TOKYO OHKA KOGYO CO., LTD.
Supplemental Data of Business Results― The 1st Half of Fiscal Year ending Dec. 2019―Aug. 7, 2019TOKYO OHKA KOGYO CO., LTD.

© 2019 TOKYO OHKA KOGYO CO., LTD.

Summary02（Millions of yen）

FY2018/121H

FY2019/12 1H

Change%Net sales

50,748 48,932(1,815)(3.6)

Operating income

4,674

4,428(246)(5.3)

Ordinary income

4,675

4,407(268)(5.7)

Profit attributableto owners of parent

3,210

2,924(286)(8.9)■Average exchange rate (US$)︓¥107.6／$（FY2018/12 1H）⇒¥109.0／$（FY2019/12 1H)■Net sales︓
Decreased year on year due to a downward trend in semiconductor demand.
■Operating income︓Decreased 5.3% year on year due to a decrease in sales.
■Profit attributable to owners of parent︓Decreased 8.9% year on year partly due to a decrease in operating income.
© 2019 TOKYO OHKA KOGYO CO., LTD.

Results by Business Segment

03（Millions of yen）

FY2019/12 1H

FY2018/12
1H

Change%50,74848,932(1,815)(3.6)

49,686

47,791(1,895)(3.8)

Electronic
functional materials

27,814

27,847+33+0.1

High purity
chemicals21,818

19,903(1,914)(8.8)

5340(13)(24.7)

1,061

1,141+79

+7.5

4,674

4,428(246)(5.3)

Material business

6,656

6,423（233)(3.5)

Equipment business

(321)

(270)

+50－

(1,661)(1,724)(63)－Net sales
Material business

Other
Equipment business
Operating income

Eliminations andcorporate

Note: Effective January 1, 2019, TOK changed the cost allocation method to evaluate and manage financial results by business segment
more appropriately, and part of corporate expenses was allocated to Material Business. Following this change, the year-on-yearcomparison is conducted using the figures reclassified under the new allocation method.
© 2019 TOKYO OHKA KOGYO CO., LTD.

Balance Sheets

04（Million of yen）

Buildings and structures(732)
Machinery(1,784)
Furniture and fixtures
(302)
Land
(141)
Construction in progress+7,625Retained earnings+374
Treasury stock+115
Unrealized gain on
available–for-salesecurities+220
Foreign currencytranslation adjustments(1,221)© 2019 TOKYO OHKA KOGYO CO., LTD.

Cash Flows

05（Millions of yen）
FY2018/12
1H

FY2019/12
1H

Cash flows from operating activities+7,693+5,205Income before income taxes andminority interests+4,611+4,379

Depreciation+3,532+3,546

Decrease (increase) in trade notes
and accounts receivable+829+1,307

Decrease (increase) in inventories(496)(1,707)

Decrease (increase) in trade notes
and accounts payable(321)(1,648)

Increase (decrease) in advances
received

+95

+265

(1,014)(1,158)Cash flows from investing activities(4,225)(5,873)

Cash flows from financing activities+5,807(3,247)

(686)

(699)

+8,587(4,615)

Income taxes paid

Translation adjustmentsNet increase (decrease) in cash andcash equivalents

Major breakdown
Purchases of property,
plant and equipment(4,529)Major breakdown
Proceeds from salesof treasury stock+51
Dividends paid
(3,267)(incl. minority shareholders)© 2019 TOKYO OHKA KOGYO CO., LTD.

Earnings Forecasts (Full-year)

06（Millions of yen）

FY2019/12 Forecasts

FY2018/12

Change%Net sales

105,277

100,500(4,777)(4.5)

Operating income

10,5058,300(2,205)(21.0)

Ordinary income

10,7348,500(2,234)(20.8)

Profit attributable toowners of parent

6,875

4,900(1,975)(28.7)■Exchange rate assumptions（US$）︓¥109.5／$（2018/12）⇒ ¥ 105.0 ／$（2019/12 2H）■Net sales :Will decrease 4.5% year on year based on the 1st half results although Material
Business expects a gradual recovery in semiconductor materials.
■Operating in come :Will decrease 21.0% year on year due to a decrease in sales of Material Business.
■Profit attributable to owners of parent :Will decrease 28.7% year on year due to a decrease in operating income.
© 2019 TOKYO OHKA KOGYO CO., LTD.

Performance Forecasts by Business Segment07（Millions of yen)

FY2019 /12 Forecasts

FY2018/12

Change%105,277

100,500(4,777)(4.5)

102,62196,600(6,021)(5.9)

Electronic functional
materials

58,79355,700(3,093)(5.3)

High purity chemicals

43,73340,800(2,933)

(6.7)

2,655

3,900

+1,244+46.9

10,5058,300(2,205)(21.0)

14,765

12,200(2,565)(17.4)

(883)

(400)

+483

－

(3,376)(3,500)(123)－Net sales
Material business

Equipment business
Operating income
Material business
Equipment businessEliminations and corporate

Note: Effective January 1, 2019, TOK changed the cost allocation method to evaluate and manage financial results bybusiness segment more appropriately, and part of corporate expenses was allocated to Material Business. Following
this change, the year-on-year comparison is conducted using the figures reclassified under the new allocation method.

© 2019 TOKYO OHKA KOGYO CO., LTD.

Capital Investments/Depreciation/R&D08(Millions of yen)

FY2018/12

FY2019/12 Forecast
Change%Capital Investments

5,636 16,700 +11,063+196.3

Depreciation

7,063

7,500+436+6.2

R&D

8,526

9,000+473+5.6© 2019 TOKYO OHKA KOGYO CO., LTD.

https://www.tok.co.jp/eng(Note)
This presentation material contains forward-looking statements that
describe future prospects of TOKYO OHKA KOGYO CO., LTD. (theCompany) 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 theseforward-looking statements, as actual results and strategies may
differ substantially according to changes in the Company’s businessenvironment.