TOKYO OHKA KOGYO CO., LTD.
Supplemental Data of Business Results― Fiscal Year ended December 2018―Feb. 14, 2019TOKYO OHKA KOGYO CO., LTD.

© 2019 TOKYO OHKA KOGYO CO., LTD.

Change in Fiscal Year-End

01

Detail of change in fiscal year-end

Current：End of march ⇒ after：End of December* Approved by the 87th Ordinary General Meeting of Shareholders (held on June 28, 2017)(March 31 ⇒ December 31)
3Q
10-12

1Q
1-3

2017/12
Simulation result
2Q
3Q
4Q
4-6
7-9 10-12

3Q

4Q

1Q

2Q

3Q

1Q

2Q

3Q

4Q

1Q

・・・

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

・・・

2017/3Fiscal year ended in March（TOK and domestic subsidiaries）
Fiscal year ended in December（Overseas subsidiaries）

3Q

Fiscal year ended in December（Overseas subsidiaries）

3Q

2019/12

1Q
1-3

2Q
4-6

3Q
7-9

4Q
10-12

1Q
1-3・・・

2017/12
Simulation result
1Q
2Q
3Q
4Q
1-3
4-6
7-9 10-12

1Q
1-3

2Q
4-6

3Q
7-9

4Q
10-12

1Q
1-3・・・

3Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

・・・

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

・・・

3Q
10-12
Fiscal year ended in March（TOK and domestic subsidiaries）

2018/122018/122019/12© 2019 TOKYO OHKA KOGYO CO., LTD.

Summary02（Millions of yen）

FY2018/12

FY2017/12
Simulation
resultNet sales

100,422 105,277

Change%+4,854+4.8

Operating income

9,878

10,505+627+6.4

Ordinary income

10,534

10,734+199+1.9Profit attributable toowners of parent

6,885

6,875(9)(0.1)

Attention: These are comparisons with the adjusted results for the fiscal year ended December, 2017 due to a change in fiscal yearend. Please refer to slide 01 for details.

■Average exchange rate (US$)： ¥111.1／$（FY2017/12 Simulation）⇒¥109.5／$（FY2018/12)■Net sales：Increased 4.8% year on year due to sales increase both in the Material Business and theEquipment Business.
■Operating income：Increased 6.4% year on year despite the impact of rising raw materials costs.
■Profit Decreased 0.1% year on year due to special factors including impairment loss and tax effectaccounting despite an increase in operating income.
© 2019 TOKYO OHKA KOGYO CO., LTD.

03

Performance Forecasts by Business Segment（Millions of yen）
FY2017/12Simulation result
Net sales

FY2018 /12
Change%100,422

105,277+4,854+4.8

98,247

102,621+4,373+4.5

Electronic functional
materials

56,947

58,793+1,845+3.2

High purity chemicals

41,16543,733+2,567+6.2

134

95(39)(29.3)

2,174

2,655+4,81+22.1

9,878

10,505+627+6.4

Material business

14,86815,075+207+1.4

Equipment business(1,073)

(883)

+189

-

Eliminations and corporate(3,917)(3,686)+231-

Material business

Other
Equipment business
Operating income

Attention: These are comparisons with the adjusted results for the fiscal year ended December, 2017 due to a change in fiscalyear-end. Please refer to slide 01 for details.

© 2019 TOKYO OHKA KOGYO CO., LTD.

Balance Sheets

04（Million of yen）

FY2018

YoY

101,589+13,870

Cash and deposits

56,093+11,911

Notes and accounts
receivable

22,539△15

Inventories

17,245+1,351

Property, plant and equipment

48,358△3,345

558+67

Investments and other assets

34,176△4,591

Current Liabilities

21,574△167

11,381+937

12,250+8,829

Total net asset

150,857△2,659Total asset184,683+6,001

Current Assets

Intangible assets

Notes and accounts
payableLong-Term Liabilities

Buildings and structures (439)
Machinery(1,542)
Furniture and fixtures(555)
Land(123)
Construction in progress (684)

Retained earnings+3,980Treasury stock(2,084)
Unrealized gain on available-for-sale securities(2,578)Foreign currencytranslation adjustments(1,508)© 2019 TOKYO OHKA KOGYO CO., LTD.

Cash Flows05（Millions of yen）

FY2018Cash flows from operating activities+14,311

Income before income taxes andminority interests+9,814

Depreciation+7,063Increase (decrease) in allowance for
doubtful accounts△420

Decrease (increase) in trade notes andaccounts receivable△1,770Decrease (increase) in inventories+1,092

Decrease (increase) in trade notes andaccounts payable△147

Increase (decrease) in advances received△2,221

Income taxes paid

△8,013

Cash flows from investing activities+4,333

Cash flows from financing activities△741

Translation adjustments+9,889Major breakdown
Purchases of property,
plant and equipment
Increase in time deposits(6,491)(2,150)Major breakdown
Proceeds from long-term loans payable+10,000
Purchases of treasury stock(2,212)
Dividends paid(incl. minority shareholders)(3,426)© 2019 TOKYO OHKA KOGYO CO., LTD.

06

Earnings Forecasts (Full-year)（Millions of yen）

FY2019FY2018105,277 111,600

Net sales

Forecast

Change%+6,322+6.0

Operating income

10,505

10,500(5)(0.1)

Ordinary income

10,734

10,800+65+0.6

6,875

7,200

+324+4.7

Profit attributable toowners of parent■Exchange rate assumptions（US$）： ¥109.5／$（2018/12）⇒¥105.0／$（2019/12）■Net sales :Will increase 6.0% year on year as the growth rate of the Material Business will be the lowest
in the 1st half and recover in the 2nd half.
■Operating in come :Will remain at the same level as the previous year due to cost increase in the Material Businessas well as the impact of exchange rate changes while sales increase is expected.
■Profit attributable to owners of parent :Will secure positive growth year on year as there will no longer be impact of the special factor related
to tax effect accounting.
© 2019 TOKYO OHKA KOGYO CO., LTD.

07

Performance Forecasts by Business Segment（Millions of yen）

FY2018Net sales

Change%105,277

116,000+6,322+6.0

102,621

107,100+4,478+4.4

Electronic functional
materials

58,79361,600+2,806+4.8

High purity chemicals

43,73345,300+1,566

+3.6

2,655

4,500

+1,844+69.5

10,505

10,500(5)(0.1)

15,075

14,600(475)

(3.2)

(883)

(100)

+783

-

(3,686)(4,000)(313)-

Material business

Equipment business *1
Operating income
Material business
Equipment businessEliminations and corporate*1:

FY2019 Forecast

Net sales of the Equipment Business are the figures after elimination of inter-segment sales.

© 2019 TOKYO OHKA KOGYO CO., LTD.

Capital Investments/Depreciation/R&D

08(Millions of yen)

FY2018FY2019 Forecast
Change%CapitalInvestments

5,636

16,500+10,863+192.7

Depreciation

7,063

7,700+636

+9.0

R&D

8,526

9,300+773+9.1

https://www.tok.co.jp/（Note）
This presentation material contains forward-looking statementsthat describe future prospects of TOKYO OHKA KOGYO CO., LTD.
(the Company) in terms of business planning, earnings andmanagement strategies. Such statements are based onmanagement’s judgment, derived from information available to itat 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 tochanges in the Company’s business environment.