Harada Industry : Summary of Consolidated Financial Results

Summary of Consolidated Financial Results

for Fiscal Year Ended March 31, 2023

Company Name: HARADA INDUSTRY CO., LTD.	May 12, 2023
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 29 , 2023
Filing Date of Annual Securities Report (as Planned): June 29, 2023
Dividend Payable Date (as Planned): June 30, 2023
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, 2023 (April 1, 2022 to March 31, 2023)

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 2022	42,105		17.6	(721)			-		(899)		-			(1,531)	-
Fiscal 2021	35,811		3.2	(1,163)			-		(951)		-			(1,105)	-
(Notes) Comprehensive income:
Fiscal 2022: 69 million yen ( -%)
Fiscal 2021: (327) 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 2022	(70.40)		-				(13.7)				(2.4)			(1.7)
Fiscal 2021	(50.83)		-				(9.7)				(2.8)			(3.2)
(Notes) Investment profit (loss) on equity method:
Fiscal 2022: (0) million yen
Fiscal 2021: (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 2022	40,131				11,166				27.8					513.38
Fiscal 2021	35,942				11,205				31.2					515.17
(Notes) Owner's	equity:
Fiscal 2022: 11,166 million yen
Fiscal 2021: 11,205 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 2022			558				(569)				2,002					5,948
Fiscal 2021	(3,569)				(131)				2,503					3,726

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 2021	-		0.00		-	5.00			5.00				108	-				1.0
Fiscal 2022	-		0.00		-	5.00			5.00				108	-				1.0
Fiscal 2023	-		0.00		-	7.50			7.50					10.9
(forecasts)
3. Consolidated Forecasts (April 1, 2023 to March 31, 2024)			(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	20,000	1.9			(100)			-		(400)		-	1,400			-		64.37
Full year	40,000	(5.0)			300			-		100		-	1,500			-		68.96

*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: Yes
   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 2022	21,758,000	Fiscal 2021	21,758,000
Fiscal 2022	7,218	Fiscal 2021	7,218
Fiscal 2022	21,750,782	Fiscal 2021	21,750,782

(Reference) Overview of Non-consolidated Financial Results

Non-consolidated Financial Results for Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)

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 2022	17,049		15.0	206		-	556		-	(946)	-
Fiscal 2021	14,825		(2.5)	(389)		-	(176)		-	(485)	-
	Basic earnings	Diluted earnings per
	per share		share
			Yen			Yen
Fiscal 2022			(43.52)			-
Fiscal 2021			(22.31)			-
2) Non-consolidated Financial Positions
	Total assets	Net assets		Capital adequacy ratio	Net assets per share
	Millions of Yen	Millions of Yen			%		Yen
Fiscal 2022			25,961			4,854			18.7		223.18
Fiscal 2021			23,059			5,893			25.6		270.94
(Notes) Owner's	equity:

Fiscal 2022: 4,854 million yen

Fiscal 2021: 5,893 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.