Ohara Inc.TSE: 5218

Presentation of Financial Results First Quarter of the Fiscal Year Ending October 31, 2025

Mar 21, 2025 at 6:48 AM UTC · Issued by Ohara Inc.

Presentation of Financial Results

First Quarter of the Fiscal Year Ending

October 31, 2025

OHARA INC. (Code: 5218)

Mar.14th.2025

Summary

	2	Overview of FY2025 1Q
	•	Summary of Results
	•	Optical Business
	•	Electronics Business
	•	Quarterly Changes
CONTENTS	•	Factors for Changes in Operating Profit/Loss

Outlook for FY2025

Revision of the Results Forecasts
Summary of 1H Results Forecasts
Summary of Full-Year Results Forecasts
Explanation of Future Business Environment
Forecasts for the Optical Business
Forecasts for the Electronics Business
Semi-AnnualChanges
Capital Expenditure, Depreciation and Research and

Development	2

Summary

FY2025 1Q Result

►Optical business has completed inventory adjustment by customers and gradually returned to production based on actual demand. Electronics business moved to temporary inventory adjustment.

	Optical Business	Electronics Business
Net Sales 6,873 Million yen	Net Sales 3,586 Million yen	Net Sales 3,287 Million yen
(yoy +8.3％)	(yoy +7.9％)	(yoy +8.9％)
Operating Profit 516 Million yen	Operating Profit -210 Million yen	Operating Profit 727 Million yen
(yoy +40.7％)	(FY2024 1Q -300 Million yen)	(yoy +8.9％)

FY2025 Forecast

►Revised 1H forecasts upward in light of current conditions. Full-year forecast remains unchanged from initial forecast (see slide 12).

	Optical Business		Electronics Business
Net Sales 28,600 Million yen	Net Sales 14,400 Million yen	Net Sales 14,200 Million yen
(yoy +2.5％)	(yoy +3.3％)	(yoy +1.7％)
Operating Profit 2,400 Million yen	Operating Profit	0 Million yen	Operating Profit 2,400 Million yen
(yoy +10.2％)	(FY2024 1Q -800 Million yen)	(yoy -19.4％)

1_Summary

Overview of FY2025 1Q

Summary of Results

			（Million yen, %)

	FY2024	FY2025	Change
	１Q	１Q


Net Sales	6,345	6,873	528
			8.3%

Operating Profit	366	516	149
[Operating profit	5.8%	7.5%	40.7%
ratio]


Ordinary Profit	378	605	226
[Ordinary profit	6.0%	8.8%	59.9%
ratio]


Net Profit	116	305	188
(attributable to owners
of parent)
[Net profit ratio]	1.8%	4.4%	162.3%

Exchange Rate	Average for	Average for
the period	the period

Yen/USD	146.86	154.68
Yen/EUR	159.66	162.22

Breakdown of net sales

（Million yen）		Pressed optical glass products		Block optical glass products


	Special glass and glass-ceramics		Quartz glass

8,000						7,592
		6,900				7,071	6,873

	6,345

6,000			2,784			3,239	2,824	2,959

	2,599

4,000			517			596			659
726					627


2,000	1,976		2,308			2,413	2,275	1,870
	1,290			1,343	1,312	1,416
	1,043
0
1Q		2Q		3Q			4Q		1Q

			FY2024					FY2025

Breakdown of operating profit

（Million yen）	Optical Business		Electronics Business	Total

1,500
		822
1,000

		470		517	516
	366
500		933
	775
			602	727
	667

0			(110)	(84)	(210)
	(300)	(304)

(500)

1Q	2Q	3Q	4Q	1Q
		FY2024		FY2025

2_Overview of FY2025 1Q

Optical Business

1Q comparison

Net sales of pressed optical glass products

Net sales of block optical glass products

Operating profit

（Million yen）

5,000

4,500

4,000
		3,586

3,500	3,325

3,000

2,500
2,599	2,959
2,000

1,500

1,000

500
726	627

0
			(210)
(500)		(300)


		FY2024 1Q		FY2025 1Q

Situation

【Net sales】

►A year-on-year increase of 7.9%.

►Sales of pressed optical glass products increased as inventory adjustments in interchangeable lens applications were almost resolved and demand recovered.

►On the other hand, sales of block optical glass products declined overseas.

【Operating profit】

►A year-on-year increase of 89 million yen.

►Operating loss narrowed due to better utilization ratio of production facilities as inventory adjustment was almost resolved.

2_Overview of FY2025 1Q

Electronics Business

1Q comparison

					Net sales of special glass and glass-ceramics


					Net sales of quartz glass


（Million yen）		Operating profit


5,000

4,500

4,000
						3,287
3,500			3,019

3,000

2,500
						1,870

2,000			1,976
1,500
						1,416
1,000

	1,043

500
	667			727


0

(500)
		FY2024 1Q	FY2025 1Q

Situation

【Net sales】

►A year-on-year increase of 8.9%.

►Sales of special glass and glass-ceramics declined due to inventory adjustments in semiconductor lithography system applications.

►Sales of quartz glass for FPD lithography system increased.

【Operating profit】

►A year-on-year increase of 8.9%.

►Impact of increased sales due to higher quartz glass sales.

2_Overview of FY2025 1Q

	Quarterly Changes
		Optical Business
		Net sales of pressed optical glass products
		Net sales of block optical glass products
		Operating profit
（Million yen）
5,000
4,500
4,000			3,836
				3,586
				3,483
3,500	3,325	3,301

3,000
2,500
2,000	2,599		3,239	2,824	2,959
2,784

1,500
1,000
500	726		596	659	627
	517

0
(500)	(300)	(304)	(110)	(84)	(210)


	1Q	2Q	3Q	4Q	1Q
		FY2024		FY2025

		Electronics Business
		Net sales of special glass and glass-ceramics
		Net sales of quartz glass
		Operating profit
（Million yen）
5,000
4,500
4,000		3,598	3,756	3,587

3,500					3,287
	3,019
3,000
2,500		2,308	2,413	2,275	1,870

2,000	1,976
1,500
1,000		1,290	1,343	1,312	1,416
1,043
		933
500		775		727
667		602


0
(500)
	1Q	2Q	3Q	4Q	1Q
		FY2024		FY2025

2_Overview of FY2025 1Q

Factors for Changes in Operating Profit/Loss

Optical Business		Electronics Business

（Million yen）

Cost/ Op. Expenses

Product (excl. R&D)

Mix

R&D FX

Sales

Volume

（Million yen）

Cost/

Sales Product

Volume Mix

Op. Expenses R&D

(excl. R&D)

FY2024	FY2025	FY2024	FY2025
1Q Operating	1Q Operating	1Q Operating	1Q Operating
profit/loss	profit/loss	profit/loss	profit/loss

2_Overview of FY2025 1Q

Company analysis

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