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 December 31, 2015
(Based on Japanese GAAP)
February 5, 2016
Company name:T. HASEGAWA CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

4958
URLPresident & COO

http://www.t-hasegawa.co.jp/Takahiko Kondo

Inquiries:
Director, Deputy President & CFO
Scheduled date to file Quarterly Securities Report:

Takao Umino
February 12, 2016

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:–No

Holding of quarterly financial results meeting:

NoTEL

03-3241-1151(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended December 31, 2015 (from October 1, 2015 to December 31, 2015)(1) Consolidated operating results (cumulative)
Net sales
Three months ended December 31, 2015
Three months ended December 31, 2014
Note: Comprehensive income

Millions of yen
11,20910,430Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
7.5
906
63.4
907
12.2
713
29.3(3.5)554 (46.0)
809 (34.9)552 (34.8)

Three months ended December 31, 2015

¥1,724 million [(32.6) %]Three months ended December 31, 2014

¥2,558 million [26.2 %]Earnings per share

Diluted earnings per share

Yen
16.82
13.29

Three months ended December 31, 2015
Three months ended December 31, 2014

Yen––(2) Consolidated financial position
Total assets
Millions of yen
101,266
101,604

As of December 31, 2015
As of September 30, 2015
Reference: Equity

Net assets

Equity ratio

Millions of yen
80,52479,436

As of December 31, 2015

¥80,524 million

As of September 30, 2015

¥79,436 million

%
79.5
78.2

2. Cash dividends
Annual dividends per share

Year ended September 30, 2015
Year ending September 30, 2016
Year ending September 30, 2016
(Forecast)

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
15.00

Yen–

Yen
15.00

Yen
30.00

15.00

–

15.00

30.00

Note: Revision of cash dividend forecast most recently announced: No1Total

3. Forecast of consolidated financial results for the year ending September 30, 2016 (from October 1, 2015 to September 30, 2016)

Net sales
Millions of yen
Six months ending
March 31, 2016
Full year

Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen

23,2006.0

1,690(3.8)

1,810(14.9)

1,190

1.1

28.05

49,430

4.7

4,380

0.6

4,640(4.4)

3,070

0.9

72.36

Note: Revision of consolidated financial results forecast most recently announced: No
4. Notes(1) Changes in significant subsidiaries during the three months ended December 31, 2015(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:

Yes(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 December 31, 2015

42,708,154 shares As of September 30, 2015

42,708,154 shares

Number of treasury shares at the end of the period
As of December 31, 2015

281,069 shares As of September 30, 2015

281,069 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended December 31, 2015

42,427,085 shares Three months ended December 31, 2014

41,527,575 shares* Indication regarding execution of quarterly review proceduresThis quarterly financial results report is exempt from the review procedures in accordance with the Financial Instruments and Exchange Act. At
the time of disclosure of this quarterly financial results report, the review procedures for quarterly financial statements in accordance with theFinancial Instruments and Exchange Act have not been completed.
* Proper use of forecasts of financial results, and other special matters
The forward-looking statements, including the earnings forecasts, shown in this document are based on information currently available to theCompany and on certain assumptions deemed to be reasonable. These statements do not purport that the Company pledges to realize suchstatements. Actual results may differ substantially due to various factors.

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Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of September 30, 2015

As of December 31, 2015

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

9,674
16,3899,650
15,612

Securities
Merchandise and finished goods

10,999
5,917

9,999
6,123

Work in process
Raw materials and supplies

154
5,276

92
5,551

Other
Allowance for doubtful accounts

1,338
(4)

1,282(4)Total current assets

49,74448,308

Buildings and structures, net
Other, net

17,517
15,097

17,082
14,841

Total property, plant and equipment

32,61431,923

Non-current assets
Property, plant and equipment

Intangible assets
Goodwill

1,319

1,339

Other

1,220

1,225

Total intangible assets

2,540

2,564

Investment securities
Net defined benefit asset

15,742
6

17,5207

Other
Allowance for doubtful accounts

1,016
(60)

1,002
(59)

Total investments and other assets

16,705

18,47051,86052,958

101,604

101,266

5,896

6,118

5863

23
521

Provision for bonuses
Provision for directors' bonuses

1,054
36

251
–

Asset retirement obligations
Other

78
4,172

78
3,180

Total current liabilities

12,107

10,174

Investments and other assets

Total non-current assets
Total assets
Liabilities
Current liabilities
Notes and accounts payable - trade
Current portion of long-term loans payable
Income taxes payableNon-current liabilities
Long-term loans payable

151

133

Deferred tax liabilities
Net defined benefit liability

2,237
6,490

2,834
6,416

Provision for directors' retirement benefits
Asset retirement obligations

1,066
69

–69

–
46

1,063
51

10,061

10,56822,16820,742Long-term accounts payable - otherOther
Total non-current liabilitiesTotal liabilities

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(Millions of yen)
As of September 30, 2015

As of December 31, 2015

Net assets
Shareholders' equity
Capital stock

5,364

5,364

Capital surplus
Retained earnings

7,292
57,173

7,292
57,251

Treasury shares

(321)

(321)

69,50969,586

8,404
1,817

9,667
1,555

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

(295)

(285)

Total accumulated other comprehensive income

9,926

10,938Total net assets
Total liabilities and net assets

479,436

80,524

101,604

101,266

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended

Three months ended

December 31, 2014

December 31, 2015

Net sales
Cost of sales

10,430
6,775

11,2097,071

Gross profit

3,654

4,137

Selling, general and administrative expenses

3,100

3,231

554

906

Interest income
Dividend income

1526

728

Foreign exchange gains
Other216
19–20Total non-operating income

278

56

02Rent expenses on facilities
Foreign exchange losses

22–

2225

Other14

Operating income
Non-operating income

Non-operating expenses
Interest expenses

Total non-operating expenses

2454

809

907–

142

–

142

4

5

4

5

Income before income taxes and minority interests

804

1,044

Income taxes

252

331

Profit552

713

Profit attributable to owners of parent

552

713

Ordinary income
Extraordinary income
Gain on sales of investment securities
Total extraordinary income
Extraordinary losses
Loss on abandonment of non-current assets
Total extraordinary losses

5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

December 31, 2014

December 31, 2015
552

713

Valuation difference on available-for-sale securities
Foreign currency translation adjustment

678
1,319

1,263
(262)

Remeasurements of defined benefit plans, net of tax

99

2,006

1,011

Comprehensive income

Total other comprehensive income

2,558

1,724

Comprehensive income attributable toComprehensive income attributable to owners of parent

2,558

1,724––

Comprehensive income attributable to non-controllinginterests

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Segment Information
1. Three months ended December 31, 2014 (from October 1, 2014 to December 31, 2014)(1) Net sales and income or loss by reporting segment(Millions of yen)
Reporting segment
Japan

Asia

USA

Total

Adjustment(Note 1)

Consolidated(Note 2)

Net sales
Sales to external customers
Inter-segment sales or transfers

8,216
104

1,676
25

537
23

10,430
153

－
(153)

10,430
－

Total

8,320

1,702

560

10,584(153)

10,430

544

379

(79)

845(35)809

Segment income or lossNotes
1. The adjustments on segment income or loss of (¥35) million include (¥19) million adjustments of inventories related tointer-segment transactions, (¥16) million foreign currency translation related to inter-segment asset and liability eliminations and(¥0) million for others.
2. Segment income or loss is adjusted to ordinary income of consolidated quarterly statements of income.
(2) Information regarding the assets by reporting segment
Peresscol Sdn.Bhd. has become a wholly owned subsidiary by acquisition of all the outstanding shares, which is included in the scopeof consolidation for the three months ended December 31, 2014. Due to this, the amount of assets of Asia segment listed at the end of
the three months ended December 31, 2014 increased by ¥3,772 million when compared to the previous year.
(3) Information regarding impairment loss of non-current assets, goodwill, etc. by reporting segment(Significant change in the amount of goodwill)
Peresscol Sdn.Bhd. has become a wholly owned subsidiary by acquisition of all the outstanding shares, which is included in the scopeof consolidation in Asia segment. Increased amount of goodwill by the said event is ¥1,822 million for the three months ended
December 31, 2014.
2. Three months ended December 31, 2015 (from October 1, 2015 to December 31, 2015)
Net sales and income or loss by reporting segment(Millions of yen)
Reporting segment
Japan

Asia

USA

Net sales
Sales to external customers
Inter-segment sales or transfers

8,568
164

1,851
88

Total

8,732
755

Segment income or loss

Total

Adjustment(Note 1)

Consolidated(Note 2)789
19

11,209272－(272)

11,209－

1,939

809

11,482(272)

11,209190(24)

920

(12)

907

Notes
1. The adjustments on segment income or loss of (¥12) million include ¥2 million adjustments of inventories related tointer-segment transactions, (¥15) million foreign currency translation related to inter-segment asset and liability eliminations and(¥0) million for others.
2. Segment income or loss is adjusted to ordinary income of consolidated quarterly statements of income.

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