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, 2023
(Based on Japanese GAAP)
July 27, 2023
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
August 9, 2023

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, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2023
Three months ended June 30, 2022

Millions of yen33,092
32,547

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
1.7
2,946
2.0
3,187
0.5
1,910
(2.5)
6.3
2,888
(0.9)
3,172
3.3
1,958
8.8

Earnings per share

Diluted earnings per share

Yen
101.71104.27

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2023
As of March 31, 2023

Net assets

Millions of yen
147,256
143,038

Equity ratio

Millions of yen
89,45888,149%53.3
54.1

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
45.00

Yen–

Yen
50.00

Yen
95.00

50.00

–

50.00

100.00Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
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
139,000
5.4
12,1004.8
12,800
4.0
7,700
4.0
409.851

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(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, 2023

19,012,000 shares As of March 31, 2023

19,012,000 shares

Number of treasury shares at the end of the period
As of June 30, 2023

224,822 shares As of March 31, 2023

224,789 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023

18,787,195 shares Three months ended June 30, 2022

2

18,787,249 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets
MerchandiseSupplies
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
Total assets
Liabilities
Current 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 fund
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
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 June 30, 2023

25,23815,652
3
137
4,513
(35)
45,50923,838
16,212
59
147
4,954
(40)
45,172

32,63845,9849,121
87,7442,654
7,12997,528
143,038

33,37547,897
10,303
91,575
3,016
7,491
102,084
147,256

7,371
17,031
2,339
1,351
49
8,452
36,595

7,329
17,512
1,187
982
49
10,38437,445

4,669
5,868
27
7,727
18,29254,888

6,466
6,030
15
7,839
20,352
57,7986,547
6,445
64,756(643)
77,1056,547
6,445
65,728(643)
78,076266
7273
10,77088,149143,038353
14
367
11,01389,458147,256Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Three months ended
June 30, 2022

Three months ended
June 30, 2023

Operating revenue

32,54733,092

Operating costs

28,63329,052

Operating gross profit

3,913

4,040

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

1219

1216

Salaries and allowances
Provision for bonuses

229
34

227
35

Retirement benefit expenses
Other

13526

9604

1,025

1,093

2,888

2,946

Interest income
Dividend income

040

061

Gain on sale of non-current assets
Subsidy income

6469

50
23

Electricity sale income
Miscellaneous income

114113109102

Total non-operating income

402

346

Selling, general and administrative expenses

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

Non-operating expenses
Interest expenses

3531

Cost of electricity sales
Miscellaneous losses

55
2751
23

Total non-operating expenses

117

106

3,172

3,187

Extraordinary income
Gain on bargain purchase105–

Total extraordinary income

105–

Profit before income taxes

3,278

3,187

Income taxes - current

1,157

1,163

Income taxes - deferred

(111)

(118)

Total income taxes

1,045

1,045

Profit

2,233

2,142

1,958
274

1,910
231

792

Ordinary profit

Profit 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

97

Total other comprehensive income

17100

Comprehensive income

2,250

2,242

Comprehensive income attributable toComprehensive income attributable to owners of parent

1,972

2,004

277

237

Comprehensive income attributable to non-controlling interests4