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 Six Months Ended September 30, 2017
(Based on Japanese GAAP)
October 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
November 9, 2017

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:

December 1, 2017
Yes

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 six months ended September 30, 2017 (from April 1, 2017 to September 30, 2017)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2017
Six months ended September 30, 2016

Millions of yen
50,21849,292

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
1.9
4,106
6.8
4,372
8.5
2,521
7.7
6.3
3,844(4.5)
4,031
(2.7)
2,342
0.5

Earnings per share

Diluted earnings per shareYen
132.69123.25Six months ended September 30, 2017
Six months ended September 30, 2016

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2017
As of March 31, 2017

Net assets

Millions of yen
111,692
109,725

Equity ratio

Millions of yen
55,59153,078

%
43.9
42.6

2. Cash dividends
Annual dividends per share

Year ended March 31, 2017
Year ending March 31, 2018

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00
22.50

Yen–

Yen
20.00

Yen
40.00

–

22.50

45.00

Year ending March 31, 2018 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
105,000
5.9
9,800
23.3
10,000
18.8
5,700
12.8
299.91

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2017(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 September 30, 201719,012,000 shares As of March 31, 201719,012,000 shares

Number of treasury shares at the end of the period
As of September 30, 2017

6,490 shares As of March 31, 2017

6,382 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2017

19,005,581 shares Six months ended September 30, 2016

219,005,650 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2017
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Supplies
Other
Allowance 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

As of September 30, 2017

9,314
12,815
19
97
1,451
(30)

8,006
13,741
18
108
1,719
(66)

23,667

23,52829,492
39,614
10,58630,47040,531
10,78079,694

81,781

2,045
4,318

2,104
4,278

86,05888,164

109,725

111,692

6,038
19,221
1,221
801
34
6
6,821

6,420
19,236
1,588
879
24–
6,603

34,14634,751

9,000
5,656427,801

7,859
5,743
42
7,703

22,50021,349Total liabilities

56,647

56,101

Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares

6,547
6,466
33,794
(9)

6,547
6,466
35,936(9)

46,79948,940

251
(264)

291
(240)

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 fund
Other
Total non-current liabilities

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(12)

51

6,291

6,599

53,07855,591

109,725

111,692

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Six months ended
September 30, 2016

Six months ended
September 30, 2017

Operating revenue

49,29250,218Operating cost

44,23944,837

Operating gross profit

5,052

5,380

Provision of allowance for doubtful accounts
Directors' compensations

0277

36
294

Salaries and allowances
Provision for bonuses

245
38

244
40

Provision for directors' bonuses
Retirement benefit expenses

813

21
11

Other

624

625

1,208

1,274

3,844

4,106

00

Dividend income
Gain on sales of non-current assets

2256

2372

Subsidy income
Electrical Sales Income

10235

47244

Miscellaneous income

146

149

Total non-operating income

471

537

114
131

101
127

Selling, general and administrative expenses

Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest income

Non-operating expenses
Interest expenses
Cost of electricity sales
Miscellaneous loss

38

42

Total non-operating expenses

284

271

4,031

4,372

Gain on sales of non-current assets
Gain on sales of investment securities

3919–
–

Gain on sales of shares of subsidiaries and associates

45–

Total extraordinary income

105–

Loss on retirement of non-current assets
Impairment loss–
2610–

Loss on transfer and closing of logistics center
Compensation for damage

3751

95–

Subsidiary transfer cost

61–

Ordinary profit
Extraordinary income

Extraordinary losses

176

106

Profit before income taxes

Total extraordinary losses

3,960

4,265

Income taxes - current
Income taxes - deferred

1,270(11)1,438(61)Total income taxes

1,258

1,376

Profit

2,701

2,888

Profit attributable toProfit attributable to owners of parent

2,342

2,5214

(Millions of yen)

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
Comprehensive income

Six months ended

Six months ended

September 30, 2016

September 30, 2017
359

367(28)
2945
31

077

2,702

2,965

2,337
365

2,586
379

Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests5