Takebishi : Summary of Consolidated Financial Results for the Year Ended March 31, 2018 (Based on Japanese GAAP)(1MB)

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 Year Ended March 31, 2018

(Based on Japanese GAAP)

Company name:	TAKEBISHI CORPORATION
Stock exchange listing:	Tokyo
Stock code:	7510	URL http://www.takebishi.co.jp
Representative:	Representative Director & President	Isamu Ogura
Inquiries:	Director & Senior Managing Executive	Takashi Kamei
Officer
Scheduled date of ordinary general meeting of shareholders:	June 27, 2018
Scheduled date to file Securities Report:	June 28, 2018
Scheduled date to commence dividend payments:	June 11, 2018
Preparation of supplementary material on financial results:	No
Holding of financial results meeting:		Yes

April 27, 2018

TEL [phone]

										(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2018 (from April 1, 2017 to March 31, 2018)
	(1) Consolidated operating results													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	%
	Year ended March 31, 2018	77,062		8.1	3,349		31.9				3,387		31.8	2,346		29.0
	Year ended March 31, 2017		71,267		0.2		2,540		15.1				2,570		14.8		1,818		30.9
					Diluted earnings per	Profit attributable to		Ordinary profit/total Operating profit/net
			Earnings per share			owners of
							share			parent/equity					assets				sales
			Yen			Yen						%						%				%
	Year ended March 31, 2018	159.43			-						9.5						7.3				4.3
	Year ended March 31, 2017				-						8.1						6.1				3.6
		123.60
	(2) Consolidated financial position
			Total assets			Net assets				Equity ratio			Net assets per share
			Millions of yen		Millions of yen								%						Yen
	As of March 31, 2018	49,304					25,848								52.4				1,756.61
	As of March 31, 2017						23,395								53.7				1,589.92
		43,594
	(3) Consolidated cash flows
			Cash flows from			Cash flows from		Cash flows from		Cash and cash equivalents
			operating activities		investing activities	financing activities			at end of period
			Millions of yen		Millions of yen				Millions of yen			Millions of yen
	Year ended March 31, 2018	3,101					203								(538)						6,615
	Year ended March 31, 2017				538					(197)								(813)						3,818
2. Cash dividends
					Annual dividends per share							Total cash		Dividend payout	Ratio of dividends
																	to net assets
																dividends (Total)	ratio (Consolidated)
			1st quarter-end 2nd quarter-end		3rd quarter-end Fiscal year-end	Total			(Consolidated)
			Yen	Yen		Yen			Yen			Yen Millions of yen	%			%

Year ended March 31, 2017 Year ended March 31, 2018

Year ending March 31, 2019 (Forecast)

-	16.00		-	19.00	35.00	515	28.3	2.2
-	19.00		-	21.00	40.00	588	25.1	2.3
-		22.00		-		22.00		44.00		27.6

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3. Forecast of consolidated financial results for the year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)

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
Six months ending	40,000	14.7	1,510		4.2	1,530		2.8		1,030		0.6	70.00
September 30, 2018
Full year	83,000	7.7	3,470		3.6	3,490		3.0		2,350		0.2	159.70
4. Notes
(1) Changes in significant subsidiaries during the year ended March 31, 2018			No
(changes in specified subsidiaries resulting in the change in scope of consolidation):
(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

(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
	As of March 31, 2018	14,798,600	shares	As of March 31, 2017	14,798,600	shares
Number of treasury shares at the end of the period
	As of March 31, 2018	83,789	shares	As of March 31, 2017	83,789	shares
Average number of shares during the period
	Year ended March 31, 2018	14,714,811	shares	Year ended March 31, 2017	14,714,811	shares

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Consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2017	As of March 31, 2018
Assets
Current assets
Cash and deposits	3,930	6,747
Notes and accounts receivable - trade	21,803	21,952
Electronically recorded monetary claims - operating	3,609	4,779
Securities	51	10
Merchandise	4,560	5,306
Work in process	47	75
Deferred tax assets	356	382
Other	771	820
Allowance for doubtful accounts	(16)	(4)
Total current assets	35,114	40,070
Non-current assets
Property, plant and equipment
Buildings and structures	3,410	3,382
Accumulated depreciation	(2,154)	(2,224)
Buildings and structures, net	1,256	1,158
Land	1,833	1,833
Construction in progress	-	-
Other	407	387
Accumulated depreciation	(299)	(288)
Other, net	108	99
Total property, plant and equipment	3,197	3,091
Intangible assets
Software	74	63
Other	31	21
Total intangible assets	105	85
Investments and other assets
Investment securities	4,195	5,134
Deferred tax assets	78	96
Other	915	833
Allowance for doubtful accounts	(14)	(7)
Total investments and other assets	5,175	6,057
Total non-current assets	8,479	9,234
Total assets		43,594	49,304

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			(Millions of yen)
		As of March 31, 2017	As of March 31, 2018
Liabilities
Current liabilities
Notes and accounts payable - trade	13,557	11,308
Electronically recorded obligations - operating	812	1,124
Short-term loans payable	1,603	1,620
Current portion of long-term loans payable	-	100
Accounts payable - other	993	1,041
Income taxes payable	607	786
Advances received	68	4,572
Provision for bonuses	615	720
Other	385	383
Total current liabilities	18,643	21,659
Non-current liabilities
Long-term loans payable	100	-
Long-term accounts payable - other	115	102
Deferred tax liabilities	612	869
Deferred tax liabilities for land revaluation	7	7
Provision for directors' retirement benefits	20	20
Net defined benefit liability	640	592
Provision for loss on dissolution of the employees' pension	-	157
fund
Asset retirement obligations	34	30
Other	23	15
Total non-current liabilities	1,554	1,796
Total liabilities	20,198	23,456
Net assets
Shareholders' equity
Capital stock	2,554	2,554
Capital surplus	3,133	3,133
Retained earnings	16,966	18,753
Treasury shares	(23)	(23)
Total shareholders' equity	22,631	24,418
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,840	2,496
Revaluation reserve for land	(1,135)	(1,135)
Foreign currency translation adjustment	73	92
Remeasurements of defined benefit plans	(14)	(23)
Total accumulated other comprehensive income	763	1,429
Total net assets	23,395	25,848
Total liabilities and net assets		43,594	49,304

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Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income

			(Millions of yen)
		Fiscal year ended	Fiscal year ended
		March 31, 2017	March 31, 2018
Net sales	71,267	77,062
Cost of sales	61,591	65,993
Gross profit	9,676	11,069
Selling, general and administrative expenses	7,136	7,720
Operating profit	2,540	3,349
Non-operating income
Interest income	8	8
Dividend income	50	59
Purchase discounts	24	29
Rent income	53	54
Other	36	19
Total non-operating income	172	171
Non-operating expenses
Interest expenses	12	10
Sales discounts	65	85
Cost of lease revenue	29	27
Foreign exchange losses	23	3
Other	11	4
Total non-operating expenses	142	133
Ordinary profit	2,570	3,387
Extraordinary income
Gain on sales of investment securities	172	244
Total extraordinary income	172	244
Extraordinary losses
Loss on sales and retirement of non-current assets	1	3
Impairment loss	9	30
Provision for loss on dissolution of the employees' pension	-	157
fund
Total extraordinary losses	11	190
Profit before income taxes	2,731	3,440
Income taxes - current	930	1,151
Income taxes - deferred	(17)	(57)
Total income taxes	913	1,094
Profit	1,818	2,346
Profit attributable to owners of parent		1,818	2,346

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