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 Nine Months Ended June 30, 2019
(Based on Japanese GAAP)
August 2, 2019
Company name:T. HASEGAWA CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

4958
URL
President & COO

http://www.t-hasegawa.co.jp/Takao Umino

Inquiries:
Director & Executive Vice PresidentScheduled date to file Quarterly Securities Report:

Minoru Nakamura
August 9, 2019

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 nine months ended June 30, 2019 (from October 1, 2018 to June 30, 2019)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended June 30, 2019
Nine months ended June 30, 2018
Note: Comprehensive income

Millions of yen
37,71836,862

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen%
2.3
3,853(0.9)
4,174(0.2)
3,043
1.8
4.2
3,888 (11.1)
4,181 (11.7)
2,990 (10.0)

Nine months ended June 30, 2019
Nine months ended June 30, 2018¥(279) million [–%]
¥6,751 million [(9.1)%]

Earnings per share

Diluted earnings per share

Yen
73.08
70.48

Nine months ended June 30, 2019Nine months ended June 30, 2018

Yen
72.88
70.34

(2) Consolidated financial position
Total assets
Millions of yen
113,663
118,690

As of June 30, 2019
As of September 30, 2018
Reference: Equity

Net assets

As of June 30, 2019
As of September 30, 2018

Equity ratio

Millions of yen
91,317
94,582

%
80.2
79.6

¥91,137 million¥94,432 million

Note: The Company has applied the “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement No. 28,
February 16, 2018) and relevant Guidances effective from the beginning of the first quarter of the fiscal year ending September 30, 2019.
Accordingly, the financial indicators, etc. in the consolidated financial position as of September 30, 2018 are those after retrospective applicationof the standard and guidances.
2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
17.00
17.00

Yen––

Yen
18.00

Yen
35.00

18.00

35.00

Year ended September 30, 2018Year ending September 30, 2019Year ending September 30, 2019
(Forecast)
Note: Revision of cash dividend forecast most recently announced: No1Total3. Forecast of consolidated financial results for the year ending September 30, 2019 (from October 1, 2018 to September 30, 2019)

Net sales

Full year

Millions of yen
52,200Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen
4.9
5,500
8.7
5,900
7.0
4,300
4.9
103.39Note: Revision of consolidated financial results forecast most recently announced: No
4. Notes(1) Changes in significant subsidiaries during the nine months ended June 30, 2019(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:NoYes(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 June 30, 201942,708,154 shares As of September 30, 2018

42,708,154 shares

Number of treasury shares at the end of the period
As of June 30, 2019

1,257,155 shares As of September 30, 2018

270,025 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended June 30, 2019

41,647,144 shares Nine months ended June 30, 2018

42,434,727 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
* Proper use of forecasts of financial results, and other special matters(Caution regarding forward-looking statements)
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.

2Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of September 30, 2018

As of June 30, 2019

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

12,121
17,141

12,185
17,664

Securities
Merchandise and finished goods

6,999
7,086

5,999
7,444

Work in process
Raw materials and supplies

111
7,304

157
7,530

980
(5)

942
(33)

51,74051,891

Buildings and structures, net
Other, net

17,155
13,45916,227
13,023

Total property, plant and equipment

30,61529,251Other
Allowance for doubtful accountsTotal current assets
Non-current assets
Property, plant and equipment

Intangible assets
Goodwill

3,480

2,990

Other

3,803

3,485

Total intangible assets

7,283

6,476

Investment securities
Net defined benefit asset

28,071
21

25,092
22

Other
Allowance for doubtful accounts

1,007
(49)

974
(45)

Total investments and other assets

29,051

26,043

66,95061,771

118,690

113,663

5,280

5,482

0663

0
492

1,299
63

479
–

Other

3,357

3,220

Total current liabilities

10,664

9,676

Long-term loans payable
Deferred tax liabilities1
5,553

0
4,656

Net defined benefit liability
Asset retirement obligations

6,826
68

6,985
68

914
80

892
67

13,443

12,66924,10822,345Investments 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 payable
Provision for bonuses
Provision for directors' bonuses

Non-current liabilities

Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities

3

(Millions of yen)
As of September 30, 2018

As of June 30, 2019

Net assets
Shareholders' equity
Capital stock

5,364

5,364

Capital surplus
Retained earnings

7,295
64,917

7,297
66,490Treasury shares(309)(1,855)77,26877,296

17,253261

15,166(1,012)

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets

4(350)(312)

17,164

13,840149

180

94,582

91,317

118,690

113,663

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

Nine months ended

June 30, 2018

June 30, 2019

Net sales
Cost of sales

36,862
22,63737,71823,272Gross profit

14,225

14,446

Selling, general and administrative expenses

10,336

10,592

Operating profit

3,888

3,853

Interest income
Dividend income

46184

63203

Other92

88

Total non-operating income

324

355026026

Non-operating income

Non-operating expenses
Interest expenses
Foreign exchange losses
Other48

Total non-operating expenses

3134

4,181

4,174

63–63–

40

49

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

4049

Profit before income taxes

Total extraordinary losses

4,204

4,125

Income taxes

1,214

1,081

Profit

2,990

3,043

Profit attributable to owners of parent

2,990

3,043

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

June 30, 2018

June 30, 2019
2,990

3,043

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

4,071
(336)

(2,086)(1,273)Remeasurements of defined benefit plans, net of tax

2537

3,760

(3,323)Comprehensive income

Total other comprehensive income

6,751

(279)

Comprehensive income attributable toComprehensive income attributable to owners of parent

6,751

(279)

––

Comprehensive income attributable to non-controllinginterests

6Segment Information
1. Nine months ended June 30, 2018 (from October 1, 2017 to June 30, 2018)
Net sales and income or loss by reporting segment(Millions of yen)
Reporting segment
JapanAsia

USA

Total

Adjustment(Note 1)

Consolidated(Note 2)

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

26,786
646

6,035
322

4,041
75

36,862
1,045－(1,045)36,862－

Total

27,433

6,357

4,117

37,908(1,045)36,862

Segment profit

3,161

570

179

3,911(22)

3,888

Notes
1. The adjustments on segment profit of negative 22 million yen include 40 million yen adjustments of elimination of internaltransactions between segments and negative 63 million yen adjustments of inventories related to inter-segment transactions,and 0 million yen for others.
2. Segment profit is adjusted to operating income of consolidated quarterly statements of income.
2. Nine months ended June 30, 2019 (from October 1, 2018 to June 30, 2019)
Net sales and income or loss by reporting segment(Millions of yen)
Reporting segment
JapanAsiaUSA

TotalAdjustment(Note 1)

Consolidated(Note 2)

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

27,668
554

5,742
156

4,307
105

37,718
815

－
(815)

37,718－

Total

28,222

5,898

4,412

38,534(815)

37,718Segment profit

3,368

348

70

3,787

66

3,853

Notes
1. The adjustments on segment profit of 66 million yen include 52 million yen adjustments of elimination of internal transactions
between segments and 13million yen adjustments of inventories related to inter-segment transactions, and 0 million yen forothers.
2. Segment profit is adjusted to operating income of consolidated quarterly statements of income.

7