Hosiden : Financial Results for the three months ended June.30,2022

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 5, 2022

Consolidated Financial Results

for the First Three Months Ended June 30, 2022

(Under Japanese GAAP)

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

Scheduled date to file quarterly securities report:	August 8, 2022
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, 2022 (from April 1, 2022 to June 30, 2022)

(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, 2022		71,230		39.4	6,744		129.5		11,040	260.1		7,423	234.4
June 30, 2021		51,101		0.8	2,938		84.9		3,066	113.4		2,219	99.3
(Note) Comprehensive income	For the first three months ended June 30, 2022	8,171 million yen	[165.9%]
		For the first three months ended June 30, 2021	3,072 million yen	[160.0%]
	Basic earnings per	Diluted earnings per
		share	share
Three months ended				Yen			Yen
June 30, 2022			135.09		124.88
June 30, 2021			39.32		36.48
(2) Consolidated financial position
		Total assets	Net assets	Equity-to-asset ratio
As of		Millions of yen	Millions of yen			%
June 30, 2022			173,428		124,682			71.9
March 31, 2022			171,525		119,533			69.7
(Reference) Equity
As of June 30, 2022		124,682 million yen
As of March 31, 2022		119,533 million yen

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	-	10.00	-	55.00	65.00
March 31, 2022
Fiscal year ending	-
March 31, 2023
Fiscal year ending		23.00	-	23.00	46.00
March 31, 2023
(Forecast)

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

3. Consolidated financial results forecasts for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(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	120,000		24.0	9,500	44.2	14,000	88.9	10,000	66.8	181.97
September 30, 2022
Full year	-		-	-	-	-	-	-	-	-

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

Financial results forecasts are based on the assumption of a foreign exchange rate of 136 yen per U.S. dollar.

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. 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, 2022	64,710,084 shares
As of March 31, 2022	64,710,084 shares

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

As of June 30, 2022	9,755,084 shares
As of March 31, 2022	9,755,041 shares

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

Three months ended June 30, 2022	54,955,029 shares
Three months ended June 30, 2021	56,456,099 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, 2022

Quarterly consolidated financial statements and significant notes thereto

Quarterly consolidated balance sheets

			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	49,794	50,447
Notes and accounts receivable - trade, and contract	25,864	41,576
assets
Securities	13,699	10,599
Merchandise and finished goods	9,923	9,490
Work in process	3,117	3,696
Raw materials and supplies	38,526	26,997
Other	4,690	4,639
Allowance for doubtful accounts	(45)	(50)
Total current assets	145,572	147,396
Non-current assets
Property, plant and equipment	18,559	18,970
Intangible assets	451	456
Investments and other assets
Investment securities	4,809	4,536
Other	2,423	2,358
Allowance for doubtful accounts	(290)	(290)
Total investments and other assets	6,942	6,604
Total non-current assets	25,952	26,031
Total assets		171,525	173,428

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Hosiden Corporation (6804) Consolidated Financial Results for the First Three Months Ended June 30, 2022

			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	23,614	19,916
Short-term borrowings	2,040	2,101
Income taxes payable	3,179	4,006
Other	7,470	7,041
Total current liabilities	36,305	33,066
Non-current liabilities
Bonds with share acquisition rights	10,051	10,046
Retirement benefit liability	3,577	3,567
Other	2,057	2,065
Total non-current liabilities	15,686	15,679
Total liabilities	51,991	48,745
Net assets
Shareholders' equity
Share capital	13,660	13,660
Capital surplus	19,596	19,596
Retained earnings	94,320	98,721
Treasury shares	(9,586)	(9,586)
Total shareholders' equity	117,990	122,392
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	2,495	2,304
Foreign currency translation adjustment	(1,334)	(361)
Remeasurements of defined benefit plans	381	346
Total accumulated other comprehensive income	1,542	2,290
Total net assets	119,533	124,682
Total liabilities and net assets		171,525	173,428

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