Consolidated Financial Results Highlights
for the Fiscal Year Ended March 31, 2014
[Japanese GAAP]May 12, 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 date of Ordinary General Shareholders’ Meeting: June 26, 2014
Scheduled submission date of Securities Report: June 27, 2014
Scheduled date to commence dividend payments: June 27, 2014
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 2014 (From April 1, 2013 toMarch 31, 2014)(1) Consolidated Results of Operations(% indicates changes from the same period of the previous year)
Net sales
FY Ended March 31, 2014

Operating income

Millions of yen
75,174%
17.1

Millions of yen
875

Ordinary income%
51.9

Millions of yen
2,607

Net income%
83.4

Millions of yen
280

%
29.7

FY Ended March 31, 201364,203(10.3)
576(81.5)
1,421(34.2)
216(78.6)(Note) Comprehensive income: FY Ended March 31, 2014: 2,461million yen [258.6%], FY Ended March 31, 2013: 686 million yen [(11.2%)]
Fully diluted net income
per share

Net income per shareYen

FY Ended March 31, 2014

Return on equity

Yen－

10.80

Return on assets

Operatingprofit on sales

%%%

1.0

4.0

1.2

FY Ended March 31, 2013
8.33
0.8
2.3
0.9
－
(Reference) Equity in net income of affiliated companies FY Ended March 31, 2014: 41 million yen, FY Ended March 31, 2013: 22 million yen(2) Consolidated Financial Position
Total assets
At March 31, 2014

Net assets

Equity ratio

Millions of yen

Millions of yen

70,471

31,465

Net assets per share%
42.2

Yen

1,145.11

At March 31, 2013
61,35529,822
46.5(Reference) Equity: FY Ended March 31, 2014: 29,714 million yen, FY Ended March 31, 2013: 28,510 million yen

1,098.70(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, 2014

1,567

(1,084)

1,915

6,630

FY Ended March 31, 2013

3,234

(2,171)(3,116)3,470

2. Dividends

Yen

Yen

Millions of yen

FY Ended March 31, 2013

－

7.00

－

7.00

14.00

363

%
168.1

Dividend onequityratio(Consolidated)%
1.3

FY Ended March 31, 2014
FY Ending March 31,
2015(Forecast)

－

7.00

－

7.00

14.00

363

129.7

1.2

－

7.00

－

7.00

14.00

Annual dividend

1Q

2Q
Yen

3Q
Yen

Year end
Yen

1

Total

Dividend

Dividendpayout ratio(Total)(Consolidated)

36.3

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2015 (From April
1, 2014 to March 31, 2015)
Net sales
Millions of yen

2Q(cumulative)
Full year

40,00082,500(% indicates changes from the same period of the previous year)
Net income
Ordinary income
Net income
per share
Millions of yen
Millions of yen
Yen%%
900
12.6
400
15.41
－
2,200 (15.6)
1,000 256.9
38.54

Operating income%
11.0
9.7

Millions of yen

900
2,200%
175.0
151.2

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, 2014

26,080,396 sharesFiscal Year Ended March 31, 2013

26,080,396 shares(ii) Total number of treasury stock at the end of the period
Fiscal Year Ended March 31, 2014
131,442 sharesFiscal Year Ended March 31, 2013131,247 shares(iii) Average number of shares during the period
Fiscal Year Ended March 31, 2014

25,949,060 sharesFiscal Year Ended March 31, 2013

25,949,198 shares(Reference) Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2014 (From April 1,2013 to March 31, 2014)(1) Non-consolidated Results of Operations
Net sales(% indicates changes from the same period of the previous year)
Operating income

Ordinary income

Net income

FY Ended March 31, 2014

Millions of yen
2,840%(82.4)

Millions of yen
824%
119.5

Millions of yen
2,301%
55.9

Millions of yen(1,595)FY Ended March 31, 201316,113(49.1)

375(69.1)

1,475

3.3834

Net income per share%－(19.2)

Fully diluted net income
per shareYenYen

FY Ended March 31, 2014

(61.50)－FY Ended March 31, 2013

32.16－(2) Non-consolidated Financial Position
Total assets
At March 31, 2014

Net assets

Equity ratio

Millions of yen

Millions of yen

45,483

26,349Net assets per share%
57.9

At March 31, 2013
44,18027,921
63.2(Reference) Equity: FY Ended March 31, 2014: 26,349 million yen, FY Ended March 31, 2013: 27,921 million yen

2Yen

1,015.43
1,076.02

* 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:
Harima Chemicals Group, Inc. (this company) became a holding company from October, 2012. And the nonconsolidated results of operations above for the FY ended March 31,2013 are calculated based on the nonconsolidated results of operations of Harima Chemicals, Inc. for the first half FY ended March 31, 2013.
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, 2012 to March 31, 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

20,543,289

12,419,303

4,366,583

25,296,566

62,625,742

276,601

571,086200

246,006

1,093,894

Total

20,819,891

12,990,389

4,366,783

25,542,572

63,719,637

Segment income(loss)

172,448

816,994

155,254(876,692)

268,004

Depreciation

687,141

550,941

187,824

489,037

1,914,945－－－

87,74887,748(48,888)(16,516)(14,724)(18,474)(98,603)

－－－－－

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

1,597,206

64,222,949(19,940)

64,203,008

148,227

1,242,122(1,242,122)

－

Total

1,745,434

65,465,071(1,262,063)

64,203,008

Segment income(loss)

85,507353,512

1,068,060

1,421,573

Depreciation

191,495

2,106,441－

2,106,441

Amortization of goodwill

1,142

88,891－

88,891(19,920)(118,523)(207,843)(326,366)－－

22,621

22,621

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 (60,191)
thousandyen and also includes the foreign exchange gain and loss 888,193 thousand yen andcompany-wide expenses (90,681) thousand yen, etc. that are not attributable to reportable segment.
3. Segment income is adjusted to reflect ordinary income as recorded in the consolidated statement ofincome.
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, 2013 to March 31, 2014)(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)

386,469

680,885

407,562(307,219)

1,167,697

Depreciation

666,533603,599

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)

141,458

1,309,156

1,298,489

2,607,646

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 322,872thousand
yen and also includes the foreign exchange gain and loss 1,217,086 thousand yen and companywide expenses (557,312) thousand yen, etc. that are not attributable to reportable segment.
3. Segment income is adjusted to reflect ordinary income as recorded in the consolidated statement ofincome.
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