Tokyo Ohka Kogyo makes photoresists and other specialty chemicals used in semiconductor and display lithography, a niche where qualification cycles with chipmakers are long and switching is costly. That embedded position supports a 38.6% gross margin and a 19.0% operating margin, and ROE of 19.4% says the franchise is converting capital into returns. Revenue growth of 26.6% points to strong demand for advanced-node and display materials, which is the main thread to test in any deeper work on wafer-fab spending and customer mix. The stock trades at a forward P/E of 40.0 against a trailing 22.2, so the market is pricing a sharp earnings recovery or step-up that the next few reporting periods will need to validate. Worth a deeper look to see whether the forward estimates are backed by order visibility rather than a cyclical rebound.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ¥8100 | first publication | ¥7802 |
Answered from Tokyo Ohka Kogyo Co., Ltd. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| 4186.T Tokyo Ohka Kogyo Co., Ltd. | ¥7735.00 | - | - | 24.6x | 19.4% | 80 | 63 |
| ATS.VI AT & S Austria Technologie & Systemtechnik Aktiengesellschaft | €140.40 | €91 | 55% above | 101.5x | 5.9% | 42 | 63 |
| PLXS Plexus Corp. Common Stock | $220.78 | $165 | 34% above | 32.1x | 12.6% | 53 | 51 |
| 6645.T OMRON Corporation | ¥5499.00 | - | - | 26.1x | 5.1% | 60 | 64 |
| 6976.T Taiyo Yuden Co., Ltd. | ¥8700.00 | - | - | 64.7x | 5.3% | 48 | 57 |
| RAL Ralliant Corporation Common Stock | $65.64 | $59 | 12% above | - | -53.9% | 48 | 65 |
| 6806.T Hirose Electric Co.,Ltd. | ¥23610.00 | - | - | 23.6x | 8.8% | 74 | 69 |
Where 4186.T ranks against its sector peers on each metric.