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, 2021
(Based on Japanese GAAP)
August 2, 2021
Company name:T. HASEGAWA CO., LTD.
Stock exchange listing: Tokyo
Stock code:
Representative:

4958
URL
President & COO

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

Inquiries:
Director & Senior Executive Vice President
Scheduled date to file Quarterly Securities Report:

Minoru Nakamura
August 10, 2021

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, 2021 (from October 1, 2020 to June 30, 2021)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended June 30, 2021
Nine months ended June 30, 2020
Note: Comprehensive income

Millions of yen
41,12337,648Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent% Millions of yen% Millions of yen% Millions of yen
%
9.2
5,287
21.9
5,708
21.5
5,107
20.5
(0.2)
4,339
12.6
4,696
12.5
4,238
39.3

Nine months ended June 30, 2021

¥7,376 million [120.8%]

Nine months ended June 30, 2020

¥3,341 million [–%]

Earnings per share

Diluted earnings per shareYen
123.36102.26Nine months ended June 30, 2021
Nine months ended June 30, 2020

Yen
122.90101.88(2) Consolidated financial position
Total assets
Millions of yen
118,605
113,445

As of June 30, 2021
As of September 30, 2020
Reference: Equity

Net assets

Equity ratio

Millions of yen
96,974
92,218

As of June 30, 2021

¥96,739 million

As of September 30, 2020

¥91,990 million

%
81.6
81.1

2. Cash dividends
Annual dividends per share

Year ended September 30, 2020
Year ending September 30, 2021
Year ending September 30, 2021
(Forecast)

1st quarter-end

2nd quarter-end

3rd quarter-endFiscal year-end

Yen––

Yen
18.00
22.00

Yen––

Yen
22.00

Yen
40.00

28.00

50.00

Note: Revision of cash dividend forecast most recently announced: Yes1Total

3. Forecast of consolidated financial results for the year ending September 30, 2021 (from October 1, 2020 to September 30, 2021)

Net sales

Full year

Millions of yen
54,700Percentages 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
9.0
6,070
13.36,560
11.9
5,950
16.9
143.95

Note: Revision of consolidated financial results forecast most recently announced: Yes
4. Notes(1) Changes in significant subsidiaries during the nine months ended June 30, 2021
(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:

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, 2021

42,708,154 shares As of September 30, 2020

42,708,154 shares

Number of treasury shares at the end of the period
As of June 30, 2021

1,608,149 shares As of September 30, 2020

1,233,044 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended June 30, 2021

41,405,599 shares Nine months ended June 30, 2020

41,453,310 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
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, 2020

As of June 30, 2021

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade16,584
15,471

16,264
17,232

Securities
Merchandise and finished goods

12,000
7,161

2,999
7,611

Work in process
Raw materials and supplies

170
6,901

114
6,515

737
(13)

996
(15)

59,01351,718

Buildings and structures, net
Other, net

15,915
13,42916,06013,973

Total property, plant and equipment

29,34530,034

Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment

Intangible assets
Goodwill

572

6,159

Other

3,266

10,648

Total intangible assets

3,839

16,807

Investment securities
Retirement benefit asset

19,83817

19,01618

Other
Allowance for doubtful accounts

1,443
(51)

1,069
(59)

Total investments and other assets

21,246

20,044

Investments and other assets

Total non-current assets
Total assets

54,431

66,886

113,445

118,605

Liabilities
Current liabilities
Notes and accounts payable - trade

4,743

5,168

Income taxes payable
Provision for bonuses

630
1,431

878
568

Provision for bonuses for directors (and other officers)
Other

74
3,381

–
3,530

Total current liabilities

10,261

10,146

Non-current liabilities
Deferred tax liabilities

2,992

3,026

7,121
69

7,363
63

648
131

634
396

10,965

11,484

21,226

21,630Retirement benefit liability
Asset retirement obligations
Long-term accounts payable - other
Other
Total non-current liabilities
Total liabilities

3

(Millions of yen)
As of September 30, 2020

As of June 30, 2021

Net assets
Shareholders' equity
Share capital

5,364

5,364

Capital surplus
Retained earnings

7,298
71,1697,305
74,452

Treasury shares(1,820)(2,629)Total shareholders' equity

82,012

84,492

11,551(1,316)

11,076
1,388

Remeasurements of defined benefit plans

(256)

(217)

Total accumulated other comprehensive income

9,97812,246228

234

92,21896,974

113,445

118,605

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment

Share acquisition rights
Total net assets
Total liabilities and net assets

4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, 2020

June 30, 2021

Net sales
Cost of sales

37,64822,99941,12324,272Gross profit

14,64916,851

Selling, general and administrative expenses

10,31011,563Operating profit

4,339

5,287

Interest incomeDividend income

72
197

82
173

Foreign exchange gains
Other

695

117
90

Total non-operating income

371

464

Non-operating income

Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sales of non-current assets
Gain on sales of investment securities
Total extraordinary income

151238

13

43

4,696

5,708

320–

867

1,480

1,187

1,480

34

21

Extraordinary losses
Loss on abandonment of non-current assets

3421

Profit before income taxes

Total extraordinary losses

5,849

7,167

Income taxes

1,6102,059

Profit

4,238

5,107

Profit attributable to owners of parent

4,238

5,107

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

ProfitOther comprehensive income

Nine months ended

Nine months ended

June 30, 2020

June 30, 2021
4,238

5,107

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

(932)
(3)

(475)
2,705

Remeasurements of defined benefit plans, net of tax

3838(897)

2,268

Comprehensive income

Total other comprehensive income

3,341

7,376

Comprehensive income attributable toComprehensive income attributable to owners of parent

3,341

7,376

Comprehensive income attributable to non-controllinginterests–6–

Segment Information

1. Nine months ended June 30, 2020 (from October 1, 2019 to June 30, 2020)
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

27,279
563

5,795
140

4,573
100

37,648804－(804)

37,648－

Total

27,843

5,936

4,674

38,453(804)

37,648Segment profit

3,147

749

411

4,309

30

4,339

Notes
1. The adjustments on segment profit of 30 million yen include 41 million yen adjustments of elimination of internal transactions
between segments and negative 7 million yen adjustments of inventories related to inter-segment transactions, and negative 3
million yen for others.
2. Segment profit is adjusted to operating income of consolidated quarterly statements of income.
2. Nine months ended June 30, 2021 (from October 1, 2020 to June 30, 2021)
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

27,361
482

7,250
105

6,511
70

41,123
659

－
(659)

41,123－

Total

27,844

7,356

6,581

41,782(659)

41,123

Segment profit

3,122

1,653

482

5,257

29

5,287

Notes
1. The adjustments on segment profit of 29 million yen include 41 million yen adjustments of elimination of internal transactions
between segments and negative 3 million yen adjustments of inventories related to inter-segment transactions, and negative 8
million yen for others.
2. Segment profit is adjusted to operating income of consolidated quarterly statements of income.

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