Takebishi : Summary of Consolidated Financial Results for the Six Months Ended September 30, 2017 (Based on Japanese GAAP)(713KB)

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 Six Months Ended September 30, 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:	November 10, 2017
Scheduled date to commence dividend payments:	December 4, 2017
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	Yes

October 31, 2017

TEL [phone]

																	(Amounts less than one million yen are rounded down)
	1. Consolidated financial results for the six months ended September 30, 2017 (from April 1, 2017 to September 30, 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	%
	Six months ended September 30, 2017		34,884		7.6			1,449	22.2					1,487		21.4				1,023	18.6
	Six months ended September 30, 2016		32,413		(6.2)			1,185		17.2					1,225		19.0				863		37.6
							Earnings per share			Diluted earnings per share
										Yen								Yen
	Six months ended September 30, 2017					69.56									-
	Six months ended September 30, 2016					58.67									-
	(2) Consolidated financial position
							Total assets						Net assets			Equity ratio
							Millions of yen			Millions of yen							%
	As of September 30, 2017				42,040						24,570							58.4
	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		73,000		2.4		2,570			1.2			1.1				1,700		(6.5)			115.53
							2,600

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4. Notes

1. Changes in significant subsidiaries during the six months ended September 30, 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 September 30, 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 September 30, 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)
	Six months ended September 30, 2017	14,714,811	shares	Six months ended September 30, 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 September 30, 2017
Assets
Current assets
Cash and deposits	3,930	4,919
Notes and accounts receivable - trade	21,803	17,705
Electronically recorded monetary claims - operating	3,609	4,300
Securities	51	10
Merchandise	4,560	4,729
Work in process	47	156
Deferred tax assets	356	336
Other	771	845
Allowance for doubtful accounts	(16)	(9)
Total current assets	35,114	32,994
Non-current assets
Property, plant and equipment
Buildings and structures, net	1,256	1,195
Land	1,833	1,833
Other, net	108	93
Total property, plant and equipment	3,197	3,122
Intangible assets
Software	74	64
Other	31	28
Total intangible assets	105	93
Investments and other assets
Investment securities	4,195	4,830
Deferred tax assets	78	90
Other	915	915
Allowance for doubtful accounts	(14)	(7)
Total investments and other assets	5,175	5,830
Total non-current assets	8,479	9,046
Total assets		43,594	42,040

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			(Millions of yen)
		As of March 31, 2017	As of September 30, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade	13,557	10,508
Electronically recorded obligations - operating	812	718
Short-term loans payable	1,603	1,615
Current portion of long-term loans payable	-	100
Accounts payable - other	993	625
Income taxes payable	607	649
Provision for bonuses	615	664
Provision for directors' bonuses	-	71
Other	453	773
Total current liabilities	18,643	15,726
Non-current liabilities
Long-term loans payable	100	-
Long-term accounts payable - other	115	102
Deferred tax liabilities	612	763
Deferred tax liabilities for land revaluation	7	7
Provision for directors' retirement benefits	20	18
Net defined benefit liability	640	647
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	1,743
Total liabilities	20,198	17,470
Net assets
Shareholders' equity
Capital stock	2,554	2,554
Capital surplus	3,133	3,133
Retained earnings	16,966	17,710
Treasury shares	(23)	(23)
Total shareholders' equity	22,631	23,375
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,840	2,299
Revaluation reserve for land	(1,135)	(1,135)
Foreign currency translation adjustment	73	43
Remeasurements of defined benefit plans	(14)	(13)
Total accumulated other comprehensive income	763	1,194
Total net assets	23,395	24,570
Total liabilities and net assets		43,594	42,040

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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)

Consolidated statements of income (cumulative)

			(Millions of yen)
		Six months ended	Six months ended
		September 30, 2016	September 30, 2017
Net sales	32,413	34,884
Cost of sales	27,790	29,775
Gross profit	4,622	5,109
Selling, general and administrative expenses	3,436	3,659
Operating profit	1,185	1,449
Non-operating income
Interest income	3	3
Dividend income	29	33
Purchase discounts	12	12
Rent income	27	27
Foreign exchange gains	-	9
Other	25	10
Total non-operating income	98	97
Non-operating expenses
Interest expenses	6	5
Sales discounts	33	37
Cost of lease revenue	13	13
Foreign exchange losses	5	-
Other	0	3
Total non-operating expenses	59	59
Ordinary profit	1,225	1,487
Extraordinary income
Gain on sales of investment securities	142	244
Total extraordinary income	142	244
Extraordinary losses
Loss on sales and retirement of non-current assets	0	3
Impairment loss	-	23
Provision for loss on dissolution of the employees' pension	-	157
fund
Loss on valuation of investment securities	23	-
Total extraordinary losses	23	183
Profit before income taxes	1,344	1,548
Income taxes - current	437	551
Income taxes - deferred	43	(27)
Total income taxes	481	524
Profit	863	1,023
Profit attributable to owners of parent		863	1,023

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