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OHARA, Ordinary Profit Forecast for the Fiscal Year Revised Downward to an Unexpected 11% Decrease

Fri Jun 13, 2025 3:30 pm JST Earnings

5218 OHARA INC. 【J-GAAP】

Earnings Report

OHARA INC. <5218> [TSE Std] announced its financial results after the market closed on June 13th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending October 2025 (November 2024 to April 2025) increased 14.6% from the same period last year, reaching 1.29 billion yen.

However, the full-year forecast for consolidated ordinary profit has decreased 14.8%, from the previous forecast of 2.70 billion yen to 2.30 billion yen (compared to 2.58 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of an 11.1% decrease in profit. However, the full-year forecast for consolidated net income has been revised upward 10.0%, from the previous forecast of 2.00 billion yen to 2.20 billion yen (compared to 1.56 billion yen in the previous period), increasing the growth rate from 27.6% to 40.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the May to October period (second half) is expected to drop 30.9% from the same period last year to 1.00 billion yen.

In the most recent three-month period, from February to April (2Q), the consolidated ordinary profit decreased to 0.68 billion yen, an 8.4% decrease compared to the same period last year. However, the operating profit margin improved from 6.8% in the same period last year to 7.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Nov - Apr, 2022 14,555 1,578 1,631 1,220 50.1 62.7 Jun 9, 2023 J-GAAP
Nov - Apr, 2023 13,245 837 1,127 605 24.8 43.6 Jun 14, 2024 J-GAAP
Nov - Apr, 2024 13,801 1,051 1,291 756 31.0 56.1 Jun 13, 2025 J-GAAP
YoY +4.2% +25.6% +14.6% +25.0% +25.0%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Nov - Apr, 2024 Guidance 13,700 1,000 1,200 800 32.8 0 Mar 14, 2025 J-GAAP
Nov - Apr, 2024 Results 13,801 1,051 1,291 756 31.0 0 Jun 13, 2025 J-GAAP
Revision Rate +0.7% +5.1% +7.6% -5.5% -5.5%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2025 Prev 28,600 2,400 2,700 2,000 82.1 25 Dec 12, 2024 J-GAAP
Oct, 2025 New 27,500 1,900 2,300 2,200 90.3 25 Jun 13, 2025 J-GAAP
Revision Rate -3.8% -20.8% -14.8% +10.0% +10.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
May - Oct, 2024 14,664 1,340 1,460 963 39.5 23 Dec 12, 2024 J-GAAP
May - Oct, 2025 Guidance 13,699 849 1,009 1,444 59.3 25 Jun 13, 2025 J-GAAP
YoY -6.6% -36.6% -30.9% +49.9% +49.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct, 2023 28,123 2,233 2,603 1,572 64.5 20 Dec 14, 2023 J-GAAP
Oct, 2024 27,909 2,177 2,587 1,568 64.4 23 Dec 12, 2024 J-GAAP
Oct, 2025 Guidance 27,500 1,900 2,300 2,200 90.3 25 Jun 13, 2025 J-GAAP
YoY -1.5% -12.7% -11.1% +40.3% +40.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Feb - Apr, 2024 6,900 471 749 489 20.1 6.8 Jun 14, 2024 J-GAAP
May - Jul, 2024 7,593 822 849 568 23.3 10.8 Sep 13, 2024 J-GAAP
Aug - Oct, 2024 7,071 518 611 395 16.2 7.3 Dec 12, 2024 J-GAAP
Nov - Jan, 2024 6,873 516 605 305 12.5 7.5 Mar 14, 2025 J-GAAP
Feb - Apr, 2025 6,928 535 686 451 18.5 7.7 Jun 13, 2025 J-GAAP
YoY +0.4% +13.6% -8.4% -7.8% -7.8%

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