Note: This document has been translated from a part of 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 Three Months Ended January 31, 2025
[Japanese GAAP]
Company name: OHARA INC. | March 14, 2025 |
Listing: Tokyo | |
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 Three Months Ended January 31, 2025 (November 1, 2024 to January 31, 2025)
(1) Consolidated Operating Results | (Percentages indicate year-on-year changes.) | |||||||||
Net sales | Operating profit | Ordinary profit | Profit attributable to | |||||||
owners of parent | ||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | ||
January 31, 2025 | 6,873 | 8.3 | 516 | 40.7 | 605 | 59.9 | 305 | 162.3 | ||
January 31, 2024 | 6,345 | (9.9) | 366 | (60.9) | 378 | (51.1) | 116 | (80.7) |
(Note) Comprehensive income: | Three months ended January 31, 2025: |
Three months ended January 31, 2024: |
¥ | 554 million | [ | 1.5%] |
¥ | 545 million | [ | -%] |
Basic earnings | Diluted earnings per | ||||
per share | share | ||||
Three months ended | Yen | Yen | |||
January 31, 2025 | 12.52 | - | |||
January 31, 2024 | 4.77 | - | |||
(2) Consolidated Financial Position | |||||
Total assets | Net assets | Capital adequacy ratio | |||
As of | Millions of yen | Millions of yen | % | ||
January 31, 2025 | 64,273 | 50,800 | 78.5 | ||
October 31, 2024 | 65,112 | 50,833 | 77.6 | ||
(Reference) Equity: As of | January 31, 2025: | ¥ | 50,458 million | ||
As of | October 31, 2024: | ¥ | 50,505 million |
2. Dividends
Annual dividends | ||||||||
1st | 2nd | 3rd | Year-end | Total | ||||
quarter-end | quarter-end | quarter-end | ||||||
Yen | Yen | Yen | Yen | Yen | ||||
Fiscal year ended October 31, 2024 | - | 0.00 | - | 23.0 | 23.0 | |||
Fiscal year ending October 31, 2025 | - | |||||||
Fiscal year ending October 31, 2025 | 0.00 | - | 25.0 | 25.0 | ||||
(Forecast) | ||||||||
(Note) Revision to the forecast for dividends | announced most | recently: | None |
3. 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 | Basic earnings | ||||||
to owners of parent | per share | |||||||||
Six months ending April | Millions of yen | % | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |
13,700 | 3.4 | 1,000 | 19.4 | 1,200 | 6.4 | 800 | 32.2 | 32.83 | ||
30, 2025 | ||||||||||
Full year | 28,600 | 2.5 | 2,400 | 10.2 | 2,700 | 4.3 | 2,000 | 27.5 | 82.09 | |
(Note) Revision to the financial results forecast announced most recently: | Yes | |||||||||
* Notes: | ||||||||||
(1) Significant changes in the scope of consolidation during the period: | None |
- Adoption of accounting treatment specific to the preparation of quarterly 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):
January 31, 2025: | 25,450,000 | shares |
October 31, 2024: | 25,450,000 | shares |
2) Number of treasury shares at the end of the period: | ||
January 31, 2025: | 1,085,568 | shares |
October 31, 2024: | 1,085,568 | shares |
3) Average number of shares outstanding during the period: | ||
Three months ended January 31, 2025: | 24,364,432 | shares |
Three months ended January 31, 2024: | 24,364,493 | shares |
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Thousands of yen) | ||
As of October 31, 2024 | As of January 31, 2025 | |
Assets | ||
Current assets | ||
Cash and deposits | 15,161,264 | 13,895,973 |
Notes and accounts receivable - trade | 7,163,129 | 6,458,785 |
Electronically recorded monetary claims - | 1,819,509 | 1,821,380 |
operating | ||
Securities | - | 99,902 |
Merchandise and finished goods | 2,887,775 | 3,132,193 |
Work in process | 7,856,061 | 8,261,989 |
Raw materials and supplies | 3,568,974 | 3,506,792 |
Other | 624,784 | 385,492 |
Allowance for doubtful accounts | (26,832) | (21,263) |
Total current assets | 39,054,666 | 37,541,245 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 15,519,988 | 15,430,350 |
Accumulated depreciation | (11,169,249) | (11,117,518) |
Buildings and structures, net | 4,350,738 | 4,312,831 |
Machinery, equipment and vehicles | 19,008,651 | 18,999,906 |
Accumulated depreciation | (16,518,683) | (16,531,027) |
Machinery, equipment and vehicles, net | 2,489,968 | 2,468,878 |
Tools, furniture and fixtures | 12,692,181 | 12,783,649 |
Accumulated depreciation | (3,538,205) | (3,567,998) |
Tools, furniture and fixtures, net | 9,153,976 | 9,215,650 |
Land | 340,077 | 333,053 |
Right of use assets | 481,245 | 475,348 |
Accumulated depreciation | (210,283) | (203,338) |
Right of use assets, net | 270,961 | 272,009 |
Construction in progress | 517,523 | 598,225 |
Total property, plant and equipment | 17,123,245 | 17,200,650 |
Intangible assets | 206,930 | 188,284 |
Investments and other assets | ||
Investment securities | 7,839,288 | 8,497,094 |
Retirement benefit asset | 614,254 | 608,192 |
Deferred tax assets | 177,848 | 144,455 |
Other | 96,221 | 93,170 |
Total investments and other assets | 8,727,613 | 9,342,913 |
Total non-current assets | 26,057,789 | 26,731,848 |
Total assets | 65,112,456 | 64,273,094 |
1
(Thousands of yen) | ||
As of October 31, 2024 | As of January 31, 2025 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 1,385,811 | 1,443,553 |
Electronically recorded obligations - operating | 718,290 | 660,031 |
Short-term borrowings | 4,011,763 | 4,071,220 |
Lease liabilities | 359,437 | 298,662 |
Income taxes payable | 238,793 | 191,143 |
Contract liabilities | 44,761 | 5,867 |
Provision for bonuses | 940,307 | 339,905 |
Provision for bonuses for directors (and other | 106,085 | 66,166 |
officers) | ||
Provision for environmental measures | - | 6,120 |
Accounts payable - other | 1,349,740 | 1,072,008 |
Other | 584,246 | 632,802 |
Total current liabilities | 9,739,237 | 8,787,481 |
Non-current liabilities | ||
Long-term borrowings | 1,156,870 | 1,102,961 |
Lease liabilities | 328,921 | 367,292 |
Deferred tax liabilities | 1,895,789 | 2,040,481 |
Retirement benefit liability | 857,469 | 865,352 |
Provision for share awards for directors (and other | 113,090 | 119,416 |
officers) | ||
Asset retirement obligations | 85,663 | 85,663 |
Other | 101,767 | 103,951 |
Total non-current liabilities | 4,539,571 | 4,685,120 |
Total liabilities | 14,278,809 | 13,472,602 |
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 | 28,467,567 |
Treasury shares | (1,477,135) | (1,470,035) |
Total shareholders' equity | 41,064,995 | 40,807,572 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 2,839,310 | 3,169,385 |
securities | ||
Foreign currency translation adjustment | 6,479,903 | 6,353,351 |
Remeasurements of defined benefit plans | 121,645 | 128,283 |
Total accumulated other comprehensive income | 9,440,859 | 9,651,020 |
Non-controlling interests | 327,793 | 341,899 |
Total net assets | 50,833,647 | 50,800,492 |
Total liabilities and net assets | 65,112,456 | 64,273,094 |
2
Quarterly Consolidated Statements of Income and Comprehensive Income | ||
Quarterly Consolidated Statements of Income (For the three months) | ||
(Thousands of yen) | ||
For the three months | For the three months | |
ended January 31, 2024 | ended January 31, 2025 | |
Net sales | 6,345,059 | 6,873,902 |
Cost of sales | 4,311,362 | 4,693,302 |
Gross profit | 2,033,696 | 2,180,599 |
Selling, general and administrative expenses | 1,666,766 | 1,664,457 |
Operating profit | 366,930 | 516,141 |
Non-operating income | ||
Interest income | 32,536 | 34,423 |
Dividend income | 7,922 | 8,306 |
Share of profit of entities accounted for using equity | 8,512 | 26,421 |
method | ||
Compensation income | - | 51,885 |
Other | 16,662 | 18,170 |
Total non-operating income | 65,633 | 139,209 |
Non-operating expenses | ||
Interest expenses | 8,831 | 10,680 |
Loss on retirement of non-current assets | 27,748 | 408 |
Foreign exchange losses | 14,511 | 37,045 |
Other | 2,832 | 1,658 |
Total non-operating expenses | 53,923 | 49,793 |
Ordinary profit | 378,639 | 605,557 |
Profit before income taxes | 378,639 | 605,557 |
Income taxes | 246,461 | 261,447 |
Profit | 132,177 | 344,109 |
Profit attributable to non-controlling interests | 15,859 | 38,968 |
Profit attributable to owners of parent | 116,318 | 305,141 |
3
Quarterly Consolidated Statements of Comprehensive Income (For the three months)
(Thousands of yen) | ||
For the three months | For the three months | |
ended January 31, 2024 | ended January 31, 2025 | |
Profit | 132,177 | 344,109 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 360,037 | 330,075 |
Foreign currency translation adjustment | 85,008 | (260,551) |
Remeasurements of defined benefit plans, net of tax | 24,031 | 6,637 |
Share of other comprehensive income of entities | (55,309) | 133,999 |
accounted for using equity method | ||
Total other comprehensive income | 413,768 | 210,161 |
Comprehensive income | 545,946 | 554,271 |
Comprehensive income attributable to |
Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests
530,086515,303
15,85938,968
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