Consolidated Financial Results Highlights
for the Fiscal Year Ended March 31, 2015
[Japanese GAAP]May 11, 2015
Company Name: HARIMA CHEMICALS GROUP, INC.
Code Number: 4410
(URL: http://www.harima.co.jp)
Stock Exchange Listing: Tokyo Stock Exchange
Representative: Yoshihiro Hasegawa, President
Contact: Teruo Kaneshiro, Executive Director
Phone: +81-6-6201-2461
Scheduled date of Ordinary General Shareholders’ Meeting: June 25, 2015
Scheduled submission date of Securities Report: June 26, 2015
Scheduled date to commence dividend payments: June 26, 2015
Availability of supplementary briefing material on Financial Results: Available
Schedule of Financial Results briefing session: Not scheduled(Figures are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 2015 (From April 1, 2014 toMarch 31, 2015)(1) Consolidated Results of Operations(% indicates changes from the same period of the previous year)
Net sales

Operating income%10.0

Millions of yen
972

Ordinary income%
11.1

Net income%−FY Ended March 31, 2014
75,174
17.1
875
51.9
2,607
83.4
280
29.7(Note) Comprehensive income: FY Ended March 31, 2015: 1,823million yen [(25.9%)], FY Ended March 31, 2014: 2,461 million yen [(258.6%)]
FY Ended March 31, 2015

Millions of yen
82,691

Fully diluted net income
per share

Net income per share%(90.5)

Return on equity

Return on assets

YenYenFY Ended March 31, 2015

Millions of yen
248−(39.53)

Millions of yen(1,025)

Operatingprofit on sales

%%%

(3.4)

0.3

1.2

FY Ended March 31, 2014
10.80
4.0
1.2
1.0
−(Reference) Equity in net income of affiliated companies FY Ended March 31, 2015: 44 million yen, FY Ended March 31, 2015: 41 million yen(2) Consolidated Financial Position
Total assets
At March 31, 2015

Net assets

Equity ratio

Millions of yen

Millions of yen

75,25533,079Net assets per share%
41.3

Yen

1,196.97

At March 31, 2014
70,471
31,46542.2(Reference) Equity: FY Ended March 31, 2015: 31,059 million yen, FY Ended March 31, 2014: 29,714million yen

1,145.11(3) Consolidated Cash Flows
Cash flows from operating
activities

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalents
at Year endMillions of yen

Millions of yen

Millions of yen

Millions of yen

FY Ended March 31, 2015

350(3,707)

1,686

5,435

FY Ended March 31, 2014

1,567

(1.084)

1,915

6,630

2. Dividends

Yen

Yen

Millions of yen

FY Ended March 31, 2014

−

7.00

−

7.00

14.00

363

%
129.7

Dividend onequityratio(Consolidated)%
1.2

FY Ended March 31, 2015
FY Ending March 31,
2016(Forecast)

−

7.00

−

7.00

14.00

363

−

1.2

−

7.00

−

7.00

14.00

Annual dividend

1Q

2Q
Yen

3Q
Yen

Year end
Yen

1TotalDividend

Dividendpayout ratio(Total)(Consolidated)

45.4

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2016 (From April
1, 2015 to March 31, 2016)
Net sales
Millions of yen

2Q(cumulative)
Full year

44,00090,000(% indicates changes from the same period of the previous year)
Net income attributable
Net income
Ordinary income
to Harima Chemicals
per share
Group,INC.
Millions of yen
Millions of yen
Yen%%
950 228.8
350
13.49
−
2,000 704.7
800
30.80
−

Operating income%
7.3
8.8

Millions of yen

800
1,700%
0.5
74.7

4. Others(1) Significant changes of subsidiaries during period under review (affecting specific subsidiaries due tochanges in scope of consolidation): None
Newly included: 0 (Company name:) Excluded: 0 (Company name: )(2) Changes in accounting policies, changes in accounting estimates and corrections of errors(i) Changes in accounting policies accompanying the revisions to items such as accounting standards: Yes(ii) Changes in accounting policies other than (i) above: None(iii) Changes in accounting estimates: None(iv) Corrections of errors: None
(3) Number of shares issued (common stock)(i) Total number of shares issued at the end of the period (including treasury stock)
Fiscal Year Ended March 31, 2015

26,080,396 sharesFiscal Year Ended March 31, 2014

26,080,396 shares(ii) Total number of treasury stock at the end of the period
Fiscal Year Ended March 31, 2015
131,642 sharesFiscal Year Ended March 31, 2014

131,442 shares(iii) Average number of shares during the period
Fiscal Year Ended March 31, 2015

25,948,869 sharesFiscal Year Ended March 31, 2014

25,949,060 shares(Reference) Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2015 (From April 1,2014 to March 31, 2015)(1) Non-consolidated Results of Operations
Net sales(% indicates changes from the same period of the previous year)
Operating income

Ordinary income

FY Ended March 31, 2015

Millions of yen
2,337%(17.7)

Millions of yen
432%(47.5)

Millions of yen(599)

FY Ended March 31, 2014

2,840(82.4)

824(119.5)

2,301

Net income per share

Net income%−
55.9

Millions of yen(965)−%(1,595)−

Fully diluted net income
per share

YenYenFY Ended March 31, 2015(37.22)−FY Ended March 31, 2014

(61.50)−(2) Non-consolidated Financial Position
Total assets
At March 31, 2015

Net assets

Equity ratio

Millions of yen

Millions of yen

47,081

25,598

Net assets per share%
54.4

At March 31, 2014
45,483
26,34957.9(Reference) Equity: FY Ended March 31, 2015: 25,598 million yen, FY Ended March 31, 2014: 26,349 million yen

2Yen

986.51
1,015.43

* Statement relating to the execution status for audit procedures:This summary of consolidated financial results falls outside the scope of audit procedures based on theJapanese Financial Instruments and Exchange Law. Therefore, the audit procedures for financial statements
based on the Law have not been completed at the time this financial summary was disclosed.
* Explanation for the appropriate use of performance forecasts and other special notes:
The performance forecasts and other forward-looking statements herein are based on information currently
available to the Company and certain preconditions which the Company believes to be reasonable. Actual
results may differ significantly from these forecasts due to a wide range of factors.

3Segment InformationI.

For the previous fiscal year (April 1, 2013 to March 31, 2014)

Information regarding net sales and income or loss by reporting segment(Thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics
Materials

21,227,654

14,832,929

5,230,785

32,236,112

73,527,481

218,450

627,822−

224,815

1,071,088

Total

21,446,105

15,460,751

5,230,785

32,460,927

74,598,570

Segment income(loss)

643,973

739,442

410,818(505,071)

1,289,163

Depreciation

666,533

603,599

155,181534,344

1,959,659

Amortization of goodwill

7,232

−

−

125,823

133,056(41,835)

209(14,362)(20,747)(76,735)

−

−

−

−

−

Total

Adjustment(Note 2)

Amount in consolidated
statement of income(Note 3)

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

Interest income andinterest expenses
Equity in income ofaffiliated companies

Others(Note 1)
Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,642,207

75,169,689

4,831

75,174,520

131,088

1,202,176(1,202,176)

−

Total

1,773,296

76,371,866(1,197,345)

74,174,520

Segment income(loss)

16,3281,305,491(429,818)

875,672

Depreciation

189,667

2,149,327−

2,149,327

Amortization of goodwill

1,142

134,199−

134,199(17,675)(94,411)(191,365)(285,776)−−

41,45741,457

Interest income andinterest expenses
Equity in income ofaffiliated companies(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.
2. The adjustment amount of segment income includes the adjustment of inventories 322,872 thousand
yen and company-wide expenses (804,611) thousand yen, etc. that are not attributable to reportablesegment.
3. Segment income is adjusted to reflect operating income as recorded in the consolidated statementof income.
4. Assets are not allocated into reportable segments how to determine the allocation of management
resources and how to assess performance of the Company.

4II. For the current fiscal year (April 1, 2014 to March 31, 2015)(Thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics
Materials

22,077,112

17,150,143

5,278,803

36,730,521

81,236,581

193,044585,896−

207,981986,922

Total

22,270,157

17,736,039

5,278,803

36,938,503

82,223,503

Segment income(loss)

1,166,791

1,285,413

441,819(1,202,397)

1,691,627

Depreciation

604,686

496,779

147,201

924,781

2,173,449−−−

86,191

86,191(54,278)(137)(8,368)(28,174)(90,960)

−

−

−

−

−

Total

Adjustment(Note 2)

Amount in consolidated
statement of income(Note 3)

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

Amortization of goodwill
Interest income andinterest expenses
Equity in income ofaffiliated companies

Others(Note 1)
Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,525,729

82,762,310(70,597)

82,691,713

164,771

1,151,694(1,151,694)

−

Total

1,690,501

83,914,005(1,222,291)

82,691,713

Segment income (loss)

116,956

1,808,584(835,739)

972,845

Depreciation

166,506

2,339,955−

2,339,955

Amortization of goodwill

1,142

87,333−87,333(16,712)(107,672)(206,305)(313,978)−−44,92944,929Interest income andinterest expenses
Equity in income ofaffiliated companies(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.
2. The adjustment amount of segment income includes the adjustment of inventories 19,042 thousand
yen and company-wide expenses (905,945) thousand yen, etc. that are not attributable to reportablesegment.
3. Segment income is adjusted to reflect operating income as recorded in the consolidated statementof income.
4. Assets are not allocated into reportable segments how to determine the allocation of management
resources and how to assess performance of the Company.

5* Information about the changes in the reporting segment
From the first quarter ended June 30, 2014, our group has changed the management index from ordinary
income to operating income. For this reason, segment income is adjusted to reflect operating income asrecorded in the quarterly consolidated statement of income.
We changed our management index for two reasons below. First, operating income can show the profitabilityof the main business better and exclude the exchange profits and losses which cannot be controlled by thesegments. Second, with overseas operations expanding, we have to find a better unified index to evaluate theoverseas subsidiaries in global environment.
In addition, the segment information about the previous fiscal year ended March 31, 2014 above has beenchanged based on the operating income.

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