Corporate Events

Tokai Carbon Co., Ltd. announced Changes in Member of the Board and Executive Officer. Name: Takashi Masaki; Current Position: Member of the Board;Executive Officer;General Manager, Smelting & Lining Division. New Position: Member of the Board; Executive Officer; Chief Restructuring Officer. Name: Hideo Shin. Current Position: Executive Officer; General Manager, Fine Carbon Division. New Position: Executive Officer; Co-Chief Executive Officer, Tokai COBEX. Name:Kazuyoshi Haino. Current Position: Executive Officer; President of Tokai Carbon U.S.A. Inc.; President of MWI Inc.; President of KBR Inc. New Position: Executive Officer; Special Technical Advisor, Tokai COBEX. Effective from July 21, 2025.

Tokai Carbon Co., Ltd., Board Meeting, Jul 07, 2025. Agenda: To approve signing the share purchase agreement for the acquisition of all shares of BRIDGESTONE CARBON BLACK (Thailand) CO., LTD. owned by Bridgestone Corporation and Asahi Carbon Co., Ltd.

Tokai Carbon Co., Ltd. (TSE:5301) and Thai Tokai Carbon Product Co., Ltd. agreed to acquire Bridgestone Carbon Black (Thailand) Co.,Ltd. from Bridgestone Corporation (TSE:5108) and Asahi Carbon Co. Ltd on July 7, 2025. A cash consideration will be paid by Tokai Carbon Co., Ltd. and Thai Tokai Carbon Product Co., Ltd. As part of consideration, an undisclosed value is paid towards common equity of Bridgestone Carbon Black (Thailand) Co.,Ltd. Upon completion of the transaction, Tokai Carbon Co., Ltd. will own 1% and Thai Tokai Carbon Product Co., Ltd. will own 99% of the shares. Bridgestone Carbon Black (Thailand) Co.,Ltd. is expected to become consolidated subsidiary of Tokai Carbon Co., Ltd. For the period ending December 31, 2024, Bridgestone Carbon Black (Thailand) Co.,Ltd. reported total revenue of THB 2.35 billion, EBIT of THB 54 million and net income of THB 42 million. As of December 31, 2024, Bridgestone Carbon Black (Thailand) Co.,Ltd. reported total assets of THB 2.35 billion and total common equity of THB 2.07 billion. The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is September 30, 2025.

Lenbach Equity Opportunities III managed by DUBAG Investment Advisory GmbH agreed to acquire TOKAI ERFTCARBON GmbH from Tokai Carbon Co., Ltd. (TSE:5301) on May 16, 2025. A cash consideration will be paid by Lenbach Equity Opportunities III and DUBAG Investment Advisory GmbH. As part of consideration, an undisclosed value is paid towards common equity of TOKAI ERFTCARBON GmbH. For the period ending December 31, 2024, TOKAI ERFTCARBON GmbH reported total revenue of €72.6 million, operating loss of €45.6 million and net loss of €46.1 million. As of December 31, 2024, TOKAI ERFTCARBON GmbH reported total assets of €81.5 million and total common equity of €39.7 million. The transaction is expected to close in June 2025. Lenbach Equity Opportunities III managed by DUBAG Investment Advisory GmbH completed the acquisition of TOKAI ERFTCARBON GmbH from Tokai Carbon Co., Ltd. (TSE:5301) on June 30, 2025. As a result of this share transfer, TEG will no longer be included in the scope of consolidation, effective from the second quarter of the fiscal year ending December 2025. Ronald Meißner, LL.M., Dr. Florian Anselm, Dr. Attila Bangha-Szabo, Mark Leonard, Werner Geißelmeier, Dr. Fabian Klein, Dr. Michael Reich, Julia Stubert and Dr. Joël Hofmann of Pinsent Masons Germany LLP. Takanari Sekiguchi of Hibiya-Nakata acted jointly with Pinsent Masons Germany LLP. Sven Schweneke, Laurenz Kiefer, Dr. Philip Cavaillès, Dr. Adrian Birnbach, Dr. Stefan Horn, Dr. Michael Brüggemann, Julia Siedhoff and Julian C. Ludwig of Taylor Wessing acted as legal advisor to Lenbach Equity Opportunities III.

Tokai Carbon Co., Ltd. regrets to announce that one of its Outside Directors (Independent Officer), Mr. Toshiro Miyazaki, passed away on May 1, 2025, and accordingly resigned from the position on the same date. Following this resignation, the number of directors remains in compliance with the requirements set forth in applicable laws and the Articles of Incorporation.

Tokai Carbon Co., Ltd., ¥ 15.0, Cash Dividend, Jun-27-2025

Tokai Carbon Co., Ltd., Board Meeting, Mar 27, 2025. Agenda: To consider the Notice Concerning Disposal of Treasury Shares as Restricted Stock Remuneration.

Tokai Carbon Co., Ltd. announced dividend of JPY 15.00 per share for the fiscal year ended December 31, 2024 compared to JPY 18.00 per share a year ago, payable on March 28, 2025.

Tokai Carbon Co., Ltd. provided earnings guidance for the first six months and full year of fiscal year ending December 31, 2025. For the six months, the company expects net sales to be JPY 169,500 million, operating income to be JPY 10,400 million, net income attributable to owners of the parent company to be JPY 6,000 million and net income per share to be JPY 28.11. For the full year, the company expects net sales to be JPY 341,000 million, operating income to be JPY 23,000 million, net income attributable to owners of the parent company to be JPY 11,000 million and net income per share to be JPY 51.53.

Tokai Carbon Co., Ltd. provided dividend guidance for second quarter and the fiscal year ending December 31, 2025. For the quarter, the company expects to pay dividend of JPY 15.00 per share. For the year, the company expects to pay dividend of JPY 15.00 per share.

Tokai Carbon Co., Ltd., Annual General Meeting, Mar 27, 2025, at 10:00 Tokyo Standard Time. Location: 2-3, Kita-Aoyama 1-Chome, Minato-ku Japan Agenda: To consider the business report, the consolidated financial statements and the results of consolidated financial statement audits by the Accounting Auditor and the Board of Auditors for the fiscal year 2024 business period (January 1, 2024, to December 31, 2024); to consider the non-consolidated financial statements for the fiscal year 2024 business period (January 1, 2024, to December 31, 2024); to consider appropriation of Retained Earnings; to consider election of Nine (9) Directors; and to consider election of One (1) Substitute Auditor.

Tokai Carbon Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025

Tokai Carbon Co., Ltd., Q1 2025 Earnings Call, May 15, 2025

Tokai Carbon Co., Ltd. announced dividend of JPY 15.00 per share for the end of second quarter of the fiscal year ending December 31, 2024 against JPY 18.00 per share paid a year ago. Scheduled date to commence dividend payments is September 2, 2024.

Tokai Carbon Co., Ltd., ¥ 15.0, Cash Dividend, Dec-27-2024