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Home/Stocks/4186.T
TSE · Japan · Electronic Components

4186.T Tokyo Ohka Kogyo

Photoresists for EUV and advanced nodes

Downtrend Trading below its 50-day average. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-11-12
¥7,722.0
−1.87% today
1W
+12.7%
1M
−14.9%
3M
−12.2%
YTD
+33.5%
1Y
+44.7%
Off 52w high
−33.3%
Next earnings (est.): 2027-02-09
Market cap¥926B≈ $5.80B
P/E (trailing)21.3Forward 39.6
EV / sales3.2×EV/EBITDA 12.8×
Revenue (TTM)¥282BGrowth 27.3% y/y
Margins38.8%gross · op 21.8%
Free cash flow—Cash ¥64.91B · debt ¥26.16B
Analyst target¥10,808+40.0% upside · 12 analysts · buy
Riskβ —Short — of float · yield 1.02%

Fundamentals from public market data, refreshed daily (2026-11-12 22:21 UTC). Figures in reporting currency.

4186.T · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-11-10EarningsBeat / raise

    Reported EPS 97.78 vs 77.25 expected (+26.6% surprise).

  2. 7
    2026-08-05EarningsBeat / raise

    Reported EPS 72.4 vs 64.01 expected (+13.1% surprise).

  3. 6
    2026-02-09EarningsBeat / raise

    Reported EPS 94.14 vs 75.28 expected (+25.1% surprise).

  4. 5
    2025-11-11EarningsBeat / raise

    Reported EPS 70.45 vs 57.33 expected (+22.9% surprise).

  5. 4
    2025-08-05EarningsBeat / raise

    Reported EPS 50.92 vs 45.8 expected (+11.2% surprise).

  6. 3
    2025-05-12EarningsBeat / raise

    Reported EPS 62.91 vs 38.17 expected (+64.8% surprise).

  7. 2
    2025-02-12EarningsBeat / raise

    Reported EPS 58.21 vs 55.06 expected (+5.7% surprise).

  8. 1
    2024-11-12EarningsBeat / raise

    Reported EPS 53.58 vs 46.29 expected (+15.7% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-11-1077.2597.78+26.6%
2026-08-0564.0172.4+13.1%
2026-02-0975.2894.14+25.1%
2025-11-1157.3370.45+22.9%
2025-08-0545.850.92+11.2%
2025-05-1238.1762.91+64.8%
2025-02-1255.0658.21+5.7%
2024-11-1246.2953.58+15.7%
2024-08-0642.1845.78+8.5%
2024-05-1336.0229.72−17.5%
2024-02-1241.1742.91+4.2%
2023-11-1042.9917.89−58.4%
2023-08-0839.926.45−33.7%
2023-05-1035.1917.85−49.3%
2023-02-1247.6137.06−22.1%
2022-11-0957.5145.48−20.9%
2022-08-0341.3939.39−4.8%
2022-05-1037.1541.25+11.0%
2022-02-1348.8560.42+23.7%
2021-11-1029.3431.81+8.4%
2021-08-0423.9923.77−0.9%
2021-05-1122.1327.58+24.7%
2021-02-1422.9420.6−10.2%
2020-11-1022.5521.87−3.0%

About Tokyo Ohka Kogyo

Website ↗

Tokyo Ohka Kogyo Co., Ltd. manufactures and sells chemical products and process equipment in Japan and internationally. The company offers g/i-Line, KrF excimer laser, ArF excimer laser, and EUV photoresists; wet etching and deep dry etching resist; developer and rinse, and stripping solution; thinner; adhesion enhancing, DSA, reflective multilayer, and file formation materials. It provides semiconductor packaging manufacturing products, including lift-off, bump formation, redistribution layer resist, protective coating materials, and adhesives; CMOS sensors and driving support system; and transparent materials and photosensitive permanent films. In addition, the company offers Sievewill, a life science research tool that traps cells and allows solutions to pass through; photo patternable permanent materials for structure fabrication/photo patternable adhesives materials; optical materia…

2,132 employees · Kawasaki, Japan

EUV is a single-vendor tool with a single-vendor optics chain. Mask inspection and photoresist are similarly concentrated in a handful of Japanese firms.

Optics→EUV scanner→Mask + resist→Exposure

What would prove us wrong. Weakens if EUV orders fall for several quarters while leading-node announcements continue — capacity would be adequate.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
ASML
ASML Holding
Sole EUV lithography supplier $1,497.1−2.43%−9.2%+40.8%
6920.T
Lasertec
EUV mask blank and mask inspection ¥36,380−2.20%−21.1%+23.2%
4063.T
Shin-Etsu Chemical
Silicon wafers and photoresists ¥5,791.0+1.44%−4.6%+20.3%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.