HOSOKAWA MICRON CORPORATION AND CONSOLIDATED SUBSIDIARIES

Consolidated Financial Statements

For the Year Ended September 30, 2022

December 2022

HOSOKAWA MICRON CORPORATION

AND SUBSIDIARIES

Consolidated Balance Sheets

September 30, 2022 and 2021

Thousands of

U.S. dollars

Millions of yen

(Note 1)

Assets

2022

2021

2022

Current assets:

Cash and time deposits (Notes 15, 20 and 21)

¥

25,617

¥

19,943

$

176,906

Securities (Notes 14 and 15)

1,999

－

13,809

Trade receivables (Note 15)

－

16,480

－

Trade receivables, and contract assets (Note 15)

17,043

－

117,697

Electronically recorded monetary claims - operating (Note 15)

1,207

658

8,337

Allowance for doubtful receivables

(335)

(176)

(2,316)

Net trade receivables

17,915

16,962

123,719

Inventories (Note 8)

11,043

8,448

76,260

Other current assets

1,919

1,834

13,254

Total current assets

58,495

47,189

403,949

Property, plant and equipment:

Land

6,156

5,916

42,516

Buildings and structures

23,346

21,648

161,219

Machinery and equipment

17,502

15,337

120,865

Construction in progress

189

126

1,311

47,195

43,028

325,913

Accumulated depreciation

(23,164)

(20,127)

(159,962)

Net property, plant and equipment

24,031

22,901

165,951

Investments and other assets:

Investments in securities (Notes 14 and 15)

1,562

1,516

10,793

Goodwill

158

172

1,092

Deferred tax assets (Note 11)

844

683

5,833

Other assets

952

657

6,580

Total investments and other assets

3,518

3,029

24,298

Total assets

¥

86,046

¥

73,119

$

594,199

See accompanying Notes to Consolidated Financial Statements.

1

HOSOKAWA MICRON CORPORATION

AND SUBSIDIARIES

Consolidated Balance Sheets (Continued)

September 30, 2022 and 2021

Thousands of

U.S. dollars

Millions of yen

(Note 1)

Liabilities and Net Assets

2022

2021

2022

Current liabilities:

Current portion of long-term debt (Notes 9, 15 and 21)

¥

517

¥

144

$

3,573

Trade payables (Note 15)

7,824

8,144

54,032

Electronically recorded obligations - operating (Note 15)

1,350

－

9,328

Accrued expenses

5,744

4,609

39,671

Accrued income taxes

470

396

3,246

Advances from customers

－

6,815

－

Contract liabilities

9,311

－

64,301

Provision for share awards

339

－

2,345

Other current liabilities (Note 10)

1,677

1,452

11,581

Total current liabilities

27,235

21,562

188,080

Noncurrent liabilities:

Long-term debt (Notes 9, 15 and 21)

792

1,310

5,470

Provision for share awards

11

－

82

Net defined benefit liability (Note 10)

2,866

3,407

19,794

Deferred tax liabilities (Note 11)

1,239

780

8,557

Other liabilities

142

119

981

Total noncurrent liabilities

5,051

5,617

34,886

Contingent liabilities (Note 22)

Total liabilities

¥

32,287

¥

27,180

$

222,966

See accompanying Notes to Consolidated Financial Statements.

2

HOSOKAWA MICRON CORPORATION

AND SUBSIDIARIES

Consolidated Balance Sheets (Continued)

September 30, 2022 and 2021

Thousands of

U.S. dollars

Millions of yen

(Note 1)

2022

2021

2022

Net assets (Note 12):

Shareholders' equity

Common stock: (*1)

Authorized - 19,869,400 shares

Issued - 17,230,538 shares at September 30, 2022

17,230,538 shares at September 30, 2021

¥

14,496

¥

14,496

$

100,105

Capital surplus

5,209

5,121

35,978

Retained earnings

35,320

32,528

243,907

Treasury stock: (*2)

1,010,404 shares at September 30, 2022

1,023,490 shares at September 30, 2021

(2,402)

(2,350)

(16,589)

Total shareholders' equity

52,624

49,796

363,401

Accumulated other comprehensive income:

Net unrealized gains (losses) on available-for-sale securities

195

195

1,352

Unrealized gains (losses) on hedging derivatives

(66)

(12)

(460)

Foreign currency translation adjustments

1,062

(3,526)

7,336

Remeasurements of defined benefit plans

(140)

(607)

(973)

Total accumulated other comprehensive income

1,050

(3,951)

7,254

Subscription rights to shares (Note 17)

83

90

577

Non-controlling interests

－

4

－

Total net assets

53,758

45,939

371,233

Total liabilities and net assets

¥

86,046

¥

73,119

$

594,199

(*1) The Company carried out a two-for-one stock split of common stock with an effective date of October 1, 2021. In accordance with it, common stock and treasury stock are calculated based on the assumption that the stock split had been carried out at the beginning of the previous fiscal year.

(*2) Treasury stock for the fiscal year ended September 30, 2022 includes 180,000 shares which an employment incentive plan ("RS Trust") holds.

See accompanying Notes to Consolidated Financial Statements.

3

HOSOKAWA MICRON CORPORATION

AND SUBSIDIARIES

Consolidated Statements of Income

Years Ended September 30, 2022 and 2021

Thousands of

U.S. dollars

Millions of yen

(Note 1)

2022

2021

2022

Net sales

¥

66,916

¥

60,754

$

462,101

Cost of sales

44,330

39,190

306,126

Gross profit

22,586

21,564

155,974

Selling, general and administrative expenses (Note 13)

17,072

15,193

117,898

Operating profit

5,513

6,370

38,076

Other income (expenses):

Net gains (losses) on valuation of derivatives

(26)

22

(184)

Interest and dividend income

94

72

653

Interest expenses

(39)

(37)

(271)

Equity in earnings of an affiliate

111

123

768

Net gains (losses) on disposal of property, plant and equipment

27

(3)

189

Net foreign exchange gains (losses)

83

(37)

575

Other, net

36

46

254

287

186

1,984

Income before income taxes

5,801

6,557

40,061

Income taxes (Note 11):

Current

1,670

1,451

11,539

Deferred

122

407

848

1,793

1,859

12,387

Net income

4,007

4,698

27,673

Net income attributable to non-controlling interests

－

(1)

－

Net income attributable to owners of the parent

¥

4,007

¥

4,699

$

27,673

U.S. dollars

Yen

(Note 1)

2022

2021

2022

Net income per share of common stock:

Basic

¥

247.11

¥

290.07

$

1.7

Diluted

246.43

289.15

1.7

Number of shares

Average number of shares of common stock outstanding (thousands)

Average number of shares of diluted common stock outstanding (thousands)

20222021

16,21616,201

16,26116,253

See accompanying Notes to Consolidated Financial Statements.

4

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Hosokawa Micron Corporation published this content on 16 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 December 2022 01:42:10 UTC.