Takebishi : Summary of Consolidated Financial Results for the Year Ended March 31, 2019 (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, 2019

(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 26, 2019
Scheduled date to file Securities Report:	June 27, 2019
Scheduled date to commence dividend payments:	June 10, 2019
Preparation of supplementary material on financial results:	No
Holding of financial results meeting:		Yes

April 26, 2019

TEL [phone]

									(Amounts less than one million yen are rounded down)
	1. Consolidated financial results for the year ended March 31, 2019 (from April 1, 2018 to March 31, 2019)
	(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, 2019	83,384	8.2	3,839		14.6	3,919		15.7	2,569		9.5
	Year ended March 31, 2018		77,062		8.1		3,349		31.9		3,387		31.8		2,346		29.0

Earnings per share Diluted earnings per

Profit attributable to

Ordinary profit/total

Operating profit/net

owners of

share

parent/equity

assets

sales

Yen

Yen

%

%

%

Year ended March 31, 2019

174.64

-

9.7

8.4

4.6

Year ended March 31, 2018

159.43

-

9.5

7.3

4.3

(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, 2019

44,290

27,374

61.8

1,860.37

As of March 31, 2018

48,978

25,848

52.8

1,756.61

(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, 2019

(559)

(487)

(881)

4,657

Year ended March 31, 2018

3,101

203

(538)

6,615

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, 2018 Year ended March 31, 2019

Year ending March 31, 2020 (Forecast)

-	19.00		-	21.00	40.00	588	25.1	2.3
-	24.00		-	24.00	48.00	706	27.5	2.6
-		24.00		-		24.00		48.00		36.2

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3. Forecast of consolidated financial results for the year ending March 31, 2020 (from April 1, 2019 to March 31, 2020)

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	38,000	(12.5)	1,410	(25.4)	1,420	(26.7)		920	(27.5)	62.52
September 30, 2019
Full year	78,000	(6.5)	2,980	(22.4)	3,000	(23.5)		1,950	(24.1)	132.52
4. Notes
(1) Changes in significant subsidiaries during the year ended March 31, 2019			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, 2019	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 March 31, 2019	83,832	shares	As of March 31, 2018	83,789	shares
Average number of shares during the period
	Year ended March 31, 2019	14,714,785	shares	Year ended March 31, 2018	14,714,811	shares

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Consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2018	As of March 31, 2019
Assets
Current assets
Cash and deposits	6,747	4,809
Notes and accounts receivable - trade	21,952	18,719
Electronically recorded monetary claims - operating	4,779	4,696
Securities	10	19
Merchandise	5,306	6,226
Work in process	75	27
Other	820	776
Allowance for doubtful accounts	(4)	(14)
Total current assets	39,687	35,260
Non-current assets
Property, plant and equipment
Buildings and structures	3,382	3,402
Accumulated depreciation	(2,224)	(2,290)
Buildings and structures, net	1,158	1,111
Land	1,833	1,833
Other	387	402
Accumulated depreciation	(288)	(295)
Other, net	99	106
Total property, plant and equipment	3,091	3,051
Intangible assets
Software	63	63
Other	21	20
Total intangible assets	85	83
Investments and other assets
Investment securities	5,134	4,873
Deferred tax assets	152	155
Other	833	872
Allowance for doubtful accounts	(7)	(6)
Total investments and other assets	6,113	5,894
Total non-current assets	9,290	9,029
Total assets		48,978	44,290

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			(Millions of yen)
		As of March 31, 2018	As of March 31, 2019
Liabilities
Current liabilities
Notes and accounts payable - trade	11,308	9,514
Electronically recorded obligations - operating	1,124	1,526
Short-term loans payable	1,620	1,391
Current portion of long-term loans payable	100	-
Accounts payable - other	1,041	1,113
Income taxes payable	786	830
Advances received	4,572	196
Provision for bonuses	720	610
Other	383	330
Total current liabilities	21,659	15,514
Non-current liabilities
Long-term loans payable	-	100
Long-term accounts payable - other	102	102
Deferred tax liabilities	542	452
Deferred tax liabilities for land revaluation	7	7
Provision for retirement benefits for directors (and other	20	25
officers)
Retirement benefit liability	592	512
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	1,400
Total liabilities	23,129	16,915
Net assets
Shareholders' equity
Capital stock	2,554	2,554
Capital surplus	3,133	3,133
Retained earnings	18,753	20,661
Treasury shares	(23)	(23)
Total shareholders' equity	24,418	26,325
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	2,496	2,136
Revaluation reserve for land	(1,135)	(1,135)
Foreign currency translation adjustment	92	28
Remeasurements of defined benefit plans	(23)	19
Total accumulated other comprehensive income	1,429	1,048
Total net assets	25,848	27,374
Total liabilities and net assets		48,978	44,290

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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, 2018	March 31, 2019
Net sales	77,062	83,384
Cost of sales	65,993	71,922
Gross profit	11,069	11,462
Selling, general and administrative expenses	7,720	7,623
Operating profit	3,349	3,839
Non-operating income
Interest income	8	5
Dividend income	59	71
Purchase discounts	29	31
Rent income	54	57
Foreign exchange gains	-	15
Other	19	32
Total non-operating income	171	212
Non-operating expenses
Interest expenses	10	9
Sales discounts	85	92
Cost of lease revenue	27	28
Foreign exchange losses	3	-
Other	4	2
Total non-operating expenses	133	133
Ordinary profit	3,387	3,919
Extraordinary income
Gain on sales of investment securities	244	-
Total extraordinary income	244	-
Extraordinary losses
Loss on retirement of non-current assets	3	10
Impairment loss	30	-
Provision for loss on dissolution of the employees' pension	157	-
fund
Total extraordinary losses	190	10
Profit before income taxes	3,440	3,908
Income taxes - current	1,151	1,299
Income taxes - deferred	(57)	39
Total income taxes	1,094	1,338
Profit	2,346	2,569
Profit attributable to owners of parent		2,346	2,569

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