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.
December 11, 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 of annual general meeting of shareholders: January 30, 2026 Scheduled date to commence dividend payments: February 2, 2026 Scheduled date to file annual securities report: January 29, 2026
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 fiscal year ended October 31, 2025 (from November 1, 2024 to October 31, 2025)
-
Consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Fiscal year ended
October 31, 2025
October 31, 2024
Millions of yen
28,895
27,909
%
3.5
(0.8)
Millions of yen
1,794
2,177
%
(17.6)
(2.5)
Millions of yen
2,289
2,587
%
(11.5)
(0.6)
Millions of yen
1,730
1,568
%
10.4
(0.2)
Note: Comprehensive income
For the fiscal year ended October 31, 2025:
¥
2,101 million [
(47.9) %]
For the fiscal year ended October 31, 2024:
¥
4,031 million [
57.3%]
Basic earnings per share
Diluted earnings per share
Rate of return on equity
Ordinary profit to total assets ratio
Operating profit to net sales ratio
Fiscal year ended
Yen
Yen
%
%
%
October 31, 2025
71.04
-
3.4
3.5
6.2
October 31, 2024
64.36
-
3.2
4.1
7.8
Reference: Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended October 31, 2025: ¥ 138 million
For the fiscal year ended October 31, 2024:
¥ 97 million
-
Consolidated financial position
Total assets
Net assets
Equity-to-asset ratio
Net assets per share
As of
October 31, 2025
October 31, 2024
Millions of yen
66,884
65,112
Millions of yen
52,347
50,833
%
77.6
77.6
Yen
2,131.47
2,072.93
Reference: Equity
As of October 31, 2025:
¥
51,932 million
As of October 31, 2024:
¥
50,505 million
- Consolidated cash flows
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
Fiscal year ended October 31, 2025
October 31, 2024
Millions of yen
1,049
2,736
Millions of yen
(854)
(2,232)
Millions of yen
(942)
(1,248)
Millions of yen
13,011
13,595
-
Consolidated operating results (Percentages indicate year-on-year changes.)
-
Cash dividends
Annual dividends per share
Total cash dividends (Total)
Payout ratio (Consolidated)
Ratio of dividends to net assets (Consolidated)
First quarter-end
Second quarter-end
Third quarter-end
Fiscal year-end
Total
Yen
Yen
Yen
Yen
Yen
Millions of yen
%
%
Fiscal year ended October 31, 2024
-
0.00
-
23.00
23.00
562
35.7
1.1
Fiscal year ended October 31, 2025
-
0.00
-
25.00
25.00
612
35.2
1.2
Fiscal year ending October 31, 2026
(Forecast)
-
0.00
-
25.00
25.00
67.7
- 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 | |||||
Millions of yen 14,100 28,900 | % | Millions of yen 300 1,100 | % | Millions of yen 500 1,600 | % | Millions of yen 100 900 | % | Yen | |
Six months ending April 30, 2026 | 2.2 | (71.5) | (61.3) | (86.8) | 4.10 | ||||
Full year | 0.0 | (38.7) | (30.1) | (48.0) | 36.94 | ||||
Significant changes in the scope of consolidation during the period: 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)
As of October 31, 2025
25,450,000 shares
As of October 31, 2024
25,450,000 shares
Number of treasury shares at the end of the period
As of October 31, 2025
1,085,568 shares
As of October 31, 2024
1,085,568 shares
Average number of shares outstanding during the period
Fiscal Year ended October 31, 2025 | 24,364,432 shares |
Fiscal Year ended October 31, 2024 | 24,364,475 shares |
-
Non-consolidated operating results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit
Fiscal year ended
October 31, 2025
October 31, 2024
Millions of yen
14,412
14,448
%
(0.3)
(2.7)
Millions of yen
(1,161)
(472)
%
-
-
Millions of yen
802
2,165
%
(62.9)
14.8
Millions of yen
1,222
2,082
%
(41.3)
10.6
Basic earnings per share
Diluted earnings per share
Fiscal year ended
Yen
Yen
October 31, 2025
50.18
-
October 31, 2024
85.49
-
- Non-consolidated financial position
Total assets | Net assets | Equity-to-asset ratio | Net assets per share | |
As of October 31, 2025 October 31, 2024 | Millions of yen 39,997 39,689 | Millions of yen 29,824 29,642 | % 74.6 74.7 | Yen 1,224.09 1,216.62 |
Reference: Equity
As of October 31, 2025: | ¥ | 29,824 million |
As of October 31, 2024: | ¥ | 29,642 million |
Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
Consolidated Financial Statements and Primary Notes
Consolidated Balance Sheet
(Thousands of yen)
As of October 31, 2024
As of October 31, 2025
Assets
Current assets
Cash and deposits | 15,161,264 | 14,361,720 |
Notes and accounts receivable - trade | 7,163,129 | 7,607,463 |
Electronically recorded monetary claims -operating | 1,819,509 | 1,335,936 |
Securities | - | 99,280 |
Merchandise and finished goods | 2,887,775 | 3,370,214 |
Work in process | 7,856,061 | 8,321,727 |
Raw materials and supplies | 3,568,974 | 4,314,952 |
Other | 624,784 | 874,369 |
Allowance for doubtful accounts | (26,832) | (25,834) |
Total current assets | 39,054,666 | 40,259,830 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures | 15,519,988 | 16,346,199 |
Accumulated depreciation | (11,169,249) | (11,644,907) |
Buildings and structures, net | 4,350,738 | 4,701,292 |
Machinery, equipment and vehicles | 19,008,651 | 19,801,695 |
Accumulated depreciation | (16,518,683) | (17,032,118) |
Machinery, equipment and vehicles, net | 2,489,968 | 2,769,577 |
Tools, furniture and fixtures | 12,692,181 | 13,174,317 |
Accumulated depreciation | (3,538,205) | (3,695,111) |
Tools, furniture and fixtures, net | 9,153,976 | 9,479,206 |
Land | 340,077 | 353,050 |
Right-of-use assets | 481,245 | 499,679 |
Accumulated depreciation | (210,283) | (233,064) |
Right-of-use assets, net | 270,961 | 266,615 |
Construction in progress | 517,523 | 528,575 |
Total property, plant and equipment | 17,123,245 | 18,098,316 |
Intangible assets | 206,930 | 140,895 |
Investments and other assets | ||
Investment securities | 7,839,288 | 7,259,598 |
Retirement benefit asset | 614,254 | 832,728 |
Deferred tax assets | 177,848 | 196,471 |
Other | 96,221 | 97,151 |
Total investments and other assets | 8,727,613 | 8,385,950 |
Total non-current assets | 26,057,789 | 26,625,162 |
Total assets | 65,112,456 | 66,884,993 |
(Thousands of yen)
As of October 31, 2024
As of October 31, 2025
Liabilities
Current liabilities
Notes and accounts payable - trade | 1,385,811 | 1,536,233 |
Electronically recorded obligations - operating | 718,290 | 577,208 |
Short-term borrowings | 4,011,763 | 4,199,804 |
Lease liabilities | 359,437 | 204,229 |
Income taxes payable | 238,793 | 261,676 |
Contract liabilities | 44,761 | 61,264 |
Provision for bonuses | 940,307 | 877,216 |
Provision for bonuses for directors (and other officers) | 106,085 | 108,896 |
Provision for business restructuring | - | 20,681 |
Accounts payable - other | 1,349,740 | 1,457,282 |
Other | 584,246 | 673,413 |
Total current liabilities | 9,739,237 | 9,977,907 |
Non-current liabilities | ||
Long-term borrowings | 1,156,870 | 853,573 |
Lease liabilities | 328,921 | 342,001 |
Deferred tax liabilities | 1,895,789 | 2,298,578 |
Retirement benefit liability | 857,469 | 744,477 |
Provision for share awards for directors (and other officers) | 113,090 | 133,281 |
Asset retirement obligations | 85,663 | 85,029 |
Other | 101,767 | 102,746 |
Total non-current liabilities | 4,539,571 | 4,559,689 |
Total liabilities | 14,278,809 | 14,537,597 |
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 | 29,893,225 |
Treasury shares | (1,477,135) | (1,470,035) |
Total shareholders' equity | 41,064,995 | 42,233,230 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,839,310 | 2,387,408 |
Foreign currency translation adjustment | 6,479,903 | 7,148,938 |
Remeasurements of defined benefit plans | 121,645 | 162,477 |
Total accumulated other comprehensive income | 9,440,859 | 9,698,824 |
Non-controlling interests | 327,793 | 415,341 |
Total net assets | 50,833,647 | 52,347,396 |
Total liabilities and net assets | 65,112,456 | 66,884,993 |
Consolidated Statements of Income and Comprehensive Income
Consolidated Statement of Income | ||
(Thousands of yen) | ||
For the fiscal year | For the fiscal year | |
ended October 31, 2024 | ended October 31, 2025 | |
Net sales | 27,909,188 | 28,895,673 |
Cost of sales | 19,125,422 | 20,349,109 |
Gross profit | 8,783,766 | 8,546,564 |
Selling, general and administrative expenses | 6,606,167 | 6,752,297 |
Operating profit | 2,177,599 | 1,794,267 |
Non-operating income | ||
Interest income | 160,190 | 125,457 |
Dividend income | 124,194 | 129,490 |
Foreign exchange gains | - | 52,641 |
Share of profit of entities accounted for using equity 97,177 138,622 | ||
method | ||
Other | 124,007 | 119,876 |
Total non-operating income | 505,569 | 566,089 |
Non-operating expenses | ||
Interest expenses | 42,587 | 59,018 |
Loss on retirement of non-current assets | 36,801 | 2,420 |
Foreign exchange losses | 11,556 | - |
Other | 4,446 | 9,149 |
Total non-operating expenses | 95,391 | 70,588 |
Ordinary profit | 2,587,777 | 2,289,768 |
Extraordinary income | ||
Gain on sale of investment securities | - | 897,450 |
Total extraordinary income | - | 897,450 |
Extraordinary losses | ||
Loss on valuation of investment securities | - | 101,999 |
Provision for business restructuring | - | 19,690 |
Total extraordinary losses | - | 121,690 |
Profit before income taxes | 2,587,777 | 3,065,527 |
Income taxes - current | 978,111 | 880,456 |
Income taxes - deferred | (44,506) | 341,861 |
Total income taxes | 933,605 | 1,222,318 |
Profit | 1,654,172 | 1,843,209 |
Profit attributable to non-controlling interests | 85,967 | 112,409 |
Profit attributable to owners of parent | 1,568,205 | 1,730,799 |
Consolidated Statement of Comprehensive Income | ||
(Thousands of yen) | ||
For the fiscal year | For the fiscal year | |
ended October 31, 2024 | ended October 31, 2025 | |
Profit | 1,654,172 | 1,843,209 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 858,325 | (451,902) |
Foreign currency translation adjustment | 1,102,512 | 624,184 |
Remeasurements of defined benefit plans, net of tax | 416,980 | 40,832 |
Share of other comprehensive income of entities accounted for using equity method | (776) | 44,851 |
Total other comprehensive income | 2,377,042 | 257,965 |
Comprehensive income | 4,031,214 | 2,101,175 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent
3,945,247 1,988,765
Comprehensive income attributable to non-controlling interests
85,967
112,409
Consolidated Statement of Changes in Equity
For the fiscal year ended October 31, 2024
(Thousands of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 5,855,000 | 7,962,140 | 27,645,972 | (1,477,050) | 39,986,063 |
Changes during period | |||||
Dividends of surplus | (489,187) | (489,187) | |||
Profit attributable to owners of parent | 1,568,205 | 1,568,205 | |||
Purchase of treasury shares | (84) | (84) | |||
Disposal of treasury shares | - | ||||
Decrease (increase) in retained earnings due to exclusion from consolidation | - | ||||
Net changes in items other than shareholders' equity | - | ||||
Total changes during period | - | - | 1,079,017 | (84) | 1,078,932 |
Balance at end of period | 5,855,000 | 7,962,140 | 28,724,990 | (1,477,135) | 41,064,995 |
Accumulated other comprehensive income | Non-controlling interests | Total net assets | ||||
Valuation difference on available-for-sale securities | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | |||
Balance at beginning of period | 1,980,984 | 5,378,166 | (295,334) | 7,063,816 | 261,475 | 47,311,354 |
Changes during period | ||||||
Dividends of surplus | - | (489,187) | ||||
Profit attributable to owners of parent | - | 1,568,205 | ||||
Purchase of treasury shares | - | (84) | ||||
Disposal of treasury shares | - | - | ||||
Decrease (increase) in retained earnings due to exclusion from consolidation | - | - | ||||
Net changes in items other than shareholders' equity | 858,325 | 1,101,736 | 416,980 | 2,377,042 | 66,318 | 2,443,360 |
Total changes during period | 858,325 | 1,101,736 | 416,980 | 2,377,042 | 66,318 | 3,522,292 |
Balance at end of period | 2,839,310 | 6,479,903 | 121,645 | 9,440,859 | 327,793 | 50,833,647 |
For the fiscal year ended October 31, 2025
(Thousands of yen)
Shareholders' equity | |||||
Share capital | Capital surplus | Retained earnings | Treasury shares | Total shareholders' equity | |
Balance at beginning of period | 5,855,000 | 7,962,140 | 28,724,990 | (1,477,135) | 41,064,995 |
Changes during period | |||||
Dividends of surplus | (562,564) | (562,564) | |||
Profit attributable to owners of parent | 1,730,799 | 1,730,799 | |||
Purchase of treasury shares | (61,800) | (61,800) | |||
Disposal of treasury shares | (7,100) | 68,900 | 61,800 | ||
Decrease (increase) in retained earnings due to exclusion from consolidation | - | ||||
Net changes in items other than shareholders' equity | - | ||||
Total changes during period | - | (7,100) | 1,168,235 | 7,100 | 1,168,235 |
Balance at end of period | 5,855,000 | 7,955,040 | 29,893,225 | (1,470,035) | 42,233,230 |
Accumulated other comprehensive income | Non-controlling interests | Total net assets | ||||
Valuation difference on available-for-sale securities | Foreign currency translation adjustment | Remeasurements of defined benefit plans | Total accumulated other comprehensive income | |||
Balance at beginning of period | 2,839,310 | 6,479,903 | 121,645 | 9,440,859 | 327,793 | 50,833,647 |
Changes during period | ||||||
Dividends of surplus | - | (562,564) | ||||
Profit attributable to owners of parent | - | 1,730,799 | ||||
Purchase of treasury shares | - | (61,800) | ||||
Disposal of treasury shares | - | 61,800 | ||||
Decrease (increase) in retained earnings due to exclusion from consolidation | - | - | ||||
Net changes in items other than shareholders' equity | (451,902) | 669,035 | 40,832 | 257,965 | 87,547 | 345,513 |
Total changes during period | (451,902) | 669,035 | 40,832 | 257,965 | 87,547 | 1,513,748 |
Balance at end of period | 2,387,408 | 7,148,938 | 162,477 | 9,698,824 | 415,341 | 52,347,396 |
Consolidated Statement of Cash Flows
For the fiscal year ended October 31, 2024
(Thousands of yen)
Increase (decrease) in long-term accounts payable -other
(15,680)
-
Payments for retirement of property, plant and equipment
(29,086)
(398)
For the fiscal year ended October 31, 2025
Cash flows from operating activities
Profit before income taxes 2,587,777 3,065,527
Depreciation 1,491,439 1,442,081
Share of loss (profit) of entities accounted for using equity method
(97,177) (138,622)
Decrease (increase) in retirement benefit asset (209,903) (197,732)
Increase (decrease) in retirement benefit liability (196,787) (112,991)
Increase (decrease) in provision for share awards for directors (and other officers)
16,053 20,191
Increase (decrease) in provision for bonuses 75,001 (73,049)
Increase (decrease) in allowance for doubtful accounts (37,590) (2,240)
Increase (decrease) in provision for loss on litigation (21,700) -
Increase (decrease) in provision for business restructuring
- 19,690
Increase (decrease) in asset retirement obligations (50) 2,372
Interest and dividend income (284,384) (254,947)
Interest expenses 42,587 59,018
Foreign exchange losses (gains) 33,351 2,719
Loss on retirement of non-current assets 36,801 2,420
Loss (gain) on sale of non-current assets (25,199) (168)
Loss (gain) on sale of investment securities - (897,450)
Loss (gain) on valuation of investment securities - 101,999
Decrease (increase) in trade receivables (557,047) 223,469
Decrease (increase) in inventories (143,544) (1,468,140)
Increase (decrease) in trade payables 38,719 16,821
Other, net 854,683 (120,090)
Subtotal 3,587,349 1,690,876
Interest and dividends received 282,314 258,651
Interest paid (43,717) (60,416)
Income taxes paid (1,089,888) (839,853)
Income from return of deposit 15,000 -
Settlement paid (15,000) -
Net cash provided by (used in) operating activities 2,736,057 1,049,258
Cash flows from investing activities
Payments into time deposits (2,733,003) (1,336,524)
Proceeds from withdrawal of time deposits 2,115,496 1,550,295
Purchase of investment securities (182,000) (243,499)
Proceeds from sale of investment securities 200,000 1,090,000
Purchase of property, plant and equipment (1,588,271) (1,858,277)
Proceeds from sale of property, plant and equipment 36,773 4,653
Purchase of intangible assets (47,110) (48,088)
Payments for asset retirement obligations (938) (3,005)
Other, net (4,579) (9,180)
Net cash provided by (used in) investing activities (2,232,720) (854,024)
(Thousands of yen) | ||
For the fiscal year | For the fiscal year | |
ended October 31, 2024 | ended October 31, 2025 | |
Cash flows from financing activities | ||
Net increase (decrease) in short-term borrowings | (480,000) | (200,000) |
Proceeds from long-term borrowings | 500,000 | 900,000 |
Repayments of long-term borrowings | (494,669) | (821,702) |
Purchase of treasury shares | (84) | - |
Repayments of installment payables | (266,211) | (233,372) |
Dividends paid | (488,216) | (562,898) |
Dividends paid to non-controlling interests | (19,649) | (24,862) |
Net cash provided by (used in) financing activities | (1,248,832) | (942,835) |
Effect of exchange rate change on cash and cash equivalents | 406,047 | 163,922 |
Net increase (decrease) in cash and cash equivalents | (339,446) | (583,678) |
Cash and cash equivalents at beginning of period | 13,934,932 | 13,595,485 |
Cash and cash equivalents at end of period | 13,595,485 | 13,011,806 |