Consolidated Financial Results Highlights
for the Fiscal Year Ended March 31, 2012
[Japanese GAAP]May 11, 2012
Company Name: HARIMA CHEMICALS, INC.
Code Number: 4410
(URL: http://www.harima.co.jp)
Stock Exchange Listing: Tokyo Stock Exchange, Osaka Securities Exchange
Representative: Yoshihiro Hasegawa, President
Contact: Teruo Kaneshiro, Executive Director and General Manager of Administration Division
Phone: +81-6-6201-2461
Scheduled date of Ordinary General Shareholders’ Meeting: June 27, 2012
Scheduled submission date of Securities Report: June 27, 2012
Scheduled date to commence dividend payments: June 28, 2012
Availability of supplementary briefing material on Financial Results: Not 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 2012 (From April 1, 2011 toMarch 31, 2012)(1) Consolidated Results of Operations(% indicates changes from the same period of the previous year)
Net sales
FY Ended March 31, 2012

Operating income

Millions of yen
71,535%
72.4

Millions of yen
3,114

Ordinary income%
7.1

Millions of yen
2,159

Net income%(21.9)

Millions of yen
1,011%(24.3)FY Ended March 31, 2011
41,494
23.9
2,908
117.9
2,765
73.2
1,337
40.5
(Note) Comprehensive income: FY Ended March 31, 2012: 772 million yen [(28.8%)], FY Ended March 31, 2011: 1,085 million yen [(21.3%)]
Fully diluted net income
per share

Net income per shareYen

FY Ended March 31, 2012

Return on equity

Yen－

38.99

Return on assets

Operating profit
on sales%%%

3.6

3.4

4.4

FY Ended March 31, 2011
51.53
4.8
5.0
7.0
－(Reference) Equity in net income of affiliated companies FY Ended March 31, 2012: 23 million yen, FY Ended March 31, 2011: 13 million yen(2) Consolidated Financial Position
Total assets
At March 31, 2012

Net assets

Equity ratio

Millions of yen

Millions of yen

63,42829,581

Net assets per share%
44.5

Yen

1,088.48

At March 31, 2011
63,98329,313
43.7(Reference) Equity: FY Ended March 31, 2012: 28,245 million yen, FY Ended March 31, 2011: 27,979 million yen

1,078.21(3) Consolidated Cash Flows
Cash flows from operating
activities

Cash flows from investing
activitiesCash flows from financing
activities

Cash and cash equivalents
at Year end

Millions of yen

Millions of yen

Millions of yen

Millions of yen

FY Ended March 31, 2012

1,647

(1,713)

(475)

5,217

FY Ended March 31, 2011

4,213

(11,356)

9,988

5,957

2. Dividends
Annual dividend
1Q

2Q

3Q

Year end

Total

Dividend

Dividend
payout ratio

Dividend on
equity ratio(Total)(Consolidated)(Consolidated)

Yen

Yen

Millions of yen

FY Ended March 31, 2011

－6.00

－

8.00

14.00

363%
27.2%
1.3

FY Ended March 31, 2012
FY Ending March 31,2013 (Forecast)

－

7.00

－

7.00

14.00

363

35.9

1.3

－

7.00

－

7.00

14.00

Yen

Yen

Yen

151.9

3. Forecast of Consolidated Financial Results for the Fiscal Year Ending March 31, 2013 (From April
1, 2012 to March 31, 2013)
Net sales
Millions of yen

2Q(cumulative)
Full year

33,50068,000(% indicates changes from the same period of the previous year)
Net income
Ordinary income
Net income
per share
Millions of yen
Millions of yen
Yen%%
750 (54.9)
200 (80.2)
7.71
2,000(7.4)
700 (30.8)
26.98

Operating income%(9.7)(4.9)

Millions of yen

700
2,100%(70.8)(32.6)

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, 2012
26,080,396 sharesFiscal Year Ended March 31, 2011
26,080,396 shares(ii) Total number of treasury stock at the end of the period
Fiscal Year Ended March 31, 2012
131,120 sharesFiscal Year Ended March 31, 2011

130,808 shares(iii) Average number of shares during the period
Fiscal Year Ended March 31, 2012

25,949,485 sharesFiscal Year Ended March 31, 2011

25,950,484 shares(Reference) Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2012 (From April 1,
2011 to March 31, 2012)(1) Non-consolidated Results of Operations
Net sales(% indicates changes from the same period of the previous year)
Operating income

Ordinary income

Net income

FY Ended March 31, 2012

Millions of yen
31,628%
1.2

Millions of yen
1,214%(13.8)

Millions of yen
1,427%(11.2)

Millions of yen
1,033%
38.0

FY Ended March 31, 2011

31,266

17.1

1,409

25.3

1,607

13.0749(7.7)

Net income per shareFully diluted net income
per share

Yen

Yen

FY Ended March 31, 2012

39.82

－FY Ended March 31, 2011

28.86－(2) Non-consolidated Financial Position
Total assets
At March 31, 2012

Net assets

Equity ratio

Millions of yen

Millions of yen

51,441

27,164

Net assets per share%
52.8

At March 31, 2011
50,687
26,483
52.2(Reference) Equity: FY Ended March 31, 2012: 27,164 million yen, FY Ended March 31, 2011: 26,483 million yen

2Yen

1,046.83
1,020.56

* Presentation regarding the implementation status of the quarterly review:
This summary of consolidated financial results is not subject to the quarterly review procedures provided forby the Japanese Financial Instruments and Exchange Law. Therefore, at the time of the disclosure of thesefinancial results, the quarterly financial statement review procedures based on the Law have not beencompleted.
* 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.
Segment InformationI.

For the previous fiscal year (April 1, 2010 to March 31, 2011)

Information regarding net sales and income or loss by reporting segment(thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics Materials

Subtotal

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

19,672,572

12,972,080

4,855,363

37,500,016

206,867－－

206,867

Total

19,879,440

12,972,080

4,855,363

37,706,883

Segment income

2,039,549

726,804308,280

3,074,634

Depreciation

663,247

564,809245,826

1,473,883

－

－

－

－

(70,778)(15,041)(14,921)(100,742)－－－－

Amortization of goodwill
Interest income andinterest expenses
Equity in income ofaffiliated companies

Others(Note 1)

Amount in quarterly
consolidated statementof income(Note 3)Adjustment(Note 2)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

4,021,030

41,521,046(26,368)

41,494,678

38,047

244,915(244,915)－

4,059,078

41,765,962(271,283)

41,494,678

Segment income

4,857

3,079,492(313,772)

2,765,719

Depreciation

156,547

1,630,431(13,456)

1,616,974

－

－

3,665

3,665

(84,729)(185,471)－(185,471)－－

13,106

13,106

Total

Amortization of goodwill
Interest income andinterest expenses
Equity in income ofaffiliated companies

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(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 36,377 thousand
yen and company-wide expenses that are not attributable to reportable segment (308,775) thousandyen, etc.
3. Segment income is adjusted to reflect ordinary income as recorded in the quarterly 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.
II. For the current fiscal year (April 1, 2011 to March 31, 2012)(thousands of yen)
Reporting segment
Resin & Tall Oil
Products

Paper Chemicals

Electronics Materials

SubtotalNet sales
Net sales to externalcustomers
Intersegment sales ortransfers49,928,576

13,234,505

4,738,878

67,901,961

278,367

555,210－

833,578

Total

50,206,944

13,789,716

4,738,878

68,735,540

Segment income

1,622,070

949,401

287,8872,859,359

Depreciation

951,649

593,827

205,385

1,750,863

Amortization of goodwill

80,456－－80,456(75,418)(27,027)(14,292)(116,738)－－－－

Interest income andinterest expenses
Equity in income ofaffiliated companies

Others(Note 1)

Amount in quarterly
consolidated statementof income(Note 3)Adjustment(Note 2)Total

Net sales
Net sales to externalcustomers
Intersegment sales ortransfers

3,645,889

71,547,851(11,887)

71,535,963

53,931

887,510(887,510)

－

Total

3,699,821

72,435,361(899,397)

71,535,963

Segment income (loss)(482,480)

2,376,878(217,578)

2,159,299

Depreciation

186,103

1,936,966(3,870)1,933,096－

80,456－80,456(295,270)(412,008)－(412,008)－－

23,96323,963

Amortization of goodwill
Interest income andinterest expenses
Equity in income ofaffiliated companies(Notes) 1. “Others” division is business segment not attributable to reportable segment and includes mainly
real estate management, etc.

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2. The adjustment amount of segment income includes the adjustment of inventories 54,692 thousand
yen and also includes the foreign exchange gain and loss (194,365) thousand yen and companywide expenses (383,520) thousand yen, etc. that are not attributable to reportable segment.
3. Segment income is adjusted to reflect ordinary income as recorded in the quarterly 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.

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