Takebishi : Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2018 (Based on Japanese GAAP)(712KB)

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 Nine Months Ended December 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 to file Quarterly Securities Report:	February 8, 2019
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	No

January 31, 2019

TEL [phone]

																	(Amounts less than one million yen are rounded down)
	1. Consolidated financial results for the nine months ended December 31, 2018 (from April 1, 2018 to December 31, 2018)
	(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	%
	Nine months ended December 31, 2018		64,219		16.5		3,069	26.6				3,153		27.3		2,084	23.9
	Nine months ended December 31, 2017		55,112		14.8		2,423		36.8				2,476		35.6		1,682		29.4
							Earnings per share		Diluted earnings per share
											Yen								Yen
	Nine months ended December 31, 2018						141.69									-
	Nine months ended December 31, 2017						114.36									-
	(2) Consolidated financial position
							Total assets						Net assets			Equity ratio
							Millions of yen		Millions of yen						%
	As of December 31, 2018				43,696					26,532						60.7
	As of March 31, 2018				48,978					25,848						52.8
	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, 2018						-					19.00							-			21.00			40.00
	Year ending March 31, 2019						-					24.00							-
	Year ending March 31, 2019 (Forecast)																				22.00			46.00
	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
	Full year		83,000		7.7		3,470		3.6			3.0			2,350		0.2			159.70
						3,490

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4. Notes

1. Changes in significant subsidiaries during the nine months ended December 31, 2018 (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:	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 December 31, 2018	14,798,600	shares	As of March 31, 2018	14,798,600	shares
Number of treasury shares at the end of the period
	As of December 31, 2018	83,832	shares	As of March 31, 2018	83,789	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Nine months ended December 31, 2018	14,714,791	shares	Nine months ended December 31, 2017	14,714,811	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2018	As of December 31, 2018
Assets
Current assets
Cash and deposits	6,747	3,879
Notes and accounts receivable - trade	21,952	18,395
Electronically recorded monetary claims - operating	4,779	5,748
Securities	10	18
Merchandise	5,306	6,241
Work in process	75	89
Other	820	826
Allowance for doubtful accounts	(4)	(2)
Total current assets	39,687	35,197
Non-current assets
Property, plant and equipment
Buildings and structures, net	1,158	1,132
Land	1,833	1,833
Other, net	99	102
Total property, plant and equipment	3,091	3,069
Intangible assets
Software	63	64
Other	21	20
Total intangible assets	85	84
Investments and other assets
Investment securities	5,134	4,349
Deferred tax assets	152	125
Other	833	876
Allowance for doubtful accounts	(7)	(6)
Total investments and other assets	6,113	5,344
Total non-current assets	9,290	8,498
Total assets		48,978	43,696

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			(Millions of yen)
		As of March 31, 2018	As of December 31, 2018
Liabilities
Current liabilities
Notes and accounts payable - trade	11,308	9,444
Electronically recorded obligations - operating	1,124	1,847
Short-term loans payable	1,620	1,550
Current portion of long-term loans payable	100	-
Accounts payable - other	1,041	828
Income taxes payable	786	411
Advances received	4,572	586
Provision for bonuses	720	373
Provision for directors' bonuses	-	162
Other	383	542
Total current liabilities	21,659	15,748
Non-current liabilities
Long-term loans payable	-	100
Long-term accounts payable - other	102	102
Deferred tax liabilities	542	364
Deferred tax liabilities for land revaluation	7	7
Provision for directors' retirement benefits	20	24
Net defined benefit liability	592	615
Provision for loss on dissolution of the employees' pension	157	157
fund
Asset retirement obligations	30	27
Other	15	15
Total non-current liabilities	1,470	1,414
Total liabilities	23,129	17,163
Net assets
Shareholders' equity
Capital stock	2,554	2,554
Capital surplus	3,133	3,133
Retained earnings	18,753	20,176
Treasury shares	(23)	(23)
Total shareholders' equity	24,418	25,840
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	2,496	1,777
Revaluation reserve for land	(1,135)	(1,135)
Foreign currency translation adjustment	92	70
Remeasurements of defined benefit plans	(23)	(20)
Total accumulated other comprehensive income	1,429	691
Total net assets	25,848	26,532
Total liabilities and net assets		48,978	43,696

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

Consolidated statements of income (cumulative)

			(Millions of yen)
		Nine months ended	Nine months ended
		December 31, 2017	December 31, 2018
Net sales	55,112	64,219
Cost of sales	47,094	55,375
Gross profit	8,017	8,844
Selling, general and administrative expenses	5,594	5,775
Operating profit	2,423	3,069
Non-operating income
Interest income	5	3
Dividend income	59	70
Purchase discounts	20	25
Rent income	41	42
Foreign exchange gains	6	23
Other	15	22
Total non-operating income	148	188
Non-operating expenses
Interest expenses	8	7
Sales discounts	62	74
Cost of lease revenue	20	21
Other	3	1
Total non-operating expenses	95	104
Ordinary profit	2,476	3,153
Extraordinary income
Gain on sales of investment securities	244	-
Total extraordinary income	244	-
Extraordinary losses
Loss on sales and retirement of non-current assets	3	10
Impairment loss	23	-
Provision for loss on dissolution of the employees' pension	157	-
fund
Total extraordinary losses	184	10
Profit before income taxes	2,536	3,142
Income taxes - current	773	901
Income taxes - deferred	80	156
Total income taxes	854	1,057
Profit	1,682	2,084
Profit attributable to owners of parent		1,682	2,084

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