Summary of Consolidated Financial Results for the Year Ended March 31, 2025 (Based on Japanese GAAP)

Summary of Consolidated Financial Results

for the Year Ended March 31, 2025

(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

Business Strategy Office

Takeshi Ohi

TEL +81-75-325-2118

Scheduled date of ordinary general meeting of shareholders:

June 26, 2025

Scheduled date to file Securities Report:

June 24, 2025

Scheduled date to commence dividend payments:

June 9, 2025

Preparation of supplementary material on financial results:

No

Holding of financial results meeting:

Yes

(1) Changes in significant subsidiaries during the year ended March 31, 2025

(changes in specified subsidiaries resulting in the change in scope of consolidation):

No

(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, 2025

16,006,200 shares

As of March 31, 2024

15,986,000 shares

As of March 31, 2025

1,010 shares

As of March 31, 2024

1,010 shares

Year ended March 31, 2025

15,998,975 shares

Year ended March 31, 2024

15,975,415 shares

(Millions of yen)

As of March 31, 2024

As of March 31, 2025

Assets

Current assets

Cash and deposits

8,227

8,960

Notes and accounts receivable - trade, and contract

assets

24,898

26,225

Electronically recorded monetary claims -

operating

4,797

4,477

Securities

-

7

Merchandise

11,517

9,834

Work in process

62

76

Other

1,697

1,398

Allowance for doubtful accounts

△172

△104

Total current assets

51,029

50,876

Non-current assets

Property, plant and equipment

Buildings and structures

4,831

5,005

Accumulated depreciation

△2,948

△3,113

Buildings and structures, net

1,883

1,891

Land

2,105

2,105

Construction in progress

11

16

Other

758

790

Accumulated depreciation

△524

△603

Other, net

233

187

Total property, plant and equipment

4,234

4,200

Intangible assets

Software

64

49

Software in progress

-

188

Goodwill

744

775

Customer-related intangible assets

760

513

Other

20

20

Total intangible assets

1,589

1,546

Investments and other assets

Investment securities

7,156

5,666

Deferred tax assets

201

148

Retirement benefit asset

-

325

Other

939

946

Allowance for doubtful accounts

△16

△19

Total investments and other assets

8,279

7,068

Total non-current assets

14,102

12,816

Total assets

65,132

63,692

(Millions of yen)

As of March 31, 2024

As of March 31, 2025

Liabilities

Current liabilities

Notes and accounts payable - trade

15,870

13,999

Electronically recorded obligations - operating

2,290

1,377

Short-term borrowings

1,631

1,395

Current portion of long-term borrowings

100

-

Accounts payable - other

1,317

1,418

Income taxes payable

963

1,109

Provision for bonuses

829

933

Other

1,316

1,067

Total current liabilities

24,319

21,300

Non-current liabilities

Long-term borrowings

-

100

Long-term accounts payable - other

49

27

Deferred tax liabilities

1,411

962

Deferred tax liabilities for land revaluation

5

5

Provision for retirement benefits for directors (and

other officers)

37

40

Retirement benefit liability

66

277

Asset retirement obligations

27

26

Other

132

105

Total non-current liabilities

1,730

1,545

Total liabilities

26,050

22,845

Net assets

Shareholders' equity

Share capital

3,406

3,428

Capital surplus

4,080

4,102

Retained earnings

27,201

28,868

Treasury shares

△0

△0

Total shareholders' equity

34,687

36,399

Accumulated other comprehensive income

Valuation difference on available-for-sale

securities

3,590

2,570

Revaluation reserve for land

△1,140

△1,140

Foreign currency translation adjustment

1,726

2,736

Remeasurements of defined benefit plans

199

254

Total accumulated other comprehensive income

4,376

4,421

Non-controlling interests

17

25

Total net assets

39,081

40,846

Total liabilities and net assets

65,132

63,692

(Millions of yen)

Fiscal year ended March 31, 2024

Fiscal year ended March 31, 2025

Net sales

101,355

100,965

Cost of sales

87,246

86,600

Gross profit

14,108

14,365

Selling, general and administrative expenses

10,371

10,938

Operating profit

3,736

3,426

Non-operating income

Interest income

12

40

Dividend income

139

147

Purchase discounts

14

24

Rent income

52

55

Surrender value of insurance policies

88

-

Insurance claim income

-

55

Reversal of allowance for doubtful accounts

-

57

Other

93

32

Total non-operating income

401

414

Non-operating expenses

Interest expenses

84

19

Rental costs

24

22

Provision of allowance for doubtful accounts

105

-

Foreign exchange losses

-

33

Other

7

5

Total non-operating expenses

222

80

Ordinary profit

3,915

3,761

Extraordinary income

Gain on sale of non-current assets

8

0

Gain on sale of investment securities

3

592

Total extraordinary income

12

592

Extraordinary losses

Loss on sale and retirement of non-current assets

15

12

Impairment losses

27

71

Total extraordinary losses

42

84

Profit before income taxes

3,886

4,269

Income taxes - current

1,498

1,641

Income taxes - deferred

△119

△39

Total income taxes

1,379

1,602

Profit

2,506

2,666

Profit attributable to non-controlling interests

4

7

Profit attributable to owners of parent

2,501

2,659

(Millions of yen)

Fiscal year ended March 31, 2024

Fiscal year ended March 31, 2025

Profit

2,506

2,666

Other comprehensive income

Valuation difference on available-for-sale securities

1,207

△1,019

Revaluation reserve for land

-

△0

Foreign currency translation adjustment

528

1,009

Remeasurements of defined benefit plans, net of tax

114

58

Total other comprehensive income

1,849

48

Comprehensive income

4,356

2,715

Comprehensive income attributable to

Comprehensive income attributable to owners of

parent

4,351

2,709

Comprehensive income attributable to non-controlling

interests

4

6

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders' equity

Balance at beginning of period

3,384

4,058

25,625

△0

33,069

Changes during period

Issuance of new shares

21

21

43

Dividends of surplus

△926

△926

Profit attributable to owners of parent

2,501

2,501

Purchase of treasury shares

△0

△0

Net changes in items other than shareholders' equity

Total changes during period

21

21

1,575

△0

1,618

Balance at end of period

3,406

4,080

27,201

△0

34,687

Accumulated other comprehensive income

Non-controlling interests

Total net assets

Valuation difference on available-for-sale securities

Revaluation reserve for land

Foreign currency translation adjustment

Remeasurements of defined benefit plans

Total accumulated other comprehensive

income

Balance at beginning of period

2,382

△1,140

1,198

85

2,526

13

35,608

Changes during period

Issuance of new shares

43

Dividends of surplus

△926

Profit attributable to owners of parent

2,501

Purchase of treasury shares

△0

Net changes in items other than shareholders' equity

1,207

-

528

114

1,849

4

1,854

Total changes during period

1,207

-

528

114

1,849

4

3,473

Balance at end of period

3,590

△1,140

1,726

199

4,376

17

39,081

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders' equity

Balance at beginning of period

3,406

4,080

27,201

△0

34,687

Changes during period

Issuance of new shares

22

22

44

Dividends of surplus

△991

△991

Profit attributable to owners of parent

2,659

2,659

Net changes in items other than shareholders' equity

Total changes during period

22

22

1,667

-

1,711

Balance at end of period

3,428

4,102

28,868

△0

36,399

Accumulated other comprehensive income

Non-controlling interests

Total net assets

Valuation difference on available-for-sale securities

Revaluation reserve for land

Foreign currency translation adjustment

Remeasurements of defined benefit plans

Total accumulated other comprehensive income

Balance at beginning of period

3,590

△1,140

1,726

199

4,376

17

39,081

Changes during period

Issuance of new shares

44

Dividends of surplus

△991

Profit attributable to owners of parent

2,659

Net changes in items other than shareholders' equity

△1,019

△0

1,009

54

45

7

52

Total changes during period

△1,019

△0

1,009

54

45

7

1,764

Balance at end of period

2,570

△1,140

2,736

254

4,421

25

40,846

Consolidated statements of cash flows

(Millions of yen)

Fiscal year ended March 31, 2024

Fiscal year ended March 31, 2025

Cash flows from operating activities

Profit before income taxes

3,886

4,269

Depreciation

473

510

Impairment losses

27

71

Amortization of goodwill

361

408

Increase (decrease) in provision for retirement benefits

for directors (and other officers)

△3

3

Increase (decrease) in provision for bonuses

△14

100

Increase (decrease) in allowance for doubtful accounts

69

△65

Increase (decrease) in retirement benefit liability

△5

△32

Interest and dividend income

△152

△188

Interest expenses

84

19

Loss (gain) on sale of investment securities

△3

△592

Loss (gain) on sale and retirement of non-current

assets

6

12

Decrease (increase) in trade receivables

△743

△339

Decrease (increase) in inventories

2,295

1,948

Increase (decrease) in trade payables

△299

△3,049

Increase (decrease) in accounts payable - other

76

83

Increase (decrease) in accrued consumption taxes

679

-

Other, net

758

19

Subtotal

7,497

3,180

Interest and dividends received

152

185

Interest paid

△83

△20

Income taxes paid

△1,482

△1,525

Net cash provided by (used in) operating activities

6,083

1,819

Cash flows from investing activities

Purchase of property, plant and equipment

△109

△101

Proceeds from sale of property, plant and equipment

60

0

Purchase of intangible assets

△7

△173

Purchase of investment securities

△24

△28

Proceeds from sale of investment securities

6

687

Purchase of shares of subsidiaries resulting in change

in scope of consolidation

-

△480

Other, net

△9

0

Net cash provided by (used in) investing activities

△84

△95

Cash flows from financing activities

Net increase (decrease) in short-term borrowings

△3,298

△246

Proceeds from long-term borrowings

-

100

Repayments of long-term borrowings

△150

△100

Dividends paid

△926

△991

Other, net

△48

△72

Net cash provided by (used in) financing activities

△4,422

△1,310

Effect of exchange rate change on cash and cash

equivalents

137

292

Net increase (decrease) in cash and cash equivalents

1,713

706

Cash and cash equivalents at beginning of period

6,342

8,055

Cash and cash equivalents at end of period

8,055

8,762