Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

August 10, 2023

Consolidated Financial Results
for the Three Months Ended June 30, 2023
(Under Japanese GAAP)
Company name:
Listing:
Securities code:
URL:
Representative:
Inquiries:

Hirata Corporation
Tokyo Stock Exchange, Prime Market
6258
https://www.hirata.co.jp/en/
Yuichiro Hirata, Representative Director, President
Hideki Ninomiya, Director, Executive Officer
Division Director, Administration Division
Telephone:+81-96-272-5558
Scheduled date to file quarterly securities report:
August 10, 2023
Scheduled date to commence dividend payments:–
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30,2023)(1) Consolidated operating results (cumulative)
Net sales
Three months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

June 30, 2023

19,155

14.4

1,503

48.6

1,580

37.1

1,105

35.3

June 30, 2022

16,7395.8

1,011(24.3)

1,152(11.1)

817(11.0)

Note: Comprehensive income

For the three months ended June 30, 2023:
For the three months ended June 30, 2022:

Basic earnings
per share
Three months ended¥1,266 million¥1,183 million[7.0%][(11.7)%]

Diluted earnings
per share
Yen

Yen

June 30, 2023

106.48–June 30, 2022

78.71

78.69

Note: The amount of diluted earnings per share in the three months ended June 30, 2023 is not provided because there are no
potential shares.

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen

June 30, 2023

117,579

59,901

50.6

March 31, 2023

114,52259,575

51.7

Reference:

EquityAs of June 30, 2023:
As of March 31, 2023:¥59,522 million¥59,179 million%

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen

Yen

Yen

Fiscal year ended
March 31, 2023–

Fiscal year ending
March 31, 2024–

Fiscal year ending
March 31, 2024
(Forecast)Fiscal year-end

Total

Yen

Yen

0.00

–

90.00

90.00

0.00

–

90.00

90.00

Note: Revisions to the forecast of cash dividends most recently announced: None

3. Consolidated earnings forecasts for the fiscal year ending March 31, 2024 (from April 1, 2023 to March
31, 2024)(Percentages indicate year-on-year changes.)
Net sales
Millions ofyen

Fiscal year ending
March 31, 2024

90,000Operating profit%

14.7

Profit attributable toowners of parent

Ordinary profit

Basic earnings per
share

Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

5,400

(8.8)

5,500

(5.2)

3,900

(8.7)

375.60Note: Revisions to the earnings forecasts most recently announced: None

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

10,756,090 shares

As of March 31, 2023

10,756,090 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2023

371,852 shares

As of March 31, 2023

371,852 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)
Three months ended June 30, 2023

10,384,238 shares

Three months ended June 30, 2022

10,381,222 shares

Note: Number of treasury shares at the end of period includes the number of the Company’s shares held by the trust accountof the stock delivery trust for officers (63,000 shares as of March 31, 2023 and 63,000 shares as of June 30, 2023).

* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters
Forward-looking statements in this material, including earnings forecasts, are based on information currently
available to the Company and on certain assumptions deemed reasonable. Actual results may differ
significantly due to various factors. For the assumptions underlying the forecast, please refer to “Qualitative
information on quarterly financial results for the period” on page 2 of the Attached Materials.
The supplementary materials of the quarterly financial results will be posted on the Company’s website.

Table of Contents of the Attached Materials
Index
1. Qualitative information on quarterly financial results for the period ....................................................... 2(1) Explanation of operating results ......................................................................................................... 2(2) Explanation of financial position........................................................................................................ 3(3) Explanation of future forecast information such as consolidated financial results forecasts ............. 3
2. Quarterly consolidated financial statements and major notes ................................................................... 4(1) Quarterly consolidated balance sheet ................................................................................................. 4(2) Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive
income ................................................................................................................................................ 6(Quarterly consolidated statement of income) (cumulative) .............................................................. 6(Quarterly consolidated statement of comprehensive income) (cumulative) ..................................... 7(3) Notes on quarterly consolidated financial statements ........................................................................ 8(Notes on going concern assumption) ................................................................................................ 8(Notes when there is a significant change in the amount of shareholders’ equity) ............................. 8(Segment information) ....................................................................................................................... 9
3. Supplementary Information .................................................................................................................... 11
Status of production, orders received, and sales ..................................................................................... 11-1-

1. Qualitative information on quarterly financial results for the period(1) Explanation of operating results
During the three-month period, the economic situation surrounding the Group remained uncertain
outlook due to the prolonged conflict in Ukraine, global inflation, and monetary tightening in various
countries. In the U.S., capital investment slowed due to the sluggish manufacturing industry, but theeconomy remained firm as favorable employment conditions supported consumer spending. In Europe,
consumer spending was sluggish due to high inflation, and monetary tightening continued to exert
downward pressure on the economy. In China, although consumer spending recovered rapidly due tothe lifting of the zero-COVID policy, the real estate market and exports were sluggish and the economy
showed a decelerating trend. In Japan, capital investment increased moderately against the backdrop of
improved corporate earnings. In addition, personal consumption also maintained a recovery trend due
to favorable employment conditions.
In this business environment, entering the second year of the Mid-Term Management Plan (FY2022–
FY2024), the Group will continue to implement a variety of measures to further accelerate efforts
under the four basic policies of “Business expansion in growth markets,” “Strengthening
competitiveness as a global company,” “Strengthening ESG management initiatives,” and “Realizationof management in line with the new normal era.”
During the three-month period, both net sales and profit increased from the same period of the previous
fiscal year due to a significant increase in sales of electric vehicle (EV)-related production equipment
and an improvement in the cost of sales ratio of semiconductor-related production equipment. As aresult, net sales for the three-month period were ¥19,155 million (up 14.4% year on year), operating
profit was ¥1,503 million (up 48.6% year on year), ordinary profit was ¥1,580 million (up 37.1% year
on year), and profit attributable to owners of parent was ¥1,105 million (up 35.3% year on year).
Segment information is as follows.
(i) Automobile-related businessIn the automobile-related business, both net sales and profits remained firm due to increased capital
investment from automobile manufacturers as a result of the accelerated global EV shift. As aresult, net sales were ¥8,079 million (up 28.3% year on year), and operating profit was ¥498
million (up 184.0% year on year).
(ii) Semiconductor-related businessIn the semiconductor-related business, although the overall semiconductor market is slowing down,
the impact on the Group has been limited, and semiconductor equipment manufacturers continued
to make capital investments, resulting in firm net sales and profits. As a result, net sales were
¥7,765 million (up 20.8% year on year), and operating profit was ¥1,096 million (up 85.0% year onyear).
(iii) Other automatic labor-saving equipment
In the other automatic labor-saving equipment, both net sales and profits were weak due to adecrease in capital investment in equipment related to organic electroluminescence (organic EL)
and the postponement of investment plans by home appliance manufacturers. As a result, net sales
were ¥2,811 million (down 20.5% year on year), and operating loss was ¥70 million (operating
profit of ¥251 million for the same period of the previous fiscal year).

-2-(2) Explanation of financial position(Assets)
Total assets at the end of the first quarter of the current fiscal year increased ¥3,056 million from theend of the previous fiscal year to ¥117,579 million. The main breakdown was an increase of ¥703
million in trade receivables (notes and accounts receivable - trade, and contract assets, andelectronically recorded monetary claims - operating), an increase of ¥1,290 million in property, plant,
and equipment from machinery and equipment at the Kumamoto Plant, and an increase of ¥504 million
in investment securities.
(Liabilities)
Liabilities increased ¥2,730 million from the end of the previous fiscal year to ¥57,677 million. The
main breakdown was a decrease of ¥1,096 million in trade payables (notes and accounts payable - tradeand electronically recorded obligations - operating) and an increase of ¥3,503 million in debt withinterest (short-term borrowings and long-term borrowings) due to increased demand for funds in
response to rising capital investment and production.
(Net assets)
Net assets increased ¥326 million from the end of the previous fiscal year to ¥59,901 million. The main
breakdown was an increase of ¥165 million in retained earnings due to the recording of ¥1,105 million
in profit attributable to owners of parent and ¥940 million in dividends paid. As a result, the equity-toasset ratio fell to 50.6% from 51.7% at the end of the previous fiscal year.
(3) Explanation of future forecast information such as consolidated financial results forecasts
There is no change to the earnings forecasts for the fiscal year ending March 31, 2024, disclosed on
May 12, 2023.

-3-

2. Quarterly consolidated financial statements and major notes(1) Quarterly consolidated balance sheet(Thousands of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims - operating
Inventories
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
LandConstruction in progress
Total property, plant and equipment
Intangible assets
Leasehold interests in land
Software
Other
Total intangible assets
Investments and other assets
Investment securities
Distressed receivables
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-4-

As of June 30, 2023

11,134,387

11,368,689

42,972,283

42,993,893

8,463,652
14,219,410
2,875,248(9,751)
79,655,230

9,145,923
14,517,840
2,623,389(9,863)80,639,873

10,888,319
1,828,466
847,437
9,850,292
887,729
24,302,245

10,799,023
2,715,381
1,016,218
9,854,423
1,207,598
25,592,645

25,781
434,557
289,491
749,829

25,781
488,967
320,975
835,723

2,328,139
1,019
6,182,143
239,430
1,389,633(324,884)
9,815,482
34,867,558
114,522,788

2,832,542
1,042
6,419,878
225,182
1,357,713(324,886)
10,511,473
36,939,842
117,579,715

(Thousands of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Contract liabilities
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for loss on construction contracts
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provision for share awards for directors (and otherofficers)
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-5-

As of June 30, 2023

6,966,957
4,800,696
12,612,145
9,407,156
942,786
3,276,392
781,179
3,033,178
88,247

6,136,271
4,534,685
14,664,375
9,574,324
851,056
2,274,990
225,391
3,071,242
27,293

123,306–

376,614138,227
646,237
43,193,125

434,190
136,324
1,527,953
43,458,099

7,738,188

9,022,690

125,514142,100

749,791
2,023,008
1,117,516
11,754,017
54,947,143

1,089,268
2,023,008
1,942,742
14,219,809
57,677,909

2,633,962
14,319,556
37,381,654(2,429,350)
51,905,823

2,633,962
14,319,556
37,547,057(2,429,350)
52,071,226

668,114
198,362
4,500,520
1,667,364
239,726
7,274,089
395,732
59,575,645
114,522,788

1,027,493(116,471)
4,500,520
1,796,799
242,852
7,451,194
379,385
59,901,806
117,579,715

(2) Quarterly consolidated statement of income and quarterly consolidated statement ofcomprehensive income(Quarterly consolidated statement of income) (cumulative)(Thousands of yen)Three months ended
June 30, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Foreign exchange gains
Subsidy income
Rental income
Gain on sale of scrap metal
Other
Total non-operating income
Non-operating expenses
Interest expenses
Foreign exchange losses
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on retirement of non-current assets
Loss on sale of non-current assets
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitLoss attributable to non-controlling interests
Profit attributable to owners of parent-6-

Three months ended
June 30, 2023

16,739,911
13,545,387
3,194,524
2,182,617
1,011,906

19,155,239
15,014,977
4,140,261
2,636,374
1,503,886

14,286176–
209,087
14,785
11,482
19,916
269,735

11,793
1,184
38,541
3,833
34,851
7,761
8,152
106,118

20,32680,957
27,865
129,149
1,152,491

26,975–2,894
29,8691,580,135

3,063
–
3,063

1,019
15,364
16,3840–01,155,554
352,576
802,978(14,094)
817,072

106
135
242
1,596,278
509,525
1,086,752(18,972)
1,105,725

(Quarterly consolidated statement of comprehensive income) (cumulative)(Thousands of yen)Three months ended
June 30, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests-7-

Three months ended
June 30, 2023

802,978

1,086,752

5,787(95,246)474,748(5,065)380,223
1,183,202

359,378(314,834)
132,081
3,105
179,731
1,266,483

1,190,166

1,282,830(6,964)(16,346)

(3) Notes on quarterly consolidated financial statements(Notes on going concern assumption)
Not applicable.
(Notes when there is a significant change in the amount of shareholders’ equity)
Not applicable.

-8-

(Segment information)
I Three months ended June 30, 2022
1. Information on the amount of net sales and profit or loss by reportable segment, andinformation on the decomposition of revenue(Thousands of yen)
Reportable segments
Automobilerelated
business

Semiconductorrelated business

Other
automaticlabor-saving
equipment

404,680

4,394,805

5,894,057

Revenue fromcontracts withcustomers
Other revenue

Net sales
Goods or services
transferred at a point
in timeGoods or services
transferred over time

Sales to externalcustomers
Intersegment sales andtransfers

Total

Others(Note)

Total

1,032,257

5,831,743

467,615

6,299,359

2,035,651

2,504,219

10,433,927–

10,433,927

6,298,737

6,430,456

3,536,476

16,265,671

467,615

16,733,286

–

–

–

–

6,625

6,625

6,298,737

6,430,456

3,536,476

16,265,671

474,240

16,739,911

–

–

–

–

377

377

Total
6,298,737
6,430,456
3,536,476
16,265,671
474,618
16,740,289
Segment profit (loss)
175,573
592,969
251,3901,019,933(9,167)1,010,766
Note: The “Others” classification is a segment that is not included in reportable segments and includes the solar power
generation related operations and the point and customer management system related operations of the Company’s
subsidiary.

2. Difference between the total amount of profit or loss of reportable segments and the amountrecorded in the quarterly consolidated statement of income, and the main details of thedifference (matters concerning variance adjustment)(Thousands of yen)AmountProfitReportable segment total

1,019,933

Profit of the “Others” classification(9,167)

Elimination of intersegment transactions

1,140

Operating profit in the quarterly consolidated statementof income-9-

1,011,906

II Three months ended June 30, 2023
1. Information on the amount of net sales and profit or loss by reportable segment, andinformation on the decomposition of revenue(Thousands of yen)
Reportable segments
Automobilerelated
business

Semiconductorrelated business

Other
automaticlabor-saving
equipment

Total

Others(Note)

Total

106,9936,379,161

1,149,593

7,635,748

466,390

8,102,138

7,972,278

1,386,748

1,662,404

11,021,431

26,608

11,048,040

Revenue fromcontracts withcustomers

8,079,271

7,765,909

2,811,998

18,657,180

492,998

19,150,179

Other revenue

–

–

–

–

5,060

5,060

8,079,271

7,765,909

2,811,998

18,657,180

498,058

19,155,239

–

–

–

–

129

129

Net sales
Goods or services
transferred at a point
in timeGoods or services
transferred over time

Sales to externalcustomers
Intersegment sales andtransfers

Total
8,079,271
7,765,909
2,811,998
18,657,180
498,188
19,155,368
Segment profit (loss)
498,573
1,096,945(70,335)
1,525,184(22,437)
1,502,746
Note: The “Others” classification is a segment that is not included in reportable segments and includes the solar power
generation related operations and the point and customer management system related operations of the Company’s
subsidiary.

2. Difference between the total amount of profit or loss of reportable segments and the amountrecorded in the quarterly consolidated statement of income, and the main details of thedifference (matters concerning variance adjustment)(Thousands of yen)AmountProfitReportable segment total

1,525,184

Profit of the “Others” classification(22,437)

Elimination of intersegment transactions

1,140

Operating profit in the quarterly consolidated statementof income- 10 -

1,503,886

3. Supplementary Information
Status of production, orders received, and sales(1) Production results
The table below shows production results by segment in the three-month period.
Name of segment

Three months ended June 30, 2023
(Thousands of yen)

Year-on-year (%)

Automobile-related business

8,185,246

121.9

Semiconductor-related business

7,874,122

122.6

Other automatic labor-saving
equipment

3,055,286

78.6

506,598

97.9

19,621,253

111.9

OthersTotal

Note: Amounts are based on selling prices and manufacturing costs before intersegment transfers.

(2) Orders received
The table below shows orders received by segment in the three-month period.
Name of segment

Orders received(Thousands ofyen)

Automobile-related business

12,355,840

182.6

35,919,045

148.2

Semiconductor-related business

9,223,690

72.9

23,210,922

101.5

Other automatic labor-saving
equipment

2,406,389

62.3

7,615,521

123.3

OthersTotal

Year-on-year (%)

Order backlog(Thousands ofyen)Year-on-year (%)

582,027

73.2

672,184

92.7

24,567,948

102.1

67,417,674

124.8

Note: Amounts are based on selling prices.

(3) Sales results
The table below shows sales results by segment in the three-month period.
Name of segment

Three months ended June 30, 2023
(Thousands of yen)

Year-on-year (%)

Automobile-related business

8,079,271

128.3

Semiconductor-related business

7,765,909

120.8

Other automatic labor-saving
equipment

2,811,998

79.5

498,058

105.0

19,155,239

114.4

OthersTotal

Note: Intersegment transactions are offset and eliminated.

- 11 -