Prices as of 2026/10/30 close
Company comparison

Tokai Carbon is the bigger company, with revenue of ¥323.0B — 1.8x Shinagawa Refractories's ¥177.7B.
Tokai Carbon earns more on each yen of sales, with an operating margin of 8.0% — 0.3 points above Shinagawa Refractories (7.7%).
Revenue growth in the latest results: Shinagawa Refractories +23.4%, Tokai Carbon −7.8%. For next year, Tokai Carbon guides for the fastest operating profit growth (+0.6%).
Tokai Carbon pays more on average — ¥7.47M against ¥6.90M at Shinagawa Refractories.
Over the past year the shares moved Tokai Carbon +87.7%, Shinagawa Refractories +4.7%.
Head-to-head wins17 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
Tokai Carbon aheadTokai Carbon 2 : Shinagawa Refractories 1
Revenue: Tokai Carbon ¥323.0B / Shinagawa Refractories ¥177.7B
ProfitabilityInvestors
EvenTokai Carbon 2 : Shinagawa Refractories 2
Operating margin: Tokai Carbon 8.0% / Shinagawa Refractories 7.7%
GrowthInvestors
Tokai Carbon aheadTokai Carbon 3 : Shinagawa Refractories 1
Revenue growth (YoY): Tokai Carbon −7.8% / Shinagawa Refractories +23.4%
Stock & balance sheetInvestors
Tokai Carbon aheadTokai Carbon 3 : Shinagawa Refractories 0
Share price, 1 year: Tokai Carbon +87.7% / Shinagawa Refractories +4.7%
Pay & workforceJob seekers
Shinagawa Refractories aheadTokai Carbon 1 : Shinagawa Refractories 2
Average salary: Tokai Carbon ¥7.47M / Shinagawa Refractories ¥6.90M
| Metric | Tokai Carbon | Shinagawa Refractories | Gap |
|---|---|---|---|
| Revenue | ◎¥323.0B | ¥177.7B | 1.8x |
| Operating profit | ◎¥25.9B | ¥13.6B | 1.9x |
| Net income | ¥20.1B | ◎¥26.1B | 1.3x |
| Metric | Tokai Carbon | Shinagawa Refractories | Gap |
|---|---|---|---|
| Operating margin | ◎8.0% | 7.7% | 0.3pt |
| Net margin | 6.2% | ◎14.7% | 8.5pt |
| ROE | 6.6% | ◎26.6% | 20.0pt |
| Revenue per employee | ◎¥413M | ¥137M | 3.0x |
| Metric | Tokai Carbon | Shinagawa Refractories | Gap |
|---|---|---|---|
| Revenue growth (YoY) | −7.8% | ◎+23.4% | 31.2pt |
| Operating profit growth (YoY) | ◎+33.3% | +2.5% | 30.8pt |
| Revenue CAGRlast 4 years | +5.7% | — | |
| Guidance: revenue growthnext FY plan | ◎+7.4% | +6.3% | 1.0pt |
| Guidance: op. profit growthnext FY plan | ◎+0.6% | −4.5% | 5.1pt |
| Metric | Tokai Carbon | Shinagawa Refractories | Gap |
|---|---|---|---|
| Share price, 1 year | ◎+87.7% | +4.7% | 83.1pt |
| Share price, 3 months | ◎+26.0% | −8.0% | 34.0pt |
| P/E (trailing)lower = cheaper | 20.5x | 3.3x | |
| Equity ratio | ◎53.1% | 50.0% | 3.1pt |
| Share price (close) | ¥1,926 | ¥1,910 |
◎ 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 | Tokai Carbon | Shinagawa Refractories | Gap |
|---|---|---|---|
| Average salary | ◎¥7.47M | ¥6.90M | ¥0.57M |
| Starting salary (monthly) | ¥262,000 | ◎¥267,000 | ¥5,000 |
| Average tenure | 15.8 yrs | ◎17.3 yrs | 1.5 |
| Average age | 42.8 | 44.7 | 1.9 |
| Employees | 782 | 1,301 | 1.7x |
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)
¥1,926+87.7% (1Y)
Tokai Carbon +87.7% over 1Y. Compared: Shinagawa Refractories +4.7%.
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.
Tokai Carbon5 segments
Shinagawa Refractories5 segments
AAverage annual salary from the securities filings: Tokai Carbon ¥7.47M, Shinagawa Refractories ¥6.90M. Tokai Carbon pays the most. Averages also depend on staff age and job mix, so check the average age too (Tokai Carbon 42.8, Shinagawa Refractories 44.7).
ARevenue in the latest results: Tokai Carbon ¥323.0B, Shinagawa Refractories ¥177.7B. Tokai Carbon is the bigger company, with revenue of ¥323.0B — 1.8x Shinagawa Refractories's ¥177.7B.
AOperating margins: Tokai Carbon 8.0%, Shinagawa Refractories 7.7%. Tokai Carbon turns the highest share of sales into operating profit.
AShare price change over the past year (closing prices, for reference): Tokai Carbon +87.7%, Shinagawa Refractories +4.7%. Tokai Carbon has risen the most.

Comparing 2 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.