Takuma : Supplementary Materials of Financial Results for Q1 FY2023

Takuma Co., Ltd.

August 8, 2023

Copyright 2023 TAKUMA Co.,Ltd. All Rights Reserved.

Table of Contents

1. Overview of Q1 FY2023 (Ended 3/2024) Financial Results
2. Financial Forecast for FY2023 (Ended 3/2024)
3. Reference Material

Copyright 2023 TAKUMA Co.,Ltd. All Rights Reserved.

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1. Overview of Q1 FY2023 (Ended 3/2024) Financial Results
2. Financial Forecast for FY2023 (Ended 3/2024)
3. Reference Material

Copyright 2023 TAKUMA Co.,Ltd. All Rights Reserved.

2

Q1 FY2023(Ended 3/2024)

Financial Highlights

Orders received were up owing to two EPC orders for a biomass power plant and an increase in orders for after-sale services for a municipal solid waste treatment plant. Net sales and profit were down, mainly due to changes in the EPC project mix, depreciation at the new Harima Factory, and increases in personnel and R&D expenses.

• Orders received: Increased owing to two EPC orders for a biomass power plant and an increase in orders for after-sale services such as operation management and maintenance for a municipal solid waste treatment plant in the Domestic Environment and Energy Business.
• Net sales and profit: Decreased due to changes in the EPC project mix in the Domestic Environment and Energy Business, increased depreciation at the new Harima Factory associated with operations, and increased operating expenses such as personnel and R&D expenses.

	Q1 FYE 3/2022	Q1 FYE 3/2023	Q1 FYE 3/2024	YoY change
(Millions of yen)	(FY2021)	(FY2022)	(FY2023)
Orders received	35,531	32,855	34,548	+5.2%
Order backlog	395,571	447,219	475,938	+6.4%
Net sales	27,112	30,940	29,821	-3.6%
Operating profit	1,045	2,194	1,142	-47.9%
Operating margin	3.9%	7.1%	3.8%	-3.3pt
Ordinary profit	1,268	2,536	1,538	-39.4%
Quarterly profit attributable to owners of parent	792	1,730	936	-45.9%
Basic earnings per share (yen)	9.76	21.56	11.71	-45.7%

• EPC: Engineering, procurement, and construction; one approach we use in our plant construction business. * O&M: Operation and maintenance; one approach we use in our plant operation business.
• DBO, BTO: Both of one approach we use in our plant construction and operation businesses (EPC + O&M). DBO: Design, build, and operate; BTO: Build, transfer, and operate
• Primary equipment improvement work: Large-scale improvement work for the effective utilization of existing municipal solid waste treatment plants through maintenance and improvement of functions and extension of useful life

Copyright 2023 TAKUMA Co.,Ltd. All Rights Reserved.

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Q1 FY2023(Ended 3/2024)

Financial Highlights

		(Millions of yen)	Q1 FYE 3/2022	Q1 FYE 3/2023	Q1 FYE 3/2024	YoY change
		(FY2021)	(FY2022)	(FY2023)
	Orders received
		Total	35,531	32,855	34,548	+5.2%
		Domestic Environment and Energy	28,658	24,293	26,166	+7.7%
		Overseas Environment and Energy	231	287	753	+162.3%
		Package Boiler	5,063	5,389	6,028	+11.9%
		Equipment and Systems	1,664	2,967	1,701	-42.7%
	Net sales
		Total	27,112	30,940	29,821	-3.6%
		Domestic Environment and Energy	22,393	25,619	24,025	-6.2%
		Overseas Environment and Energy	124	284	425	+49.7%
		Package Boiler	3,192	3,354	3,550	+5.8%
		Equipment and Systems	1,572	1,771	1,913	+8.0%
	Operating profit
		Total	1,045	2,194	1,142	-47.9%
		Domestic Environment and Energy	1,610	2,752	1,555	-43.5%
		Overseas Environment and Energy	-98	-70	-31	-
		Package Boiler	-129	-67	25	-
		Equipment and Systems	169	145	192	+32.8%
* Adjustments are omitted.
Copyright 2023 TAKUMA Co.,Ltd. All Rights Reserved.				4