May 12, 2023

Quarterly Financial Results for the Fiscal Year Ending September 30, 2023 (J-GAAP)

(2nd Quarter / October 1, 2022 -

March 31, 2023)

Company Name

Hosokawa Micron Corporation

Stock Exchange Listing

Tokyo Stock Exchange

Stock Code

6277

URL

https://www.hosokawamicron.co.jp

President

Kohei Hosokawa

Contact

Tetsuya Inoue, Executive Vice President, Administrator

Telephone

+81-(0)72-855-2225

Scheduled date of filing Quarterly Report

May 12, 2023

(Figures are rounded down to the nearest million yen)

1. Quarterly Consolidated Financial Results (October 1, 2022 to March 31, 2023)

(1) Consolidated Results of Operation

(Percentages represent year-on-year changes)

Net sales

Operating profit

Ordinary profit

Profit attributable to

owners of parent

Million yen

%

Million yen

%

Million yen

%

Million yen

%

2nd quarter ended Mar. 2023

37,182

14.1

3,204

5.8

3,367

7.7

2,529

4.7

2nd quarter ended Mar. 2022

32,600

18.0

3,028

18.6

3,126

16.0

2,415

25.2

(Reference) Comprehensive Income (million Yen)

2nd quarter ended Mar.2023: 2,629

2nd quarter ended Mar.2022: 4,437

Earnings per share

Diluted earnings per

share

Yen

Yen

2nd quarter ended Mar. 2023

156.37

155.94

2nd quarter ended Mar. 2022

148.96

148.56

(2) Consolidated Financial Position

Total assets

Net assets

Equity ratio

Million yen

Million yen

%

As of Mar. 31, 2023

87,317

52,197

59.7

As of Sept. 30, 2022

86,046

53,758

62.4

(Reference) Shareholders' Equity (million Yen)

Mar. 2023: 52,113

Sept. 2022: 53,674

2. Dividends

Dividends per share

1st Quarter

2nd Quarter

3rd Quarter

Year-end

Annual

Yen

Yen

Yen

Yen

Yen

Year ended Sept. 2022

(actual)

－

35.00

－

40.00

75.00

Year ended Sept. 2023

(actual)

－

37.50

Year ended Sept. 2023

(forecast)

－

37.50

75.00

Note: Revisions of the forecast dividends since the latest announcement: No

3. Consolidated Forecasts for the Fiscal Year Ending September 30, 2023 (October 1, 2022 - September 30, 2023)

(Percentages represent year-on-year changes)

Net sales

Operating profit

Ordinary profit

Profit attributable to

Earnings per

owners of parent

share

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

Full Year

70,000

4.6

6,500

17.9

6,500

12.6

4,500

12.3

277.49

Note: Revisions of the Consolidated forecast since the latest announcement: No

4. Others

  1. Changes in consolidated subsidiaries during the period (changes in scope of consolidation): None
  2. Adoption of simplified accounting treatment for quarterly closing: Yes
  3. Changes in accounting treatment for quarterly consolidated financial statement:

1) Changes in accounting policies due to the revision of accounting standards: Yes

Note 1: U.S. GAAP ASU2016-02 (Lease) has been applied to consolidated companies applying U.S. GAAP from the beginning of the current fiscal year.

Note 2: ASBJ Guidance No. 31 (Implementation Guidance on Accounting Standard for Fair Value Measurement) has been applied to consolidated companies in Japan from the beginning of the current fiscal year.

    1. Changes in accounting policies other than 1) above: None
    2. Changes in accounting estimates: None
    3. Retrospective restatement: None
  2. Number of shares outstanding (common stock)
    1. Number of shares outstanding at the end of the period (incl. treasury stock)

Mar. 2023:

17,230,538 shares

Sept. 2022:

17,230,538 shares

2) Number of treasury stock at the end of the period

Mar. 2023:

2,215,896 shares

Sept. 2022:

1,010,404 shares

3) Average number of shares in the fiscal year

Mar. 2023:

16,176,697 shares

Mar. 2022:

16,213,709 shares

  • This quarterly consolidated financial statements is not subject to quarterly review procedures.
  • Explanation regarding appropriate use of earnings forecasts and other special notes

Note: The forecasts above are based on currently available information at the time of announcement. Actual results may differ from these forecasts for a number of factors.

5. Consolidated Financial Statements

(1) Consolidated Balance Sheets

(Millions of Yen)

As of September 30, 2022

As of March 31, 2023

Assets

Current Assets

Cash and deposits

25,617

24,307

Notes and accounts receivable-trade, and contract

17,043

18,587

assets

Electronically recorded monetary claims -

1,207

796

operating

Securities

1,999

－

Finished goods

3,227

3,013

Work in process

3,954

4,835

Raw materials and supplies

3,861

4,502

Other

1,919

2,402

Allowance for doubtful accounts

(335)

(270)

Total Current Assets

58,495

58,174

Non-Current Assets

Property, plant and equipment

Buildings and structures

23,346

23,856

Machinery, equipment and vehicles

14,492

14,868

Land

6,156

6,613

Construction in progress

189

906

Other

3,010

3,301

Accumulated depreciation and

(23,164)

(24,037)

impairment loss

Total property, plant and equipment

24,031

25,509

Intangible assets

Goodwill

158

150

Other

840

916

Total intangible assets

998

1,066

Investments and other assets

Investment securities

1,562

1,684

Deferred tax assets

844

759

Other

118

127

Allowance for doubtful accounts

(5)

(5)

Total investments and other assets

2,520

2,565

Total Non-Current Assets

27,550

29,142

Total Assets

86,046

87,317

(Millions of Yen)

As of September 30, 2022

As of March 31, 2023

Liabilities

Current Liabilities

Notes and accounts payable-trade

7,824

8,260

Electronically recorded obligations - operating

1,350

2,011

Short-term loans payable

－

400

Current portion of long-term loans payable

517

134

Accrued expenses

3,649

3,335

Income taxes payable

470

792

Contract liabilities

9,311

10,639

Provision for bonuses

533

319

Provision for directors' bonuses

83

49

Provision for product warranties

932

969

Provision for share awards

339

8

Other

2,222

1,700

Total Current Liabilities

27,235

28,621

Non-Current Liabilities

Long-term loans payable

792

1,708

Provision for share awards

11

14

Net defined benefit liability

2,866

2,862

Deferred tax liabilities

1,239

1,350

Other

142

562

Total Non-Current Liabilities

5,051

6,498

Total Liabilities

32,287

35,119

Net Assets

Shareholders' Equity

Capital stock

14,496

14,496

Capital surplus

5,209

5,213

Retained earnings

35,320

37,193

Treasury stock

(2,402)

(5,940)

Total Shareholders' Equity

52,624

50,963

Accumulated other comprehensive income

Valuation difference on available-for-sale

195

359

securities

Deferred gains or losses on hedges

(66)

73

Foreign currency translation adjustment

1,062

861

Remeasurements of defined benefit plans

(140)

(143)

Total accumulated other comprehensive

1,050

1,150

income

Subscription rights to shares

83

83

Total Net Assets

53,758

52,197

Total Liabilities and Net Assets

86,046

87,317

(2) Consolidated Statements of Income

(Millions of Yen)

Oct. 1, 2021 - Mar. 31, 2022

Oct. 1, 2022- Mar. 31, 2023

Net sales

32,600

37,182

Cost of sales

21,504

24,725

Gross profit

11,095

12,457

Selling, general and administrative expenses

8,067

9,253

Operating profit

3,028

3,204

Non-operating income

Interest income

19

90

Dividend income

16

20

Equity in earnings of affiliates

43

27

Foreign exchange gains

21

－

Gain on valuation of derivatives

－

18

Penalty income

－

31

Other

35

66

Total non-operating Income

136

255

Non-operating expenses

Interest expenses

8

4

Foreign exchange losses

－

81

Loss on valuation of derivatives

22

－

Other

7

6

Total non-operating Expenses

37

91

Ordinary profit

3,126

3,367

Extraordinary income

Gain on sales of non-current assets

42

0

Total extraordinary income

42

0

Extraordinary losses

Loss on sales and retirement of non-current assets

3

0

Total extraordinary loss

3

0

Income before income taxes

3,165

3,367

Income taxes

750

838

Net income

2,415

2,529

Profit attributable to owners of parent

2,415

2,529

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Hosokawa Micron Corporation published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 06:42:10 UTC.