Harada Industry : Summary of Financial Results for the first quarter 2023

Summary of Consolidated Financial Results

for the First Quarter of Fiscal Year Ending March 31, 2023

Company Name: HARADA INDUSTRY CO., LTD.																		August 12, 2022
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: [phone]
Filing Date of Quarterly Report (as Planned): August 12, 2022
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, 2023
(April 1, 2022 to June 30, 2022)
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 2022				9,619		(3.2)			(140)				-			(34)		-						(45)	-
1Q Fiscal 2021				9,933		22.8			39				-			4		-						(47)	-
(Notes) Comprehensive income:
1Q Fiscal 2022: 272 million yen ( - %)
1Q Fiscal 2021: 865 million yen ( - %)
				Basic earnings		Diluted earnings
				per share							per share
											Yen							Yen
1Q Fiscal 2022							(2.07)							-
1Q Fiscal 2021							(2.17)							-
2) Consolidated Financial Positions
				Total assets			Net assets			Capital adequacy ratio				Net assets per share
						Millions of Yen			Millions of Yen						%								Yen
1Q Fiscal 2022							37,064							11,369						30.7								522.72
Fiscal 2021							35,942							11,205						31.2								515.17
(Notes) Owner's	equity:
1Q Fiscal 2022: 11,369 million yen
Fiscal 2021: 11,205 million yen
2. Dividends
																	Annual dividends
				First quarter				Second quarter			Third quarter			Year end							Annual
							Yen			Yen						Yen						Yen					Yen
Fiscal 2021							-					0.00							-					5.00					5.00
Fiscal 2022							-
Fiscal 2022													0.00							-					7.50					7.50
(forecasts)
(Notes) Revisions	of dividends forecasts	from the most recent		announcement: None
3. Consolidated Forecasts (April 1, 2022 to March 31, 2023)			(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		19,000		4.3		(350)	-				(400)	-		(300)		-			(13.79)
Full year		40,000		11.7						200	-					100	-		70		-			3.22

(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
4. 1. Changes in accounting policies associated with the revisions of accounting standards: Yes
   2. Changes in accounting policies other than above: None
   3. Changes in accounting estimates: None
   4. Restatements: None
5. 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 2022	21,758,000	Fiscal 2021	21,758,000
1Q Fiscal 2022	7,218	Fiscal 2021	7,218
1Q Fiscal 2022	21,750,782	1Q Fiscal 2021	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.