Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Consolidated Financial Results
for the Six Months Ended April 30, 2025 [Japanese GAAP]
June 13, 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 file semi-annual securities report: June 13, 2025 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.)
Consolidated Financial Results for the Six Months Ended April 30, 2025 (November 1, 2024 to April 30, 2025)
Consolidated Operating Results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Six months ended
April 30, 2025
April 30, 2024
Millions of yen
13,801
13,245
%
4.2
(9.0)
Millions of yen
1,051
837
%
25.6
(47.0)
Millions of yen
1,291
1,127
%
14.5
(30.9)
Millions of yen
756
605
%
25.0
(50.4)
(Note) Comprehensive income:
Six months ended April 30, 2025:
¥
(584) million [
-%]
Six months ended April 30, 2024:
¥
2,279 million [
-%]
Basic earnings per share
Diluted earnings per share
Six months ended
Yen
Yen
April 30, 2025
31.04
-
April 30, 2024
24.84
-
Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
As of
April 30, 2025
October 31, 2024
Millions of yen
62,973
65,112
Millions of yen
49,662
50,833
%
78.3
77.6
(Reference) Equity: As of April 30, 2025:
¥
49,287 million
As of October 31, 2024:
¥
50,505 million
Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
Year-end
Total
Fiscal year ended October 31, 2024
Fiscal year ending October 31, 2025
Yen
-
-
Yen
0.00
0.00
Yen
-
Yen
23.0
Yen
23.0
Fiscal year ending October 31, 2025
(Forecast)
-
25.0
25.0
(Note) Revision to the forecast for dividends announced most recently: None
(Note) Breakdown of the 2nd quarter dividend for the fiscal year ending October 31, 2025 : Commemorative dividend - yen
Special dividend - yen
Consolidated Financial Results Forecast for the Fiscal Year Ending October 31, 2025(November 1, 2024 to October 31, 2025)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen 27,500 | % (1.5) | Millions of yen 1,900 | % (12.7) | Millions of yen 2,300 | % (11.1) | Millions of yen 2,200 | % 40.3 | Yen 90.30 |
(Note) Revision to the financial results forecast announced most recently: Yes
* Notes:
Significant changes in the scope of consolidation during the period: None
Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: Yes
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement: None
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares): April 30, 2025: 25,450,000 shares
October 31, 2024: 25,450,000 shares
Number of treasury shares at the end of the period:
April 30, 2025: 1,085,568 shares
October 31, 2024: 1,085,568 shares
Average number of shares outstanding during the period:
Six months ended April 30, 2025: 24,364,432 shares
Six months ended April 30, 2024: 24,364,492 shares
Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
Semi-annual Consolidated Financial Statements and Primary Notes Semi-annual Consolidated Balance Sheet
Electronically recorded monetary claims -operating
1,819,509
1,735,843
(Thousands of yen)
As of October 31, 2024 As of April 30, 2025
Assets
Current assets
Cash and deposits 15,161,264 12,613,749
Notes and accounts receivable - trade 7,163,129 6,282,749
Merchandise and finished goods 2,887,775 2,990,524
Work in process 7,856,061 8,756,612
Raw materials and supplies 3,568,974 3,795,376
Other 624,784 602,511
Allowance for doubtful accounts (26,832) (21,276)
Total current assets 39,054,666 36,756,091 Non-current assets
Property, plant and equipment
Buildings and structures 15,519,988 15,084,731
Accumulated depreciation (11,169,249) (10,901,088)
Buildings and structures, net 4,350,738 4,183,642
Machinery, equipment and vehicles 19,008,651 18,736,677
Accumulated depreciation (16,518,683) (16,305,070)
Machinery, equipment and vehicles, net 2,489,968 2,431,606
Tools, furniture and fixtures 12,692,181 12,739,498
Accumulated depreciation (3,538,205) (3,508,669)
Tools, furniture and fixtures, net 9,153,976 9,230,828
Land 340,077 333,515
Right of use assets 481,245 465,018
Accumulated depreciation (210,283) (216,858)
Right of use assets, net 270,961 248,160
Construction in progress 517,523 749,299
Total property, plant and equipment 17,123,245 17,177,053
Intangible assets 206,930 174,049
Investments and other assets
Investment securities 7,839,288 8,003,056
Retirement benefit asset 614,254 605,972
Deferred tax assets 177,848 166,440
Other 96,221 91,239
Total investments and other assets 8,727,613 8,866,708 Total non-current assets 26,057,789 26,217,811
Total assets 65,112,456 62,973,903
Provision for share awards for directors (and other officers)
113,090
124,025
(Thousands of yen)
As of October 31, 2024 As of April 30, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade 1,385,811 1,617,697
Electronically recorded obligations - operating 718,290 681,189
Short-term borrowings 4,011,763 3,930,977
Lease liabilities 359,437 290,603
Income taxes payable 238,793 298,857
Contract liabilities 44,761 16,467
Provision for bonuses 940,307 719,349
Provision for bonuses for directors (and other officers)
106,085 52,784
Provision for environmental measures - 6,500
Asset retirement obligations - 2,733
Accounts payable - other 1,349,740 1,235,744
Other 584,246 419,448
Total current liabilities 9,739,237 9,272,353 Non-current liabilities
Long-term borrowings 1,156,870 654,003
Lease liabilities 328,921 308,638
Deferred tax liabilities 1,895,789 1,889,774
Retirement benefit liability 857,469 875,138
Asset retirement obligations 85,663 85,029
Other 101,767 102,735
Total non-current liabilities 4,539,571 4,039,346
Total liabilities 14,278,809 13,311,699
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 28,918,742
Treasury shares (1,477,135) (1,470,035)
Total shareholders' equity 41,064,995 41,258,748 Accumulated other comprehensive income
Valuation difference on available-for-sale securities
2,839,310 2,836,285
Foreign currency translation adjustment 6,479,903 5,009,557
Remeasurements of defined benefit plans 121,645 182,792
Total accumulated other comprehensive income 9,440,859 8,028,635
Non-controlling interests 327,793 374,820
Total net assets 50,833,647 49,662,203
Total liabilities and net assets 65,112,456 62,973,903
Semi-annual Consolidated Statements of Income and Comprehensive Income
Semi-annual Consolidated Statement of Income | ||
(Thousands of yen) | ||
For the six months | For the six months | |
ended April 30, 2024 | ended April 30, 2025 | |
Net sales | 13,245,431 | 13,801,120 |
Cost of sales | 9,084,413 | 9,403,172 |
Gross profit | 4,161,018 | 4,397,948 |
Selling, general and administrative expenses | 3,323,813 | 3,346,591 |
Operating profit | 837,204 | 1,051,356 |
Non-operating income | ||
Interest income | 78,792 | 80,852 |
Dividend income | 58,998 | 66,679 |
Foreign exchange gains | 99,628 | - |
Share of profit of entities accounted for using equity method | 24,099 | 47,899 |
Other | 83,980 | 85,162 |
Total non-operating income | 345,499 | 280,593 |
Non-operating expenses | ||
Interest expenses | 20,133 | 24,769 |
Loss on retirement of non-current assets | 31,798 | 1,565 |
Foreign exchange losses | - | 10,210 |
Other | 3,182 | 3,877 |
Total non-operating expenses | 55,114 | 40,423 |
Ordinary profit | 1,127,589 | 1,291,527 |
Profit before income taxes | 1,127,589 | 1,291,527 |
Income taxes | 478,645 | 463,320 |
Profit | 648,943 | 828,206 |
Profit attributable to non-controlling interests | 43,791 | 71,889 |
Profit attributable to owners of parent | 605,151 | 756,317 |
Semi-annual Consolidated Statement of Comprehensive Income
(Thousands of yen)
For the six months ended April 30, 2024
For the six months ended April 30, 2025
Profit 648,943 828,206
Other comprehensive income
Valuation difference on available-for-sale securities 546,431 (3,024)
Foreign currency translation adjustment 992,520 (1,480,517)
Remeasurements of defined benefit plans, net of tax 50,615 61,146
Share of other comprehensive income of entities accounted for using equity method | 40,731 | 10,171 |
Total other comprehensive income | 1,630,299 | (1,412,223) |
Comprehensive income | 2,279,243 | (584,017) |
Comprehensive income attributable to |
Comprehensive income attributable to owners of parent
2,235,451 (655,906)
Comprehensive income attributable to non-controlling interests
43,791
71,889
Semi-annual Consolidated Statement of Cash Flows | ||
(Thousands of yen) | ||
For the six months | For the six months | |
ended April 30, 2024 | ended April 30, 2025 | |
Cash flows from operating activities | ||
Profit before income taxes | 1,127,589 | 1,291,527 |
Depreciation | 710,970 | 670,868 |
Share of loss (profit) of entities accounted for using equity method | (24,099) | (47,899) |
Decrease (increase) in retirement benefit asset | (27,104) | (41,530) |
Increase (decrease) in retirement benefit liability | 14,618 | 17,669 |
Increase (decrease) in long-term accounts payable - (15,680) - other | ||
Increase (decrease) in provision for share awards for directors (and other officers) | 8,026 | 10,935 |
Increase (decrease) in provision for bonuses for directors (and other officers) | (64,572) | (51,466) |
Increase (decrease) in provision for bonuses | (173,685) | (203,934) |
Increase (decrease) in allowance for doubtful accounts | (17,545) | (4,774) |
Increase (decrease) in provision for loss on litigation | (21,700) | - |
Increase (decrease) in provision for environmental | - | 6,500 |
measures | ||
Increase (decrease) in asset retirement obligations | - | 2,099 |
Interest and dividend income | (137,790) | (147,531) |
Interest expenses | 20,133 | 24,769 |
Foreign exchange losses (gains) | (57,914) | 71,557 |
Loss on retirement of non-current assets | 31,798 | 1,565 |
Loss (gain) on sale of non-current assets | (24,669) | (170) |
Decrease (increase) in trade receivables | (11,938) | 613,636 |
Decrease (increase) in inventories | 113,592 | (1,588,274) |
Increase (decrease) in trade payables | (148,647) | 376,107 |
Other, net | 271,189 | 29,057 |
Subtotal | 1,572,569 | 1,030,712 |
Interest and dividends received | 142,275 | 149,646 |
Interest paid | (20,335) | (25,919) |
Income taxes paid | (546,077) | (422,546) |
Net cash provided by (used in) operating activities | 1,148,432 | 731,892 |
Cash flows from investing activities | ||
Payments into time deposits | (1,304,232) | (1,342,383) |
Proceeds from withdrawal of time deposits | 798,897 | 1,522,985 |
Purchase of investment securities | (152,000) | (193,499) |
Proceeds from sale of investment securities | - | 100,000 |
Purchase of property, plant and equipment | (901,938) | (1,108,532) |
Proceeds from sale of property, plant and equipment | 36,238 | 170 |
Payments for retirement of property, plant and equipment | (29,416) | (398) |
Purchase of intangible assets | (29,736) | (30,455) |
Other, net | (1,619) | (662) |
Net cash provided by (used in) investing activities | (1,583,806) | (1,052,775) |
(Thousands of yen) | ||
For the six months | For the six months | |
ended April 30, 2024 | ended April 30, 2025 | |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | (130,000) | (300,000) |
Proceeds from long-term borrowings | - | 300,000 |
Repayments of long-term borrowings | (127,216) | (580,620) |
Purchase of treasury shares | (2) | - |
Repayments of installment payables | (149,715) | (116,834) |
Dividends paid | (487,968) | (561,790) |
Dividends paid to non-controlling interests | (19,649) | (24,862) |
Net cash provided by (used in) financing activities | (914,550) | (1,284,106) |
Effect of exchange rate change on cash and cash equivalents | 449,710 | (646,693) |
Net increase (decrease) in cash and cash equivalents | (900,213) | (2,251,682) |
Cash and cash equivalents at beginning of period | 13,934,932 | 13,595,485 |
Cash and cash equivalents at end of period | 13,034,718 | 11,343,802 |