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Tokyo Ohka Kogyo (4186) investor relations material

Tokyo Ohka Kogyo Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary6 Aug, 2025

Executive summary

  • Net sales rose 17.8% year-over-year to ¥111.6 billion in 1H FY2025, driven by strong demand for generative AI-related products and PC replacements.

  • Operating income increased 47.6% year-over-year to ¥19.8 billion, with profit attributable to owners of parent up 49.0% to ¥13.6 billion.

  • Upward revision of full-year forecasts, expecting record-high operating income and continued dividend growth.

  • Launched "tok Medium-Term Plan 2027" targeting global leadership in photoresists and expansion in new business fields.

Financial highlights

  • EBITDA for 1H FY2025 reached ¥23.99 billion, up 36.6% year-over-year.

  • Ordinary income rose 44.4% year-over-year to ¥20.38 billion.

  • Gross profit reached ¥41.15 billion, up from ¥33.43 billion year-over-year; gross margin improved.

  • Basic earnings per share rose to ¥113.83 from ¥75.50 year-over-year.

  • Extraordinary income included a ¥1.42 billion gain on receipt of contingent consideration.

Outlook and guidance

  • Full-year FY2025 net sales forecast at ¥227.0 billion (+13.0% YoY), operating income at ¥40.0 billion (+20.9% YoY), and profit attributable to owners of parent at ¥26.5 billion (+16.8% YoY).

  • Basic EPS for FY2025 projected at ¥220.99.

  • Assumes continued strong demand for generative AI and new customer plant operations.

  • Exchange rate assumption for 2H FY2025 revised to ¥140.0/$.

  • Forecast revision reflects improved electronics industry outlook and strong interim results.

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Frequently asked questions

Tokyo Ohka Kogyo Co., Ltd. is a Japanese company that specializes in the development and manufacturing of high-precision chemical products and equipment used in the semiconductor industry. The company is renowned for its photoresists and photolithography-related chemicals, essential materials in the fabrication of semiconductor devices. TOK's product lineup also includes coating, developing, and vacuum UV hardening machines, as well as materials and equipment used in the production of MEMS, image sensors, LCD and OLED panels, and advanced semiconductor packaging. TOK's technologies are applied across a variety of industries, including mobile devices, personal computers, automotive electronics, and renewable energy. The company is headquartered in Kawasaki, Japan, and its shares are listed on the Tokyo Stock Exchange.

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