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, 2024 (Based on Japanese GAAP)
February 12, 2025 | ||||
Company name: | Takashima & Co.,Ltd. | |||
Stock exchange listing: | Tokyo | |||
Stock code: | 8007 | URL https://www.tak.co.jp/en/index.html | ||
Representative: | President and Representative Director | Koichi Takashima | ||
Inquiries: | Accounting Unit Manager | Koki Sakai | TEL +81-3-5217-7297 | |
Scheduled date to commence dividend payments: | - | |||
Preparation of supplementary material on financial results: | Yes | |||
Holding of financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2024 (from April 1, 2024 to December 31, 2024)
(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, 2024 | 71,138 | 7.1 | 1,640 | (0.7) | 1,551 | (15.5) | 970 | (20.1) | ||
Nine months ended December 31, 2023 | 66,416 | 10.3 | 1,651 | 67.8 | 1,835 | 67.1 | 1,214 | 51.9 | ||
Earnings per share | Diluted earnings per share | |||||||||
Yen | Yen | |||||||||
Nine months ended December 31, 2024 | 56.57 | - | ||||||||
Nine months ended December 31, 2023 | 68.27 | - |
Note: 1. The Company conducted a 4-for-1 stock split of shares of common stock, effective October 1, 2023. Profit attributable to owners of parent is calculated on the assumption that the stock split was conducted at the beginning of the previous fiscal year.
2. At the end of the fiscal year ended March 31, 2024, the Company finalized the provisional accounting treatment for business combinations, and the figures for the Nine Months Ended December 31, 2024 reflect the details of the finalized provisional accounting treatment.
- Consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | ||||||
Millions of yen | Millions of yen | % | Yen | ||||||
As of December 31, 2024 | 61,953 | 23,636 | 38.2 | 1,379.31 | |||||
As of March 31, 2024 | 60,409 | 23,578 | 39.0 | 1,362.75 | |||||
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, 2024 | - | 20.00 | - | 40.00 | 60.00 | ||||
Year ending March 31, 2025 | - | 40.00 | - | ||||||
Year ending March 31, 2025 (Forecast) | 40.00 | 80.00 |
Note: 1. Revisions to the most recently announced dividend forecast: No
2. Breakdown of year-end dividend for the fiscal year ended March 31, 2024. Ordinary dividend: ¥25.00 Special dividend: ¥15.00
3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
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 | 94,000 | 4.3 | 2,000 | 14.4 | 2,000 | (0.2) | 1,600 | (66.9) | 93.31 |
Note: Revisions to the most recently announced financial results forecast: No
1
4. Notes | ||||||
(1) | Significant changes in the scope of consolidation during the nine months ended December 31, 2024: | 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: | 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 December 31, 2024 | 17,262,892 shares | As of March 31, 2024 | 17,762,892 shares | |||
Number of treasury shares at the end of the period | ||||||
As of December 31, 2024 | 126,309 shares | As of March 31, 2024 | 460,640 shares | |||
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Nine months ended December 31, 2024 | 17,147,429 shares | Nine months ended December 31, 2023 | 17,784,942 shares |
2
Quarterly consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2024 | As of December 31, 2024 | ||
Assets | |||
Current assets | |||
Cash and deposits | 12,371 | 6,845 | |
Notes and accounts receivable - trade, and contract | 23,438 | 28,740 | |
assets | |||
Merchandise and finished goods | 4,971 | 5,121 | |
Work in process | 152 | 347 | |
Raw materials and supplies | 1,367 | 1,286 | |
Costs on construction contracts in progress | 70 | 130 | |
Other | 1,538 | 2,290 | |
Allowance for doubtful accounts | (33) | (39) | |
Total current assets | 43,877 | 44,723 | |
Non-current assets | |||
Property, plant and equipment | 4,762 | 4,819 | |
Intangible assets | |||
Goodwill | 5,611 | 5,153 | |
Other | 998 | 970 | |
Total intangible assets | 6,609 | 6,124 | |
Investments and other assets | |||
Investment securities | 2,862 | 3,465 | |
Retirement benefit asset | 435 | 442 | |
Other | 2,015 | 2,480 | |
Allowance for doubtful accounts | (154) | (102) | |
Total investments and other assets | 5,159 | 6,286 | |
Total non-current assets | 16,531 | 17,230 | |
Total assets | 60,409 | 61,953 |
3
(Millions of yen) | ||||||
As of March 31, 2024 | As of December 31, 2024 | |||||
Liabilities | ||||||
Current liabilities | ||||||
Notes and accounts payable - trade | 16,647 | 15,581 | ||||
Electronically recorded obligations - operating | 5,585 | 4,639 | ||||
Short-term borrowings | 4,807 | 9,977 | ||||
Income taxes payable | 2,375 | 221 | ||||
Provision for bonuses | 773 | 402 | ||||
Provision | for bonuses | for directors (and other | 103 | 28 | ||
officers) | ||||||
Other | 2,056 | 3,043 | ||||
Total current liabilities | 32,349 | 33,895 | ||||
Non-current liabilities | ||||||
Bonds payable | 20 | 10 | ||||
Long-term borrowings | 2,095 | 1,836 | ||||
Retirement benefit liability | 146 | 134 | ||||
Other | 2,219 | 2,440 | ||||
Total non-current liabilities | 4,481 | 4,421 | ||||
Total liabilities | 36,830 | 38,317 | ||||
Net assets | ||||||
Shareholders' equity | ||||||
Share capital | 3,801 | 3,801 | ||||
Capital surplus | 1,553 | 751 | ||||
Retained earnings | 16,898 | 16,646 | ||||
Treasury shares | (603) | (155) | ||||
Total shareholders' equity | 21,649 | 21,043 | ||||
Accumulated other comprehensive income | ||||||
Valuation | difference | on | available-for-sale | 867 | 1,273 | |
securities | ||||||
Revaluation reserve for land | 32 | 32 | ||||
Foreign currency translation adjustment | 931 | 1,229 | ||||
Remeasurements of defined benefit plans | 98 | 57 | ||||
Total accumulated other comprehensive income | 1,929 | 2,592 | ||||
Total net assets | 23,578 | 23,636 | ||||
Total liabilities and net assets | 60,409 | 61,953 |
4
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, 2023 | December 31, 2024 | ||
Net sales | 66,416 | 71,138 | |
Cost of sales | 57,151 | 61,399 | |
Gross profit | 9,264 | 9,739 | |
Selling, general and administrative expenses | 7,613 | 8,099 | |
Operating profit | 1,651 | 1,640 | |
Non-operating income | |||
Interest income | 62 | 48 | |
Dividend income | 106 | 93 | |
Share of profit of entities accounted for using equity | 4 | 5 | |
method | |||
Foreign exchange gains | 17 | - | |
Other | 61 | 62 | |
Total non-operating income | 253 | 210 | |
Non-operating expenses | |||
Interest expenses | 58 | 69 | |
Foreign exchange losses | - | 194 | |
Other | 10 | 35 | |
Total non-operating expenses | 68 | 299 | |
Ordinary profit | 1,835 | 1,551 | |
Extraordinary income | |||
Gain on sale of non-current assets | - | 25 | |
Gain on sale of investment securities | 423 | - | |
Gain on sale of shares of subsidiaries and associates | - | 14 | |
Other | 40 | - | |
Total extraordinary income | 463 | 39 | |
Extraordinary losses | |||
Loss on retirement of non-current assets | 32 | - | |
Loss on sale of investment securities | 11 | - | |
Loss on liquidation of subsidiaries | 102 | - | |
Total extraordinary losses | 146 | - | |
Profit before income taxes | 2,153 | 1,590 | |
Income taxes - current | 698 | 404 | |
Income taxes - deferred | 241 | 216 | |
Total income taxes | 939 | 620 | |
Profit | 1,214 | 970 | |
Profit attributable to owners of parent | 1,214 | 970 |
5
Consolidated statements of comprehensive income (cumulative)
(Millions of yen) | ||
Nine months ended | Nine months ended | |
December 31, 2023 | December 31, 2024 | |
Profit | 1,214 | 970 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 68 | 406 |
Foreign currency translation adjustment | 570 | 297 |
Remeasurements of defined benefit plans, net of tax | 6 | (40) |
Total other comprehensive income | 645 | 663 |
Comprehensive income | 1,859 | 1,633 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of | 1,859 | 1,633 |
parent | ||
6