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Tokai Carbon Co
(5301)
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Rating:64Neutral
Price Target:
¥1,923.00
▲(17.83% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by mixed financial performance: strong operating cash flow and a rebound to positive earnings in 2025 are offset by volatile profitability, recent revenue declines, and moderately higher leverage. Technicals are supportive with a clear uptrend and positive momentum, while valuation is neutral with a mid-range P/E and a modest dividend yield.
Positive Factors
Consistent Operating Cash Flow
Reliable operating cash generation provides internal funding for production, working capital and debt service. This resilience can help Tokai Carbon manage cyclical demand and sustain operations without depending entirely on external financing.
Negative Factors
Recent Revenue Decline
A shrinking top line signals weaker demand, pricing or product volumes across the portfolio. Sustained revenue pressure could reduce plant utilization and operating leverage, making it harder to maintain margins and absorb fixed manufacturing costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Operating Cash Flow
Reliable operating cash generation provides internal funding for production, working capital and debt service. This resilience can help Tokai Carbon manage cyclical demand and sustain operations without depending entirely on external financing.
Read all positive factors
Tokai Carbon Co (5301) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥351.38B
Dividend Yield2.13%
Average Volume (3M)1.36M
Price to Earnings (P/E)18.6
Beta (1Y)1.27
Revenue Growth0.40%
EPS GrowthN/A
CountryJP
Employees4,436
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)88.45
Shares Outstanding225,171,140
10 Day Avg. Volume1,199,100
30 Day Avg. Volume1,362,263
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)0.65
Price to Sales (P/S)0.64
P/FCF Ratio14.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,800.00Price Target Upside10.29% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)71.76
Revenue Forecast (FY)¥371.30B
Tokai Carbon Co Business Overview & Revenue Model
Company Description
Tokai Carbon Co., Ltd., headquartered in Tokyo, Japan, is a leading provider and manufacturer of a broad spectrum of carbon-based goods and services. The company's offerings include high-performance graphite electrodes, indispensable for electric ...
How the Company Makes Money
Tokai Carbon makes money primarily by manufacturing and selling carbon and graphite materials, with revenues driven by product shipments to industrial customers. A key revenue stream is the sale of graphite electrodes, which are consumable compone...
Tokai Carbon Co Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 338.61B | 322.96B | 350.11B | 363.95B | 340.37B | 258.87B |
| Gross Profit | 78.79B | 74.85B | 62.21B | 81.49B | 78.25B | 56.04B |
| EBITDA | 69.34B | 66.35B | -3.95B | 80.78B | 78.14B | 54.27B |
| Net Income | 18.78B | 20.08B | -56.73B | 25.47B | 22.42B | 16.11B |
Balance Sheet | ||||||
| Total Assets | 683.30B | 664.03B | 658.78B | 640.00B | 576.47B | 512.50B |
| Cash, Cash Equivalents and Short-Term Investments | 86.40B | 90.16B | 92.21B | 77.47B | 70.91B | 78.86B |
| Total Debt | 217.20B | 207.34B | 199.11B | 171.28B | 171.45B | 171.97B |
| Total Liabilities | 327.09B | 311.18B | 333.62B | 279.90B | 275.59B | 255.93B |
| Stockholders Equity | 321.47B | 318.36B | 289.56B | 324.49B | 268.83B | 229.21B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 14.77B | 10.91B | 16.71B | -2.78B | 9.12B |
| Operating Cash Flow | 0.00 | 55.87B | 64.47B | 62.07B | 41.20B | 38.07B |
| Investing Cash Flow | 0.00 | -51.05B | -70.78B | -47.63B | -49.90B | -35.28B |
| Financing Cash Flow | 0.00 | -7.69B | 9.41B | -14.51B | -10.63B | 1.21B |
Tokai Carbon Co Technical Analysis
Neutral
1632.00
Price Trends
1688.00
Negative
1522.68
Positive
1259.21
Positive
Market Momentum
6.05
Positive
43.71
Neutral
5.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5301, the sentiment is Neutral. The current price of 1632 is below the 20-day moving average (MA) of 1688.22, below the 50-day MA of 1688.00, and above the 200-day MA of 1259.21, indicating a neutral trend. The MACD of 6.05 indicates Positive momentum. The RSI at 43.71 is Neutral, neither overbought nor oversold. The STOCH value of 5.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5301.
Tokai Carbon Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥46.83B | 18.23 | ― | 2.32% | 2.17% | 4.31% | |
70 Outperform | ¥54.17B | 13.81 | 8.62% | 4.21% | 2.65% | -4.30% | |
69 Neutral | ¥52.50B | 106.23 | ― | 4.32% | -3.28% | -88.36% | |
67 Neutral | ¥31.86B | 12.13 | ― | 3.21% | 2.72% | 24.14% | |
64 Neutral | ¥351.38B | 18.58 | 6.21% | 2.14% | 0.40% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | ¥48.09B | -137.38 | ― | 3.24% | 7.26% | -118.07% |
* Basic Materials Sector Average
JP:5301
Tokai Carbon Co
1,643.00
646.21
64.83%
JP:5302
Nippon Carbon Co
4,880.00
892.82
22.39%
JP:4027
Tayca Corporation
2,389.00
1,147.91
92.49%
JP:4064
Nippon Carbide Industries Company,Incorporated
3,370.00
1,341.28
66.11%
JP:4092
Nippon Chemical Industrial Co., Ltd.
5,430.00
2,661.08
96.11%
JP:5304
SEC Carbon Ltd.
2,557.00
434.60
20.48%
Tokai Carbon Co Corporate Events
Tokai Carbon Lifts Dividend as Sales Grow Despite Weaker First-Half Profit
Aug 5, 2026
Tokai Carbon reported consolidated net sales of ¥173.7 billion for the first half of 2026, up 9.9% year on year, with operating income rising 10.5% to ¥15.1 billion and ordinary income up 9.3% to ¥14.8 billion. Semi-annual net incom...
Tokai Carbon Lifts FY2026 Earnings Outlook on Strong Segment Performance
Aug 5, 2026
Tokai Carbon reported that its consolidated results for the first half of fiscal 2026 exceeded earlier forecasts, driven by higher sales in its Carbon Black and Fine Carbon segments and cost reductions across businesses including Smelting Lining....
Tokai Carbon Reshapes Carbon Black Leadership to Drive Rebuilding Project
Aug 5, 2026
Tokai Carbon Co., Ltd. has announced a management change within its carbon black division, effective September 21, 2026. Executive Officer Shinichi Makino will assume the additional role of General Manager of the Chita Plant while continuing as De...
Tokai Carbon Finalizes Adjustment on Accelerated Share Repurchase
Aug 4, 2026
Tokai Carbon Co., Ltd. has finalized the ex post facto adjustment related to its fully committed share repurchase program, concluding the process for acquiring its own shares initially announced in mid-May 2026. The company determined that the fin...
Tokai Carbon Confirms Safety and Rapid Recovery at Key Kumamoto Graphite Plant After Quake
Jul 30, 2026
Tokai Carbon Co., Ltd. reports that all employees at its Tanoura Plant are safe following the Kumamoto Earthquake on July 28, 2026, and that the site has avoided major damage to buildings and production equipment. The Tanoura facility, a core Fine...
Tokai Carbon Assesses Tanoura Plant After Kumamoto Earthquake; No Major Damage Reported
Jul 29, 2026
Tokai Carbon Co., Ltd., a key supplier of isotropic graphite for semiconductors, solar cells, and industrial uses, reported on the impact of the July 28 Kumamoto Earthquake on its Tanoura Plant in Ashikita-machi. The facility plays a central role ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.