TOKYO OHKA KOGYO CO., LTD.
Supplemental Data of Business Results― The 1st Half of Fiscal Year ending Dec. 2021―Aug. ５, 2021
TOKYO OHKA KOGYO CO., LTD.

© 2021 TOKYO OHKA KOGYO CO., LTD.

Summary02（Millions of yen）

FY2020/121H

FY2021/12 1H

Change%Net sales

57,20364,808+7,605+13.3

Operating income

6,664

9,574+2,910+43.7

Ordinary income

6,785

10,052+3,267+48.1

Profit attributableto owners of parent

4,639

6,399+1,760+37.9■Average exchange rate (US$)︓¥107.1／$（FY2020/12 1H）⇒ ¥106.8／$（FY2021/12 1H)■Net sales: Increased 13.3% YoY, backed by a strong demand for semiconductors,
mainly due to increased sales of semiconductor photoresists and high density
integration materials.
■Operating income︓Increased 43.7% YoY mainly due to sales growth in value addedproducts.
■Profit attributable to owners of parent︓Increased 37.9% due to Operating Incomegrowth.
© 2021 TOKYO OHKA KOGYO CO., LTD.

Results by Business Segment

03（Millions of yen）

FY2021/12 1H

FY2020/121H

Change%57,20364,808+7,605+13.3

55,96463,937+7,972+14.2Electronic
functional materials

32,09537,569+5,474+17.1

High purity
chemicals

23,816

26,253+2,437+10.2

52

114+62+118.0

1,239

870

(369)

(29.8)

6,664

9,574+2,910+43.7

Material business

9,190

12,313+3,122+34.0

Equipment business

(294)

(225)

+68

ー

(2,231)(2,513)(282)

ーNet sales
Material business

Other
Equipment business
Operating income

Eliminations andcorporate© 2021 TOKYO OHKA KOGYO CO., LTD.

Balance Sheets

04（Millions of yen）
As ofJune 30,2021

v.s.
December31, 2020

112,085+15,142

Cash and deposits

57,038+9,216

Notes and accounts
receivable

29,876+3,574Inventories

19,088+1,42956,539+3,427680+60

Investments and other assets

42,236(8,274)Current Liabilities

33,104+7,911

15,981+2,236

13,040(2,957)

Total net asset

165,396+5,402

Total asset

211,542+10,357

Current Assets

Property, plant and equipment
Intangible assets

Notes and accounts
payableLong-Term Liabilities

Buildings and structures+1,987
Machinery, equipment andvehicles+1,045Tools, furniture and fixtures(33)
Land+67
Construction in progress(50)Short-term debt +3,800

Long-term debt (4,082)

Retained earnings+2,474
Treasury shares+302
Valuation difference on
available-for-sale securities+1,103Foreign currency translation
adjustment+1,856© 2021 TOKYO OHKA KOGYO CO., LTD.

Cash Flows

05（Millions of yen）
FY2020/12
1H

FY2021/12
1H

Cash flows from operating activities+11,461+7,959

Income before income taxes andminority interests+6,924+9,785

Depreciation+3,702+3,223

Decrease (increase) in trade notes
and accounts receivable+156(2,663)

Decrease (increase) in inventories

(485)

(889)

Decrease (increase) in trade notes
and accounts payable+1,058+1,618(33)+15(781)(2,805)

Cash flows from investing activities+11,750(4,814)

Cash flows from financing activities(3,414)(5,125)(381)+1,040+19,415(939)

Increase (decrease) in advances
received
Income taxes paid

Translation adjustments
Net increase (decrease) in cash andcash equivalents

Major breakdown
Purchase of property, plant andequipment(3,623)Major breakdown
Repayments of long-termborrowings(182)
Proceeds from sales of treasury
shares+260
Dividends paid(incl. minority shareholders)(5,421)© 2021 TOKYO OHKA KOGYO CO., LTD.

Earnings Forecasts (Full-year)

06（Millions of yen）

FY2021/12 Forecasts

FY2021/12

Change%Net sales

117,585

134,000+16,415+14.0

Operating income

15,58919,200+3,611+23.2

Ordinary income

16,12919,800+3,671+22.8

Profit attributable toowners of parent

9,926

14,200+4,274+43.0■Exchange rate assumptions（US$）︓¥105.7／$（2020/12）⇒ ¥ 105.0 ／$（2021/12 2H）■Net sales :Forecast to increase 14.0% YoY anticipating the strong semiconductor market.
■Operating income :Forecast to increase 23.2% YoY due to sales growth in value added products despite asurge in raw material costs.
■Profit attributable to owners of parent :Forecast to increase 43.0% YoY due to an increase in operating income and reach a record
high for two consecutive quarters in both operating income and ordinary income.

© 2021 TOKYO OHKA KOGYO CO., LTD.

Performance Forecasts by Business Segment

07（Millions of yen)

FY2021/12 Forecasts

FY2020/12

Change%117,585

134,000 +16,415+14.0114,773130,800 +16,027+14.0

Electronic functional
materials

65,87875,700+9,822+14.9

High purity chemicals

48,73254,800+6,068+12.4

2,811

3,200+389+13.8

15,58919,200+3,611+23.2

20,39524,600+4,205+20.6

(310)

(200)

+110

－

(4,494)(5,200)(706)－Net sales
Material business

Equipment business
Operating income
Material business
Equipment businessEliminations and corporate© 2021 TOKYO OHKA KOGYO CO., LTD.

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

FY2020/12

FY2021/12 Forecast
Change%Capital Investments

5,611

9,800+4,189+74.7

Depreciation

6,772

6,500(272)

(4.0)

R&D

9,545

9,900+355+3.7© 2021 TOKYO OHKA KOGYO CO., LTD.

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 managementʼs 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 Companyʼs businessenvironment.

© 2021 TOKYO OHKA KOGYO CO., LTD.