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, 2016
(Based on Japanese GAAP)
October 27, 2016
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 10, 2016

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

December 1, 2016
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, 2016 (from April 1, 2016 to September 30, 2016)(1) Consolidated operating results (cumulative)
Net sales
Six months ended September 30, 2016
Six months ended September 30, 2015

Millions of yen
49,292
46,368Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen%
6.3
3,844
(4.5)
4,031
(2.7)
2,342
0.5
2.7
4,024
27.7
4,141
22.8
2,331
21.5

Earnings per share

Diluted earnings per shareYen
123.25132.00Six months ended September 30, 2016
Six months ended September 30, 2015

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2016
As of March 31, 2016

Net assets

Millions of yen
107,714105,952

Equity ratio

Millions of yen
50,23647,885

%
41.2
39.9

2. Cash dividends
Annual dividends per share

Year ended March 31, 2016
Year ending March 31, 2017

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
12.50
20.00

Yen–

Yen
15.00

Yen
27.50

–

20.00

40.00

Year ending March 31, 2017 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2017 (from April 1, 2016 to March 31, 2017)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating income
Ordinary income
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
101,000
6.1
8,800
8.5
9,000
8.1
5,000
5.8
263.081

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2016(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, 2016

19,012,000 shares As of March 31, 2016

19,012,000 shares

Number of treasury shares at the end of the period
As of September 30, 2016

6,382 shares As of March 31, 2016

6,342 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2016

19,005,650 shares Six months ended September 30, 2015

2

17,663,641 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As ofAssets
Current assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Supplies
OtherAllowance for doubtful accounts

March 31, 2016

As of September 30, 2016

5,028
12,907
2
90
2,061
(31)

6,978
12,7711880
1,682(31)20,05921,49929,55439,537
10,52829,59339,563
10,777

79,62079,933

Intangible assets
Investments and other assets

1,944
4,328

2,037
4,242

Total non-current assets

85,89386,214

105,952

107,714

5,812
20,650
1,663
827
40
6
5,936

5,918
19,438
1,402
880
22
6
6,403

34,93734,072

10,308
5,694
27
7,099

10,200
5,672
27
7,504

23,12923,405

Total liabilities

58,06757,477

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

6,547
6,466
29,406
(9)

6,547
6,466
31,464(9)42,411

44,468178(298)

145
(271)

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 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
OtherTotal 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(120)

(125)

5,594

5,893

47,88550,236

105,952

107,714

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Six months ended
September 30, 2015

Six months ended
September 30, 2016

Operating revenue

46,36849,292

Operating cost

41,35944,239Operating gross profit

5,009

5,052

Provision of allowance for doubtful accounts
Directors' compensations

4240

0277

Salaries and allowances
Provision for bonuses

211
33245
38

Provision for directors' bonuses
Retirement benefit expenses

2210813

Provision for directors' retirement benefits
Other6454–624

Total selling, general and administrative expenses

984

1,208

4,024

3,844

Interest income
Dividend income

024022Gain on sales of non-current assets
Subsidy income

87856
10

Electrical Sales Income
Miscellaneous income

169
124

235
146

Total non-operating income

415

471

126

114

Cost of electricity sales
Miscellaneous loss

98
72

131
38

Total non-operating expenses

298

284

4,141

4,031

Selling, general and administrative expenses

Operating income
Non-operating income

Non-operating expenses
Interest expenses

Ordinary income
Extraordinary income
Gain on sales of non-current assets–39

Gain on sales of investment securities
Gain on sales of shares of subsidiaries and associates

–
–

1945

Total extraordinary income–

105

426

Loss on transfer and closing of logistics center
Compensation for damage

––

3751

Subsidiary transfer cost–

61

Extraordinary losses
Impairment loss

4176

Profit before income taxes

Total extraordinary losses

4,137

3,960

Income taxes - current
Income taxes - deferred

1,433
18

1,270(11)Total income taxes

1,451

1,258

Profit

2,685

2,701

Profit attributable toProfit attributable to owners of parent

2,331

2,342

4

(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, 2015

September 30, 2016
353

359(10)17(28)
29

6

0

2,691

2,702

2,340
351

2,337
365

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