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.
March 13, 2026
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.)
-
Consolidated financial results for the three months ended January 31, 2026 (from November 1, 2025 to January 31, 2026)
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended
January 31, 2026
January 31, 2025
Millions of yen
7,175
6,873
%
4.4
8.3
Millions of yen
329
516
%
(36.2)
40.7
Millions of yen
454
605
%
(25.0)
59.9
Millions of yen
338
305
%
10.9
162.3
Note: Comprehensive income
For the three months ended January 31, 2026:
¥
900 million [
62.5%]
For the three months ended January 31, 2025:
¥
554 million [
1.5%]
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
January 31, 2026
14.06
-
January 31, 2025
12.52
-
- Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
As of
January 31, 2026
October 31, 2025
Millions of yen
66,162
66,884
Millions of yen
51,925
52,347
%
77.9
77.6
Reference: Equity
As of January 31, 2026:
¥
51,519 million
As of October 31, 2025:
¥
51,932 million
-
Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)
-
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, 2025
-
0.00
-
25.0
25.0
Fiscal year ending October 31, 2026
-
Fiscal year ending October 31, 2026
(Forecast)
0.00
-
25.0
25.0
- Consolidated financial result forecasts for the fiscal year ending October 31, 2026 (from November 1, 2025 to October 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Six months ending April 30, 2026 | Millions of yen 14,400 29,900 | % 4.3 | Millions of yen 600 1,600 | % (42.9) | Millions of yen 800 2,000 | % (38.1) | Millions of yen 500 1,200 | % (33.9) | Yen 20.79 |
Full year | 3.5 | (10.8) | (12.7) | (30.7) | 49.90 | ||||
Note: Revisions to the financial result forecast most recently announced: Yes
* NotesSignificant 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: None
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)
As of January 31, 2026
25,450,000 shares
As of October 31, 2025
25,450,000 shares
Number of treasury shares at the end of the period
As of January 31, 2026
1,715,568 shares
As of October 31, 2025
1,085,568 shares
Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended January 31, 2026 | 24,049,432 shares |
Three months ended January 31, 2025 | 24,364,432 shares |
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
(Thousands of yen)
As of October 31, 2025
As of January 31, 2026
Assets
Current assets
Cash and deposits | 14,361,720 | 13,918,456 |
Notes and accounts receivable - trade | 7,607,463 | 6,799,297 |
Electronically recorded monetary claims -operating | 1,335,936 | 1,344,640 |
Securities | 99,280 | 297,840 |
Merchandise and finished goods | 3,370,214 | 3,510,205 |
Work in process | 8,321,727 | 8,256,251 |
Raw materials and supplies | 4,314,952 | 4,590,685 |
Other | 874,369 | 592,596 |
Allowance for doubtful accounts | (25,834) | (45,896) |
Total current assets | 40,259,830 | 39,264,076 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 16,346,199 | 16,314,201 |
Accumulated depreciation | (11,644,907) | (11,661,668) |
Buildings and structures, net | 4,701,292 | 4,652,532 |
Machinery, equipment and vehicles | 19,801,695 | 20,000,246 |
Accumulated depreciation | (17,032,118) | (17,233,604) |
Machinery, equipment and vehicles, net | 2,769,577 | 2,766,642 |
Tools, furniture and fixtures | 13,174,317 | 13,190,445 |
Accumulated depreciation | (3,695,111) | (3,776,341) |
Tools, furniture and fixtures, net | 9,479,206 | 9,414,103 |
Land | 353,050 | 358,482 |
Right of use assets | 499,679 | 464,110 |
Accumulated depreciation | (233,064) | (176,453) |
Right of use assets, net | 266,615 | 287,656 |
Construction in progress | 528,575 | 663,735 |
Total property, plant and equipment | 18,098,316 | 18,143,152 |
Intangible assets | 140,895 | 150,925 |
Investments and other assets | ||
Investment securities | 7,259,598 | 7,503,177 |
Retirement benefit asset | 832,728 | 837,665 |
Deferred tax assets | 196,471 | 168,559 |
Other | 97,151 | 94,799 |
Total investments and other assets | 8,385,950 | 8,604,202 |
Total non-current assets | 26,625,162 | 26,898,280 |
Total assets | 66,884,993 | 66,162,356 |
(Thousands of yen)
As of October 31, 2025
As of January 31, 2026
Liabilities
Current liabilities
Notes and accounts payable - trade | 1,536,233 | 1,445,654 |
Electronically recorded obligations - operating | 577,208 | 620,927 |
Short-term borrowings | 4,199,804 | 4,949,706 |
Lease liabilities | 204,229 | 214,783 |
Income taxes payable | 261,676 | 154,125 |
Contract liabilities | 61,264 | 79,650 |
Provision for bonuses | 877,216 | 508,174 |
Provision for bonuses for directors (and other officers) | 108,896 | 31,373 |
Provision for business restructuring | 20,681 | - |
Accounts payable - other | 1,457,282 | 1,128,553 |
Other | 673,413 | 594,512 |
Total current liabilities | 9,977,907 | 9,727,463 |
Non-current liabilities | ||
Long-term borrowings | 853,573 | 730,595 |
Lease liabilities | 342,001 | 319,566 |
Deferred tax liabilities | 2,298,578 | 2,366,781 |
Retirement benefit liability | 744,477 | 767,138 |
Provision for share awards for directors (and other officers) | 133,281 | 137,890 |
Asset retirement obligations | 85,029 | 85,029 |
Other | 102,746 | 102,752 |
Total non-current liabilities | 4,559,689 | 4,509,755 |
Total liabilities | 14,537,597 | 14,237,219 |
Net assets | ||
Shareholders' equity | ||
Share capital | 5,855,000 | 5,855,000 |
Capital surplus | 7,955,040 | 7,955,040 |
Retained earnings | 29,893,225 | 29,618,743 |
Treasury shares | (1,470,035) | (2,147,285) |
Total shareholders' equity | 42,233,230 | 41,281,498 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,387,408 | 2,538,153 |
Foreign currency translation adjustment | 7,148,938 | 7,521,157 |
Remeasurements of defined benefit plans | 162,477 | 178,297 |
Total accumulated other comprehensive income | 9,698,824 | 10,237,608 |
Non-controlling interests | 415,341 | 406,030 |
Total net assets | 52,347,396 | 51,925,137 |
Total liabilities and net assets | 66,884,993 | 66,162,356 |
Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income For the Three-Month Period | ||
(Thousands of yen) | ||
For the three months | For the three months | |
ended January 31, 2025 | ended January 31, 2026 | |
Net sales | 6,873,902 | 7,175,373 |
Cost of sales | 4,693,302 | 5,147,164 |
Gross profit | 2,180,599 | 2,028,209 |
Selling, general and administrative expenses | 1,664,457 | 1,698,874 |
Operating profit | 516,141 | 329,334 |
Non-operating income | ||
Interest income | 34,423 | 48,740 |
Dividend income | 8,306 | 3,075 |
Foreign exchange gains | - | 14,935 |
Share of profit of entities accounted for using equity 26,421 63,785 | ||
method | ||
Compensation income | 51,885 | - |
Other | 18,170 | 12,869 |
Total non-operating income | 139,209 | 143,405 |
Non-operating expenses | ||
Interest expenses | 10,680 | 17,796 |
Loss on retirement of non-current assets | 408 | 198 |
Foreign exchange losses | 37,045 | - |
Other | 1,658 | 339 |
Total non-operating expenses | 49,793 | 18,334 |
Ordinary profit | 605,557 | 454,406 |
Extraordinary income | ||
Gain on sale of non-current assets | - | 97,063 |
Total extraordinary income | - | 97,063 |
Profit before income taxes | 605,557 | 551,469 |
Total income taxes | 261,447 | 189,647 |
Profit | 344,109 | 361,822 |
Profit attributable to non-controlling interests | 38,968 | 23,570 |
Profit attributable to owners of parent | 305,141 | 338,251 |
Quarterly Consolidated Statement of Comprehensive Income | ||
For the Three-Month Period | ||
(Thousands of yen) | ||
For the three months | For the three months | |
ended January 31, 2025 | ended January 31, 2026 | |
Profit | 344,109 | 361,822 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 330,075 | 150,745 |
Foreign currency translation adjustment | (260,551) | 196,569 |
Remeasurements of defined benefit plans, net of tax | 6,637 | 15,820 |
Share of other comprehensive income of entities accounted for using equity method | 133,999 | 175,648 |
Total other comprehensive income | 210,161 | 538,784 |
Comprehensive income | 554,271 | 900,606 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent
515,303 877,035
Comprehensive income attributable to non-controlling interests
38,968
23,570