Tokyo Ohka Kogyo Co (4186) AI Stock Analysis

• Market Cap: ¥504.36B
• Dividend Yield: 1.57%
• Average Volume (3M): 581.42K
• Price to Earnings (P/E): 18.5
• Beta (1Y): 1.23
• Revenue Growth: 24.52%
• EPS Growth: 88.51%
• Country: JP
• Employees: 1,996
• Sector: Technology
• Sector Strength: 96
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 62.91
• Shares Outstanding: 127,800,000
• 10 Day Avg. Volume: 492,250
• 30 Day Avg. Volume: 581,420
• PEG Ratio: -1.72
• Price to Book (P/B): 2.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥4,367.41
• Price Target Upside: 7.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 73 Outperform
• Price Target: ¥4,416.00 ▲(8.50%Upside)

The stock score reflects strong financial performance supported by stable growth and profitability. The bullish technical indicators contribute positively, although overbought conditions may limit short-term gains. Valuation appears fair, providing a balanced outlook for investors.

Tokyo Ohka Kogyo Co Business Overview & Revenue Model

Company Description

Tokyo Ohka Kogyo Co., Ltd. (TOK) is a Japanese company that specializes in the development, manufacturing, and sale of chemical products and equipment primarily for the semiconductor and electronics industries. The company's core product offerings include photoresists, related processing chemicals, and photolithography equipment used in the production of integrated circuits and flat panel displays. Additionally, TOK is involved in the development of high-purity chemical materials for various industrial applications, contributing to advancements in technology and manufacturing processes.

How the Company Makes Money

Tokyo Ohka Kogyo Co. makes money primarily through the sale of its high-performance chemical products and equipment to semiconductor and electronics manufacturers. The company's revenue streams are largely driven by the demand for its photoresists and processing chemicals, which are essential in semiconductor fabrication for creating intricate patterns on silicon wafers. TOK also generates income from its photolithography equipment, which is used in the production of flat panel displays and other electronic components. Significant partnerships with leading technology firms and continuous innovation in chemical engineering and materials science bolster its market position and contribute to its earnings. The company benefits from the cyclical nature of the semiconductor industry, where technological advancements and increased production capacities drive demand for its specialized chemical solutions.

Tokyo Ohka Kogyo Co Financial Statement Overview

Summary

Tokyo Ohka Kogyo Co shows robust financial health with strong revenue growth and profitability metrics. The conservative leverage and high equity ratio provide balance sheet stability. Significant improvement in cash flow generation is noted, though there is room for further enhancement in cash conversion.

Income Statement

Tokyo Ohka Kogyo Co has demonstrated strong revenue growth with a 23.82% increase from 2023 to 2024. The gross profit margin for 2024 is 36.54%, and the net profit margin is 11.29%, indicating efficient cost management and profitability. The EBIT margin stands at 16.47%, and the EBITDA margin is 20.61%, both reflecting strong operational performance. The company shows a stable upward trajectory in revenue and profitability metrics.

Balance Sheet

The company's debt-to-equity ratio is 0.05, suggesting a conservative leverage strategy. With a return on equity of 11.31% in 2024, the company effectively generates returns on shareholder investments. The equity ratio is 71.15%, indicating a robust capital structure with a strong equity base. Overall, the balance sheet reflects stability with low leverage and healthy equity levels.

Cash Flow

The free cash flow growth rate from 2023 to 2024 is 181.44%, showing significant improvement in cash generation. The operating cash flow to net income ratio is 1.33, indicating cash flows are well-aligned with profitability. However, the free cash flow to net income ratio is 0.25, suggesting room for improvement in cash flow conversion from profits. The cash flow statement portrays a positive trend in cash generation, though there's potential for enhanced efficiency.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	200.97B	162.27B	175.43B	140.06B	117.58B
Gross Profit	73.44B	57.95B	63.12B	49.53B	41.21B
EBITDA	41.42B	29.71B	36.94B	27.14B	22.36B
Net Income	22.68B	12.71B	19.69B	17.75B	9.93B
Balance Sheet
Total Assets	281.93B	251.86B	238.07B	217.26B	201.19B
Cash, Cash Equivalents and Short-Term Investments	63.05B	60.81B	59.37B	60.83B	50.82B
Total Debt	10.54B	10.49B	10.22B	10.61B	10.96B
Total Liabilities	68.46B	56.39B	57.12B	52.08B	41.19B
Stockholders Equity	200.65B	183.79B	169.92B	156.04B	151.86B
Cash Flow
Free Cash Flow	5.58B	1.98B	7.54B	11.63B	16.95B
Operating Cash Flow	30.15B	17.21B	18.99B	19.76B	22.95B
Investing Cash Flow	-2.73B	-9.38B	-12.38B	-4.58B	-3.48B
Financing Cash Flow	-15.42B	-7.38B	-8.61B	-18.11B	-5.94B

Tokyo Ohka Kogyo Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4070.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4186, the sentiment is Positive. The current price of 4070 is above the 20-day moving average (MA) of 4056.65, above the 50-day MA of 3887.77, and above the 200-day MA of 3527.72, indicating a bullish trend. The MACD of 40.78 indicates Positive momentum. The RSI at 57.36 is Neutral, neither overbought nor oversold. The STOCH value of 81.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4186.

Tokyo Ohka Kogyo Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6856	81 Outperform	$466.11B	13.46	11.49%	0.94%	8.15%	3.41%
4980	76 Outperform	¥377.51B	13.46		2.66%	4.94%	31.90%
6965	75 Outperform	$581.34B	31.34	5.58%	2.08%	-3.32%	-48.13%
4186	73 Outperform	¥504.36B	18.48	13.63%	1.57%	24.52%	88.51%
Sector *	69 Neutral	¥230.42B	14.65	7.50%	2.61%	9.34%	5.75%
5214	60 Neutral	$302.93B	24.02	-0.56%	3.58%	3.02%	48.28%
7732	60 Neutral	$342.91B	822.42	-0.73%	1.29%	-2.34%	-116.35%

Tokyo Ohka Kogyo Co Corporate Events

Tokyo Ohka Completes Treasury Share Disposal for Employee Incentive

Tokyo Ohka Kogyo Co., Ltd. has completed the payment process for the disposal of treasury shares as part of a Restricted Stock Incentive for its Employees Stockholding Association. The number of shares and the total disposal price were adjusted due to partial forfeiture, reflecting the number of members consenting to the incentive plan.

The most recent analyst rating on (JP:4186) stock is a Hold with a Yen4100.00 price target. To see the full list of analyst forecasts on Tokyo Ohka Kogyo Co stock, see the JP:4186 Stock Forecast page.

Tokyo Ohka Kogyo Announces Executive Officer Changes

Tokyo Ohka Kogyo Co., Ltd. has announced changes in its executive officers, effective July 1, 2025, following a resolution at the Board of Directors’ meeting. Shogo Ishihara will be promoted to Executive Officer and Division Manager of the Human Capital Division, while Motoko Samezawa will transition to Managing Director and President of micro resist technology GmbH. These changes are part of the company’s strategic leadership adjustments, potentially impacting its operational efficiency and market positioning.

The most recent analyst rating on (JP:4186) stock is a Buy with a Yen4400.00 price target. To see the full list of analyst forecasts on Tokyo Ohka Kogyo Co stock, see the JP:4186 Stock Forecast page.

Tokyo Ohka Kogyo Announces Treasury Share Disposal for Employee Incentives

Tokyo Ohka Kogyo Co., Ltd. has announced the disposal of 212,166 treasury shares as restricted stock to its Employees Stockholding Association. This move is part of a broader plan to enhance employee welfare and incentivize sustainable corporate value improvement by allowing employees to acquire company shares. The initiative is expected to have a minimal impact on the market, with a dilution rate of 0.17% of the total issued shares.

Tokyo Ohka Kogyo Reports Strong Q1 Financial Results Amidst Comprehensive Income Decline

Tokyo Ohka Kogyo Co., Ltd. reported a significant increase in its consolidated financial results for the first quarter of the fiscal year ending December 31, 2025. The company saw a 20.6% rise in net sales and a notable increase in operating income by 69.2%, ordinary income by 63.0%, and profit attributable to owners of the parent by 109.1% compared to the same period last year. Despite the positive financial performance, comprehensive income decreased by 59.8%. The company’s strong performance reflects its solid positioning in the electronics materials market, although the drop in comprehensive income may require strategic adjustments.