Presentation of Financial Results
Fiscal Year Ended October 31, 2024
OHARA INC. (Code: 5218)
Dec.11th.2025
Summary
Overview of FY2025
Net Sales 28,895 Million yen
(YoY +3.5％)
Operating Profit 1,794 Million yen
(YoY-17.6％)
Optical Business
Net Sales 15,310 Million yen
(YoY +9.8％)
Operating Profit -799 Million yen
(FY2024 -800 Million yen)
Electronics Business
Net Sales 13,585 Million yen
(YoY -2.7％)
Operating Profit 2,593 Million yen
(YoY -12.9％)
Although the Optical Business recorded higher revenue year-on-year, profit levels remained roughly unchanged primarily due to soaring raw material costs.
The Electronics Business recorded a year-on-year decline in both revenue and profit as inventory adjustments for products used in semiconductor lithography systems continued.
The impact of U.S. tariff policy was minimal.
Outlook for FY2026
Net Sales 28,900 Million yen
(YoY +0.0％)
Operating Profit 1,100 Million yen
(YoY -38.7％)
Optical Business
Net Sales 15,300 Million yen
(YoY -0.1％)
Operating Profit -700 Million yen
(FY2024 -799 Million yen)
Electronics Business
Net Sales 13,600 Million yen
(YoY +0.1％)
Operating Profit 1,800 Million yen
(YoY -30.6％)
The Optical Business will continue implementing price revisions and cost reduction measures; however, expenses related to addressing rare earth procurement risks are expected to occur.
The Electronics Business is expected to see a change in product mix as inventory adjustments for products used in semiconductor lithography systems continue through the end of the first half of FY2026.
Copyright© 2025 OHARA INC. All Rights Reserved. 2
CONTENTS
1 Overview of FY2025
Summary of Results
Optical Business➀
Optical Business➁
Electronics Business➀
Electronics Business➁
Statement of Cash Flows
2 Outlook for FY2026
Summary of Results Forecasts
Forecasts for the Optical Business
Forecasts for the Electronics Business
Capital Expenditure, Depreciation, and Research and Development
Capital Allocation Philosophy
Progress of Medium-Term Management Plan
3
Efforts in New Business Development
Efforts in Existing Business Operations
Overview of FY2025
Breakdown of net sales
（Million yen, %）
7,592
7,828
6,900
7,071
6,873
6,927
7,266
6,345
3,836
3,301
3,483
3,561
3,935
4,226
3,325
3,586
3,019
3,598
3,756
3,587
3,287
3,365
3,330
3,601
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
FY2024 FY2025
FY2024 | FY2025 | Change | |
Net Sales | 27,909 | 28,895 | 986 3.5% |
Operating Profit | 2,177 | 1,794 | （383） |
[Operating profit ratio] | 7.8% | 6.2% | （17.6%） |
Ordinary Profit | 2,587 | 2,289 | （298） |
[Ordinary profit ratio] | 9.3% | 7.9% | （11.5%） |
Net Profit (attributable to owners | 1,568 | 1,730 | 162 |
of parent) | |||
[Net profit ratio] | 5.6% | 6.0% | 10.4% |
Exchange Rate | Average for the period | Average for the period | |
Yen/USD | 150.54 | 149.34 | |
Yen/euro | 163.59 | 166.06 |
（Million yen）
8,000
6,000
4,000
2,000
0
（Million yen）
1,500
Breakdown of operating profit
Optical Business Electronics Business
1,000
822
535
1_ Overview of FY2025
Net profit for the full fiscal year ending October 2025 increased year-on-year, mainly due to the recognition of gains on the sale of investment securities.
500
0
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
FY2024 FY2025
Copyright© 2025 OHARA INC. All Rights Reserved.
5
(500)
366
(300)
667
470
775
933
(304)
(110)
517 516
602 727 712
(210)
(84)
(176)
520
548
(27)
222
606
(384)
Full-year comparison
Key Points of Performance
6
Net sales were 15,310 million yen (up 9.8% year-on-year).
Operating loss was 799 million yen (compared to an operating loss of 800 million yen in the previous fiscal year).
Sales of pressed optical glass products increased year-on-year due to recovering demand for digital cameras and interchangeable lenses in Japan and China.
Costs increased due to higher raw material expenses and selling, general and administrative expenses.
As a result, revenue increased year-on-year, while the operating loss remained at a similar level to the previous fiscal year.
（Million yen）
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
(2,000)
15,310
13,946 | 12,458 | |||
11,447 | ||||
2,851 | ||||
2,499 | ||||
(800) (799)
FY2024 FY2025
1_ Overview of FY2025
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Factors for Changes in Operating Profit/Loss
Key Points of Performance
（Million yen）
Increase of 1 million yen
Impact of soaring raw material costs: (160)
Deterioration in product mix: (140)
Expenses related to addressing rare earth procurement risks: (40)
FY2024
Sales Volume
Cost/ Product Mix
Op. FX
Expenses
FY2025
1_ Overview of FY2025
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7
【Sales Volume】+247
Improved year-on-year due to increased sales to Japan and China, mainly for pressed optical glass products.
【Cost/Product Mix】+18
Accelerated the shift in production at the Taiwan plant from optical products to electronics products.
Implemented price revisions to strengthen the revenue base.
The improvement compared to the previous fiscal year was limited due to the impact of soaring raw material costs (160 million yen), increased costs from a deteriorated product mix (140 million yen), and expenses related to addressing rare earth procurement risks (40 million yen).
【Op. Expenses】(269)
Selling, general and administrative expenses increased due to higher costs for material development of optical products.
Full-year comparison
Key Points of Performance
（Million yen）
8
Net sales were 13,585 million yen
（down 2.7% year-on-year）.
Operating profit was 2,593 million yen (down 12.9%).
Sales of special glass and glass-ceramics declined despite increased sales of low-dielectric glass used in printed circuit boards for AI servers, due to inventory adjustments for products used in semiconductor lithography systems.
Sales of quartz glass increased for use in FPD lithography systems and semiconductor photomasks.
As a result, the Electronics business recorded a decrease in both revenue and profit compared to the previous fiscal year.
16,000
14,000
12,000
10,000
8,000
2,978
4,989
2,593
5,300
8,973
8,285
13,962 13,585
6,000
4,000
2,000
0
(2,000)
FY2024 FY2025
1_ Overview of FY2025
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Factors for Changes in Operating Profit/Loss
Key Points of Performance
9
【 Sales Volume 】(167)
Worsened year-on-year due to a decline in sales of special glass and glass ceramics.
【 Cost/Product Mix 】(340)
The impact of inventory adjustments for products used in semiconductor lithography equipment was significant, and due to lower operating rates of production facilities and changes in the product mix, results worsened year-on-year.
【 Op. Expenses 】+123
In the first quarter of FY2024 (ending October), expenses decreased year-on-year as temporary development costs were recorded in the previous period.
（Million yen）
Decrease of 384 million yen
FY2024
Sales Volume
Cost/ Product Mix
Op. FX
Expenses
FY2025
1_ Overview of FY2025
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Statement of Cash Flows
Interest-bearing liabilities
（Million yen） （Million yen）
Interest-bearing liabilities
（%）
8,000
20.0%
9.0%
8.4%
5,856
5,599
Decrease of 583 million yen in cash balance
6,000 15.0%
4,000 10.0%
2,000 5.0%
Balance at beginning of fiscal year
CF from operating activities
CF from investing activities
CF from financing activities
Other
Balance at end of fiscal year
0
10
End of FY2024 End of FY2025
0.0%
1_ Overview of FY2025
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