Presentation of Financial Results Third
Quarter of the Fiscal Year Ending
Ending October 31, 2023
OHARA INC. (Code: 5218)
Sep.8th.2023
1 Overview of FY2023 3Q
- Main Points of Results
- Summary of Results
- Optical Business
- Electronics Business
- Factors for Changes in Operating profit/ｌoss
CONTENTS | 2 Outlook for FY2023 |
- Summary of Full-Year Results Forecast
- Revision of the Results Forecast
- Explanation of future business environment
- Forecasts for the Optical Business
- Forecasts for the Optical Business （semi- annual/quarter）
- Forecasts for the Electronics Business
- Forecasts for the Electronics Business（semi- annual/quarter）
- Capital Expenditure, Depreciation,
and Research and Development | 2 |
Overview of FY2023 3Q
Main Points of Results
Business Environment
■The recovery trend continued, reflecting progress in efforts to institute infection prevention measures while simultaneously facilitating economic activity, despite the continuing impact of the COVID-19 pandemic.
■The outlook remained uncertain, mainly reflecting the Russia-Ukraine war, weakness in the real estate market in China, the acceleration of global inflation due to high resource prices, as well as foreign exchange rate instability.
■The digital camera market remained firm, mainly due to increased sales of mirrorless cameras.
■In the exposure device market, FPD exposure devices remained weak, but semiconductor exposure devices remained firm.
Company Results
■Net sales increased 2.3% year on year, given higher sales of high homogeneity optical glass for semiconductor exposure devices.
■Operating profit decreased 4.4% year on year, reflecting the impact of increasing raw material and fuel costs, increasing in SG&A expenses, despite a rise in sales of high value-added products.
■In the optical business, the operating rate of production facilities declined due to the impact of inventory adjustments within the supply chain.
1_Overview of FY2023 3Q | Copyright© 2023 OHARA INC. All Rights Reserved. | 4 |
Summary of Results
(Million yen, %) | |||||
FY2022 | FY2023 | Change | |||
1-3Q Total | 1-3Q Total | ||||
Net Sales | 20,961 | 21,449 | 488 | ||
2.3% | |||||
Operating Profit | 2,229 | 2,130 | (98) | ||
[Operating Profit | 10.6% | 9.9% | (4.4)% | ||
ratio] | |||||
Ordinary Profit | 2,667 | 2,301 | (365) | ||
[Ordinary Profit | 12.7% | 10.7% | (13.7)% | ||
ratio] | |||||
Profit | 1,574 | 1,554 | (19) | ||
(attributable to | |||||
owners of parent) | |||||
[Profit ratio] | 7.5% | 7.2% | (1.3)% | ||
Exchange Rate | Average for | Average for | |||
the period | the period | ||||
Yen/USD | 122.54 | 136.52 | |||
Yen/EUR | 133.81 | 146.59 | |||
Breakdown of net sales
Pressed optical glass products | Block optical glass products | |||
（Million yen） | Special glass and glass-ceramics | Quartz glass | ||
8,000 | 6,886 | 7,370 | 7,343 | 7,044 | 7,510 | 6,893 | |
6,703 | |||||||
6,000 | 3,032 | 3,265 | 3,320 | 3,206 | 3,272 | 3,088 | |
3,235 | |||||||
4,000 | 1,097 | 1,031 | 964 | ||||
1,002 | 995 | 898 | |||||
912 | |||||||
2,000 | 1,481 | 1,598 | 1,677 | 1,891 | 1,848 | 2,218 | 1,752 |
0 | 1,074 | 1,252 | 1,328 | 1,100 | 995 | 1,055 | 1,155 |
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
FY2022 | FY2023 |
Breakdown of operating profit
（Million yen） | Optical Business | Electronics Business | Total | |||
1,500
923 | 937 | |||||
1,000 | 748 | 747 | ||||
640 | ||||||
556 | 332 | 552 | ||||
426 | ||||||
255 | 214 | |||||
500 | ||||||||
259 | 605 | 672 | 658 | |||||
493 | 497 | 533 | ||||||
296 | ||||||||
0 | (31) | |||||||
(106) | ||||||||
△500
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q |
FY2022 | FY2023 |
1_Overview of FY2023 3Q | Copyright© 2023 OHARA INC. All Rights Reserved. | 5 |