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  2. •

    Process industries

  3. •

    Chemicals: major diversified
Tokyo Ohka Kogyo Co., Ltd.

Tokyo Ohka Kogyo Co., Ltd.

52.47
USD
+2.01
(+3.97%)
8.55BMarket Cap
Nov 10Next Earn
Tokyo Ohka Kogyo Co., Ltd.
OTC:TOKCF
(OTC Markets)

Recent

price

52.47

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
522.6
592.45
593
543.46
560.15
654.67
689.05
681.88
841.7
823.72
945.37
1,132.99
1,453.71
1,341.56
1,659.34
1,979.12
- -
Revenue per Share
1.88
27.03
28.29
40.57
56.18
65.54
59.1
48.73
54.97
43.34
79.8
143.57
163.18
105.1
187.29
278.42
- -
Basic EPS, GAAP
6.6
105.8
64.4
51
-23.51
45.11
48.94
25.29
60.65
-17.43
136.24
94.07
62.49
16.39
38.31
81.99
- -
Free Cash Flow per Basic Share
10.64
9.98
11.97
13.39
16.04
19.36
20.9
21.27
22.71
39.97
40.15
52.67
57.52
54.8
57.76
69.04
- -
Dividend per Share
859.44
865.9
880.42
932.24
1,015.35
1,096.67
1,101.71
1,129.72
1,155.59
1,166.78
1,219.49
1,295.17
1,406.18
1,518.13
1,672.83
1,899.56
2,066.86
Book Value per Share
856.46
864
878.59
929.73
1,010.53
1,089.73
1,095.92
1,124.82
1,151.13
1,161.45
1,214.51
1,288.22
1,395.47
1,506.66
1,657.73
1,884.26
2,034.49
Tangible Book Value per Share
135
135
135
134
134
135
131
130
125
125
124
124
121
121
121
120
120
Basic Weighted Avg Shares
70,560
79,990
80,037
72,919
75,269
88,086
89,969
88,764
105,277
102,820
117,585
140,055
175,434
162,270
200,966
237,029
- -
Sales/Revenue/Turnover
0.4
7.62
7.63
10.8
13.32
15.05
13.82
11.22
9.98
9.28
13.26
14.79
17.2
13.99
16.47
19.99
- -
Operating Margin (%)
5,418
4,393
4,038
3,758
2,672
4,276
5,631
6,118
7,063
7,216
6,772
6,430
6,762
7,713
8,333
8,807
- -
Depreciation Expense
254
3,649
3,818
5,443
7,549
8,818
7,716
6,343
6,875
5,410
9,926
17,748
19,693
12,712
22,683
33,345
- -
Net Income, GAAP
- -
39.97
38.42
27.92
30.49
34.02
29.87
23.66
19.9
23.35
21.82
24.31
24.79
26.76
23.05
22.08
- -
Effective Tax Rate (%)
0.36
4.56
4.77
7.46
10.03
10.01
8.58
7.15
6.53
5.26
8.44
12.67
11.23
7.83
11.29
14.07
- -
Profit Margin (%)
64,638
67,387
66,391
71,846
68,870
71,759
69,984
69,111
78,526
72,966
71,750
79,227
89,855
95,701
97,666
113,400
120,834
Working Capital
- -
- -
488
366
244
549
137
- -
10,000
11,272
10,962
6,711
10,222
10,000
6,100
26,100
26,100
LT Debt
117,658
118,566
119,588
127,837
139,960
151,996
147,268
152,928
150,855
151,730
159,991
165,189
180,957
195,476
213,472
242,298
260,981
Total Equity
- -
3.09
3.13
4.52
5.12
5.88
5.74
5.01
5.31
4.49
7.24
8.87
12.12
8.28
11.67
14.63
- -
Return on Invested Capital (%)
- -
2.91
3
4.1
5.2
5.6
4.77
3.75
3.77
2.61
4.73
9.24
8.88
4.75
8.55
11.21
- -
Return on Capital (%)
0.22
3.13
3.25
4.48
5.77
6.21
5.32
4.37
4.71
3.74
6.69
11.53
12.08
7.19
11.8
15.57
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
4,452
- -
69
LT Borrowings
6,100
- -
26,100
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
121
120
120
Market Capitalization
- -
889,305
1,390,081

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
148,420
- -
184,974
Cash, Cash Equivalents & STI
66,092
- -
70,794
Accounts Receivable, Net
41,385
- -
56,125
Inventories
34,915
- -
48,273
Total Current Liabilities
53,462
- -
64,140
Payables & Accruals
- -
- -
- -
ST Debt
4,452
- -
69
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.89%
8.71%
13.5%
Free Cash Flow
-81.47%
21.1%
111.62%
Net Income, GAAP
22%
35.95%
47%
Sales/Revenue/Turnover
11.01%
15.73%
17.94%
Total Cash Common Dividend
14.07%
11.24%
18.18%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
45,017
49,719
- -
- -
200,966
2025
- -
- -
- -
- -
237,029
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
29.72
45.77
- -
- -
187.29
2025
- -
- -
- -
- -
278.42
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
57.76
2025
- -
- -
- -
- -
69.04
2026
- -
- -
- -
- -
- -
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Business
Tokyo Ohka Kogyo Co., Ltd. manufactures and sells chemical products and semiconductor process equipment primarily for the semiconductor manufacturing, packaging, and display industries; the company offers a broad portfolio of photoresists including g/i-line, KrF excimer laser, ArF excimer laser, and EUV types; wet etching and deep dry etching resists; developers, rinses, and stripping solutions; thinners; adhesion enhancers; DSA and reflective multilayer materials; lift-off and bump formation materials for semiconductor packaging; photosensitive liquid repellent coatings; protective coatings; adhesives; photosensitive permanent films for CMOS sensors and display applications; high-purity chemicals; and processing equipment such as coating, developing, vacuum UV hardening, and chemical supply machines, as well as wafer handling systems for through-silicon via processes, zero Newton bonding/debonding machines, and microprocessing films. Founded in 1940 and headquartered in Kawasaki, Japan, Tokyo Ohka Kogyo operates globally with facilities in Japan, South Korea through subsidiary TOK Advanced Materials Co., Ltd., and supports production for semiconductors, displays, MEMS, image sensors, IoT devices, AI systems, autonomous vehicles, and renewable energy equipment. In recent developments, the company acquired micro resist technology GmbH in Germany in February 2025 to expand its advanced materials portfolio; initiated construction of a new Pyeongtaek Plant in South Korea in August 2025 for high-purity chemicals production, slated to commence operations in the second half of 2027 with an investment of approximately 12 billion yen; and continues expansion at its Koriyama Plant in Japan, the world's largest photoresist manufacturing facility under construction.