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, 2022
(Based on Japanese GAAP)
October 31, 2022
Company name:Takakita Co., Ltd.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

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

Inquiries:Division Manager,
Corporate Administration Division

Atsushi Nakabou

TEL

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

November 4, 2022
December 1, 2022

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

Yes
Yes

0595-63-3111(for institutional investors)(Amounts less than one million yen are rounded down)

1. Non-consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)(1) Non-consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Net sales
Six months ended September 30, 2022
Six months ended September 30, 2021

Millions of yen
3,830
3,785

Operating profit

Ordinary profit

Profit% Millions of yen% Millions of yen% Millions of yen
%
1.2
386
3.4
414
5.9
279
6.0
19.7
373 141.9
391 129.9
263 137.6

Earnings per share

Diluted earnings per share

Yen
24.54
22.84

Six months ended September 30, 2022
Six months ended September 30, 2021

Yen
24.29
22.64

(2) Non-consolidated financial position
Total assets

Net assets

Millions of yen
8,8658,647

As of September 30, 2022
As of March 31, 2022

Equity ratio

Millions of yen
6,845
6,899%
76.6
79.2

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
5.00
5.00

Yen–

Yen
5.00

Yen
10.00

–

5.00

10.00

Year ending March 31, 2023 (Forecast)Total

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
Full year

Millions of yen
7,200

Operating profit% Millions of yen
2.5
400

Ordinary profit% Millions of yen(24.5)
450

1Profit% Millions of yen(24.2)
300

Earnings per share%(25.0)

Yen
26.67

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:

NoNo

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, 2022

14,000,000 shares As of March 31, 2022

14,000,000 shares

Number of treasury shares at the end of the period
As of September 30, 2022

2,906,217 shares As of March 31, 2022

2,506,217 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2022

11,379,497 shares Six months ended September 30, 2021

211,535,934 shares

Quarterly non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2022

As of September 30, 2022

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade

1,204,439
1,107,782

574,677
891,553

Electronically recorded monetary claims - operating
Merchandise and finished goods

1,137,763
781,851

1,669,245
887,942Work in process
Raw materials and supplies

139,389
321,661

192,141
519,212

Accounts receivable - other
Other

365,848
15,892

722,334
28,973

5,074,629

5,486,081

1,010,610
299,783

982,072
268,194559,638
173,679

559,638
182,080

2,043,713

1,991,985

Intangible assets
Investments and other assets

209,475

187,671

Investment securities
Other

956,791
363,577

836,659
363,448

Total current assets
Non-current assets
Property, plant and equipment
Buildings, net
Machinery and equipment, net
Land
Other, net
Total property, plant and equipment

Allowance for doubtful accounts

(666)

(606)

Total investments and other assets

1,319,702

1,199,501

3,572,891

3,379,158

8,647,520

8,865,239

Notes and accounts payable - trade
Electronically recorded obligations - operating

360,026
502,242441,801
776,524

Short-term borrowings
Income taxes payable

70,000151,283

70,000138,480

Provision for bonuses
Other

113,945
309,529

113,656
279,197

Total current liabilities

1,507,029

1,819,660

Total non-current assets
Total assets
Liabilities
Current liabilities

Non-current liabilities
Provision for retirement benefits

175,923

153,298

Provision for retirement benefits for directors (and otherofficers)

4,100

4,100

Other

60,841

42,928

Total non-current liabilities
Total liabilities

3

240,866

200,326

1,747,896

2,019,987

(Thousands of yen)
As of March 31, 2022

As of September 30, 2022

Net assets
Shareholders' equity
Share capital

1,350,000

1,350,000

Capital surplus
Retained earnings

832,196
4,894,888

832,196
5,116,685

Treasury shares(649,492)(850,692)

Total shareholders' equity

6,427,592

6,448,189

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

420,717625

338,348
349

Total valuation and translation adjustments

421,342

338,698

50,68958,364

6,899,624

6,845,252

8,647,520

8,865,239

Valuation and translation adjustments

Share acquisition rights
Total net assets
Total liabilities and net assets

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

Six months ended

September 30, 2021

September 30, 2022

Net sales
Cost of sales

3,785,608
2,558,607

3,830,665
2,561,401

Gross profit

1,227,000

1,269,264

Selling, general and administrative expenses

853,479

882,925

Operating profit

373,520

386,338

Interest income
Dividend income

2
7,219

2
15,751

Rental income from real estate
Other

11,7593,786

11,626
3,483

Total non-operating income

22,76730,863

126

118

2,677
2,000

2,790
–

357

276

Non-operating income

Non-operating expenses
Interest expenses
Rental costs on real estate
Loss on cancellation of leases
Other
Total non-operating expenses

5,161

3,185

391,126

414,016Extraordinary income
Gain on sale of non-current assets

269

499

Total extraordinary income

269

499

Ordinary profit

Extraordinary losses
Loss on abandonment of non-current assets–

31

Loss on sale of investment securities

–

211

–

242

Profit before income taxes

Total extraordinary losses

391,396414,273

Income taxes - current

117,106

124,064

Income taxes - deferred

10,86010,943

Total income taxes

127,966

135,008

Profit263,429

279,2655Non-consolidated statements of cash flows(Thousands of yen)Six months ended

Six months ended

September 30, 2021

September 30, 2022

Cash flows from operating activities
Profit before income taxes

391,396414,273

Depreciation
Share-based payment expenses

115,485
10,362

128,736
7,675

Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for bonuses(30,402)
4,703(22,625)(288)

Interest and dividend income
Interest expenses(7,221)
126(15,753)
118

–
(269)

31(499)Loss on cancellation of leases
Decrease (increase) in trade receivables

2,000(217,445)–(713,773)

Decrease (increase) in inventories
Increase (decrease) in trade payables(74,861)
334,053(356,394)
340,752

Increase (decrease) in accrued consumption taxes
Other, net(42,199)(2,301)

3,104(1,050)Subtotal

483,424(215,693)

Interest and dividends received
Interest paid

18,544(125)

30,116(119)

Income taxes paid

(23,404)(135,009)

Net cash provided by (used in) operating activities

478,439(320,705)

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment(49,672)
269(38,503)
500Proceeds from sale of investment securities
Purchase of intangible assets–(32,681)

596(15,650)

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

11,75960

11,62660

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

Cash flows from investing activities

Other, net(3,480)(4,058)Net cash provided by (used in) investing activities(73,745)(45,429)

Purchase of treasury shares
Dividends paid

(39,463)(57,755)(201,456)(57,764)

Repayments of lease liabilitiesOther, net(929)
10(4,406)–(98,138)(263,627)

Cash flows from financing activities

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

64–

306,560(629,762)

861,659

1,204,439

1,168,219

574,677