Tokyo Ohka Kogyo (4186) Q1 2025 earnings summary

Executive summary

• Net sales rose 20.6% year-over-year to ¥54,272 million, driven by strong semiconductor demand and growth in PCs, smartphones, and generative AI-related products.

• Operating income increased 69.2% year-over-year to ¥9,801 million, reflecting higher sales.

• Profit attributable to owners of parent more than doubled, up 109.1% year-over-year to ¥7,526 million, aided by extraordinary income from a gain on contingent consideration.

• Launched “tok Medium-Term Plan 2027” aiming for global leadership in photoresists and expansion in new business fields.

Financial highlights

• Net sales: ¥54,272 million, up ¥9,254 million (+20.6%) year-over-year.

• Operating income: ¥9,801 million, up ¥4,008 million (+69.2%) year-over-year.

• Ordinary income: ¥9,843 million, up ¥3,804 million (+63.0%) year-over-year.

• EBITDA: ¥11,866 million, up ¥4,027 million (+51.4%) year-over-year.

• Gross profit reached ¥20,477 million, up from ¥15,741 million year-over-year.

Outlook and guidance

• No changes to the previously announced full-year forecast.

• Full-year net sales projected at ¥222,000 million (+10.5% year-over-year).

• Full-year operating income forecasted at ¥37,300 million (+12.7% or +30.2% year-over-year), aiming for a record high.

• Full-year profit attributable to owners of parent forecasted at ¥24,600 million (+8.4% year-over-year).

• Continued strong demand expected from generative AI and new customer plant operations.