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, 2023
(Based on Japanese GAAP)
August 10, 2023
Company name:Takashima & Co.,Ltd.

Stock exchange listing: Tokyo
Stock code:
8007
Representative:
Inquiries:

URL

https://www.tak.co.jp/en/index.html

President and Representative Director
Accounting Unit Manager

Koichi Takashima
Koki Sakai

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 10, 2023–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
No

TEL

+81-3-5217-7297(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Three months ended June 30, 2023
19,77511.9
436 131.5591
96.6
415 116.8
Three months ended June 30, 2022
17,674(2.3)
188 (26.6)
300(7.4)
191 (20.8)
Earnings per share

Diluted earnings per share

Yen
93.44
42.85

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen––(2) Consolidated financial position
Total assets
As of June 30, 2023
As of March 31, 2023

Net assets

Millions of yen
59,51853,060Equity ratio

Millions of yen
19,685
19,539Net assets per share%
33.1
36.8

Yen
4,425.59
4,392.45

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
70.00

Yen–

Yen
100.00Yen
170.00

70.00

–

25.00

–

Year ending March 31, 2024 (Forecast)

Total*On October 1, 2023, the Company will carry out a 4-for-1 share split of its common stock. Dividends per share for the fiscal year ended March31, 2023, and the end of the second quarter of the fiscal year ending March 31, 2024 are the amounts prior to the stock split. Dividends at the endof the fiscal year ending March 31, 2024 are stated after taking such share split into consideration. Without the stock split, the year-end dividend
per share for the fiscal year ending March 31, 2024 would be 100 yen per share, and the annual dividend per share would be 170 yen per share.

13. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Yen
Full year
89,000
11.7
1,800
2.0
1,900(2.1)
1,600
0.9
89.92
* On October 1, 2023, the Company will carry out a 4-for-1 share split of its common stock. Earnings per share in the forecast of consolidated
financial results for the fiscal year ending March 31, 2024, takes into account the effect of this share split. Earnings per share without the stock
split would be 359.69 yen.
4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(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:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(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, 2023

4,466,273 shares As of March 31, 2023

4,466,273 shares

18,088 shares As of March 31, 2023

17,888 shares

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

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

4,448,272 shares Three months ended June 30, 2022

24,474,277 shares

Quarterly consolidated financial statements
Consolidated balance sheets
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Costs on construction contracts in progress
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Intangible assets
GoodwillOtherTotal intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

3(Millions of yen)
As of June 30, 2023

7,791

6,215

26,26026,430

5,162
64
1,446
13742(41)41,440

5,770
118
1,540
74
723
(33)
40,840

4,707

6,227

1,069
592
1,662

6,291
598
6,889

3,050
261
2,095
(158)
5,249
11,61953,0603,254
259
2,201(156)
5,560
18,67759,518

As of March 31, 2023Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

4(Millions of yen)
As of June 30, 2023

15,277
5,735
3,548
384
554

17,021
5,315
8,186
355
319

52

11

2,033
27,5852,216
33,426

30
3,347
84
2,472
5,935
33,520

25
3,678
127
2,575
6,405
39,832

3,801
1,637
12,482(47)17,874

3,801
1,637
12,453(47)
17,844704868417
555(12)
1,665
19,53953,060417
565(10)1,841
19,68559,518

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, 2022
June 30, 2023
Net sales
17,674
19,775
Cost of sales
15,694
17,041Gross profit
1,980
2,734
Selling, general and administrative expenses
1,791
2,298
Operating profit
188436
Non-operating income
Interest income
713
Dividend income
6460
Foreign exchange gains
2570
Share of profit of entities accounted for using equity
15
methodReversal of allowance for doubtful accounts
79
Other
29
15
Total non-operating income
136
174
Non-operating expenses
Interest expenses
815
Loss on abandonment of non-current assets
81
Leave allowance of non-current assets
6–
Other
13
Total non-operating expenses
2420
Ordinary profit
300591
Extraordinary income
Gain on sale of investment securities–
141
Total extraordinary income–
141
Extraordinary losses
Loss on sale of investment securities–
3
Loss on valuation of investment securities–
2
Total extraordinary losses–
6Profit before income taxes
300725
Income taxes - current
78150
Income taxes - deferred
29160
Total income taxes
108
310
Profit191
415
Profit attributable to owners of parent
191
415

5

Consolidated statements of comprehensive income (cumulative)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent

6

Three months ended
June 30, 2022
191

(Millions of yen)Three months ended
June 30, 2023
415

58
214
0272
464

163
102
176
591

464

591