August 26, 2024
Company:
Representative:

Takasho Co., Ltd.
Nobuo Takaoka, President & CEO(Stock code: 7590, TSE Standard)Contact:

Atsushi Inoue, Corporate Officer,Corporate Management
Headquarters Vice Director(TEL: +81-73-482-4128)

Notice Regarding the Revision of the Financial Forecast for the Fiscal YearEnding January 20, 2025 and Revision of the Year-End Dividends
At its meeting held today, in light of recent business performance trends, the Board of Directors of Takasho Co.,
Ltd. (hereby referred to as “the Company”) resolved to revise the financial forecasts for the fiscal year endingJanuary 20, 2025 ( From January 21, 2024, to January 20, 2025), which was released on March 5, 2024, and torevise its per-share dividend forecasts as described below.

１． Revision of Consolidated Financial Forecast
Revision of the Financial Forecast for the Fiscal Year Ending January 20, 2025
(From January 21, 2024, to January 20, 2025)
Net sales(JPY MM)

Operatingincome(JPY MM))

Ordinaryincome(JPY MM)Net income
attributableto owners ofthe parent(JPY MM)

Basicearnings pershare(JPY)Previously announced forecast (A)22,047

583

618

323

19.16Revised forecast (B)20,750150350855.04

Variance in amount (B - A)
Variance in percentage (%)(Ref.) Actual results for FY2024
4Q (Cumulative, from Jan.21, 2023,
to Jan. 20, 2024) (C)△1,297△5.9△433
△74.3

△268
△43.4

△238
△73.7

19,411△108250

△75

106.9

―

139.8

―

YoY (%)（Ｂ÷Ｃ）――△4.45―（Reason for the Revision of Financial Forecast）
Sales in the Pro-use segment for the first half of the fiscal year ending January 20, 2025 were in line withexpectations as the remodeling and non-housing sectors (such as public and commercial facilities, and even major
restaurant chains) are growing while the housing construction are declining.
However, sales in the Home-use segment were sluggish, at 78.1% of the initial forecast, negatively affected by
the rebound decrease in sales by COVID-19 at home centers, and decreased customer attraction at large retail stores
due to bad weather.

In addition, in Overseas segment, sales in Europe increased (YoY 154.3%) as new store introductions
progressed, but the recovery of the home center market was delayed in the U.S. due to sluggish consumer demand
for relocation. As a result, the sales in Overseas segment was 84.3% of the initial forecast.
Gross profit decreased from the initial forecast because cost of sales increased by 2.2% from the initial forecast,affected by sharp Yen’s depreciation (about 10% weaker), and a 54 million yen increase in inventory write-downs
from the initial forecast. Selling, general and administrative (SG&A) expenses decreased from the initial forecast
due to adjustments in other expenses, while upfront investments for capital expenditures and human resources
increased. As a result, operating income has been decreased.
Ordinary income was 64.8% of the initial forecast due to foreign exchange gains of 241 million yen resulting
from exchange rate fluctuations (yen depreciation). However, net income attributable to parent company shares was
22.5% of the initial forecast due to an increase in the tax burden rate resulting from tax effects.
Based on the situation during the first half of the current fiscal year, we expect the market environment to remainchallenging in the second half of the fiscal year, and have revised our full-year consolidated earnings forecast.
２．Revision of the Year-End Dividends
Annual cash dividends per share
Initial forecast

2nd quarter

Year-endTotal

Yen

YenYen(announced on March 5, 2024)

8.00

8.00

Revised forecast

5.00

5.00

5.00

5.00

Actuals for FY2025

0.00

Actuals for FY2024

0.00（Reason for the Revision）
We consider returning profits to shareholders to be one of our most important management priorities. With regard
to dividends from surpluses, our basic policy is to provide stable and continuous dividends to shareholders, while
taking into consideration strengthening our financial position and the future business development of the entire
group.
In light of the revisions to our earnings forecasts announced today, and after comprehensively taking into
consideration our shareholder return policy and financial position, we have decided to revise our annual dividend
forecast for this fiscal year from the previous forecast of 8 yen per share to 5 yen per share.
Although the outlook for economic trends is still extremely uncertain, our policy is to give due consideration tothe return of profits to our shareholders, while also taking into account various factors such as improvement inprofitability, financial soundness, and the dividend payout ratio.
（Note）The performance forecast described in this report are based on information that is available to the Company,
as well as certain assumptions and estimates that are deemed to be reasonable, and we make no assurance thatsuch descriptions prove to be correct. Actual figures may significantly differ due to various factors.
End of document