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, 2022
(Based on Japanese GAAP)
October 28, 2022
Company name:
HAMAKYOREX CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

9037
President

URL

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

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

Yoshiyuki Takeuchi
November 10, 2022

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

December 1, 2022
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, 2022 (from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2022
Six months ended September 30, 2021

Millions of yen
64,962
61,267

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
6.0
5,628
2.2
6,090
5.7
3,664
8.1
6.2
5,504
12.5
5,764
12.8
3,389
7.5

Earnings per share

Diluted earnings per share

Yen
195.03180.40Six months ended September 30, 2022
Six months ended September 30, 2021

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2022
As of March 31, 2022

Net assets

Millions of yen
139,879
135,672

Equity ratio

Millions of yen
84,744
81,592

%
53.2
52.7

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
40.00
45.00

Yen–

Yen
45.00

Yen
85.00

–

45.00

90.00

Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
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
132,000
5.5
11,900
7.1
12,400
3.7
7,300
2.6
388.561

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(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, 2022

19,012,000 shares As of March 31, 2022

19,012,000 shares

Number of treasury shares at the end of the period
As of September 30, 2022

224,789 shares As of March 31, 2022

224,751 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2022

18,787,234 shares Six months ended September 30, 2021

218,787,284 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022

As of September 30, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

19,604
15,11821,63015,426

2
182

2
154

Other
Allowance for doubtful accounts

3,570
(33)

3,742
(35)

Total current assets

38,44540,921

Buildings and structures, net
Land32,08645,04033,71545,984

Other, net

10,706

9,476

Total property, plant and equipment

87,832

89,177

Intangible assets

2,938

2,805

Investments and other assets

6,456

6,974

Merchandise
Supplies

Non-current assets
Property, plant and equipment

Total non-current assets

97,227

98,957

135,672

139,879

Notes and accounts payable - trade
Short-term borrowings

7,316
16,831

7,015
17,201

Income taxes payable
Provision for bonuses

1,803
1,288

2,073
1,362

Reserve for loss on dissolution of employee's pension fund
Other

49
8,354

44
8,270

Total current liabilities

35,64435,967

Non-current liabilities
Long-term borrowings

Total assets
Liabilities
Current liabilities

5,866

5,645

Retirement benefit liability
Reserve for loss on dissolution of employee's pension fund

5,862
76

5,892
52

Other

6,629

7,576

Total non-current liabilities

18,435

19,16754,07955,134

Total liabilities

3

(Millions of yen)
As of March 31, 2022

As of September 30, 2022

Net assets
Shareholders' equity
Share capital

6,547

6,547

Capital surplus
Retained earnings

6,445
59,046

6,445
61,865

Treasury shares

(643)

(643)

71,39574,214

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans

216
(54)

192
(39)

Total accumulated other comprehensive income

162

152

10,034

10,377

Total shareholders' equity
Accumulated other comprehensive income

Non-controlling interests
Total net assets
Total liabilities and net assets

481,592

84,744

135,672

139,879

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Six months ended
September 30, 2021

Six months ended
September 30, 2022

Operating revenue

61,26764,962

Operating costs

53,96457,313Operating gross profit

7,302

7,649

Provision of allowance for doubtful accounts
Remuneration for directors (and other officers)

(0)
403

1427

Salaries and allowances
Provision for bonuses

425
67

456
66

Retirement benefit expenses
Other21880

33
1,035

1,798

2,021

5,504

5,628

Interest income
Dividend income

039044Gain on sale of non-current assets
Subsidy income

57
219774

Electricity sale income
Miscellaneous income

220
156

223
249

Total non-operating income

496

689

Selling, general and administrative expenses

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

Non-operating expenses
Interest expenses

72

71

Cost of electricity sales
Miscellaneous losses

113
50

110
45

Total non-operating expenses

236

227

5,764

6,090

Gain on bargain purchase–105

Total extraordinary income–

105

Ordinary profit
Extraordinary income5(Millions of yen)

Extraordinary losses
Loss on transfer and closing of logistics center
Loss on valuation of shares of subsidiaries and associates
Total extraordinary losses

Six months ended

Six months ended

September 30, 2021

September 30, 2022
1610–

76

1687

Profit before income taxes

5,748

6,109

Income taxes - current
Income taxes - deferred

1,832
35

1,958
(13)

Total income taxes

1,867

1,945

Profit

3,880

4,164

Profit attributable toProfit attributable to owners of parent

3,389

3,664

491

499Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax(24)
15(24)
19

Total other comprehensive income

(8)

(5)

3,872

4,158

3,387
484

3,654
503

Profit attributable to non-controlling interests
Other comprehensive income

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests6