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Tokyo Ohka Kogyo Co
(4186)
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Rating:66Neutral
Price Target:
¥9,306.00
▲(5.99% Upside)
Action:Downgraded
Date:08/17/26
The score is primarily supported by strong financial performance—healthy and improving profitability plus a low-leverage balance sheet—tempered by weaker cash-flow conversion. Technical indicators are mixed with negative momentum, and valuation looks relatively expensive with a low dividend yield, which further caps the overall score.
Positive Factors
Strong profitability
Healthy and improving margins indicate strong economics in the core business and operating leverage as revenue scales. Sustained profitability can support research, product development, customer qualification, and investment in advanced electronic materials over the next several quarters.
Negative Factors
Uneven revenue growth
The history of a sharp 2023 contraction shows that revenue growth is not consistently smooth, even though 2025 improved. Such variability can complicate capacity planning, investment decisions, and earnings forecasting when customer production volumes or technology transitions fluctuate.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability
Healthy and improving margins indicate strong economics in the core business and operating leverage as revenue scales. Sustained profitability can support research, product development, customer qualification, and investment in advanced electronic materials over the next several quarters.
Read all positive factors
Tokyo Ohka Kogyo Co (4186) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.16T
Dividend Yield0.85%
Average Volume (3M)721.66K
Price to Earnings (P/E)27.1
Beta (1Y)1.28
Revenue Growth21.68%
EPS Growth48.38%
CountryJP
Employees2,132
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)334.80
Shares Outstanding127,800,000
10 Day Avg. Volume883,770
30 Day Avg. Volume721,663
Financial Highlights & Ratios
PEG Ratio0.43
Price to Book (P/B)3.05
Price to Sales (P/S)2.93
P/FCF Ratio66.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)357.98
Revenue Forecast (FY)¥293.49B
Tokyo Ohka Kogyo Co Business Overview & Revenue Model
Company Description
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 offeri...
How the Company Makes Money
Tokyo Ohka Kogyo makes money primarily by manufacturing and selling specialty chemical materials used in electronics fabrication, with revenue largely tied to customer production volumes and technology transitions in semiconductor and display manu...
Tokyo Ohka Kogyo Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 265.07B | 237.03B | 200.97B | 162.27B | 175.43B | 140.06B |
| Gross Profit | 102.24B | 86.28B | 70.40B | 55.49B | 60.97B | 47.18B |
| EBITDA | 69.26B | 59.27B | 43.58B | 29.71B | 37.63B | 32.30B |
| Net Income | 40.13B | 33.34B | 22.68B | 12.71B | 19.69B | 17.75B |
Balance Sheet | ||||||
| Total Assets | 359.91B | 335.29B | 281.93B | 251.86B | 238.07B | 217.26B |
| Cash, Cash Equivalents and Short-Term Investments | 70.79B | 70.96B | 63.05B | 60.81B | 59.37B | 60.83B |
| Total Debt | 26.17B | 26.48B | 10.54B | 10.49B | 10.22B | 10.61B |
| Total Liabilities | 98.93B | 92.99B | 68.45B | 56.38B | 57.11B | 52.07B |
| Stockholders Equity | 247.98B | 227.72B | 200.66B | 183.80B | 169.92B | 156.04B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 10.43B | 5.58B | 2.50B | 8.29B | 11.93B |
| Operating Cash Flow | 0.00 | 35.19B | 30.15B | 17.21B | 18.99B | 19.76B |
| Investing Cash Flow | 0.00 | -25.29B | -2.73B | -9.38B | -12.38B | -4.58B |
| Financing Cash Flow | 0.00 | 3.17B | -15.42B | -7.38B | -8.61B | -18.11B |
Tokyo Ohka Kogyo Co Technical Analysis
Positive
8780.00
Price Trends
8709.62
Positive
9615.25
Negative
8782.93
Positive
Market Momentum
177.64
Negative
56.64
Neutral
81.05
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 8780 is above the 20-day moving average (MA) of 8584.55, above the 50-day MA of 8709.62, and below the 200-day MA of 8782.93, indicating a bullish trend. The MACD of 177.64 indicates Negative momentum. The RSI at 56.64 is Neutral, neither overbought nor oversold. The STOCH value of 81.05 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥1.10T | 24.89 | 12.45% | 2.04% | 12.48% | 18.44% | |
69 Neutral | ¥614.83B | 20.14 | ― | 1.78% | 5.05% | 9.22% | |
66 Neutral | ¥1.16T | 27.10 | 17.38% | 0.85% | 21.68% | 48.38% | |
64 Neutral | ¥421.09B | 15.17 | 5.33% | 3.09% | 5.27% | ― | |
63 Neutral | ¥427.46B | 26.85 | ― | 1.79% | -18.36% | -19.56% | |
57 Neutral | ¥428.66B | 24.50 | 7.48% | 1.79% | 7.14% | 2.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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Tokyo Ohka Kogyo Co Corporate Events
Tokyo Ohka Kogyo Outlines Mid-Year Results and FY2026 Outlook
Aug 6, 2026
Tokyo Ohka Kogyo Co., Ltd. has released an outline of its business results for the first half of the fiscal year ending December 2026, covering the period from January to June 2026. The disclosure frames the company’s performance within a br...
Tokyo Ohka Kogyo Posts Strong H1 Profits and Maintains Bullish Full-Year Outlook
Aug 6, 2026
Tokyo Ohka Kogyo reported strong interim results for the first half of fiscal 2026, with net sales rising 25.1% year-on-year to ¥139.7 billion and operating income jumping 45.4% to ¥28.9 billion, driving a 49.9% increase in profit attrib...
Tokyo Ohka Kogyo Lifts FY2026 Earnings Outlook on AI Server Demand and FX Tailwinds
Jul 30, 2026
Tokyo Ohka Kogyo has sharply raised its consolidated forecasts for the second quarter of fiscal 2026, now projecting double-digit percentage increases in sales, operating profit and net income compared with its February guidance. The revisions ref...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.