Slides
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TOKYO OHKA KOGYO CO., LTD. Business Results -The 3rd quarter of Fiscal Year ending Dec. 2025- Nov. 11, 2025 TOKYO OHKA KOGYO CO., LTD.
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Summary for FY2025 3Q FY2025 3Q Results FY2025 Consolidated Forecasts Shareholder Returns ● Net Sales were up 26.2 billion yen or 17.9% YoY to 172.7 billion yen , significantly increased in Electronic functional materials and High-purity chemicals due to the increased demand for semiconductors driven by a steady growth in demand for replacement of PCs in addition to strong demand for generative AI-related products despite a low growth of smartphones. ● Operating income was up 8.6 billion yen or 37.2% YoY to 31.8 billion yen , significantly increased due to increased sales. ● Assumptions Expect an increase in demand related to generative AI and the launch of operation of customers’ new plants. Exchange rate for forecast of 2 nd half of 2025. ¥147.0/$（2025/12 1 st half）⇒ ¥140.0/$（2025/12 2 nd half) ● Expect significant YoY growth in both revenue and income based on the current market situation and the usage status of our products. Net sales: 227.0 billion yen (up 13.0％) Operating income: 40.0 billion yen (up 20.9％) Expect to reach a record high. ● Under the dividend policy targeting 4.0% of a consolidated dividend on equity ratio (DOE), the interim dividend is 35 yen. The annual dividend is forecasted to be 70 yen ● Maintain the forecast of dividend growth for consecutive 8 years . ● There are not any changes from the revisions of forecast announced on August 6, 2025. 1
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Summary(FY2025 3Q) Progress (%) Revisions of forecasts % Change 76.1 227,000 +17.9 +26,231 172,779 146,547 Net sales 75.9 119,800 +14.9 +11,802 90,902 79,099 Electronic functional materials 76.6 104,300 +21.2 +13,953 79,869 65,915 High-purity chemicals 69.2 2,900 +31.0 +475 2,007 1,532 Other 79.7 40,000 +37.2 +8,650 31,893 23,243 Operating income 79.9 41,000 +36.3 +8,724 32,758 24,034 Ordinary income 83.3 26,500 +41.1 +6,427 22,064 15,636 Profit attributable to owners of parent 78.2 48,900 +29.9 +8,802 38,245 29,443 EBITDA Net sales: Up 17.9% YoY due to strong demand for generative AI-related products and steady growth for replacement of PCs despite low growth in smartphones. Operating income: Up 37.2% YoY due to increased sales despite increase in expenses. Profit attributable to owners of parent: Up 41.1% due to increased operating income and extraordinary income of gain on receipt of contingent consideration related to equipment business transfer. FY2025 3Q FY2024 3Q Average exchange rate (US$) ︓ ¥150.5／$（FY20243Q）⇒ ¥146.8／$（FY20253Q） （Millions of yen,％） 2
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Breakdown of the Change in Operating Income ＋¥8.6 billions (¥1.5billions) (¥4.0billions) ¥31.8 billions ¥23.2 billions FY2024 3Q Result vs. FY2025 3Q Result ＋¥14.1billions Impact of Exchange rate changes Price adjustment Expenses Increase Impact of Sales Increase, Product mix, etc. FY2024 3Q Result FY2025 3Q Result 3
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Sales Breakdown・Operating income 24,460 26,899 27,739 28,415 27,751 30,398 32,752 20,065 22,409 23,440 25,561 25,595 26,389 27,884 490 409 631 441 925 563 518 5,793 7,649 9,800 9,847 9,801 10,044 12,047 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 0 10,000 20,000 30,000 40,000 50,000 60,000 24/12Q1 24/12Q2 24/12Q3 24/12Q4 25/12Q1 25/12Q2 25/12Q3 Electronic functional materials High-purity chemicals Other Operating income （Net Sales, Millions of yen） （Operating income, Million s of yen） 45,017 49,718 51,811 54,418 54,272 57,351 61,155 4
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FY2025 3Q FY2024 3Q Progress(%) FY2025 Forecast % Change 60.9 34,400 +3.2 +649 20,955 20,305 Capital Investments 71.4 8,900 +2.5 +152 6,351 6,199 Depreciation 73.4 16,100 +8.1 +890 11,820 10,929 R&D （Millions of yen,％） Capital Investments/Depreciation/R&D 5 Capital Investments︓Expect to be in line with the plan. Depreciation︓ Expect to be in line with the plan. R&D︓ Expect to be in line with the plan.
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“The e-Material Global Company ” contributing to a sustainable future through Chemistry
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Appendix
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Breakdown of the Change in Operating Income FY2025 2Q Result vs. FY2025 3Q Result (¥0billions) (¥0.7billions)＋¥2.7billions Impact of Exchange rate changes Price adjustment Expenses Increase Impact of Sales Increase, Product mix, etc. FY2025 2Q Result FY2025 3Q Result ¥12.0 billions ¥10.0 billions ＋¥2.0 billions
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www.tok.co.jp/eng (Note) This presentation material contains forward-looking statements that describe future prospects of TOKYO OHKA KOGYO CO., LTD. (the Company) in terms of business planning, earnings and management strategies. Such statements are based on management’s judgement, derived from information available to it at the time such information was prepared. Readers are cautioned not to rely solely on these forward-looking statements, as actual results and strategies may differ substantially according to changes in the Company’s business environment.