Harada Industry : Summary of Consolidated Financial Results for the Second Quarter
November 09, 2023
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Summary of Consolidated Financial Results
for the Second Quarter of Fiscal Year Ending March 31, 2024
Company Name: HARADA INDUSTRY CO., LTD.
November 10, 2023
Securities Code: 6904
Listing: Tokyo Stock Exchange
URL:https://www.harada.com
Inquiries: Yoichi Kamijo, Executive Officer
Representative: Yasuharu Miyake, President and Representative Director
Telephone Number: +81-3-3765-4321
Filing Date of Quarterly Report (as Planned): November 10, 2023
Dividend Payable Date (as Planned): -
Preparation of Supplement Material of Quarterly Results: Yes
Convening Briefing of Quarterly Results: None
(Figures are rounded down to the nearest million yen.)
1. Consolidated Financial Results for the Second Quarter of Fiscal Year Ending March 31, 2024
(April 1, 2023 to September 30, 2023)
1) Consolidated Operating Results (Cumulative)
(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
%
2Q Fiscal 2023
22,762
15.9
625
-
320
-
2,555
-
2Q Fiscal 2022
19,636
7.8
(232)
-
(115)
-
(418)
-
(Notes) Comprehensive income:
2Q Fiscal 2023: 3,278 million yen (221.3%)
2Q Fiscal 2022: 1,020 million yen (29.2%)
Basic earnings
Diluted earnings
per share
per share
Yen
Yen
2Q Fiscal 2023
117.51
-
2Q Fiscal 2022
(19.23)
-
2) Consolidated Financial Positions
Total assets
Net assets
Capital adequacy ratio
Net assets per share
Millions of Yen
Millions of Yen
%
Yen
2Q Fiscal 2023
38,507
14,336
37.2
659.13
Fiscal 2022
40,131
11,166
27.8
513.38
(Notes) Owner's
equity:
2Q Fiscal 2023: 14,336 million yen
Fiscal 2022: 11,166 million yen
2. Dividends
Annual dividends
First quarter
Second quarter
Third quarter
Year end
Annual
Yen
Yen
Yen
Yen
Yen
Fiscal 2022
-
0.00
-
5.00
5.00
Fiscal 2023
-
0.00
Fiscal 2023
-
15.00
15.00
(forecasts)
(Notes1)Revisions of dividends forecasts from the most recent announcement: Yes
(Notes2)The detail of year-end dividend of Fiscal 2023 (forecast); ordinary dividend 7.50 yen, extra dividend 7.50 yen.
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
Full year
44,000
4.5
650
-
350
-
1,500
-
68.96
(Notes) Revisions of financial forecasts from the most recent announcement: Yes
*Notes
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: - )
Applying of specific accounting methods in preparation for quarterly consolidated financial statements: None
Changes in accounting policies, changes in accounting estimates and restatements
Changes in accounting policies associated with the revisions of accounting standards: None
Changes in accounting policies other than above: None
Changes in accounting estimates: None
Restatements: None
Numbers of shares issued and outstanding (common stock)
Numbers of shares issued and outstanding (including treasury stock):
Numbers of treasury stock:
Average number of shares outstanding:
2Q Fiscal 2023
21,758,000
Fiscal 2022
21,758,000
2Q Fiscal 2023
7,268
Fiscal 2022
7,218
2Q Fiscal 2023
21,750,752
2Q Fiscal 2022
21,750,782
*This summary of financial results is exempt from quarterly review 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.
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Harada Industry Co. Ltd. published this content on 10 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 14:17:56 UTC.
HARADA INDUSTRY CO., LTD. is a Japan-based company mainly engaged in the manufacture and sale of automotive equipment and communications equipment. The Company operates in four segments. Japan segment is involved in the manufacture and sale of automotive equipment and communications equipment. Asia segment is involved in the manufacture and sale of automotive equipment. North and Central America segment is involved in the manufacture and sale of automotive equipment. Europe segment is involved in the sale of automotive equipment. Main products of automotive-related equipment include car radio antennas, relay cables, car television (TV) antennas, car antenna amplifiers, actuators, ETC antennas, and others. The communication related equipment include communication module antennas, radio frequency identification (RFID) antennas, and others. Other products include car accessories and others.