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 Year Ended March 31, 2022
(Based on Japanese GAAP)May 11, 2022
Company name:Takakita Co., Ltd.

Stock exchange listing: Tokyo, Nagoya
Stock code:
6325
URL
Representative:
Inquiries:

http://www.takakita-net.co.jp

Representative Director and President
Division Manager,

Corporate Administration DivisionScheduled date of ordinary general meeting of shareholders:

Mitsuo Matsumoto
Atsushi Nakabou

TEL0595-63-3111

June 28, 2022

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

June 28, 2022
June 29, 2022

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

Yes
Yes

(for institutional investors)(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(1) Non-consolidated operating results

Percentages indicate year-on-year changes
Net salesYear ended March 31, 2022
Year ended March 31, 2021

Millions of yen
7,026
6,503

Operating profit
%
8.0
1.1

Millions of yen
529
399

Diluted earnings pershare
Yen
Yen
34.75
34.43
27.96
27.74

Earnings per share
Year ended March 31, 2022
Year ended March 31, 2021

Ordinary profit
%
32.5
5.5

Millions of yen
593
455

Profit/equity

Profit%30.3
8.2

Millions of yen
400
322%
24.0
22.9

Ordinary profit/total Operating profit/net
assetssales%%%
6.0
7.17.55.1
5.7
6.1(2) Non-consolidated financial position
Total assets
As of March 31, 2022
As of March 31, 2021

Net assets

Equity ratio

Millions of yen
8,647
8,164

Millions of yen
6,899
6,631

Cash flows fromoperating activities
Millions of yen
702
399

Cash flows frominvesting activities
Millions of yen
(200)
(272)

Net assets per share%
79.2
80.7

Yen
595.88570.33(3) Non-consolidated cash flows

Year ended March 31, 2022
Year ended March 31, 2021

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(158)
1,204(117)861

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2021
Year ended March 31, 2022
Year ending March 31, 2023
(Forecast)

Total cash
dividends (Total)

Total

Dividend payout
ratio (Nonconsolidated)

Ratio of dividends
to net assets (Nonconsolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

––

5.00
5.00

–
–

5.00
5.00

10.00
10.00

115
114

35.8
28.8

1.8
1.7

–5.00

–5.00

10.00

138.3

3. Forecast of non-consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
September 30, 2022
Full year

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Profit% Millions of yen

Earnings per share%Yen

4,000

5.7

300

(19.7)

315(19.5)

200(24.1)

17.40

7,200

2.5

400(24.5)450(24.2)

300(25.0)

26.10

4. Notes(1) 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:

Yes
No

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

NoNo(2) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022

14,000,000 shares As of March 31, 2021

14,000,000 shares

Number of treasury shares at the end of the period
As of March 31, 2022

2,506,217 shares As of March 31, 2021

2,451,205 shares

11,516,480 shares Year ended March 31, 2021

11,542,711 shares

Average number of shares during the period
Year ended March 31, 20222

Non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2021

As of March 31, 2022

AssetsCurrent assets
Cash and deposits
Notes receivable - trade861,659
96,602

1,204,439
110,987

954,966
1,004,245

1,137,763
996,795

Merchandise and finished goodsWork in process

665,311
141,932

781,851
139,389

Raw materials and supplies
Prepaid expenses

290,211
11,422

321,661
11,812

Accounts receivable - other
Advance payments to suppliers

529,537
22,040365,848
2,709

766

1,371

4,578,696

5,074,629

Electronically recorded monetary claims - operating
Accounts receivable - trade

Other
Total current assets3

(Thousands of yen)
As of March 31, 2021

As of March 31, 2022

Non-current assets
Property, plant and equipment
Buildings

1,978,226

1,998,404

Accumulated depreciation(929,353)(987,793)

Buildings, net

1,048,873

1,010,610

350,105

354,505(254,274)(269,594)

95,83084,910

Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net

2,400,426

2,396,030(2,028,859)(2,096,247)

371,566

299,783

90,89590,264(86,862)(86,860)

4,032

3,403

Tools, furniture and fixtures

734,700

758,230

Accumulated depreciation(681,056)(702,437)

53,64355,792Land

Tools, furniture and fixtures, net562,140

559,638

Leased assets
Accumulated depreciation

5,689(2,482)36,357(6,782)

Leased assets, net

3,207

29,574

Construction in progress

3,300

–

2,142,594

2,043,713

Software
Software in progress

111,818
33,620209,475–

Total intangible assets

145,438

209,475

Investments and other assets
Investment securities

Total property, plant and equipment
Intangible assets

933,264

956,791

Investments in capital
Investments in capital of subsidiaries and associates

7,260
152,5127,260
152,512Long-term prepaid expenses
Guarantee deposits

12,579992

10,0381,042

Leasehold deposits
Investment property

5,757
175,180

5,340
175,180

Other
Allowance for doubtful accounts

11,083(786)

12,202(666)

Total investments and other assets

1,297,844

1,319,702

3,585,877

3,572,891

8,164,574

8,647,520

Total non-current assets
Total assets4

(Thousands of yen)
As of March 31, 2021

As of March 31, 2022

Liabilities
Current liabilities
Notes payable - trade

5,172

5,264

Electronically recorded obligations - operating
Accounts payable - trade352,963
293,037

502,242354,762

Short-term borrowings
Accounts payable - other

70,00048,93870,00054,712

Accrued expenses
Income taxes payable

162,034
36,333

162,286
151,283

Accrued consumption taxes
Contract liabilities

72,446–

13,86538,218Advances received
Deposits received

41,18016,344–
9,229

Provision for bonuses
Notes payable - facilities

106,763308

113,945–

Electronically recorded obligations-facilities
Lease liabilities

70,103
1,241

24,337
6,882

Total current liabilities

1,276,867

1,507,029

Non-current liabilities
Long-term guarantee deposits11,088

11,088

1,966
236,977

22,691
175,923

4,700

4,100

Lease liabilities
Provision for retirement benefits
Provision for retirement benefits for directors (and otherofficers)
Deferred tax liabilities
Total non-current liabilities
Total liabilities

5

1,397

27,062

256,130

240,866

1,532,998

1,747,896

(Thousands of yen)
As of March 31, 2021

As of March 31, 2022

Net assets
Shareholders' equity
Share capital

1,350,000

1,350,000

Capital surplus
Legal capital surplus

825,877

825,877

Other capital surplus

4,155

6,319

Total capital surplus

830,032

832,196

204,500

204,500

4,000,000
405,484

4,200,000
490,3884,609,984

4,894,888

Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Total retained earnings
Treasury shares(612,725)(649,492)

Total shareholders' equity

6,177,291

6,427,592

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

409,173129

420,717625

Total valuation and translation adjustments

409,303421,342

Valuation and translation adjustments

Share acquisition rightsTotal net assets
Total liabilities and net assets

644,981

50,6896,631,575

6,899,624

8,164,574

8,647,520

Non-consolidated statements of income(Thousands of yen)

Net sales
Net sales of finished goods

Fiscal year ended

Fiscal year ended

March 31, 2021

March 31, 2022

6,054,373

6,584,508

449,510441,565

6,503,884

7,026,073

51,837804,195

33,443631,868

Cost of purchased goods
Cost of products manufactured

383,268
3,963,906

395,628
4,531,670

Total

5,203,208

5,592,610

Ending merchandise inventoryEnding finished goods inventory

33,443631,868

46,582735,268

Transfer to other accountTransfer from other account

10,042
10,357

3,693
21,830Net sales of goods
Total net sales
Cost of sales
Beginning merchandise inventory
Beginning finished goods inventory

4,538,212

4,828,896

Gross profit

Total cost of sales

1,965,672

2,197,177

Selling, general and administrative expenses

1,565,809

1,667,410

399,862

529,766

7

4

Dividend income
Rental income from real estate

34,34423,25238,604
23,385

Insurance claim income
Miscellaneous income

485
5,382452
7,907

Total non-operating income

63,47270,354

Operating profit
Non-operating income
Interest income

7(Thousands of yen)

Non-operating expenses
Interest expenses

Fiscal year ended

Fiscal year ended

March 31, 2021

March 31, 2022
243

245

Donations
Rental costs on real estate

62
4,123

62
4,198

Sales discounts
Loss on cancellation of leases

3,274
–

–
2,000

Other
Total non-operating expenses
Ordinary profit

231

287

7,934

6,793

455,400

593,327

Extraordinary income
Gain on sale of non-current assets–

542

Total extraordinary income–

542

–

142

Loss on retirement of non-current assets
Impairment losses

28,831––
2,502

Loss on valuation of investment securities

2,769

–

Total extraordinary losses

31,601

2,644

Profit before income taxes

423,798591,225

Income taxes - current

86,590177,608

Extraordinary losses
Loss on abandonment of non-current assets

Income taxes - deferred

14,416

13,475

Total income taxes

101,007

191,083

Profit322,791

400,1428

Non-consolidated statements of changes in equity
Fiscal year ended March 31, 2021
(Thousands of yen)
Shareholders' equity
Capital surplus

Balance at beginningof period

Retained earnings

Other capitalsurplus

Sharecapital

Legalcapitalsurplus1,350,000

825,877

Other retained earnings

Profit from
Dispositionof Treasury
SharesTotal capitalsurplusLegalretainedearnings–

825,877

204,500

Generalreserve

Retainedearnings
brought
forward3,850,000

348,081

Total
retainedearnings

TreasurysharesTotalshareholders' equity

4,402,581(617,636)

5,960,822

Cumulative effects
of changes inaccounting
policies
Restated balance–

1,350,000

825,877–

825,877

204,500

3,850,000

348,081

4,402,581(617,636)

5,960,822

150,000(150,000)––

Dividends ofsurplus(115,388)(115,388)(115,388)

Profit322,791

322,791

322,791

Changes during
periodProvision ofgeneral reserve

Purchase oftreasury shares
Exercise of shareacquisition rights

4,155

4,155

(88)

(88)

5,000

9,155

Net changes in
items other thanshareholders'equityTotal changes during
periodBalance at end ofperiod

–

–

4,155

4,155

–

150,000

57,402

207,402

4,911

216,468

1,350,000

825,877

4,155

830,032

204,500

4,000,000

405,484

4,609,984(612,725)

6,177,291

9

Valuation and translation adjustments
Valuationdifference on
available-forsale securities
Balance at beginningof period

213,444

Deferred
gains orlosses onhedges(71)

Totalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets

213,372

43,1166,217,311

Cumulative effects
of changes inaccounting
policies
Restated balance–

213,444(71)

213,372

43,1166,217,311

Changes during
periodProvision ofgeneral reserve–Dividends ofsurplus(115,388)

Profit322,791

Purchase oftreasury shares(88)

Exercise of shareacquisition rights(9,135)20

Net changes initems other thanshareholders'equity195,729

201

195,930

11,000206,930

Total changes during
period195,729

201

195,930

1,865

414,264

Balance at end ofperiod

409,173129

409,303

44,981

6,631,575

10

Fiscal year ended March 31, 2022
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings

Other capitalsurplus

Sharecapital

Legalcapitalsurplus1,350,000

825,877

Other retained earnings

Profit fromDispositionof Treasury
SharesTotal capitalsurplusLegalretainedearnings

4,155830,032

204,500

Total
retainedearnings

TreasurysharesTotalshareholders' equity(612,725)

6,177,291

Generalreserve

Retainedearnings
brought
forward4,000,000

405,484

4,609,984

(25)

(25)

4,000,000

405,459

4,609,959

200,000(200,000)––

Dividends ofsurplus(115,212)(115,212)(115,212)

Profit400,142400,142400,142

Balance at beginningof period
Cumulative effects
of changes inaccounting
policies
Restated balance

1,350,000

825,877

4,155

830,032

204,500(25)(612,725)

6,177,266

Changes during
periodProvision ofgeneral reservePurchase oftreasury shares
Exercise of shareacquisition rights

2,164

2,164

(39,267)(39,267)

2,500

4,664

Net changes in
items other thanshareholders'equityTotal changes during
periodBalance at end ofperiod

–

–

2,164

2,164

–

200,000

84,929284,929(36,767)

250,326

1,350,000

825,877

6,319

832,196

204,500

4,200,000

490,3884,894,888(649,492)

6,427,592

11

Valuation and translation adjustments

Balance at beginningof period

Valuationdifference on
available-forsale securities

Deferred
gains orlosses onhedgesTotalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets409,173129

409,303

44,981

6,631,575

Cumulative effects
of changes inaccounting
policies
Restated balance(25)

409,173129

409,303

44,981

6,631,550

Changes during
periodProvision ofgeneral reserve–Dividends ofsurplus(115,212)

Profit400,142

Purchase oftreasury shares(39,267)

Exercise of shareacquisition rights(4,654)10

Net changes in
items other thanshareholders'equity11,543495

12,03910,362

22,401

Total changes during
period11,543495

12,0395,708

268,073Balance at end ofperiod

420,717625

421,342

50,6896,899,624

12Non-consolidated statements of cash flows(Thousands of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year ended

March 31, 2021

March 31, 2022

423,798591,225

Depreciation
Impairment losses

280,457–

243,604
2,502

Loss (gain) on valuation of investment securities
Share-based payment expenses

2,769
11,000–10,362

Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for retirement benefits for(77,377)(61,053)(1,640)(600)

directors (and other officers)
Increase (decrease) in provision for bonuses

6,798

7,181

(34,352)
243(38,609)
245

–
–

142
(542)

28,831––2,000

Decrease (increase) in trade receivables
Decrease (increase) in inventories(488,795)
254,315(21,018)(145,446)

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

116,542(16,562)

230,427(58,280)

Other, net(17,971)(27,672)

Subtotal

488,058

734,467Interest and dividends received

23,03035,568Interest paid
Income taxes paid

(244)
(111,618)(244)(67,701)

Net cash provided by (used in) operating activities

399,225702,090(245,521)(101,492)

Proceeds from sale of property, plant and equipment
Purchase of intangible assets

117(44,699)

542(116,109)

Proceeds from rental of investment property
Proceeds from collection of loans receivable

23,252
110

23,385120

Other, net(5,344)(7,070)(272,086)(200,624)

Purchase of treasury shares
Dividends paid

(88)
(115,728)(39,463)(114,931)

Repayments of lease liabilities
Other, net(1,241)
20(4,300)
10(117,039)(158,685)

Net increase (decrease) in cash and cash equivalents

10,100342,780

Cash and cash equivalents at beginning of period

851,558

861,659

Cash and cash equivalents at end of period

861,659

1,204,439

Interest and dividend income
Interest expenses
Loss on abandonment of property, plant and equipment
Loss (gain) on sale of property, plant and equipment
Loss on retirement of property, plant and equipment
Loss on cancellation of leases

Cash flows from investing activities
Purchase of property, plant and equipment

Net cash provided by (used in) investing activities
Cash flows from financing activities

Net cash provided by (used in) financing activities

13