Contents2Corporate Philosophy 3Contents/Editorial Policies 23Chapter 2Business Report 14Chapter 1 Our Vision and Strategy4Our Business and Organization by the Numbers 62019 Performance Data 8 Value Creation 8History of Value Creation 10Tokai Carbon in Society12Value Creation Model 29Chapter 3Sustainability Report30Interview with the President 44 Ten-year Summary (2010 - 2019) 46 Financial StatementsConsolidated Balance SheetsConsolidated Statement of OperationsConsolidated Statements of Cash Flows 53 Basic Information on Our Major BusinessesGraphite Electrodes/Carbon Black/Fine Carbon/Industrial Furnaces and Related Products/Smelting and Lining 58 Company Overview 59 History 60 Group Companies 62 Stock Information 35 Environmental Conservation36 Occupational Safety and Health37Respecting Human Rights/Human Resource Development38 Reliable Supplies of Products/CSR Procurement 39 Corporate Governance34CSR Management15Message from the President202019 HighlightsLeading German manufacturer, COBEX HoldCo, becomes a wholly owned subsidiary 24Business OverviewGraphite Electrodes/Carbon Black/Fine Carbon/Smelting and Lining/Industrial Furnace and Related Products/Other Businesses (Friction Materials, Anode Materials) 43Data SectionEditorial PolicyThe Tokai Carbon Group pursues medium- to long-term business strategies to realize its long-term vision of being “A Global Carbon Company Contributing to a Better Society.” This Annual Report presents our business results and outlook, and overviews of individual businesses, from both nancial and non-nancial perspectives.Our website presents the latest information and details on our businesses and on environmental and social matters. We invite you to visit it to learn more about Tokai Carbon. https://www.tokaicarbon.co.jp/en/Issue Date June 2020Reporting Scope This report applies to Tokai Carbon Co., Ltd. and afliated companies. The scope of applicability for reports with a limited reporting scope shall be indicated separately.Reporting Period Excluding content with specic dates, this report reects activities between January 1, 2019 and December 31, 2019.WEBPast and present ambitions for sustainably expanding global operations3TOKAI CARBON ANNUAL REPORT 2019
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