Hitachi Zosen Corporation

Report of Consolidated Financial Results - June 2022

Report of Consolidated Financial Results

For the Three Months Ended June 30, 2022

August 1, 2022

Name of Company:

Hitachi Zosen Corporation

Code Number:

7004

URL: https://www.hitachizosen.co.jp

Stock Exchange Listing:

Tokyo

Representative:

Sadao Mino, President & Chief Executive Officer

Contact Person:

Tetsuro Iwashita, Executive Officer, General Manager of Accounting Department

tel. +81-6-6569-0001

This "Consolidated Financial Results" has been prepared in accordance with accounting principles generally accepted in Japan.

(Figures are rounded down to the nearest million yen.)

1. Business results and financial position for the three months ended June 30, 2022 (April 1 - June 30, 2022)

(1) Results of operations (Accumulated)

(Percentages show rates of increase or decrease from the period a year earlier.)

Net sales

Operating income

Ordinary income

Profit attributable to

(million yen)

(%)

(million yen)

(%)

(million yen)

(%)

shareholders of Hitachi Zosen

(million yen)

(%)

3 months ended Jun. 30, 2022

96,350

19.8

-924

-1,741

-2,020

3 months ended Jun. 30, 2021

-2,028

80,434

6.4

-2,661

-2,649

Net income

Net income

per share

per share-diluted

(yen)

(yen)

3 months ended Jun. 30, 2022

-11.99

3 months ended Jun. 30, 2021

-15.72

(2) Financial position

Total assets

Net assets

Shareholders' equity

(million yen)

(million yen)

to total assets

(%)

As of Jun 30, 2022

443,438

125,947

28.0

As of March 31, 2022

461,161

28.5

132,926

(Note) Shareholders' equity: Yen 124,216 million (June 30, 2022), Yen 131,299 million (March 31, 2022)

2. Dividends

Record Date

Dividends per share (yen)

Interim

Year-end

Annual

Year ended March 31, 2022

0.0

12.0

12.0

Year ending March 31, 2023

Year ending March 31, 2023 (Forecast)

0.0

15.0

15.0

(Note) Revisions to the dividends forecast most recently announcedNone

Hitachi Zosen Corporation

Report of Consolidated Financial Results - June 2022

3. Forecast of consolidated earnings for the fiscal year ending March 31, 2023 (April 1, 2022 - March 31, 2023)

(Percentages show rates of increase or decrease from the period a year earlier.)

Net sales

Operating income

Ordinary income

Profit attributable to

Net income per

shareholders of Hitachi Zosen

share - basic

(million yen)

(%)

(million yen)

(%)

(million yen)

(%)

(million yen)

(%)

(yen)

Year ending March 31, 2023

460,000

4.1

20,000

28.7

16,000

35.8

10,000

26.6

59.34

(Note) Revisions to the forecast of consolidated earnings most recently announcedYes

4. Notes

  1. Changes in major subsidiaries during the period: None
  2. Specific accounting policies applied in the quarterly consolidated financial statements: Yes
  3. Changes in accounting policies, changes in accounting estimates and restatements
    1. Changes in accounting policies as per the revision of accounting standards: None
    2. Changes in accounting policies other than (i) above: None
    3. Changes in accounting estimates: None
    4. Restatements: None
  4. Number of shares issued and outstanding (common stock)
    1. Number of shares issued and outstanding (including treasury stock)

June 30, 2022

170,214,843 shares

March 31, 2022

170,214,843 shares

(ii) Number of shares held in treasury

June 30, 2022

1,684,044 shares

March 31, 2022

1,683,577 shares

(iii) Average number of shares during the respective periods

Three months ended June 30, 2022

168,531,042 shares

Three months ended June 30, 2021

168,535,404 shares

  1. This report is out of scope of Quarterly Reviews.
  2. Forward-lookingstatements are based on information currently available to Hitachi Zosen Corporation. Therefore, those forward-looking statements include unknown risks and uncertainties. Accordingly, you should note that the actual results could differ materially from those forward-looking statements. Risks and uncertainties that could influence the ultimate outcome include, but are not limited, to the economic conditions surrounding Hitachi Zosen Corporation.

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HITZ - Hitachi Zosen Corporation published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 06:13:22 UTC.