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

4958
URL
President & COO

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

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

Takao Umino
August 10, 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 nine months ended June 30, 2016 (from October 1, 2015 to June 30, 2016)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended June 30, 2016
Nine months ended June 30, 2015
Note: Comprehensive income

Millions of yen
35,486
34,402

Percentages indicate year-on-year changes
Profit attributable toOperating income
Ordinary income
owners of parent% Millions of yen% Millions of yen% Millions of yen%
3.2
3,846
19.2
3,775
1.5
2,604
15.8
2.3
3,226 (13.9)
3,718(7.2)
2,248 (14.1)

Nine months ended June 30, 2016
Nine months ended June 30, 2015

¥1,177 million [(83.3)%]¥7,028 million [80.8%]

Earnings per share

Diluted earnings per share

Yen
61.39
54.15

Nine months ended June 30, 2016
Nine months ended June 30, 2015

Yen
61.35
–(2) Consolidated financial position
Total assets
Millions of yen
100,245
101,604

As of June 30, 2016
As of September 30, 2015
Reference: Equity

Net assets

As of June 30, 2016
As of September 30, 2015

Equity ratio

Millions of yen
79,36579,436

%
79.1
78.2

¥79,340 million¥79,436 million

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

2nd quarter-end

Yen
Year ended September 30, 2015–
Year ending September 30, 2016–
Year ending September 30, 2016
(Forecast)
Note: Revision of cash dividend forecast most recently announced: NoYen
15.00
15.00

3rd quarter-end

Fiscal year-end

Total

Yen––

Yen
15.00

Yen
30.00

15.00

30.00

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

Net sales

Full year

Millions of yen
49,430Percentages 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
4.7
4,380
0.6
4,640(4.4)
3,070
0.9
72.36Note: Revision of consolidated financial results forecast most recently announced: No1

4. Notes(1) Changes in significant subsidiaries during the nine months ended June 30, 2016(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 June 30, 2016

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 June 30, 2016

281,269 shares As of September 30, 2015

281,069 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended June 30, 2016

42,427,041 shares Nine months ended June 30, 2015

41,527,363 shares* Indication regarding execution of audit 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.

2

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

As of June 30, 2016

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

9,674
16,38910,957
15,741

Securities
Merchandise and finished goods

10,999
5,917

8,999
6,212

Work in process
Raw materials and supplies

154
5,276

216
5,383

Other
Allowance for doubtful accounts

1,338
(4)

1,272
(4)

Total current assets

49,744

48,779Buildings and structures, net
Other, net

17,517
15,097

17,534
13,371

Total property, plant and equipment

32,61430,906

Non-current assets
Property, plant and equipment

Intangible assets
Goodwill

1,319

1,153

Other

1,220

1,125

Total intangible assets

2,540

2,278

Investment securities
Net defined benefit asset

15,742
6

17,339
10

Other
Allowance for doubtful accounts

1,016
(60)

987
(55)

Total investments and other assets

16,70518,281

51,86051,466

101,604

100,245

5,896

6,389

5863

11490

Provision for bonuses
Provision for directors' bonuses

1,054
36

372
–

Asset retirement obligations
Other

78
4,172

–
3,166

Total current liabilities

12,107

10,430Investments 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

121

Deferred tax liabilities
Net defined benefit liability

2,237
6,490

2,663
6,500

Provision for directors' retirement benefits
Asset retirement obligations

1,066
69

–69

–
46

1,053
41

10,061

10,44922,16820,880Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities

3

(Millions of yen)
As of September 30, 2015

As of June 30, 2016

Net assets
Shareholders' equity
Capital stock

5,364

5,364

Capital surplus
Retained earnings7,292
57,173

7,292
58,505

Treasury shares

(321)

(322)

69,50970,840

8,404
1,817

9,746
(975)

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

(295)

(271)

Total accumulated other comprehensive income

9,926

8,499

Subscription rights to shares
Total net assets
Total liabilities and net assets

4–

25

79,43679,365

101,604

100,245

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, 2015

June 30, 2016

Net sales
Cost of sales

34,402
21,69635,48622,200Gross profit

12,706

13,285

Selling, general and administrative expenses

9,479

9,439

Operating income

3,226

3,846

Interest income
Dividend income

43129

23143

Foreign exchange gains
Other257
103–
122

Total non-operating income

533

289

77Rent expenses on facilities
Foreign exchange losses

29–44302

Other

35

Non-operating income

Non-operating expenses
Interest expenses

Total non-operating expenses

40360

3,718

3,775

–

142

–

142

Extraordinary losses
Loss on abandonment of non-current assets

7735

Loss on valuation of investment securities
Impairment loss

1251

–
–

Total extraordinary losses

140

35

Income before income taxes and minority interests

3,578

3,882

Income taxes

1,329

1,278

Profit

2,248

2,604

Profit attributable to owners of parent

2,248

2,604

Ordinary income
Extraordinary income
Gain on sales of investment securities
Total extraordinary income5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Nine months ended

Nine months ended

June 30, 2015

June 30, 2016
2,248

2,604

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

3,353
1,412

1,342
(2,793)Remeasurements of defined benefit plans, net of tax

1323

4,779

(1,427)

Comprehensive income

Total other comprehensive income

7,028

1,177

Comprehensive income attributable toComprehensive income attributable to owners of parent

7,028

1,177––Comprehensive income attributable to non-controllinginterests

6Segment Information
1. Nine months ended June 30, 2015 (from October 1, 2014 to June 30, 2015)(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

26,151
316

6,220
176

2,030
71

34,402
564

－
(564)

34,402－

Total

26,467

6,397

2,101

34,966(564)

34,402

Segment income or loss

2,705

1,134

(100)

3,738

(20)

3,718

Notes
1. The adjustments on segment income or loss of (¥20) million include (¥13) million foreign currency translation related tointer-segment asset and liability eliminations, (¥6) million adjustments of inventories related to inter-segment transactions, 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 thescope of consolidation for the three months ended December 31, 2014. Due to this, the amount of assets of Asia segment listed at theend of the nine months ended June 30, 2015 increased by ¥3,472 million when compared to the end of the previous fiscal year.
(3) Information regarding impairment loss of non-current assets, goodwill, etc. by reporting segment(Significant impairment loss related to non-current assets)
In Japan segment, the Company realized impairment loss of certain rental assets to a contract manufacturer as they are unutilized.
The amount of the relevant impairment loss is ¥51 million for the nine months ended June 30, 2015.
(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 thescope of consolidation in Asia segment. Increased amount of goodwill by the said event is ¥1,822 million for the nine months
ended June 30, 2015.
2. Nine months ended June 30, 2016 (from October 1, 2015 to June 30, 2016)
Net sales and income or loss by reporting segment(Millions of yen)
Reporting segment
JapanAsiaUSA

Total

Adjustment(Note 1)

Consolidated(Note 2)

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

27,048
398

5,909
331

2,528
204

35,486934－(934)

35,486－

Total

27,446

6,241

2,732

36,420(934)

35,486

Segment income or loss

2,899

818

60

3,778

(3)

3,775

Notes
1. The adjustments on segment income or loss of (¥3) million include (¥2) million foreign currency translation related tointer-segment asset and liability eliminations and (¥1) million for others.
2. Segment income or loss is adjusted to ordinary income of consolidated quarterly statements of income.

7