Summary of Consolidated Financial Results

for the First Quarter of Fiscal Year Ending March 31, 2024

Company Name: HARADA INDUSTRY CO., LTD.

August 10, 2023

Securities Code: 6904

Listing: Tokyo Stock Exchange

URL:https://www.harada.com

Inquiries: Yoichi Kamijo,Executive Officer

Representative: Yasuharu Miyake, President and Representative Director

Telephone Number: +81-3-3765-4321

Filing Date of Quarterly Report (as Planned): August 10, 2023

Dividend Payable Date (as Planned): -

Preparation of Supplement Material of Quarterly Results: None

Convening Briefing of Quarterly Results: None

(Figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for the First Quarter of Fiscal Year Ending March 31, 2024

(April 1, 2023 to June 30, 2023)

1) Consolidated Operating Results (Cumulative)

(Percentages indicate percent change from the previous year.)

Net Sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Millions of Yen

%

Millions of Yen

%

Millions of Yen

%

Millions of Yen

%

1Q Fiscal 2023

10,750

11.8

(23)

-

(180)

-

2,030

-

1Q Fiscal 2022

9,619

(3.2)

(140)

-

(34)

-

(45)

-

(Notes) Comprehensive income:

1Q Fiscal 2023: 1,347 million yen ( increase of 394.1%)

1Q Fiscal 2022: 272 million yen ( decrease of 68.5%)

Basic earnings

Diluted earnings

per share

per share

Yen

Yen

1Q Fiscal 2023

93.38

-

1Q Fiscal 2022

(2.07)

-

2) Consolidated Financial Positions

Total assets

Net assets

Capital adequacy ratio

Net assets per share

1Q Fiscal 2023

Millions of Yen

Millions of Yen

%

Yen

37,511

12,405

33.1

570.36

Fiscal 2022

40,131

11,166

27.8

513.38

(Notes) Owner's

equity:

1Q Fiscal 2023: 12,405 million yen

Fiscal 2022: 11,166 million yen

2. Dividends

Annual dividends

First quarter

Second quarter

Third quarter

Year end

Annual

Yen

Yen

Yen

Yen

Yen

Fiscal 2022

-

0.00

-

5.00

5.00

Fiscal 2023

-

Fiscal 2023

0.00

-

7.50

7.50

(forecasts)

(Notes) Revisions

of dividends forecasts

from the most recent

announcement: None

3. Consolidated Forecasts (April 1, 2023 to March 31, 2024)

(Percentages indicate percent change from the previous year.)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Basic earnings

owners of parent

per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Half year

20,000

1.9

(100)

-

(400)

-

1,400

-

64.37

Full year

40,000

(5.0)

300

-

100

-

1,500

-

68.96

(Notes) Revisions of financial forecasts from the most recent announcement: None

*Notes

  1. Changes in significant subsidiaries during the period (changes in specified subsidiaries involving changes in the scope of consolidation): None
    Number of subsidiaries newly consolidated: - (Name: - )
    Number of subsidiaries excluded from consolidated: - (Name: - )
  2. Applying of specific accounting methods in preparation for quarterly consolidated financial statements: None
  3. Changes in accounting policies, changes in accounting estimates and restatements
    1. Changes in accounting policies associated with the revisions of accounting standards: None
    2. Changes in accounting policies other than above: None
    3. Changes in accounting estimates: None
    4. Restatements: None
  4. Numbers of shares issued and outstanding (common stock)
  1. Numbers of shares issued and outstanding (including treasury stock):
  2. Numbers of treasury stock:
  3. Average number of shares outstanding:

1Q Fiscal 2023

21,758,000

Fiscal 2022

21,758,000

1Q Fiscal 2023

7,268

Fiscal 2022

7,218

1Q Fiscal 2023

21,750,772

1Q Fiscal 2022

21,750,782

*This summary of financial results is exempt from quarterly review procedures by certified public accountants or an audit firm.

*Explanation regarding the appropriate use of financial forecasts and other special remarks

The forecast figures are based on information and assumptions associated to variable factors may impact on future results available at the date of disclosure of this document. Actual results may differ materially from various factors.

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Harada Industry Co. Ltd. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 05:47:05 UTC.