Why is TOKYO OHKA KOGYO CO., LTD. ?
1
Company has very low debt and has enough cash to service the debt requirements
2
Healthy long term growth as Operating profit has grown by an annual rate 25.20%
3
With a growth in Net Sales of 4.4%, the company declared Very Positive results in Mar 26
- ROCE(HY) Highest at 17.34%
- NET SALES(Q) Highest at JPY 67,077 MM
- PRE-TAX PROFIT(Q) Highest at JPY 16,508 MM
4
With ROE of 16.94%, it has a attractive valuation with a 4.85 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 184.81%, its profits have risen by 42.7% ; the PEG ratio of the company is 0.7
- At the current price, the company has a high dividend yield of 0
5
Market Beating Performance
- The stock has generated a return of 184.81% in the last 1 year, much higher than market (Japan Nikkei 225) returns of 85.12%
How much should you hold?
- Overall Portfolio exposure to TOKYO OHKA KOGYO CO., LTD. should be less than 10%
- Overall Portfolio exposure to Electronics & Appliances should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Electronics & Appliances)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is TOKYO OHKA KOGYO CO., LTD. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
TOKYO OHKA KOGYO CO., LTD.
184.81%
3.34
51.09%
Japan Nikkei 225
88.41%
3.12
27.27%
Quality key factors
Factor
Value
Sales Growth (5y)
15.05%
EBIT Growth (5y)
25.20%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.21
Sales to Capital Employed (avg)
0.93
Tax Ratio
21.79%
Dividend Payout Ratio
25.86%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
20.66%
ROE (avg)
11.95%
Valuation Key Factors 
Factor
Value
P/E Ratio
29
Industry P/E
Price to Book Value
4.85
EV to EBIT
22.38
EV to EBITDA
18.87
EV to Capital Employed
5.79
EV to Sales
4.47
PEG Ratio
0.67
Dividend Yield
0.00%
ROCE (Latest)
25.86%
ROE (Latest)
16.94%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Bullish
OBV
No Trend
No Trend
Technical Movement
21What is working for the Company
ROCE(HY)
Highest at 17.34%
NET SALES(Q)
Highest at JPY 67,077 MM
PRE-TAX PROFIT(Q)
Highest at JPY 16,508 MM
NET PROFIT(Q)
Highest at JPY 11,613.65 MM
RAW MATERIAL COST(Y)
Fallen by -7.13% (YoY
CASH AND EQV(HY)
Highest at JPY 135,327 MM
EPS(Q)
Highest at JPY 97.74
-15What is not working for the Company
DEBT-EQUITY RATIO
(HY)
Highest at -16.08 %
INTEREST COVERAGE RATIO(Q)
Lowest at 19,902.25
INTEREST(Q)
Highest at JPY 89 MM
Here's what is working for TOKYO OHKA KOGYO CO., LTD.
Net Sales
Highest at JPY 67,077 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Pre-Tax Profit
Highest at JPY 16,508 MM and Grown
In each period in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (JPY MM)
Net Profit
Highest at JPY 11,613.65 MM and Grown
In each period in the last five periodsMOJO Watch
Near term Net Profit trend is very positive
Net Profit (JPY MM)
Net Sales
At JPY 67,077 MM has Grown at 13.2%
over average net sales of the previous four periods of JPY 59,257.25 MMMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
EPS
Highest at JPY 97.74
in the last five periodsMOJO Watch
Increasing profitability; company has created higher earnings for shareholders
EPS (JPY)
Cash and Eqv
Highest at JPY 135,327 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -7.13% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Depreciation
Highest at JPY 2,639 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (JPY MM)
Here's what is not working for TOKYO OHKA KOGYO CO., LTD.
Interest
At JPY 89 MM has Grown at 58.93%
period on period (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Interest Coverage Ratio
Lowest at 19,902.25
in the last five periodsMOJO Watch
The company's ability to manage interest payments is deteriorating
Operating Profit to Interest
Debt-Equity Ratio
Highest at -16.08 % and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Interest
Highest at JPY 89 MM
in the last five periods and Increased by 58.93% (QoQ)MOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)






