Quarterly Financial Results
for the Three-month Period
Ended June 30, 2020

I. Financial Results and Outlook
The three-month period ended June 30, 2020（April 1, 2020 - June 30, 2020）

1

I. Summary of Financial Results
Overview
We had a hard time receiving orders under the situation of the restriction of overseas sales activities in automotive
related business due to wide-spreading COVID-19 globally. For semiconductor related business, on the other hand,
we had a good sales, which exceeded year-on-year figures, in response to growing market demand for data centerof 5G’s full-scale service and work from home. In consequence, the sales and profit increased.
(Units in millions of Yen)

Apr. 2019 –Jun. 2019
(Actual)Sales

13,827

Apr. 2020 –Jun. 2020(Actual)17,489YoY Change(Units in millions of Yen)

33,931
32,860

Apr. 2019 - Jun. 2019
Apr. 2020 - Jun. 2020

＋26.5%

Operating
Income593

1,518 ＋155.7%

Ordinary
Income627

1,552 ＋147.4%

Profit attributableto owners of theparent company

430

951 ＋121.0%

17,48913,827

Sales

18,172
14,975

Orders received

Orders outstanding

2I. Breakdown of Sales by Business Unit
100%

9.0%
16.9%

11.4%
19.2%

28.8%
31.4%

13.8%

17.7%

13.6%

24.8%

9.4%

2.4%

18.8%

18.7%

21.7%

40.1%

39.6%

37.6%

37.1%

17／03

18／03

4.5%
20.2%

3.0%
14.3%

30.1%

26.6%
31.5%

4.6%

3.5%

33.5%

39.9%

53.6%

30.2%

20.4%

38.0%

41.9%

24.9%

30.1%

30.3%

15／03

16／03

42.4%

35.4%

29.1%

0%
12／03

13／03

14／03
Automotive
Semiconductor
Others

19／03

FPD(Flat Panel Display)
Home appliances and other facilities*The figure of FPD related business was integrated into semiconductor related business since April 2012.

20／03

21／03
1Q
3

I. Factor Analysis on Changing Operating Income+30milDecreasein rateof COGS

+760mil+120mil
Decreasein SG&A+920mil

1.51bnIncreasein sales

590milApr. 2019 – Jun. 2019
Operating Income

Apr. 2020 – Jun. 2020
Operating Income4I. Balance Sheet
Balance Sheet(Units in millions of Yen)

Asset
Current Assets

Apr. 2019 –Mar. 2020

57,792

Apr. 2020 –Jun. 2020

62,009YoY Change＋4,216

Fixed Assets

27,61729,066＋1,449

Tangible
Fixed Assets
Intangible
Fixed Assets

21,737

23,230＋1,493

533

499

△33Investments
and other assets

5,346

5,336

△9

Total Assets

85,40991,076＋5,666

Liabilities

Apr. 2019 –Mar. 2020

Apr. 2020 –Jun. 2020

YoY Change

Current Liabilities

28,83130,199＋1,368

Fixed Liabilities

9,585

13,364＋3,779

Total Liabilities

38,416

43,564＋5,147

Total Net Assets

46,99347,511＋518

Capital Ratio

54.4%

51.6%

△2.8Point

Net Assets

Main impact factors
AssetsLiabilities/Net Assets

Buildings and structures＋4,333

Debt with interest＋4,799Construction in progress△3,028Trade payables＋2,024

Trade receivables＋2,864

Accrued liability△685
5

I. Assumed exchange rate, etc.
Assumed exchange rate

(Units in Yen)

Assumed exchange rate

From Apr. 1, 2020 to Jun. 30, 2020
(Actual rate)

From Jul. 1, 2020
(Applied assumption rate)

Exchange rate（against USD）

106.43100.00Transition of our stock prices(Units in Yen)

Transition ofour stock prices

Apr. 1, 2020 to Mar. 31, 2021

Apr. 1, 2018 toMar. 31, 2019

Apr. 1, 2019 toMar. 31, 2020

High10,580

8,1505,300

6,550

6,320

Low

4,285

3,505

4,110

5,030

5,490

End of period

7,640

4,605

5,240

6,190

5,630

April

May

June

PER／PBR／ROE
PER／PBR／ROE

Apr. 1, 2018
to Mar. 31, 2019

Apr. 1, 2019
to Mar. 31, 2020

Apr. 1, 2020
to Jun. 30, 2020

PER（x）

17.33

27.39

－※

PBR（x）

1.72

1.03

1.24

ROE（％）

10.06

3.77

－※

Please note that there is no information on PER & ROE due to incomparable numbers on the basis of quarterly profit.

6I. Sales, Orders Received and Outstanding by Business Unit
(Units in millions of Yen)

Business Unit

Sales

Orders
Received

OrdersOutstanding

Apr 2019- Jun 2019

Apr 2020- Jun 2020

YoY
ChangeAutomotive

5,047

5,088＋0.8%

Semiconductor

4,721

9,375

＋98.6%

Home appliances & others

3,258

2,493

△23.5%

Others800532△33.4%

TOTAL

13,827

17,489＋26.5%

Automotive

6,657

7,388

＋11.0%

Semiconductor

8,452

5,547

△34.4%

Home appliances & others

2,279

1,606

△29.5%

Others783

433△44.7%

TOTAL

18,172

14,975△17.6%

Automotive

16,36017,014＋4.0%

Semiconductor

11,83011,144

△5.8%

5,142

4,362

△15.2%

Others

597339△43.1%

TOTAL

33,931

32,860△3.2%

Home appliances & others

7I. Global Business Overview
Sales by region

China/TaiwanEurope

North America

HAS, HME（Shanghai, China）
It was affected by COVID-19.

South-east Asia

HEE（Germany）
Sales of automotive
related business went
as planned, whereas
cost rate got worse.

HCA（U.S.A）

HET（Thailand）

HCT（Taiwan）

HFM（Malaysia）

The business went wellin semiconductor sector.

HSL（Singapore）

HEM（Mexico）
It was affected bycustomers’ factory
shut-down andpostponement and/or
freeze of capital
investment due toCOVID-19.

It was affected bycustomers’ factory
shut-down due to
COVID-19.

(Units in millions of Yen)

JapanSales
Operating
IncomeAsia

North America
21/3
1Q

20/3
1Q

21/3
1Q

20/3
1Q

11,024

15,525

1,819

789

798

731

185

193

1,725

613

△54△168△112△2120/3
1Q

21/3
1Q

Europe
20/3
1Q

Total

21/3
1Q

20/3
1Q

21/3
1Q

443

13,827

17,489△68616

1,489

Please note that total figure of operating income is before consolidation adjustments between regional segments.

8

I. Topics - Business update on Organic EL/EV businesses
Business update on Organic EL/EV businesses(Units in millions of Yen)

Amount of orders received
Apr. – Jun.
2019

Apr. – Jun.
2020

Organic EL related
business

4,759

2,046

Electric vehicle
related business

1,876

494

YoY
ChangeSales
Apr. – Jun.
2019

Apr. – Jun.
2020

YoY
Change△2,714

1,096

5,098＋4,002△1,382677

744＋67●Organic EL related business
The sales of organic EL related business accounted for about 54% of its total semiconductor
sales, which increased at a great rate over the previous year. The incoming orders weredecreased by about 57% over the previous year.
●Electric vehicle related business
The sales of EV related business accounted for about 15% of its total automotive sales,
which was the increase of about 10% over the previous year. The incoming orders weredecreased by about 74% over the previous year.
9I. Topics - New Headquarters Building completed
New Headquarters Building completedHirata’s new headquarters building was completed on June 1. It is a four-storied building with a total floorarea of 22,458 square meters and the fully integrated of headquarters and factory functions. We consolidated
our manufacturing function, which used to located at several nearly factories, to this site. This enable us toincrease factory capacity. Yuichiro Hirata CEO made a speech at the completion ceremony saying that theeconomic situation would be severe under the COVID-19 situation. We, however, try to receive as manyorders as possible and give back some of the profits to Kumamoto.

Headquarters building andKumamoto factory※Headquarters Building is on
the right side of the bluecolored building.
This is an office area of theHeadquarters Building.

Yuichiro Hirata CEO isgreeting at the completionceremony.

10

I. Topics - Participation in industry-academic collaborative framework CHERSIParticipation in industry-academic collaborative framework CHERSIA industry-academic collaborative framework “Consortium of Human Education for Future Robot SystemIntegration”, so-called “CHERSI” was established on June 24. Hirata agreed with the purpose and participatedin it. CHERSI has a role in developing human resources through matching the needs against industry fromeducational institute such as specialized vocation high school and industrial high school and the seeds fromrobot manufacturers and robot system integrators. The seven participants are as follows: Kawasaki HeavyIndustries, Ltd., Denso Corporation, FANUC Corporation, Nachi-Fujikoshi Corp., Mitsubishi Electric Corporation,and Yasukawa Electric Corporation besides Hirata Corporation, and the FA & Robot System Integrator
Association. CHERSI plans teachers in specialized vocation high schools to educate students knowledge
obtained by visiting robot manufacturers.

The above shows how CHERSI works. This is referred from the below :https://www.jmfrri.gr.jp/index.html

11

Ⅱ Market Trend andForecast for FYE March 2021
The three-month period ended June 30, 2020（April 1, 2020 - June 30, 2020）12

II. Forecasts for FYE March 2021: Earnings Forecast(Units in millions of Yen)FY2020/3(Actual)Sales

FY2021/3(Forecast)

65,61267,000Automotive

23,22525,000

Semiconductor

26,16627,000Home appliances & others

13,24013,000

Others

2,979

2,000

Operating Income (margin)

2,736(4.2%)

1,900(2.8%)

Ordinary Income (margin)

2,861(4.4%)

2,000(3.0%)

Profit attributable to owners ofthe parent company (margin)

1,744(2.7%)

1,100(1.6%)

As to the full-year sales estimate
As to the sales estimate ending March 2021, the spread of the COVID-19 is expanding globally and Hirata’s
ordering situation is still unclear. We, however, expect to relatively firm on the sales of automotive andsemiconductor related business and increase in revenue as of now. As to the revenue, on the other hand, weexpect it to be lower than that of the previous year due to the amount of business investment and research anddevelopment cost.

13II. Forecasts for FYE March 2021: Business Environment
Automotive-related businessWe foresee that both automotive and parts manufacturers maintain a cautions stance on their business
investment due to automotive market downturn caused by the spread of the COVID-19. We remain
skeptical about the uncertainty of ordering situation due to a growing concern about the second wave ofCOVID-19. Even under the situation, we put all our energy into receiving orders of ongoing inquiries such as
EV related business.

Semiconductor-related business
The full-scale service of 5G, and work from home and online lesson are expanding globally. This situation
put upward pressure on investment for CPU of data center. We work harder to receive orders continuously
on its semiconductor business and focus on receiving orders of organic EL related business which is very firm.

Home appliances and other businessWe expect that companies tend to shrink their capital investment and the unclear situation continues causedby the limitation of their production activities in Asia due to the negative effect of the COVID-19. We try
harder to receive large orders for home appliances business.
14II. Forecasts for FYE March 2021: Dividend Forecast
Dividends and dividend ratio per share（Unit in Yen）

FYE Mar 2017

Dividends per share

100.00

Dividend ratio(%)

16.0

FYE Mar 2018

FYE Mar 2019

FYE Mar 2020

FYE Mar 2021
(Estimate)125.00

40.00

25.00

28.4

23.8

23.6

125.00including memorial
dividend 25.00yen

19.5

About dividend forecast

Note: Dividend ratio is on a consolidated basis.

We fully consider profit return to our shareholders as a highest priority issue. So, we endeavor
to pay dividend stably and continually to be more than 20% of the consolidated dividend ratio
as a guide by strengthening our financial characteristic and also taking into consideration ourconsolidated performance and business deployment.
Hirata estimated to pay annual dividend per share of 25.00 yen for the fiscal year ending
March 2021 based on the profit level of the sales estimate and the dividend ratio of theprevious year.
15

Ⅲ. Reference Data
The three-month period ended June 30, 2020（April 1, 2020 - June 30, 2020）16

III. Quarterly Trends of Sales by Business Unit
Sales by Business Unit

(Units in millions of Yen)

AutomotiveSemiconductor
Home appliances & others
Others

20,234392

4,467

20,251444

22,19522,655

3,588

4,687

5,626
6,891

6,710

791

533

4,720

13,827
800

3,258
4,721

8,663

2Q

9,459

3Q
2019/3

14,588
678
2,352

6,380

532
2,493

14,540710

2,942

17,489

9,154
9,375

5,908

11,180

4Q

5,047

5,176

4,978

1Q

2Q

3Q
2020/3

8,022

4Q

5,088

1Q
2021/317

III. Quarterly Trends of Received Orders by Business Unit
Received Orders by Business Unit

(Units in millions of Yen)

Automotive
Semiconductor
Home appliances & others
Others

24,203569

3,546

16,738447

13,14813,141

2,713

2,779

809

3,339

6,286

2Q

18,172783
2,279

13,501

3,471

812

521

4,759

8,452

5,620

4,220

2019/3

4Q

6,657

1Q

14,975639

3,300

13,089

3,243

4,871
8,059

3Q

15,522

433
1,606
5,547

6,625

4,575

4,957

2Q

3Q
2020/3

6,998

7,388

4Q

1Q
2021/318

III. Quarterly Trends of Orders Outstanding by Business Unit
Outstanding Orders by Business Unit

(Units in millions of Yen)

Automotive
Semiconductor
Home appliances & others
Others42,152622

9,085

35,042
699

6,238
9,332
10,23133,931
29,586
613

597
5,142

2Q

17,872

3Q
2019/332,844
6,032

6,390

10,321

11,038

14,972

731

660

438
5,249

32,860
339
4,362

6,121
11,8308,099

23,11235,37433,827

14,751

16,36015,75915,737

14,714

4Q

1Q

2Q

3Q

4Q

2020/3

11,14417,014

1Q
2021/319

III. R&D, CAPEX, Depreciation and Amortization(Units in millions of Yen)

Apr. - Jun. 2019

1,798

Apr. - Jun. 2020

293285

310

236

94

R&D expenses

Capital expenditures

Depreciation & Amortization

20

III. Key Financial KPIs/Indicators
Account Receivables/Turnover period(Units in millions of Yen)

37,990Inventory/Turnover period(Days)

33,044 32,881

38,074

195

183

185

198

20/3 1Q

20/3 2Q

20/3 3Q

20/3 4Q

A/R Turnover period

40,938209

21/3 1Q(Units in millions of Yen)

0.39
0.17
20/3 1Q

15,137 14,537

0.34

0.33

0.09

0.13

20/3 2Q

20/3 3Q

Debt wit interest

0.31
0.08

20/3 4QD/E ratio(Days)

9,163
46

39

20/3 1Q

20/3 2Q

10,437
7,591
55

19,336

0.41

8,398

50

20/3 3Q

Inventory(X)

15,688

8,693

Turnover period

Debt with interest/Debt equity ratio/Net debt equity ratio

17,635(Units in millions of Yen)

20/3 4Q

42

21/3 1Q

Turnover period

Total shareholder’s equity/Equity ratio(Units in millions of Yen)(%)

45,312 45,519

45,75456.0

55.9

20/3 2Q

20/3 3Q

53.8

46,46754.4

47,00251.6

0.17
21/3 1Q
Net D/E ratio

20/3 1Q

Total shareholder's equity

20/3 4Q

21/3 1Q

Equity ratioNote) Accounts receivable turnover period and Inventory turnover period list its average number of each quarter.

21

Cautionary statement with this document

Forecasts and other forward-looking statements presented here
represent judgment we made based on information available at thetime this presentation was prepared, and involve risks oruncertainties, such as economic conditions, competition with rival
companies, and exchange rate. Readers should understand,therefore, that actual results may be significantly different fromforecasts referred to or stated here due to changes in businessenvironments and other factors.

22