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, 2019
(Based on Japanese GAAP)
October 28, 2019
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
November 11, 2019

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

December 2, 2019
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, 2019 (from April 1, 2019 to September 30, 2019)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2019
Six months ended September 30, 2018

Millions of yen
60,31453,662

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
12.4
5,075
12.6
5,329
12.8
3,072
8.4
6.9
4,506
9.8
4,725
8.1
2,834
12.4

Earnings per share

Diluted earnings per shareYen
161.66149.16Six months ended September 30, 2019
Six months ended September 30, 2018

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2019
As of March 31, 2019Net assets

Millions of yen
119,128
119,184

Equity ratio

Millions of yen
66,91464,614

%
49.4
47.4

2. Cash dividends
Annual dividends per share

Year ended March 31, 2019Year ending March 31, 2020

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
30.00
35.00

Yen–

Yen
35.00

Yen
65.00

–

35.00

70.00

Year ending March 31, 2020 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)
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
121,000
4.4
10,5005.9
10,800
4.2
6,200
5.0
326.22

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2019(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, 2019

19,012,000 shares As of March 31, 2019

19,012,000 shares

Number of treasury shares at the end of the period
As of September 30, 2019

6,715 shares As of March 31, 2019

6,682 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2019

19,005,307 shares Six months ended September 30, 20182

19,005,384 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2019
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
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and other officers)
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 September 30, 2019

14,80015,5495
166
1,519(230)
31,81014,731
14,8826
168
1,647(229)
31,20628,33940,514
10,74779,602
2,567
5,204
87,373
119,184

28,30140,499
11,14979,9502,636
5,333
87,921
119,128

7,765
17,687
2,108
1,083
28
49
7,817
36,5396,878
16,624
1,817
1,143
–
49
7,248
33,762

4,598
6,126
224
7,080
18,03054,570

5,139
6,069
199
7,042
18,45052,2136,547
6,466
43,469(10)56,4726,547
6,445
45,877(10)
58,858

266
(217)
48
8,093
64,614
119,184

183
(179)
4
8,051
66,914
119,128

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Six months ended
September 30, 2018

Six months ended
September 30, 2019

Operating revenue
Operating cost

53,66247,82860,31453,718Operating gross profit

5,834

6,596

Selling, general and administrative expenses
Provision of allowance for doubtful accounts
Remuneration for directors (and other officers)
Salaries and allowances
Provision for bonuses
Provision for bonuses for directors (and other officers)
Retirement benefit expenses
Other(0)319
277
541312650

0344
354
67
–16737

Total selling, general and administrative expenses

1,327

1,520

4,506

5,075

032
48
5243
145

0
35
51
7
226
172

475

494

84
122
49

78
119
43

256

240

4,725

5,329

83

–

83–

Profit before income taxes

4,808

5,329

Income taxes - current
Income taxes - deferred

1,599(67)

1,683
41

Total income taxes

1,532

1,725

Profit

3,276

3,603

2,834
441

3,072
531

5935(87)
50

Operating profit
Non-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
Gain on sales of investment securities
Total extraordinary income

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

94(37)

Comprehensive income

Total other comprehensive income

3,371

3,566

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

2,919
451

3,028
538

4