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, 2017
(Based on Japanese GAAP)
July 27, 2017
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
August 10, 2017

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, 2017 (from April 1, 2017 to June 30, 2017)(1) Consolidated operating results (cumulative)
Net sales
Three months ended June 30, 2017
Three months ended June 30, 2016

Millions of yen24,948
24,673Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
1.1
2,073
5.0
2,205
6.3
1,299
9.6
7.0
1,974
(2.2)
2,075
(1.0)
1,186
1.3

Earnings per share

Diluted earnings per share

Yen
68.38
62.42

Three months ended June 30, 2017
Three months ended June 30, 2016

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2017
As of March 31, 2017

Net assets

Millions of yen
110,115
109,725

Equity ratioMillions of yen
54,15253,078%43.4
42.6

2. Cash dividends
Annual dividends per share

Year ended March 31, 2017
Year ending March 31, 2018

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00

Yen–

Yen
20.00

Yen
40.00

22.50

–

22.50

45.00

Year ending March 31, 2018 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profitEarnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
105,000
5.9
9,800
23.3
10,000
18.8
5,700
12.8
299.91

1

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2017(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, 201719,012,000 shares As of March 31, 201719,012,000 shares

Number of treasury shares at the end of the period
As of June 30, 2017

6,423 shares As of March 31, 2017

6,382 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2017

19,005,610 shares Three months ended June 30, 2016

219,005,658 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2017

As of June 30, 2017

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

9,314
12,815

8,352
12,981

19
97

18
89

OtherAllowance for doubtful accounts

1,451(30)

1,761(31)Total current assets23,667

23,171

Buildings and structures, net
Land29,492
39,61429,56340,002Other, net

10,586

10,901

Total property, plant and equipment

79,69480,467

2,045

2,094

Merchandise
Supplies

Non-current assets
Property, plant and equipment

Intangible assets
Investments and other assets

4,318

4,382

Total non-current assets

86,05886,943

109,725

110,115

Notes and accounts payable - trade
Short-term loans payable

6,038
19,221

5,908
19,643

Income taxes payable
Provision for bonuses

1,221
801

860
514

34
614–

Other

6,821

7,111Total current liabilities

34,146

34,053Long-term loans payable
Net defined benefit liability

9,000
5,656

8,469
5,725

Reserve for loss on dissolution of employee's pension fund
Other

42
7,801

42
7,671

Total non-current liabilities

22,50021,90956,64755,962

Total assets
Liabilities
Current liabilities

Provision for directors' bonuses
Reserve for loss on dissolution of employee's pension fundNon-current liabilities

Total liabilities

3

(Millions of yen)
As of March 31, 2017

As of June 30, 2017

Net assets
Shareholders' equityCapital stock

6,547

6,547

Capital surplus
Retained earnings

6,466
33,794

6,466
34,714(9)(9)

46,79947,718

251
(264)

280
(252)

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

4(12)

28

6,291

6,405

53,07854,152

109,725

110,115

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)(Millions of yen)Three months ended
June 30, 2016

Three months ended
June 30, 2017

Operating revenue
Operating cost

24,67322,07924,94822,243Operating gross profit

2,593

2,705(0)
134
123
22(1)
6334

0
145
121
29
95319

Selling, general and administrative expenses
Provision of allowance for doubtful accounts
Directors' compensations
Salaries and allowances
Provision for bonuses
Provision for directors' bonuses
Retirement benefit expenses
Other
Total selling, general and administrative expenses
Operating profit
Non-operating income
Interest incomeDividend income
Subsidy income
Electrical Sales 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 losses
Impairment loss
Loss on transfer and closing of logistics center
Compensation for damage
Total extraordinary losses

619

631

1,974

2,073

0
213120
101

0214
126
109

246

262

58
66
20

50
64
14

145

129

2,075

2,205

26–
51–
24–

77

24

Profit before income taxes

1,998

2,181

Income taxes - current
Income taxes - deferred730(93)825(124)

Total income taxes

637

700

1,360

1,480

1,186
174

1,299
180(79)1430
15(64)

45

Comprehensive income

1,296

1,526

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

1,125
171

1,340
186

ProfitProfit 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
Total other comprehensive income5