Theme · AI Semis Layer 7 Bucket C · Tier C Conviction · WATCH

Tokyo Ohka Kogyo (TOK)

TSE:4186

Structural picks-and-shovel position in the AI Semis supply chain, Layer 7. Tier C conviction with research from AI Master Research.

★ Open deep dive View in TradingView ↗ ← Back to AI Semis

Two-Layer Verdict

Structural

BUY · structural picks-and-shovel position in the AI / Physical AI supply chain.

Tactical

HOLD — no live signal change today.

→ Hold core position. Re-add at 34/50 EMA on any meaningful pullback.

Live price

$11620.00

+4.64%

Theme

AI Semis

Layer 7

Conviction

WATCH

Tier C

RSI 14

—

% return

—

Not held

2×ATR stop

—

Tactical stop

52-WEEK RANGE +0.0% from high

$3531.00

$11620.00

Fwd P/E59.5

Trail P/E41.7

EV/EBITDA24.3

Mkt Cap$1393.24B

Beta0.84

★ Deep dive · AI Master Research · Tier C

The full 1-page snapshot on Tokyo Ohka Kogyo (TOK).

What it physically does · the financial print · customer mix · competitive context · terminal risk · bull case · gap/bear case · optionality · the trade. ~230 words. Source: AI Master Research.

230 words Tier C AI Master Research

★ Read full deep dive ⌥ Download institutional PDF

— Live chart · TradingView · Candlestick · 50/200 EMA + Volume —

● Live · TSE:4186

03 · 04—Top-level analysis

What 4186 physically does — preview.

One-paragraph version of the Photoncap deep dive. Read the full essay for the complete treatment.

From AI Master Research

The thesis — preview.

**Live:** price not surfaced (needs manual check on Yahoo 4186.T) JPY · **Earnings (last):** Q1 2026 — rev surprise +5.90%, EPS beat consensus; guide neutral · **Next earnings:** 2026-05-13 (release reference; verify on next report) · **Conviction:** 4/10 TOK is one of three Japanese photoresist majors (with JSR and Shin-Etsu Chemical) and one of the few EUV photoresist suppliers globally. EUV photoresist is the chemistry layer that enables sub-7nm patterning — without it, the AI logic node ramp stops. Real bottleneck, real moat. Feb 2026 partnership with Irresistible Materials extends the EUV roadmap, and Q1 revenue beat by 5.9% confirms underlying franchise health.…

Read the full essay →

★ Tier

Tier C. Watch only.

Source attribution

AI Master Research · 230 words. Institutional PDF available.

Peers in Layer 7

8 names

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