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 Non-Consolidated Financial Results
for the Six Months Ended September 30, 2023
(Based on Japanese GAAP)
October 31, 2023
Company name:Takakita Co., Ltd.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

6325
URL https://www.takakita-net.co.jp
Representative Director and President
Mitsuo Matsumoto

Inquiries:Assistant General Manager,
Accounting Department,

Kazushi Kawabe

TEL

Corporate Administration Division
Scheduled date to file Quarterly Securities Report:

November 10, 2023

Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:

December 1, 2023
Yes

Holding of quarterly financial results meeting:Yes0595-63-3111(for institutional investors)(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the six months ended September 30, 2023 (from April 1, 2023 to September 30, 2023)(1) Non-consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Net sales
Six months ended September 30, 2023
Six months ended September 30, 2022

Millions of yen
4,290
3,830

Operating profit% Millions of yen
12.0
518
1.2
386

Earnings per share

Profit% Millions of yen
31.7
372
5.9
279

%
33.4
6.0

Diluted earnings per share

Yen
33.58
24.54

Six months ended September 30, 2023
Six months ended September 30, 2022

Ordinary profit% Millions of yen
34.3
545
3.4414

Yen
33.17
24.29

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
10,151
9,113

As of September 30, 2023
As of March 31, 2023

Equity ratio

Millions of yen
7,424
7,052%
72.5
76.7

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
5.00
5.00

Yen–

Yen
8.00

Yen
13.00

–

5.00

10.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of non-consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Net sales
Full year

Millions of yen
8,000

Operating profit% Millions of yen
3.5
600

Ordinary profit% Millions of yen
(1.5)
650

1Profit% Millions of yen
(3.5)
430

Earnings per share%
(9.7)

Yen
38.76

4. Notes(1) Application of special accounting methods for preparing quarterly non-consolidated financial statements: No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
NoChanges in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2023

14,000,000 shares As of March 31, 2023

14,000,000 shares

Number of treasury shares at the end of the period
As of September 30, 2023

2,906,217 shares As of March 31, 2023

2,906,217 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023

11,093,783 shares Six months ended September 30, 2022

211,379,497 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2023

As of September 30, 2023

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade778,284
1,460,668

942,047
1,026,622

Electronically recorded monetary claims - operating
Merchandise and finished goods

1,467,208
809,477

1,943,123
1,012,486

Work in process
Raw materials and supplies

184,583
417,600

228,758
572,913

Accounts receivable - otherOther

519,156
24,990922,653
29,798

5,661,969

6,678,404

Buildings, net
Machinery and equipment, net

956,520
238,940

928,165
213,072

Land
Other, net

559,638
181,345559,638
174,599

1,936,444

1,875,475

Intangible assets
Investments and other assets

176,759

150,491

Investment securities
Other

929,979
409,167

1,046,651
401,417

Total current assets
Non-current assets
Property, plant and equipment

Total property, plant and equipment

Allowance for doubtful accounts

(555)

(555)

Total investments and other assets

1,338,592

1,447,514

Total non-current assets

3,451,796

3,473,481

9,113,766

10,151,885

Notes and accounts payable - trade
Electronically recorded obligations - operating

388,630
721,135

486,045
1,217,325

Short-term borrowings
Income taxes payable

70,000115,550

70,000179,306

Provision for bonuses
Other

128,716
426,935

118,377
432,602

Total current liabilities

1,850,968

2,503,657

Total assets
Liabilities
Current liabilities

Non-current liabilities
Provision for retirement benefits

129,387

104,384

Provision for retirement benefits for directors (and otherofficers)

4,100

4,100

Other

76,770114,749

Total non-current liabilities
Total liabilities

3

210,258

223,234

2,061,226

2,726,891

(Thousands of yen)
As of March 31, 2023

As of September 30, 2023

Net assets
Shareholders' equity
Share capital

1,350,000

1,350,000

Capital surplus
Retained earnings

832,196
5,258,173

832,196
5,541,902

Treasury shares(850,692)(850,692)

Total shareholders' equity

6,589,677

6,873,407

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

404,333
164

486,601
656

Total valuation and translation adjustments

404,497487,258

58,36464,328Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

4

7,052,539

7,424,993

9,113,766

10,151,885

Non-consolidated statements of income (cumulative)(Thousands of yen)Six months ended

Six months ended

September 30, 2022

September 30, 2023

Net sales
Cost of sales

3,830,665
2,561,401

4,290,031
2,875,482

Gross profit

1,269,264

1,414,548

Selling, general and administrative expenses

882,925

895,731

Operating profit

386,338

518,817

Interest income
Dividend income

2
15,751

2
14,521

Rental income from real estate
Other

11,626
3,483

11,512
3,266

Total non-operating income

30,86329,302

118

105

Rental costs on real estate
Other

2,790
276

2,783
120

Total non-operating expenses

3,185

3,009

414,016545,110Gain on sale of non-current assets

499

999

Total extraordinary income

499

999

Loss on abandonment of non-current assets
Loss on sale of investment securities

31211

130
–

Total extraordinary losses

242

130

Profit before income taxes

414,273

545,980

Income taxes - current
Income taxes - deferred

124,064
10,943

163,600
9,899

Total income taxes

135,008

173,500

Profit279,265

372,479

Non-operating income

Non-operating expenses
Interest expenses

Ordinary profit
Extraordinary income

Extraordinary losses

5Non-consolidated statements of cash flows(Thousands of yen)Six months ended

Six months endedSeptember 30, 2022

September 30, 2023

Cash flows from operating activities
Profit before income taxes

414,273

545,980

Depreciation
Share-based payment expenses

128,736
7,675

119,0965,964

Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for bonuses(22,625)(288)(25,002)(10,338)

Interest and dividend income
Interest expenses(15,753)
118(14,523)105

31(499)130(999)

Decrease (increase) in trade receivables
Decrease (increase) in inventories(713,773)(356,394)(412,218)(402,496)

Increase (decrease) in trade payables
Increase (decrease) in accrued consumption taxes

340,752
3,104

589,223(43,119)

Loss on abandonment of non-current assets
Loss (gain) on sale of non-current assets

Other, net(1,050)26,971

Subtotal(215,693)

378,772

Interest and dividends received

30,116

14,523

Interest paid
Income taxes paid

(119)
(135,009)(108)(99,090)

Net cash provided by (used in) operating activities(320,705)

294,096(38,503)(27,955)500
596

1,000–

Purchase of intangible assets
Proceeds from rental of investment property(15,650)
11,626(15,143)
11,512

Proceeds from collection of loans receivable
Other, net60(4,058)–(3,988)Net cash provided by (used in) investing activities(45,429)(34,575)

Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Proceeds from sale of investment securities

Cash flows from financing activities
Purchase of treasury shares(201,456)–

Dividends paid
Repayments of lease liabilities(57,764)(4,406)(88,695)(7,062)

Net cash provided by (used in) financing activities(263,627)(95,757)

Net increase (decrease) in cash and cash equivalents(629,762)

163,763

Cash and cash equivalents at beginning of period

1,204,439

778,284

574,677

942,047

Cash and cash equivalents at end of period6