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 Nine Months Ended December 31, 2016
(Based on Japanese GAAP)
January 27, 2017
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:

Rikiya Yamada
February 13, 2017

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

Holding of quarterly financial results meeting:

No

TEL

053-444-0054(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2016 (from April 1, 2016 to December 31, 2016)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended December 31, 2016
Nine months ended December 31, 2015

Millions of yen
75,24771,747

Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
4.9
6,276
(3.1)
6,631
0.1
3,882
4.4
3.1
6,476
21.6
6,625
18.3
3,720
19.0

Earnings per share

Diluted earnings per shareYen
204.26205.39Nine months ended December 31, 2016
Nine months ended December 31, 2015

Yen––(2) Consolidated financial position
Total assets
As of December 31, 2016
As of March 31, 2016

Net assets

Millions of yen
109,048
105,952

Equity ratio

Millions of yen
51,72647,885

%
41.8
39.9

2. Cash dividends
Annual dividends per share

Year ended March 31, 2016
Year ending March 31, 2017

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
12.50
20.00

Yen––

Yen
15.00

Yen
27.50

20.00

40.00

Year ending March 31, 2017 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
Percentages indicate year-on-year changes
Profit attributable toNet salesOperating income
Ordinary income
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
101,000
6.1
8,800
8.5
9,000
8.1
5,000
5.8
263.0814. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2016(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:

Yes
No

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 December 31, 2016

19,012,000 shares As of March 31, 2016

19,012,000 shares

Number of treasury shares at the end of the period
As of December 31, 2016

6,382 shares As of March 31, 2016

6,342 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2016

19,005,639 shares Nine months ended December 31, 2015

2

18,112,607 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2016
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Reserve for loss on dissolution of employee's pension fund
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Net defined benefit liability
Reserve for loss on dissolution of employee's pension fundOther
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares
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

As of December 31, 2016

5,028
12,907
2
90
2,061
(31)
20,0597,546
13,721
15
101
1,398
(34)
22,74929,55439,537
10,52879,620
1,944
4,328
85,893105,952

29,912
39,614
10,41879,945
2,001
4,351
86,298109,048

5,812
20,650
1,663
827
40
6
5,936
34,937

6,485
19,497
562
441
33
6
7,341
34,36910,308
5,694
27
7,099
23,12958,067

9,601
5,675
42
7,631
22,951
57,321

6,547
6,466
29,406(9)42,411

6,547
6,466
32,623(9)45,628

178
(298)
(120)
5,594
47,885
105,952

238
(260)
(21)
6,120
51,726109,048

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)
Nine months ended
December 31, 2015

Nine months ended
December 31, 2016

Operating revenue
Operating cost

71,74763,75875,247
67,192

Operating gross profit

7,988

8,054

12373
321
27
33
15
6722

3420
363
42
20
19–
908

Selling, general and administrative expenses
Provision of allowance for doubtful accounts
Directors' compensations
Salaries and allowances
Provision for bonuses
Provision for directors' bonuses
Retirement benefit expenses
Provision for directors' retirement benefits
Other
Total selling, general and administrative expensesOperating income
Non-operating income
Interest income
Dividend income
Gain on sales of non-current assets
Subsidy income
Electrical Sales Income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expenses
Cost of electricity sales
Miscellaneous loss
Total non-operating expenses

1,511

1,778

6,476

6,276

1
30
138
17
226
181

0
28
80
154
303
216

595

785

192
151
102

168
197
63

446

429

6,625

6,631

–
––

39
19
45

–

105

15
4
–
––

–
26
45
51
61

19184

Profit before income taxes

6,605

6,551

Income taxes - current
Income taxes - deferred

2,091
207

1,857
221

Total income taxes

2,299

2,078

Profit

4,306

4,473

Profit attributable toProfit attributable to owners of parent
Profit attributable to non-controlling interests

3,720
586

3,882591

Ordinary income
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Gain on sales of shares of subsidiaries and associates
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Impairment loss
Loss on transfer and closing of logistics center
Compensation for damage
Subsidiary transfer cost
Total extraordinary losses

4

(Millions of yen)

Other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax

Nine months ended

Nine months ended

December 31, 2015

December 31, 2016
(0)30

Total other comprehensive income

10144

29

145

Comprehensive income

4,335

4,619

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

3,745
590

3,980
639

5