Takebishi : Summary of Consolidated Financial Results for the Three Months Ended June 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 Three Months Ended June 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:	August 7, 2017
Scheduled date to commence dividend payments:	-
Preparation of supplementary material on quarterly financial results:	No
Holding of quarterly financial results meeting:	No

July 28, 2017

TEL [phone]

																(Amounts less than one million yen are rounded down)
	1. Consolidated financial results for the three months ended June 30, 2017 (from April 1, 2017 to June 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	%
	Three months ended June 30, 2017		15,904		1.0		622	17.3					656		19.4		485	20.9
	Three months ended June 30, 2016		15,752		(3.8)		530		21.4					549		22.3		401		47.4
						Earnings per share		Diluted earnings per share
									Yen									Yen
	Three months ended June 30, 2017					32.99										-
	Three months ended June 30, 2016					27.28										-
	(2) Consolidated financial position
						Total assets					Net assets			Equity ratio
						Millions of yen		Millions of yen								%
	As of June 30, 2017				38,623						23,773							61.6
	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					-
	Year ending March 31, 2018 (Forecast)							19.00								-					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
	Six months ending	33,000		1.8	1,220	2.9	1,240		1.2				810	(6.2)		55.05
	September 30, 2017
	Full year		73,000		2.4	2,570	1.2		2,600		1.1				1,700	(6.5)		115.53

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4. Notes

1. Changes in significant subsidiaries during the three months ended June 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 June 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 June 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)
	Three months ended June 30, 2017	14,714,811	shares	Three months ended June 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 June 30, 2017
Assets
Current assets
Cash and deposits	3,930	4,665
Notes and accounts receivable - trade	21,803	15,000
Electronically recorded monetary claims - operating	3,609	4,433
Securities	51	10
Merchandise	4,560	4,787
Work in process	47	167
Deferred tax assets	356	187
Other	771	665
Allowance for doubtful accounts	(16)	(10)
Total current assets	35,114	29,906
Non-current assets
Property, plant and equipment
Buildings and structures, net	1,256	1,233
Land	1,833	1,833
Other, net	108	98
Total property, plant and equipment	3,197	3,166
Intangible assets
Software	74	68
Other	31	29
Total intangible assets	105	98
Investments and other assets
Investment securities	4,195	4,465
Long-term loans receivable	3	3
Deferred tax assets	78	84
Other	911	915
Allowance for doubtful accounts	(14)	(15)
Total investments and other assets	5,175	5,453
Total non-current assets	8,479	8,717
Total assets		43,594	38,623

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			(Millions of yen)
		As of March 31, 2017	As of June 30, 2017
Liabilities
Current liabilities
Notes and accounts payable - trade	13,557	8,371
Electronically recorded obligations - operating	812	917
Short-term loans payable	1,603	1,683
Current portion of long-term loans payable	-	100
Accounts payable - other	993	698
Income taxes payable	607	210
Provision for bonuses	615	291
Provision for directors' bonuses	-	40
Other	453	899
Total current liabilities	18,643	13,212
Non-current liabilities
Long-term loans payable	100	-
Long-term accounts payable - other	115	102
Deferred tax liabilities	612	653
Deferred tax liabilities for land revaluation	7	7
Provision for directors' retirement benefits	20	17
Net defined benefit liability	640	647
Provision for loss on dissolution of the employees' pension	-	157
fund
Asset retirement obligations	34	34
Other	23	15
Total non-current liabilities	1,554	1,636
Total liabilities	20,198	14,849
Net assets
Shareholders' equity
Capital stock	2,554	2,554
Capital surplus	3,133	3,133
Retained earnings	16,966	17,172
Treasury shares	(23)	(23)
Total shareholders' equity	22,631	22,837
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	1,840	2,048
Revaluation reserve for land	(1,135)	(1,135)
Foreign currency translation adjustment	73	38
Remeasurements of defined benefit plans	(14)	(13)
Total accumulated other comprehensive income	763	936
Total net assets	23,395	23,773
Total liabilities and net assets		43,594	38,623

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

Consolidated statements of income (cumulative)

			(Millions of yen)
		Three months ended	Three months ended
		June 30, 2016	June 30, 2017
Net sales	15,752	15,904
Cost of sales	13,522	13,480
Gross profit	2,230	2,424
Selling, general and administrative expenses	1,699	1,801
Operating profit	530	622
Non-operating income
Interest income	1	1
Dividend income	25	29
Purchase discounts	7	7
Rent income	14	14
Foreign exchange gains	-	4
Other	4	8
Total non-operating income	53	65
Non-operating expenses
Interest expenses	3	3
Sales discounts	16	19
Cost of lease revenue	6	6
Foreign exchange losses	6	-
Other	0	2
Total non-operating expenses	34	32
Ordinary profit	549	656
Extraordinary income
Gain on sales of investment securities	106	244
Total extraordinary income	106	244
Extraordinary losses
Loss on valuation of investment securities	23	-
Loss on retirement of non-current assets	-	0
Provision for loss on dissolution of the employees' pension	-	157
fund
Total extraordinary losses	23	157
Profit before income taxes	632	743
Income taxes - current	62	131
Income taxes - deferred	168	126
Total income taxes	231	257
Profit	401	485
Profit attributable to owners of parent		401	485

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