Presentation of Financial Results

Fiscal Year Ended October 31, 2022

OHARA INC. (Code: 5218)

Dec.15th.2022

    • Overview of FY2022
  • Main Points of Results
  • Summary of Results
  • Optical Business
  • Electronics Business
  • Factors for Changes in Operating Income/Loss
  • Statement of Cash Flows

CONTENTS

2 Outlook for FY2023

• Summary of Results/Forecasts

• Key Points in the Optical Business Forecast

• Forecasts for the Optical Business

• Key Points in the Electronics Business Forecast

• Forecasts for the Electronics Business

• Capital Expenditure, Depreciation, and RD expenses

• Progress of Medium-Term Management Plan

• Topics

2

Overview of FY2022

Main Points of Results

Net sales and operating profit increased, reflecting a rise in sales of glass for the digital camera and semiconductor markets.

The semiconductor market continues in a strong demand environment.

External environment

Company business results

■In the digital camera market, interchangeable lenses for mirrorless cameras remained firm.

■In the exposure device market, FPD exposure devices remained flat, but semiconductor exposure devices remained firm.

■Demand for optical glass produced and sold by the Group also recovered significantly against the backdrop of the weakened impact of COVID-19 and the resumption of economic activity in each country.

■Net sales increased, reflecting rising demand for optical glass for digital cameras and that for high homogeneity optical glass for semiconductor exposure devices, as well as the impact of the deprecation of the yen.

■Operating profitability improved due to a rise in sales of high value-added products and the continued high operation rate of production facilities, despite the impact of surging raw material and energy prices.

1_Overview of FY2022

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4

Summary of Results

Million yen, %

FY2021

FY2022

Change

Net Sales

23,521

28,304

4,782

20.3%

Operating

1,368

2,976

1,608

Income

[Operating

5.8%

10.5%

117.6%

income ratio]

Ordinary

1,733

3,665

1,932

Income

[Ordinary income

7.4%

13.0%

111.5%

ratio]

Net Income

1,460

2,116

655

(attributable to owners

of parent)

[Net income

6.2%

7.5%

44.9%

ratio]

Exchange Rate

Average for

Average for

the period

the period

Yen/USD

108.22

127.39

Yen/euro

129.15

135.64

Breakdown of net sales

Million yen

Pressed optical glass products

Block optical glass products

Special glass and glass-ceramics

Quartz glass

8,000

6,886

7,370

7,343

6,497

6,486

6,703

6,000

5,675

4,862

3,265

3,320

3,032

2,971

3,235

3,235

2,553

4,000

2,314

1,097

1,031

1,002

739

912

777

721

2,000

631

1,440

1,581

1,421

1,481

1,598

1,677

1,891

1,030

0

886

960

1,204

1,052

1,074

1,252

1,328

1,100

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2021

FY2022

Breakdown of operating income

Million yen

1,500

Optical Business

Electronics Business

Total

923

1,000

706

748

747

556

426

214

377

255

500

417

280

259

4

116

289

257

493

296

497

533

50

163

119

0

(45)

(500)

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2021

FY2022

1_Overview of FY2022

Copyright© 2022 OHARA INC. All Rights Reserved.

5

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OHARA Inc. published this content on 28 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 December 2022 11:19:03 UTC.