Takebishi : Summary of Consolidated Financial Results for the Six Months Ended September 30, 2023 (Based on Japanese GAAP)(358KB)

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 Six Months Ended September 30, 2023 (Based on Japanese GAAP)

October 31, 2023

Company name:

TAKEBISHI CORPORATION

Stock exchange listing:

Tokyo

Stock code:

7510

URL: https://www.takebishi.co.jp

Representative:

Representative Director & President

Hiroshi Okagaki

Inquiries:

Director & Managing Executive Officer

Takeshi Ohi

Phone: [phone]

Business Strategy Office

Scheduled date to file Quarterly Securities Report:

November 10, 2023

Scheduled date to commence dividend payments:

December 4, 2023

Preparation of supplementary material on quarterly financial results:

No

Holding of quarterly financial results meeting:

Yes

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)

(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

%

Six months ended September 30, 2023

50,338

8.0

1,969

4.3

2,180

8.7

1,416

5.7

Six months ended September 30, 2022

46,617

26.3

1,889

26.8

2,006

26.5

1,340

26.9

(Note) Comprehensive income: Six months ended September 30, 2023: ¥2,634 million [21.6%]

Six months ended September 30, 2022: ¥2,167 million [75.6%]

Earnings per share

Diluted earnings per share

Yen

Yen

Six months ended September 30, 2023

88.73

－

Six months ended September 30, 2022

84.00

－

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of September 30, 2023

66,718

37,824

56.7

As of March 31, 2023

64,076

35,608

55.6

(Reference) Equity: As of September 30, 2023: ¥37,806 million

As of March 31, 2023: ¥35,595 million

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, 2023

－

27.00

－

29.00

56.00

Year ending March 31, 2024

－

29.00

Year ending March 31, 2024

－

29.00

58.00

(Forecast)

(Notes) Revision from the most recently announced dividend forecast: No

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3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

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	100,000		2.7	3,980	1.6	4,150	2.7	2,770	1.2	173.56

(Note) Revision from the most recently announced financial results forecast: No

4. Notes

(1) Changes in significant subsidiaries during the six months ended September 30, 2023

(changes in specified subsidiaries resulting in the change in scope of consolidation):

No

1. Application of special accounting methods for preparing quarterly consolidated financial statements: No
2. 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:	No
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 September 30, 2023	15,986,000	shares	As of March 31, 2023	15,961,000	shares
Number of treasury shares at the end of the period
As of September 30, 2023	976	shares	As of March 31, 2023	945	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023	15,967,194	shares	Six months ended September 30, 2022	15,960,059	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

		(Millions of yen)
	As of March 31, 2023	As of September 30, 2023
Assets
Current assets
Cash and deposits	6,494	8,223
Notes and accounts receivable - trade, and contract	21,901	22,957
assets
Electronically recorded monetary claims -	6,669	6,751
operating
Merchandise	13,591	13,278
Work in process	44	141
Other	2,235	1,949
Allowance for doubtful accounts	△104	△77
Total current assets	50,832	53,225
Non-current assets
Property, plant and equipment
Buildings and structures, net	1,912	1,965
Land	2,105	2,105
Construction in progress	129	107
Other, net	139	147
Total property, plant and equipment	4,286	4,326
Intangible assets
Software	81	75
Goodwill	1,076	927
Customer related assets	936	848
Other	20	20
Total intangible assets	2,114	1,870
Investments and other assets
Investment securities	5,399	6,171
Deferred tax assets	210	182
Other	1,242	949
Allowance for doubtful accounts	△9	△6
Total investments and other assets	6,843	7,296
Total non-current assets	13,243	13,493
Total assets	64,076	66,718

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		(Millions of yen)
	As of March 31, 2023	As of September 30, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade	16,787	17,139
Electronically recorded obligations - operating	1,508	2,669
Short-term borrowings	4,837	3,937
Current portion of long-term borrowings	－	100
Accounts payable - other	1,237	870
Income taxes payable	926	871
Provision for bonuses	843	805
Provision for bonuses for directors (and other	－	107
officers)
Other	711	831
Total current liabilities	26,853	27,332
Non-current liabilities
Long-term borrowings	250	－
Long-term accounts payable - other	49	49
Deferred tax liabilities	959	1,167
Deferred tax liabilities for land revaluation	5	5
Provision for retirement benefits for directors (and	40	33
other officers)
Retirement benefit liability	235	229
Asset retirement obligations	26	27
Other	46	48
Total non-current liabilities	1,613	1,562
Total liabilities	28,467	28,894
Net assets
Shareholders' equity
Share capital	3,384	3,406
Capital surplus	4,058	4,080
Retained earnings	25,625	26,579
Treasury shares	△0	△0
Total shareholders' equity	33,069	34,066
Accumulated other comprehensive income
Valuation difference on available-for-sale	2,382	2,915
securities
Revaluation reserve for land	△1,140	△1,140
Foreign currency translation adjustment	1,198	1,885
Remeasurements of defined benefit plans	85	79
Total accumulated other comprehensive income	2,526	3,740
Non-controlling interests	13	17
Total net assets	35,608	37,824
Total liabilities and net assets	64,076	66,718

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

		(Millions of yen)
	Six months ended	Six months ended
	September 30, 2022	September 30, 2023
Net sales	46,617	50,338
Cost of sales	39,922	43,248
Gross profit	6,695	7,090
Selling, general and administrative expenses	4,805	5,120
Operating profit	1,889	1,969
Non-operating income
Interest income	3	4
Dividend income	62	78
Purchase discounts	7	7
Rental income	27	26
Surrender value of insurance policies	－	88
Other	51	69
Total non-operating income	152	275
Non-operating expenses
Interest expenses	14	46
Rental costs	12	13
Other	8	4
Total non-operating expenses	35	64
Ordinary profit	2,006	2,180
Extraordinary income
Gain on sale of non-current assets	－	8
Total extraordinary income	－	8
Extraordinary losses
Loss on sale and retirement of non-current assets	6	15
Impairment losses	－	21
Total extraordinary losses	6	36
Profit before income taxes	2,000	2,152
Income taxes - current	663	723
Income taxes - deferred	△4	9
Total income taxes	658	732
Profit	1,341	1,420
Profit attributable to non-controlling interests	1	3
Profit attributable to owners of parent	1,340	1,416

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Consolidated statements of comprehensive income (cumulative)

		(Millions of yen)
	Six months ended	Six months ended
	September 30, 2022	September 30, 2023
Profit	1,341	1,420
Other comprehensive income
Valuation difference on available-for-sale securities	△300	533
Foreign currency translation adjustment	1,135	687
Remeasurements of defined benefit plans, net of tax	△9	△6
Total other comprehensive income	825	1,214
Comprehensive income	2,167	2,634
Comprehensive income attributable to
Comprehensive income attributable to owners of	2,167	2,631
parent
Comprehensive income attributable to non-controlling	0	2
interests

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