Tokai Carbon : Rating and Investment Information, Inc. (R&I) to upgrade rating of Tokai Carbon
May 01, 2023 at 03:08 am EDT
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Rating and Investment Information,
Inc. (R&I) to upgrade rating of Tokai Carbon
May 1,2023
Tokai Carbon Co., Ltd. is pleased to announce that its long term credit rating was
upgraded to "A" with "Stable" outlook by Rating and Investment Information, Inc. (R&I) .
１. Rating
Item
Rating
Rating Outlook
Issuer Rating
A- → A
Stable
R&I Ratings：as of May 1, 2023
※For more details please refer to R&I website (https://www.r-i.co.jp/en/index.html)
２．Purpose of obtaining evaluation
We will enhance management stability and external creditworthiness by gaining an objective
assessment of our business and financial condition from third party. We aim to diversify, stabilize
and engage in more flexible funding to support the future expansion of our business domains.
Contact
Naoki Hirai, General Manager, Accounting and Finance Department
Tel 03-3746-5200
Tokai Carbon Co. Ltd. published this content on 01 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 May 2023 07:07:06 UTC.
Tokai Carbon Co., Ltd. is one of the Japanese leaders in manufacturing and marketing of coal and graphite products. The group is also producing industrial furnaces. Net sales break down by family of products as follows:
- coal and graphite products (69.6%): coal, graphite electrodes, special graphite and friction materials primarily for industrial, electronic, energy, automotive and mechanic applications;
- cathodes for smelting aluminum and furnace linings (18.1%);
- industrial furnaces and heating products (6.9%): for thermal processing of ceramic products, electronic components, metals, glasses, etc.;
- other (5.4%).
Net sales break down geographically as follows: Japan (24.6%), Asia (26.7%), the United States (26.5%), Europe (11.6%) and other (10.6%).
TOKAI CARBON CO., LTD. 
