Hosiden : Financial Results of the six months ended September.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.

November 11, 2022

Consolidated Financial Results

for the First Six Months Ended September 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:	November 11, 2022
Scheduled date to commence dividend payments:	December 2, 2022
Preparation of supplementary material on quarterly financial results: Yes
Holding of quarterly financial results briefing:	Yes (for institutional investors and
	securities analysts)

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

1. Consolidated financial results for the first six months ended September 30, 2022 (from April 1, 2022 to September 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
Six months ended	Millions of yen		%	Millions of yen		%	Millions of yen	%	Millions of yen	%
September 30, 2022	120,666		24.7	10,147		54.0	16,070	116.9	10,941		82.5
September 30, 2021		96,788		(18.1)	6,588		27.5	7,410	62.8	5,994		70.3
(Note) Comprehensive income	For the first six months ended September 30, 2022	12,553 million yen	[91.5%]
		For the first six months ended September 30, 2021	6,554 million yen	[63.7%]
	Basic earnings per	Diluted earnings per
		share	share
Six months ended				Yen			Yen
September 30, 2022			199.05		183.98
September 30, 2021			106.18		98.55
(2) Consolidated financial position
		Total assets	Net assets	Equity-to-asset ratio
As of		Millions of yen	Millions of yen		%
September 30, 2022			184,024		129,094		70.2
March 31, 2022			171,525		119,533		69.7
(Reference) Equity
As of September 30, 2022	129,094 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	-	23.00
March 31, 2023
Fiscal year ending			-	58.00	81.00
March 31, 2023
(Forecast)

(Note) Revision of cash dividend forecast most recently announced: Yes

For the revision of the cash dividend forecast, please refer to the "Notice Regarding Revisions of Financial Results Forecasts and Cash Dividend Forecast" published today, on November 11, 2022.

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
Full year	265,000		27.6	15,300	30.5	21,300	34.9	14,800	24.3	269.20
(Note) Revision of financial results forecast most recently announced: Yes

• Financial results forecasts are based on the assumption of a foreign exchange rate of 144 yen per U.S. dollar.
• For the revision of the financial results forecasts, please refer to the "Notice Regarding Revisions of Financial Results Forecasts and Cash Dividend Forecast" published today, on November 11, 2022.

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 September 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 September 30, 2022	9,731,476 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)

Six months ended September 30, 2022	54,966,833 shares
Six months ended September 30, 2021	56,455,879 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

1. For matters related to forecasts, please refer to the "Notice Regarding Revisions of Financial Results Forecasts and Cash Dividend Forecast" published today, on November 11, 2022.
2. 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 Six Months Ended September 30, 2022

Quarterly consolidated financial statements and significant notes thereto

Quarterly consolidated balance sheets

			(Millions of yen)
		As of March 31, 2022	As of September 30, 2022
Assets
Current assets
Cash and deposits	49,794	64,622
Notes and accounts receivable - trade, and contract	25,864	29,597
assets
Securities	13,699	15,300
Merchandise and finished goods	9,923	9,356
Work in process	3,117	4,322
Raw materials and supplies	38,526	29,721
Other	4,690	5,173
Allowance for doubtful accounts	(45)	(45)
Total current assets	145,572	158,048
Non-current assets
Property, plant and equipment	18,559	18,986
Intangible assets	451	462
Investments and other assets
Investment securities	4,809	4,361
Other	2,423	2,454
Allowance for doubtful accounts	(290)	(287)
Total investments and other assets	6,942	6,528
Total non-current assets	25,952	25,976
Total assets		171,525	184,024

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

			(Millions of yen)
		As of March 31, 2022	As of September 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	23,614	25,045
Short-term borrowings	2,040	2,226
Income taxes payable	3,179	5,307
Other	7,470	6,808
Total current liabilities	36,305	39,388
Non-current liabilities
Bonds with share acquisition rights	10,051	10,041
Retirement benefit liability	3,577	3,483
Other	2,057	2,017
Total non-current liabilities	15,686	15,542
Total liabilities	51,991	54,930
Net assets
Shareholders' equity
Share capital	13,660	13,660
Capital surplus	19,596	19,603
Retained earnings	94,320	102,238
Treasury shares	(9,586)	(9,563)
Total shareholders' equity	117,990	125,939
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	2,495	2,179
Foreign currency translation adjustment	(1,334)	663
Remeasurements of defined benefit plans	381	312
Total accumulated other comprehensive income	1,542	3,154
Total net assets	119,533	129,094
Total liabilities and net assets		171,525	184,024

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