Consolidated Financial Results Highlights
for the Fiscal Year Ended March 31, 2020
[Japanese GAAP]May 1, 2020
Company Name: HARIMA CHEMICALS GROUP, INC.
Code Number: 4410
(URL: www.harima.co.jp)
Stock Exchange Listing: Tokyo Stock Exchange
Representative: Yoshihiro Hasegawa, President
Contact: Kiyotaka Uetsuji, Managing Director, Accounting Section Director
Phone: +81-6-6201-2461
Scheduled date of Ordinary General Shareholders’ Meeting: June 24, 2020
Scheduled submission date of Securities Report: June 25, 2020
Scheduled date to commence dividend payments: June 25, 2020
Availability of supplementary briefing material on Financial Results: Available
Schedule of Financial Results briefing session: Not scheduled(Figures are rounded down to the nearest million yen)

1. Consolidated Financial Results for the Fiscal Year Ended March 2020 (From April 1, 2019 toMarch 31, 2020)(1) Consolidated Results of Operations(% indicates changes from the same period of the previous year)
Net sales

Operating income

Ordinary income

Net income attributable toHarima Chemicals
Group,INC
Millions of yen%
(46.3)
2,217

Millions of yen% Millions of yen% Millions of yen%
(8.6)
(19.6)(25.5)FY Ended March 31, 2020
71,7993,752
3,589
FY Ended March 31, 201978,589
7.2
4,667
16.4
4,818
20.2
4,131
51.6
(Note) Comprehensive income: FY Ended March 31, 2020: 1,693million yen [(44.3%)], FY Ended March 31, 2019: 3,043million yen [7.0%]
Fully diluted net income
per share

Return on equity

Yen%%%FY Ended March 31, 2020
87.67
−
6.3
FY Ended March 31, 2019159.02−
12.0(Reference) Equity in net income of affiliated companies FY Ended March 31, 2020: (40) million yen,
FY Ended March 31, 2019: (12) million yen

5.0
6.8

5.2
5.9

Net income per share
Yen

Return on assets

Operatingprofit on sales(2) Consolidated Financial Position
Total assets

Net assets

Equity ratio

Net assets per share%
At March 31, 2020
71,39537,74549.2
At March 31, 201972,87037,811
48.5(Reference) Equity: FY Ended March 31, 2020: 35,134 million yen, FY Ended March 31, 2019: 35,356 million yen
Millions of yen

Millions of yen

Yen

1,399.48
1,378.35(3) Consolidated Cash FlowsFY Ended March 31, 2020
FY Ended March 31, 2019

Cash flows from operating
activities

Cash flows from investing
activities

Cash flows from financing
activities

Cash and cash equivalents
at Year end

Millions of yen

Millions of yen

Millions of yen

Millions of yen

6,186
4,179

(3,463)(5,035)(2,045)
580

3,911
3,289

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2. Dividends
Annual dividend

1Q

2Q
Yen

FY Ended March 31, 2019
FY Ended March 31, 2020
FY Ending March 31,2021(Forecast)

3Q
Yen

Year end
Yen

Dividend

Dividend
payout ratio(Total)(Consolidated)

Total

Yen

Yen

Millions of yen

−−

17.00
19.00

−−

19.00
19.00

36.00
38.00929956

−

19.00

−

19.00

38.00

%
22.6
43.3

Dividend onequityratio(Consolidated)
%
2.7
2.7

70.7

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2021 (From April
1, 2020 to March 31, 2021)
Net sales
Millions of yen

2Q(cumulative)
Full year

34,50073,000(% indicates changes from the same period of the previous year)
Net income attributable
Net income
Ordinary income
to Harima Chemicals
per share
Group,INC.
Millions of yen
Millions of yen
Yen%%
650 (71.7)
450 (71.0)
17.92
1,900 (47.1)
1,350 (39.1)
53.77

Operating income%
(6.7)
1.7

Millions of yen

650
1,900%(71.0)(49.4)

4. Others(1) Significant changes of subsidiaries during period under review (affecting specific subsidiaries due tochanges in scope of consolidation): None
Newly included: 0 (Company name:) Excluded: 0 (Company name: )(2) Changes in accounting policies, changes in accounting estimates and corrections of errors(i) Changes in accounting policies accompanying the revisions to items such as accounting standards:
None(ii) Changes in accounting policies other than (i) above: None(iii) Changes in accounting estimates: None(iv) Corrections of errors: None
(3) Number of shares issued (common stock)(i) Total number of shares issued at the end of the period (including treasury stock)
Fiscal Year Ended March 31, 2020

26,080,396 sharesFiscal Year Ended March 31, 201926,080,396 shares(ii) Total number of treasury stock at the end of the period
Fiscal Year Ended March 31, 2020

974,643 sharesFiscal Year Ended March 31, 2019

428,851 shares(iii) Average number of shares during the period
Fiscal Year Ended March 31, 2020

25,294,471 sharesFiscal Year Ended March 31, 201925,979,564 shares

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(Reference) Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2020 (From April 1,2019 to March 31, 2020)(1) Non-consolidated Results of Operations
Net sales
FY Ended March 31, 2020
FY Ended March 31, 2019

Millions of yen
2,930
3,064

(% indicates changes from the same period of the previous year)
Operating income%
(4.4)
0.8

Net income per share

Millions of yen
811
899

38.93
14.60

Ordinary income
Millions of yen
900990%(9.0)(15.1)Net income
Millions of yen
984
379%
159.7(78.7)

Fully diluted net income
per shareYen

FY Ended March 31, 2020
FY Ended March 31, 2019%
(9.8)
1.9

Yen−−(2) Non-consolidated Financial Position
Total assets

Net assets

Equity ratio%
At March 31, 2020
35,25725,55572.5
At March 31, 201934,60326,50876.6(Reference) Equity: FY Ended March 31, 2020: 25,555 million yen, FY Ended March 31, 2019: 26,508 million yen
Millions of yen

Net assets per share

Millions of yen

Yen

1,017.93
1,033.41* This summary of consolidated financial results is not subject to audit procedure.
* Explanation for the appropriate use of performance forecasts and other special notes:
The performance forecasts and other forward-looking statements herein are based on information currently
available to the Company and certain preconditions which the Company believes to be reasonable. Actual
results may differ significantly from these forecasts due to a wide range of factors.

3

Segment Information
Information regarding net sales and income or loss by reporting segment
I.

For the previous fiscal year (April 1, 2018 to March 31, 2019)(Thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics
Materials

20,309,261

19,949,678

5,737,474

30,979,763

76,976,177

209,717

119,769−

148,404

477,891

Total

20,518,97820,069,447

5,737,474

31,128,168

77,454,069

Segment income(loss)

1,375,522

1,881,802

421,391

1,502,683

5,181,399

Depreciation

675,685

665,862

146,680428,078

1,916,306(8,797)(6,197)(1,059)(141,797)(157,852)−−−(32,438)(32,438)

Total

Adjustment(Note 2)

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

Interest income andinterest expenses
Equity in income ofaffiliated companies

Others(Note 1)

Amount in consolidated
statement of income(Note 3)

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,580,174

78,556,352

32,73278,589,084

117,684595,576−Total

1,697,859

79,151,928(595,576)

Segment income (loss)(48,997)

Depreciation

78,589,084

5,132,402(562,843)

114,771(3,856)

Interest income andinterest expenses
Equity in income ofaffiliated companies

4,667,316

2,031,077(465,085)−

2,031,077(161,708)(66,670)(228,378)(32,438)−

19,767(12,671)(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.
2. The adjustment amount of segment income (loss) includes the adjustment of inventories 90,886
thousand yen and company-wide expenses (620,401) thousand yen, etc. that are not attributable toreportable segment.
3. Segment income (loss) is adjusted to reflect operating income as recorded in the consolidated
statement of income.
4. Assets are not allocated into reportable segments how to determine the allocation of management
resources and how to assess performance of the Company.

4II. For the current fiscal year (April 1, 2019 to March 31, 2020)(Thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics
Materials

18,188,348

18,928,383

5,297,842

27,655,267

70,069,843

209,31247,374−38,185294,872

18,397,661

18,975,758

5,297,842

27,693,453

70,364,715

Segment income

419,073

1,838,722

157,554

1,654,694

4,070,045Depreciation

765,988745,405

163,522451,4032,126,320(5,301)(6,134)(813)(155,506)(167,756)−−−(50,741)(50,741)

Total

Adjustment(Note 2)

LawterSubtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers
Total

Interest income andinterest expenses
Equity in income(loss) ofaffiliated companies

Others(Note 1)

Amount in consolidated
statement of income(Note 3)

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

1,726,122

71,795,965

3,129

71,799,094

181,147

476,020−

Total1,907,269

72,271,985(476,020)

Segment income

140,461

Depreciation
Interest income andinterest expenses
Equity in income(loss) ofaffiliated companies

71,799,094

4,210,506(472,890)

132,140(3,701)

3,752,833

2,258,460(457,673)−

2,258,460(171,457)(68,655)(240,112)(50,741)−

10,570(40,170)(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.
2. The adjustment amount of segment income includes the adjustment of inventories 103,957 thousand
yen and company-wide expenses (579,229) thousand yen, etc. that are not attributable to reportablesegment.
3. Segment income is adjusted to reflect operating income as recorded in the consolidated statementof income.
4. Assets are not allocated into reportable segments how to determine the allocation of management
resources and how to assess performance of the Company.

5