Tokyo Ohka Kogyo Upgrades FY2024 Financial Forecast

Tokyo Ohka Kogyo Co (JP:4186) has released an update.

Tokyo Ohka Kogyo Co., LTD. has raised its financial forecasts for both the first half and the full year of FY2024, following a stronger-than-expected performance in the semiconductor market and favorable currency exchange effects. The revised forecast anticipates increases in net sales and profits, with a notable 33.8% hike in net income for the first half and a 12.5% increase for the full year, compared to the previous forecasts. This optimistic outlook is underpinned by the growing demand for generative AI and the company’s high-purity chemical products.

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