Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2023
(Based on Japanese GAAP)
October 27, 2023
Company name:
HAMAKYOREX CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9037
President

URL

https://www.hamakyorex.co.jp
Hidenori Osuka

Inquiries:
Executive officer
Scheduled date to file Quarterly Securities Report:

Yoshiyuki Takeuchi
November 10, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:

December 1, 2023
Yes

Holding of quarterly financial results meeting:

NoTEL

053(444)0054(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2023
Six months ended September 30, 2022

Millions of yen
67,36364,962

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
3.7
5,640
0.2
6,063
(0.4)
3,755
2.5
6.0
5,628
2.2
6,090
5.7
3,664
8.1

Earnings per share

Diluted earnings per share

Yen
200.00195.03Six months ended September 30, 2023
Six months ended September 30, 2022

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2023
As of March 31, 2023

Net assets

Millions of yen
151,151
143,038

Equity ratio

Millions of yen
91,45088,149

%
53.1
54.1

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
45.00
55.00

Yen–

Yen
50.00

Yen
95.00

–

55.00

110.00Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
139,000
5.4
12,1004.8
12,800
4.0
7,700
4.0
409.851

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

19,012,000 shares As of March 31, 2023

19,012,000 shares

Number of treasury shares at the end of the period
As of September 30, 2023

258,922 shares As of March 31, 2023

224,789 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023

18,779,674 shares Six months ended September 30, 2022

2

18,787,234 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
Merchandise
Supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netLand
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Reserve for loss on dissolution of employee's pension fund
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Reserve for loss on dissolution of employee's pension fund
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of September 30, 2023

25,23815,652
3137
4,513
(35)
45,50924,335
17,06255
137
5,106(42)46,654

32,63845,9849,121
87,7442,654
7,129
97,528143,038

33,15049,302
11,45393,906
2,965
7,625
104,497
151,151

7,371
17,031
2,339
1,351
49
8,452
36,595

7,744
17,671
2,152
1,475
49
10,09939,192

4,669
5,868
27
7,727
18,29254,888

6,920
6,046
6
7,535
20,50859,701

6,547
6,445
64,756(643)
77,105

6,547
6,445
67,573(783)
79,782266
7273
10,77088,149143,038442
19
461
11,20691,450151,151

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Six months ended
September 30, 2022
Operating revenue
Operating costs
Operating gross profit
Selling, general and administrative expenses
Provision of allowance for doubtful accounts
Remuneration for directors (and other officers)
Salaries and allowances
Provision for bonuses
Retirement benefit expenses
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Gain on sale of non-current assets
Subsidy income
Electricity sale income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Cost of electricity sales
Miscellaneous losses
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on bargain purchaseTotal extraordinary income
Extraordinary losses
Loss on transfer and closing of logistics center
Loss on valuation of shares of subsidiaries and associates
Settlement payments
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interestsOther comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

4

Six months ended
September 30, 2023

64,96257,313
7,649

67,36359,355
8,007

1427
456
66
33
1,035
2,021
5,628

1
442
521
78
13
1,309
2,366
5,640

0
4497
74
223
249
689

065
84
36227
232
647

71
110
452276,090

68
108
46
224
6,063

105
105

131
131

10
76
–
87
6,109
1,958
(13)
1,945
4,164

–
–
14
14
6,180
1,992
18
2,010
4,169

3,664
499

3,755
414

(24)
19
(5)
4,158

192
11
203
4,373

3,654
503

3,943
430