HIMACS : Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP)

				July 29, 2022
Company name:	HIMACS,Ltd.
Stock exchange listing:	Tokyo
Stock code:	4299	URL https://www.himacs.jp/
Representative:	President/CEO	Tsuyoshi Nakajima
Inquiries:	Executive Officer	Kikuo Okada	TEL [phone]
Corporate Management Division Director
Scheduled date to file Quarterly Securities Report:	August 5, 2022
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	Yes
Holding of quarterly financial results meeting:	No

(Amounts are rounded off to the nearest million yen)

1. Consolidated financial results for the 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
	Millions of yen		%	Millions of yen		%	Millions of yen			%	Millions of yen	%
Three months ended June 30, 2022	4,437		17.4		402		37.1		404		37.7		276	39.3
Three months ended June 30, 2021	3,779		0.1		293		1.8		293			1.1		198	1.5
	Earnings per share		Diluted earnings per share
			Yen						Yen
Three months ended June 30, 2022			23.76						-
Three months ended June 30, 2021			17.13						-
(2) Consolidated financial position
	Total assets				Net assets		Equity ratio			Net assets per share
	Millions of yen			Millions of yen					%			Yen
As of June 30, 2022		12,074						9,525				78.9			820.41
As of March 31, 2022		12,257						9,510				77.6			819.07
2. Cash dividends
						Annual dividends per share
	1st quarter-end	2nd quarter-end		3rd quarter-end	Fiscal year-end	Total
	Yen				Yen			Yen				Yen		Yen
Year ended March 31, 2022		-			17.50				-				22.50		40.00
Year ending March 31, 2023		-
Year ending March 31, 2023 (Forecast)					21.00				-				21.00		42.00

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

Percentages indicate year-on-year changes

	Net sales		Operating profit		Ordinary profit		Profit attributable to	Earnings per share
				owners of parent
Six months ending	Millions of yen	%	Millions of yen		%	Millions of yen		%	Millions of yen		%	Yen
8,600	8.8	750		0.1	752		0.1	514		1.3	44.23
September 30, 2022
Full year	17,750	6.4	1,770		3.1	1,770		3.0	1,214		0.1	104.40

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4. Notes

1. Changes in significant subsidiaries during the three months ended June 30, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

Yes

(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:	No
Changes in accounting policies due to other reasons:	No
Changes in accounting estimates:	No
Restatement of prior period financial statements:	No

(4) Number of issued shares (common shares)

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

	As of June 30, 2022	12,412,992	shares	As of March 31, 2022	12,412,992	shares
Number of treasury shares at the end of the period
	As of June 30, 2022	803,384	shares	As of March 31, 2022	802,894	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Three months ended June 30, 2022	11,609,784	shares	Three months ended June 30, 2021	11,558,073	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2022	As of June 30, 2022
Assets
Current assets
Cash and deposits	7,386	7,281
Accounts receivable - trade	2,485	2,476
Contract assets	274	87
Work in process	61	90
Other	80	185
Total current assets	10,286	10,119
Non-current assets
Property, plant and equipment	129	123
Intangible assets	41	36
Investments and other assets
Long-term time deposits	600	600
Other	1,203	1,199
Allowance for doubtful accounts	(2)	(2)
Total investments and other assets	1,800	1,796
Total non-current assets	1,970	1,955
Total assets	12,257	12,074
Liabilities
Current liabilities
Accounts payable - trade	792	817
Income taxes payable	359	146
Contract liabilities	30	96
Provision for bonuses	754	336
Provision for bonuses for directors (and other officers)	34	8
Other	467	833
Total current liabilities	2,436	2,237
Non-current liabilities
Retirement benefit liability	302	303
Other	9	9
Total non-current liabilities	311	313
Total liabilities	2,747	2,550
Net assets
Shareholders' equity
Share capital	689	689
Capital surplus	703	703
Retained earnings	8,427	8,441
Treasury shares	(308)	(308)
Total shareholders' equity	9,511	9,525
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	3	2
Remeasurements of defined benefit plans	(4)	(3)
Total accumulated other comprehensive income	(1)	(0)
Total net assets	9,510	9,525
Total liabilities and net assets		12,257	12,074

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)
		Three months ended	Three months ended
		June 30, 2021	June 30, 2022
Net sales	3,779	4,437
Cost of sales	3,001	3,527
Gross profit	778	910
Selling, general and administrative expenses	485	508
Operating profit	293	402
Non-operating income
Miscellaneous income	1	2
Total non-operating income	1	2
Non-operating expenses
Miscellaneous losses	1	0
Total non-operating expenses	1	0
Ordinary profit	293	404
Profit before income taxes	293	404
Income taxes	95	128
Profit	198	276
Profit attributable to owners of parent		198	276

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Consolidated statements of comprehensive income (cumulative)

		(Millions of yen)
	Three months ended	Three months ended
	June 30, 2021	June 30, 2022
Profit	198	276
Other comprehensive income
Valuation difference on available-for-sale securities	0	(0)
Remeasurements of defined benefit plans, net of tax	(6)	1
Total other comprehensive income	(6)	1
Comprehensive income	192	276
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	192	276
Comprehensive income attributable to non-controlling	-	-
interests

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