Takebishi : Summary of Consolidated Financial Results for the Six Months Ended September 30, 2022 (Based on Japanese GAAP)(216KB)

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, 2022 (Based on Japanese GAAP)

Company name:	TAKEBISHI CORPORATION
Stock exchange listing:	Tokyo
Stock code:	7510	URL https://www.takebishi.co.jp
Representative:	Representative Director & President	Isamu Ogura
Inquiries:	Director & Executive Officer	Takeshi Ohi
Business Strategy Office
Scheduled date to file Quarterly Securities Report:	November 10, 2022
Scheduled date to commence dividend payments:	December 5, 2022
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	Yes

October 31, 2022

TEL [phone]

									(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)
(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, 2022		46,617	26.3		1,889	26.8			2,006	26.5		1,340	26.9
Six months ended September 30, 2021		36,902	28.0		1,490	45.3			1,586	42.6		1,056	45.2
			Earnings per share		Diluted earnings per share
						Yen					Yen
Six months ended September 30, 2022			84.00					-
Six months ended September 30, 2021			71.78					-
(2) Consolidated financial position
			Total assets				Net assets		Equity ratio
			Millions of yen		Millions of yen				%
As of September 30, 2022			62,181				34,930				56.2
As of March 31, 2022			59,150				33,178				56.1
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, 2022			-				26.00				-		26.00			52.00
Year ending March 31, 2023			-				27.00
Year ending March 31, 2023 (Forecast)										-		27.00			54.00
3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
											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	93,500	14.6	3,660	21.2	3,850	21.5		2,560	22.3			160.40

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4. Notes

1. Changes in significant subsidiaries during the six months ended September 30, 2022 (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:	Yes
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, 2022	15,961,000	shares	As of March 31, 2022	15,961,000	shares
Number of treasury shares at the end of the period
	As of September 30, 2022	945	shares	As of March 31, 2022	935	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Six months ended September 30, 2022	15,960,059	shares	Six months ended September 30, 2021	14,714,665	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2022	As of September 30, 2022
Assets
Current assets
Cash and deposits	6,044	5,135
Notes and accounts receivable - trade, and contract assets	23,789	24,533
Electronically recorded monetary claims - operating	5,135	4,954
Securities	10	-
Merchandise	8,461	12,155
Work in process	20	37
Other	1,677	1,936
Allowance for doubtful accounts	(104)	(80)
Total current assets	45,035	48,673
Non-current assets
Property, plant and equipment
Buildings and structures, net	1,928	1,989
Land	2,105	2,105
Other, net	141	163
Total property, plant and equipment	4,175	4,257
Intangible assets
Software	87	85
Goodwill	1,469	1,283
Customer related assets	1,111	1,023
Other	25	20
Total intangible assets	2,693	2,413
Investments and other assets
Investment securities	5,777	5,364
Deferred tax assets	192	206
Other	1,287	1,276
Allowance for doubtful accounts	(12)	(12)
Total investments and other assets	7,245	6,836
Total non-current assets	14,114	13,507
Total assets	59,150	62,181

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			(Millions of yen)
		As of March 31, 2022	As of September 30, 2022
Liabilities
Current liabilities
Notes and accounts payable - trade	17,160	16,065
Electronically recorded obligations - operating	1,082	1,841
Short-term borrowings	2,765	4,888
Current portion of long-term borrowings	100	-
Accounts payable - other	1,239	762
Income taxes payable	771	796
Provision for bonuses	770	758
Provision for bonuses for directors (and other officers)	-	78
Other	499	555
Total current liabilities	24,389	25,747
Non-current liabilities
Long-term borrowings	-	100
Long-term accounts payable - other	112	49
Deferred tax liabilities	1,146	1,023
Deferred tax liabilities for land revaluation	5	5
Provision for retirement benefits for directors (and other	35	39
officers)
Retirement benefit liability	210	208
Asset retirement obligations	25	26
Other	46	50
Total non-current liabilities	1,583	1,503
Total liabilities	25,972	27,251
Net assets
Shareholders' equity
Share capital	3,384	3,384
Capital surplus	4,058	4,058
Retained earnings	23,733	24,659
Treasury shares	(0)	(0)
Total shareholders' equity	31,176	32,102
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	2,661	2,361
Revaluation reserve for land	(1,140)	(1,140)
Foreign currency translation adjustment	343	1,479
Remeasurements of defined benefit plans	125	116
Total accumulated other comprehensive income	1,990	2,816
Non-controlling interests	10	11
Total net assets	33,178	34,930
Total liabilities and net assets	59,150	62,181

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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, 2021	September 30, 2022
Net sales	36,902	46,617
Cost of sales	31,186	39,922
Gross profit	5,715	6,695
Selling, general and administrative expenses	4,225	4,805
Operating profit	1,490	1,889
Non-operating income
Interest income	3	3
Dividend income	48	62
Purchase discounts	6	7
Rental income	32	27
Other	31	51
Total non-operating income	122	152
Non-operating expenses
Interest expenses	4	14
Share issuance costs	8	-
Rental costs	12	12
Other	0	8
Total non-operating expenses	25	35
Ordinary profit	1,586	2,006
Extraordinary income
Gain on sale of non-current assets	0	-
Total extraordinary income	0	-
Extraordinary losses
Loss on sale and retirement of non-current assets	0	6
Total extraordinary losses	0	6
Profit before income taxes	1,586	2,000
Income taxes - current	428	663
Income taxes - deferred	90	(4)
Total income taxes	519	658
Profit	1,066	1,341
Profit attributable to non-controlling interests	10	1
Profit attributable to owners of parent	1,056	1,340

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