Second Quarter (Interim) Financial Summary [Japanese GAAP] (Non-consolidated)

Overview of Results

Hyoki Kaiun Kaisha, Ltd. recorded total net sales of 7,954 million yen in the interim period, a substantial increase year-over-year. Operating income was 234 million yen, ordinary income was 286 million yen, and interim net income was 242 million yen, maintaining profitability. By segment, domestic shipping experienced decreases in sales and profits, while expanded sales in ocean-going shipping and steady growth in port operations and warehousing drove overall performance. Special gains include relocation compensation of 40 million yen and gain on sale of vessels of 29 million yen. A revision to the full-year earnings forecast was announced today.

Financial Position, Cash Flows and Dividends

At the end of the interim period, total assets were 13,588 million yen, the equity ratio was 43.9%, and cash and cash equivalents were 1,777 million yen. Cash flows from operating activities were 377 million yen, cash flows from investing activities were -218 million yen, and cash flows from financing activities were -81 million yen. Cash has been steadily increasing and the capital structure is improving. There is no change to the most recent dividend forecast; the year-end dividend remains the previously announced 110 yen.