2018 Financial HighlightsDirection of Business PerformanceIn 2018, each of Tokai Carbon’s businesses turned in a solid performance with surging prots. Consolidated net sales rose by 117.7% and consolidated operating income rose by 578.6% year on year. Global developments in terms of a worldwide increase in crude steel production and rapid recovery in electric furnace steel production underpinned a strong year in the graphite electrode business. The North American manufacturing base acquired in 2017 also contributed to the rise in earnings. The same was true for companies acquired in the carbon black and ne carbon businesses as well.231,302Up 117.7% YoYNet Sales (JPY million)Up 578.6% YoY75,284Operating Income (JPY million)32.5%ROS25,403Fine Carbon Division76,926Carbon Black Division11,371Industrial Furnaces and Related Products Division15,525Other Businesses102,075332.3%60.8%75.8%66.7%14.6%Graphite Electrodes Division5TOKAI CARBON ANNUAL REPORT 2018
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