Harada Industry : Second Quarter Consolidated Financial Report

Second Quarter Consolidated

Financial Report

Fiscal Year Ending March 31, 2022

Stock Code 6904

HARADA INDUSTRY CO., LTD.

26-2, Minamiohi 6-chome,Shinagawa-ku, Tokyo 140-0013, Japan

https://www.harada.com

HARADA INDUSTRY CO., LTD.

Table of Contents
Segment Information	2
Changes in Common Stock and Number of Shares Outstanding	3
Shares	3
Directors and Corporate Auditors	3
Second Quarter Consolidated Balance Sheets	4
Second Quarter Consolidated Statements of Income	5
Second Quarter Consolidated Statements of Comprehensive Income	6
Second Quarter Consolidated Statements of Cash Flows	7

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HARADA INDUSTRY CO., LTD.

Segment Information

Sales and Profit or Loss Information by Reportable Segments (April 1 to September 30, 2020)

							(Thousands of yen)
		Reportable segments				Quarterly
							Adjustment	consolidated
			North and				(Note 1)	income
	Japan	Asia	Central		Europe	Total	statements
			Americas					(Note 2)
Sales
Sales to external customers	5,287,134	3,241,581	3,982,895		1,458,330	13,969,942	－	13,969,942
Intersegment sales or transfers	865,936	5,531,181	159,354		451,565	7,008,037	(7,008,037)	－
Total sales	6,153,070	8,772,762	4,142,250		1,909,895	20,977,979	(7,008,037)	13,969,942
Segment profit	(647,385)	(543,282)	(395,248)		(86,939)	(1,672,855)	190,076	(1,482,779)
Notes:

1. Adjustment amount of 190,076 thousand yen for segment profit is eliminations between segment transaction.
2. Segment profit is adjusted on operating income on the quarterly consolidated statements of income.

(April 1 to September 30, 2021)

							(Thousands of yen)
		Reportable segments				Quarterly
							Adjustment	consolidated
			North and				(Note 1)	income
	Japan	Asia	Central		Europe	Total	statements
			Americas					(Note 2)
Sales
Sales to external customers	6,131,621	4,423,888	4,974,697		2,690,122	18,220,329	－	18,220,329
Intersegment sales or transfers	923,619	8,878,640	93,419		842,393	10,738,073	(10,738,073)	－
Total sales	7,055,240	13,302,529	5,068,117		3,532,516	28,958,403	(10,738,073)	18,220,329
Segment profit	(1,083)	250,991	89,216		(181,347)	157,777	(80,954)	76,823
Notes:

1. Adjustment amount of (80,954) thousand yen for segment profit is eliminations between segment transaction.
2. Segment profit is adjusted on operating income on the quarterly consolidated statements of income.

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HARADA INDUSTRY CO., LTD.

Changes in Common Stock and Number of Shares Outstanding

	Shares outstanding	Share Capital	Capital surplus
	Increase or	Balance	Increase or	Balance	Increase or	Balance
Date	decrease	decrease	decrease
	(Shares)	(Thousands of yen)	(Thousands of yen)
From April 1 to September 30, 2021	－ 21,758,000	－ 2,019,181	－ 1,859,981

Shares

Class of shares	Number of shares authorized
Common shares	70,000,000
Total	70,000,000
Class of shares	Common
Issued
As of September 30, 2021	21,758,000
As of November 10, 2021	21,758,000

Stock exchange listings or registration	Tokyo Stock Exchange, Inc.
(First Section)

Directors and Corporate Auditors

Shoji Harada	Chairman and Representative Director
Yasuharu Miyake	President and Representative Director
Yoichi Hiyama	Executive Managing Director
Satoru Kamiyama	Executive Managing Director
Toru Sasaki	Director
Takashi Aoki	Director
Michiyo Oikawa	Director
Koji Kuwahara	Director
Takashi Matsubara	Corporate Auditor
Hideto Matsuzawa	Corporate Auditor
Kazuhito Arata	Corporate Auditor

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HARADA INDUSTRY CO., LTD.

Second Quarter Consolidated Balance Sheets

		(Thousands of yen)
	As of March 31, 2021	As of September 30, 2021
Assets
Current assets
Cash and deposits	4,660,725	5,252,933
Notes and accounts receivable-trade	7,360,091	－
Notes and accounts receivable-trade, and contract assets	－	5,831,527
Merchandise and finished goods	5,549,763	6,760,735
Work in process	660,734	617,968
Raw materials and supplies	4,432,513	5,585,164
Other	816,851	861,153
Allowance for doubtful accounts	(24,492)	(25,704)
Total current assets	23,456,187	24,883,778
Non-current assets
Property, plant and equipment	6,187,892	6,353,364
Intangible assets	239,516	199,541
Investments and other assets	2,911,389	2,918,133
Total non-current assets	9,338,798	9,471,040
Total assets	32,794,985	34,354,818
Liabilities
Current liabilities
Notes and accounts payable-trade	3,336,962	2,074,184
Electronically recorded obligations-operating	974,921	774,647
Short-term borrowings	12,512,446	14,868,147
Current portion of long-term borrowings	28,807	47,702
Income taxes payable	397,216	457,524
Provision for bonuses	263,239	263,043
Other	1,801,732	1,667,747
Total current liabilities	19,315,326	20,152,998
Non-current liabilities
Long-term borrowings	662,033	656,118
Retirement benefit liability	208,230	233,367
Other	1,021,329	989,755
Total non-current liabilities	1,891,593	1,879,241
Total liabilities	21,206,919	22,032,240
Net assets
Shareholders' equity
Share capital	2,019,181	2,019,181
Capital surplus	1,859,981	1,859,981
Retained earnings	8,755,535	8,600,061
Treasury shares	(2,446)	(2,446)
Total shareholders' equity	12,632,252	12,476,778
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	15,375	17,497
Foreign currency translation adjustment	(995,548)	(110,136)
Remeasurements of defined benefit plans	(64,013)	(61,560)
Total accumulated other comprehensive income	(1,044,186)	(154,200)
Total net assets	11,588,065	12,322,578
Total liabilities and net assets	32,794,985	34,354,818

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