 29.0 | 1 | | Carbon Black | EBIT | 2022/4 | 3296.0 | 2099.0 | 57.0 | |
November (2022)
Tokai Group: 2022 Q3 Results Link...
Tokai Group: Sales volumes decreased YoY due to sale of Tokai Carbon (Tianjin). Environmental equipment at US production plants will be fully implemented by end of 2022 followed by full operation in 2023. Sales revenue increased due to high selling price with FS cost pass through.
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2022/3 | 39621.0 | 25998.0 | 52.4 | | | Carbon Black | EBIT | 2022/3 | 4201.0 | 2331.0 | 80.2 | |
September (2022)
Tokai Group: Constructing New Carbon Black Plant in Thailand Link...
Tokai's board has approved the construction of a new carbon black plant (replacing the existing site) in Thailand. The demand for carbon black in the region has increased significantly in recent years due to the expansion of the automotive industry. The new plant will have a capacity of 180 kMTpa and is scheduled for completion April 2025 (pending various approvals).
August (2022)
Tokai Group: 2022 Q2 Results Link...
Tokai Group: Carbon black operations at full capacity in Japan, Thailand and Canada due to recovery in demand for auto and tire production. Supply of carbon black is becoming increasingly tight, especially in the U.S. Tokai will continue to invest in facility upgrades and environmental facilities to ensure a stable supply. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2022/2 | 34299.0 | 24669.0 | 39.0 | 1 | | Carbon Black | EBIT | 2022/2 | 1736.0 | 2546.0 | -31.8 | 2 |
May (2022)
Tokai Group: 2022 Q1 Results Link...
Tokai Group: With improved selling prices and recovery of the replacement tire market in Europe and U.S. the carbon black operations are now at full capacity. Global supply of carbon black is becoming increasingly tight with tight supply of feedstock. Stable procurement of feedstock continues to be an important issue for the business.
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2022 | 2021 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2022/1 | 29430.0 | 21595.0 | 36.3 | 1 | | Carbon Black | EBIT | 2022/1 | 3049.0 | 1807.0 | 68.7 | 2 |
Tokai Group: Borger Carbon Black Plant Earns Sustainability Designation Link...
Tokai Carbon's Borger, Texas carbon black plant has acheived the International Sustainability and Carbon Certification Plus standard. This standard allows Tokai to certify that its circular/bio-based products produced at the Borger are sustainable. This is the first certified sustainable carbon black production in North America.
February (2022)
Tokai Group: 2021 Q4 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2021 | 99491.0 | 70754.0 | 40.6 | 1 | | Carbon Black | EBIT | 2021 | 8783.0 | 3192.0 | 175.2 | 2 | | Carbon Black | Sales Revenue | 2021/4 | 27229.0 | 20354.0 | 33.8 | | | Carbon Black | EBIT | 2021/4 | 2099.0 | 2544.0 | -17.5 | |
November (2021)
Cabot Corporation: Acquiring Tokai Carbon (Tianjin) Co., Ltd Carbon Black Plant Link...
Cabot Corporation has entered a definitive agreement to acquire Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group for $9 million, subject to customary closing adjustments. The carbon black plant, commissioned in 2006 is located in close proximity to Cabot’s current carbon black and speciality compounds facility in Tianjin, China. The acquisition is expected to support the growth of Cabot’s Battery Materials product line, while continuing to serve existing carbon black customers. The site currently produces up to 50 kMTpa of carbon black, Cabot plans to invest to upgrade the capabilities to produce battery grades as well as other carbon black products.
Tokai Group: 2021 Q3 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2021/3 | 25998.0 | 17770.0 | 46.3 | 1 | | Carbon Black | EBIT | 2021/3 | 2331.0 | 540.0 | 331.7 | 2 |
September (2021)
Tokai Group: Raising Prices for US Carbon Black Production Link...
Tokai Carbon CB Ltd are raising prices for all carbon black produced in the U.S. The rise of 44 USD/MT helps to offset costs for implementation of EPA emission reductions which have doubled from the original estimate.
August (2021)
Tokai Group: 2021 Q2 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2021/2 | 24669.0 | 11600.0 | 112.7 | 1 | | Carbon Black | EBIT | 2021/2 | 2546.0 | -1633.0 | 255.9 | |
May (2021)
Tokai Group: 2021 Q1 Results Link...
Tokai Group: General recovery in demand in the automotive sector tempered by the cold wave and power outage in southern USA. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2021 | 2020 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2021/1 | 21595.0 | 21030.0 | 2.7 | 1 | | Carbon Black | EBIT | 2021/1 | 1807.0 | 1741.0 | 3.8 | |
April (2021)
Tokai Group: Increasing Carbon Black Prices for Carbon Black Produced in Japan Link...
Tokai Carbon is increasing the price of carbon black produced in Japan by 26.8 JPY effective May 1, 2021. Tokai state that the price increases are required due to escalating raw material oil prices.
February (2021)
Cancarb: Completes Expansion Addition of Sixth Production Line Link...
Cancarb, part of Tokai Carbon, has completed the expansion at its Medicine Hat plant with the addition of a 9 kMTpa sixth production line giving the plant a final capacity of 54 kMTpa.
Tokai Group: 2020 Q4 Results Link...
Tokai Group: Strong recovery from 2020 Q3 onwards. Expecting carbon black to return to a growth trajectory in 2021 with improved operating margins through normalised utilisation rates. Future investments in carbon black business are based on improved yield and productivity through technology transfer between Japan and U.S. Tokai is also focusing on its response to carbon neutrality, with a target of virtually zero greenhouse emissions in 2025. In the case of carbon black they are focusing on raw materials such as natural origin, renewable and recycled, increased energy capture and improved yields in the process combined with carbon recycle by collection CO2. Product R&D is focusing on high durability carbon black and development of recycled carbon. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2020 | 70754.0 | 101751.0 | -30.5 | 1 | | Carbon Black | EBIT | 2020 | 3192.0 | 8512.0 | -62.5 | | | Carbon Black | Sales Revenue | 2020/4 | 20354.0 | 21392.0 | -4.9 | | | Carbon Black | EBIT | 2020/4 | 2544.0 | 543.0 | 368.5 | |
November (2020)
Tokai Group: 2020 Q3 Results Link...
Tokai Group: Current demand and shipments have come back to the same level as previous year in USMCA and Thai markets. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2020/3 | 17770.0 | 25764.0 | -31.0 | 1 | | Carbon Black | EBIT | 2020/3 | 540.0 | 2283.0 | -76.3 | |
October (2020)
Tokai Group: Increasing Carbon Black Prices in Japan Link...
Tokai Carbon is increasing the price of all carbon black grades manufactured in Japan by 11 Yen/Kg effective 1st November 2020. The price increase is due to escalating raw material costs.
September (2020)
Tokai Group: Raising Carbon Black Prices for US Production Link...
Tokai Carbon Co is increasing prices of US produced carbon black starting 1st October 2020 or as contracts allow. Prices are increasing by 40 to 50 USD/MT with the 88 USD/MT EPA surcharge remaining in place. The price increases have been implemented to enable Tokai Carbon to keep pace with increased operational costs within the carbon black industry.
August (2020)
Tokai Group: 2020 Q2 Results Link...
Tokai Group: Demand for carbon black from April to June 2020 period was severely depressed recording a 30% YoY drop in volume. Forecast 2020 SR drop of 34%. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2020/2 | 11600.0 | 27287.0 | -57.5 | 1 | | Carbon Black | EBIT | 2020/2 | -1633.0 | 2262.0 | -172.2 | |
May (2020)
Tokai Group: 2020 Q1 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2020 | 2019 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2020/1 | 21030.0 | 27308.0 | -23.0 | 1 | | Carbon Black | EBIT | 2020/1 | 1741.0 | 3424.0 | -49.2 | 2 |
April (2020)
Tokai Group: Carbon Black Price Increase in Japan Link...
Tokai Carbon have increased the price of all grades of carbon black by 6.0 JPYen/Kg effective May 1st 2020. The increase is due to the impact of the IMO sulphur regulations which have necessitated a move away from traditional indices to pricing revisions based on a crude oil index.
February (2020)
Tokai Group: 2019 FY and Q4 Results Link...
Tokai Group: 2020 forecast is for further margin reduction (-8.3%). Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2019 | 101751.0 | 76926.0 | 32.3 | 1 | | Carbon Black | EBIT | 2019 | 8512.0 | 10629.0 | -19.9 | 2 | | Carbon Black | Sales Revenue | 2019/4 | 21392.0 | 27939.0 | -23.4 | | | Carbon Black | EBIT | 2019/4 | 543.0 | 2834.0 | -80.8 | |
November (2019)
Tokai Group: 2019 Q3 Results Link...
Tokai Group: Strong headwinds continue in Asia. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2019/3 | 25764.0 | 19794.0 | 30.2 | 1 | | Carbon Black | EBIT | 2019/3 | 2283.0 | 2596.0 | -12.1 | |
2019/3 Consolidation of Tokai CB Ltd from September 2018 contributed to growth in net sales and operating income.
August (2019)
Tokai Group: 2019 Q2 Results Link...
Tokai Group: Volumes down to tire customers in Asia. Robust volumes in other regions. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2019/2 | 27287.0 | 14917.0 | 82.9 | 1 | | Carbon Black | EBIT | 2019/2 | 2262.0 | 2383.0 | -5.1 | |
July (2019)
Tokai Group: Increasing Carbon Black Prices in North America Link...
Tokai Carbon CB Ltd (TCCB) will increase the price of carbon black products by $0.06 per pound effective August 1st 2019, or as contracts allow. The EPA Consent Decree Surcharge will also increase from $0.03 to $0.4 per pound.
Effective January 1s 2020, TCCB is changing many of the standard pacing and premium charges.
New agreements conclulded in 2019 will use the above pricing as well as TCCB's actual corporate monthly average laid-in CBO cost as the feedstock reference price.
May (2019)
Tokai Group: 2019 Q1 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2019 | 2018 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2019/1 | 27308.0 | 14276.0 | 91.3 | 1 | | Carbon Black | EBIT | 2019/1 | 3424.0 | 2816.0 | 21.6 | |
February (2019)
Tokai Group: 2018 FY and Q4 Results Link...
Tokai Group: Following the acquisition of Sid Richardson in September 2018, Tokai are now adjusting their mid term management plan to leverage their new postion. The plan for the furnace carbon black part of the business has three parts: 1) Improve the margin position for the North American business where market supply is tight and share technology with other locations, 2) Manage feedstock use, energy recovery while reducing costs and improving output, 3) Increase product mix to high value-added products by sharing information on products developed in Japan. Tokai list their strengths as strategic production in global areas with tight supply (North America, Southeast Asia), technology for handling multiple feedstock types and ongoing development of high value products with major tire manufacturers. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2018 | 76926.0 | 47828.0 | 60.8 | 1 | | Carbon Black | EBIT | 2018 | 10629.0 | 6868.0 | 54.8 | 2 | | Carbon Black | Sales Revenue | 2018/4 | 27939.0 | 12465.0 | 124.1 | 3 | | Carbon Black | EBIT | 2018/4 | 2834.0 | 1559.0 | 81.8 | |
December (2018)
Tokai Group: Cancarb Ltd, Expanding Thermal Carbon Black Capacity Link...
Cancarb Ltd, a subsidiary of Tokai Carbon Co Ltd, is proceeding immediately with an expansion of its thermal carbon black production capacity. Targeted completion of line 6 is summer 2020 adding an addition 9 kMTpa capacity.
November (2018)
Tokai Group: 2018 Q3 Results Link...
Tokai Carbon continues to benefit from robust tire and automotive industry demand. The acquisition of Sid Richardson, which was converted into a Tokai Carbon subsidiary from September 2018 has added to sales and operating income. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China. Tokai acquired Cancarb (which produces thermal carbon black) in 2014 and also acquired Sid Richardson (a furnace carbon black manufacturer with three US production facilities) mid 2018. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2018/3 | 19794.0 | 11892.0 | 66.4 | 1 | | Carbon Black | EBIT | 2018/3 | 2596.0 | 1912.0 | 35.8 | 2 |
August (2018)
Tokai Group: 2018 Q2 Results Link...
Tokai Group: Furnace carbon black business benefiting from reduced Chinese carbon black production due to environmental regulations coupled with tight carbon black demand globally. Plants at full capacity. Acquistion of Sid Richardson due for completion in September 2018. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2018/2 | 14917.0 | 12160.0 | 22.7 | 1 | | Carbon Black | EBIT | 2018/2 | 2383.0 | 1918.0 | 24.2 | |
June (2018)
Tokai Group: Tokai Carbon To Acquire Sid Richardson Carbon Ltd Link...
Tokai Carbon have signed and agreement for an interest transfer and will proceed with the necessary contracts and regulations with the aim to complete the acquistion by early September 2018. This acquisition represents a strategic investment that is part of Tokai Carbon’s growth strategy under the Mid-Term Management Plan T-2018. It is especially important for us to establish a global production and sales system by advancing into the carbon black business in non-Asian regions.
RCCL Industry Analysis:
Analysis Snippet: Tokai Carbon to Acquire Sid Richardson The figure below shows Tokai Carbon's furnace carbon black capacity by region. Tokai Carbon have adjusted capacities in Asia over the last few years to optimise fixed costs and improve margins. The recent upturn in the furnace carbon black market makes this a prime time for this acquisition which extends their market reach. Tokai Carbon also acquired Cancarb in April 2014 giving them a world class thermal carbon black production base and extending their product offerings.  The positioning of the top ten furnace carbon black manufacturers is presented in the figure below. The acquisition of Sid Richardson will elevate Tokai to sixth place in terms of global furnace carbon black production capacity, just below China Synthetic Rubber Corporation. The move allows OCI Chemicals to enter the top ten just edging out Yaroslavl. 
May (2018)
Tokai Group: 2018 Q1 Results Link...
Tokai Group: Carbon black supply was tight worldwide with reduced volumes from Chinese manufacturers due to environmental legislation. Orders from tire manufacturers increased substantially. Capacity utilisation was high with an over 90% increase in operating income. Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY | Segment | Parameter | Period | 2018 | 2017 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2018/1 | 14276.0 | 11344.0 | 25.8 | 1 | | Carbon Black | EBIT | 2018/1 | 2816.0 | 1479.0 | 90.4 | 2 |
February (2018)
Tokai Group: 2017 Full Year and Q4 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY Tokai Carbon Carbon Black Segment sees substantial increases in sales revenue and operating margin. | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2017 | 47828.0 | 37764.0 | 26.6 | | | Carbon Black | EBIT | 2017 | 6868.0 | 4755.0 | 44.4 | | | Carbon Black | Sales Revenue | 2017/4 | 12465.0 | 9959.0 | 25.2 | | | Carbon Black | EBIT | 2017/4 | 1559.0 | 1473.0 | 5.8 | |
November (2017)
Tokai Group: Q3 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Currency values reported in: Millions of JPY Domestic tire manufacturer demand has increased due to reduced pressure from Chinese imports. Progress continues with margin improvements at overseas subsidiaries. | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2017/3 | 11892.0 | 9508.0 | 25.1 | 1 | | Carbon Black | EBIT | 2017/3 | 1912.0 | 1390.0 | 37.6 | 2 |
September (2017)
Tokai Group: Q2 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Tokai Group: JPY Millions | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2017/2 | 12160.0 | 8810.0 | 38.0 | 1 | | Carbon Black | EBIT | 2017/2 | 1918.0 | 775.0 | 147.5 | 2 |
1 Demand from tire and auto industries was strong. Volume sales increased. 2 Profit increased due to increased product prices (offsetting price of crude) and from structural reform in the previous year.
August (2017)
Tokai Group: Thai Tokai Carbon Product Co Becomes Wholly Owned Subsidiary Link...
Tokai Carbon Co., Ltd. (the Company) made Thai Tokai Carbon Product Co., Ltd. (TCP), its consolidated subsidiary, a wholly owned subsidiary by acquiring additional 5% of TCP’s shares. This is to enable Tokai Carbon to strengthen the business in view of expected future growth in Southeast Asia.
Tokai Group: 2016 FY and Q4 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Tokai Group: JPY Millions | Segment | Parameter | Period | 2016 | 2015 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2016 | 37764.0 | 46224.0 | -18.3 | | | Carbon Black | EBIT | 2016 | 4755.0 | 1305.0 | 264.4 | 1 | | Carbon Black | Sales Revenue | 2016/4 | 9959.0 | 9967.0 | -.1 | | | Carbon Black | EBIT | 2016/4 | 1473.0 | 28.0 | 5160.7 | |
1 Ebit increased due to reduced labour and costs at the Chinese and Thai operations.
May (2017)
Tokai Group: Q1 Results Link...
Tokai Carbon Co Ltd operates in five reporting segments one of which is carbon black. Tokai carbon produce carbon black in Japan, Thailand and China, they acquired Cancarb (which produces thermal carbon black) in 2014. RCCL tracks Tokai's carbon black segment. Tokai Group: JPY Millions | Segment | Parameter | Period | 2017 | 2016 | YoY, % | Notes |
|---|
| Carbon Black | Sales Revenue | 2017/1 | 11344.0 | 9487.0 | 19.6 | 1 | | Carbon Black | EBIT | 2017/1 | 1479.0 | 1117.0 | 32.4 | 2 |
1 Increased sales volume 2 Increased sales coupled with improved operability.
November (2016)
Tokai Carbon Co., Ltd: 2016 Q3 Results Link...
Carbon Black: Cummulative sales revenue down 23.9% YOY to 27805 MM JPY.
Carbon Black: Operating income up 177.4% on same period previous year.
Selling prices are still surpressed partially due to low crude prices and also due to lower domestic tire production. Operating income has improved due to cost efficiencies in foreign operations.
Q2 2016 results and notes indicate an impairment charge for the closure of a carbon black production line confirmed to be Tianjin in Q3 financial statement.
August (2016)
Tokai Carbon Co., Ltd: 2016 Q2 Results Link...
Carbon Black: Cummulative net sales revenue decreased 26.9% YOY to 18297 MM JPY
Carbon Black: Cummulative operating income increased 188% YOY to 1892 MM JPY
The sales revenue decrease was partly due to revision of domestic prices due to ongoing decline in raw material costs. Operating income increased due to margin improvements from cost reductions at overseas subsidiaries.
Domestic tire production remained lower than the previous year and competition with Chinese imports intensified especially in Thailand.
The groups T-2018 plan is looking to reduce production capacity and shift to higher value goods especially in China.
May (2016)
Tokai Carbon Co., Ltd: 2016 Q1 Results Link...
Carbon Black: Net sales revenue decreased 27.3% YOY to 9487 MM JPY
Carbon Black: Operating income increased 188% YOY to 1117 MM JPY
The sales revenue decrease was due to revision of domestic prices due to ongoing decline in raw material costs. Operating income increased due to margin improvements.
Domestic tire production reduced against expectations and competition with Chinese imports intensified especially in Thailand.
The groups new T-2018 plan is looking to optimise Asian and domestic carbon black production as well explore new markets.
March (2016)
Tokai Carbon Co., Ltd: 2015 FY Results Link...
Carbon Black: Sales revenue decreased by 15.7% YOY, income decreased by 53.6% YOY.
The sales revenue decrease was due to revision of domestic prices due to ongoing decline in raw material costs. Operating income increased due to margin improvements.
Domestic tire production reduced against expectations and competition with Chinese imports intensified especially in Thailand.
The groups new T-2018 plan is looking to optimise Asian and domestic carbon black production as well explore new markets.
November (2015)
Tokai Group: Growing Presence in North America Link...
Tokai Carbon plans to grow its presence in North America for furnace carbon black utilising the recently acquired Cancarb warehousing and consumer base as a growth catalyst.
January (2014)
Cancarb: Trans Canada Corp has agreed to sell Cancarb to Tokai Carbon Link...
CALGARY, Alberta—TransCanada Corp. has agreed to sell thermal carbon black maker Cancarb Ltd. and its related power generation facility to Tokai Carbon Co. Ltd. for $190 million. The transaction is expected to close late in this year's first quarter, subject to various approvals. According to TransCanada, the divestiture of Cancarb and its waste heat recovery power plant, located in Medicine Hat, Alberta, allows it to capitalize on current market conditions and better align its asset base with the company's strategic direction, focused on large-scale pipeline and power generation projects in Canada, the U.S. and Mexico. Cancarb, acquired by TransCanada in 1981, is a producer of thermal carbon black, a specialized form of carbon black derived from super-heated natural gas that is used in a wide range of industrial and automotive products, including high-grade rubber, insulation and ceramics. The adjoining 41-megawatt power plant that was added in 2001 captures large volumes of waste heat from the manufacturing process to produce electricity that is sold into Medicine Hat's electrical grid, helping to reduce greenhouse gas emissions.TransCanada regularly evaluates it portfolio of assets, according to Russ Girling, TransCanada president and chief executive officer. "The proceeds from this sale will help fund TransCanada's unprecedented capital growth plan that includes $38 billion in new projects to be completed by the end of the decade," he said. Girling said that low natural gas prices, "combined with Cancarb's strong performance and global market share for thermal carbon black, made it an attractive investment for prospective buyers. Decisions like this are intended to build a stronger company for everyone, and we are committed to ensuring Cancarb's employees are treated fairly during the transition to new ownership." Tokyo-based Tokai Carbon Co. Ltd. is an international supplier of furnace carbon black and other carbon ceramic-related products. TransCanada previously attempted to sell Cancarb in 2000 to Sid Richardson Carbon Co.; however Sid Richardson bowed out of the agreement in 2001, citing changing economic conditions
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