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, 2021
(Based on Japanese GAAP)
October 28, 2021
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, 2021

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

December 1, 2021
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, 2021 (from April 1, 2021 to September 30, 2021)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2021
Six months ended September 30, 2020

Millions of yen
61,26757,675Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
6.2
5,504
12.5
5,764
12.8
3,389
7.5(4.4)
4,894
(3.6)
5,111(4.1)
3,154
2.7

Earnings per share

Diluted earnings per shareYen
180.40167.47Six months ended September 30, 2021
Six months ended September 30, 2020

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2021As of March 31, 2021

Net assets

Millions of yen
132,180
129,295

Equity ratio

Millions of yen
78,23575,318

%
51.9
51.1

2. Cash dividends
Annual dividends per share

Year ended March 31, 2021
Year ending March 31, 2022

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
35.00
40.00

Yen–

Yen
40.00

Yen
75.00

–

40.00

80.00

Year ending March 31, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
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
125,000
5.2
11,000
4.1
11,500
5.4
6,750
5.0
358.831

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2021
(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 September 30, 2021

19,012,000 shares As of March 31, 2021

19,012,000 shares

Number of treasury shares at the end of the period
As of September 30, 2021

224,751 shares As of March 31, 2021

224,680 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2021

18,787,284 shares Six months ended September 30, 20202

18,834,003 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2021
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract assets
Merchandise
Supplies
Other
Allowance for doubtful accounts

As of September 30, 2021

15,732
15,076
–
2
191
2,750
(37)

17,385–
14,5552207
2,777(35)

33,71534,89230,052
44,564
11,48833,03944,495
10,401

86,10587,936

Intangible assets
Investments and other assets

2,888
6,586

2,774
6,576

Total non-current assets

95,57997,287129,295

132,180

6,965
17,214
2,211
1,219
49
7,823

6,603
16,985
1,951
1,240
49
8,101

35,482

34,930

5,586
5,928
125
6,852

6,289
5,925
101
6,697

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment

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
Other18,493

19,013

Total liabilities

Total non-current liabilities

53,97653,944

Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares

6,547
6,445
53,478
(643)

6,547
6,445
56,070(643)

65,827

68,419270(66)256(53)

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans

204

202

Non-controlling interests

Total accumulated other comprehensive income

9,287

9,613

Total net assets

75,31878,235

129,295

132,180

Total liabilities and net assets3Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Six months ended
September 30, 2020

Six months ended
September 30, 2021

Operating revenue

57,67561,267

Operating costs

51,17753,964

Operating gross profit

6,498

7,302

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

(4)
366

(0)
403

Salaries and allowances
Provision for bonuses

352
66

425
67

Retirement benefit expenses
Other18804

21880

1,603

1,798

4,894

5,504

Interest incomeDividend income

031039Gain on sale of non-current assets
Subsidy income

341257
21

Electricity sale income
Miscellaneous income

223
152

220
156

Total non-operating income

456

496

Selling, general and administrative expenses

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

Non-operating expenses
Interest expenses

75

72

Cost of electricity sales
Miscellaneous losses

115
49

113
50

Total non-operating expenses

239

236

5,111

5,764

Extraordinary income
Subsidy income related to COVID-19

213–

Gain on sale of investment securities

158–

Total extraordinary income

371

–

189
––
16

Ordinary profit

Extraordinary losses
Loss related to COVID-19
Loss on transfer and closing of logistics center

189

16

Profit before income taxes

Total extraordinary losses

5,293

5,748

Income taxes - current

1,729

1,832

Income taxes - deferred(14)35Total income taxes

1,714

1,867

Profit

3,579

3,880

3,154
425

3,389
491

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

4

(Millions of yen)Six months ended

Six months ended

September 30, 2020

September 30, 2021

Other comprehensive income
Valuation difference on available-for-sale securities

13(24)

Remeasurements of defined benefit plans, net of tax

28

1541(8)Comprehensive income

Total other comprehensive income

3,620

3,872

Comprehensive income attributable toComprehensive income attributable to owners of parent

3,183

3,387436484

Comprehensive income attributable to non-controlling interests5