FACTBOOK
7467/TSE Prime Market, NSE Premier Market

HAGIWARA ELECTRIC HOLDINGS CO., LTD.
For the fiscal year ending on March 31, 2023

Contents
Corporate Profile

1-2

Consolidated Balance Sheet

3

Consolidated Statement of Income

4

Consolidated Statement of Cash Flows5

Information by Segment /Consolidated Profitability Indicators

6

Consolidated Efficiency / Stability Indicators

7

Stock Information

8

Corporate Vision9

Our BusinessCorporate Profile (Operating companies in Japan)

10-12
13

Corporate Profile
Corporate Outline (as of March 31, 2023)
Name of Company

HAGIWARA ELECTRIC HOLDINGS CO., LTD.

Head Office2-2-1 Higashisakura, Higashi-ku, Nagoya City, Aichi Pref. 461-8520 Japan

Representatives

Mitsuo Iwai, Chairman and Representative Director
Moritaka Kimura, President and Representative Director

EstablishedMarch 31, 1948

Share Capital

4,361,243,696 yen

Number of Employees

Consolidated: 697 *Excluding temporary employees

Major Business

Formulation and management of business strategies for group companies selling electronic
devices and electronic equipment and manufacturing and selling FA equipment

Subsidiaries

HAGIWARA ELECTRONICS CO., LTD.
HAGIWARA TECHNO SOLUTIONS CO., LTD.
HAGIWARA ENGINEERING CO., LTD.

Organizational structure of the Group

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

As of April 1, 2023

1

Corporate Profile
Corporate History Timeline1948 Hagiwara Denki Kogyo was founded.
1958

Hagiwara Denki Kogyo Co., Ltd. was founded.

1966

The Tokyo Branch Office was established.

1993 The Kyushu Office was established.
1996

2016

2019

Partnership with NEC Corporation initiated and wholesale
division selling electronic components established.

1965

Company name changed to HAGIWARA ELECTRIC CO., LTD.

1981

The Nisshin Office (production factory) was established.

1995

Initial public offering of shares.

1998

The Miyoshi Distribution Center was established.

2011

The Korea local subsidiary was established.
The China (Free Trade Zone, Shanghai) local subsidiary wasestablished.

2014

Listed to the 1st Section of Tokyo Stock Exchange.
Listed to the 1st Section of Nagoya Stock Exchange.
The Thailand local subsidiary was established.

2018

Company name changed to HAGIWARA ELECTRICHOLDINGS CO., LTD., and status changed to holding company.
HAGIWARA HOKUTO TECHNO CO., LTD. was established.

2022

Listed to Tokyo Stock Exchange Prime Market.
Listed to Nagoya Stock Exchange Premier Market.
HAGIWARA ENGINEERING CO., LTD. becomes a subsidiary.

The Singapore local subsidiary was established.

2006 The US local subsidiary was established.
The China (Shanghai) local subsidiary was established.
2012

1956

The Germany local subsidiary was established.
The Data Center was opened.
The Kansai Branch was established.

The India local subsidiary was established.

Group Network
Hagiwara Electric Europe GmbHHagiwara Electric (Thailand) Co., Ltd.
Hagiwara America, Inc.
Hagiwara (Shanghai) Co., Ltd.
Hagiwara Techno Solutions (Shanghai) Co., Ltd.

<Japan>HAGIWARA ELECTRIC HOLDINGS CO., LTD.
HAGIWARA ELECTRONICS CO., LTD.
HAGIWARA TECHNO SOLUTIONS CO., LTD.
HAGIWARA ENGINEERING CO., LTD.
HAGIWARA HOKUTO TECHNO CO., LTD.
Hagiwara Electronics
India Private Limited

Hagiwara Electric Korea Co., Ltd.

Singapore Hagiwara Pte. Ltd.

Trend of Business Performance(¥ million)
200,000

Net sales

186,001

Operating profit margin

8.0%

158,427
150,000

100,000

50,00087,6322.9%

89,014

93,261

101,755

112,249

119,021

128,206

6.0%

127,830

4.0%

3.2%

3.2%

3.0%

3.2%

FY3/15

FY3/16

FY3/17

FY3/18

3.6%

3.6%

3.3%
2.7%

2.8%

FY3/21

FY3/22

2.0%

0

0.0%
FY3/14

FY3/19FY3/20FY3/23

Note: The Company transitioned to a holding company system on April 1, 2018.
The business performance up to FY3/18 in this FACTBOOK refers to the figures of the former HAGIWARA ELECTRIC CO., LTD. before the transition.

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

2

Consolidated Balance Sheet
連結 貸借対照表 ー Consolidated balance sheet（百万円）(￥ million)

資産の部

Assets

資産合計
流動資産

FY3/19FY3/20FY3/21

FY3/22

FY3/23

Total assets

63,17968,29373,34282,482

106,577

Current assets

58,01762,97167,75376,72999,297
10,920

現金及び預金Cash and deposits

7,508

7,753

9,713

8,506

受取手形及び売掛金

Notes and accounts receivable - trade

33,00732,62338,478－－

受取手形、売掛金及び契約資産

Notes and accounts receivable- trade, and contract assets

－

－

－

26,56932,735電子記録債権Electronically recorded monetary claims - operating

1,629

1,629

1,688

9,471

15,537

商品及び製品Merchandise and finished goods

14,17016,866

16,38927,641

34,411

仕掛品

Work in process

524

349

408

603

1,191

原材料及び貯蔵品

Raw materials and supplies

259

247

240

861

1,813

その他

Other

921

3,504

836

3,090

2,704

貸倒引当金

Allowance for doubtful accounts

△3

△2

△2

△ 17

△ 16

固定資産

Non-current assets

5,162

5,321

5,588

5,753

7,280

有形固定資産Property, plant and equipment

2,677

2,772

2,750

2,713

4,297

無形固定資産

Intangible assets

218

199

186

243

222

投資その他の資産

Investments and other assets

2,266

2,349

2,651

2,796

2,760

投資有価証券

Investments securities

1,317

1,250

1,504

1,444

1,315

長期貸付金

Long-term loans receivable

－

－

－

44

37

繰延税金資産

Deferred tax assets

396

468

431

584

647

退職給付に係る資産

Retirement benefit asset

113

その他

Other

貸倒引当金

Allowance for doubtful accounts

－

－

8

96

553

630

705

670

683

－

－

△0

△ 44

△ 37

負債の部

Liabilities

負債合計

Total liabilities

29,73033,17836,28943,11363,046

流動負債

Current liabilities

25,23027,46231,09536,531

37,774

支払手形及び買掛金

Notes and accounts payable - trade

11,727

13,73817,295

17,376

17,408電子記録債務Electronically recorded obligations - operating

3,159

2,252

2,663

3,126

3,823

短期借入金

Short-term borrowings

5,536

5,148

5,348

10,1296,084

1年内返済予定の長期借入金

Current portion of long-term borrowings

925

600

2,700

1,025

4,152

リース債務

Lease liabilities

26

62

67

98

98

未払金

Accounts payable-other

－

3,538

－

－

－

未払法人税等

Income taxes payable

1,536

671

604

992

1,476

契約負債

Contract liabilities

－

－

－

1,106

1,659

製品保証引当金Provision for product warranties

－

－

－

－

40

役員賞与引当金Provision for bonuses for directors (and other officers)

93

77

75

109

129

受注損失引当金Provision for loss on orders received

－

－

－

－

27

資産除去債務Asset retirement obligations

－

－

－

－

3

その他

Other

2,225

1,373

2,340

2,567

2,868

4,499

5,715

5,194

6,582

25,271－－－－

10,000

4,025

5,175

4,875

6,250

14,844

固定負債

Non-current liabilities

社債

Bonds payable

長期借入金

Long-term borrowings

リース債務

Lease liabilities

59

83

86

78

118

繰延税金負債

Deferred tax liablities

0

0

79

79

172

退職給付に係る負債

Retirement benefit liability

224

279

－

－

－

資産除去債務Asset retirement obligations

86

97

99

119

117

104

79

53

54

19

その他

Other

純資産の部

Net assets

純資産合計

Total net assets

33,44935,11437,05239,36943,531

株主資本

Shareholders' equity

31,15432,95934,53736,60740,474

資本金

Share capital

4,361

4,361

4,361

4,361

4,361

資本剰余金

Capital surplus

4,861

4,867

4,868

4,872

4,874

利益剰余金

Retained earnings

22,27424,06325,626

27,67931,529Treasury shares

△ 343

△ 332

△ 319

△ 305

△ 290

263

69

410

638

924

296

225

414

325

305

－

－

－

△3

－

413

772
△ 152

自己株式
その他の包括利益累計額

Accumulated other comprehensive income

その他有価証券評価差額金

Valuation difference on available-for-sale securities

繰延ヘッジ損益

Deferred gains or losses on hedges

為替換算調整勘定

Foreign currency translation adjustment

181

128

103

Remeasurements of defined benefit plans

退職給付に係る調整累計額

△ 214

△ 284

△ 107

△ 97

非支配株主持分Non-controlling interests

2,032

2,085

2,103

2,123

2,131

負債純資産合計Total liabilities and net assets

63,17968,29373,34282,482

106,577

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

3

Consolidated Statement of Income
連結 損益計算書 ー Consolidated statement of income（百万円）(￥ million)

FY3/19FY3/20FY3/21

FY3/22

FY3/23

売上高

Net sales

119,021

128,206

127,830

158,427

186,001

売上原価

Cost of sales

106,825

115,491

115,941

143,814167,786

売上総利益

Gross profit

12,196

12,714

11,888

14,612

18,214

販売費及び一般管理費

Selling, general and administrative expenses

7,876

8,541

8,420

10,255

11,489

営業利益

Operating profit

4,319

4,173

3,468

4,356

6,725

営業外収益

Non-operating income

82

105

212

114

165

受取利息

Interest income

9

2

6

15

10

受取配当金

Dividend income

19

18

19

19

21

為替差益

Foreign exchange gains

－

－

37

38

－

受取保険金

Insurance claim income

－

27

－

－

24

受取支援金収入

Income from fees for business

－

－

28

－

－

保険解約返戻金

Surrender value of insurance policies

0

－

－

－

－

投資有価証券評価益

Gain on valuation of investment securities

24

－

53

－

－

受取補償金

Compensation income

－

－

24

10

41

その他

30

58

42

30

67

営業外費用

Non-operating expenses

126

184

124

135

473

支払利息

Interest expenses

43

50

34

36

147

社債利息

Interest expenses on bonds

－

－

－

－

6

社債発行費

Bonds issuance costs

－

－

－

－

76

為替差損

Foreign exchange losses

27

72

－

－

156

売上債権売却損

Loss on sales of trade receivables

32

17

24

18

29

投資有価証券評価損

Loss on valuation of investment securities

－

18

－

－

33

支払手数料

Commission expenses

6

12

53

15

－

新株発行費

Share issuance costs

12

－

－

－

－

貸倒引当金繰入額

Provision of allowance for doubtful accounts

－

－

－

51

－

その他

Other

4

13

12

13

22

経常利益

Ordinary profit

4,275

4,093

3,556

4,335

6,417

特別利益

Extraordinary income

3

1

37

78

703

Other

固定資産売却益

Gain on sale of non-current assets

－

0

0

0

－

投資有価証券売却益

Gain on sale of investment securities

3

1

36

77

32

負ののれん発生益

Gain on bargain purchase

特別損失

Extraordinary losses

－

－

－

－

670

22

7

0

10

8

固定資産処分損

Loss on disposal of non-current assets

1

0

0

9

8

投資有価証券評価損

Loss on valuation of investment securities

20

0

－

－

－

投資有価証券売却損

Loss on sale of investment securities

－

4

－

－

－

投資有価証券清算損

Loss on liquidation of investment securities

0

－

－

－

－

会員権評価損Loss on valuation of membership

－

2

－

－

－

税金等調整前当期純利益

Profit before income taxes

4,256

4,087

3,593

4,403

7,111

法人税等

Income taxes

1,433

1,311

1,225

1,473

2,155

当期純利益

Profit

2,823

2,775

2,367

2,930

4,955

非支配株主に帰属する当期純利益

Profit attributable to non-controlling interests

17

59

53

54

42

親会社株主に帰属する当期純利益

Profit attributable to owners of parent

2,806

2,716

2,314

2,876

4,912

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

4

Consolidated Statement of Cash Flows
連結 キャッシュ・フロー計算書 ー Consolidated statement of cash flows（百万円）(￥ million)

営業活動によるキャッシュ・フローCash flows from operating activities

営業活動によるキャッシュ・フロー合計

Net cash provided by (used in) operating activities

税金等調整前当期純利益

Profit before income taxes

減価償却費

Depreciation

負ののれん発生益

Gain on bargain purchase

固定資産除売却損益（△は益）貸倒引当金の増減額（△は減少）
役員賞与引当金の増減額（△は減少）

Loss (gain) on sale and retirement of non-current
assetsIncrease (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses for
directors (and other officers)

FY3/19FY3/20FY3/21

FY3/22

FY3/23

419

1,092

887

△ 4,905△ 13,020

4,256

4,087

3,593

4,403

7,111

186

215

247

282

294

－

－

－

－

△ 670

1

0

△0

8

8

0

△0

0

58

△7
19

44

△ 16

△1

34

退職給付に係る負債の増減額（△は減少）

Increase (decrease) in retirement benefit liability

△ 61

△ 44

△ 25

－

－

退職給付に係る資産の増減額（△は増加）

Decrease (increase) in retirement benefit asset

－

－

－

△ 71

△ 97

Increase (decrease) in provision for loss
on order received
Increase (decrease) in provision for productwarranties

△ 11

－

－

－

25

－

－

－

－

15

受取利息及び受取配当金

Interest and dividend income

△ 28

△ 20

△ 26

△ 34

△ 32

支払利息

Interest expenses

43

50

34

36

154

社債発行費

Corporate bond issuance expenses

－

－

－

－

76

保険解約返戻金

Surrender value of insurance policies

△0

－

－

－

－

投資有価証券評価損益（△は益）Loss (gain) on valuation of investment securities

△9

18

△ 53

1

33

投資有価証券売却損益（△は益）Loss (gain) on sale of investment securities

△3

3

△ 36

△ 77

△ 32

売上債権の増減額（△は増加）

Decrease (increase) in trade receivables△ 2,576315△ 5,849

4,219△ 11,757

棚卸資産の増減額（△は増加）

Decrease (increase) in inventories△ 1,475△ 2,509424△ 12,067△ 7,856

仕入債務の増減額（△は減少）

Increase (decrease) in trade payables

386

1,104

3,967

544

371

その他

Other, net

613

△ 341

21

△ 1,103

1,309

1,366

2,862

2,294

△ 3,765△ 11,032

29

21

27

35

32

受注損失引当金の増減額（△は減少）
製品保証引当金の増減額（△は減少）

小計

Subtotal

利息及び配当金の受取額Interest and dividends received

利息の支払額Interest paid

△ 42

△ 50

△ 29

△ 41

△ 144

Income taxes paid

△ 933

△ 1,740△ 1,405△ 1,134△ 1,876

△ 430

△ 274

△ 69

△ 171

△ 1,327

70

－

－

－

－

法人税等の支払額
投資活動によるキャッシュ・フローCash flows from investing activities

投資活動によるキャッシュ・フロー合計

Net cash provided by (used in) investing activities

定期預金の払戻による収入

Proceeds from withdrawal of time deposits

定期預金の預入による支出

Payments into time deposits

△ 200

－

－

－

－

投資有価証券の取得による支出

Purchase of investment securities

△ 19

△ 78

△ 11

△ 114

△3

投資有価証券の売却による収入

Proceeds from sale of investment securities

30

21

119

118

114

投資有価証券の償還による収入

Proceeds from redemption of investment securities

0

－

－

－

－

有形固定資産の取得による支出

Purchase of property, plant and equipment

△ 157

△ 123

△ 123

△ 87

△ 129

有形固定資産の売却による支出

Proceeds from sale of property, plant and equipment

0

1

10

10

－

無形固定資産の取得による支出

Purchase of intangible assets

△ 147

△ 42

△ 54

△ 90

△ 104

連結の範囲の変更を伴う子会社株式の取得による支出

Purchase of shares of subsidiaries resulting inchange in scope of consolidation

－

－

－

－

△ 1,209

保険積立金の解約による収入

Proceeds from cancellation of insurance funds

その他

Other, net

財務活動によるキャッシュ・フローCash flows from financing activities

財務活動によるキャッシュ・フロー合計

Net cash provided by (used in) financing activities

2

－

－

－

－

△8

△ 51

△ 10

△8

4

1,037

△ 519

1,165

3,564

16,421△ 1,046

△ 388

200

4,780

△ 4,044

短期借入金の純増減額（△は減少）

Net increase (decrease) in short-term borrowings

長期借入れによる収入

Proceeds from long-term borrowings

1,100

1,750

2,400

2,400

13,060

長期借入金の返済による支出

Repayments of long-term borrowings

△ 993

△ 925

△ 600

△ 2,700△ 1,388

社債の発行による収入

Proceeds from issuance of bonds

－

－

－

－

9,923

自己株式の取得による支出

Purchase of treasury shares

－

－

△0

△0

△0

新株予約権の行使による株式の発行による収入

Proceeds from issuance of shares resulting
from exercise of share acquisition rights

879

－

－

－

－

自己株式の売却による収入

Proceeds from sale of teasury shares

19

16

14

－

－

配当金の支払額

Dividends paid

△ 907

△ 929

△ 749

△ 796

△ 1,061

非支配株主への配当金の支払額

Dividends paid to non-controlling interests

－

△5

△ 34

△ 34

△ 34

非支配株主からの払込みによる収入

Proceeds from share issuance to non-controllingshareholders

2,009

－

－

－

－

その他

Other, net

△ 24

△ 37

△ 65

△ 84

△ 83

△ 57

△ 52

△ 23

304

340
2,413

現金及び現金同等物に係る換算差額

Effect of exchange rate change on cash and cash
equivalents

現金及び現金同等物の増減額（△は減少）

Net increase (decrease) in cash and cash equivalents

968

245

1,960

△ 1,207

現金及び現金同等物の期首残高

Cash and cash equivalents at beginning of period

6,540

7,508

7,753

9,713

8,506

現金及び現金同等物の期末残高

Cash and cash equivalents at end of period

7,508

7,753

9,713

8,506

10,920

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

5

Information by Segment /Consolidated Profitability Indicators
セグメント情報等 ー Segment Information
セグメント別業績 - Net Sales Breakdown by Business Segment
（百万円）
売上高
デバイス事業
ソリューション事業
セグメント利益
デバイス事業
ソリューション事業(￥million)
Net sales
Electronic Devices BusinessTechnology Solutions Business
Segment profit
Electronic Devices BusinessTechnology Solutions Business

FY3/19119,021
95,692
23,328
4,319
2,870
1,449

FY3/20128,206
103,700
24,505
4,173
2,674
1,498

FY3/21
127,830
105,905
21,924
3,468
2,164
1,303

FY3/22
158,427
134,661
23,766
4,356
2,663
1,692

FY3/23
186,001
158,974
27,026
6,725
4,491
2,234

FY3/19119,02166,954
4,502
9,329
38,235

FY3/20128,206
70,4274,533
9,703
43,541

FY3/21
127,830
74,422
4,057
4,902
44,447

FY3/22
158,427
80,0734,383
3,492
70,479FY3/23
186,001
86,7235,516
2,770
90,992

主要ユーザー別売上高 - Net Sales Breakdown by Major Client
（百万円）
売上高
株式会社デンソー
株式会社東海理化電機製作所
トヨタ自動車株式会社
その他(￥million)
Net sales
DENSO CORPORATIONTOKAI RIKA CO., LTD.
Toyota Motor Corporation
Others※株式会社デンソー等の海外子会社に対する売上高は、その他に含まれております。（Net sales to overseas subsidiaries such as Denso are included in "Others."）

収益性指標 ー Profitability（%）

FY3/19FY3/20FY3/21

FY3/22

FY3/23

売上高総利益率(A)Gross profit on Net sales

10.2

9.9

9.3

9.2

9.8

売上高営業利益率(B)Operating profit margin

3.6

3.3

2.7

2.8

3.6

売上高経常利益率(C)Ordinary profit margin

3.6

3.2

2.8

2.7

3.5

売上高当期純利益率(D)Net profit margin

2.4

2.1

1.8

1.8

2.6

総資産経常利益率（ROA）(E)

Gross profit on Net sales

7.1

6.2

5.0

5.6

6.8

自己資本当期純利益率（ROE）(F)

Operating profit margin

9.3

8.4

6.8

8.0

12.5

純資産配当率（DOE）(G)

Ordinary profit margin

3.0

2.9

2.1

2.5

3.5

売上高総利益率(A)=売上総利益÷売上高 (=Gross profit/Net sales)
売上高営業利益率(B)=営業利益÷売上高 (=Operating profit/Net sales)
売上高経常利益率(C)=経常利益÷売上高 (=Ordinary profit/Net sale)
売上高当期純利益率(D)=親会社株主に帰属する当期純利益÷売上高 (=Profit attributable to owners of parent/Net sales)
ROA(E)=経常利益÷総資産(期中平均) (=Ordinary profit/Total assets)
ROE(F)=親会社株主に帰属する当期純利益÷自己資本(期中平均) (=Profit attributable to owners of parent/Total net assets)
DOE(G)=配当金総額÷純資産(期中平均)(=Total amount of dividends (\million) /Total net assets)

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

6

Consolidated Efficiency/ Stability Indicators
効率性指標 ー Efficiency
FY3/19FY3/20FY3/21

FY3/22

FY3/23

総資産回転率(A)Total assets turnover

2.0

2.0

1.8

2.0

2.0

自己資本回転率(B)Equity turnover

3.9

4.0

3.8

4.4

4.7

有形固定資産回転率(C)Property , plant and equipment turnover

44.9

47.1

46.3

58.0

59.8

インタレスト・カバレッジ・レシオ(D)Interest coverage ratio

100.9

83.5

102.4

119.7

45.8

期末従業員数（人）(E)

Number of employees at end of period

544

585

594

609

697

期末臨時従業員数（人）(F)

Number of temporary employees at end of period

１人当たり売上高（万円）(G)Net sales per employee

１人当たり経常利益（万円）(H)
１人当たり当期純利益（万円）(I)

51

59

78

85

109

20,004

19,90819,022

22,82823,077

Ordinary profit per employee

719

636

529

625

796

Net profit per employee

472

422

344

414

610

総資産回転率(A)=売上高÷総資産(=Net sales/Total assets)
自己資本回転率(B)=売上高÷自己資本(=Net sales/Total net assets)
有形固定資産回転率(C)=売上高÷有形固定資産(=Net sales/Property, plant and equipment)
インタレスト・カバレッジ・レシオ(D)= (営業利益+受取利息+受取配当金) ÷支払利息(=(Operating profit+Interest income+Dividend income)/Interest expenses)
１人当たり売上高(G)=売上高÷((E)+(F)) (=Net sales/((E)+(F)))
１人当たり経常利益(H)=経常利益÷((E)+(F)) (=Ordinary profit/((E)+(F)))
１人当たり当期純利益(I)=親会社株主に帰属する当期純利益/((E)+(F))(=Profit attributable to owners of parent/((E)+(F)))

安全性指標 ー Safety（%）

FY3/19FY3/20FY3/21

FY3/22

FY3/23

自己資本比率(A)Equity ratio

49.7

48.4

47.7

45.2

38.8

有利子負債依存度(B)Interest-bearing debt ratio

16.6

16.0

17.6

21.1

32.9

当座比率(C)

Acid-test ratio

167.0

153.0

160.4

121.6

156.9

流動比率(D)

Current ratio

229.9

229.3

217.9

210.0

263.3

固定比率(E)

Non-current ratio

16.4

16.1

16.0

15.4

17.8

固定長期適合率(F)Non-current assets to Non-current liability ratio

14.4

13.7

13.9

13.1

11.0

自己資本比率(A)=自己資本÷総資産 (=Total net assets/Total assets)
有利子負債依存度(B)=有利子負債÷総資産 (=Liabilities with interest/Total assets)
当座比率(C)=当座資産÷流動負債 (=Cash and cash equivalents/Current liabilities)
流動比率(D)=流動資産÷流動負債 (=Current assets/Current liabilities)
固定比率(E)=固定資産÷自己資本 (=Non-current assets/Total net assets)
固定長期適合率(F)=固定資産÷ (自己資本+固定負債) (=Non-current assets/(Total net assets/Non-current liabilities))

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

7

Stock Information
１株当たり指標 ー Per share（円） - ￥

FY3/19FY3/20FY3/21

FY3/22

FY3/23期末株価 - Share price at end of period (A)

3,080

2,197

2,629

2,020

3,325

2,589-3,405

1,934-3,135

1,860-2,830

1,903-2,686

1,851-3,325

319.72307.45261.82325.07554.71株価レンジ（直近12ヶ月の引値ベース）- Closing stock price range for the last 12 months (B)
１株当たり当期純利益 - Earnings per share (C)
１株当たり配当金 - Dividend per share (D)
１株当たり純資産 - Book-value per share (C)105.00105.0080.00

100.00155.003,557.48

3,737.88

3,951.86

4,208.13

4,672.91

FY3/19FY3/20FY3/21

FY3/22

FY3/23

配当金総額（百万円） - Total amount of dividends (\million) (E)

927

927

707

885

1,373

配当性向（％） -Dividend payout ratio (％) (F)

32.8

34.2

30.6

30.8

27.9

株価収益率（PER）（倍） - Price earnings ratio (times) (G)

9.63

7.15

10.04

6.21

5.99

株価純資産倍率（PBR）- Price book-value ratio (H)

0.87

0.59

0.67

0.48

0.71

- Term-average number of shares outstanding (thousand shares)

8,777

8,834

8,841

8,848

8,856

株主数（人） - Number of shareholders (persons)

2,753

3,143

2,862

3,078

3,328

期中平均株式数（千株）

配当性向 (F)=(D)÷(C)
株価収益率(G)=(A)÷((C)÷2)
株価純資産倍率(H)=期末株価÷(C)(=Year-end Stock Price/(C))

大株主の状況 ー Major Shareholders
上位10名 - Top 10 Shareholders

As of March 31, 2023
所有株式数（株）

所有株式数の割合（%）

Number of shares

Shareholding ratio (%)⽇本マスタートラスト信託銀行株式会社（信託⼝）1,029,400

11.62

株式会社⽇本カストディ銀行（信託⼝） - Custody Bank of Japan, Ltd.(trust account)

744,500

8.40

有限会社スタニイ - STANY Co., Ltd.

495,250

5.59

萩原智昭 - Tomoaki Hagiwara

340,030

3.84

BBH FOR FIDELITY LOW－PRICED STOCK FUND (PRINCIPAL ALL SECTOR SUBPORTFOLIO)

234,687

2.65

株式会社三菱ＵＦＪ銀行 - MUFG Bank, Ltd.

232,500

2.62

230,000

2.60

公益財団法人萩原学術振興財団 - HAGIWARA FOUNDATION OF JAPAN

230,000

2.60

萩原電気従業員持株会 - Employees' Stockholding

182,270

2.06

三井住友信託銀行株式会社 - Sumitomo Mitsui Trust Bank, Limited

178,000

2.01- The Master Trust Bank of Japan, Ltd. (trust account)

名古屋中小企業投資育成株式会社- Nagoya Small and Medium Business Investment & Consultation Co., Ltd.

※所有株式の割合（％）は、自己株式（158,474株）を控除して計算しております。
（The percentage of shares held is calculated by deducting treasury stock (158,474 shares).）

所有者別株式保有の状況 ー Shareholding by Shareholder

8 CO., LTD. All Rights Reserved.
Copyright (c) HAGIWARA ELECTRIC HOLDINGS

8

Corporate Vision
A solution design company
that is creating the future through advanced electronics
We aim to be a corporate group that contributes to a sustainable society by designing new value forthe future of our mobility society and manufacturing through digital transformation.
The foundation of our corporate activities is to prioritize ourcustomers' perspective. We not only meet our customers’ needs,
but we exceed their expectations by using our knowledge as a
trading company to make proposals and leverage our proventechnologies to deliver the best solution.
The Hagiwara Electric Group works as one to fulfill its role andElectronic Devices
Business

Supporting a More Prosperous LifestyleThrough Advanced Technology

mission as a technology-related trading company. We contribute to
the achievement of a prosperous society by creating technologicalbases to support our electronic devices business, technology
solutions business, and overseas business expansion, throughwhich we create solutions that add new value and create greater
opportunities for success in all fields.

Technology
Solutions BusinessSupporting the DigitalSociety of the Future

We evolve together with our customers through advanced
electronics technology and logistics services

Toward a digital society transformed by data and technology:
expanding the possibilities of the future through digital transformation

The digital revolution has finally begun to change the nature of theautomobile. We help to solve our customers’ problems by providing
new services based on our many years of experience in theautomotive industry.

We provide solutions for achieving a connected society by integrating
and developing the measurement and digitalization technologies that
we have cultivated in the manufacturing field, and for achieving thedigital transformations that will lead to the digital society of the future.

Overseas Business
Expansion

Supporting Your Global
Expansion

Technological
Base

Supporting Hagiwara
Electric Technologies

Delivering value globally ~Contributing to our customers’
overseas expansion and the development of local businesses~

Creating new value in society with the power of technology

The Hagiwara Electric Group supports the globalization of
manufacturing by actively promoting overseas expansion. We
currently have a worldwide network originating in Japan and covering
North America, Asia and Europe. By utilizing the group know-how
and resources of our local bases, we are able to provide the samelevel of support for customers engaged in overseas manufacturing
operations as for customers operating in Japan.

From development of original component technologies to applied
technology and cutting-edge technology, we actively pursue newpotential and functional diversity in addition to seeking newtechnologies. We create new value in society by being responsive tothe expanding markets of many different industries, while at the sametime, using our strengths to support the business of Hagiwara ElectricGroup.

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

9

Our BusinessElectronic Devices BusinessWe evolve together with our customers
through advanced electronics technology and logistics services
The digital revolution has finally begun to change the nature of the automobile.
We help to solve our customers’ problems by providing new services
based on our many years of experience in the automotive industry.
Business Domains
Contributing to the automotive society of tomorrow,transitioning beyond conventional concepts, by providing the cutting edge solutions
Supporting the Latest Innovations
Internal vehicle devices
The safety and comfort of one’s car is paramount to a relaxed and enjoyable driving experience.
We handle a diverse selection of electronic devices that support these developments.
What’s more, our team is equipped to provide a personalized experience with advanced device
solutions. Our specialists are experienced in developing new cutting edge products that are
customized and tailored to suit your company’s needs.

Embedded software development
With the increasing usage of electronics in vehicles, the demand for microcontrollers has
increased.
To meet this ever increasing demand, we are developing improved software to advance thequality and performance of automotive microcontrollers.
Supporting the Evolution of Industry

Devices for industry and social infrastructure
As automation and motorization expand, so too does the technology used in our daily lives. The
electronic devices we supply support these developments and allow us to respond quickly to
our customers’ needs in a variety of fields even as the global demand outgrows production.

Features of Electronic Devices Business1. The Hagiwara of Cars

3. The Hagiwara of Technological Strengths

A wealth of achievements in the automotive industry especiallyin the Chubu region

Our efforts in the field of hardware development and EMS/ODM

The Hagiwara Electric Group is based in Nagoya, where the world’s
top automobile and auto parts manufacturers are located. When the
Hagiwara Electric Group was founded, we put down roots in the
Chubu region, where we have been able to create and foster close
relationships with our customers. These relationships have beencultivated over many years and at their cores are built on trust. This
has allowed us to gather the latest knowledge about industry trends
as well as accumulate the latest and most advanced technology
available with which the cars of the future will be fashioned.

In recent years, semiconductors such as LSIs with integratedfunctionality have become mainstream. The Hagiwara Electric Grouputilizes its technological strengths to support the functional
development of semiconductors as well as the incorporation of “plusalpha” functions into general purpose products. Due to ouradvancements in software creation and design, we are able toprovide electronics manufacturing services (EMS) and original design
manufacturing (ODM).

2. The Hagiwara of Solutions

4. The Hagiwara That Is Everywhere in Society

Established partnerships with global leaders and drivers ofgrowthA presence in multiple fields including industry, robots, housing
equipment, and nursing care

The partnerships we promote are those that will benefit ourcustomers and provide us the tools to resolve any issues they mightface. With a focus on long-established global brands, we are always
in pursuit of manufacturers who will be the leaders of the next
generation. This commitment to coordinating and selecting only thebest assists us in providing our customers with most innovative
solutions available.

Device solutions from the Hagiwara Electric Group are utilized infactories to accelerate factory automation (FA). Additionally, oursolutions are used in both the housing equipment field and thenursing care field. Our cutting-edge inventory of electronic
components and ability to propose solutions support automation andmotorization, bringing more convenience to our lives.

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10

Our BusinessTechnology Solutions BusinessToward a digital society transformed by data and technology:
expanding the possibilities of the future through digital transformation
We provide solutions for achieving a connected society
by integrating and developing the measurement and digitalization technologies
that we have cultivated in the manufacturing field,
and for achieving the digital transformations that will lead to the digital society of the future.
Solutions for Every Area
IT Solutions

Product Solutions

Measurement and FA Solutions

DX

Embedded Platforms

Measurement Solutions

・Factories

Security

Embedded Devices

FA Solutions

・SocialData Centers

Original Products

Business
Domains・IT Infrastructure
・Medicine and

Cloud
IT Platforms

Healthcare

Original Packages

Features of Technology Solutions Business1. Trading Company with Manufacturing Functions

3. Looking Ahead and Being a Pioneer

Partnerships with a variety of manufacturers and our own
manufacturing function

Using our technological strengths stay new and on trend

In addition to the major manufacturers we have been working with formany years, we also actively collaborate with leading manufacturers
across the globe. We assist our customers in finding state-of-the-art
technologies and products that suit them. We also have amanufacturing arm where we develop and manufacture our own
original products. We resolve the issues faced by our customers
through our commitment to quality and meticulous support.

From selling computers and servers to building networks and IT
platforms, we have always used state-of-the-art and trending
technologies such as measurement solutions that support modelbased development. We will continue to use our proven, extensive
technological resources to seek new technologies that will form thefoundation of the next generation.

2. Achievements in Industry

4. Promoting Digital Transformation and Creating New Value

A wealth of achievements at auto factories and other production
sites especially in the Chubu region

Delivering new value in the data-driven digital integration andfactory integration services market

The Chubu region is where many world-class automobile
manufacturers and automobile parts manufacturers have theirproduction bases. The region is also playing host to an increasing
number of companies engaged in manufacturing equipment for
production facilities such as machine tools. Headquartered in Nagoya—the heart of the Chubu—the Hagiwara Electric Group has a proventrack record in production site-related business. We are also
leveraging these achievements to develop a wide range of solutions
in various other fields such as IT and security.

We are able to utilize our experience in IT, embedded devices,
measurement, and other aspects of factory automation (FA) in orderto import data from various machines and objects. We create newvalue by processing the data we collect into meaningful informationand promoting digital transformation.

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11

Our Business
Overseas Business Expansion

Delivering value globally ~Contributing to our customers’ overseas
expansion and the development of local businesses~
The Hagiwara Electric Group supports the globalization of manufacturing by actively promoting overseas expansion.
We currently have a worldwide network originating in Japan and covering North America, Asia and Europe.
By utilizing the group know-how and resources of our local bases, we are able to provide the same level of support
for customers engaged in overseas manufacturing operations as for customers operating in Japan.
Our goal is to strengthen the development support system of local subsidiaries by implementing measures such as
stationing engineers at each location.
This allows us to contribute to the creation and expansion of global markets with our customers while at the sametime developing new products and new businesses.

Approach to Overseas Business■Meeting the global needs of Japanese companies■Proposing Solutions That Correspond with Local Needs■Expanding Our Overseas Network■Business localization■Enhancing development and design■Creating new markets

Technological BaseCreating new value in society with the power of technology
From development of original component technologies to applied technology and cutting-edge technology,
we actively pursue new potential and functional diversity in addition to seeking new technologies.
We create new value in society by being responsive to the expanding markets of many different industries,
while at the same time, using our strengths to support the business of Hagiwara Electric Group.

Hagiwara Electric's Strengths
The Hagiwara Electric Group's strength lies in the ability to use our technological advantages toprovide solutions for issues and challenges faced by our customers. Our technologies are largely
divided into support technology and development technology, and at the heart of both of these is
our component technology and experience. Electronic products are becoming increasingly
sophisticated and complex. What is needed now is not only product lineup, but also the ability tosupport all the technical aspects of a customer's project by utilizing expertise in each field of thecustomer's business. Utilizing our proven track record and the experience we have accrued, we
serve the role of a bridge between suppliers and customers. Our competencies translate into an
ability to support our customers' product development and to help their business succeed. At theheart of our ability to provide solutions is the technological strength of the Hagiwara ElectricGroup and we will further enhance it as a horizontally interconnected foundation that supports
the entire Group.

Our Technologies
Examples of Support Technologies
Support for Component Selection■Introduction of new products frommanufacturing partners■Provision of the latest product informationand technical trends■Assistance in new product evaluation andcomparative evaluation of parts

Development Support for
Customers■Support for advance development of embedded
systems■Support for development of embedded softwareand hardware mass production■Support for constructing IT and other systems(system integrator)■Introduction of partner companies that canperform development and evaluation

Examples of Development Technologies
Contracted Development ofEmbedded Systems■Embedded software development andevaluation■Development of embedded system hardware■Circuit design and evaluation of system
LSIs and ICs

Contracted Development
Related to IT Solutions■IoT-related system development■System development for production
management systems, etc.
■Construction of various FA and measurement
systems

Support for Failure Analysis■Cooperation in failure classification, reproduction
testing and analysis■Follow up on failure analysis in collaboration with
manufacturing partners

Establishment of Evaluation
Environments and Contracted
Development of Component
Technologies for Automated Driving
and Other Systems■Acquisition of car driving video and data tagging■Image processing that can be applied to electronic
mirrors and peripheral monitoring■Implementation of new algorithms in embedded systems

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

12

Corporate Profile(Operating companies in Japan)
HAGIWARA ELECTRONICS CO., LTD.
Name of Company
Location
Representative

HAGIWARA ELECTRONICS CO., LTD.
Takaoka Park Building, 2-2-1 Higashi Sakura, Higashi-ku, Nagoya-shi, Aichi
Takeshi Soejima, President and Representative Director

EstablishedMay 1, 2017 (Business operation commenced on April 1, 2018)

Share Capital

1,310 million yen

Major Business

Sale of integrated circuits, semiconductors and electron devices

HAGIWARA TECHNO SOLUTIONS CO., LTD.
Name of Company

Location
Representative

HAGIWARA TECHNO SOLUTIONS CO., LTD.
Takaoka KANAME Building, 2-28-23 Izumi, Higashi-ku, Nagoya-shi, Aichi
Chihiro Kashima, President and Representative Director

EstablishedMay 1, 2017 (Business operation commenced on April 1, 2018)

Share Capital

310 million yen

Major Business

Sale of electronic equipment and manufacture and sale of FA equipment

HAGIWARA ENGINEERING CO., LTD.
Name of Company

HAGIWARA ENGINEERING CO., LTD.

Location

326,Sayamagahara,Iruma-shi,Saitama

Representative

Hiroaki Fujita, President and Representative Director

Established

April 26,1990

Share Capital

484 million yen

Major BusinessSensor devices assemble equipment, energy-related manufacturing equipment,
flat panel display module assemble equipment and other automated manufacturing equipment

HAGIWARA HOKUTO TECHNO CO., LTD.
Name of Company
Location
Representative

HAGIWARA HOKUTO TECHNO CO., LTD.
Takaoka Park Building, 2-2-1 Higashi Sakura, Higashi-ku, Nagoya-shi, Aichi
Atsunori Shigenobu, President and Representative Director

Established

April 2, 2018

Share Capital

45 million yen

Equity ownership
ratio

HAGIWARA ELECTRONICS CO., LTD.: 66.56%
Hokuto System Co., Ltd.: 33.44%

Major Business

Consignment and services related to in-vehicle software verification and development

Copyright (c) HAGIWARA ELECTRIC HOLDINGS CO., LTD. All Rights Reserved.

13

Copyright (c) HAGIWARA ELECTRIC CO., LTD. All Rights Reserved.

Contact
HAGIWARA ELECTRIC HOLDINGS CO., LTD.
Corporate Planning Department
Phone: +81-52-931-3553
FAX: +81-52-935-7610
E-mail: ir@hagiwara.co.jp
https://www.hagiwara.co.jp/english/