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Tokyo Ohka Kogyo Raises H1, Full-Year Profit Forecasts Amid Stronger Demand or AI Servers

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Tokyo Ohka Kogyo (TYO:4186) revised consolidated earnings forecasts upwards for the first half and full year ending Dec. 31, citing stronger demand for AI servers and favorable exchange rate changes, according to a Tokyo Stock Exchange filing on Thursday.

The chemical manufacturer expects a year-over-year increase in net profit attributable to owners of the parent to 20.40 billion yen for the first half ended June 30 from 16 billion yen. EPS is expected to increase to 170.13 yen from 133.47 yen.

For the full year, net profit attributable to owners of the parent should increase to 42.6 billion yen from 35 billion yen, while EPS should increase to 355.21 from 291.62 yen, according to a Tokyo Stock Exchange filing on Thursday.

Sales for the first half are expected to jump to 139.6 billion yen from 125 billion yen, and for the full year, sales are expected to jump to 291 billion yen from 261 billion yen.

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