Prices as of 2026/10/30 close
Company comparison · Cement & Carbon Products
Taiheiyo Cement is the largest by revenue at ¥898.4B, followed by Tokai Carbon (¥323.0B), Nichias (¥251.9B) and Toyo Tanso (¥46.2B).
Nichias has the highest operating margin at 14.7%, 6.7 points above the lowest, Tokai Carbon (8.0%).
Revenue growth in the latest results: Taiheiyo Cement +0.2%, Nichias −1.8%, Tokai Carbon −7.8%, Toyo Tanso −13.0%. For next year, Nichias guides for the fastest operating profit growth (+21.6%).
Taiheiyo Cement pays the most on average (¥7.64M), ¥0.39M more than Toyo Tanso (¥7.25M).
Over the past year the shares moved Tokai Carbon +87.7%, Nichias +72.7%, Toyo Tanso +39.4%, Taiheiyo Cement +1.4%.
Head-to-head wins18 metrics
One win per metric for the company with the best value. Metrics with no better or worse (P/E, average age, employees) are excluded.
ScaleInvestors
Taiheiyo Cement aheadTaiheiyo Cement 2 : Tokai Carbon 0 : Nichias 1 : Toyo Tanso 0
Revenue: Taiheiyo Cement ¥898.4B / Tokai Carbon ¥323.0B / Nichias ¥251.9B / Toyo Tanso ¥46.2B
ProfitabilityInvestors
Nichias aheadTaiheiyo Cement 1 : Tokai Carbon 1 : Nichias 2 : Toyo Tanso 0
Operating margin: Taiheiyo Cement 8.3% / Tokai Carbon 8.0% / Nichias 14.7% / Toyo Tanso 14.6%
GrowthInvestors
EvenTaiheiyo Cement 2 : Tokai Carbon 2 : Nichias 1 : Toyo Tanso 0
Revenue growth (YoY): Taiheiyo Cement +0.2% / Tokai Carbon −7.8% / Nichias −1.8% / Toyo Tanso −13.0%
Stock & balance sheetInvestors
Tokai Carbon aheadTaiheiyo Cement 0 : Tokai Carbon 2 : Nichias 0 : Toyo Tanso 1
Share price, 1 year: Taiheiyo Cement +1.4% / Tokai Carbon +87.7% / Nichias +72.7% / Toyo Tanso +39.4%
Pay & workforceJob seekers
Taiheiyo Cement aheadTaiheiyo Cement 3 : Tokai Carbon 0 : Nichias 0 : Toyo Tanso 0
Average salary: Taiheiyo Cement ¥7.64M / Tokai Carbon ¥7.47M / Nichias ¥7.29M / Toyo Tanso ¥7.25M
| Metric | Taiheiyo Cement | Tokai Carbon | Nichias | Toyo Tanso |
|---|---|---|---|---|
| Revenue | ◎¥898.4B | ¥323.0B | ¥251.9B | ¥46.2B |
| Operating profit | ◎¥74.6B | ¥25.9B | ¥37.0B | ¥6.8B |
| Net income | ¥25.4B | ¥20.1B | ◎¥31.6B | ¥5.5B |
| Metric | Taiheiyo Cement | Tokai Carbon | Nichias | Toyo Tanso |
|---|---|---|---|---|
| Operating margin | 8.3% | 8.0% | ◎14.7% | 14.6% |
| Net margin | 2.8% | 6.2% | ◎12.6% | 11.8% |
| ROE | — | ◎6.6% | — | 5.7% |
| Revenue per employee | ◎¥518M | ¥413M | ¥134M | ¥47M |
| Metric | Taiheiyo Cement | Tokai Carbon | Nichias | Toyo Tanso |
|---|---|---|---|---|
| Revenue growth (YoY) | ◎+0.2% | −7.8% | −1.8% | −13.0% |
| Operating profit growth (YoY) | −4.0% | ◎+33.3% | −6.8% | −44.8% |
| Revenue CAGRlast 5 years | +0.8% | ◎+5.7% | +5.1% | — |
| Guidance: revenue growthnext FY plan | ◎+14.3% | +7.4% | +7.2% | +6.1% |
| Guidance: op. profit growthnext FY plan | +1.8% | +0.6% | ◎+21.6% | −8.3% |
| Metric | Taiheiyo Cement | Tokai Carbon | Nichias | Toyo Tanso |
|---|---|---|---|---|
| Share price, 1 year | +1.4% | ◎+87.7% | +72.7% | +39.4% |
| Share price, 3 months | +1.4% | ◎+26.0% | +3.7% | +6.9% |
| P/E (trailing)lower = cheaper | — | 20.5x | — | 24.9x |
| Equity ratio | — | 53.1% | — | ◎82.7% |
| Share price (close) | ¥4,231 | ¥1,926 | ¥3,304 | ¥6,490 |
◎ marks the best value for each metric. Revenue and profit are from the latest full-year earnings release; share prices are closing-price references; P/E = latest close ÷ trailing EPS. For banks and some other financials, revenue means ordinary income.
| Metric | Taiheiyo Cement | Tokai Carbon | Nichias | Toyo Tanso |
|---|---|---|---|---|
| Average salary | ◎¥7.64M | ¥7.47M | ¥7.29M | ¥7.25M |
| Starting salary (monthly) | ◎¥300,000 | ¥262,000 | ¥265,000 | ¥275,500 |
| Average tenure | ◎17.3 yrs | 15.8 yrs | 14.0 yrs | 15.2 yrs |
| Average age | 39.8 | 42.8 | 40.9 | 40.9 |
| Employees | 1,733 | 782 | 1,886 | 976 |
Average salary is for the reporting (parent) company and is affected by average age and job mix. Holding companies with few employees are left out of the salary comparison.
Close (Oct 30, 2026)
¥4,231+1.4% (1Y)
Taiheiyo Cement +1.4% over 1Y. Compared: Tokai Carbon +87.7%, Nichias +72.7%, Toyo Tanso +39.4%.
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Each line shows the % change from the start of the period. Updated Oct 30, 2026.
Taiheiyo Cement4 segments
Tokai Carbon5 segments
Nichias5 segments
AAverage annual salary from the securities filings: Taiheiyo Cement ¥7.64M, Tokai Carbon ¥7.47M, Nichias ¥7.29M, Toyo Tanso ¥7.25M. Taiheiyo Cement pays the most. Averages also depend on staff age and job mix, so check the average age too (Taiheiyo Cement 39.8, Tokai Carbon 42.8, Nichias 40.9, Toyo Tanso 40.9).
ARevenue in the latest results: Taiheiyo Cement ¥898.4B, Tokai Carbon ¥323.0B, Nichias ¥251.9B, Toyo Tanso ¥46.2B. Taiheiyo Cement is the largest by revenue at ¥898.4B, followed by Tokai Carbon (¥323.0B), Nichias (¥251.9B) and Toyo Tanso (¥46.2B).
AOperating margins: Nichias 14.7%, Toyo Tanso 14.6%, Taiheiyo Cement 8.3%, Tokai Carbon 8.0%. Nichias turns the highest share of sales into operating profit.
AShare price change over the past year (closing prices, for reference): Tokai Carbon +87.7%, Nichias +72.7%, Toyo Tanso +39.4%, Taiheiyo Cement +1.4%. Tokai Carbon has risen the most.
Comparing 4 companies (up to 4)
Sources: earnings releases (kessan tanshin), annual securities reports and other public information. Share prices are closing-price references, not real-time. Our data may contain errors; investment decisions are your own responsibility.
