Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2020
(Based on Japanese GAAP)
July 30, 2020
Company name:
HAMAKYOREX CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9037
President

URL

http://www.hamakyorex.co.jp
Hidenori Osuka

Inquiries:
Executive officer
Scheduled date to file Quarterly Securities Report:

Yoshiyuki Takeuchi
August 12, 2020

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

053-444-0054(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2020 (from April 1, 2020 to June 30, 2020)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2020Three months ended June 30, 2019

Millions of yen28,637
29,692Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
(3.6)
2,367(5.0)
2,490(5.8)
1,538
0.7
10.5
2,491
7.7
2,644
8.4
1,528
5.4

Earnings per share

Diluted earnings per share

Yen
81.52
80.40

Three months ended June 30, 2020Three months ended June 30, 2019

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2020
As of March 31, 2020

Net assets

Millions of yen
122,613
122,773

Equity ratio

Millions of yen
70,23369,824%50.3
49.9

2. Cash dividends
Annual dividends per share

Year ended March 31, 2020
Year ending March 31, 2021

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
35.00

Yen–

Yen
35.00

Yen
70.00

35.00

–

35.00

70.00

Year ending March 31, 2021 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profitOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
121,000(1.2)
10,000(1.9)
10,300(3.0)
6,000(3.7)
315.7014. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2020(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2020

19,012,000 shares As of March 31, 2020

19,012,000 shares

Number of treasury shares at the end of the period
As of June 30, 2020

199,915 shares As of March 31, 2020

18,515 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2020

18,876,965 shares Three months ended June 30, 20192

19,005,318 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Supplies
OtherAllowance for doubtful accounts

As of June 30, 2020

16,143
14,5525172
1,039(41)

15,56914,252
3184
1,523
(38)

31,872

31,495

29,11642,178
11,136

28,681
42,17911,65282,431

82,513

Intangible assets
Investments and other assets

2,632
5,836

2,575
6,029

Total non-current assets

90,90091,118

122,773

122,613

7,039
16,563
1,818
1,153
49
7,560

6,421
16,583
975
194
49
9,725

34,18433,950

5,462
5,997
175
7,129

5,169
5,996
162
7,100

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netLand
Other, net
Total property, plant and equipment

Total assets
LiabilitiesCurrent liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Reserve for loss on dissolution of employee's pension fund
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Reserve for loss on dissolution of employee's pension fundOther

18,764

18,429Total liabilities

Total non-current liabilities

52,94852,380Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

6,547
6,445
48,373
(40)

6,547
6,445
49,247(565)

61,32561,674120(129)

107(118)

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

3(9)

(10)

8,508

8,570

69,824

70,233

122,773

122,613

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Three months ended
June 30, 2019

Three months ended
June 30, 2020

Operating revenue
Operating costs

29,692
26,27828,63725,441

Operating gross profit

3,414

3,196

2
172
172
33
8532
922(3)
182
178
34
9427
828

2,491

2,367

0
32
25
2
119
94

0
29
171
123
76

275

249

38
59
23

38
57
29

122

125

2,644

2,490

––

139
158

Selling, general and administrative expenses
Provision of allowance for doubtful accounts
Remuneration for directors (and other officers)
Salaries and allowances
Provision for bonuses
Retirement benefit expenses
Other
Total selling, general and administrative expenses
Operating profitNon-operating income
Interest income
Dividend income
Gain on sales of non-current assets
Subsidy income
Electricity sale income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Cost of electricity sales
Miscellaneous loss
Total non-operating expenses
Ordinary profit
Extraordinary income
Subsidy income related to COVID-19
Gain on sales of investment securities
Total extraordinary income–

298

Extraordinary losses
Loss related to COVID-19–

185

Total extraordinary losses

–

185

2,644
896
(28)

2,603
967(96)

867

870

1,777

1,732

1,528
249

1,538
193(77)25(8)14(52)

5

Comprehensive income

1,725

1,738

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

1,474
250

1,537
200

Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests
Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income

4