Takuma : Summary of Financial Results for Q1 FY2023

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Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Summary of Results for the First Quarter of the Fiscal Year Ending March 2024

(Japanese Standards) (Consolidated Basis)

Name of listed company Takuma Co., Ltd.

Listing code 6013
Representative	President and Representative Director
Contact for inquiries	Manager, Corporate Communications &
	Investor Relations Department
	Corporate Planning & Administration
	Division

Planned quarterly report submission date Planned dividend payment start date

Availability of supplementary quarterly results materials: Quarterly results briefing:

August 8, 2023

Listed stock exchange Tokyo Stock Exchange

URL https://www.takuma.co.jp/english/

Hiroaki Nanjo

Hiroyuki Kobayashi

August 8, 2023

None

Yes

None

(All amounts rounded down to the nearest million yen)

1. Consolidated results for Q1 FY2023 (April 1, 2023, to June 30, 2023)

(1) Consolidated results (cumulative)

(Percentages indicate percent of change from the corresponding quarter of the previous year.)

								Quarterly profit
	Net sales		Operating profit	Ordinary profit	attributable to owners
								of parent
	Millions of yen		%	Millions of yen	%	Millions of yen	%	Millions of yen		%
Q1 FY2023	29,821		(3.6)	1,142	(47.9)	1,538	(39.4)	936		(45.9)
Q1 FY2022	30,940		14.1	2,194	109.8	2,536	100.0	1,730		118.4

(Note) Comprehensive income:	Q1 FY2023	2,728 million yen (up 46.7 %)
	Q1 FY2022	1,859 million yen (up 327.1 %)

	Basic earnings per share	Diluted earnings per share
	Yen	Yen
Q1 FY2023	11.71	―
Q1 FY2022	21.56	―

(2) Consolidated financial position

	Total assets	Net assets	Capital adequacy ratio
	Millions of yen	Millions of yen	%
Q1 FY2023	173,396	101,930	58.5
FY2022	179,688	101,167	56.0
(Reference) Equity Q1 FY2023	101,372 million yen
FY2022	100,599 million yen

2. Dividend status

				Annual dividend
	Q1		Q2	Q3	Q4	Total
		Yen	Yen	Yen	Yen	Yen
FY2022		―	19.00	―	24.00	43.00
FY2023		―
FY2023 (forecast)			24.00	―	24.00	48.00

(Note) Revisions of the most recently announced dividend forecast: None

3. Consolidated earnings forecast for FY2023 (April 1, 2023, to March 31, 2024)

(Percentages indicate percent of change from the previous year.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings
		owners of parent	per share
	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
FY2023	146,000	2.3	11,300	(18.2)	12,000	(18.3)	8,300	(13.7)	103.81

(Note) Revisions of the most recently announced earnings forecast: None

• Attachments

1.	Qualitative information related to the quarterly results under review	2
(1)	Explanation of business results	2
(2)	Explanation concerning forward-looking statements such as consolidated earnings forecasts	5
2.	Quarterly Consolidated Financial Statements	6
(1)	Quarterly Consolidated Balance Sheet	6
(2)	Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement of
	Comprehensive Income	8
3.	Supplementary forecast materials	10
(1)	Consolidated earnings forecast by segment	10
(2)	Consolidated capital investment, depreciation, and research and development expenses forecast	10
4.	Supplementary Materials	11
	Domestic Environment and Energy Business Breakdown	11

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1. Qualitative information related to the quarterly results under review

Forward-looking statements in the text reflect the judgment of management as of the last day of the quarterly consolidated accounting period under review.

(1) Explanation of business results

						(Unit: Millions of yen)
	Q1 consolidated cumulative period of FY2023	Change from the corresponding period
Segment		of FY 2022
Orders	Net sales	Operating	Backlog	Orders	Net sales	Operating
	received	profit	received	profit
Domestic Environment and Energy	26,166	24,025	1,555	449,787	1,873	(1,594)	(1,196)
Business
Overseas Environment and Energy	753	425	(31)	6,356	466	141	39
Business
Package Boiler Business	6,028	3,550	25	8,418	638	195	92
Equipment and Systems Business	1,701	1,913	192	11,432	(1,266)	141	47
Total	34,650	29,915	1,742	475,995	1,712	(1,115)	(1,016)
Adjustments	(102)	(94)	(599)	(56)	(19)	(4)	(34)
Total	34,548	29,821	1,142	475,938	1,692	(1,119)	(1,051)

During the Q1 consolidated cumulative period of FY2023, orders received totaled 34,548 million yen, up 1,692 million yen from the corresponding quarter of FY2022, due primarily to growth in the Domestic Environment and Energy Business, while net sales fell 1,119 million yen to 29,821 million yen, due to a decrease in the Domestic Environment and Energy Business.

Operating profit fell 1,051 million yen compared to the corresponding period of FY2022 to 1,142 million yen, while ordinary profit fell 998 million yen to 1,538 million yen. Profit attributable to owners of parent fell 794 million yen to 936 million yen. These results were due to a decrease in profits in the Domestic Environment and Energy Business.

A description of each segment's results follows.

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Domestic Environment and Energy Business

During the Q1 consolidated cumulative period of FY2023, orders received rose 1,873 million yen to 26,166 million yen compared to the corresponding period of FY2022* as a result of factors including the orders received for the two new biomass power plant construction projects and growth in after-sales service orders, including for waste treatment plant operation management and maintenance.Net sales fell 1,594 million yen to 24,025 million yen due primarily to changes in the project mix in the EPC business, an increased depreciation burden accompanying operations at the new Harima Factory, and growth in operating expenses such as personnel expenses and R&D costs. Operating profit fell 1,196 million yen to 1,555 million yen.

*Principal orders during the corresponding period of FY2022 included one waste treatment plant primary equipment improvement project and two new biomass power plant construction projects.

＜	Orders received and net sales (cumulative quarterly total)
				＞
			Orders received				（Units：Billions of yen）
			Net sales	160.5	164.8		141.5
				120.7		130.2
							116.0
				108.6	115.9
	69.7
	27.2	28.622.3	24.225.6	26.124.0

Q1 Q2 Q3 Q4 Cumulative Cumulative Cumulative

FY2020

Q1 Q2 Q3 Q4 Cumulative Cumulative Cumulative

FY2021

Q1 Q2 Q3 Q4 Cumulative Cumulative Cumulative

FY2022

Q1Q4 Forecast

FY2023

＜	Orders received and net sales (by quarter)	＞
			Orders received													（Units：Billions of yen）
			Net sales							78.0
	69.7
														65.1
									48.8
				33.8	32.3	24.7	28.6			24.2						26.1
						9.2	20.8	19.9
	27.2	31.7	28.2	33.6	22.3	25.7	32.7	25.6	28.7	27.6	33.9	24.0
	27.7

Q1

Q2

Q3

Q4

FY2020

Q1

Q2

Q3

Q4

FY2021

Q1 Q2 Q3 Q4

FY2022

Q1

FY2023

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