Tokyo Ohka Kogyo Co., Ltd. logo

Tokyo Ohka Kogyo Co., Ltd.

4186.T

JPXBasic MaterialsChemicals - Specialty

Latest quote

¥8,630

−¥66.00 · -0.76%

Aug 24, 3:30 PM JST

4186.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Operating both domestically in Japan and across international markets, Tokyo Ohka Kogyo Co., Ltd., along with its subsidiaries, focuses on the development and sale of diverse chemical products and sophisticated process equipment. Their core offerings include high-performance photoresists and related chemicals crucial for photolithography, alongside specialized machinery for coating, developing, vacuum UV hardening, and chemical supply. The company also provides a range of essential materials such as various adhesive compounds and their corresponding removal thinners, structural components, surface modification agents, micro-processing films, thin-film millimeter-wave absorbers, and polyimide films. For advanced 3D semiconductor packaging, they offer innovative Zero Newton bonding and debonding equipment. These products are integral to the fabrication of numerous advanced technologies, including semiconductor devices, a broad spectrum of mobile and computing devices (smartphones, tablets, PCs, wearables, servers, supercomputers, game consoles), and emerging innovations like MEMS, image sensors, IoT devices, AI autonomous vehicles, ADAS, and robotics. Furthermore, their materials contribute to sustainable technologies such as renewable energy equipment and eco-cars, as well as various display technologies for panel manufacturing and televisions. In addition to its primary business, the company also provides insurance agency services. Tokyo Ohka Kogyo, founded in 1940, is headquartered in Kawasaki, Japan.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
JP
CEO
Noriaki Taneichi
Listed since
Jan 1, 2001
Employees
2,132

Market position

Day range

Current ¥8,630

52-week range

Current ¥8,630

Open
¥8,676
Previous close
¥8,696
Volume
478.2K
0.45× average
Average volume
1.05M
Average daily volume
Market cap
1.03T JPY
Beta
0.92
Market reference 1
50-day average
¥10,033.7
-13.99% below average
200-day average
¥8,436.42
+2.29% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
650.63B JPY
P/E (TTM)
25.78×
P/B (TTM)
4.17×
P/S (TTM)
3.9×
EV / EBITDA
10.98×
Earnings yield
4.80%
Free cash flow yield
1.50%
Dividend yield
0.89%

Profitability & efficiency

Gross margin
38.57%
Operating margin
21.27%
Net margin
15.14%
Return on equity
14.64%
Return on assets
9.95%
Return on invested capital
13.36%

Financial health

Debt / equity
0.11×
Current ratio
2.91×
Altman Z-score
8.78
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends39%28%16%5%Gross margin, FY2021: 33.69%Gross margin, FY2022: 34.76%Gross margin, FY2023: 34.20%Gross margin, FY2024: 35.03%Gross margin, FY2025: 36.40%Operating margin, FY2021: 14.79%Operating margin, FY2022: 17.20%Operating margin, FY2023: 13.99%Operating margin, FY2024: 16.47%Operating margin, FY2025: 19.99%Net margin, FY2021: 12.67%Net margin, FY2022: 11.23%Net margin, FY2023: 7.83%Net margin, FY2024: 11.29%Net margin, FY2025: 14.07%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 33.69%. Gross margin FY2022 34.76%. Gross margin FY2023 34.20%. Gross margin FY2024 35.03%. Gross margin FY2025 36.40%. Operating margin FY2021 14.79%. Operating margin FY2022 17.20%. Operating margin FY2023 13.99%. Operating margin FY2024 16.47%. Operating margin FY2025 19.99%. Net margin FY2021 12.67%. Net margin FY2022 11.23%. Net margin FY2023 7.83%. Net margin FY2024 11.29%. Net margin FY2025 14.07%.

Income trends

Revenue

237.03B JPY+17.94%

Operating income

47.39B JPY+43.20%

Net income

33.35B JPY+47.00%
Income trends across reported periods259.46B JPY169.73B JPY80.01B JPY−9.72B JPYRevenue, FY2021: 140.06B JPYRevenue, FY2022: 175.43B JPYRevenue, FY2023: 162.27B JPYRevenue, FY2024: 200.97B JPYRevenue, FY2025: 237.03B JPYOperating income, FY2021: 20.71B JPYOperating income, FY2022: 30.18B JPYOperating income, FY2023: 22.71B JPYOperating income, FY2024: 33.09B JPYOperating income, FY2025: 47.39B JPYNet income, FY2021: 17.75B JPYNet income, FY2022: 19.69B JPYNet income, FY2023: 12.71B JPYNet income, FY2024: 22.68B JPYNet income, FY2025: 33.35B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 140.06B JPY. Revenue FY2022 175.43B JPY. Revenue FY2023 162.27B JPY. Revenue FY2024 200.97B JPY. Revenue FY2025 237.03B JPY. Operating income FY2021 20.71B JPY. Operating income FY2022 30.18B JPY. Operating income FY2023 22.71B JPY. Operating income FY2024 33.09B JPY. Operating income FY2025 47.39B JPY. Net income FY2021 17.75B JPY. Net income FY2022 19.69B JPY. Net income FY2023 12.71B JPY. Net income FY2024 22.68B JPY. Net income FY2025 33.35B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue237.03B JPY200.97B JPY162.27B JPY175.43B JPY140.06B JPY
Cost of goods sold150.74B JPY130.57B JPY106.78B JPY114.46B JPY92.87B JPY
Gross profit86.29B JPY70.4B JPY55.49B JPY60.97B JPY47.18B JPY
Research and development15.67B JPY14.52B JPY12.66B JPY11.04B JPY9.8B JPY
Selling, general, and administrative23.23B JPY22.79B JPY20.13B JPY19.76B JPY16.68B JPY
Operating expenses38.9B JPY37.31B JPY32.78B JPY30.79B JPY26.48B JPY
Interest income406M JPY397M JPY353M JPY150M JPY115M JPY
Interest expense168M JPY86M JPY81M JPY73M JPY72M JPY
Depreciation and amortization8.81B JPY8.33B JPY7.71B JPY6.76B JPY6.43B JPY
Operating income47.39B JPY33.09B JPY22.71B JPY30.18B JPY20.71B JPY
Net income33.35B JPY22.68B JPY12.71B JPY19.69B JPY17.75B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
90%
9 beats, 1 miss, 0 met estimates
Average EPS surprise
+15.35%
10 comparable reports
Latest EPS result
72.4
Estimate 64.01 · Beat by 13.11%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates102.0581.5561.0440.54Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26No estimateQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 58.21, estimate 55.06, surprise +5.72%, Beat. Q2 2025, reported May 12, 2025: actual 62.91, estimate 44.78, surprise +40.49%, Beat. Q3 2025, reported Aug 6, 2025: actual 50.92, estimate 45.8, surprise +11.18%, Beat. Q4 2025, reported Nov 11, 2025: actual 73.96, estimate 57.33, surprise +29.01%, Beat. Q1 2026, reported Feb 9, 2026: actual 94.14, estimate 64.07, surprise +46.93%, Beat. Q2 2026, reported May 11, 2026: actual 97.81, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 72.4, estimate 64.01, surprise +13.11%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 97.6, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates78.69B68.59B58.48B48.38BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 54.42B JPY, estimate 51.4B JPY, surprise +5.87%, Beat. Q2 2025, reported May 12, 2025: actual 54.27B JPY, estimate 53.06B JPY, surprise +2.28%, Beat. Q3 2025, reported Aug 6, 2025: actual 57.35B JPY, estimate 55.15B JPY, surprise +3.99%, Beat. Q4 2025, reported Nov 11, 2025: actual 61.16B JPY, estimate 58.38B JPY, surprise +4.76%, Beat. Q1 2026, reported Feb 9, 2026: actual 64.25B JPY, estimate 62.9B JPY, surprise +2.15%, Beat. Q2 2026, reported May 11, 2026: actual 67.15B JPY, estimate 63.23B JPY, surprise +6.20%, Beat. Q3 2026, reported Aug 6, 2026: actual 72.59B JPY, estimate 69B JPY, surprise +5.20%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 75.67B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥72.00

2025 complete year+38.5% since 2021

2026 partial: ¥40.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Dec 31, 2026

¥40.00

Semi-Annual

Record Dec 31, 2026 · Payment Dec 31, 2026

Dividend

Ex-dividend Jun 29, 2026

¥40.00

Semi-Annual

Record Jun 30, 2026 · Payment Sep 7, 2026

Dividend

Ex-dividend Dec 29, 2025

¥37.00

Semi-Annual

Record Dec 31, 2025 · Payment Mar 30, 2026

Dividend

Ex-dividend Jun 27, 2025

¥35.00

Semi-Annual

Record Jun 30, 2025 · Payment Sep 8, 2025

Dividend

Ex-dividend Dec 27, 2024

¥34.00

Semi-Annual

Record Dec 31, 2024 · Payment Mar 31, 2025

Dividend

Ex-dividend Jun 27, 2024

¥29.00

Semi-Annual

Record Jun 30, 2024 · Payment Sep 6, 2024

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