Tokai Carbon Future Growth

Future criteria checks 4/6

Tokai Carbon is forecast to grow earnings and revenue by 29.6% and 7.7% per annum respectively. EPS is expected to grow by 29.7% per annum. Return on equity is forecast to be 8.6% in 3 years.

Key information

29.6%

Earnings growth rate

29.7%

EPS growth rate

Chemicals earnings growth	13.2%
Revenue growth rate	7.7%
Future return on equity	8.6%
Analyst coverage	Low
Last updated	07 Nov 2024

Recent future growth updates

Recent updates

These 4 Measures Indicate That Tokai Carbon (TSE:5301) Is Using Debt Extensively

Jun 07

Tokai Carbon's (TSE:5301) Dividend Will Be Reduced To ¥15.00

May 10

Insufficient Growth At Tokai Carbon Co., Ltd. (TSE:5301) Hampers Share Price

Apr 14

Tokai Carbon (TSE:5301) Has A Somewhat Strained Balance Sheet

Mar 02

Earnings and Revenue Growth Forecasts

TSE:5301 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	408,700	28,167	31,400	N/A	3
12/31/2025	378,650	19,700	13,033	N/A	4
12/31/2024	358,100	12,625	21,000	N/A	4
9/30/2024	354,930	9,677	N/A	N/A	N/A
6/30/2024	356,440	13,225	8,197	60,210	N/A
3/31/2024	359,577	19,131	N/A	N/A	N/A
12/31/2023	363,946	25,468	12,457	62,074	N/A
9/30/2023	361,714	27,672	N/A	N/A	N/A
6/30/2023	361,729	29,069	-3,806	48,700	N/A
3/31/2023	357,389	26,338	N/A	N/A	N/A
12/31/2022	340,371	22,418	-4,006	41,205	N/A
9/30/2022	320,111	22,667	N/A	N/A	N/A
6/30/2022	298,564	19,650	3,121	33,456	N/A
3/31/2022	274,418	18,181	N/A	N/A	N/A
12/31/2021	258,874	16,105	8,542	38,072	N/A
9/30/2021	242,014	9,560	N/A	N/A	N/A
6/30/2021	225,184	4,569	12,427	43,990	N/A
3/31/2021	202,720	-1,596	N/A	N/A	N/A
12/31/2020	201,542	1,019	27,792	55,022	N/A
9/30/2020	208,027	1,964	N/A	N/A	N/A
6/30/2020	216,590	8,085	25,123	52,173	N/A
3/31/2020	245,980	23,341	N/A	N/A	N/A
12/31/2019	262,028	31,994	17,031	41,664	N/A
9/30/2019	274,541	45,613	N/A	N/A	N/A
6/30/2019	278,790	55,858	24,236	40,529	N/A
3/31/2019	258,545	77,967	N/A	N/A	N/A
12/31/2018	231,302	73,998	34,991	44,109	N/A
9/30/2018	186,570	62,742	N/A	N/A	N/A
6/30/2018	148,756	50,169	N/A	23,927	N/A
3/31/2018	123,743	19,479	N/A	N/A	N/A
12/31/2017	106,252	11,816	N/A	10,543	N/A
9/30/2017	97,274	5,955	N/A	N/A	N/A
6/30/2017	92,892	3,825	N/A	13,795	N/A
3/31/2017	90,041	-6,361	N/A	N/A	N/A
12/31/2016	88,580	-7,929	N/A	17,505	N/A
9/30/2016	90,740	-4,326	N/A	N/A	N/A
6/30/2016	95,752	-3,913	N/A	18,846	N/A
3/31/2016	99,860	2,035	N/A	N/A	N/A
12/31/2015	104,864	2,484	N/A	20,613	N/A
9/30/2015	110,360	2,368	N/A	N/A	N/A
6/30/2015	113,123	2,279	N/A	16,175	N/A
3/31/2015	115,044	2,923	N/A	N/A	N/A
12/31/2014	114,576	2,562	N/A	11,983	N/A
9/30/2014	110,619	1,528	N/A	N/A	N/A
6/30/2014	105,929	1,003	N/A	11,802	N/A
3/31/2014	104,381	918	N/A	N/A	N/A
12/31/2013	100,935	1,213	N/A	11,606	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5301's forecast earnings growth (29.6% per year) is above the savings rate (0.3%).

Earnings vs Market: 5301's earnings (29.6% per year) are forecast to grow faster than the JP market (8% per year).

High Growth Earnings: 5301's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 5301's revenue (7.7% per year) is forecast to grow faster than the JP market (4.2% per year).

High Growth Revenue: 5301's revenue (7.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 5301's Return on Equity is forecast to be low in 3 years time (8.6%).

Tokai Carbon Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target decreased by 8.5% to JP¥1,025

Consensus EPS estimates fall by 20%

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 11%

Price target decreased by 9.4% to JP¥1,308

Price target decreased by 9.4% to JP¥1,368

Recent updates

Third quarter 2024 earnings released: EPS: JP¥9.01 (vs JP¥25.66 in 3Q 2023)

Price target decreased by 8.5% to JP¥1,025

Tokai Carbon's (TSE:5301) Dividend Will Be ¥15.00

Tokai Carbon (TSE:5301) Has A Somewhat Strained Balance Sheet

Tokai Carbon's (TSE:5301) Dividend Will Be ¥15.00

Tokai Carbon (TSE:5301) Is Due To Pay A Dividend Of ¥15.00

Dividend of JP¥15.00 announced

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 21%

Tokai Carbon Co., Ltd.'s (TSE:5301) Shares Not Telling The Full Story

Upcoming dividend of JP¥15.00 per share

These 4 Measures Indicate That Tokai Carbon (TSE:5301) Is Using Debt Extensively

Consensus EPS estimates fall by 20%

First quarter 2024 earnings released: EPS: JP¥7.63 (vs JP¥37.36 in 1Q 2023)

Tokai Carbon's (TSE:5301) Dividend Will Be Reduced To ¥15.00

Tokai Carbon Co., Ltd. Provides Dividend Guidance for Second Quarter and the Fiscal Year Ending December 31, 2024

Insufficient Growth At Tokai Carbon Co., Ltd. (TSE:5301) Hampers Share Price

Final dividend of JP¥15.00 announced

Tokai Carbon Co., Ltd. (TSE:5301) agreed to acquire 3% stake in Tokai Carbon Korea Co., Ltd. (KOSDAQ:A064760) from KC Co., Ltd. (KOSE:A029460) for ¥5.2 billion.

Tokai Carbon Co., Ltd. to Report Q3, 2024 Results on Nov 06, 2024

Tokai Carbon Co., Ltd. to Report Q1, 2024 Results on May 09, 2024

Consensus EPS estimates fall by 11%

Tokai Carbon (TSE:5301) Has A Somewhat Strained Balance Sheet

Full year 2023 earnings: EPS exceeds analyst expectations

Tokai Carbon Co., Ltd., Annual General Meeting, Mar 28, 2024

Upcoming dividend of JP¥18.00 per share at 3.5% yield

Consensus EPS estimates fall by 11%

Third quarter 2023 earnings released: EPS: JP¥25.66 (vs JP¥32.22 in 3Q 2022)

Price target decreased by 9.4% to JP¥1,308

Price target decreased by 9.4% to JP¥1,368

Tokai Carbon Co., Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024

Tokai Carbon Co., Ltd. Announces Management Changes, Effective as of September 1, 2023

Second quarter 2023 earnings released: EPS: JP¥37.24 (vs JP¥24.43 in 2Q 2022)

Tokai Carbon Co., Ltd. to Report Q3, 2023 Results on Nov 07, 2023

Upcoming dividend of JP¥18.00 per share at 2.8% yield

Tokai Carbon Co., Ltd. Provides Earnings Guidance for the First Six Months and Full Year of Fiscal Year Ending December 31, 2023

First quarter 2023 earnings released: EPS: JP¥37.36 (vs JP¥18.97 in 1Q 2022)

Investor sentiment improves as stock rises 16%

Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat

Tokai Carbon Co., Ltd., Annual General Meeting, Mar 30, 2023

Tokai Carbon Co., Ltd. Announces Notice on Changes in the Management

Tokai Carbon Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022

Tokai Carbon Co., Ltd. Announces Executive Changes

Tokai Carbon Co., Ltd. to Report Fiscal Year 2022 Results on Feb 09, 2023

Upcoming dividend of JP¥15.00 per share

Third quarter 2022 earnings released: EPS: JP¥32.22 (vs JP¥18.06 in 3Q 2021)

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: JP¥32.21 (vs JP¥18.06 in 3Q 2021)

Price target decreased to JP¥1,500

Tokai Carbon Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022

Second quarter 2022 earnings released: EPS: JP¥24.43 (vs JP¥17.54 in 2Q 2021)

Tokai Carbon Co., Ltd. Announces Management Changes

Upcoming dividend of JP¥15.00 per share

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Price target decreased to JP¥1,838

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Tokai Carbon Co., Ltd. Announces Executive Changes

Tokai Carbon Co., Ltd., Annual General Meeting, Mar 30, 2022

Upcoming dividend of JP¥15.00 per share

Third quarter 2021 earnings released: EPS JP¥18.06 (vs JP¥5.35 loss in 3Q 2020)

Investor sentiment improved over the past week

Consensus EPS estimates increase to JP¥59.82

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS JP¥17.54 (vs JP¥11.38 loss in 2Q 2020)

Upcoming dividend of JP¥15.00 per share

Tokai Carbon Co., Ltd. Provides Dividend Guidance for the Six Months Ending June 30, 2021 and Full Year Ending December 31, 2021

First quarter 2021 earnings released: EPS JP¥9.23 (vs JP¥21.50 in 1Q 2020)

Full year 2020 earnings released: EPS JP¥4.78 (vs JP¥150 in FY 2019)