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, 2020
(Based on Japanese GAAP)
October 28, 2020
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 10, 2020

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

December 1, 2020
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, 2020 (from April 1, 2020 to September 30, 2020)(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes
Profit attributable toOperating profitOrdinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
(4.4)
4,894
(3.6)
5,111
(4.1)
3,154
2.7
12.4
5,075
12.6
5,329
12.8
3,072
8.4

Net sales
Six months ended September 30, 2020
Six months ended September 30, 2019

Millions of yen
57,67560,314

Earnings per share

Diluted earnings per share

Yen
167.47161.66Six months ended September 30, 2020
Six months ended September 30, 2019

Yen––

(2) Consolidated financial position
Total assets
As of September 30, 2020
As of March 31, 2020

Net assets

Millions of yen
123,931
122,773

Equity ratio

Millions of yen
72,03869,824

%
51.0
49.9

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2020

Yen–Yen
35.00

Yen–

Yen
35.00

Yen
70.00

Year ending March 31, 2021

–

35.00
–

35.00

70.00

Year ending March 31, 2021 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2021 (from April 1, 2020 to March 31, 2021)
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(1.2)
10,000(1.9)
10,300(3.0)
6,000(3.7)
315.7014. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2020(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:

No
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, 2020

19,012,000 shares As of March 31, 2020

19,012,000 shares

Number of treasury shares at the end of the period
As of September 30, 2020

224,553 shares As of March 31, 2020

18,515 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2020

18,834,003 shares Six months ended September 30, 2019

219,005,307 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2020
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Merchandise
Supplies
OtherAllowance for doubtful accounts

As of September 30, 2020

16,143
14,552
5
172
1,039
(41)

14,382
13,821
63
184
1,400
(37)

31,87229,815

29,11642,178
11,13629,16842,946
13,07082,431

85,185Intangible assets
Investments and other assets

2,632
5,836

2,592
6,338

Total non-current assets

90,90094,116

122,773

123,931

7,039
16,563
1,818
1,153
49
7,560

6,248
16,296
1,842
1,198
49
7,769

34,18433,403

5,462
5,997
175
7,129

5,148
5,974
150
7,215

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 fundOther

18,764

18,488

Total liabilities

Total non-current liabilities

52,94851,892

Net assets
Shareholders' equity
Share capitalCapital surplus
Retained earnings
Treasury shares

6,547
6,445
48,373
(40)

6,547
6,445
50,862(643)

61,32563,211120(129)

127(106)

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(9)

20

8,508

8,806

69,82472,038

122,773

123,931

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Six months ended
September 30, 2019

Six months ended
September 30, 2020

Operating revenue

60,31457,675

Operating costs

53,71851,177

Operating gross profit

6,596

6,498

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

0344

(4)
366

Salaries and allowances
Provision for bonuses

354
67

352
66

Retirement benefit expenses
Other16737

18804

1,520

1,603

5,075

4,894

Interest income
Dividend income

035031Gain on sales of non-current assets
Subsidy income5173412

Electricity sale income
Miscellaneous income

226
172

223
152

Total non-operating income

494

456

78

75

119
43

115
49

Selling, general and administrative expenses

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

Non-operating expenses
Interest expenses
Cost of electricity sales
Miscellaneous loss
Total non-operating expenses

240

239

5,329

5,111

Extraordinary income
Subsidy income related to COVID-19–

213

Gain on sales of investment securities–

158

Total extraordinary income

–371

–

189

Ordinary profit

Extraordinary losses
Loss related to COVID-19–

189

Profit before income taxes

Total extraordinary losses

5,329

5,293

Income taxes - current
Income taxes - deferred

1,683
41

1,729
(14)

Total income taxes

1,725

1,714

Profit

3,603

3,579

4

(Millions of yen)

Profit attributable toProfit attributable to owners of parent

Six months ended

Six months ended

September 30, 2019

September 30, 2020

3,072

3,154

531

425

Valuation difference on available-for-sale securities
Remeasurements of defined benefit plans, net of tax(87)
50

1328

Total other comprehensive income(37)

41

3,566

3,620

3,028
538

3,183
436

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 interests5