Hosiden : Financial Results for the First Three Months Ended June 30, 2023 (numerical information only)

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

August 9, 2023

Consolidated Financial Results

for the First Three Months Ended June 30, 2023

(Under Japanese GAAP)

Company name:	Hosiden Corporation
Listing:	Tokyo Stock Exchange
Securities code:	6804
URL:	https://www.hosiden.com/en/
Representative:	Kenji Furuhashi, President and CEO
Inquiries:	Takafumi Tsuru, Senior Executive Officer and General Manager of President Office
Telephone:	[phone]

Scheduled date to file quarterly securities report:	August 10, 2023
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:	None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the first three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)

(1) Consolidated operating results (cumulative)		(Percentages indicate year-on-year changes.)
		Net sales	Operating profit	Ordinary profit	Profit attributable to
		owners of parent
Three months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
June 30, 2023		56,273	(21.0)	2,596	(61.5)	5,460	(50.5)	3,658	(50.7)
June 30, 2022		71,230	39.4	6,744	129.5	11,040	260.1	7,423	234.4
(Note) Comprehensive income	For the first three months ended June 30, 2023	5,185 million yen	[(36.5)%]
		For the first three months ended June 30, 2022	8,171 million yen	[165.9%]
	Basic earnings per	Diluted earnings per
		share		share
Three months ended			Yen		Yen
June 30, 2023			69.79		64.07
June 30, 2022			135.09		124.88

(2) Consolidated financial position

	Total assets	Net assets
As of	Millions of yen	Millions of yen
June 30, 2023	180,512	126,564
March 31, 2023	179,993	126,753
(Reference) Equity
As of June 30, 2023	126,564 million yen
As of March 31, 2023	126,753 million yen

Equity-to-asset ratio

%

70.1

70.4

2. Cash dividends

		Annual dividends per share
	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
	Yen	Yen	Yen	Yen	Yen
Fiscal year ended	-	23.00	-	48.00	71.00
March 31, 2023
Fiscal year ending	-
March 31, 2024
Fiscal year ending		24.00	-	24.00	48.00
March 31, 2024
(Forecast)

(Note) Revision of cash dividend forecast most recently announced: None

3. Consolidated financial results forecasts for the fiscal year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

(Percentages indicate year-on-year changes.)

								Profit attributable to	Basic
	Net sales		Operating profit	Ordinary profit	earnings per
		owners of parent
								share
	Millions of		%	Millions of	%	Millions of	%	Millions of	%	Yen
	yen		yen	yen	yen
Six months ending	130,000		7.7	5,000	(50.7)	5,500	(65.8)	4,300	(60.7)	80.71
September 30, 2023
Full year	255,000		(8.0)	10,000	(36.5)	11,000	(42.1)	8,500	(32.7)	159.54

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

Financial results forecasts are based on the assumption of a foreign exchange rate of 134 yen per U.S. dollar, and remain unchanged.

Notes

1. Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change in scope of consolidation): None

Newly included:	- companies (Company name)
Excluded:	- companies (Company name)

1. Application of specific accounting for preparing quarterly consolidated financial statements: None
2. Changes in accounting policies, changes in accounting estimates, and restatement
3. 1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
   2. Changes in accounting policies due to other reasons: None
   3. Changes in accounting estimates: None
   4. Restatement: None
4. Number of issued shares (common shares)
5. 1. Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2023

As of March 31, 2023

63,010,084 shares

63,010,084 shares

(ii) Number of treasury shares at the end of the period

As of June 30, 2023

As of March 31, 2023

11,331,898 shares

9,731,778 shares

1. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2023

Three months ended June 30, 2022

52,419,900 shares

54,955,029 shares

Notes:1. Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.

2. Explanation on proper use of earnings forecasts, and other special matters

The forward-looking statements about the future financial results of this document are future forecasts based on the judgment of Hosiden Corporation (the "Company") taking into account the information currently available, and the Company does not intend to make a warranty of their achievement. These forward-looking statements contain various potential risks and uncertainties, and actual results may be materially different from the forward-looking statements due to various material factors. Therefore, the Company asks not to depend highly on these forward-looking statements.

Hosiden Corporation (6804) Consolidated Financial Results for the First Three Months Ended June 30, 2023

Quarterly consolidated financial statements and significant notes thereto

Quarterly consolidated balance sheets

			(Millions of yen)
		As of March 31, 2023	As of June 30, 2023
Assets
Current assets
Cash and deposits	57,418	57,249
Notes and accounts receivable - trade, and contract	34,970	29,208
assets
Securities	13,335	10,618
Merchandise and finished goods	9,691	10,548
Work in process	5,107	3,598
Raw materials and supplies	26,469	35,529
Other	4,913	5,361
Allowance for doubtful accounts	(27)	(27)
Total current assets	151,878	152,088
Non-current assets
Property, plant and equipment	17,495	17,299
Intangible assets	423	438
Investments and other assets
Investment securities	5,643	6,156
Other	4,839	4,816
Allowance for doubtful accounts	(287)	(287)
Total investments and other assets	10,195	10,685
Total non-current assets	28,114	28,423
Total assets		179,993	180,512

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Hosiden Corporation (6804) Consolidated Financial Results for the First Three Months Ended June 30, 2023

			(Millions of yen)
		As of March 31, 2023	As of June 30, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade	25,772	28,824
Short-term borrowings	2,189	1,050
Income taxes payable	3,910	2,046
Other	6,048	6,227
Total current liabilities	37,919	38,149
Non-current liabilities
Bonds with share acquisition rights	10,030	10,024
Retirement benefit liability	3,170	3,151
Other	2,118	2,621
Total non-current liabilities	15,319	15,797
Total liabilities	53,239	53,947
Net assets
Shareholders' equity
Share capital	13,660	13,660
Capital surplus	19,596	19,596
Retained earnings	100,808	101,909
Treasury shares	(10,695)	(13,511)
Total shareholders' equity	123,370	121,655
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	2,381	2,893
Foreign currency translation adjustment	666	1,712
Remeasurements of defined benefit plans	334	303
Total accumulated other comprehensive income	3,382	4,909
Total net assets	126,753	126,564
Total liabilities and net assets		179,993	180,512

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