Takebishi : Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2017 (Based on Japanese GAAP)(712KB)

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, 2017 (Based on Japanese GAAP)

Company name:	TAKEBISHI CORPORATION
Stock exchange listing:	Tokyo
Stock code:	7510	URL http://www.takebishi.co.jp
Representative:	Representative Director & President	Isamu Ogura
Inquiries:	Director & Senior Managing Executive	Takashi Kamei
Officer
Scheduled date to file Quarterly Securities Report:	February 9, 2018
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	No

January 31, 2018

TEL [phone]

																	(Amounts less than one million yen are rounded down)
	1. Consolidated financial results for the nine months ended December 31, 2017 (from April 1, 2017 to December 31, 2017)
	(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, 2017		55,112		14.8			2,423	36.8				2,476		35.6		1,682	29.4
	Nine months ended December 31, 2016		47,998		(6.5)		1,772		14.7				1,826		15.2		1,300		31.5
							Earnings per share				Diluted earnings per share
											Yen									Yen
	Nine months ended December 31, 2017					114.36									-
	Nine months ended December 31, 2016					88.41									-
	(2) Consolidated financial position
							Total assets						Net assets			Equity ratio
							Millions of yen				Millions of yen						%
	As of December 31, 2017				44,912						25,302						56.3
	As of March 31, 2017				43,594						23,395						53.7
	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, 2017						-					16.00							-			19.00			35.00
	Year ending March 31, 2018						-					19.00							-
	Year ending March 31, 2018 (Forecast)																				19.00			38.00
	3. Forecast of consolidated financial results for the year ending March 31, 2018 (from April 1, 2017 to March 31, 2018)
																					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		77,000		8.0		2,860		12.6			12.8		1,900		4.5			129.12
						2,900

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4. Notes

1. Changes in significant subsidiaries during the nine months ended December 31, 2017 (changes in specified subsidiaries resulting in the change in scope of consolidation):
2. Application of special accounting methods for preparing quarterly consolidated financial statements:

No

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 December 31, 2017	14,798,600	shares	As of March 31, 2017	14,798,600	shares
Number of treasury shares at the end of the period
	As of December 31, 2017	83,789	shares	As of March 31, 2017	83,789	shares
Average number of shares during the period (cumulative from the beginning of the fiscal year)
	Nine months ended December 31, 2017	14,714,811	shares	Nine months ended December 31, 2016	14,714,811	shares

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Quarterly consolidated financial statements

Consolidated balance sheets

			(Millions of yen)
		As of March 31, 2017	As of December 31, 2017
Assets
Current assets
Cash and deposits	3,930	5,607
Notes and accounts receivable - trade	21,803	19,741
Electronically recorded monetary claims - operating	3,609	4,168
Securities	51	10
Merchandise	4,560	4,992
Work in process	47	77
Deferred tax assets	356	227
Other	771	667
Allowance for doubtful accounts	(16)	(9)
Total current assets	35,114	35,481
Non-current assets
Property, plant and equipment
Buildings and structures, net	1,256	1,172
Land	1,833	1,833
Other, net	108	89
Total property, plant and equipment	3,197	3,095
Intangible assets
Software	74	58
Other	31	27
Total intangible assets	105	86
Investments and other assets
Investment securities	4,195	5,302
Deferred tax assets	78	92
Other	915	862
Allowance for doubtful accounts	(14)	(7)
Total investments and other assets	5,175	6,249
Total non-current assets	8,479	9,431
Total assets		43,594	44,912

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			(Millions of yen)
		As of March 31, 2017	As of December 31, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade	13,557	9,667
Electronically recorded obligations - operating	812	1,503
Short-term loans payable	1,603	1,679
Current portion of long-term loans payable	-	100
Accounts payable - other	993	857
Income taxes payable	607	398
Advances received	156	2,587
Provision for bonuses	615	407
Provision for directors' bonuses	-	130
Other	296	386
Total current liabilities	18,643	17,719
Non-current liabilities
Long-term loans payable	100	-
Long-term accounts payable - other	115	102
Deferred tax liabilities	612	905
Deferred tax liabilities for land revaluation	7	7
Provision for directors' retirement benefits	20	19
Net defined benefit liability	640	651
Provision for loss on dissolution of the employees' pension	-	157
fund
Asset retirement obligations	34	30
Other	23	15
Total non-current liabilities	1,554	1,891
Total liabilities	20,198	19,610
Net assets
Shareholders' equity
Capital stock	2,554	2,554
Capital surplus	3,133	3,133
Retained earnings	16,966	18,090
Treasury shares	(23)	(23)
Total shareholders' equity	22,631	23,755
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,840	2,623
Revaluation reserve for land	(1,135)	(1,135)
Foreign currency translation adjustment	73	72
Remeasurements of defined benefit plans	(14)	(12)
Total accumulated other comprehensive income	763	1,547
Total net assets	23,395	25,302
Total liabilities and net assets		43,594	44,912

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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, 2016	December 31, 2017
Net sales	47,998	55,112
Cost of sales	41,022	47,094
Gross profit	6,976	8,017
Selling, general and administrative expenses	5,204	5,594
Operating profit	1,772	2,423
Non-operating income
Interest income	4	5
Dividend income	50	59
Purchase discounts	19	20
Rent income	40	41
Foreign exchange gains	-	6
Other	28	15
Total non-operating income	144	148
Non-operating expenses
Interest expenses	9	8
Sales discounts	49	62
Cost of lease revenue	20	20
Foreign exchange losses	8	-
Other	1	3
Total non-operating expenses	89	95
Ordinary profit	1,826	2,476
Extraordinary income
Gain on sales of investment securities	172	244
Total extraordinary income	172	244
Extraordinary losses
Loss on sales and retirement of non-current assets	1	3
Impairment loss	-	23
Provision for loss on dissolution of the employees' pension	-	157
fund
Total extraordinary losses	1	184
Profit before income taxes	1,997	2,536
Income taxes - current	522	773
Income taxes - deferred	173	80
Total income taxes	696	854
Profit	1,300	1,682
Profit attributable to owners of parent		1,300	1,682

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