Consolidated Financial Results [Japanese GAAP]
for the Fiscal Year Ended January 20, 2023
March 3, 2023
Takasho Co., Ltd.
Stock code:
7590
Stock Exchange Listing:
Tokyo
URL:
https://takasho.co.jp/en
Telephone:+81-73-482-4128
Representative: Nobuo Takaoka, President & CEO
For inquiries:
Atsushi Inoue, Corporate Officer, Corporate Management Headquarters Vice Director
Scheduled date to submit statutory annual financial report:
April 17, 2023
Scheduled date to hold annual general meeting of shareholders:April 12, 2023
Scheduled date to commence dividend payments:
April 13, 2023
Availability of supplementary explanatory material on annual financial results:
Yes
Quarterly results briefing:
Yes (Only forinstitutional investors
and analysts)
This is a translation of the original release in Japanese. In the event of any discrepancy, the original release inJapanese shall prevail.
*Figures are rounded down to the nearest million yen, except share and per share data*“ %” indicates year-on-year changes from the previous fiscal year
1. Consolidated Financial Results for the Fiscal Year Ended January 20, 2023 (From January 21, 2022, toJanuary 20, 2023)(1) Consolidated Operating Results
Net income
Net sales
Operating income
Ordinary income attributable to ownersof the parent
Million yen%
Million yen%
Million yen%
Million yen%
FY2023(12 months ended
20,351 △2.1
880 △40.2
982 △35.8
518 △48.2
January 20, 2023)
FY2022(12 months ended
20,781
12.4
1,474
27.4
1,530
32.8
1,001
5.1
January 20, 2022)(Reference) Comprehensive income:
FY2023 (12 months ended January 20, 2023): 720 million yen (△47.6%)
FY2022 (12 months ended January 20, 2022): 1,375 million yen (42.3 %)Basic earnings
per share

Diluted earnings
per share

Yen

Yen

FY2023(12 months ended
29.60
29.58
January 20, 2023)
FY2022(12 months ended
65.00
64.87
January 20, 2022)(Reference) Investment earnings/loss on equity-method:
FY2023 4Q (12 months ended January 20, 2023): N/A
FY2022 4Q (12 months ended January 20, 2022): N/A

Return on
Equity(ROE)%

Ratio of ordinary Ratio of operating
income to total
income to net
assets
sales
%
%
4.0

4.2

4.3

8.9

7.1

7.1

(2) Consolidated Financial Position
Total assets
Net assets
Million yen
Million yen
FY2023(As of January 20,
23,64013,3892023)
FY2022(As of January 20,
23,665
13,0642022)(Reference) Shareholders’ equity:
FY2023 (As of January 20, 2023): 13,274 million yen
FY2022 (As of January 20, 2022): 12,957 million yen

Shareholders’ equity
ratio

Net assets per
share

Yen

%
56.2

756.7254.8

739.30(3) Consolidated Results of Cash Flows
Cash and cash
Cash flows from
Cash flows from
Cash flows fromequivalents
operating activities investing activities financing activities at theend of period
Million yen
FY2023(12 months ended
January 20, 2023)
FY2022(12 months ended
January 20, 2022)

Million yen

Million yen

Million yen

△465

△615

△470

4,206

1,484

△708

741

5,600

2. Dividends
Annual cash dividends per share

FY2022(12 months ended
January 20, 2022)
FY2023(12 months ended
January 20, 2023)
FY2024(12 months ending
January 20, 2024)(forecast)

1Q

2Q

3Q

Year-end

Total

Total
dividend(Total)

Yen

Yen

Yen

Yen

Yen

Million yen

Dividend
payout ratio(Consolidated)

Rate of total
dividend to
net assets(Consolidated)

%

%

-

0.00

-

23.00

23.00

403

35.4

3.3

-

0.00

-

23.00

23.00

403

77.7

3.1

-

0.00

-

16.00

16.00

41.4

3. Forecast for Consolidated Business Results for the Fiscal Year ending January 2024 (January 21, 2023
through January 20, 2024)
Net income
Basic
Operating
Ordinary
attributableto
Net sales
Earnings
IncomeIncomeowners of the
Per Share
parent company
Million yen % Million yen % Million yen % Million yen %Yen
FY202422,700 11.5
1,016 15.3
1,048 6.7
651 25.4
38.65(full year)※ Notes;(1) Changes in Significant Subsidiaries during the Current Fiscal Year
Changes in specified subsidiaries that caused a change in the scope of consolidation: None
Newly included companies: None
Newly excluded companies: None
(2) Changes in Accounting Policies and Accounting Estimates etc.
(i) Changes in accounting policies as required by newly promulgated account pronouncement: Yes(ii) Changes other than (i) above: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of Shares Outstanding (Ordinary Shares)
FY2023(As of Jan.21, 2023)

FY2022(As of Jan.21, 2022)

17,590,114

17,590,114

47,65863,578FY2023(From Jan.21, 2022,
to Jan. 20, 2023)
17,533,278

FY2022(From Jan.21,2021,
to Jan. 20, 2022)
15,401,799

Number of shares outstanding at FY end(Treasury shares included)
Number of treasury shares at FY end

Average number of shares during FY(Reference)
Summary of Non-Consolidated Financial Results for the Fiscal Year Ended January 20, 2023 (From January
21, 2022, to January 20, 2023)(1) Non-Consolidated Operating Results
Net income
Net sales
Operating income
Ordinary income attributable to ownersof the parent
Million yen%
Million yen%
Million yen%
Million yen%
FY2023(12 months ended
16,604 △1.2
623 △8.4
562 △26.6
290 △42.7
January 20, 2023)
FY2022(12 months ended
16,812
15.1
681
47.0
765
35.8
506
30.3
January 20, 2022)

FY2023(12 months ended
January 20, 2023)
FY2022(12 months ended
January 20, 2022)

Basic earnings
per share

Diluted earnings
per share

Yen

Yen
16.57

16.56

32.90

32.83

(2) Non-Consolidated Financial Position
Total assets
Net assets
Million yen
Million yen
FY2023(As of January 20,
16,761
7,744
2023)
FY2022(As of January 20,
16,9997,824
2022)(Reference) Shareholders’ equity:
FY2023 4Q (As of January 20, 2023): 7,743 million yen
FY2022 4Q (As of January 20, 2022): 7,822 million yen

Shareholders’ equity
ratio

%

Net assets per
share

Yen

46.2

441.4246.0

446.33* This annual financial results report is out scope of the annual audit procedures by a certified public accountant
nor audit firm.
* Explanation on appropriate use of performance forecasts and other special notes.
The performance forecast described in this report are based on information that is available to the Group, as wellas certain assumptions and estimates that are deemed to be reasonable, and we make no assurance that suchdescriptions prove to be correct. Actual figures may significantly differ due to various factors. For information
regarding the forecast of consolidated financial results, due attention should be paid to "Explanation of ForwardLooking Statements" on page 5 of the attached documents.

Table of Contents
1. Status of the Group…………………………………………………………………………………………
(1) Business in Brief and Results for the Current Fiscal Year…………………………………….……….

1
1(2) Explanation on the Financial Position …………………………………………………………………
(3) Explanation on the Cash Flows ……………………………………………………………….……. …
(4) Future Performance Forecast…………………………………………………………………………
(5) Dividend Payout Policies………………………………………………………………………………

4
4
5
5

2. Basic Approach to the Selection of Accounting Standard…………………………………………………
3. Annual Consolidated Financial Statements and Notes……………………………………………………
(1) Annual Consolidated Balance Sheet …………………………………………………………………
(2) Annual Consolidated Statement of Income and Comprehensive Income……………………………

6
7
7
9

(3) Annual Consolidated Statement of Shareholder Equity………………………………………………
(4) Annual Consolidated Statement of Cash Flows………………………………………………………
(5) Notes to Annual Consolidated Financial Statement ……………………………………………………
1) Note on Going Concern …………………………………………………………………………

11
14
16
16

Changes in Accounting Policies …………………………………………………………………
Changes in Presentation…………………………………………………………………………
Segment Information ……………………………………………………………………………
Accounting Standard for Revenue Recognition-related…………………………………………

16
16
17
20
21
22

2)
3)
4)
5)

6) Per Share Information ……………………………………………………………………………
7) Significant Subsequent Event ……………………………………………………………………

1. Status of the Group(1) Business in Brief and Results for the Current Fiscal YearBusiness Overview
During the current consolidated fiscal year (hereafter, referred to as “FY2023”), the prospects of Japanese
economy continue to be highly uncertain and are unpredictable. The tenacious adversity out of the novel
coronavirus and emerging variants (hereafter referred to as “COVID-19”) pandemic, and other volatile global
factors, including severe supply chain issues, such as shortage in semiconductors, as well as sharp appreciation of
the energy prices and materials, further depreciation of the yen in the exchange market and the Ukraine affairs, are
all rampant and have been increasing this uncertainty.
Against these headwinds, we have taken a number of important steps to enhance our brand value and fuel future
growth. Especially, we intensified sales promotion campaigns. We delivered DX-enabled sales promotion bybroadcasting TV commercials which are linked with our web platform to increase customer touchpoint andengagement. Also, we launched “GLD-LAB Design Network Service” which supports housing providers andhousing reformers to propose housings and exteriors. Leveraging our state-of-the-art technologies, such as XR(AR/VR/MR) and metaverse, users can utilize technologically advanced offerings with more enhanced customer
engagement.
Innovation is our heritage and at the heart of our vision “Always Ahead of Changes, Bringing Innovation andCreate New Values; Towards the One and Only Global Enterprise”. Ever since our establishment, nurturing great
urban environment and gardening culture is what we do. With our passion for innovation, at this juncture, we havebeen pioneering clean-energy products and solutions which integrate sustainability into the gardening life. Scaling
our positive initiatives beyond what’s within ourselves, i.e., open innovation, we launched strategic partnershipwith Nichicon Corporation (TSE Prime listed, manufacturer of capacitor, energy/ecology equipment and etc.) andYuasa Trading Co., Ltd (TSE Prime listed, trading company specialized in the development of lifestyle andindustry). Under this partnership, we collaboratively developed the gatepost equipped with emerging technology,
known asV2H (abbreviation for "Vehicle to Home", meaning, EV energy is used to power a home) and deliveryboxed functionalities.
Overseas sales decreased due to the stock adjustments caused by our retail partners’ stock overload. In U.S.,
customer attraction at home center and garden center temporary slowed down due to the relaxation of voluntary
curfew. In Europe, people refrained from buying due to the price rise in electricity, gas, and necessities.
As such, business performance for FY2023 has been resulted in as follows.

Fiscal Year 2023 Highlight (January 21, 2022, to January 20, 2023)(Millions of yen)

FY2022(12 months ended
January 20, 2022)

FY2023(12 months ended
January 20, 2023)

IncreaseorDecrease%

Revenue

20,781

20,351△430

97.9

Operating income

1,474

880

△593

59.8

Ordinary income

1,530

982

△548

64.2

Net income attributableto owners of the parent

1,001

518

△482

51.8

Sales Metrics by Business Segments<Pro-use segment>
The sales of Pro-use accounted for 64.8% our total sales and has been stable (YoY 106.9 % growth). Coupledwith tailwind of surging demand for lifestyle with gardening, sales of lightening products, floor materials andgarden room, which compose garden space, has especially increased. To accelerate our successful growth, we
promoted our new multidimensional business model; innovative synergy of online, virtual, and real, more
precisely, DX-enabled proposals of lifestyles and sales closing through web-based showrooms and VR parks, aswell as through our original Garden & Exterior showrooms located throughout Japan where customers canexperience and feel a wide selection of our products.
Also, we have our own factory in Japan, which enables flexible “mass customization” to each customer’s order.

-1-

We have been promoting hybrid-style proposals, as mentioned above, that utilize content both online and real bycomprehensively proposing "Facade Exterior & Living Garden" lifestyle through abundance of color variation
tailored to each customers’ aesthetics sense, tastes, and interests.
What’s more, sales of living garden products such as "Home Yard Roof," a key product inspired by "5th ROOM"(fifth room) concept, increased by the brand designated orders, due to the new DX-enabled proposals and sales
which links TV commercial and web-based platform.
In addition, since the sales of "Low Volt Light," a safe and secure exterior illumination for nighttime gardens,
has been continuously increasing.
Pro-use segment Highlight (January 21, 2022, to January 20, 2023)(Millions of yen)
Revenue

FY2022 4Q(12 months ended
January 20, 2022)

FY2023 4Q(12 months ended
January 20, 2023)

12,337

13,193

IncreaseorDecrease
855

%
106.9

On the other hand, TAKASHO DIGITEC CO., LTD. our consolidated subsidiary which is engaged with LED
sign and lightening/illumination business, has been growing its business and its sales achieved 130.6% YoY
growth. Due to the cooperation with our landscape building material team, it increased transactions with nonhousing fields (Public facilities and Commercial facilities etc.).

<Home-use segment>
Sales by home-use segment maintained approximately same level (YoY 95.2%). Positive factors such as YoY
112.8% growth in the e-commerce were not sufficient to neutralize negative factors such as decreased sales ofgardening-related products due to bad weather, with more typhoons than usual, in demand-period autumn.
Home-use segment Highlight (January 21, 2022, to January 20, 2023)(Millions of yen)
Revenue

FY2022(12 months ended
January 20, 2022)

FY2023(12 months ended
January 20, 2023)

5,868

5,586

IncreaseorDecrease
△281

%
95.2

<Overseas segment>
Although maritime freight cost has been stabilized, overseas sales nosedived (YoY 60.5%) due to the stock
adjustments caused by our retail partners’ stock overload and corresponding delivery adjustment. In U.S., due tothe relaxation of voluntary curfew, customer attraction at home center and garden center temporary slowed down,
inversely correlated with the surging demand for overseas travel and outdoor activities whose demands were allpent up during COVID-19. In Europe, people refrained from buying due to the price rise in electricity, gas, andnecessities.
Nonetheless, we’ve witnessed that “Lifestyle with gardening” has been penetrated and embedded in everyday life.
In the face of COVID-19, and continuously in “with and after COVID-19” era, people worldwide reaffirmed theimportance of health (garden therapy), culture (emotion, arte), and environment (green, nature). Accordingly,
stable demands are expected and, embracing this propitious trend, we will foster our effort and boost overseas
business by horizontally expand our success model in Australian market to U.S. market (several projects are inpipeline or under constructions).
Overseas segment Highlight (January 21, 2022, to January 20, 2023)(Millions of yen)
Revenue

FY2022(12 months ended
January 20, 2022)
2,552

FY2023(12 months ended
January 20, 2023)
1,545

-2-

Increaseor%Decrease△1,007

60.5

Operating income
Although we maintained approximately same level of sales compared with FY2022, operating income decreased
to 59.8% compared with FY2022. Unfavorable product mix and increased purchase price by foreign subsidiaries
both lowered gross profit margin. Also, though we strenuously made our efforts to lower logistics costs (improved
gross profit ratio by 0.7 point), by switching to cheaper shipping companies and by utilizing partners’ logistics
networks, proactive advertising, and sales promotion for the purpose of enhancing our brand value, etc., such asreal exhibitions reopened after COVID-19 pandemic, and other up-front investments such as CAPEX andrecruiting for the purpose of improvement of production capacity for the medium-term sales expansion, increased
sales and administrative costs compared to FY2022.
Ordinary Profit decreased to 64.2% compared with FY2022. Foreign exchange gain decreased more than our
expectation due to the reverse trend in the exchange market (yen’s appreciation), from 3Q to the end of FY2023.
Fixation of exchange rate by Currency SWAP contracts was not enough, and as a result, gains from foreignexchange has decreased.
Our Mission, SDGs Initiatives and Human Development
Passion for our establishment was “Heart and Art”, which has never been changed nor forgotten ever since.
Underpinned with passion and mission, we have a long history of and reputation for designed gardening andinnovation, inspired by traditional Japanese aesthetics (such as wabi-sabi, elegance and refinement) and British
garden cultures etc., integrating the beauty of nature into daily lives and spiritual values.

As society is taking a transformational shift to low-carbon, resource-smart products, we have determined toaccelerate the ambitions commitments and foster the proactive efforts in our journey towards ESG and SDGs
excellence. We believe ESG is embedded into our business itself, i.e., the promotion of our products directly leads
to the solution or mitigation of environmental and social problems. As detailed later, we are continuously
pioneering products and solutions that help customers make more sustainable choices every day. For example, our
Eco Garden (3R: Recycle, Reduce, Reuse) ensures sustainable consumption and production patterns. Especially,
since customers can virtually experience quasi-real feelings at our DX-enabled showroom, a resource-smart
customer experience, we don’t need to produce waste (Reduce waste in advance); produce only high quality
products that can be cherished for a long time. Of course, this DX is also introduced into our product development
and manufacturing phases; resulting in raised quality, shortened time to market and making factories andworkplaces more energy-operational efficient. Also, aforementioned eco-electrification gatepost equipped with
V2H is part of our sustainability agenda and will promote GX (Green transformation) and contributes to reduce ourcarbon footprint.
Further, we introduce innovative product in the field of “LINKED CITY” Concept, which means that originatedfrom tourism, the tourism-oriented smart villages which addresses various challenges, such as transportation,
logistics, settlement, local government, healthcare & nursing care, education, energy, environment & waste,disaster prevention & safety and etc., from the urban-DX perspective. We are socially and environmentallyengaged companies and promote galvanization of regional economy and sustainability initiatives.
Moreover, under the collaborative partnership with JP-HOLDINGS, INC.(TSE listed, offering various services
such as nursing, education, food and distributions), we launched “VegTrug® Kids” program in which kids canlearn “Food and Agriculture (Shoku-Nou)” and “Dietary Education(Shoku-Iku)”.
As for the human resource development, our employees are precious human capital, and we will continue tonurture them toward “all-engagement, diversity & Inclusion” working environment and culture.

-3-(2) Explanation on the Financial Position
1) Status of Assets, Liabilities, and Net assets(Assets)
Total assets as of FY2023 end amounted to ¥23,640,002 thousand, a decrease of ¥25,991 thousand from FY2022
end.
1.

2.

Current assets
Current assets amounted to ¥15,383,976 thousand as of FY2023 end, a decrease of ¥536,436 from FY2022
end, which is mainly composed of a decrease of ¥1,393,296 thousand in cash and deposits, partially offset
by an increase of ¥965,777 thousand in inventories.
Non-current assets
Non-current assets amounted to ¥8,256,026 thousand as of FY2023 end, an increase of ¥510,444 thousand
from FY2022 end, which is mainly composed of an increase of ¥181,392 thousand in building andstructures and an increase of ¥300,561 thousand in leased assets.

(Liabilities)
Total liabilities as of FY2023 end amounted to ¥10,250,736 thousand, a decrease of ¥350,789 thousand fromFY2022 end.
1. Current liabilities
Current liabilities amounted to ¥9,386,521 thousand as of FY2023 end, a decrease of ¥587,724 thousand
from FY2022 end, which is mainly composed of a decrease of ¥816,537 thousand in accounts payabletrade, partially offset by an increase of ¥180,925 thousand in short-term borrowing.
2. Non-current liabilities
Non-current liabilities amounted to ¥864,215 thousand as of FY2023 end, an increase of ¥236,934 thousand
from FY2022 end, which is mainly derived from an increase of ¥226,215 thousand in leased liabilities.

(Net Assets)
Net Assets as of FY2023 end amounted to ¥13,389,266 thousand, an increase of ¥324,798 thousand fromFY2022 end, primarily due to an increase of ¥115,852 thousand in Retained earnings, as well as an increase of¥193,169 thousand in Other accumulated comprehensive.

(3) Explanation on the Cash Flows
Cash and cash equivalents (hereafter, referred to as “cash”) as of FY2023 end amounted to ¥4,206,885 thousand,a decrease of ¥1,339,296 thousand from FY2022 end.
Cash flows from each activity and their significant components are as follows:(Cash flows from operating activities)
Net cash used in operating activities amounted to ¥465,651 thousand (¥1,484,392 thousand net cash was provided
by operating activities in FY2022).
This is mainly attributable to the decreased “Profit before tax” to ¥967,905 thousand (¥1,525,230 thousand in
FY2022), and decrease in changed amount of accounts payable to ¥1,087,242 thousand (Increase in changed
amount of accounts payable to ¥1,448,356 thousand in FY2022), partially offset by depreciation of ¥711,745
thousand (¥647,972 thousand in FY2022), and increase in changed amount of inventory to ¥1,008,736 thousand(Increase in changed amount of inventory to ¥1,348,142 thousand in FY2022).
(Cash flows from investing activities)
Net cash used in investing activities amounted to ¥615,953 thousand (¥708,131 thousand net cash was used ininvesting activities in FY2022). This is mainly attributable to ¥498,941 thousand of acquisition payment for
tangible assets (¥511,561 thousand in FY2022), and ¥122,218 thousand of acquisition payment for intangible
assets (¥145,032 thousand in FY2022).
(Cash flows from financing activities)
Net cash used in financing activities amounted to ¥470,615 thousand (¥741,864 thousand net cash was provided
by investing activities in FY2022).
This is mainly attributable to ¥403,110 thousand of dividend payments (¥291,566 thousand in FY2022).

-4-

(4) Future Performance Forecast
As for the forecast of FY2024, the prospects of our business environment continue to be highly uncertain and are
unpredictable. The tenacious adversity out of the COVID-19 pandemic coupled with voluntary curfew, and othervolatile global factors are all rampant and have been increasing this uncertainty.
Nonetheless for these headwinds, looking ahead, we believe we have a clear path to reaccelerate our growth, andwe expect to deliver revenue and profits growth for FY2024, compared with actuals for FY2023, as we predict
continuous growing demand for gardening and exterior. We’ve recognized the increase in housing constructions
and the fact that “Lifestyle with gardening” has been penetrated and embedded in everyday life, resulting inpeople’s more time to spend at home.
As mentioned earlier, leveraging our technologies, pioneering spirit and innovation capabilities, we will capture
new business opportunities. As an opening gambit, we introduce innovative product in the field of “LINKED
CITY” Concept, which means that originated from tourism, the tourism-oriented smart city which enhance thecreativities of urban cities. We are socially and environmentally engaged companies and promote galvanization ofregional economy and sustainability initiatives. More precisely, the value we will deliver in this initiative includes
introduction of smart home (e.g. GX home) and relevant facilities (e.g. mobility HUB which encompasses EV
charge stations for shared bicycles and shared automobiles, equipped with solar panel power storage and happycommunity cafes).
As future strategies, in Pro-use segment, we will further promote DX-enabled sales promotions such as hybrid ofreal and internet, AR/MR, etc., for the purpose of brand value enhancement and sales promotion reinforcement.
Also, we will expand the sales channels by strengthening sales and proposals toward landscapes.
In Home-use segment, we will further strengthen e-commerce, which we have witnessed stable growth.
Also, we will promote innovative new product developments in our own factories and accelerate simultaneous
sales efforts of the global items.
As for the overseas segment, we are focused on successful geographical roll-out overseas and committed tolaunch trading with large home centers and further strengthen sales promotion, especially in Europe (France, Italyetc.), which were relatively left behind in our overseas geographical sales efforts. Also, we will strengthen our sales
promotion by newly introducing sales items and by developing the new products, thereby proposing thecomprehensive product mix which decorate the whole garden toward more enjoyable and comfortable space.
Also, as we need to embrace changes and lean forward, we appointed new officer responsible for “market
creation”, which manifests our unwavering commitment to augment sales by venturing into untapped industries
and fields.
As for selling, general and administrative (SG&A) expenses, we will strive to reduce expenses and establish acompetitive advantage by promoting the web order system, the operation of AI and RPA (Robotics Process
Automation), as well as the systemization of operations in order to improve operational efficiency and enhance
productivity.
Driven by those tailwinds and our strategy, we predict ¥ 22,700 million of net sales, ¥ 1,016 million of operating
income, ¥ 1,048 million of ordinary income and ¥ 651 million of net income attributable to owners of the parent,
respectively, for FY2024 on a consolidated basis.
The forward-looking statements in this document are based on information available to us as of the date of thisannouncement. Accordingly, actual results and developments may differ materially from those expressed or
implied by these statements due to various factors. If it becomes necessary to revise the forecast, we will disclosesuch revisions as soon as possible.

(5) Dividend Payout Policies
The Company recognizes that returning profit to our shareholders is one of the significant management objectives
and will deliberate on such payouts, based on a comprehensive assessment of our business performance, financial
condition, and future business development, such as, future investment needs, strengthening of management base,maintaining and expanding internal reserves to secure sufficient cash to finance business operation and sustainablegrowth.
Our basic policy is to aim for a consolidated dividend payout ratio of around 40% (annual), for the time being
with lower limit of ¥5 per share, to continuously return profit to our shareholders.

-5-Taking into consideration our basic policy above and our FY2023 business performance, we have decided to pay
a year-end annual dividend of ¥23 per share for FY2023, as we forecasted on March 3, 2022.
Regarding FY2024 dividends, we will aim to continuously return profits to our shareholders in accordance withthe basic policy above and a year-end dividend is planned to be ¥16 per share considering our earnings forecast.
2. Basic Approach to the Selection of Accounting Standards
For the time being, our policy is to prepare its consolidated financial statements in accordance with Japanese
GAAP, taking into consideration the comparability from period to period (horizontal analysis) and thecomparability among companies (vertical analysis).
We will continue to consider the appropriate adoption of IFRS, with holistic views on all key aspects of domestic
and international environments.

-6-

3. Annual Consolidated Financial Statements and Notes(1) Annual Consolidated Balance Sheet(Thousands of yen)
FY2023(As of Jan. 20, 2023)

FY2022(As of Jan. 20, 2022)
ASSETS
CURRENT ASSETS:
Cash and deposits
Note receivable, account receivable
Note receivable, account receivable andcontract assets
Electronically recorded receivables
Merchandise and finished goods
Work in process
Raw materials and supplies
Short-term loan
Other current assets
Allowance for doubtful accounts
Total current assets
NON-CURRENT ASSETS:
Tangible assets
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machines and vehicles
Accumulated depreciation
Machines and vehicles, net
Equipment
Accumulated depreciation
Equipment, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total tangible assets
Intangible assets
Goodwill
Software
Software in progress
OthersTotal intangible assets
Investments and other assets
Investment securities
Investment stakeLong-term loan
Retirement benefit asset
Deferred tax assets
OthersAllowance for doubtful accounts
Total investment and other assets
Total non-current assets
TOTAL ASSETSLIABILITIESCURRENT LIABILITIES:Note and accounts payable
Electronically recorded payables
Short-term borrowings-7-

5,600,181
3,096,998

4,206,885-

2,690,448

586,558
3,998,831
506,015
1,344,812
118,673809,212△140,872
15,920,412

637,845
4,964,609
498,257
1,581,365
76,744
871,002△143,182
15,383,976

6,810,884△3,166,903
3,643,980
1,253,853△861,366
392,487
946,335△797,894
148,441
1,043,608
809,418△446,342
363,075
208,158
5,799,751

7,265,106△3,439,733
3,825,373
1,307,325△944,423
362,901
1,131,222△908,702
222,520
1,136,609
1,192,338△528,701
663,637
35,675
6,246,717

24,747288,114
17,659166,423496,945

51,722
246,904
43,240169,164
511,032

225,576
43,012
156,750
308,399
121,401
616,683△22,939
1,448,884
7,745,581
23,665,994

281,434
43,012
145,689
262,776
177,502607,962△20,102
1,498,276
8,256,026
23,640,002

3,513,059
1,071,036
3,734,870

2,570,448
1,197,109
3,915,796-

Current portion of long-term borrowings
Lease obligations
Accounts payable - otherAccrued expenses
Income taxes payable
Consumption taxes payable
Provision for bonuses
Other current liabilities
Total current liabilities
LONG-TERM LIABILITIES:Long-term borrowings
Lease obligations
Retirement benefit liability
Asset retirement obligations
Deferred tax liabilities
Other long-term liabilities
Total long-term liabilities
TOTAL LIABILITIESNET ASSETS
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeStock subscription rights
Non-controlling interests
TOTAL NET ASSETSTOTAL LIABILITIES and NET ASSETS

39,140104,315
813,196
126,076
338,590
70,90021,684
141,374
9,974,245

36,000162,019
773,974
169,578
313,029
56,847
27,141
164,576
9,386,521

111,000
282,274
9,086
222,9142,004
627,280
10,601,526

75,000508,489
11,110236,166
31,442
2,005
864,215
10,250,736

3,043,623
3,094,927
6,137,003△16,651
12,258,902

3,043,623
3,099,197
6,252,855△12,514
12,383,162

101,669

140,290

11,335496,568
88,811△7,052751,0317,284

698,384

891,554

1,681
105,500
13,064,468
23,665,994

1,025
113,524
13,389,266
23,640,002--8-

(2) Annual Consolidated Statement of Income and Comprehensive Income(Thousands of yen)

Net sales
Cost of revenue
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividend income
Foreign exchange gain
Royalty income
Subsidy income
Miscellaneous income
Total non-operating income
Non-operating expenses
Interest expense
Sales discounts
Stock issuance fee
Commitment fee
OtherTotal non-operating expenses
Ordinary income
Extraordinary gains
Gain on sales of non-current assets
Total extraordinary gains
Extraordinary losses
Loss on sales of non-current assets
Loss on retirements of non-current assets
Impairment losses
Total extraordinary losses
Income before income taxes
Income tax - current
Income tax adjustment
Total income taxes
Net income
attributable to noncontrolling interests
attributable to owners of the parent

FY2022(From Jan. 21, 2021,
to Jan. 20, 2022)
20,781,178
11,721,023
9,060,155
7,585,866
1,474,289-9-

FY2023(From Jan. 21, 2022,
to Jan. 20, 2023)
20,351,027
11,344,497
9,006,529
8,125,560
880,968

10,783
5,506
65,816
40,73130,97260,242
214,053

6,871
6,130
64,33245,49837,822
71,863
232,519

68,66737,91523,884
4,707
22,524
157,699
1,530,643

99,846425
2,096
28,988131,357
982,131

-

4,122
4,122

1,192
3,517
703
5,413
1,525,230
423,398
98,493521,892
1,003,337
2,268
1,001,068

5,328
13,01918,348
967,905
440,796
5,555
446,352
521,5522,589
518,962(Annual Consolidated Statement of Comprehensive Income, Cumulative）(Thousands of yen)

Quarterly net income
Other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeAnnual comprehensive income
attributable to owners of parent
attributable to non-controlling interests

FY2022(From Jan. 21, 2021,
to Jan. 20, 2022)
1,003,337- 10 -FY2023(From Jan. 21, 2022,
to Jan. 20, 2023)
521,552△23,567

38,621

19,271
367,062
9,261△18,387
259,897△81,526

372,027

198,604

1,375,364
1,359,766
15,598720,157
712,1328,024

(3) Annual Consolidated Statement of Shareholder Equity
FY2022 (From Jan. 21, 2021, to Jan. 20, 2022)(Thousands of yen)
Shareholders’ equity

Balance as of January 21,
2021
Increase/Decrease during
current period
Issuance of new stocks
Distributions ofdividend
Net income attributableto owners of the parent
Purchase of treasury
shares
Disposal of treasury
sharesIncrease/Decrease otherthan shareholders equity
during current period(net)
Total Increase/Decreaseduring current period
Balance as of January 20,
2022

Share
capitalCapitalsurplusRetainedearnings

1,820,860

1,862,014

5,427,501

1,222,762

1,222,762

Treasuryshares△26,529

Total
shareholders’equity9,083,847

2,445,525△291,566△291,566

1,001,068

1,001,068

10,149

△74

△74

9,952

20,102-

1,222,762

1,232,912

709,502

9,878

3,175,055

3,043,623

3,094,927

6,137,003△16,651

12,258,902(Thousands of yen)
Accumulated other comprehensive income

Balance as of January 21,
2021
Increase/Decrease during
current period
Issuance of new stocks
Distributions ofdividend
Net income attributableto owners of the parent
Purchase of treasury
shares
Disposal of treasury
sharesIncrease/Decrease otherthan shareholders equity
during current period(net)
Total Increase/Decreaseduring current period
Balance as of January 20,
2022

Valuationdifference on
Deferredavailable-for- gains or losses
saleon hedges
securities

Foreigncurrencytranslation
adjustment△7,936

142,835

125,236

Total
Remeasurements accumulatedof defined benefit
other
plans
comprehensive
income79,549339,686-△23,567

19,271

353,732

9,261

358,697△23,567

19,271

353,732

9,261

358,697

101,669

11,335496,568

88,811

698,384- 11 -

(Thousands of yen)Stocksubscription
rights

Noncontrollinginterests

2,341

90,921

Balance as of January 21,
2021
Increase/Decrease during
current period
Issuance of new stocks
Distributions ofdividend
Net income attributableto owners of the parent
Purchase of treasury
shares
Disposal of treasury
sharesIncrease/Decrease otherthan shareholders equity
during current period(net)
Total Increase/Decreaseduring current period
Balance as of January 20,
2022

Total
net assets
9,516,795

2,445,525△291,566
1,001,068△74
20,102△660

14,579372,617△660

14,5793,547,672

1,681

105,500

13,064,468

FY2023 (From Jan. 21, 2022, to Jan. 20, 2023)(Thousands of yen)
Shareholders’ equity

Balance as of January 21,
2022
Increase/Decrease during
current period
Issuance of new stocks
Distributions ofdividend
Net income attributableto owners of the parent
Purchase of treasury
shares
Disposal of treasury
sharesIncrease/Decrease otherthan shareholders equity
during current period(net)
Total Increase/Decreaseduring current period
Balance as of January 20,
2023

Share
capitalCapitalsurplusRetainedearnings

3,043,623

3,094,927

6,137,003

Treasuryshares△16,651

Total
shareholders’equity12,258,902△403,110△403,110

518,962

518,962

4,270

△56

△56

4,193

8,464

-

-

4,270

115,852

4,137

124,260

3,043,623

3,099,197

6,252,855△12,514

12,383,162- 12 -

(Thousands of yen)
Accumulated other comprehensive income
Valuation
Total
Foreigndifference on
DeferredRemeasurements accumulated
currencyof defined benefit
otheravailable-for- gains or losses
translationplanscomprehensive
saleon hedges
adjustment
incomesecurities
Balance as of January 21,
2022
Increase/Decrease during
current period
Issuance of new stocks
Distributions ofdividend
Net income attributableto owners of the parent
Purchase of treasury
shares
Disposal of treasury
sharesIncrease/Decrease otherthan shareholders equity
during current period(net)
Total Increase/Decreaseduring current period
Balance as of January 20,
2023

101,669

11,335496,568

88,811

698,384-

38,621△18,387

254,462△81,526

193,169

38,621△18,387

254,462△81,526

193,169

140,290△7,052751,0317,284

891,554(Thousands of yen)

Balance as of January 21,
2022
Increase/Decrease during
current period
Issuance of new stocks
Distributions ofdividend
Net income attributableto owners of the parent
Purchase of treasury
shares
Disposal of treasury
sharesIncrease/Decrease otherthan shareholders equity
during current period(net)
Total Increase/Decreaseduring current period
Balance as of January 20,
2023

Stock
subscription
rights

Noncontrollinginterests

1,681

105,500

Total
net assets
13,064,468△403,110
518,962
△56
8,464
△656

8,024

200,538

△656

8,024

324,798

1,025

113,524

13,389,266- 13 -

(4) Annual Consolidated Statement of Cash Flows(Thousands of yen)
FY2022(From Jan. 21, 2021,
to Jan. 20, 2022)
Cash flows from operating activities
Profit (loss) before income taxes
Depreciation
Goodwill amortization
Increase (decrease) in allowance for doubtful
accounts
Increase (decrease) in provision for bonuses
Interest and dividend income
Interest expenses
Foreign exchange losses (gains)
Loss (gain) on retirement of property, plant andequipment and intangible assets
Impairment losses
Loss (gain) on sale of property, plant andequipment and intangible assets
Decrease (increase) in accounts receivable
Decrease (increase) in inventory
Decrease (increase) in other current assets
Increase (decrease) in accounts payable
Increase (decrease) in other current liabilities
Increase (decrease) in unpaid consumption tax
Increase (decrease) by other operating activities
Subtotal
Income taxes paid
Interest and dividends received
Interest paid
Net cash provided by (used in) operating
activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Payments for fulfillment of asset retirement
obligations
Proceeds from collection of short-term loans
receivable
Loan advances
Proceeds from collection of long-term loans
receivable
Payments for acquisition of subsidiaries' stock
resulting in change in scope of consolidation
Increase (decrease) by other investing activities
Net cash provided by (used in) investing
activities
Cash flows from financing activities
Proceeds from short-term borrowings
Repayment of short-term borrowings
Proceeds from long-term borrowings
Repayment of long-term borrowings
Repayments of finance lease obligations
Proceeds from share issuance to non-controllingshareholders
Proceeds from sale of treasury shares- 14 -FY2023(From Jan. 21, 2022,
to Jan. 20, 2023)

1,525,230
647,972
4,044

967,905
711,745
13,02522,935△597△48,777△16,290
68,667
16,5785,457△13,002
99,846
41,161

3,517

5,328

703

13,0191,192△4,122△436,991△1,348,142△22,723
1,448,356△23,683△150,851
46,8291,738,568△199,206
16,290△71,260

449,921△1,008,736△109,766△1,087,242△32,965△14,053
50,66087,584△466,324
13,002△99,9141,484,392△465,651△511,561△498,941

414

4,876

△145,032△317△122,218△320△9,122--△8,000-8,000

18,891

19,996△3,196-△58,206△19,346△708,131△615,953

11,613,045△11,911,064
180,000△1,165,888△124,329

33,768,804△33,649,727△39,140△155,193

2,421,640-

20,102

7,808

Purchase of treasury shares
Dividends paid
Net cash provided by (used in) financing
activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period- 15 -△74△291,566△56△403,110

741,864△470,615

139,742

158,924

1,657,868
3,942,313
5,600,181△1,393,296
5,600,181
4,206,885

(5) Notes to Quarterly Consolidated Financial Statement
1) Note on Going Concern): None
2) Changes in Accounting Policies<Application of Accounting Standard for Revenue Recognition>
The "Accounting Standard for Revenue Recognition" (ASBJ Statement No. 29, March 31, 2020. Hereinafterreferred to as the "Accounting Standard for Revenue Recognition”) has been applied from the beginning of the firstquarter of the current fiscal year, and revenue is recognized at the amount expected to be received in exchange forthe promised goods or services when control of the promised goods or services has been transferred to thecustomer.
In accordance with the alternative treatment prescribed in Paragraph 98 of the "Guidance on Accounting Standard
for Revenue Recognition" (ASBJ Guidance No. 30, March 26, 2021), for domestic sales of products, our Company
recognizes revenue at shipping point if the interval between shipment and transfer of the control is normal.
The major changes resulting from the application of the Accounting Standard for Revenue Recognition are as
follows.
Sales promotion expenses and sales discount: A portion of sales promotion expenses previously recorded inselling, general and administrative expenses and sales discount previously recorded in non-operating expenses are
deducted from net sales.
The Company has followed the transitional treatment prescribed in the provision of Paragraph 84 of the
Accounting Standard for Revenue Recognition, and the cumulative effect of retrospective application of the new
accounting policy prior to the beginning of the first quarter of the current fiscal year has been included in retained
earnings at the beginning of the first quarter of the current fiscal year.
Consequently, the effect of this change on profit and loss for the first quarter of the current fiscal year isimmaterial. There is no effect on the beginning balance of retained earnings for the first quarter of the current fiscal
year.
Due to the application of Accounting Standard for Revenue Recognition "notes and accounts receivable," which
was included in "current assets" in the consolidated balance sheet for the previous fiscal year, is included in "notes,
accounts receivable and contract assets" in the consolidated balance sheet for the first quarter of the current fiscal
year.
In accordance with the transitional treatment prescribed in Paragraph 89-2 of the Accounting Standard for
Revenue Recognition, no reclassification has been made to reflect the new presentation for the previous
consolidated fiscal year.
In addition, according to the transitional treatment prescribed in Paragraph 89-3 of the Accounting Standard for
Revenue Recognition, the description is omitted related to the Accounting Standard for Revenue Recognition forthe previous consolidated fiscal year.
<Application of Accounting Standard for Fair Value Measurement>
The " Accounting Standard for Fair Value Measurement " (ASBJ Statement No. 30, July 4, 2019; hereinafterreferred to as the " Accounting Standard for Fair Value Measurement ") has been applied from the beginning of thefirst quarter of the current fiscal year, and in accordance with the transitional treatment stipulated in Paragraph 19of the Accounting Standard for Fair Value Measurement and Paragraph 44-2 of the Accounting Standard for
Financial Instruments (ASBJ Statement No. 10, July 4, 2019), the new accounting policy will be applied
prospectively. There is no impact on the quarterly consolidated financial statements.

3) Change in Presentation“Insurance income” under "Non-operating income", which was independently presented in FY2022, is includedin "Other" under "Non-operating income” in FY2023 because it became immaterial in terms of amount. As a result,“Insurance income” ¥5,864 thousands in FY2022 Income Statement was reclassified accordingly to "Other" under"Non-operating income” in FY2023 Income Statement.

- 16 -

4) Segment Information
1.
Determinant of Reporting Segment
The Group's reportable segments are components for which discrete financial information is available andwhich are subject to periodic review by the Board of Directors to determine the allocation of management
resources and evaluate their performance. We are a leading global producer of gardening and exterior, andmanufacture and provide relevant products and solutions worldwide.
Geographically, we oversee Japan area, and our local subsidiaries do overseas. Each local subsidiary is
independent management unit, and as such, operates business in accordance with locally tailored productstrategies comprehensive formulated by it.
Therefore, our geographical segment is determined based on manufacturing and distribution structure, and iscomposed of area-by-area segment; Japan, Europe, China, Korea and US.

2. Net Revenue, Profit or Loss by Segment
The accounting method of the reported business segments is in accordance with the accounting policies
adopted to prepare the consolidated financial statements. Profits of reportable segments are operating incomebased figures. Intersegment sales and transfers are based on prevailing market prices.

3. Sales, Income or Loss, Assets, Liabilities and other items by Reportable Segment(JPY in thousands)

FY2022 (From Jan. 21, 2021, to Jan. 20, 2022)
Sales
Sales for externalcustomers
Internal sales ortransfers between
segments
Total
Segment income (loss)
Segment assets
Other
Depreciation
Amortization of
Goodwill
Increase in tangible
and intangible assets

Reportable segment
Europe
China
Korea

Japan

Sub total

US17,026,616

981,339

1,349,928

200,849

937,417

20,496,152

1,560,107

2

3,990,634-

11

5,550,756

18,586,723
1,092,154
20,475,648

981,342△66,470
1,554,092

5,340,563
512,085
4,808,285

200,849
4,204
184,085

937,429
32,036
1,153,269

26,046,908
1,574,011
28,175,381

391,805

45,768

197,511508

12,385647,979

4,044

-

-

-

-

4,044

452,214

17,866

225,896-

37,398733,376

Others(Note 1)
Sales
Sales for external customers
Internal sales or transfers
between segments
Total
Segment income (loss)
Segment assets
Other
Depreciation
Amortization of Goodwill
Increase in tangible andintangible assets

Sub total(JPY in thousands)
Reported
amount for
Adjustment consolidated(Note 2)
financialstatements(Note 3)-

20,781,178

47

5,550,803 △5,550,803-

285,073△2,753
307,969

26,331,981 △5,550,803
1,571,257△96,968
28,483,351 △4,817,356

20,781,178
1,474,289
23,665,994

285,026

20,781,178

43-

648,022
4,044

△50
-

647,9724,044

703

734,079△375

733,703- 17 -

(Note)1. “Other" indicates a business segment that is not included in the reportable segments and includes the businessactivities of local subsidiaries in Australia and India.
2. Adjusted amount is as follows.
(1) Adjusted amount in segment profits and loss includes elimination of inter-segment transaction(¥ 97,327 thousands), inventory adjustment (△¥ 195,464 thousands), goodwill amortization (△¥ 771
thousands) and adjustment of allowance for doubtful accounts (¥ 1,940 thousands), respectively.
(2) Adjusted amount in segment assets includes elimination of inter-segment receivables and investments(△¥ 4,536,835 thousands), inventory adjustment (△¥381,092 thousands), goodwill amortization (△¥48,060 thousands) and adjustment of allowance for doubtful accounts (¥148,631 thousands),
respectively
3. Segment profit or losses is adjusted with operating profit in Consolidated Income Statements(JPY in thousands)

FY2023 (From Jan. 21, 2022, to Jan. 20, 2023)
Sales
Sales for externalcustomers
Internal sales ortransfers between
segments
Total
Segment income (loss)
Segment assets
Other
Depreciation
Amortization of
Goodwill
Increase in tangible
and intangible assets

Reportable segment
Europe
China
Korea

Japan

Sub total

US17,750,933

499,338

1,142,459

181,113486,559

20,060,404

949,845-2,786,434-

29,264

3,765,544

18,700,779
885,733
20,490,919

499,338△283,045
1,319,931

3,928,894
221,923
5,021,125

181,113△23,121
254,762

515,823△254,749
1,605,669

23,825,948
546,740
28,692,408

408,935

54,856

185,597

2,429

59,952

711,771

13,025----13,025419,868

39,911

109,877

7,150

366,722943,531

Others(Note 1)
Sales
Sales for external customers
Internal sales or transfers
between segments
Total
Segment income (loss)
Segment assets
Other
Depreciation
Amortization of Goodwill
Increase in tangible andintangible assets

Sub total(JPY in thousands)
Reported
amount for
Adjustment consolidated(Note 2)
financialstatements(Note 3)-

20,351,027

1,574

3,767,119 △3,767,119-

292,197△11,681462,573

24,118,146 △3,767,119
535,058
345,909
29,154,981 △5,514,979

20,351,027
880,968
23,640,002

290,623

20,351,027

31-

711,803
13,025△58-711,745
13,025133,089

1,076,621-

1,076,621(Note)
1. “Other" indicates a business segment that is not included in the reportable segments and includes the businessactivities of local subsidiaries in Australia and India.
2. Adjusted amount is as follows.
(1) Adjusted amount in segment profits and loss includes elimination of inter-segment transaction(¥ 265,678 thousands), inventory adjustment (¥ 80,837 thousands), goodwill amortization (△¥ 3,085
thousands) and adjustment of allowance for doubtful accounts (¥ 2,479 thousands), respectively.
(2) Adjusted amount in segment assets includes elimination of inter-segment receivables and investments(△¥ 5,584,193 thousands), inventory adjustment (△¥293,620 thousands), goodwill amortization(△¥48,060 thousands) and adjustment of allowance for doubtful accounts (¥410,895 thousands),
respectively
3. Segment profits and loss is adjusted with Operating income on the Consolidated Statement of Income.
- 18 -

【Relevant Information】
FY2022 (From Jan. 21, 2021, to Jan. 20, 2022)
1. Information by Product/Service(Thousands of yen)
Artificial
bamboo fence
products
Sales for
External
Customers

7,684,878

Gardeningproducts
6,476,472

Lightening
machinery andtools

OthersTotal

2,722,977

20,781,178

3,896,849

2. Information by Region(1) Net Sales
Japan
18,092,593

Europe980,602(Thousands of yen)Total
20,781,178

Others1,707,983(Note) Sales is classified by countries and regions, based on the location of clients.
(2) Tangible Assets
Japan

China
3,780,022(Thousands of yen)Total
5,799,751

Others1,755,480

264,248

3. Information by Major Customers
Description is omitted because there is no external customer accounted for 10% or more of the net sales
in the consolidated statements of income.
FY2023 (From Jan. 21, 2022, to Jan. 20, 2023)
1. Information by Product/Service(Thousands of yen)
Artificial
bamboo fence
products
Sales for
External
Customers

7,998,849

Gardeningproducts
5,576,954

Lightening
machinery andtools

OthersTotal

2,645,501

20,351,027

4,129,722

2. Information by Region(1) Net Sales
Japan
18,605,575

Europe499,338

Others1,246,114(Thousands of yen)
Total
20,351,027(Note) Sales is classified by countries and regions, based on the location of clients.
(2) Tangible Assets
Japan

China
3,794,664

Others1,801,657

650,395(Thousands of yen)Total
6,246,717

3. Information by Major Customers
Description is omitted because there is no external customer accounted for 10% or more of the net sales
in the consolidated statements of income.

- 19 -

【Information on Impairment Losses by Reportable Segment】
FY2022 (From Jan. 21, 2021, to Jan. 20, 2022)
Reportable segment
Japan
Europe
China
Korea
Sales
-

US

-

Sub total-(JPY in thousands)
Group
Total
Elimination
703

Others703(Note) Amount in “others” was derived from local subsidiaries in Australia.
FY2023 (From Jan. 21, 2022, to Jan. 20, 2023)
Reportable segment
Japan
Europe
China
Korea
Sales
-

US

-

Sub total-(JPY in thousands)
Group
Total
Elimination
13,019Others13,019(Note) Amount in “others” was derived from local subsidiaries in Australia.

【Information on Goodwill Amortization and Residual Unamortized Amount by Reportable Segment】
FY2022 (From Jan. 21, 2021, to Jan. 20, 2022)
Reportable segment
OthersGroup
EuropeChina
Korea
Residual
Unamortized
24,747
AmountGoodwill

US

Sub total-(JPY in thousands)
Group
Total
Elimination

Others-

24,747-

24,747(Note) Description on goodwill amortization amount is omitted, in order to avoid redundancy to the same
disclosure in segment information.
FY2023 (From Jan. 21, 2022, to Jan. 20, 2023)
Reportable segment
OthersGroup
EuropeChina
Korea
Residual
Unamortized
51,722
AmountGoodwill

US

Sub total-(JPY in thousands)
Group
Total
Elimination

Others51,722--

51,722(Note) Description on goodwill amortization amount is omitted, in order to avoid redundancy to the same
disclosure in segment information.
【Information on Gains Occurred from Negative Goodwill by Reportable Segment】
N/A5) Accounting Standard for Revenue Recognition-related【Breakdown of Revenue from Sales Contract-By Reportable Segment】
FY2023 (From Jan. 21, 2022, to Jan. 20, 2023)
Reportable
Japan
EuropeSegment
Pro-use13,127,081
8,959
segment
Home-use
4,499,946
segment
Overseas
98,247490,378
segment
OthersSales for
External
Customers(JPY in thousands)
China

Korea

US

OthersTotal-

56,973--

13,193,015

1,086,751---

5,586,698

55,707

124,139

486,559

290,623

1,545,656

25,657

-

-

-

-

-

25,657

17,750,933

499,338

1,142,459

181,113486,559

290,623

20,351,027- 20 -

6) Per Share Information
FY2022(From Jan. 21, 2021,
to Jan. 20, 2022)
739.30

FY2023(From Jan. 21, 2022,
to Jan. 20, 2023)
756.72

Basic earnings per share

65.00

29.60

Diluted earnings per share

64.87

29.58

(JPY)
Book-value per share(Note.1) Earnings per share and Diluted earnings per share were calculated based on the following:
FY2022
FY2023(From Jan. 21, 2021,(From Jan. 21, 2022,(JPY in thousands)
to Jan. 20, 2022)
to Jan. 20, 2023)
Net income per share
Net income attributable to shareholders
1,001,068
518,962of the parent
Amount not belonging to commonshareholders
Net income attributable to shareholders
1,001,068
518,962of the parent of common stock
Average number of shares of common
15,401,799
17,533,289
stock during the fiscal year (share)
Net income per share (Diluted)
Net income adjustment attributable to
Shareholders of the parent
Increase in shares of common stock(share)(Stock Subscription Right, Shares)
Summary of dilutive shares which were
excluded in the calculation of net income pershare due to their non-dilutive effect- 21 ---

30,881

10,345(30,881)(10,345)--

7) Significant Subsequent Event
Purchase of Treasury Stock
Takasho Co., Ltd. announces that its Board of Directors, at a meeting held on March 3, 2023, determined thefollowing matters pertaining to the acquisition of treasury stock, pursuant to Article 156 of the Company Act asapplied pursuant to Article 165, Paragraph 3.
1. Reason for repurchase of treasury stock
To enhance shareholder returns, improve capital efficiency, and implement a flexible capital policy
in response to changes in the business environment.
2. Details of matters relating to the acquisition(1) Type of shares of acquisition: Common stock of the Company(2) Total number of shares of acquisition: 700,000 shares (maximum)(Ratio to total number of shares outstanding (excluding treasury stock): 4.0%)(3) Total amount of shares of acquisition: 500 million yen (maximum)(4) Period of acquisition: March 6, 2023 - June 9, 2023
(5) Method of acquisition: Purchase on the Tokyo Stock Exchange

22