Harada Industry : Summary of Consolidated Financial Results

Summary of Consolidated Financial Results

for Fiscal Year Ended March 31, 2024

Company Name: HARADA INDUSTRY CO., LTD.	May 13, 2024
Securities Code: 6904	Stock Exchange: Tokyo
URL: https://www.harada.com	Inquiries: Yoichi Kamijo, Executive Officer
Representative: Yasuharu Miyake, President and Representative Director	Telephone Number: [phone]
Date of General Shareholders' Meeting (as Planned): June 27 , 2024
Filing Date of Annual Securities Report (as Planned): June 27, 2024
Dividend Payable Date (as Planned): June 28, 2024
Preparation of Supplement Material of Annual Results: Yes
Convening Briefing of Annual Results: No
	(Figures are rounded down to the nearest million yen.)

1. Consolidated Financial Results for Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)

1) Consolidated Operating Results							(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	%
Fiscal 2023	46,993		11.6		1,026			-		518	-			885	-
Fiscal 2022	42,105		17.6		(721)			-		(899)	-			(1,531)	-
(Notes) Comprehensive income:
Fiscal 2023: 855 million yen ( -%)
Fiscal 2022: 69 million yen ( -%)
	Basic earnings	Diluted earnings		Rate of return	Ordinary profit		Operating profit
	per share			per share		on equity	to total assets ratio		to net sales ratio
	Yen			Yen			%			%			%
Fiscal 2023	40.72			-				7.7			1.3			2.2
Fiscal 2022	(70.40)			-				(13.7)			(2.4)			(1.7)
(Notes) Investment profit (loss) on equity method:
Fiscal 2023: (0) million yen
Fiscal 2022: (0) million yen
2) Consolidated Financial Positions
	Total assets			Net assets		Capital adequacy ratio			Net assets per share
	Millions of Yen		Millions of Yen			%					Yen
Fiscal 2023	37,598					11,913			31.7					547.72
Fiscal 2022	40,131					11,166			27.8					513.38
(Notes) Owner's	equity:
Fiscal 2023: 11,913 million yen
Fiscal 2022: 11,166 million yen
3) Consolidated Cash Flows
	Cash flows			Cash Flows		Cash Flows		Cash and equivalents,
	from operating activities		from investing activities	from financing activities				end of period
	Millions of Yen		Millions of Yen		Millions of Yen				Millions of Yen
Fiscal 2023	2,423					2,568			(5,998)					5,141
Fiscal 2022			558					(569)			2,002					5,948

2. Dividends

		Annual dividends						Ratio of total
							Total dividend	Payout ratio		amount of
	First	Second	Third	Year				dividends to net
	Annual		paid	(consolidated)
	quarter	quarter	quarter	end			assets
										(consolidated)
	Yen	Yen	Yen	Yen	Yen		Millions of yen	%	%
Fiscal 2022	-	0.00	-	5.00	5.00	108	-	1.0
Fiscal 2023	-	0.00	-	15.00	15.00	326	36.8	2.8
Fiscal 2024	-	0.00	-	7.50	7.50			163.1
(forecasts)

(Notes) The detail of year-end dividend of Fiscal 2023; ordinary dividend 7.50 yen, extra dividend 7.50 yen.

3. Consolidated Forecasts (April 1, 2024 to March 31, 2025)	(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	21,000		(7.7)	300	(52.0)	100	(68.8)	50	(98.0)	2.30
Full year	42,000		(10.6)	500	(51.3)	200	(61.5)	100	(88.7)	4.60

*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. Changes in accounting policies, changes in accounting estimates and restatements
3. 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:

Fiscal 2023	21,758,000	Fiscal 2022	21,758,000
Fiscal 2023	7,268	Fiscal 2022	7,218
Fiscal 2023	21,750,742	Fiscal 2022	21,750,782

(Reference) Overview of Non-consolidated Financial Results

Non-consolidated Financial Results for Fiscal Year Ended March 31, 2024 (April 1, 2023 to March 31, 2024)

1) Non-consolidated Operating Results				(Percentages indicate percent change from the previous year.)
	Net Sales		Operating profit	Ordinary profit	Profit
	Millions of Yen		%	Millions of Yen		%	Millions of Yen	%	Millions of Yen	%
Fiscal 2023	19,222		12.7	1,045		406.5	1,275	129.2	1,496	-
Fiscal 2022	17,049		15.0	206		-	556	-	(946)	-
	Basic earnings	Diluted earnings per
	per share		share
			Yen			Yen
Fiscal 2023			68.79			-
Fiscal 2022			(43.52)			-
2) Non-consolidated Financial Positions
	Total assets	Net assets		Capital adequacy ratio	Net assets per share
	Millions of Yen	Millions of Yen		%		Yen
Fiscal 2023			25,780			6,305		24.5		289.92
Fiscal 2022			25,961			4,854		18.7		223.18
(Notes) Owner's	equity:

Fiscal 2023: 6,305 million yen

Fiscal 2022: 4,854 million yen

*This summary of financial results is exempt from audit 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.