Takebishi : Summary of Consolidated Financial Results for the Year Ended March 31, 2023 (Based on Japanese GAAP)(693KB)

April 28, 2023

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

TEL 075-325-2118

Business Strategy Office

Scheduled date of ordinary general meeting of shareholders:

June 28, 2023

Scheduled date to file Securities Report:

June 29, 2023

Scheduled date to commence dividend payments:

June 5, 2023

Preparation of supplementary material on financial results:

No

Holding of financial results meeting:

Yes

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the year ended March 31, 2023 (from April 1, 2022 to March 31, 2023)

(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, 2023

97,404

19.4

3,919

29.7

4,041

27.6

2,738

30.8

Year ended March 31, 2022

81,603

28.4

3,020

45.0

3,168

44.3

2,092

55.7

Earnings per share

Diluted earnings per

Profit attributable to

Ordinary profit/total

Operating profit/net

share

owners of

assets

sales

parent/equity

Yen

Yen

%

%

%

Year ended March 31, 2023

171.56

-

8.0

6.6

4.0

Year ended March 31, 2022

137.00

-

6.6

5.8

3.7

(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, 2023

64,076

35,608

55.6

2,230.29

As of March 31, 2022

59,150

33,178

56.1

2,078.17

(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, 2023

(716)

(191)

1,204

6,342

Year ended March 31, 2022

(890)

(3,809)

2,054

5,892

2. Cash dividends

Annual dividends per share

Total cash

Dividend payout

Ratio of dividends

to net assets

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

dividends (Total)

ratio (Consolidated)

(Consolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

Year ended March 31, 2022

-

26.00

-

26.00

52.00

797

38.0

2.5

Year ended March 31, 2023

-

27.00

-

29.00

56.00

893

32.6

2.6

Year ending March 31, 2024

-

29.00

-

29.00

58.00

33.4

(Forecast)

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

47,900

2.8

1,910

1.1

2,050

2.1

1,370

2.2

85.84

September 30, 2023

Full year

100,000

2.7

3,980

1.6

4,150

2.7

2,770

1.2

173.56

4. Notes

(1) Changes in significant subsidiaries during the year ended March 31, 2023

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:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

As of March 31, 2023

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 March 31, 2023

945

shares

As of March 31, 2022

935

shares

Average number of shares during the period

Year ended March 31, 2023

15,960,057

shares

Year ended March 31, 2022

15,276,973

shares

(Millions of yen)

As of March 31, 2022

As of March 31, 2023

Assets

Current assets

Cash and deposits

6,044

6,494

Notes and accounts receivable - trade, and contract assets

23,789

21,901

Electronically recorded monetary claims - operating

5,135

6,669

Securities

10

-

Merchandise

8,461

13,591

Work in process

20

44

Other

1,677

2,235

Allowance for doubtful accounts

(104)

(104)

Total current assets

45,035

50,832

Non-current assets

Property, plant and equipment

Buildings and structures

4,653

4,763

Accumulated depreciation

(2,724)

(2,851)

Buildings and structures, net

1,928

1,912

Land

2,105

2,105

Construction in progress

-

129

Other

680

710

Accumulated depreciation

(538)

(570)

Other, net

141

139

Total property, plant and equipment

4,175

4,286

Intangible assets

Software

87

81

Software in progress

5

-

Goodwill

1,469

1,076

Customer related assets

1,111

936

Other

20

20

Total intangible assets

2,693

2,114

Investments and other assets

Investment securities

5,777

5,399

Deferred tax assets

192

210

Other

1,287

1,242

Allowance for doubtful accounts

(12)

(9)

Total investments and other assets

7,245

6,843

Total non-current assets

14,114

13,243

Total assets

59,150

64,076

(Millions of yen)

As of March 31, 2022

As of March 31, 2023

Liabilities

Current liabilities

Notes and accounts payable - trade

17,160

16,787

Electronically recorded obligations - operating

1,082

1,508

Short-term borrowings

2,765

4,837

Current portion of long-term borrowings

100

-

Accounts payable - other

1,239

1,237

Income taxes payable

771

926

Provision for bonuses

770

843

Other

499

711

Total current liabilities

24,389

26,853

Non-current liabilities

Long-term borrowings

-

250

Long-term accounts payable - other

112

49

Deferred tax liabilities

1,146

959

Deferred tax liabilities for land revaluation

5

5

Provision for retirement benefits for directors (and other

35

40

officers)

Retirement benefit liability

210

235

Asset retirement obligations

25

26

Other

46

46

Total non-current liabilities

1,583

1,613

Total liabilities

25,972

28,467

Net assets

Shareholders' equity

Share capital

3,384

3,384

Capital surplus

4,058

4,058

Retained earnings

23,733

25,625

Treasury shares

(0)

(0)

Total shareholders' equity

31,176

33,069

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

2,661

2,382

Revaluation reserve for land

(1,140)

(1,140)

Foreign currency translation adjustment

343

1,198

Remeasurements of defined benefit plans

125

85

Total accumulated other comprehensive income

1,990

2,526

Non-controlling interests

10

13

Total net assets

33,178

35,608

Total liabilities and net assets

59,150

64,076

(Millions of yen)

Fiscal year ended

Fiscal year ended

March 31, 2022

March 31, 2023

Net sales

81,603

97,404

Cost of sales

69,449

83,591

Gross profit

12,153

13,812

Selling, general and administrative expenses

9,133

9,893

Operating profit

3,020

3,919

Non-operating income

Interest income

6

7

Dividend income

88

110

Purchase discounts

13

16

Rent income

60

54

Other

61

69

Total non-operating income

230

259

Non-operating expenses

Interest expenses

14

61

Share issuance costs

17

-

Rental costs

26

24

Provision of allowance for doubtful accounts

19

-

Foreign exchange losses

-

39

Other

4

10

Total non-operating expenses

82

136

Ordinary profit

3,168

4,041

Extraordinary income

Gain on sale of non-current assets

2

5

Gain on sale of investment securities

11

16

Total extraordinary income

14

21

Extraordinary losses

Loss on retirement of non-current assets

2

6

Total extraordinary losses

2

6

Profit before income taxes

3,180

4,056

Income taxes - current

1,142

1,379

Income taxes - deferred

(57)

(64)

Total income taxes

1,085

1,315

Profit

2,095

2,741

Profit attributable to non-controlling interests

2

3

Profit attributable to owners of parent

2,092

2,738