FOR TRANSLATION PURPOSE ONLY
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event ofany discrepancy between this translated document and the original Japanese document, the latter shall prevail.
August 6, 2024

Summary of Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2025
(Based on Japanese GAAP)
Company name:
Stock exchange listing:Stock code:
Representative:

TAKAMIYA CO., LTD.
Tokyo (Prime Market)
2445
URL:
https://corp.takamiya.co/en/
Representative Director, President and Chairman KAZUMASA TAKAMIYA

Scheduled Start Date for Dividend Payments:
Preparation of supplementary material on financial results:
Holding of financial results meeting:No

Yes(Amounts less than one million yen are rounded down)
1. Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2025 (April 1, 2024 to June 30, 2024)(1) Consolidated operating results
Percentages indicate year-on-year changes
Net salesFirst quarter of the fiscal year
ending March 31, 2025
First quarter of the fiscal year
ended March 31, 2024

(Note) Comprehensive income

Operating income

Profit attributable toowners of parent

Ordinary income

Million yen%

Million yen%

Million yen%

Million yen

%

9,745

(1.5)

262

(35.8)

344(44.1)

195(53.2)

9,896

9.7

409

125.5

615

41.0

417

33.0-

First Quarter of Fiscal Year Ending March 31, 2025 : 357 million yen
First Quarter of Fiscal Year Ending March 31, 2024 : 398 million yen

Quarterly
Earnings per
shareFirst quarter of the fiscal year
ending March 31, 2025
First quarter of the fiscal year
ended March 31, 2024

(10.2)%
27.8%

Diluted earnings
per share

Yen

Yen

4.19

4.03

8.95

8.64

(2) Consolidated financial condition
Total assets
First quarter of the fiscal year
ending March 31, 2025
Fiscal year ended
March 31, 2024

(Reference) Shareholders' equity

Net assets

Capital adequacy ratio

Net assets per share

Million yen

Million yen%

Yen

70,83522,14030.3

460.5068,945

22,15731.1

460.95First Quarter of Fiscal Year Ending March 31, 2025: 21,449 million yen
Fiscal year ended March 31, 2024: 21,470 million yen

2. Cash dividends
Annual dividends per share
End of the 1Q
Fiscal year ended
March 31, 2024
Fiscal year ending
March 31, 2025

End of the 2Q

End of the 3Q

End of term

Total

Yen

Yen

Yen

Yen

Yen

-

6.00

-

8.00

14.00

6.00

-

8.00

14.00

-

Fiscal year ending
March 31, 2025 (Forecast)(Note) Revisions from the most recently announced dividend forecast: None
3. Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2025 (April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Earnings
Profit attributable to
Net sales
Operating income
Ordinary income
per shareowners of parent
Million yen%

Million yen%

Million yen%

Yen

22,600
8.7
1,150
(4.6)
49,500
12.2
3,600
5.7
(Note) Revisions from the most recently announced earnings forecast: None

930
3,220

(37.4)(10.1)

500
2,000(50.3)
5.9

10.73
42.93

Second quarter (cumulative)
Full year%

Million yen

FOR TRANSLATION PURPOSE ONLY
Notes
(1) Changes in significant subsidiaries during the current quarter consolidated cumulative period(changes in specified subsidiaries resulting in changes in the scope of consolidation) : None
(2) Application of special accounting methods for the preparation of quarterly consolidated financial statements: None
(3) Changes in accounting policies, changes in accounting estimates, and restatements① Changes in accounting policies due to revision of accounting standards, etc.: Yes② Changes in accounting policies other than (1) above : None
③ Changes in accounting estimates : None
④ Restatement : None
(4) Number of shares issued (common stock)① Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024
46,585,600 shares As of March 31, 2024
② Number of treasury shares at the end of the period
As of June 30, 2024
7,080 shares As of March 31, 2024
③ Average number of shares during the period (cumulative quarterly)
As of June 30, 2024
46,578,520 shares As of June 30, 2023

46,585,600 shares
7,080 shares
46,578,580 shares* The quarterly financial statements are not subject to audit by certified public accountants or auditing firms.
*Explanation of the appropriate use of financial forecasts and other special notes(Cautionary Note Regarding Forward-Looking Statements, etc.)
The forward-looking statements, including business forecasts, contained in this document are based on information currently available to theCompany and on certain assumptions deemed reasonable, and are not intended as a promise by the Company that they will be achieved. Actual
results may differ materially due to a variety of factors. Please refer to "1. Qualitative information on quarterly financial results (3) Explanation of
consolidated financial forecasts and other forward-looking statements" on page 3 of the attached materials for the conditions that form theassumptions for the forecast of financial results and cautions concerning the use of the forecast of financial results.
(How to obtain quarterly financial results supplementary materials)
Supplementary materials for the quarterly financial results will be posted on the Company's website.

FOR TRANSLATION PURPOSE ONLY
Table of contents of attached documents
1. Qualitative information on quarterly financial results .......................................................................................................................

2(1) Explanation of business results ..............................................................................................................................................

2(2) Explanation of financial condition ………………………………………………………………………………...…………………...

3(3) Explanation of consolidated financial forecasts and other forward-looking statements ………………………………………...

3

2. Quarterly consolidated financial statements and major notes

4(1) Quarterly consolidated balance sheets ..................................................................................................................................

4(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income ……………………...

6

Quarterly consolidated statements of income
For the first quarter consolidated cumulative period.....................................................................................................

6

Quarterly consolidated Statements of comprehensive income
For the first quarter consolidated cumulative period.....................................................................................................

7(3) Notes to quarterly consolidated financial statements .............................................................................................................

8(Notes on Changes in Accounting Policies) .........................................................................................................................

8(Notes on Segment information) ..........................................................................................................................................

9(Note in the event of a significant change in the amount of shareholders' equity) ..............................................................

11(Notes on going concern assumption) .................................................................................................................................

11(Notes on the Quarterly Consolidated Statement of Cash Flows) .......................................................................................

11

1

FOR TRANSLATION PURPOSE ONLY
1. Qualitative information on quarterly financial results(1) Explanation of business results
In the first quarter of the fiscal year, the global economy has shown some recovery in personal consumption and a decline in inflation
rates. However, concerns about geopolitical risks, such as the prolonged conflict in Ukraine, continue to create an uncertain outlook.
In this environment, our group announced the "Medium-Term Business Plan 2024-2026" on May 10, 2024. This plan is based onfour Basic policies: "Establishment of Revenue Foundation through Establishment and Solidification of Platform Business," "Establishment of Growth Foundation through DX and Human Capital Investment," " Revenue Enhancement in Overseas Business,"and " Integration of Management Conscious of Capital Costs and Stock Prices." In this Medium-term Business plan, we aim to expand
our platform in alignment with our management vision of "Creating New Value with Takamiya Platform and DX, Transforming into theIndustry‘s First Scaffolding Platform Company," and we are implementing effective future investments to achieve this goal.
As a result, for the first quarter of the current fiscal year, the Company posted net sales of 9,745 million yen (down 1.5% year-onyear), operating income of 262 million yen (down 35.8% year-on-year), ordinary income of 344 million yen (down 44.1% year-on-year),and net income attributable to owners of the parent of 195 million yen (down 53.2% year-on-year). Overall, including investments forthe future, performance proceeded largely in line with the initial plan.
Regarding segment operating income, the information is as follows. From the first quarter of the fiscal year, in order to provide amore accurate understanding of our group's direction and strategy, we have added a new segment, "Platform Business," to thepreviously existing segments of Sales Business, Rental Business, and Overseas Business. We are now disclosing information acrossfour segments.

*Regarding the "Platform Business," sales related to "OPE-MANE" users are extracted and disclosed separately from the previous"Sales Business" and "Rental Business.
(Platform business)
Interest in the Takamiya Platform remains high, and inquiries for new procurements and additional purchases have been steadily
increasing. The number of user accounts for the Iq System's operational management service, "OPE-MANE," has also growncompared to the same period last year. Along with the increase in account numbers and the volume of entrusted equipment, sales ofancillary services such as the delivery of additional materials have also risen.
As a result, sales were 966 million yen (up 192.7% year-on-year) and operating income was 110 million yen (Operating loss of 40
million yen in the same period last year").
(Sales business)
In the temporary construction sector, although domestic construction demand remains solid, there are concerns about uncertain
conditions due to factors such as construction delays caused by a shortage of personnel and concerns about economic downturns
due to monetary tightening. This has led to revisions in the timing of purchases.
Outside of the temporary construction sector, while there have been inquiries in the solar and agricultural sectors, the absence oflarge-scale projects like those in the previous fiscal year has resulted in a decrease in sales.
As a result, sales were 1,859 million yen (down 33.7% year-on-year) and operating income was 74 million yen (down 76.6% yearon-year).
(Rental Business)
In both the construction and civil engineering sectors, rental demand remains high, and the rental volume of construction temporary
equipment has continued to be steady. With the increase in the number of users of our core platform service, "OPE-MANE," comparedto the same period last year, sales in some rental businesses have decreased. Additionally, the construction labor company Eco-Trai
Co., Ltd., which was consolidated at the end of the previous fiscal year, has been included in the consolidation from the beginning of
this fiscal year.
As a result, sales were 6,280 million yen (up 2.8% year-on-year) and operating income was 575 million yen (down 11.5% year-onyear).
(Overseas Business)
In the manufacturing sector, there has been no significant impact on the procurement of raw materials and components. Both HORYVIETNAM and Hory Korea have proceeded with shipments of temporary construction equipment to Japan as planned. At Hory Korea,
however, economic uncertainty and rising interest rates in South Korea have led to a cautious outlook, resulting in sluggish construction
2

FOR TRANSLATION PURPOSE ONLY
investment. Consequently, both sales and rental revenues have decreased compared to the previous fiscal year. At DIMENSION-ALL
INC., the situation remains challenging due to delays in project timelines resulting from the review of large-scale projects in thePhilippines.
As a result, sales were 1,855 million yen (up 1.7% year-on-year) and operating income was 140 million yen (up 248.0% year-onyear).
(2) Explanation of financial condition
Total assets at the end of the current first quarter consolidated accounting period were 70,835 million yen, an increase of 1,890
million yen from the end of the previous consolidated fiscal year. This was mainly due to a decrease of 1,443 million yen in Notes andaccounts receivable trade and contract assets, an increase of 1,066 million yen in Merchandise and finished goods, and an increaseof 1,370 million yen in Buildings and structures (net).
Total liabilities amounted to 48,695 million yen, an increase of 1,907 million yen from the end of the previous consolidated fiscal
year. This was mainly due to an increase of 1,141 million yen in short-term loans payable, an increase of 1,548 million yen in Longterm debt (including Current portion of long term loans payable).
Total net assets amounted to 22,140 million yen, a decrease of 17 million yen from the end of the previous fiscal year. This was
mainly due to a decrease of 177 million yen in retained earnings resulting from 195 million yen in net income attributable to owners of
the parent and 372 million yen in dividends from surplus.
(3) Explanation of consolidated financial forecasts and other forward-looking statements
Regarding the consolidated earnings forecast, there is no change to the consolidated earnings forecast for the second quarter
consolidated cumulative period and the full year announced in the "Summary of Financial Results for the Fiscal Year Ended March 31,2024" dated May 10, 2024.

3

FOR TRANSLATION PURPOSE ONLY
2. Quarterly consolidated financial statements and major notes(1) Quarterly Consolidated Balance Sheet
Million yen
First quarter of the fiscal year ending
Fiscal year ended March 31, 2024
March 31, 2025

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable trade and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Assets for rent
Accumulated depreciation - Assets for rent

7,786

7,693

12,033

10,590

6,375
1,244
1,344
617
(327)

7,441
1,341
1,442
835
(331)

29,07329,01348,22749,442(29,987)(30,756)

Assets for rent, net

18,24018,685

Buildings and structures

10,640(5,184)

12,142(5,317)

Buildings and structures (net)

5,455

6,825

Machinery, equipment and vehicles
Accumulated depreciation

4,029(2,566)

4,171(2,685)

1,463

1,486

9,058
1,432
(1,080)

9,531
1,354
(1,005)

352

348

769
2,166
(1,639)152
2,281(1,706)

Accumulated depreciation and impairment loss

Machinery, equipment and vehicles (net)Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Other
Accumulated depreciation
Other (net)

527

574

Total tangible assets

35,86737,605Intangible assets
Leasehold right
Other

327

327

381

377

709

705

452

584

758
154
612
1,473
(156)

771
155
636
1,396
(32)

Total intangible fixed assets
Investments and other assets
Investment securities
Guarantee deposits
Retirement benefit asset
Deferred tax assets
Other
Allowance for doubtful accounts
Total investments and other assets

3,294

3,510

Total non-current assets

39,871

41,821

68,94570,835

Total assets

4FOR TRANSLATION PURPOSE ONLY

Million yen
First quarter of the fiscal year ending
Fiscal year ended March 31, 2024
March 31, 2025

Liabilities
Current liabilities
Notes and accounts payable - trade
Short-term loans payable
Current portion of bonds
Current portion of long term loans payable
Lease obligations
Income taxes payable
Provision for bonuses
Notes payable - facilities
Other

6,746
3,986
785
5,792
364
922
564
391
2,870

6,647
5,128
785
6,059
335
187
143
418
3,509
23,214

Total current liabilities

22,424Non-current liabilities
Bonds payable
Long-term debt
Lease obligations
Retirement benefit liability
Asset retirement obligations
Other

5,958

5,910

14,742
525
1,042
34
2,059

16,024
499
1,050
34
1,961

Total non-current liabilities

24,36325,48046,787

48,695

1,052

1,052

1,910
17,888(3)

1,910
17,711(3)

20,847

20,670

134

155

(0)
453
34

0
586
35

622

778

485
201

485
205

22,157

22,14068,94570,835

Total liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Non-controlling interests
Total net assets
Total liabilities and net assets

5FOR TRANSLATION PURPOSE ONLY
(2) Quarterly consolidated statements of income and consolidated statements of comprehensive income(Quarterly consolidated statements of income)（First quarter consolidated cumulative period
Million yen
First quarter of the fiscal year
ending March 31, 2025

First quarter of the fiscal year
ended March 31, 2024
Net sales

9,896

9,745

Cost of sales

6,850

6,679

Gross profit

3,046

3,066

Selling, general and administrative expenses

2,637

2,803

409

262

Interest income
Dividend income

5
3

1
4

Rent income

25

24

Income from sale of scrap

38

47

Foreign exchange gains

196

117

Operating income
Non-operating income

Other

31

28

Total non-operating income

301

224

Interest expense
Payment fee

59
11

81
38

Provision of allowance for doubtful accounts

16

-

Other

6

22

Non-operating expenses

Total non-operating expenses

94

142

615

344

Gain on sales of fixed assets

70

Total extraordinary income

7

0

-

38

Total extraordinary loss-

38

Profit before income taxes

623

306

Income taxes - current
Income taxes - deferred

95
101

136
(31)

Total income taxes

197

104

Profit426

201

Ordinary income
Extraordinary gains

Extraordinary loss
Loss on support to subsidiaries
and subsidiaries and affiliates

Profit loss attributable to non controlling Interests
Profit attributable to owners of parent

6

9

6

417

195

FOR TRANSLATION PURPOSE ONLY
(Quarterly consolidated Statements of comprehensive income)（First quarter consolidated cumulative period）
First quarter of the fiscal year
ended March 31, 2024
Net income (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains (losses) on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans, net of tax
Total other comprehensive income (loss)
Comprehensive income(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non controlling interests

7

Million yen
First quarter of the fiscal year
ending March 31, 2025

426

201

20
(0)
(49)
1
(28)
398

20
0
133
1
156
357

388
9

351
6

FOR TRANSLATION PURPOSE ONLY
(3) Notes to quarterly consolidated financial statements(Notes on Changes in Accounting Policies)
We have applied the "Accounting Standards for Corporate Tax, Resident Tax, and Business Tax" (Corporate Accounting Standard
No. 27, October 28, 2022, hereinafter referred to as the "2022 Revised Accounting Standard") from the beginning of the first quarter
consolidated accounting period.
Regarding the amendments related to the classification of corporate tax, etc. (taxation on other comprehensive income), we havefollowed the transitional treatment specified in the proviso of Paragraph 20-3 of the 2022 Revised Accounting Standard and thetransitional treatment specified in the proviso of Paragraph 65-2(2) of the "Application Guidance on Accounting for Income Taxes"(Application Guidance on Corporate Accounting Standards No. 28, October 28, 2022, hereinafter referred to as the "2022 Revised
Application Guidance"). There is no impact on the quarterly consolidated financial statements as a result of this.
Additionally, concerning the amendments related to the treatment in the consolidated financial statements for deferred tax effects
arising from the sale of subsidiary shares between consolidated companies, we have applied the 2022 Revised Application
Guidance from the beginning of the first quarter consolidated accounting period. This change in accounting policy is applied
retroactively, and the quarterly consolidated financial statements for the previous fiscal quarter and the consolidated financial
statements for the previous fiscal year reflect the retroactive application. There is no impact on the quarterly consolidated financial
statements for the previous fiscal quarter or the consolidated financial statements for the previous fiscal year due to this change.

8FOR TRANSLATION PURPOSE ONLY
(Notes on Segment information)
I. Consolidated cumulative period for the first quarter of the previous fiscal year (from April 1, 2023 to June 30, 2023)
1. 1. Information on sales and profit or loss amounts by reporting segment and revenue decomposition information(Million yen)

Platform Business Sales BusinessNet sales
Income fromcontracts withcustomers
Other income
Net sales toexternalcustomers
Intersegment
sales andtransfers Net sales
or transfer amount
Total
Segment income

Rental Business

Overseas
BusinessAmount allocatedon consolidated
statements ofincome(Note 2)Adjustment(Note 1)

Total

220

2,751

3,116

513

6,601

-

6,601

109

--

2,981

204

3,295

-

3,295

330

2,751

6,097

717

9,896

-

9,896

-

54

15

1,106

1,176

(1,176)

-

330

2,806

6,112

1,824

11,073(1,176)

9,896

(40)

317

650

40

968

(559)

409

Notes 1. The segment profit adjustment amount of (559) million yen includes the elimination of inter-segment transactions of 52
million yen and company-wide expenses of (612) million yen that are not allocated to each reporting segment. Companywide expenses are mainly general and administrative expenses that do not belong to the reporting segment.
2. Segment income is adjusted with operating income on the quarterly consolidated income statement.
3. Other income includes lease income based on ASBJ Statement No. 13, "Accounting Standard for Lease Transactions."
2. Information on impairment loss or goodwill of fixed assets by reporting segment
Not applicable.

9FOR TRANSLATION PURPOSE ONLYⅡ Consolidated cumulative period for the first quarter of the current fiscal year (from April 1, 2024 to June 30, 2024)
1. Information on sales and profit or loss amounts by reporting segment and revenue decomposition information(Million yen)

Platform BusinessNet sales
Income fromcontracts withcustomers
Other income
Net sales toexternal customers
Intersegment sales
and transfers
Net sales ortransfer amount
Total
Segment income

Sales Business Rental Business

Overseas
BusinessAmount allocatedon consolidated
statements ofincome(Note 2)Adjustment(Note 1)

Total

-

510

1,838

3,367

485

6,201

6,201

455

-

2,842

246

3,544

-

3,544
9,745

966

1,838

6,209

732

9,745

-

-

21

71

1,123

1,216

(1,216)

-

966

1,859

6,280

1,855

10,962(1,216)

9,745

110

74

575

140

900

(638)

262

Notes 1. The segment profit adjustment amount of (638) million yen includes inter-segment transaction elimination of 12 million
yen and company-wide expenses of (650) million yen not allocated to each reporting segment. Company-wide expenses
are mainly general and administrative expenses that do not belong to the reporting segment.
2. Segment income is adjusted with operating income on the quarterly consolidated income statement.
3. Other income includes leasing income, etc. based on Corporate Accounting Standard No. 13 “Accounting Standard forLease Transactions”.
2. Information on impairment loss or goodwill of fixed assets by reporting segment
Not applicable.
3. Matters Related to Changes in Reporting Segments
Our group will promote the expansion of the "Takamiya Platform," which was established under the "Medium-term
management plan 2021," as outlined in the "Medium-term Business Plan 2024-2026." Accordingly, transactions related to the"Takamiya Platform" will be managed separately, and we have identified "Platform Business" as a distinct business segment.
As a result, from the first quarter of the consolidated fiscal year, we are disclosing our reporting segments as "Platform
Business," "Sales Business," "Rental Business," and "Overseas Business."
Additionally, segment information for the previous first quarter of the consolidated fiscal year has been disclosed based on therevised reporting segment classifications.

10FOR TRANSLATION PURPOSE ONLY
(Note in the event of a significant change in the amount of shareholders' equity)
Not applicable.
(Notes on going concern assumption)
Not applicable.
(Notes on the Quarterly Consolidated Statement of Cash Flows)
We have not prepared the Quarterly Consolidated Statement of Cash Flows for the first quarter of the consolidated fiscal year. However,the depreciation expenses (excluding amortization of goodwill, including amortization of intangible fixed assets) for the first quarter of theconsolidated fiscal year are as follows.

First quarter of the fiscal year ended
March 31, 2024

Depreciation

1,297 million yen

11First quarter of the fiscal year ending
March 31, 2025

1,367 million yen