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Tokyo Ohka Kogyo Co., Ltd. (4186.T)

Japan Exchange Group Technology Hardware, Equipment & PartsView data quality →
49.8Fair

ValueMarkers Composite Index

Top 31%#30,688 of 44,707
Overvalued

355% above intrinsic value ($13)

UndervaluedFair ValueOvervalued
Piotroski
7/9
Strong
Beneish
-2.50
Low Risk
Altman
9.39
Safe
DCF Value
$13
Overvalued
ROIC
13.4%
Adequate
P/E
34.7
Growth
Updated: ·Source: Data sourced from SEC filings and institutional providers. Not financial advice.·Report data issue

Tokyo Ohka Kogyo Co., Ltd. (4186.T) — VMCI valuation read

Headline read on 4186.T: VMCI of 50/100 versus a Technology sector median of 50. The 0-point below-median position is what makes Tokyo Ohka Kogyo Co., Ltd. a relative-value laggard in the mid-cap cohort, before any pillar-level review.

Form 4 filings on 4186.T: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on 4186.T: value (4186.T trades at 23.0x earnings, 28% above the Technology median of 18.0x), quality (ROIC of 15.0% sits 5.0pp above the Technology median (10.0%)), and risk (net debt to EBITDA of -1.0x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Technology 12.0x baseline.

4186.T rose 1.8% over the trailing 7 days, with a -19.0% read on a 30-day basis.

Tokyo Ohka Kogyo Co., Ltd., together with its subsidiaries, manufactures and sells chemical products and process equipment in Japan and internationally. The company offers optimal photoresists and photolithography relative chemicals; and coating, developing, vacuum UV hardening, and chemical supply machines. It also provides adhesive materials, thinners for the removing of adhesive materials, structure materials, surface modification materials, micro processing films, thin film mmWave absorbers, polyimide films, and zero Newton bonding and debonding machines for 3D semiconductor packaging. The company's products are used in the production of semiconductor devices, mobile devices, tablets, personal computers, wearable devices, servers, supercomputers, game consoles, MEMS and image sensors, IoT, AI autonomous vehicles, ADAS, robotics, renewable energy equipment, eco-cars, panel manufacturing, televisions, and various displays. In addition, it offers insurance agency services. The company was incorporated in 1940 and is headquartered in Kawasaki, Japan.

CEO: Noriaki Taneichi1,996 employeesJPwww.tok.co.jp

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