Consolidated Financial Results for the First Quarter Ended June 31,2022（PDF:164.4 KB）

Consolidated Financial Results

for the First Quarter Ended June 30, 2022

[Japanese GAAP] (Unaudited)

August 12, 2022

Company name: HIRANO TECSEED Co., Ltd.

Stock exchange listing: Tokyo Stock Exchange

Code number: 6245

URL: https://www.hirano-tec.co.jp/

Representative: Kaoru Okada, President and Director

Contact: Masashi Hara, Director and General Manager, General Affairs Division

Phone: [phone]

Scheduled date of filing quarterly securities report: August 12, 2022

Scheduled date of commencing dividend payments: -

Supplemental Explanatory Materials for Quarterly Account Settlement: None

Explanatory Meeting for Quarterly Account Settlement to be held: None

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the First Quarter Ended June 30, 2022 (April 1, 2022 to June 30, 2022)

(1) Consolidated Operating Results		(% indicates changes from the previous corresponding period.)
	Net sales		Operating income	Ordinary income	Net income
		attributable to
							owners of parent
Three months ended	million yen	%	million yen	%	million yen	%	million yen	%
9,226	4.3	674	(44.7)	734	(42.4)	505	(43.3)
June 30, 2022
Three months ended	8,847	－	1,219	－	1,274	－	892	－
June 30, 2021

(Note) Comprehensive income: Three months ended June 30, 2022: ¥409 million (down 50.0%) Three months ended June 30, 2021: ¥818 million (−%)

	Basic earnings per share	Diluted earnings per share
Three months ended	yen		yen
33.58		－
June 30, 2022
Three months ended	59.25		－
June 30, 2021
(Note) The "Accounting	Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020), etc. was
adopted from the beginning of the first quarter of the previous fiscal year. Accordingly, each figure for the first
quarter ended June 30, 2021 reflects the adoption of the accounting standard, etc., and percentage changes from the
previous corresponding period are not provided.
(2) Consolidated Financial Position
	Total assets	Net assets	Equity ratio
	million yen	million yen	%
As of June 30, 2022	48,955	34,451	70.4
As of March 31, 2022	50,461	34,463	68.3

(Reference) Equity: As of June 30, 2022: ¥34,451million As of March 31, 2022: ¥34,463 million

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2. Dividends

			Annual dividends
		1st	2nd		3rd		Year-end		Total
		quarter-end	quarter-end		quarter-end
Fiscal year ended March 31, 2022		Yen	Yen		Yen		Yen		Yen
	－	28.00		－		28.00	56.00
Fiscal year ending March 31, 2023		－
Fiscal year ending March 31, 2023			28.00		－		28.00	56.00
(Forecast)
(Note) Revisions of the most recently	announced cash	dividend forecast:	None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

				(% indicates changes from the previous corresponding period.)
	Net sales		Operating income	Ordinary income	Net income	Basic
		attributable to	earnings
							owners of parent	per share
First half	million yen	%	million yen	%	million yen	%	million yen	%	yen
18,500	(0.6)	1,570	(42.3)	1,650	(40.9)	1,250	(37.1)	82.99
(cumulative
total)	42,000	10.9	3,400	(14.7)	3,500	(15.1)	2,600	(16.2)	172.61
Full year

(Note) Revisions of the most recently announced financial results forecast: None

Notes

1. Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
2. Application of special accounting methods for the preparation of quarterly consolidated financial statements: No
3. Changes in accounting policies, changes in accounting estimates, and restatement
4. 1. Changes in accounting policies due to the revisions of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Restatement: No
5. Total number of issued shares (common stock)

1) Total number of issued shares at the end of the period (including treasury stock):

	June 30, 2022:	15,394,379 shares
	March 31, 2022:	15,394,379 shares
2)	Total number of treasury stock at the end of the period:
	June 30, 2022:	331,609 shares
	March 31, 2022:	331,562 shares
3)	Average number of shares during the period:
	Three months ended June 30, 2022:	15,062,782 shares
	Three months ended June 30, 2021:	15,057,594 shares

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Performance forecasts and other forward-looking statements contained in this report are based on information available on the date of this report's release. Because of various factors in the future, however, actual results may differ from the forecasts.

• This quarterly financial results report is outside the scope of quarterly review to be conducted by certified public accountants or an audit corporation.

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Consolidated Financial Statements

(1) Consolidated balance sheets

		(Thousands of yen)
	As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	12,020,286	11,974,281
Notes and accounts receivable - trade,	20,822,629	19,205,707
and contract assets
Electronically recorded monetary claims -	303,164	1,092,223
operating
Securities	3,999,982	2,999,982
Work in process	199,334	249,534
Raw materials and supplies	155,955	203,271
Other	1,514,775	1,700,016
Allowance for doubtful accounts	△62,606	△62,732
Total current assets	38,953,521	37,362,285
Non-current assets
Property, plant and equipment	6,756,356	6,858,356
Intangible assets	596,390	640,472
Investments and other assets
Investment securities	3,378,641	3,234,775
Other	777,033	859,300
Total investments and other assets	4,155,674	4,094,076
Total non-current assets	11,508,421	11,592,905
Total assets	50,461,942	48,955,190

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		(Thousands of yen)
	As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	3,225,200	2,534,072
Electronically recorded obligations -	4,542,091	5,146,198
operating
Short-term borrowings	－	200,000
Current portion of long-term borrowings	428,596	365,936
Income taxes payable	1,480,764	217,873
Advances received	3,302,697	3,162,417
Provision for bonuses	244,430	84,005
Provision for product warranties	65,639	56,986
Other	1,814,795	1,902,564
Total current liabilities	15,104,214	13,670,053
Non-current liabilities
Long-term borrowings	309,136	244,812
Provision for retirement benefits for	56,070	58,832
directors (and other officers)
Retirement benefit liability	441,888	443,657
Asset retirement obligations	16,127	16,209
Other	70,932	70,247
Total non-current liabilities	894,154	833,758
Total liabilities	15,998,368	14,503,811
Net assets
Shareholders' equity
Share capital	1,847,821	1,847,821
Capital surplus	1,353,184	1,353,184
Retained earnings	30,699,978	30,784,028
Treasury shares	△386,226	△386,320
Total shareholders' equity	33,514,758	33,598,714
Accumulated other comprehensive income
Valuation difference on available-for-	1,023,437	920,662
sale securities
Remeasurements of defined benefit plans	△74,621	△67,998
Total accumulated other comprehensive	948,815	852,664
income
Total net assets	34,463,574	34,451,378
Total liabilities and net assets	50,461,942	48,955,190

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