Consolidated Financial Results for the Nine Months Ended July 31, 2025

September 12, 2025

for the Nine Months Ended July 31, 2025

Company name: OHARA INC. Listing: Tokyo Stock Exchange Securities code: 5218

URL: https://www.ohara-inc.co.jp

Representative: Hirokazu Saito President Chief Executive Officer

Inquiries: Takashi Nakajima Director Senior Managing Executive Officer Telephone: +81-42-772-2101

Scheduled date to commence dividend payments: -

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended July 31, 2025 (from November 1, 2024 to July 31, 2025)

   1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Nine months ended July 31, 2025 July 31, 2024	Millions of yen 21,067 20,838	% 1.1 (2.8)	Millions of yen 1,571 1,659	% (5.3) (22.1)	Millions of yen 1,955 1,976	% (1.1) (14.1)	Millions of yen 1,130 1,173	% (3.7) (24.5)

      Note: Comprehensive income	For the nine months ended July 31, 2025:	¥	1,212 million [	(56.0) %]
      	For the nine months ended July 31, 2024:	¥	2,755 million [	110.6%]

      	Basic earnings per share	Diluted earnings per share
      Nine months ended	Yen	Yen
      July 31, 2025	46.41	-
      July 31, 2024	48.17	-

   2. Consolidated financial position

   	Total assets	Net assets	Equity-to-asset ratio
   As of July 31, 2025 October 31, 2024	Millions of yen 65,357 65,112	Millions of yen 51,459 50,833	% 78.1 77.6

   Reference: Equity

   As of July 31, 2025:	¥	51,071 million
   As of October 31, 2024:	¥	50,505 million

2. Cash dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen
   Fiscal year ended October 31, 2024	-	0.00	-	23.00	23.00
   Fiscal year ending October 31, 2025	-	0.00	-
   Fiscal year ending October 31, 2025 (Forecast)				25.00	25.00

   Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated financial result forecasts for the fiscal year ending October 31, 2025 (from November 1, 2024 to October 31, 2025)

(Percentages indicate year-on-year changes.)

Note: Revisions to the financial result forecast most recently announced: None

1. Significant changes in the scope of consolidation during the period: None

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

3. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of July 31, 2025	25,450,000 shares
      As of October 31, 2024	25,450,000 shares

   2. Number of treasury shares at the end of the period

      As of July 31, 2025	1,085,568 shares
      As of October 31, 2024	1,085,568 shares

   3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters

‌Quarterly Consolidated Financial Statements and Primary Notes Quarterly Consolidated Balance Sheet

Electronically recorded monetary claims -operating

1,819,509

1,480,994

(Thousands of yen)

As of October 31, 2024 As of July 31, 2025

Assets

Current assets

Cash and deposits 15,161,264 13,380,236

Notes and accounts receivable - trade 7,163,129 7,053,989

Merchandise and finished goods 2,887,775 3,719,288

Work in process 7,856,061 8,230,985

Raw materials and supplies 3,568,974 4,212,532

Other 624,784 679,273

Allowance for doubtful accounts (26,832) (19,954)

Total current assets 39,054,666 38,737,344

Non-current assets

Property, plant and equipment

Buildings and structures 15,519,988 15,977,395

Accumulated depreciation (11,169,249) (11,542,381)

Buildings and structures, net 4,350,738 4,435,014

Machinery, equipment and vehicles 19,008,651 19,410,261

Accumulated depreciation (16,518,683) (16,897,067)

Machinery, equipment and vehicles, net 2,489,968 2,513,194

Tools, furniture and fixtures 12,692,181 12,826,206

Accumulated depreciation (3,538,205) (3,623,638)

Tools, furniture and fixtures, net 9,153,976 9,202,567

Land 340,077 343,989

Right of use assets 481,245 496,406

Accumulated depreciation (210,283) (230,496)

Right of use assets, net 270,961 265,909

Construction in progress 517,523 772,657

Total property, plant and equipment 17,123,245 17,533,332

Intangible assets 206,930 147,938

Investments and other assets

Investment securities 7,839,288 7,979,029

Retirement benefit asset 614,254 713,651

Deferred tax assets 177,848 155,615

Other 96,221 90,544

Total investments and other assets 8,727,613 8,938,840

Total non-current assets 26,057,789 26,620,111

Total assets 65,112,456 65,357,456

Provision for share awards for directors (and other officers)

113,090

128,634

(Thousands of yen)

As of October 31, 2024 As of July 31, 2025

Liabilities

Current liabilities

Notes and accounts payable - trade 1,385,811 1,272,350

Electronically recorded obligations - operating 718,290 863,699

Short-term borrowings 4,011,763 4,499,497

Lease liabilities 359,437 251,785

Income taxes payable 238,793 151,497

Contract liabilities 44,761 47,532

Provision for bonuses 940,307 535,672

Provision for bonuses for directors (and other officers)

106,085 76,269

Provision for environmental measures - 3,136

Asset retirement obligations - 3,005

Accounts payable - other 1,349,740 1,097,360

Other 584,246 636,186

Total current liabilities 9,739,237 9,437,991

Non-current liabilities

Long-term borrowings 1,156,870 975,168

Lease liabilities 328,921 363,482

Deferred tax liabilities 1,895,789 1,973,663

Retirement benefit liability 857,469 831,638

Asset retirement obligations 85,663 85,029

Other 101,767 102,741

Total non-current liabilities 4,539,571 4,460,357

Total liabilities 14,278,809 13,898,349

Net assets

Shareholders' equity

Share capital 5,855,000 5,855,000

Capital surplus 7,962,140 7,955,040

Retained earnings 28,724,990 29,293,140

Treasury shares (1,477,135) (1,470,035)

Total shareholders' equity 41,064,995 41,633,146

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

2,839,310 2,827,557

Foreign currency translation adjustment 6,479,903 6,438,932

Remeasurements of defined benefit plans 121,645 171,760

Total accumulated other comprehensive income 9,440,859 9,438,249

Non-controlling interests 327,793 387,711

Total net assets 50,833,647 51,459,106

Total liabilities and net assets 65,112,456 65,357,456

Quarterly Consolidated Statements of Income and Comprehensive Income

Comprehensive income attributable to owners of parent

2,688,239 1,128,105

Comprehensive income attributable to non-controlling interests

67,670

84,780