Tokyo Ohka Kogyo Third Quarter 2024 Earnings: Beats Expectations

Tokyo Ohka Kogyo (TSE:4186) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥51.8b (up 27% from 3Q 2023).
• Net income: JP¥6.49b (up 200% from 3Q 2023).
• Profit margin: 13% (up from 5.3% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥53.58 (up from JP¥17.89 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tokyo Ohka Kogyo Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 16%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan.

Performance of the Japanese Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Tokyo Ohka Kogyo that you need to be mindful of.

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