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)

August 10, 2022

Company name:

Takashima & Co.,LTD.

Stock exchange listing:

Tokyo

Stock code:

8007

URL

https://www.tak.co.jp/en/index.html

Representative:

President

Koichi Takashima

Inquiries:

Accounting Unit Manager

Koki Sakai

TEL

+81-3-5217-7297

Scheduled date to file Quarterly Securities Report:

August 10, 2022

Scheduled date to commence dividend payments:

-

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

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

17,674

(2.3)

188

(26.6)

300

(7.4)

191

(20.8)

Three months ended June 30, 2021

18,084

(5.4)

256

(5.3)

324

14.7

242

(0.5)

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended June 30, 2022

42.85

-

Three months ended June 30, 2021

53.71

-

(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

45,482

18,360

40.4

4,103.47

As of March 31, 2022

45,176

18,477

40.9

4,129.61

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

-

0.00

-

130.00

130.00

Year ending March 31, 2023

-

Year ending March 31, 2023 (Forecast)

70.00

-

70.00

140.00

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

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

82,000

10.7

1,800

16.3

1,900

3.2

1,400

8.0

312.90

1

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

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:

Yes

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

4,500,973

shares

As of March 31, 2022

4,500,973

shares

Number of treasury shares at the end of the period

As of June 30, 2022

26,702

shares

As of March 31, 2022

26,677

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2022

4,474,277

shares

Three months ended June 30, 2021

4,507,509

shares

2

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

7,305

7,078

Notes and accounts receivable - trade, and contract

22,292

22,071

assets

Merchandise and finished goods

4,091

4,526

Work in process

118

62

Raw materials and supplies

1,215

1,356

Costs on construction contracts in progress

7

29

Other

440

433

Allowance for doubtful accounts

(47)

(44)

Total current assets

35,423

35,513

Non-current assets

Property, plant and equipment

4,252

4,284

Intangible assets

514

600

Investments and other assets

Investment securities

2,992

3,078

Retirement benefit asset

298

301

Other

1,872

1,875

Allowance for doubtful accounts

(176)

(172)

Total investments and other assets

4,986

5,082

Total non-current assets

9,753

9,968

Total assets

45,176

45,482

3

(Millions of yen)

As of March 31, 2022

As of June 30, 2022

Liabilities

Current liabilities

Notes and accounts payable - trade

14,123

14,887

Electronically recorded obligations - operating

3,864

3,388

Short-term borrowings

926

1,286

Income taxes payable

384

110

Provision for bonuses

427

227

Provision

for bonuses

for directors (and other

35

10

officers)

Other

1,262

1,511

Total current liabilities

21,024

21,422

Non-current liabilities

Long-term borrowings

3,360

3,300

Retirement benefit liability

68

75

Other

2,246

2,323

Total non-current liabilities

5,675

5,699

Total liabilities

26,699

27,121

Net assets

Shareholders' equity

Share capital

3,801

3,801

Capital surplus

1,725

1,725

Retained earnings

11,792

11,402

Treasury shares

(56)

(56)

Total shareholders' equity

17,262

16,872

Accumulated other comprehensive income

Valuation

difference

on

available-for-sale

738

796

securities

Revaluation reserve for land

417

417

Foreign currency translation adjustment

36

251

Remeasurements of defined benefit plans

21

22

Total accumulated other comprehensive income

1,214

1,487

Total net assets

18,477

18,360

Total liabilities and net assets

45,176

45,482

4

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

18,084

17,674

Cost of sales

16,170

15,694

Gross profit

1,914

1,980

Selling, general and administrative expenses

1,657

1,791

Operating profit

256

188

Non-operating income

Interest income

9

7

Dividend income

46

64

Foreign exchange gains

-

25

Share of profit of entities accounted for using equity

-

1

method

Reversal of allowance for doubtful accounts

2

7

Other

23

29

Total non-operating income

81

136

Non-operating expenses

Interest expenses

5

8

Foreign exchange losses

0

-

Share of loss of entities accounted for using equity

2

-

method

Loss on abandonment of non-current assets

-

8

Allowance for Absence from work

4

6

Other

1

1

Total non-operating expenses

13

24

Ordinary profit

324

300

Profit before income taxes

324

300

Income taxes - current

65

78

Income taxes - deferred

17

29

Total income taxes

82

108

Profit

242

191

Profit attributable to owners of parent

242

191

5

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Takashima & Co. Ltd. published this content on 17 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 August 2022 04:43:02 UTC.