平河ヒューテック（5821） – [Delayed] Summary of Consolidated Financial Results for the Nine Months Ended December 31,2021（Based on Japanese GAAP）

Company name: Stock exchange listing: Tokyo Stock code: Representative: 5821 CEO 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 Nine Months Ended December 31, 2021 (Based on Japanese GAAP) HIRAKAWA HEWTECH CORP. February 4, 2022URL https://www.hewtech.co.jp Inquiries: Accounting Div. Manager Scheduled date to file Quarterly Securities Report: Scheduled date to commence dividend payments: Preparation of supplementary material on quarterly financial results: No – Yuichi Shino Kazuaki Hoshi February 10, 2022 TEL 03-3457-1400 Holding of quarterly financial results meeting: 1. Consolidated financial results for the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021) No (Amounts less than one million yen are rounded down)(1) Consolidated operating results (cumulative) Net sales Operating profit Percentages indicate year-on-year changesProfit attributable to owners of parent Ordinary profit Nine months ended December 31, 2021 Nine months ended December 31, 2020 Millions of yen 21,424 16,657 % Millions of yen 1,726 1,240 28.6 (13.0)% Millions of yen 1,713 1,222 39.1 (34.8)40.2 (35.8)% Millions of yen % 1,226 155.7 (66.8)479 Nine months ended December 31, 2021 Nine months ended December 31, 2020 (2) Consolidated financial position As of December 31, 2021 As of March 31, 2021 2. Cash dividends Earnings per share Diluted earnings per share Yen 87.31 34.14 Yen – – Total assets Net assets Equity ratio Net assets per share Millions of yen 39,839 37,184 Millions of yen 29,133 27,485 % 73.1 73.9 Yen 2,073.76 1,956.59 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Annual dividends per share Year ended March 31, 2021 Year ending March 31, 2022 Year ending March 31, 2022 (Forecast) Yen – – Yen 12.00 13.50 Yen – – Yen 13.00 13.50 Yen 25.00 27.00 3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Full year Millions of yen 28,000 % Millions of yen 2,200 22.0 % Millions of yen 2,200 29.8 % Millions of yen 1,600 15.9 % 47.8 Yen 113.90 14. Notes (1) Changes in significant subsidiaries during the nine months ended December 31, 2021 (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 (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: Changes in accounting policies due to other reasons: Changes in accounting estimates: Restatement of prior period financial statements: (4) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) No Yes No No No As of December 31, 2021 17,627,800 shares As of March 31, 2021 17,627,800 shares Number of treasury shares at the end of the period As of December 31, 2021 3,580,382 shares As of March 31, 2021 3,580,382 shares Average number of shares during the period (cumulative from the beginning of the fiscal year) Nine months ended December 31, 2021 14,047,418 shares Nine months ended December 31, 2020 14,047,447 shares 2 As of March 31, 2021 As of December 31, 2021 (Millions of yen) Quarterly consolidated financial statements Consolidated balance sheets Assets Current assets Cash and deposits Notes and accounts receivable – trade Notes and accounts receivable – trade, and contract assets Securities Merchandise and finished goods Work in process Raw materials and supplies Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures, net Machinery, equipment and vehicles, net Land Other, net Total property, plant and equipment Intangible assets Investments and other assets Total non-current assets Total assets 8,299 7,431 – 200 1,818 647 2,344 557 (4) 21,293 4,787 3,997 2,396 1,751 12,932 895 2,062 15,891 37,184 8,015 – 8,455 201 2,457 742 2,999 545 (4) 23,412 4,660 4,092 2,398 2,018 13,169 919 2,337 16,426 39,839 3 As of March 31, 2021 As of December 31, 2021 (Millions of yen) Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Income taxes payable Provision for bonuses Provision for loss on disaster Other Total current liabilities Non-current liabilities Long-term borrowings Retirement benefit liability Provision for retirement benefits for directors (and other officers) Other Total non-current liabilities Total liabilities Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity Accumulated other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Non-controlling interests Total net assets Total liabilities and net assets 1,832 1,779 228 59 6 1,004 4,910 2,499 2,027 46 215 4,788 9,699 1,555 1,459 24,922 (2,340) 25,597 580 1,285 22 1,887 – 27,485 37,184 2,561 1,912 212 110 – 1,256 6,053 2,495 2,023 51 81 4,651 10,705 1,555 1,459 25,777 (2,340) 26,451 703 1,959 16 2,679 2 29,133 39,839 4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative) Consolidated statements of income (cumulative) (Millions of yen) Nine months ended December 31, 2020 Nine months ended December 31, 2021 16,657 12,596 4,060 2,820 1,240 145 1,222 127 33 20 28 44 11 87 46 16 16 453 453 785 314 (8) 306 479 479 21,424 16,677 4,747 3,020 1,726 19 29 5 35 89 12 63 25 – – – – 101 1,713 1,713 474 12 487 1,226 1,226 Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating profit Non-operating income Interest income Dividend income Subsidy income Other Total non-operating income Non-operating expenses Interest expenses Foreign exchange losses Other Total non-operating expenses Ordinary profit Extraordinary income Insurance claim income Total extraordinary income Extraordinary losses Business restructuring expenses Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to owners of parent 5Consolidated statements of comprehensive income (cumulative) (Millions of yen) Nine months ended December 31, 2020 Nine months ended December 31, 2021 Profit Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent Comprehensive income attributable to non-controlling interests 479 196 (15) (156) (5) 18 498 498 – 1,226 123 – 676 (5) 794 2,021 2,018 2 6