TAKEBISHI CORPORATION 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 Three Months Ended June 30, 2023 (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 | Hiroshi Okagaki | |
Inquiries: | Director & Managing Executive Officer | Takeshi Ohi | |
Business Strategy Office | |||
Scheduled date to file Quarterly Securities Report: | August 4, 2023 | ||
Scheduled date to commence dividend payments: | － | ||
Preparation of supplementary material on quarterly financial results: | No | ||
Holding of quarterly financial results meeting: | No |
July 28, 2023
Phone: +81-75-325-2118
(Amounts less than one million yen are rounded down) | ||||||||
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023) | ||||||||
(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 | % | |
Three months ended June 30, 2023 | 23,830 | 5.5 | 1,003 | 33.4 | 1,202 | 46.5 | 779 | 43.3 |
Three months ended June 30, 2022 | 22,594 | 32.7 | 752 | 13.1 | 820 | 8.9 | 543 | 9.5 |
(Note) Comprehensive income: Three months ended June 30, 2023: ¥1,496 million [98.7%] Three months ended June 30, 2022: ¥753 million [39.3%]
Earnings per share | Diluted earnings per share | ||||
Yen | Yen | ||||
Three months ended June 30, 2023 | 48.84 | － | |||
Three months ended June 30, 2022 | 34.08 | － | |||
(2) Consolidated financial position | |||||
Total assets | Net assets | Equity ratio | |||
Millions of yen | Millions of yen | % | |||
As of June 30, 2023 | 63,768 | 36,642 | 57.4 | ||
As of March 31, 2023 | 64,076 | 35,608 | 55.6 | ||
(Reference) Equity: As of June 30, 2023: ¥36,627 million | |||||
As of March 31, 2023: ¥35,595 million | |||||
2. Cash dividends | |||||
Annual dividends per share | |||||
1st quarter-end | 2nd quarter-end 3rd quarter-end | Fiscal year-end | |||
Yen | Yen | Yen | Yen | ||
Year ended March 31, 2023 | － | 27.00 | － | 29.00 | |
Year ending March 31, 2024 | － | ||||
Year ending March 31, 2024 | 29.00 | － | 29.00 | ||
(Forecast) | |||||
(Notes) Revision from the most recently announced dividend forecast: No
Total Yen
56.00
58.00
- 1 -
3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
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 | |
Six months ending | 47,900 | 2.8 | 1,910 | 1.1 | 2,050 | 2.1 | 1,370 |
September 30, 2023 | |||||||
Full year | 100,000 | 2.7 | 3,980 | 1.6 | 4,150 | 2.7 | 2,770 |
(Note) Revision from the most recently announced financial results forecast: No |
4. Notes
- Changes in significant subsidiaries during the three months ended June 30, 2023 (changes in specified subsidiaries resulting in the change in scope of consolidation):
%Yen
2.285.84
1.2 | 173.56 |
No
(2) | Application of special accounting methods for preparing quarterly consolidated financial statements: | 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 June 30, 2023 | 15,961,000 | shares | As of March 31, 2023 | 15,961,000 shares | |
Number of treasury shares at the end of the period | |||||
As of June 30, 2023 | 945 | shares | As of March 31, 2023 | 945 shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | |||||
Three months ended June 30, 2023 | 15,960,055 | shares | Three months ended June 30, 2022 | 15,960,062 shares |
- 2 -
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | ||
As of March 31, 2023 | As of June 30, 2023 | |
Assets | ||
Current assets | ||
Cash and deposits | 6,494 | 6,693 |
Notes and accounts receivable - trade, and contract | 21,901 | 20,361 |
assets | ||
Electronically recorded monetary claims - | 6,669 | 7,001 |
operating | ||
Merchandise | 13,591 | 13,988 |
Work in process | 44 | 89 |
Other | 2,235 | 1,943 |
Allowance for doubtful accounts | △104 | △97 |
Total current assets | 50,832 | 49,980 |
Non-current assets | ||
Property, plant and equipment | ||
Buildings and structures, net | 1,912 | 1,893 |
Land | 2,105 | 2,105 |
Construction in progress | 129 | 105 |
Other, net | 139 | 145 |
Total property, plant and equipment | 4,286 | 4,250 |
Intangible assets | ||
Software | 81 | 81 |
Goodwill | 1,076 | 987 |
Customer related assets | 936 | 892 |
Other | 20 | 20 |
Total intangible assets | 2,114 | 1,981 |
Investments and other assets | ||
Investment securities | 5,399 | 6,337 |
Deferred tax assets | 210 | 176 |
Other | 1,242 | 1,052 |
Allowance for doubtful accounts | △9 | △9 |
Total investments and other assets | 6,843 | 7,555 |
Total non-current assets | 13,243 | 13,787 |
Total assets | 64,076 | 63,768 |
- 3 -
(Millions of yen) | ||
As of March 31, 2023 | As of June 30, 2023 | |
Liabilities | ||
Current liabilities | ||
Notes and accounts payable - trade | 16,787 | 16,125 |
Electronically recorded obligations - operating | 1,508 | 1,767 |
Short-term borrowings | 4,837 | 4,151 |
Current portion of long-term borrowings | － | 100 |
Accounts payable - other | 1,237 | 862 |
Income taxes payable | 926 | 414 |
Provision for bonuses | 843 | 399 |
Provision for bonuses for directors (and other | － | 39 |
officers) | ||
Other | 711 | 1,498 |
Total current liabilities | 26,853 | 25,360 |
Non-current liabilities | ||
Long-term borrowings | 250 | － |
Long-term accounts payable - other | 49 | 49 |
Deferred tax liabilities | 959 | 1,387 |
Deferred tax liabilities for land revaluation | 5 | 5 |
Provision for retirement benefits for directors (and | 40 | 32 |
other officers) | ||
Retirement benefit liability | 235 | 219 |
Asset retirement obligations | 26 | 24 |
Other | 46 | 46 |
Total non-current liabilities | 1,613 | 1,765 |
Total liabilities | 28,467 | 27,125 |
Net assets | ||
Shareholders' equity | ||
Share capital | 3,384 | 3,384 |
Capital surplus | 4,058 | 4,058 |
Retained earnings | 25,625 | 25,942 |
Treasury shares | △0 | △0 |
Total shareholders' equity | 33,069 | 33,385 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale | 2,382 | 3,030 |
securities | ||
Revaluation reserve for land | △1,140 | △1,140 |
Foreign currency translation adjustment | 1,198 | 1,269 |
Remeasurements of defined benefit plans | 85 | 82 |
Total accumulated other comprehensive income | 2,526 | 3,241 |
Non-controlling interests | 13 | 15 |
Total net assets | 35,608 | 36,642 |
Total liabilities and net assets | 64,076 | 63,768 |
- 4 -
Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Three months ended | Three months ended | |
June 30, 2022 | June 30, 2023 | |
Net sales | 22,594 | 23,830 |
Cost of sales | 19,472 | 20,304 |
Gross profit | 3,122 | 3,525 |
Selling, general and administrative expenses | 2,369 | 2,522 |
Operating profit | 752 | 1,003 |
Non-operating income | ||
Interest income | 1 | 2 |
Dividend income | 58 | 70 |
Purchase discounts | 3 | 4 |
Rental income | 13 | 13 |
Surrender value of insurance policies | － | 88 |
Other | 22 | 37 |
Total non-operating income | 100 | 216 |
Non-operating expenses | ||
Interest expenses | 4 | 9 |
Rental costs | 5 | 5 |
Foreign exchange losses | 20 | － |
Other | 0 | 3 |
Total non-operating expenses | 32 | 18 |
Ordinary profit | 820 | 1,202 |
Extraordinary income | ||
Gain on sale of non-current assets | － | 1 |
Total extraordinary income | － | 1 |
Extraordinary losses | ||
Loss on retirement of non-current assets | 6 | 0 |
Impairment losses | － | 21 |
Total extraordinary losses | 6 | 21 |
Profit before income taxes | 814 | 1,182 |
Income taxes - current | 110 | 222 |
Income taxes - deferred | 160 | 179 |
Total income taxes | 271 | 401 |
Profit | 543 | 781 |
Profit (loss) attributable to non-controlling interests | △0 | 1 |
Profit attributable to owners of parent | 543 | 779 |
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Takebishi Corporation published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 06:35:59 UTC.
