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 Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
February 6, 2024
Company name:C.I. TAKIRON Corporation
Stock exchange listing: Tokyo
Stock code:
Representative:

4215
URL https://www.takiron-ci.co.jp/
Representative Director President
Yuji Fukuda

Inquiries:

General Manager Finance & Accounting
Dept.

Shuji Kondo

TEL

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

February 9, 2024–

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

03-6711-3714(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 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%
Nine months ended December 31, 2023
102,065(7.1)
4,122 (13.2)
4,339 (12.8)
2,745(5.6)
Nine months ended December 31, 2022
109,832
4.2
4,748 (31.6)
4,975 (31.3)
2,907 (49.9)
Earnings per share

Diluted earnings per share

Yen
28.21
29.90

Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
150,284
149,274

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
94,48692,658

Net assets per share
%
62.0
61.1

Yen
956.53937.34

2. Cash dividends
Annual dividends per share
1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Year ended March 31, 2023

Yen–

Yen
11.00

Yen–

Yen
4.00

Yen
15.00

Year ending March 31, 2024

–

11.00

–
11.00

22.00

Year ending March 31, 2024 (Forecast)Total

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

Millions of yen
146,000

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen
%
Yen
0.2
6,200
7.1
6,300
6.4
5,000 103.2
51.37

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

Yes(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:

No
No

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 December 31, 2023

97,597,530 shares As of March 31, 2023

97,553,655 shares

Number of treasury shares at the end of the period
As of December 31, 2023

234,933 shares As of March 31, 2023

271,516 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

97,323,524 shares Nine months ended December 31, 2022

297,247,547 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023Assets
Current assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

5,603
33,295

9,002
30,138

Electronically recorded monetary claims - operating
Merchandise and finished goods

13,637
16,561

16,74917,097Work in process
Raw materials and supplies

3,540
8,024

3,921
6,917

Deposits paid
Other

16,141
1,330

14,842
1,334

(40)

(20)

98,09599,984

14,352

14,002

Machinery, equipment and vehicles, net
Land

9,347
12,6099,446
12,616

Construction in progress
Other, net

997
2,726

979
2,742

Total property, plant and equipment

40,03339,786

Intangible assets
Investments and other assets

2,755

3,087

Investment securities
Deferred tax assets

3,036
2,238

1,838
2,534

Other
Allowance for doubtful accounts

3,116
(2)

3,055
(2)

Total investments and other assets

8,389

7,425

Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net

Total non-current assets
Total assets

3

51,17850,299149,274

150,284

(Millions of yen)
As of March 31, 2023

As of December 31, 2023

Liabilities
Current liabilities
Notes and accounts payable - trade25,24022,697

Electronically recorded obligations - operating
Short-term borrowings

5,964
5,939

6,674
5,684

Income taxes payable
Provision for bonuses

797
1,810

1,631
1,115

Other

6,479

7,274

Total current liabilities

46,23345,078

682
5,576

714
5,699

158
699

159
657

Non-current liabilities
Deferred tax liabilities
Retirement benefit liability
Asset retirement obligations
Provision for product warranties
Other

3,264

3,487

Total non-current liabilities

10,382

10,71856,61555,797

Share capital
Capital surplus

15,20431,034

15,21631,046

Retained earnings
Treasury shares

43,003(170)

44,285(146)

Total shareholders' equity

89,07190,402

Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income
Valuation difference on available-for-sale securities

94

264

Deferred gains or losses on hedges
Foreign currency translation adjustment

(10)
1,380

(2)
1,877

Remeasurements of defined benefit plans

650

588

2,114

2,727

1,471

1,356

Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

492,658

94,486

149,274

150,284

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

Net sales
Cost of sales

109,832
80,915102,065
74,796Gross profit

28,91627,268Selling, general and administrative expenses

24,16823,146

Operating profit

4,748

4,122

Dividend income
Share of profit of entities accounted for using equity method

110–

74
29

Rental income
Other105312

105376

Total non-operating income

528

586

Non-operating income

Non-operating expenses
Interest expenses

75215

Rental costs
Other

55
170

56
97

Total non-operating expenses

301

369

4,975

4,339

Gain on sale of non-current assets
Gain on sale of investment securities

505303Gain on sale of shares of subsidiaries and associates
Gain on sale of golf club membership

––

41
14

Gain on termination of retirement benefit plan
Gain on liquidation of subsidiaries and associates

131185––

Total extraordinary income

322364

9916–
–

050

Loss on liquidation of business
Provision for product warranties

–391

457
–

Loss on COVID-19

140–

Ordinary profit
Extraordinary income

Extraordinary losses
Loss on disposal of non-current assets
Loss on sale of investment securities
Loss on valuation of investment securities

632

524

Profit before income taxes

Total extraordinary losses

4,665

4,179

Income taxes

1,753

1,627

Profit

2,911

2,552

Profit(loss)attributable to non-controlling interests
Profit attributable to owners of parent

54(193)

2,907

2,745

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Nine months ended

Nine months ended

December 31, 2022

December 31, 2023

2,911

2,552

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

(105)
6170
8

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax

741
(87)

563
(64)

Total other comprehensive income

555

677

3,467

3,230

3,348

3,358

118

(128)

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6