LOOKING AHEAD WITH NEW TECHNOLOGIESJuly 31, 2019

Tokyo Ohka Kogyo Co., Ltd.
Notice Regarding Revision of Financial Results Forecast
TOKYO OHKA KOGYO CO., LTD. (hereinafter “the Company”) today announces that it
has revised its forecasts of consolidated financial results, as follows, with respect to the six
months ended June 30, 2019, and the fiscal year ending December 31, 2019 (January 1, 2019
to December 31, 2019), disclosed on February 14, 2019.
1．Revision of the consolidated financial results forecast for the six months ended June 30,2019 (January 1, 2019 to June 30, 2019)(1) Second quarter cumulative period（Jan. 1,2019 to June 30,2019）
NetsalesMillions of yen
Previous forecast (A)54,000(Disclosed on Feb. 14, 2019)

Profitattributable Net income pershareto owners ofparent

OperatingincomeOrdinary
incomeMillions of yen

Millions of yen

Millions of yen

4,500

4,600

3,000

72.00

Yen

Revised forecast (B)49,000

4,400

4,400

2,900

70.16

Change (B-A)△5,000

△100

△200

△100―

△9.3

△2.2

△4.3

△3.3

―

50,748

4,674

4,675

3,210

76.93

Change (%)(Reference)
Results for the six months
ended June 30, 2018

2．Revision of the consolidated financial results forecast for the fiscal year ending December
31, 2019 (January 1, 2019 to December 31, 2019)(1) Full-year period（January 1,2019 to December 31,2019）
NetsalesMillions of yen
Previous forecast (A)111,600(Disclosed on Feb. 14, 2019)

Profitattributable Net income pershareto owners ofparent

Operatingincome

Ordinary
incomeMillions of yen

Millions of yen

Millions of yen

Yen

10,50010,8007,200

172.81

Revised forecast (B)100,500

8,300

8,500

4,900

117.52

Change (B-A)△11,100△2,200△2,300△2,300―△9.9△21.0

△21.3

△31.9

―105,277

10,505

10,734

6,875

164.92

Change (%)(Reference)
Results for the fiscal ending
December 31, 2018

1/2

3．Reason for the Revision

For the six months ended June 30, 2019, net sales of electronic functional materials
and high-purity chemicals were weak mainly in Japan and Asia due to the impact ofthe U.S.-China trade friction in certain area, a decline in demand for smartphones,
and deceleration of growth in the server market. Net sales ofEquipment Business are expected to fall below the previously announced forecast
due to delays in acceptance inspections for certain products.
Operating income, ordinary income, and profit attributable to owners of the parent are also
expected to fall below the previously announced forecasts.

Based on the results for the six months ended June 30, 2019, and market outlook,
the Company revised downward the net sales forecast for electronic functional
materials and high-purity chemicals for the second half, and accordingly theconsolidated net sales for the year ending December 31, 2019 are expected to fall
below the previously announced forecast.
Profits are also expected to fall significantly below the previously announced
forecasts due to a decline in net sales despite the positive effect from favorable
changes in raw material prices for high-purity chemicals.
We will promptly disclose further revisions, if any.
(Note)
The forecasts outlined above are based on the management’s judgment, derived
from information available to the Company at the time these forecasts were prepared.
Actual results may differ according to changes in the Company’s businessenvironment.

###For Contact:

Public Relations Division
Tel. +81-44-435-3000

2/2