Consolidated Financial Results Highlights
for the Second Quarter of the Fiscal Year ending March 31, 2015
[Japanese GAAP]
October 31, 2014
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 submission date of the Quarterly Securities Report: November 7, 2014
Scheduled date to commence dividend payments: December 5, 2014
Availability of supplementary briefing material on quarterly results: Available
Schedule of quarterly results briefing session: Not scheduled(Figures are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Second Quarter of the Year Ending March 31, 2015
(From April 1, 2014 to September 30, 2014)(1) Consolidated Results of Operations (Cumulative)(% indicates changes from the same period of the previous year)
Net sales

Operating income

Ordinary income

Net income

Second Quarter ended
Millions of yen% Millions of yen% Millions of yen%
September 30, 2014
40,99013.8795
143.1288(63.8)
September 30, 2013
36,0309.5327(26.2)
798(Note) Comprehensive income: Second quarter ended September 30, 2014: (713) million yen [ -% ],Second quarter ended September 30, 2013: 1,498 million yen [396.3%]%-Fully diluted net income
per share

Net income per share
Second Quarter ended
September 30, 2014
September 30, 2013

Millions of yen
(214)
(198)

Yen

Yen

−−(8.25)(7.67)(2) Consolidated Financial Position
Total assets

Net assets

Millions of yen

Equity ratio%

Millions of yen

Second Quarter ended
30,72770,451
September 30, 2014
Fiscal year ended
70,471
31,465
March 31, 2014
(Reference) Equity: The second quarter of Fiscal year ended March 31, 2015: 29,013million yen,Fiscal year ended March 31, 2014: 29,714million yen

41.2
42.2

2. Dividends
Annual dividend
1Q

2Q
Yen

3Q
Yen

Year end
Yen

Fiscal year ended
7.00−−
March 31, 2014
Fiscal year ending
7.00
March 31, 2015−
Fiscal year ending
March 31, 2015−
(Forecast)(Note) Changes in forecasts of dividends from recently announced figures: None

1TotalYen

Yen

7.00

14.00

7.00

14.00

3. Forecast of Consolidated Financial Results for Fiscal Year Ending March 31, 2015 (From April 1,2014 to March 31, 2015)(% indicates changes from the same period of the previous year)
Net income
Net sales
Operating income
Ordinary income
Net income
per share
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen%%%%
Full year
83,500 11.1
1,300
48.5
1,150 (55.9)(350)(13.49)(Note) Changes in forecasts of financial results from recently announced figures: Availabale

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) Application of special accounting method for the preparation of quarterly consolidated financial
statements: None
(3) Changes in accounting policies, changes in accounting estimates and corrections of errors(1) Changes in accounting policies accompanying the revisions to items such as accounting standards:Yes(2) Changes in accounting policies other than (1) above: None
(3) Changes in accounting estimates: None
(4) Corrections of errors: None
(4) Number of shares issued (common stock)(1) Total number of shares issued at the end of the period (including treasury stock)
2Q of fiscal year ending March 31, 2015
26,080,396 sharesFiscal year ended March 31, 2014
26,080,396 shares(2) Total number of treasury stock at the end of the period
2Q of fiscal year ending March 31, 2015
131,542 sharesFiscal year ended March 31, 2014

131,442 shares(3) Average number of shares during the period (cumulative from the beginning of the fiscal year)
2Q of fiscal year ending March 31, 2015
25,948,918 shares
2Q of fiscal year ended March 31, 2014

25,949,121 shares* Presentation regarding the implementation status of the quarterly review:
This summary of consolidated financial results is not subject to the quarterly review procedures provided forby the Japanese Financial Instruments and Exchange Law. Therefore, at the time of the disclosure of thesefinancial results, the quarterly financial statement review procedures based on the Law have not been
completed.
* 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. Actualresults may differ significantly from these forecasts due to a wide range of factors.

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Segment InformationI.

Six months ended September 30, 2013 (April 1, 2013 to September 30, 2013)

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

Paper Chemicals

Electronics
Materials

10,180,529

7,197,961

2,533,422

15,232,75135,144,665

109,494

348,592−

125,024

583,111

Total

10,290,023

7,546,554

2,533,422

15,357,776

35,727,776

Segment income (loss)

198,370

260,480

183,437(202,257)

440,031

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

Others(Note 1)

Amount in consolidated
statement of income(Note 3)Adjustment(Note 2)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

885,901

36,030,567(11)

36,030,555

66,009649,120(649,120)

−

Total

951,91136,679,687(649,132)

36,030,555

Segment income (loss)

17,887457,919(130,641)

327,2773

II. Six months ended September 30, 2014 (April 1, 2014 to September 30, 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

11,095,977

7,950,310

2,597,404

18,592,395

40,236,087

93,663

330,299−

94,475

518,437

Total

11,189,640

8,280,610

2,597,404

18,686,870

40,754,525

Segment income (loss)

656,565

482,345

215,544(261,921)

1,092,534

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

Others(Note 1)

Adjustment(Note 2)

Total

Amount in consolidated
statement of income(Note 3)

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

777,90941,013,997(23,491)

40,990,505

83,574602,012(602,012)

−

Total

861,484

41,616,009(625,503)

40,990,505

Segment income (loss)

75,097

1,167,631(371,940)

795,690(Notes) 1.The “Others” segment includes businesses not included in the reporting segments and mainly
includes “Real estate management.”
2. The adjustment amount of segment income includes adjustments for inventories.
3. Segment income is adjusted to reflect operating income as recorded in the quarterly consolidated
statement of income.
Ⅲ. 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 theprofitability of the main business better and exclude the exchange profits and losses which cannot becontrolled by the segments. Second, with overseas operations expanding, we have to find a better unified
index to evaluate the overseas subsidiaries in global environment.
In addition, the segment information about the second quarter ended September 30, 2013 above has beenchanged based on the operating income.

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