03

SectionCorporateInformation

79

Company Outline

81

Financial and Non-financial Data

83

Stock Information

85

Takuma CSR Report 2023

80

Section 03

Company Outline

Corporate Information

Company Outline
NameMain Business

TAKUMA CO., LTD.

Head office location

The design, construction and superintendence of a wide variety of boilers,plant machinery, pollution prevention plants,
environmental equipment plants,
and heating and cooling equipment and feed-water /drainage sanitation equipment and facilities
The design, construction and superintendence of civil,
architecture and other works

2-2-33 Kinrakuji-cho, Amagasaki, Hyogo 660-0806, Japan
TEL +81-6-6483-2609 (operator)
FAX +81-6-6483-2751

Representative director

Hiroaki Nanjo, President and CEO

Established

Number of employees

June 10, 1938

Capital4,247 (as of March 31, 2023)(consolidated)

Number of employees

13,367 Million yen (as of March 31, 2023)

1,002 (as of March 31, 2023)(non-consolidated)

Business Summary

Domestic
Environment
andEnergy
Business
環境・エネルギー（国内）事業
Municipal Solid Waste Treatment Plant
BusinessWaste treatment plant EPC andafter-sales service for local governments

EPC and after-sales service for Energy from Waste plants and energy plants

Water Treatment
Plant Business

Sewage treatment equipment EPC and after-sales service
for local governments● Waste incineration plants● Sewage sludge-fueled power plants● Recycling plants● Separator liquid treatment equipment● Biogas recovery plants● Reaction tank facilities(crushing, sorting,compacting,and packaging)● Advanced treatment facilities● Sewage sludge treatment equipment

Upflow moving-bed
sand filtration system

Waste incineration plant

Energy Plant Business

EPC and after-sales service of large boilers,biomass power plants, industrial waste treatment plants,
and other facilities for private-sector companies

Sludge-fueled power
generation facility● Industrial waste● Menu of CO 2 emissions

consumption of power

reductions● Non-fossil fuel certificate
intermediary services

Biomass power plantGroup companies● Hokkaido Sanitary Maintenance Co., Ltd.

Equipment and Systems Business

Manufacture and sale of, and provision ofafter-sales service for, heat source products
including general-purpose boilers andvacuum-type hot water heaters

Building equipment business (air-conditioning, water, andwastewater equipment installation services)
Sale of, and provision of after-sales service for, products for thesemiconductor industry

Group company

Local production and consumption of power●Takuma Technos Hokkaido Co., Ltd.
●Takuma Engineering Co., Ltd.

●Takuma System Control Co., Ltd.
● Kankyo Sol-Tech Co., Ltd.
● Kyoritsu Setsubi Co., Ltd.
●Takuma Plant Co., Ltd.

● Iwate-Kenpoku Clean Co., Ltd.
● Energy Mate Co., Ltd.

81

● iMET Co., Ltd.

●Takuma Energy Co., Ltd.

● Nagaizumi High Trust Co., Ltd.
● Fujisawa High Trust Co., Ltd.

● Hitachinaka-Tokai High Trust Co., Ltd.
● Anan High Trust Co., Ltd.

● Kurume High Trust Co., Ltd.

● Hokutan High Trust Co., Ltd.
● Suwako High Trust Co., Ltd.
● Imabari High Trust Co., Ltd.

● Kashihara High Trust Co., Ltd.
● Machida High Trust Co., Ltd.

● Suminoe High Trust Co., Ltd.
● Uwajima High Trust Co., Ltd.

● Hakodate High Trust Co., Ltd.

● Okinoshima High Trust Co., Ltd.
●TECHNO LINKS Inc.

●Tochigi High Trust Co., Ltd.

● Siam Takuma Co., Ltd. (Thailand)

Package Boiler BusinessGroup companies●Takuma Technos Co., Ltd.

Energy plant●Taiden Environtech Co., Ltd. (Taiwan)

Supplying power procured from power plants
and other facilities delivered by Takuma to public facilities
and private-sector companies● Local production andtreatment plants

Energy from Waste plant

Power Retail Business● Biomass power plants● Waste heat boiler plants

Overseas Environment and Energy BusinessNippon Thermoener Co.,Ltd.

Group companies
Sunplant Co.,Ltd.
Building equipment installation

Dan-Takuma Co.,Ltd.
Principal products

One-through boilers
Vacuum-type
hot water heaters● Hybrid hot water systems● Biomass boilers● Hydrogen-fired vacuum-typehot water heaters●●● Ecos Yonezawa Co., Ltd.

Hydrogen-fired vacuum-type hot water heater

Chemical filters

AMC environmental
concentration
measurement
equipment

Takuma CSR Report 2023

82

Section 03

Financial and Non-financial Data

Financial data (trend in principal management indicators and other financial data)
Fiscal YearEnd of ﬁscal year

Orders received (Millions of yen)

179,829

Backlog (Millions of yen)

330,939

Net sales (Millions of yen)

121,950

Other445,304

471,211

134,092

142,651

FY2019FY2020

FY2021

FY2022

123,154

160,591

164,865

130,280

10,473

9,928

13,813

Domestic Environment and Energy Business

7.1

7.1

7.4

9.7

Ordinary proﬁt (Millions of yen)

12,334

10,30011,028

10,647

14,684

Overseas Environment and Energy Business

799

1,351

883

2,035

5,922

10.1

7.7

7.5

7.9

10.3

Package Boilers Business

17,476

17,925

17,524

16,83018,400Equipment and Systems Business

8,567

6,790

10,166

8,917

14,328Adjustments

(642)

(390)

(601)

(404)

(373)

179,829

148,830

188,563

192,244

168,558

FY2018FY2019FY2020

FY2021

FY2022

Domestic Environment and Energy Business

322,292

337,322

377,143433,351447,646

Overseas Environment and Energy Business

525

733

427

1,457

6,028

Ratio of ordinary proﬁt (%)
Proﬁt attributable to owners of parent (Millions of yen)

8,853

7,445

7,529

7,434

9,621

Comprehensive income (Millions of yen)

7,325

5,881

8,344

7,246

10,989

11.1

8.9

8.6

8.1

9.9

Cash ﬂows from operating activities (Millions of yen)

10,817(11,732)(1,680)9,000

32,191

Cash ﬂows from investing activities (Millions of yen)

(1,382)(202)(2,053)(2,394)(5,604)

Cash ﬂows from ﬁnancing activities (Millions of yen)

(9,119)(4,350)

1,903(9,112)(4,280)Cash and cash equivalents at end of period (Millions of yen)

61,02744,75342,957

41,244

63,911

Net assets (Millions of yen)

83,08785,04090,55594,354

101,167

Total assets*1 (Millions of yen)

155,988

163,498

177,741

174,535

179,688

Capital adequacy ratio (%)

53.0

51.8

50.7

53.8

56.0

Capital investment (Millions of yen)

638

1,564

2,420

3,844

7,100

Depreciation (Millions of yen)

797

9171,036961

1,136960

1,154

1,047

1,006

1,150

Net assets per share (BPS) (Yen)

1,000.34

1,043.15

1,109.87

1,162.87

1,258.24

Net income per share (EPS) (Yen)

107.10

90.36

92.73

91.53

120.22

Dividend (Yen)

22.00

31.00

36.00

36.00

43.00

FY2018FY2019FY2020
FY2021
FY2022
March 2019 March 2020 March 2021 March 2022 March 2023
86.3

86.1

88.4

86.5

88.5

[Human resources] Number of employees (consolidated)

3,619

3,816

3,925

4,145

4,247

852

875894958

1,002

Number of female employees (non-consolidated)

68

70

75

81

85

Number of female employees in main career track andmanagement positions (non-consolidated)

14

17

22

3136

Percentage of management positions held by female workers

----

1.7 *

Gender wage gap (%, non-consolidated)*2

--

-

-

66.6 *3

Number of new-graduate hires (non-consolidated)

21

20

25

26

28

Number of mid-career hires (non-consolidated)

20

24

37

53

41

Average number of annual paid leave days taken (non-consolidated)

8.7

8.9

8.6

9.3

9.9

---

32

35*

(%, non-consolidated)

Percent utilization of parenting support programs(%, non-consolidated)

33----

3 4
32.3 * *

15.4

15.5

15.3

14.9

14.8

1.2

0.9

1.1

1.1

1.7

648

693

405

589

640

Accident frequency rate (non-consolidated)

1.76

0.87

1.62

1.85

0.27

Accident severity rate (non-consolidated)

0.06

2.16

0.03

0.12

0.01

01

0

10

Cumulative total of potential CO2 emission reductions throughproducts (thousands of tons per year, non-consolidated)*6

5,000

5,000

4,000

4,000

4,000

CO2 emissions (t-CO2 per year, non-consolidated)*7

1,758

1,914

2,032

2,137553

Total energy use (GJ per year, non-consolidated)

Percentage of male workers taking advantage ofparenting leave (%, non-consolidated)
Average years of service (non-consolidated)
Attrition rate (voluntary resignation) (%, non-consolidated)[Safety] Number of safety patrols (per year, non-consolidated)*5

Number of fatal accidents (per year, non-consolidated)

44,40647,90250,92753,982

51,685

Total waste emissions volume

193

314

558

495

472Total waste emissions volume

104

120

113

101

107

25,39025,17625,25831,38727,033(recycling volume) (tons per year, non-consolidated)(ﬁnal disposal) (tons per year, non-consolidated)

Input volume of water (m3 per year, non-consolidated)

Total▌Backlog (Millions of yen)

Package Boilers Business

3,872

3,928

4,521

4,852

5,940

Equipment and Systems Business

4,502

3,453

5,348

5,676

11,644

Adjustments

(252)

(122)

(288)

(33)

(48)

330,939

345,315

387,152

445,304

471,211

FY2018FY2019FY2020

FY2021

FY2022

Domestic Environment and Energy Business

93,724

108,123

120,770

108,657

115,985

Overseas Environment and Energy Business

3,057

1,143

1,188

1,005

1,351

Package Boilers Business

16,954

17,86816,931

16,49817,312Equipment and Systems Business

8,836

7,840

8,271

8,590

8,360

Total

[Customers] Customer satisfaction survey (points, non-consolidated)
Number of employees (non-consolidated)*1: “Partial Revisions to the ʻAccounting Standards for Tax Eﬀect Accountingʼ” have been applied since FY2019. Those changes have also been applied retroactively since the ﬁscal year ended March 2018.
*2: This diﬀerential derives from the fact that Takuma has far fewer female employees than male employees. The salary policies set forth in our Employment Rules require“equivalent pay for equivalent-value work”, and we do not treat employees diﬀerently on the basis of their gender.
*3: The symbol “‒” is shown for ﬁscal years for which data was not aggregated.
*4: If time oﬀ for reasons related to childcare is included, 88.2%.
*5: The number decreased during FY2020 and FY2021 due to changes in safety patrol methods due to the COVID-19 pandemic.
*6: The calculation method was changed starting in FY2020.
*7: Scope 1 and 2 for Head Oﬃce, branch oﬃces, and factories.

83

FY2018

9,600

Fiscal YearEnd of ﬁscal year

Environment

387,152
146,726

9.5

Non-financial Data

Social345,315
134,454▌Orders received (Millions of yen)

11,604

Research and development expenses (Millions of yen)

Per-share
information

192,244

Ratio of operating proﬁt (%)

Return on equity (ROE) (%)

Financial
position

168,558

188,563

148,830

Trend by segment

153,628

Operating proﬁt (Millions of yen)

Businessresults

FY2022
FY2021
FY2020FY2019FY2018March 2019 March 2020 March 2021 March 2022 March 2023

Corporate Information▌Net sales (Millions of yen)

(621)

(521)

(435)

(659)

(358)

121,950

134,454

146,726

134,092

142,651

FY2018FY2019FY2020

FY2021

FY2022

Domestic Environment and Energy Business

12,405

10,61911,475

10,906

14,875

Overseas Environment and Energy Business

163

(202)

(140)

(218)

(172)

Package Boilers Business

904

966

640

672

915

Equipment and Systems Business

361

384

876

656826Adjustments(2,231)(2,167)(2,378)(2,087)(2,630)Total

11,6049,600

10,473

9,928

13,813

FY2018FY2019FY2020

FY2021

FY2022Adjustments
Total▌Operating proﬁt (Millions of yen)

▌Ratio of operating proﬁt (%)
Domestic Environment and Energy Business

13.2

9.8

9.5

10.0

12.8

Overseas Environment and Energy Business

5.3(17.7)(11.8)(21.7)(12.8)

Package Boilers Business

5.3

5.4

3.8

4.1

5.3

Equipment and Systems Business

4.1

4.9

10.6

7.6

9.9

Total

9.5

7.1

7.1

7.4

9.7

Takuma CSR Report 202384

Section 03

Stock Information

Basic share information (as of March 31, 2023)

Shareholder distribution (as of March 31, 2023)

Business year

April 1 to March 31

Annual General Meeting of Shareholders

June

Record dateVoting rights at the Annual General Meeting of Shareholders: March 31
Cash dividends Year-end dividend: March 31
Intermediate dividend: September 30■Corporations in Japan
15,384,000 shares 18.5%

Shareholder registry andspecial account administrator

Mizuho Trust & Banking Co., Ltd.

■Foreign individuals

Contact information

Stock Transfer Agency Department, Mizuho Trust & Banking Co., Ltd.
2-8-4 Izumi, Suginami-ku, Tokyo 168-8507
Toll-free (within Japan): 0120-288-324 (inquiries concerning procedures related to shares)
0120-524-324 (electronic delivery system inquiries only)

Tokyo Stock Exchange Prime Market (stock code: 6013)

Number of shares per share unit

100

Total number of issuable shares

321,840,000

Total number of issued shares

83,000,000

Number of shareholders

7,977

Number ofshares
9,408,000

Shareholding
ratio (%)

Mizuho Trust & Banking Co., Ltd.
(Retirement Beneﬁts Trust, Mizuho Bank, Ltd. Account)
Custody Bank of Japan, Ltd. (Re-entrustment)

3,842,000

4.8

Custody Bank of Japan, Ltd. (Trust Account)

2,985,000

Nippon Life Insurance Company

2,874,000

3.7

HIKARI TSUSHIN, INC.

2,786,000

Shareholder

STATE STREET BANK AND TRUST COMPANY 505025

2,653,000

JP MORGAN CHASE BANK 385632
JP MORGAN CHASE BANK 380055
TAKUMA CO., LTD. Kyoueikai

1,980,000

We have adopted the policy of returning profits to shareholders based on a comprehensive consideration ofperformance and other factors based on the principle of maintaining stable dividends while strengthening ourconstitution so as to ensure our competitiveness in an increasingly challenging market. In addition to continuing
to bolster internal reserves to strengthen our financial position, we plan to use them to increase corporate
value by allocating them to capital investment, R&D, and other areas that will facilitate the future growth of ourbusinesses.

1,500

Cash dividends (Yen)

31.00

36.00

36.00

43.00

48.00

1,000

Consolidated dividend payout ratio (%)

34.3

38.8

39.3

35.8

46.2

500

Share buybacks (Millions of yen)

1,999

ー

747

1,252

ー

1,631,0000FY2017

FY2018FY2019FY2020Somewhatexcessive: 29%

Too much: 6%

2.0

FY2021

FY2022

Survey period: August 2022 to June 2023 /Number of respondents: 1,248

Q2 What is your level of satisfaction
regarding this Report?

Satisfied
: 64%

2.5

2,000

FY2023(forecast)Somewhatinsufficient: 1%

2.8(Yen)FY2022

I basicallyunderstood: 56%

2,207,000

2,500

FY2021

Entirely insufficient
: 0%

3.3
3.2

Share price

FY2020▌Volume of information

3.6
3.5

Notes
1. As of March 31, 2023, Takuma held 3,047,0 0 0 shares of treasury stock. Those shares were excluded when calculating the stakes ﬁgures for major
shareholders as listed above.
2. Stake ﬁgures do not include treasury stock ﬁgures (3,047,000 shares).

FY2019

Takuma CSR Report 2022 Questionnaire Survey Results

11.8

2,573,000

BNP PARIBAS LUXEMBOURG／2S／
JASDEC SECURITIES／UCITS ASSETS

Returns to shareholders

85

Major shareholders (top 10) (as of March 31, 2023)
The Master Trust Bank of Japan, Ltd. (Trust Account)

Listed stock exchange

I could notunderstandvery well: 1%■Financial institutions andstock brokerages
27,375,000 shares 33.0%

28,281,000 shares 34.1%(published on the companyʼs website) (https://www.takuma.co.jp/english/)
If it is not possible to publish electronic notices due to an accident or other unforeseen
circumstance, public notices will be published in the Nihon Keizai Shimbun.

I understood: 43%

3,047,000 shares 3.7%

8,911,000 shares 10.7%

Method of public notice

I could not understand: 0%■Treasury stock■Individuals, others

Electronic notices

Q1 Did you understand theactivities of our company?

Corporate Information

Q3 Which items were you interested in?
(Select up to three, top six responses.)▌Design▌Quality of information

Very bad
: 0%

Poor
: 1%

Average: 19%

Satisfied: 49%

Unsatisfactory: 0%
Average: 15%▌Readability
Somewhat
unsatisfactory: 1%
Satisfied: 44%

Somewhatdifficult to read
: 5%
Average: 26%

Somewhatsatisfied: 31%

Somewhatsatisfied: 40%

Somewhatsatisfied: 36%

Difficult toread: 1%
Satisfied: 32%

Message from Top
Management

47%

Feature: Machida City
Bio-energy Center

36%

13th Medium-Term
Management Plan

22%Takumaʼs technologies,contributions, and history

21%

Business Strategies

19%

The Takuma GroupʼsValues and Vision

17%01020304050

Takuma CSR Report 202386