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 10, 2022

Consolidated Financial Results
for the Three Months Ended June 30, 2022
(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
Yasuhiro Fujimoto, Director, Managing Executive Officer
Division Director, Administration Division, Internal Controls, SDGs
Telephone:+81-96-272-5558
Scheduled date to file quarterly securities report:
August 10, 2022
Scheduled date to commence dividend payments:–
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2022 (from April 1, 2022 to June 30,
2022)(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, 2022

16,7395.8

1,011(24.3)

1,152(11.1)

817(11.0)

June 30, 2021

15,826

–

1,335

–

1,296

–

917

–

Note: Comprehensive income

For the three months ended June 30, 2022:
For the three months ended June 30, 2021:

Basic earnings
per share
Three months ended¥1,183 million¥1,340 million[(11.7) %][–%]Diluted earnings
per share
Yen

Yen

June 30, 2022

78.71

78.69

June 30, 2021

88.40

88.37

Note: The Company has applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) andrelevant ASBJ regulations from the beginning of the previous fiscal year. The percentage of year-on-year change for the threemonths ended June 30, 2021 is not shown.

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen

June 30, 2022

103,432

55,442

53.2

March 31, 2022

99,48554,93854.8

Reference:

EquityAs of June 30, 2022:
As of March 31, 2022:¥55,003 million¥54,478 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2022
Fiscal year ending
March 31, 2023–

Fiscal year-end

Total

Yen

Yen

0.00

–

65.00

65.00

0.00

–

50.00

50.00

–

Fiscal year ending
March 31, 2023
(Forecast)

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

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 to March
31, 2023)(Percentages indicate year-on-year changes.)
Net sales
Millions ofyen

Fiscal year ending
March 31, 2023

80,000Operating profit%

19.2

Profit attributable toowners of parent

Ordinary profit

Millions ofyen%Millions of
yen

%

3,000

(22.2)

2,900(31.9)

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

Millions ofyen%

2,000 (25.4)

Basic earnings
per shareYen

192.69

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): 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: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(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, 2022

10,756,090 shares

As of March 31, 2022

10,756,090 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2022

374,211 shares

As of March 31, 2022

375,411 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)
Three months ended June 30, 2022

10,381,222 shares

Three months ended June 30, 2021

10,379,505 shares

Note: Treasury shares as of March 31, 2022 and June 30, 2022 include the number of the Company’s shares held by the trust
account of the stock delivery trust for officers (64,700 treasury shares at the end of the period).

* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters
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 “Qualitative
information on quarterly financial results for the period” on page 2 of the Attached Materials.
The supplementary materials of quarterly financial results will be posted on the Company’s website.

Table of Contents of the Attached Materials
Index
1. Qualitative information on quarterly financial results for the period ....................................................... 2(1) Explanation of operating results ......................................................................................................... 2(2) Explanation of financial position........................................................................................................ 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 going concern assumption) ................................................................................................ 8(Notes when there is a significant change in the amount of shareholders’ equity) ............................. 8(Segment information) ....................................................................................................................... 9
3. Supplementary Information .................................................................................................................... 11
Status of production, orders received, and sales ..................................................................................... 11- 1 -1. Qualitative information on quarterly financial results for the period(1) Explanation of operating results
During the three-month period, the economic situation surrounding the Group was proceeding intandem with measures to control COVID-19 and economic activities. On the other hand, the economic
outlook remained uncertain due to soaring crude oil prices and supply constraints on parts andmaterials, as well as the escalation of tensions in Ukraine, the strengthening of economic sanctions
against Russia, and other factors. In the U.S., personal consumption remained firm against the
backdrop of favorable employment and income conditions. In addition, although supply constraints inthe manufacturing sector continued, capital investment continued to expand, and the economy was on arecovery trend. In Europe, high energy resource prices due to the contraction of trade with Russia andother factors pushed down the economy. In China, exports remained firm, but the economy slowed
down due to sluggish personal consumption caused by tighter activity restrictions in line with the zeroCOVID policy. In Japan, capital investment was on a moderate recovery trend against the backdrop of
improved corporate earnings, but business confidence in the manufacturing sector deteriorated due tosupply chain stagnation caused by the lockdown of cities in China, and other factors.
In this business environment, the Group launched a new Mid-Term Management Plan (FY2022–
FY2024) in the current fiscal year, and has been implementing a variety of measures under the fourbasic policies of “Business expansion in growth markets,” “Strengthening competitiveness as a global
company,” “Strengthening ESG management initiatives,” and “Realization of management in line withnew normal era.”
During the three-month period, net sales increased from the same period of the previous fiscal year due
to the easing of restrictions on activities by overseas affiliates. On the other hand, profit decreased fromthe same period of the previous fiscal year due to a rise in the cost of sales ratio caused by higher
material and transportation costs. As a result, net sales for the three-month period were ¥16,739 million(up 5.8% year on year), operating profit was ¥1,011 million (down 24.3% year on year), ordinary profit
was ¥1,152 million (down 11.1% year on year), and profit attributable to owners of parent was ¥817
million (down 11.0% year on year).
Segment information is as follows.
Effective from the first quarter of the current fiscal year, the Company changed the classification of its
reportable segments. Consequently, for the following year-on-year comparisons, the figures for thesame period of the previous fiscal year are reorganized into the changed segment classification forcomparative analysis.
(i) Automobile-related businessIn the automobile-related business, both net sales and profits remained firm due to strong capital
investment in areas such as electric vehicles (EVs), backed by global efforts to become carbon
neutral. As a result, net sales were ¥6,298 million (up 0.7% year on year), and operating profit was¥175 million (operating loss of ¥232 million for the same period of the previous fiscal year).
(ii) Semiconductor-related businessIn the semiconductor-related business, orders and sales of silicon wafer transfer equipment, andother equipment were strong as semiconductor manufacturers made aggressive capital investments
against the backdrop of rising demand for semiconductors in response to fifth-generation mobile
communication systems (5G) and the spread of telecommuting, etc. On the other hand, the cost of
sales ratio increased due to the impact of higher material and transportation costs, resulting in adecrease in profit from the same period of the previous fiscal year. As a result, net sales were
¥6,430 million (up 57.7% year on year), and operating profit was ¥592 million (down 28.9% year
on year).

- 2 -(iii) Other automatic labor-saving equipment
In other automatic labor-saving equipment, net sales declined in line with reduced capital
investment in the business related to flat panel displays (FPDs) and white goods. As a result, net
sales were ¥3,536 million (down 28.7% year on year), and operating profit was ¥251 million (down
63.5% year on year).

(2) Explanation of financial position(Assets)
Total assets at the end of the first quarter of the current fiscal year increased ¥3,946 million from theend of the previous fiscal year to ¥103,432 million. The main breakdown was an increase of ¥2,032
million in trade receivables (notes and accounts receivable - trade, and contract assets, andelectronically recorded monetary claims - operating), an increase of ¥907 million in inventories, and anincrease of ¥676 million in property, plant and equipment due to the construction of the Kansai Plant
and others.
(Liabilities)
Liabilities increased ¥3,442 million from the end of the previous fiscal year to ¥47,989 million. The
main breakdown was an increase of ¥3,906 million in debt with interest (short-term borrowings andlong-term borrowings), a decrease of ¥1,512 million in trade payables (notes and accounts payable trade and electronically recorded obligations - operating), and an increase of ¥1,140 million in contract
liabilities.
(Net assets)
Net assets increased ¥504 million from the end of the previous fiscal year to ¥55,442 million. The main
breakdown was an increase of ¥138 million in retained earnings due to the recording of ¥817 million in
profit attributable to owners of parent and ¥679 million in dividends paid, and an increase of ¥467
million in foreign currency translation adjustment due to the impact of depreciation of the yen. As aresult, the equity-to-asset ratio fell to 53.2% from 54.8% 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 forecast for the fiscal year ending March 31, 2023 disclosed on May
13, 2022.

- 3 -2. Quarterly consolidated financial statements and major notes(1) Quarterly consolidated balance sheet(Thousands of yen)
As of March 31, 2022
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, 2022

12,939,212

13,379,614

34,655,070

35,993,303

6,163,819
10,567,158
2,716,805(38,470)
67,003,595

6,858,309
11,474,959
2,347,116(38,488)
70,014,815

10,580,590
1,829,508
688,801
9,851,169
575,947
23,526,017

11,010,384
1,900,667
685,466
9,973,744
632,116
24,202,379

25,781459,840
14,274
499,896

25,781
437,821
14,274
477,8782,080,763
3,590
5,692,302
136,946
993,249(450,463)
8,456,389
32,482,304
99,485,900

2,088,984
3,590
5,917,713
138,041
1,061,262(472,036)
8,737,555
33,417,813
103,432,628

(Thousands of yen)
As of March 31, 2022
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
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets- 5 -As of June 30, 2022

6,154,055
4,360,113
8,500,000
5,635,328
749,5932,937,155
702,436
956,00379,216

4,851,201
4,150,768
11,400,000
9,066,992
1,241,254
2,087,065
156,574
2,096,933
19,327

118,397–

256,958
337,073825,786
31,612,118

269,348
370,194
1,574,104
37,283,764

9,605,674

7,180,678

71,17081,830384,867
2,077,511
796,048
12,935,272
44,547,390

620,448
2,077,511
745,683
10,706,151
47,989,916

2,633,962
14,309,592
33,747,543(2,452,359)
48,238,738

2,633,962
14,315,885
33,885,615(2,444,475)
48,390,988

454,149(238,178)
4,543,663
923,814555,905
6,239,354
28,353432,062
54,938,509
99,485,900

459,936(333,424)
4,543,663
1,391,261
551,011
6,612,448
14,176425,098
55,442,712
103,432,628

(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, 2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Subsidy income
Rental income
Gain on sale of scrap metal
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit (loss) attributable to non-controlling interests
Profit attributable to owners of parent- 6 -Three months ended
June 30, 2022

15,826,249
12,535,587
3,290,662
1,954,664
1,335,997

16,739,911
13,545,387
3,194,524
2,182,617
1,011,906

5,147
1,685
3,876
9,951
7,730
19,03247,423

14,286176
209,087
14,785
11,482
19,916
269,735

14,237
67,584
5,062
86,884
1,296,536

20,32680,957
27,865
129,149
1,152,491

923
923

3,063
3,063

21,957
21,9571,275,502
344,360
931,142
13,594
917,547001,155,554
352,576
802,978(14,094)
817,072

(Quarterly consolidated statement of comprehensive income) (cumulative)(Thousands of yen)Three months ended
June 30, 2021
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, 2022

931,142802,978

8,166
25,322
377,334(1,347)
409,474
1,340,616

5,787(95,246)474,748(5,065)380,223
1,183,202

1,324,877

1,190,166

15,739(6,964)

(3) Notes on quarterly consolidated financial statements(Notes on going concern assumption)
Not applicable.
(Notes when there is a significant change in the amount of shareholders’ equity)
Not applicable.

- 8 -(Segment information)I

Three-month period in the previous fiscal year (from April 1, 2021 to June 30, 2021)
1. Information on the amount of net sales, profit or loss, by reportable segment and informationon the decomposition of revenue(Thousands of yen)
Reportable segments
Other automatic
Automobile- Semiconductorlabor-saving
related business related businessequipment

Others(Note)

Total

Total

Net sales
Goods or services
transferred at a point in time
Goods or services transferredover time
Revenue from contracts withcustomers

389,516

2,867,278

1,732,828

4,989,622

483,486

5,473,109

5,865,632

1,211,033

3,227,305

10,303,972

42,207

10,346,180

6,255,149

4,078,311

4,960,133

15,293,595

525,694

15,819,289

–

–

–

–

6,959

6,959

6,255,149

4,078,311

4,960,133

15,293,595

532,654

15,826,249

–

–

–

–

899

899

Total

6,255,149

4,078,311

4,960,133

15,293,595

533,553

15,827,148

Segment profit (loss)(232,699)

834,211689,235

1,290,747

44,1101,334,857

Other revenue
Sales to external customers
Intersegment sales andtransfers(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

1,334,857

Elimination of intersegment transactions

1,140

Operating profit in the quarterly consolidated statementof income- 9 -1,335,997

II Three-month period in the current fiscal year (from April 1, 2022 to June 30, 2022)
1. Information on the amount of net sales, profit or loss, by reportable segment and informationon the decomposition of revenue(Thousands of yen)
Reportable segments
Other automatic
Automobile- Semiconductorlabor-saving
related business related businessequipment

Total

Others(Note)Total

Net sales
Goods or services
transferred at a point in time
Goods or services transferredover time
Revenue from contracts withcustomers

404,680

4,394,805

1,032,257

5,831,743

467,615

6,299,359

5,894,057

2,035,651

2,504,219

10,433,927–

10,433,927

6,298,737

6,430,456

3,536,476

16,265,671

467,615

16,733,286

–

–

–

–

6,625

6,625

6,298,737

6,430,456

3,536,476

16,265,671

474,240

16,739,911

–

–

–

–

377

377

Total

6,298,737

6,430,456

3,536,476

16,265,671

474,618

16,740,289

Segment profit (loss)

175,573

592,969

251,3901,019,933(9,167)1,010,766

Other revenue
Sales to external customers
Intersegment sales andtransfers(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

1,010,766

Elimination of intersegment transactions

1,140

Operating profit in the quarterly consolidated statementof income

1,011,906

3. Matters concerning changes in reportable segments, etc.
In the execution of the Mid-Term Management Plan starting in fiscal 2022, the Company has
decided to change the reportable segments in order to align the classification of segment
information with the business strategies in the plan to select and concentrate business byreviewing the business portfolio and to improve capital efficiency.
As a result, since the first quarter of the current fiscal year, the Company has changed its
reportable segments from the previous four regional segments of Japan, Asia, North America,
and Europe to three business segments of Automobile-related business, Semiconductor-related
business, and Other automatic labor-saving equipment.
Segment information for the three-month period in the previous fiscal year is disclosed basedon the classification after the change.

- 10 -

3. Supplementary Information
Status of production, orders received, and sales
Effective from the first quarter of the current fiscal year, the Company changed the classification of its
reportable segments. Consequently, for the following year-on-year comparisons, the figures for the samequarter of the previous fiscal year are reorganized into the figures for the classifications after the change.
(1) Production results
The table below shows production results by segment in the three-month period.
Name of segment

Three-month period(from April 1, 2022 to June 30, 2022)(Thousands of yen)

Year-on-year change (%)

Automobile-related business

6,716,079

100.9

Semiconductor-related business

6,420,397

133.3

Other automatic labor-saving
equipment

3,887,847

73.3

517,609100.0

17,541,934

101.4

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)Year-on-yearchange (%)

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

Automobile-related business

6,767,965

99.1

24,245,011

172.5

Semiconductor-related business

12,644,174

159.4

22,873,973

244.0

Other automatic labor-saving
equipment

3,864,105

67.1

6,178,048

76.5

795,637

176.6

725,458

238.5

24,071,882

114.8

54,022,491

169.8

OthersTotal
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-month period(from April 1, 2022 to June 30, 2022)(Thousands of yen)

Year-on-year change (%)

Automobile-related business

6,298,737

100.7

Semiconductor-related business

6,430,456

157.7

Other automatic labor-saving
equipment

3,536,476

71.3

474,240

89.0

16,739,911

105.8

OthersTotal

Note: Intersegment transactions are offset and eliminated.

- 11 -