Mr. Takahiro Suzuki (hereafter, Suzuki) : Thank you very much for participating in Takashima Co., Ltd.'s financial results briefing for the fiscal year ending March 31, 2023. I'm Suzuki, Director, Managing Executive Officer, and Division Chief of the Business Administration Division.
First, I will explain the financial results for the fiscal year ending March 31, 2023, the consolidated earnings forecast for the fiscal year ending March 31, 2024, and shareholder return policies. After that, Mr. Takashima, President of our company, will explain our efforts to meet the continued-listing criteria for the Tokyo Stock Exchange's new market classification.
Executive Summary
I will explain the executive summary of the financial results for the fiscal year ending March 31, 2023. In the fiscal year ending March 31, 2023, both sales and profits increased, and net profit attributable to owners of parent reached a record high.
The annual dividend per share was ¥170, an increase of ¥30 from the year-end dividend, resulting in a dividend payout ratio of 47.9% and a total return ratio of 54.3%.
For the fiscal year ending March 31, 2024, we forecast net sales of 89 billion yen, operating profit of
1.8 billion yen, ordinary profit of 1.9 billion yen, and profit attributable to owners of parents of 1.6 billion yen.
As disclosed on May 11, we will plan to implement a share split with an effective date of October 1, 2023, allocating 4 shares to 1 share.
The interim dividend for the fiscal year ending March 31, 2024 is expected to be 70 yen, and the year-end dividend will be 25 yen, due to the stock split. It is equivalent to 100 yen before the split. If adjusted for the full year, it will be 170 yen, which is the same forecast as the previous fiscal year.
Consolidated Performance P/L
will explain the consolidated income statement. Net sales increased by 7.6% year-on-year to 79,683 million yen due to strong sales in the construction supply segment and the electronics and devices segment.
Selling, general and administrative expenses increased due to an increase in sales activities aimed at expanding business results, an increase in system investment, and expenses related to M&A. Operating profit increased 14.0% year-on-year to 1,764 million yen, despite the increase in SG&A expenses.
Ordinary profit increased by 5.4% year-on-year to 1,939 million yen. Profit attributable to owners of parent increased 22.3% year-on-year to 1,585 million yen, a record high, due to gains on the sale of cross-shareholdings.
We plan to reduce cross-shareholdings to less than 10% of net assets by the end of the fiscal year ending March 31, 2024.
ROE and ROIC, which are set as management indicators, were 8.3 percent and 5.0 percent, respectively. Compared to the previous year, ROE increased 1.1 percentage points and ROIC decreased 0.2 percentage points, mainly due to an increase in interest-bearing debt.
The graph on the slide shows trends in net sales and operating profit.
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Takashima & Co. Ltd. published this content on 21 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2023 07:40:08 UTC.
Takashima & Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of textile products and resin molded products. The Company operates through four business segments. Construction Materials segment is involved in the sale of materials related to construction and housing such as wall materials, foundation piles, heat insulating materials, solar panels, and interior materials. Industrial Materials segment is involved in the sale of materials include resin materials and molded products, high-performance products for rolling stock, industrial fibers, light-emitting diode (LED) construction and original equipment manufacturer (OEM) apparel. The Electronics & Devices segment is engaged in sales of electronic devices in Japan and overseas, and manufacture at overseas factories. Rental Real Estate segment is involved in the leasing of owned real estate. The Company is also engaged in ground investigation, ground improvement work, and civil engineering work.
TAKASHIMA & CO., LTD. 