Tokai Carbon raises 2026 outlook on automotive and tire market recovery
Tokai Carbon has raised its full-year 2026 forecast after first-half results came in ahead of its earlier expectations, with the Japanese carbon materials producer citing a projected recovery in automotive and tire industry demand. The company now expects full-year net sales of Yen386 billion, about €2 billion, up from its previous forecast of Yen370 billion and 19.5% higher than 2025 sales. Operating income is now forecast at Yen35 billion, compared with the previous forecast of Yen28 billion and Yen25.85 billion in 2025. Tokai said the revision reflects expected demand recovery in the automotive and tire markets, which are key customers for its carbon black segment. The update is relevant to the tire industry because carbon black remains one of the main reinforcing materials used in tire production, and demand trends in this segment often reflect broader movements in tire manufacturing and automotive supply chains.