Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

August 8, 2024

Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

HIRATA Corporation
Tokyo Stock Exchange, Prime Market
6258
https://www.hirata.co.jp/en/
Yuichiro Hirata, Representative Director, President
Hideki Ninomiya, Director, Executive Officer
Division Director, Administration Division
Telephone:+81-96-272-5558
Scheduled date to commence dividend payments:–
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes (for securities analysts, institutional
investors, and the press)(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30,2024)(1) Consolidated operating results (cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2024

20,3686.3

1,214(19.3)

1,279(19.0)

722(34.6)

June 30, 2023

19,155

14.4

1,503

48.6

1,580

37.1

1,105

35.3

Note: Comprehensive income

For the three months ended June 30, 2024:
For the three months ended June 30, 2023:

Basic earnings
per share
Three months ended¥1,019 million¥1,266 million[(19.5)%][7.0%]

Diluted earnings
per share
Yen

Yen

June 30, 2024

69.57

–

June 30, 2023

106.48–

Note: The amount of diluted earnings per share is not provided because there are no potential shares.

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen

June 30, 2024

134,622

65,276

48.3

March 31, 2024

130,787

65,302

49.7

Reference:

EquityAs of June 30, 2024:
As of March 31, 2024:¥65,023 million¥65,027 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2024–

Fiscal year ending
March 31, 2025–

Fiscal year ending
March 31, 2025
(Forecast)Fiscal year-end

Total

Yen

Yen

0.00

–

100.00100.000.00–

120.00120.00Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2025 (from April 1, 2024 to March
31, 2025)(Percentages indicate year-on-year changes.)
Net sales
Millions ofyen

Fiscal year ending
March 31, 2025

100,000

Operating profit%

20.7

Profit attributable toowners of parent

Ordinary profit

Millions ofyen%Millions ofyen%Millions of
yen

7,500

24.0

7,300

16.6

4,700

Note: Revisions to the earnings forecasts most recently announced: None%

8.2

Basic earnings per
share
Yen

452.53

* Notes(1) Significant changes in the scope of consolidation during the period: None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: Yes(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
Note: For details, please refer to “(3) Notes on quarterly consolidated financial statements (Notes on changes in accounting
policies)” in “2. Quarterly consolidated financial statements and major notes” on page 8 of the Attached Materials.

(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

10,756,090 shares

As of March 31, 2024

10,756,090 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2024

369,003 shares

As of March 31, 2024

369,003 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

10,387,087 shares

Three months ended June 30, 2023

10,384,238 shares

Note: Treasury shares at the end of period includes the number of the Company’s shares held by the trust account of the stock
delivery trust for officers (60,100 shares as of March 31, 2024 and June 30, 2024).

* Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified
public accountants or an audit corporation: Yes (voluntary)* Proper use of earnings forecasts, and other special matters(Notes on forward-looking statements)
Forward-looking statements in this material, including earnings forecasts, are based on information currently
available to the Company and on certain assumptions deemed reasonable. Actual results may differ significantly
due to various factors. For the assumptions underlying the forecast, please refer to “(3) Explanation of futureforecast information such as consolidated financial results forecasts” in “1. Overview of the operating results”
on page 3 of the Attached Materials.
(Access to presentation materials and contents of the financial results briefing)
The Company will hold a financial results briefing for securities analysts, institutional investors, and the press
on Friday, August 9, 2024.
The presentation materials of the financial results briefing will be posted on the Company’s website.

Table of Contents of the Attached Materials
Index
1. Overview of the operating results ............................................................................................................. 2(1) Overview of the operating results for the period under review .......................................................... 2(2) Overview of the financial position for the period under review ......................................................... 3(3) Explanation of future forecast information such as consolidated financial results forecasts ............. 3
2. Quarterly consolidated financial statements and major notes ................................................................... 4(1) Quarterly consolidated balance sheet ................................................................................................. 4(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive
income ................................................................................................................................................ 6(Quarterly consolidated statement of income) (cumulative) .............................................................. 6(Quarterly consolidated statement of comprehensive income) (cumulative) ..................................... 7(3) Notes on quarterly consolidated financial statements ........................................................................ 8(Notes on changes in accounting policies) ......................................................................................... 8(Notes on segment information, etc.) ................................................................................................. 9(Notes when there is a significant change in the amount of shareholders’ equity) ........................... 11(Notes on going concern assumption) .............................................................................................. 11(Notes on quarterly consolidated statement of cash flows) .............................................................. 11
3. Supplementary Information .................................................................................................................... 12
Status of production, orders received, and sales ..................................................................................... 12-1-

1. Overview of the operating results(1) Overview of the operating results for the period under review
During the three-month period, the overall sense of uncertainty over the future of the economic
situation surrounding the Group continued due to increasing geopolitical risks from the prolonged
situation in Russia and Ukraine and rising tensions in the Middle East, the surge in resource and energy
prices, worldwide monetary tightening policies, and the ongoing depreciation of the yen. In the U.S.,
personal consumption and capital investment remained firm against the backdrop of favorable
employment and income conditions. In Europe, business confidence generally improved, as personal
consumption picked up due to easing inflationary pressures and exports showed signs of recovery. In
China, the economy continued to slow down due to cooling personal consumption and a sluggish realestate market. In Japan, while personal consumption showed signs of weakness, capital investment
remained firm against the backdrop of favorable corporate earnings.
In this business environment, the Group has set forth four basic policies of “Business expansion in
growth markets,” “Strengthening competitiveness as a global company,” “Strengthening ESG
management initiatives,” and “Realization of management in line with the new normal era” in its MidTerm Management Plan (FY2022-FY2024), which will conclude at the end of the current fiscal year. In“Business expansion in growth markets,” we are working to develop and improve facilities that are
expected to be effective in mass production, establish standard modules, and improve production
capacity through the promotion of digital transformation (DX) in order to sustainably increase earnings.
In “Strengthening competitiveness as a global company,” we are striving to reduce transportation costs,
shorten lead times, and avoid trade risks through local production for local consumption bystrengthening cooperation and collaboration with our overseas affiliates. In “Strengthening ESG
management initiatives,” we are promoting the Group’s sustainability activities as company-wide
initiatives while linking them to our medium- to long-term management strategies. In “Realization ofmanagement in line with the new normal era,” we are promoting the use of emulators and theintroduction of new information systems, aiming to realize the improvement of operational efficiency,
the optimization of production methods, and the enhancement of quality.
During the three-month period, net sales increased from the same period of the previous fiscal year due
to firm sales of electric vehicle (EV) related production equipment and an increase in sales of internal
combustion engine related production equipment in the automobile-related business, despite sluggish
orders in the semiconductor-related business. Profits decreased from the same period of the previous
fiscal year due to a decrease in sales in the semiconductor-related business with high profit margins. As
a result, net sales for the three-month period were ¥20,368 million (up 6.3% year on year), operating
profit was ¥1,214 million (down 19.3% year on year), ordinary profit was ¥1,279 million (down 19.0%
year on year), and profit attributable to owners of parent was ¥722 million (down 34.6% year on year).
Segment information is as follows.
(i) Automobile-related businessIn the automobile-related business, while growth of demand in the EV market slowed down, salesof EV-related production equipment generally remained firm as the Group received orders forcharging and discharging-related equipment for battery on a continuing basis from the previous
fiscal year. Sales of internal combustion engine related production equipment, such as engine
assembly equipment, also increased from the same period of the previous fiscal year. On the other
hand, profits decreased from the same period of the previous fiscal year due to the deterioration of
the cost of sales ratio in some projects. As a result, net sales were ¥9,824 million (up 21.6% year onyear), and operating profit was ¥476 million (down 4.5% year on year).

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(ii) Semiconductor-related businessIn the semiconductor-related business, while sales of silicon wafer transfer equipment remained
firm amid recovering demand for semiconductors mainly due to the spread of generative AI(artificial intelligence), sales of substrate transfer equipment were sluggish due to the impact ofcustomers’ postponement of their capital investment plans. As a result, net sales were ¥7,055
million (down 9.2% year on year), and operating profit was ¥920 million (down 16.1% year onyear).
(iii) Other automatic labor-saving equipment
In other automatic labor-saving equipment, both sales and profits remained sluggish due to thepostponement of capital investment in the business related to flat panel displays (FPDs) goods andhome appliance. As a result, net sales were ¥2,932 million (up 4.3% year on year), and operating
loss was ¥155 million (operating loss of ¥70 million for the same period of the previous fiscal
year).
(2) Overview of the financial position for the period under review(Assets)
Total assets at the end of the first quarter of the current fiscal year increased ¥3,834 million from theend of the previous fiscal year to ¥134,622 million. The main breakdown was an increase of ¥5,589
million in trade receivables (notes and accounts receivable - trade, and contract assets, andelectronically recorded monetary claims - operating), and a decrease of ¥1,728 million in cash anddeposits.
(Liabilities)
Liabilities increased ¥3,860 million from the end of the previous fiscal year to ¥69,346 million. The
main breakdown was an increase of ¥7,642 million in debt with interest (short-term borrowings andlong-term borrowings) due to increased demand for funds in response to rising capital investment andproduction, a decrease of ¥1,123 million in accrued expenses, and a decrease of ¥1,096 million in trade
payables (notes and accounts payable - trade and electronically recorded obligations - operating).
(Net assets)
Net assets decreased ¥25 million from the end of the previous fiscal year to ¥65,276 million. The main
breakdown was an increase of ¥512 million in foreign currency translation adjustment due to theimpact of the depreciation of the yen, a decrease of ¥322 million in retained earnings due to therecording of ¥722 million in profit attributable to owners of parent and ¥1,044 million in dividends
paid. As a result, the equity-to-asset ratio fell to 48.3% from 49.7% at the end of the previous fiscal
year.
(3) Explanation of future forecast information such as consolidated financial results forecasts
There is no change to the earnings forecasts for the fiscal year ending March 31, 2025, disclosed on
May 10, 2024.

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2. Quarterly consolidated financial statements and major notes(1) Quarterly consolidated balance sheet(Thousands of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Leasehold interests in land
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Distressed receivables
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-4-

As of June 30, 2024

10,652,754

8,924,687

52,159,944

53,319,443

7,344,709
14,264,910
4,143,135(11,402)88,554,052

11,774,267
14,638,976
3,728,894(9,488)92,376,780

13,174,290
2,803,700
1,277,267
9,890,059
292,393
27,437,711

13,102,253
2,697,601
1,226,538
9,929,997
272,862
27,229,252

25,781
422,425
456,657
904,864

25,781
395,069
612,355
1,033,206

2,731,411
1,077
9,653,995
213,108
1,733,926(442,219)
13,891,299
42,233,874
130,787,926

2,597,091
1,109
9,920,245
211,184
1,695,948(442,108)
13,983,470
42,245,929
134,622,709

(Thousands of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)
Deferred tax liabilities
Deferred tax liabilities for land revaluation
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
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-5-

As of June 30, 2024

5,200,295
4,716,702
17,861,284
9,692,490
1,600,005
3,585,595
977,488
3,457,853
160,848

4,529,235
4,291,645
18,742,804
11,478,846
588,165
2,461,808
222,251
3,364,166
132,202124,667–

482,358
120,137
1,884,681
49,864,410

517,482
126,115
2,067,321
48,522,045

9,477,093

14,452,015

175,996

196,257

1,971,065
2,023,008
1,973,964
15,621,128
65,485,538

2,266,619
2,023,008
1,886,096
20,823,996
69,346,041

2,633,962
14,319,556
40,785,521(2,411,289)
55,327,751

2,633,962
14,319,556
40,463,374(2,411,289)
55,005,604

1,235,771(196,412)
4,500,520
2,208,403
1,951,951
9,700,233
274,40265,302,388
130,787,926

1,142,400(261,443)
4,500,520
2,720,666
1,916,247
10,018,391
252,671
65,276,668
134,622,709

(2) Quarterly consolidated statement of income and quarterly consolidated statement ofcomprehensive income(Quarterly consolidated statement of income) (cumulative)(Thousands of yen)Three months ended
June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Rental income
Gain on sale of scrap metal
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Insurance claim income
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent-6-

Three months ended
June 30, 2024

19,155,239
15,014,977
4,140,261
2,636,374
1,503,886

20,368,417
16,388,381
3,980,035
2,765,749
1,214,286

11,793
1,184
38,541
34,851
7,761
11,986106,118

4,858
1,209
46,63637,395
7,356
16,599114,056

26,9752,894
29,8691,580,135

44,802
3,884
48,687
1,279,655

1,019
15,364–
16,384

3,396–
20,701
24,098106135
242
1,596,278
509,525
1,086,752(18,972)
1,105,725

7,701
–
7,701
1,296,051
594,799
701,252(21,398)
722,650

(Quarterly consolidated statement of comprehensive income) (cumulative)(Thousands of yen)Three months ended
June 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
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-controllinginterests-7-

Three months ended
June 30, 2024

1,086,752

701,252

359,378(314,834)
132,081
3,105
179,731
1,266,483(93,371)(65,030)
512,422(36,194)
317,825
1,019,077

1,282,830

1,040,808(16,346)(21,730)

(3) Notes on quarterly consolidated financial statements(Notes on changes in accounting policies)(Application of “Accounting Standard for Current Income Taxes” and other relevant ASBJ regulations)
The Company has applied the “Accounting Standard for Current Income Taxes” (Accounting Standards
Board of Japan (ASBJ) Statement No. 27, October 28, 2022; the “Revised Accounting Standard of2022”) and other relevant ASBJ regulations from the beginning of the first quarter of the current fiscal
year.
Revisions to categories for recording current income taxes (taxation on other comprehensive income)conform to the transitional treatment in the proviso of paragraph 20-3 of the Revised AccountingStandard of 2022 and the transitional treatment in the proviso of paragraph 65-2 (2) of the “Guidanceon Accounting Standard for Tax Effect Accounting” (ASBJ Guidance No. 28, October 28, 2022). Thischange in accounting policies has no impact on the quarterly consolidated financial statements.

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(Notes on segment information, etc.)
I Three months ended June 30, 2023
1. Information on the amount of net sales and profit or loss by reportable segment andinformation on the decomposition of revenue(Thousands of yen)
Reportable segments
Automobilerelated
business

Semiconductorrelated business

Other
automaticlabor-saving
equipment

Total

Others(Note)

Total

106,9936,379,161

1,149,593

7,635,748

466,390

8,102,138

7,972,278

1,386,748

1,662,404

11,021,431

26,608

11,048,040

Revenue fromcontracts withcustomers

8,079,271

7,765,909

2,811,998

18,657,180

492,998

19,150,179

Other revenue

–

–

–

–

5,060

5,060

8,079,271

7,765,909

2,811,998

18,657,180

498,058

19,155,239

–

–

–

–

129

129

Net sales
Goods or services
transferred at a point
in timeGoods or services
transferred over time

Sales to externalcustomers
Intersegment sales andtransfers

Total
8,079,271
7,765,909
2,811,998
18,657,180
498,188
19,155,368
Segment profit (loss)
498,573
1,096,945(70,335)
1,525,184(22,437)
1,502,746
Note: The “Others” classification is a segment that is not included in reportable segments and includes the solar power
generation related operations and the point and customer management system related operations of the Company’s
subsidiary.

2. Difference between the total amount of profit or loss of reportable segments and the amountrecorded in the quarterly consolidated statement of income, and the main details of thedifference (matters concerning variance adjustment)(Thousands of yen)AmountProfitReportable segment total

1,525,184

Profit of the “Others” classification(22,437)

Elimination of intersegment transactions

1,140

Operating profit in the quarterly consolidated statementof income-9-

1,503,886

II Three months ended June 30, 2024
1. Information on the amount of net sales and profit or loss by reportable segment andinformation on the decomposition of revenue(Thousands of yen)
Reportable segments
Automobilerelated
business

Semiconductorrelated business

Other
automaticlabor-saving
equipment

Total

Others(Note)

Total

839,804

6,335,618

1,311,431

8,486,854

480,279

8,967,133

8,985,066

719,570

1,620,642

11,325,279

71,173

11,396,453

Revenue fromcontracts withcustomers

9,824,871

7,055,188

2,932,073

19,812,133

551,453

20,363,587

Other revenue

–

–

–

–

4,830

4,830

9,824,871

7,055,188

2,932,073

19,812,133

556,283

20,368,417

–

–

–

–

137

137

Net sales
Goods or services
transferred at a point
in timeGoods or services
transferred over time

Sales to externalcustomers
Intersegment sales andtransfers

Total
9,824,871
7,055,188
2,932,073
19,812,133
556,420
20,368,554
Segment profit (loss)
476,343
920,589(155,667)
1,241,265(28,119)
1,213,146
Note: The “Others” classification is a segment that is not included in reportable segments and includes the solar power
generation related operations and the point and customer management system related operations of the Company’s
subsidiary.

2. Difference between the total amount of profit or loss of reportable segments and the amountrecorded in the quarterly consolidated statement of income, and the main details of thedifference (matters concerning variance adjustment)(Thousands of yen)AmountProfitReportable segment total

1,241,265

Profit of the “Others” classification(28,119)

Elimination of intersegment transactions

1,140

Operating profit in the quarterly consolidated statementof income- 10 -

1,214,286

(Notes when there is a significant change in the amount of shareholders’ equity)
Not applicable.
(Notes on going concern assumption)
Not applicable.
(Notes on quarterly consolidated statement of cash flows)
Quarterly consolidated statement of cash flows has not been prepared for the three months ended
June 30, 2024. Depreciation for the three months ended June 30, 2023 and 2024 is as follows.
(Thousands of yen)Three months ended June 30, Three months ended June 30,
2023
2024
Depreciation

399,402- 11 -

480,062

3. Supplementary Information
Status of production, orders received, and sales(1) Production results
The table below shows production results by segment in the three-month period.
Name of segment

Three months ended June 30, 2024
(Thousands of yen)

Year-on-year (%)

Automobile-related business

10,119,524

123.6

Semiconductor-related business

7,623,120

96.8

Other automatic labor-saving
equipment

2,920,844

95.6

486,868

96.1

21,150,357

107.8

OthersTotal

Note: Amounts are based on selling prices and manufacturing costs before intersegment transfers.

(2) Orders received
The table below shows orders received by segment in the three-month period.
Name of segment

Orders received(Thousands ofyen)

Automobile-related business

12,307,229

99.6

41,632,654

115.9

Semiconductor-related business

4,828,450

52.3

17,243,591

74.3

Other automatic labor-saving
equipment

2,176,955

90.5

5,540,18372.7

580,01499.7

512,51376.2

19,892,650

81.0

64,928,942

96.3

OthersTotal

Year-on-year (%)

Order backlog(Thousands ofyen)Year-on-year (%)

Note: Amounts are based on selling prices.

(3) Sales results
The table below shows sales results by segment in the three-month period.
Name of segment

Three months ended June 30, 2024
(Thousands of yen)

Year-on-year (%)

Automobile-related business

9,824,871

121.6

Semiconductor-related business

7,055,188

90.8

Other automatic labor-saving
equipment

2,932,073

104.3

556,283111.7

20,368,417

106.3

OthersTotal

Note: Intersegment transactions are offset and eliminated.

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