I am using the vegetable oil ink
which considered environment.

Total Solutions That Create New Excitement and Surprises

Head Office: 29, Mameda-cho, Nishi-kyogoku, Ukyo-ku, Kyoto 615-8501, Japan
Phone: +81-75-325-2111 Fax: +81-75-325-2250

2024.Jul

Securities Code : 7510

Corporate Philosophy & Code of Activities

Corporate P hilosophy

Code of Activities

1. Trust
Provide exceptional service and build a high level of trust with customers

2. Technology
Strive to absorb and revolutionize new technologies that will benefit customers

3. Integrated power
Combine individual strengths and create a total service menu

Drawing on the progressive spirit that is intrinsic to Kyoto,
we seek to be the “leading total solution trading company
from Kyoto” together with our diverse partners.
It is my pleasure to offer greetings to our shareholders and to express our gratitude for your continued support.
Since our company’s founding in 1926, the support of our many customers has allowed us to build
our current management foundation as a technology trading company handling industrial electrical andelectronic equipment from Mitsubishi Electric and other suppliers, with the Kyoto area as our primary base.
We have expanded our sales sites to encompass seven branches, one sales office, and ten affiliates (five in Japanand five overseas). In addition to our mainstay Mitsubishi Electric products and the products of our many partners,
we provide proprietary solutions that combine our own original products with system development to meetthe diverse needs of our customers.
While flexibly adapting to societal transformation, we will continue taking on challenges at the forefront of the age
as the “leading total solution trading company from Kyoto”, tackling solutions to customers’ problems inbusiness fields spanning industrial equipment, semiconductors and devices, social infrastructure, and IT.
We look forward to your continued patronage in the future.

President

1

Hiroshi Okagaki
2Summary of Businesses

Soc ia l / Inf or ma tion a nd C ommunic a tions Busine ss

FA a n d D evi ce Busi ness
Industrial Equipment and Systems

Social Infrastructure

FA devices

Cooling and heating equipment for house use

We primarily handle industrial factory automation (FA) equipment such as
controllers, drive controls, and Power distribution controls. These form one of thecore product areas for the Company, with broad application that includes various
manufacturing systems produced by assembly manufacturers and forenvironmental merchandise. This business field is expected to continue growing at
a stable rate going forward.

In this sector, we mainly handle air conditioning units and devices for household
equipment. In addition, we cover a wide range of needs from design to construction
and maintenance and contribute to the creation of comfortable environments forour customers. We are focusing on environmental and energy-saving products
where demand has been expanding in recent years. This business field is expected
to grow steadily moving forward.

Controllers

Programmable controllers, indicators, etc.

Drive Controls

Servomotors, inverters, electromagnetic clutch, etc.

Power
Distribution
Controls

No-fuse circuit breakers, earth leakage circuit breakers,
motor starters, power meters, Indicators, power transformers,
instrument transformers, power distribution control networks, etc.

Rotational
Equipment

Various motors, electric fans for industrial use, etc.

SensorOmron Devices

Various switches, sensors, temperature regulators, levels,
opt-electrical elements, surveillance systems, image
processing equipment, on-board products, etc.

programmable controllers

misola(blue sky lighting)Air-conditioning equipment factor, air-conditioners (including packaged-type),
residential equipment, low-temperature facility work,
heat pump water-heaters (Ecocute), solar power generators, IH,
lighting-fixtures, exhaust fans, floor heating systems, secondary batteries andcharging/discharging equipment, etc.

Building facilities
In this sector, we mainly handle building equipment such as elevators andescalators. This business field is projected to grow at a stable rate in the future amid
efforts to make offices more intelligent and buildings and factories more comfortable.

servomotors

Elevators, escalators, building management systems,
multi-layer parking-lot equipment, hoist cranes, etc.

Machinery and systems

Facilities for heavy electric, power and public utilities

We provide that little bit of extra added value that extends beyond the sale of single
products such as systems that automate the production line and save on labor by
way of accepting orders for integrated machinery and systems. This is an area of
focus for Takebishi as a technological trading company, with the business fieldprojected to expand further in the future.

We handle electrical substation equipment for Kansai Electric Power Co. as well as
local municipalities in Kyoto and Shiga prefectures (mainly for equipment used inwater supply and sewage facilities). Moreover, we sell emergency power generating
equipment as well as power distribution facilities for systems in factories andbuildings. Stable demand is forecast over the long term in this business field.

®
D i G tDeviceGateway(Original Products)

robot

FA systems, original products, wire-saving systems, educational and technicalsupport, etc.

Industrial equipment

Power equipment, power distribution facilities, emergency power generating
equipment, water treatment supervisory control system, etc.

elevators

escalatorswater treatment supervisory control system

Radiation equipment

We provide high-precision, high-performance processing machinery and robots that
contribute to enhanced productivity and quality. This business field is expected to
grow steadily amid increasing need for automation and labor-saving overseas aswell as in Japan.

We handle inspection equipment such as radiation cancer therapy systems andother therapy equipment as well as CT and MRI systems. We have a line-up ofstate-of-the-art equipment, and this business field is projected to grow over thelong term alongside development of sophisticated medical treatment.

Laser processing machines, electric-discharge machines, electron-beamprocessors, industrial robots, numerical controllers, computer-aided
design/computer-aided machines, machining tools, automated machines/
instrumentation equipment, room-temperature wafer bonding machines, etc.

Radiation cancer therapy device, high-energy X-ray application for
nondestructive testing, etc.

radiation cancer therapy device

electric discharge machines

Semiconductors and Devices
evicesInformation and Communications Equipment

Semiconductors

Information systems

We sell semiconductor parts from Japan and overseas mainly to assembly
manufacturers and electronic device makers. These products are indispensable inhigh-performance electronic devices. Going forward, this business field is expected
to continue growing steadily.

We are developing an integrated business model that ranges from the sale ofequipment such as PCs and PC servers to the design, development, andmaintenance of mission-critical systems such as sales management and production
management systems. Stable demand is forecast for this business field due toongoing advancements in information technology.

Power devices, optical/high-frequency devices,transistors, various ICs, development tools, etc.

air conditioners

computer systems for industrial use
semiconductors
nductors

Fault tolerance server
digital whiteboard

Open systems, consulting, maintenance/training,
various hardware, various software, etc.

Devices
We handle products from Japan and overseas for incorporation into machinery andfor peripheral devices. The products are used in a variety of fields, including homeelectronics such as PCs, controllers for industrial application, and other products forthe amusement sector. This business field is projected to expand further going
forward.
LCD modules,electronic paper, OEL display, other display devices, touch-panels,
industrial controller, CPUboards, storage, power units, thermal heads,
closed image sensors, communication module,
ODM connection (Remote controller/Surveillance camera), etc.

3

Communications equipment
electronic
ectronic paper
papersstorages

Liquid crystal
modulesODM
M connection
Remote controller/Surveillance camera

mobile device

In telecommunication systems, we are focusing on security systems such as
network cameras and controls for entering and exiting, including PBX, which is key
to communication within and between companies. This field is projected to grow in
the future.
Network camera systems, security systems, PBX,
emergency earthquake alert delivery systems, mobile device,
video conference system, mobile phone website businesses, etc.

TECSAS sales management(Original Products)

devicemonitoringtool
network camera(Original Products)

4

Summary of Business Performance

Fiscal 2023 Resul ts
Overview of Financial Results
In fiscal 2023, the outlook for the Japanese economy continued to be uncertain. Although recovery was visible in production areas such as
automotive and machinery thanks to an easing of supply shortages in semiconductors and electronic components, there were at the sametime countereffects from factors including progressively lengthening inventory adjustment and stagnancy in the Chinese economy.
Against this background, we launched our Medium-term Business Plan, T-Link 1369, which targets consolidated fiscal 2026 Group results ofnet sales of ¥130,000 million, new business of ¥30,000 million, ordinary income of ¥6,000 million, and ROE of 9%. In addition to further
expanding FA devices and other core businesses, we have been responding to growth markets with the creation of new business. These
efforts have included stepping up growth strategies in the four areas of global, medical, automation, and original, and focusing on expanding
our business as a general trading company into fields such as energy solutions, mobility, materials, and digital transformation (DX).
We have also been focusing on continuously raising corporate value by striving for management that considers things like capital costs andshare price, properly implementing growth strategies, increasing shareholder return, and earnestly engaging with investors.
As a result, the consolidated business performance for this fiscal year was net sales of ¥101,355 million (year-on-year increase of 4.1%),
operating income of ¥3,736 million (year-on-year decrease of 4.6%), ordinary income of ¥ 3,915 million (year-on-year decrease 3.1%), andprofit attributable to owners of parent of ¥ 2,501 million (year-on-year decrease of 8.6%).

¥

Net sales

101,355

million(year-on-year increase of 4.1 %)Operating income

¥

3,736

million(year-on-year decrease of 4.6 %)Ordinary income

¥

3,915

million(year-on-year decrease of 3.1 %)Profit attributableto owners of parent

¥

2,501

million(year-on-year decrease of 8.6 %)Net Sales by Segment

Inf o r mat i o n an d Commu n icati on s Eq u ip men t
Change in Sales (¥ million)

Net sales

Operating income

7,440

7,047

8,035

Industrial Equipment and System s¥ 8,035 million (year-on-year increase of 14.0%)

Net sales¥ 216 million (year-on-year decrease of 4.1%)

In our key cellular phone business, sales continued strong for high-end models.
In information systems, sales increased for large displays for combined shops.
As a result, the overall net sales for this segment increased 14.0% compared tothe previous year.

Operating income

7.9%

2022.32023.317.8%

2024.3

Change in Sales (¥ million)

Net sales(year-on-year increase of 31.6%)

18,034
Operating income

12,4102022.3¥ 18,034 million¥ 599 million(year-on-year increase of 49.2%)

13,701

Sales improved in radiation cancer treatment
equipment and medical diagnostic equipment, andincreased in business related to surgical operations
and areas such as AI-driven DX and ICT for
medicine. In building equipment, sales
grew for cargo-carrying elevators for
distribution warehouses.
As a result, net sales for this segment
increased 31.6% compared to theprevious year.

2023.32024.3S o c i a l I n fras tru ctu re5

Semiconductors
and Devices

33.0%

Change in Sales (¥ million)¥ 2,213 million (year-on-year decrease of 0.6%)
FA devices saw increased sales mainly on the strength ofsemiconductor manufacturing equipment and EV batteries. However,sales were down in industrial mechatronics due to a drop following
a large order of industrial processing machines in the previous year.
In addition, equipment systems saw lower sales in products such as
electronic components and LCDs.
As a result, net sales for this segment decreased 0.2% compared tothe previous year.

Information andCommunications
Equipment

Soc ialI n f r astructure¥ 41,807 million (year-on-year decrease of 0.2%)

Industrial
Equipment
and Systems

41.2%

41,898 41,807
36,6492022.3¥ 33,477 million

Net sales

2023.32024.3

Change in Sales (¥ million)(year-on-year decrease of 3.7%)
Operating income

34,757 33,477

710

million¥(year-on-year decrease of 33.4%)
Device sales weakened mainly inSoutheast Asia on the effects ofslower demand against a backgroundof factors including inventory
adjustment of electronic components.
In addition, semiconductors dropped
following the previous year’s special
demand for on-market items.
As a result, net sales for this segment
decreased 3.7% compared to theprevious year.

25,1022022.32023.32024.3

Semiconducto rs and Devices
6

Strength of TAKEBISHI

Medium-term Business Plan, “T-Link1369”

Product × Solution with technical expertise

Targeting consolidated net sales of 130 billion yen
in the fiscal year 2026 (100th anniversary)

Together with diverse partners, aim to be
the leading total solution trading company from Kyoto.

programmable controllers

misolaelectronicele
oni papers(blue sky lighting)

Mitsubishi Electric Products
Product boasts
high market shareradiation cancer
therapy device

Partner Products
Suppliers: More than
1,600 companies

servomotors

light curtain
CMOS
laser sensor

electric dischargemachines

Consolidated net sales

NEW Business sales※Compared to FY2022

billion yen

billion yen%

Evolving 4
Growthaiming to bea general trading
company

FileArk（Data entry work efficiency tool with AI-OCR）

DeviceXPlorer
OPC Server

OPC Spider（The Software for Data linkage between a production facilities and any host system）

Cumulative Sales Results of Original Products
Number of sales countries

62

Growth Strategies

innovation

TECSAS sales management

ROE（target）

Creating

semiconductor

Connection skill

DeviceGateway2026

重Priority measuresrobot

billion yen
Fiscal year

Ordinary income

Original
products

ReformFinancial

Non-Financial

countries

Accumulated sales
about

51,000units

Businessmanagementthat emphasizes

capitalefficiency

Refining

sustainability management

78

Transition of Business Performance（ Consolidated ）Sales
97,404

100,000

101,355

101,500

97,404

100,000

101,355

101,500

7.9％

8.0％

17.8％

18.6％

7.2％

80,000Business Performance

Change in Sales by Business Segment ¥ million¥ million

81,60380,00074,26863,56860,00060,00081,60374,268

9.1％

11.4％

63,568 15.2％
11.2％

22.9％

35.7％

18.9％

40,00040,000

14.1％

23.7％

33.0％

31.7％

2020.32021.32022.32023.32024.32025.3（est.）

Net Sales（￥ million）

74,26863,56881,603

97,404

101,355

101,500

Operating Income（￥ million）

2,504

2,082

3,020

3,919

3,736

3,370

Ratio of Operating Income to Net Sales（％）

（3.4）

（3.3）

（3.7）

（4.0）

（3.7）

（3.3）

Ordinary Income

2,584

2,195

3,168

4,041

3,915

3,550

Ratio of Ordinary Income to Net Sales（％）

（3.5）

（3.5）

（3.9）

（4.1）

（3.9）

（3.5）

Net Income

1,631

1,344

2,092

2,738

2,501

2,510

（2.2）

（2.1）

（2.6）

（2.8）

（2.5）

（2.5）

110.8791.38

137.00171.56

156.60156.87

14,714

14,714

15,276

15,96015,97516,000（￥ million）

30.8％（￥ million）

23.7％
Ratio of Net Income to Net Sales （％）

20,00020,00002020.32021.32022.32023.32024.302025.3（est.）

Operating Income &Ratio of Operating Income to Net Sales
Operating Income

2,000

2021.3

43.0％

44.9％

41.2％

Net Income Per Share

3,370

2023.32024.3（thousand shares）

2025.3*1. The above figures have been rounded down to the nearest million yen. *2. Net income per share is calculated by dividing net income by the average number of shares during the year (excluding treasury stock).

（est.）
Semiconductors and Devices
Information and Communications Equipment

2020.3

4,041

3,915
3,550

3,168

3,000

2,584

2,504
2,082
3.4

3.3

Change in Performance by Segment¥ million/%

Ratio of Ordinary Income to Net Sales

3,500

3,020

4.0
3.7

3.7

3.3

5.00

2,500

4.00

2,000

5.00

2,195
3.5

4.1

3.5

3.9

3.9

4.00

3.5

3.00

3.00

1,500

1,000

2.00

1,000

2.00

500

1.00

500

1.00

1,500

0

2020.32021.32022.32023.32024.32025.300（est.）Net Income¥ million（￥ million）

Average Number of Shares During the Term

2022.3

4,000

3,736

41.7％
〈Value After Split〉

Ordinary Income &Ratio of Ordinary Income to Net Sales¥ million/%

3,500

2,500

2020.3

Ordinary Income

3,919

3,000

46.2％

Industrial Equipment and Systems
Social Infrastructure

Ratio of Operating Income to Net Sales

4,000

42.0％

2020.32021.32022.32023.32024.3

Sales

2021.3

Change from
Previous Year

Sales

2,510

2,092

Industrial Equipment andSystems

31,205 △19.8 29,343

Semiconductors andDevices

17,590FA and Device Business

48,796 △14.9 44,425

Social Infrastructure

17,035

Information andCommunications Equipment

8,436

Social & Information andCommunications Business

25,471

Total

74,268 △10.9 63,568 △14.4 81,603 +28.4 97,404 +19.4 101,355（%）（￥ million）

1,631
1,500

¥

110.872022.32023.32024.32025.3（est.）

9（￥ million）

（%）

Sales

（￥ million）

Change from
Previous Year
（%）

△3.7

32,200 △3.8

△1.8

74,500 △1.0

△9.0 61,751 +39.0 76,655 +24.1 75,285+0.3 11,993 △29.6 12,410+3.5 13,701 +10.4 18,034 +31.6 18,900

△6.7

+4.1

7,148 △15.3

7,440△2.1 19,142 △24.8 19,851

7,047+3.7 20,748

+4.8

8,100

+0.8

+4.5 26,069 +25.6 27,000+3.6+4.1 101,500

+0.1

△5.3

8,035 +14.0+1.2* The above figures have been rounded down to the nearest million yen.

Distribution of Sales by Region0%

Distribution of Industry for Top 50 Customer Companies%

2024.3

Construction 1.1％

Kyushu1.9％

25
2021.3（%）△4.8 15,082 △14.3 25,102 +66.4 34,757 +38.5 33,477

2020.32021.32022.32023.32024.32025.3

Other 1.8％

General Trading
6.0％

Precise
11.2％

91.38
91
9
38

50

2020.3（￥ million）

42,300Overseas 19.8％

75

0

（%）

△0.2

Other regionsin Japan 1.0％

1,344
1
344

500

（￥ million）△6.0 36,649 +24.9 41,898 +14.3 41,807

156.87137.00

100

1,000

（%）

171.56

150
125

2,000

Sales

（￥ million）

2025.3（est.）

Change from
Previous Year02025.3Net Income Per Share

156.60
2,501

2,500

Sales

2024.3

Change from
Previous Year（est.）

175

2,738

Sales

2023.3

Change from
Previous Year

Segment Classification

2024.33,000

2022.3

Change from
Previous Year

Tokai andHokuriku
6.0％
Kanto andKoshinetsu
7.3％

Kyoto and
Shiga
42.5％

Osaka andother Kinki
21.4％

Electric andElectronics
41.9％

Medicalrelation
14.8％
Transportation
andMachinery23.3％（est.）

10

M a j o r M a n a g e r i a l I n d e x e s（ C o n s o l i d a t e d ）Profitability Indexes

Efficiency and Safety Indexes

Return on Equity（ROE）

%

10.00

Return on Assets（ROA）

%

8.0

7.00
6.00
5.00

3.50

12.0

5.00

3.00

10.0

4.00

6.7

2.50

3.9

3.9

3.7

2.00

5.9

3.00

2.9

4.6

2.00

2022.32023.32020.32021.32022.32023.302024.3

7.9

6.0

1.57

4.8

4.0

3.4

3.4
2.7

2.0

0.50

0

2024.3

1.58

1.50
1.37

1.00

2021.3

1.69

1.00

1.00
2020.3

%

8.0

1.50

2.00

3.00

0

Total Capital to Debt Ratio

4.4

6.6

4.00

times

6.00

9.00
8.00

Total Asset Turnover2020.32021.32022.32023.302024.32020.32021.32022.32023.32024.32020.32021.32022.32023.32024.3（times）

1.69

1.37

1.50

1.58

1.57

Interest Bearing Debt（¥ million）

1,476

1,695

2,865

5,087

1,731

Total Capital to Debt Ratio（％）

3.4

3.4

4.8

7.9

2.7

2020.32021.32022.32023.32024.3Return on Equity〈ROE〉（％）

5.9

4.6

6.6

8.0

6.7

Total Asset Turnover

Return on Assets〈ROA〉
（％）

3.7

2.9

3.9

4.4

3.9

*1. “Interest bearing debt” is shown rounded down to the nearest million yen.
*2. Total capital to debt ratio = interest-bearing debt / ((total assets at term-start + total assets at term-end) / 2 x 100)

Asset Related Indexes

Investment Value Indexes

Total Assets & Net Assets
Total Assets¥ million¥

64,0762,400.00

65,1322,000.00

43,60040,000（64.6％）

35,60833,17829,93028,166

1,914.16

Dividend Payout Ratio%（60.7％）（56.1％）

39,0811,600.00（60.0％）

1,400.00（55.6％）

50.0

62.0

2,034.04 2,078.17

50.0

48.0

56.0

39.6

38.0
32.6

30.0

38.0
30.0

1,000.00
800.0020.0

20.0

600.0010.0

400.0010,000

52.0

41.6

40.0

40.0

1,200.00

20,00043.3

60.0

1,800.00

49,31750,000¥70.02,230.29

2,200.00

59,15060,000

Dividends Per Share

2,443.80

70,00030,000Net Assets Per Share

Net Assets

10.0

200.0002020.32021.32022.32023.302024.32020.32021.32022.32023.32024.302020.32021.32022.32023.302024.32020.32021.32022.32023.32024.3

Note: The equity ratio is shown in parentheses.

2020.32021.32022.32023.32024.32020.32021.32022.32023.32024.3

Total Assets（￥ million）

43,60049,31759,15064,076

65,132

Dividends Per Share〈Value After Split〉

（￥）

48.0

38.0

52.0

56.0

62.0

Net Assets（￥ million）

28,16629,93033,17835,60839,081

Total Value of Dividends（￥ million）

706

559

797

893

991

Capital Adequacy Ratio （％）

64.6

60.7

56.1

55.6

60.0

Dividend Payout Ratio

（%）

43.3

41.6

38.0

32.6

39.6

Price Book-Value Ratio （times）
〈PBR〉

0.69

0.74

0.69

0.78

0.83

Dividend on Equity Ratio
（%）
〈DOE〉

2.6

2.0

2.7

2.8

2.9

Net Assets Per Share（￥）

1,914.16

2,034.04

2,078.17*1. The above figures have been rounded down to the nearest million yen.
*2. Net assets per share is calculated by dividing net assets by the average number of shares during the year (excluding treasury stock).

2,230.29

2,443.80*1. “Total Value of Dividends” is shown rounded down to the nearest million yen.
*2. Dividend on equity ratio (DOE) = Total dividends / Shareholders’ equity

1112

Consolidated Financial Statements

Consolidated Balance Sheets¥ million

FY2021

As of Mar. 31, 2022
AmountComposition

FY2022As of Mar. 31, 2023
AmountComposition

Consolidated Balance Sheets

FY2023

FY2021

As of Mar. 31, 2024
AmountAs of Mar. 31, 2022

Composition

AmountAssetsLiabilities

Current assets

Current liabilities

Cash and deposits

Notes and accounts payable - tradeComposition

1,082

1,508

2 ,2 9 0

Short-term borrowings

2,765

4,837

1 ,6 3 1

100

-

100

Accounts payable-other

1,239

1,237

1 ,3 1 7

11, 517

Income taxes payable

771

926

963

44

62

Provision for bonuses

770

843

829

1, 6772, 235

1, 697

Other

499

711

1 ,3 1 6

△ 104

△ 104

△ 172

23, 789

21, 90124, 898

Electronically recorded monetary claims - operating

5, 135

6, 6694, 79710--

8, 461

13, 591

20

Other
Allowance for doubtful accounts

Current portion of long-term borrowings

Total current liabilities

24,38941.2%

26,85341.9%

2 4 ,3 1 9

76.1%

50, 83279.3%

51, 029

78.3%
Long-term borrowings
Long-term accounts payable - other

Property, plant and equipment

Deferred tax liabilities

-

250

-

112

49

49

1,146

959

1 ,4 1 1

Buildings and structures, net

1, 9281, 912

1, 883

Deferred tax liabilities for land revaluation

5

5

5

Land

2, 1052, 1052, 105

Provision for retirement benefits for directors (and other officers)

35

40

37

-

129

11

Retirement benefit liability

210

235

66

Asset retirement obligations
141

139

233

25

26

27

Other

46

46

132

Construction in progress
Other, net
Total property, plant and equipment

4, 175

7.1%

4, 286

6.7%

4, 234

6.5%

Intangible assets
SoftwareTotal non-current liabilities
Total liabilities

87

81

64

5

-

-

Goodwill

1, 4691, 076744

Customer related assets

1, 111

936

760

20

20

20

Software in progress

Total intangible assets

2, 693

4.6%

2, 114

3.3%

1, 589

2.7%

1,613

2.5%

1 ,7 3 0

2.7%

25,97243.9%

28,46744.4%

2 6 ,0 5 0

40.0%

Shareholders’ equity
Share capital

3,384

3,384

3 ,4 0 6

Capital surplus

4,058

4,058

4 ,0 8 0

23,73325,625

2 7 ,2 0 1

△0

△0

△0

Treasury shares
2.4%

Investments and other assets

Total shareholders’ equity

31,17652.7%

33,06951.6%

3 4 ,6 8 7

53.3%

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

Investment securities

5, 7775, 3997, 156

Deferred tax assets

192

210

201

1, 287

1, 242939

Allowance for doubtful accounts

△ 12

△9

△ 16

Total investments and other assets

7, 245

12.2%

6, 843

10.7%

8, 27912.7%

Non-controlling interests

Total non-current assets

1 4, 114

23.9%

13, 243

20.7%

14, 102

21.7%

Total assets

5 9, 150

100.0%

64, 076

100.0%

65, 132

100.0%

Other

1,583

Net Assets

Retained earnings
Other

37.3%

Non-current liabilities
4 5, 035

Non-current assets

13

AmountElectronically recorded obligations - operating

Notes and accounts receivable - trade, and contract assets

Total current assets

Composition

1 5 ,8 7 0

8, 227Work in process

AmountFY2023As of Mar. 31, 2024

16,787

6, 494Merchandise

Composition

FY2022As of Mar. 31, 2023

17,1606, 044

Securities¥ million

2,661

2,382

3 ,5 9 0△1,140△1,140△ 1 ,1 4 0

Foreign currency translation adjustments

343

1,198

1 ,7 2 6

Remeasurements of defined benefit plans

125

85

199

Total accumulated other comprehensive income

1,990

3.4%

2,526

3.9%

4 ,3 7 6

6.7%

10

0.02%

13

0.02%

17

0.03%

Total net assets

33,17856.1%

35,60855.6%

3 9 ,0 8 1

60.0%

Total liabilities and net assets

59,150100.0%

64,076100.0%

6 5 ,1 3 2

100.0%

Revaluation reserve for land14

Consolidated Financial Statements

Consolidated Statements of Income¥ million

FY2021

Apr. 1, 2021 - Mar. 31, 2022
AmountFY2022

Apr. 1, 2022 - Mar. 31, 2023

FY2023Composition

AmountComposition

AmountNet sales

100.0％

97, 404

100.0％

101, 355

100.0％

Cost of sales

69, 449

85.1％

83, 59185.8％

87, 246

86.1％

14.9％

13, 81214.2％

14, 108

Selling, general and administrative expenses
Operating profit
Total non-operating income

Composition

13.9％

9, 133

11.2％

9, 893

10.2％

10, 371

10.2％

3, 0203.7％

3, 9194.0％

3, 736

3.7％

230

0.3％

259

0.3％

401

Interest income

6

7

12

Dividend income

88

110

139

Purchases discounts

13

16

14

0.4％

Depreciation
Impairment losses

Surrender value of insurance policies
Other
Total non-operating expenses
Interest expenses

60

5

△3

Increase (decrease) in provision for bonuses

92

72

△14

Increase (decrease) in allowance for doubtful accounts

32

△1

69

Increase (decrease) in retirement benefit liability

△35

△34

△5

Interest and dividend income

△95

△118

△152

14

61

84

-

-

△7

△11

△16

△3

84

17

-

-

Rental costs

26

24

24

Provision of allowance for doubtful accounts

19

-

105

Foreign exchange losses

-

39

-

Other

4

10

7

Total extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary losses

△0

1

6

Decrease (increase) in trade receivables△2,329

1,076

△743

△2,772△4,783

2 ,2 9 5△299

Increase (decrease) in trade payables

Share issuance costs

Ordinary profit

Loss (gain) on sale and retirement of non-current assets

93

61

3,346

△265

Increase (decrease) in accounts payable - other△1,789△16

76

Increase (decrease) in accrued consumption taxes

-

△52

679

Other, net

△259

△380

765

Subtotal

55

470

7 ,4 9 7Interest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities

Proceeds from redemption of securities

3.9％

4, 041

4.1％

3, 915

3.9％

14

0.02％

21

0.02％

12

0.01％

8

5

11

3

16

2

Loss on sale and retirement of non-current assets

2

6

15

Impairment losses

-

-

27

3, 180

Income taxes-current

1, 142

3.9％

4, 056

4.2％

3, 886

Income taxes-deferred

△ 57

△ 64

1, 085

Profit2, 095

Profit attributable to non-controlling interests
Profit attributable to owners of parent

1.3％

1.4％

2, 741

2
2, 092

1, 315

2.6％

2, 738

6 ,0 8 3-

Proceeds from sale of property, plant and equipment

37

5

60

Purchase of intangible assets

△70

△18

△7

△149

△25

△24

Proceeds from sale of investment securities

106

18

6

Purchase of shares of subsidiaries resulting in change in scope of consolidation△3,490

-

-

24

10

△9

△3,809

△191

△84

937

1,900

△ 3 ,2 9 8Purchase of investment securities

3.8％

Proceeds from long-term borrowings

-

250

-

Repayments of long-term borrowings

-

△100

△150

1,660

-

-

118

-

-

△662

△845

△926

Proceeds from sale of treasury shares△ 119

Dividends paid

2, 501△716

Cash flows from financing activities

1.4％

4
2.8％

△890

△109

Net cash provided by (used in) investing activities

2, 5063△ 1 ,4 8 2-

1, 4981, 379△1,247△182

Other, net
Total income taxes△1,02826

Proceeds from issuance of shares
1, 379

152
△83

△293

Net increase (decrease) in short-term borrowings

Profit before income taxes

122
△62

Purchase of property, plant and equipment

Other, net

42

6

96
△13

Cash flows from investing activities

3, 168

2

473

△2

69

14

3 ,8 8 6471

Increase (decrease) in provision for retirement benefits for directors (and other officers)

Loss (gain) on sale of investment securities

0.2％

4,056

387

27

61

222

3,180

361

Decrease (increase) in inventories

0.1％

Amount-88

136

Amount

393

-

0.1％

Amount--82

Apr. 1, 2023 - Mar. 31, 2024

298

Interest expenses

52

54

FY2023Apr. 1, 2022 - Mar. 31, 2023

Amortization of goodwill

Foreign exchange losses (gains)

Rent income

FY2022

Apr. 1, 2021 - Mar. 31, 2022

Cash flows from operating activities
Profit before income taxes

12, 153¥ million

FY2021

Apr. 1, 2023 - Mar. 31, 2024

81, 603

Gross profit

Consolidated Statements of Cash Flows

2.5％

-

△0

△48

2,054

1,204

△ 4 ,4 2 2Effect of exchange rate change on cash and cash equivalents

△77

153

137

Net increase (decrease) in cash and cash equivalents△2,722449

1 ,7 1 3

Cash and cash equivalents at beginning of period

8,615

5,892

6 ,3 4 2

Cash and cash equivalents at end of period

5,892

6,342

8 ,0 5 5

Net cash provided by (used in) financing activities

Note: Total valuation and translation was ¥ 2,118 million in fiscal 2021, ¥ 3,276 million in fiscal 2022, and ¥ 4,356 million in fiscal 2023.

15

16

H i s t o r y・C o r p o r a t e D a t a

Corporate Data

Corporate History
M o n th / Y e a r
A p r. 1 9 2 6May.

Description

Establishes Kusasa Shougyou Co., Ltd. in Kita-ku, Osaka for the manufacture and sale of raw materials for electric machineryand appliances.
Concludes dealer agreement with Osaka Branch of Mitsubishi Corp. and Mitsubishi Electric Corp. for the sale of products in the
Kyoto area, and establishes Kyoto Sub-Branch in Kamigyo-ku, Kyoto.

Feb. 1 9 3 0

Moves Head Office to Shimogyo-ku, Kyoto and merges Kyoto Sub-Branch with Head Office.

Mar. 1 9 3 1

Changes corporate name to Takebishi Denki Shokai Co., Ltd.

Nov. 1 9 4 3Changes corporate name to Takebishi Electric Co., Ltd.

Aug. 1 9 4 4Concludes exclusive agency agreement (currently agency agreement) with Mitsubishi Electric Corp.

Jun. 1 9 5 8

Establishes Fukuchiyama Sub-Branch in Fukuchiyama, Kyoto (currently Kihoku Branch).

Feb. 1 9 5 9Establishes Shiga Sales Office in Omihachiman, Shiga Prefecture (currently Shiga Branch in Hikone, Shiga Prefecture).

Nov. 1 9 6 1Concludes exclusive agency agreement with OMRON Corporation.

Nov. 1 9 6 3Transfers Head office to new building in Ukyo-ku, Kyoto.

Jun. 1 9 6 9Establishes Osaka Sales Office in Minami-ku, Osaka (currently Osaka Branch in Kita-ku, Osaka).

OutlineDirectors, Auditor, and Executive Officers:

Company Name: TAKEBISHICORPORATION

Director & Chairman

Isamu Ogura

Representative Director & President

Hiroshi Okagaki

Head Office:Director & Senior Managing Executive Officer

Kazuhiko Sakaguchi

Director & Managing Executive Officer

Takeshi Ohi

Director（Outside）

Sou Ikeda

Director（Outside）

Hiromi Uemura

Director（Outside）

Michihiro Nishikado

29, Mameda-cho,Nishi-kyogoku, Ukyo-ku,
Kyoto

Established: April 24, 1926
Purposes:

1.Sales of the following products, and designand contracts for related engineering work:
FA devices, industrial equipment
Semiconductors, devices and embedded devices
Air conditioners and refrigeration equipment, residential equipment
and lighting fixtures, elevators and escalators, power generationequipment, generators, power transmission and distribution equipment,water management plant systems, Electronic medical equipment
Communications and equipment, image processing equipment,
information and communication equipment

J u l . 1970

Establishes Hikone Sub-Branch in Hikone, Shiga Prefecture (currently Shiga Branch).

Capital:¥3,406 million

Aug.

Establishes Kokura Sub-Branch in Kokura-ku, Kitakyushu (currently Kyushu Branch in Hakata-ku, Fukuoka).

Shares:Number of shares authorized: 28,280,000 sharesA p r. 1 9 8 3

Establishes Ritto Sales Office of Shiga Branch in Ritto, Shiga Prefecture (currently Ritto Branch).

Number of shares issued

Establishes Inuyama Sales Office in Inuyama, Aichi Prefecture (currently Nagoya Branch in Nakamura-ku, Nagoya).

Fiscal Year End: March 31 (once a year)

Feb. 1 9 8 4

Establishes Tokyo Sales Office in Chiyoda-ku, Tokyo (currently Tokyo Branch).

Employees:

J u l . 1991

Transfers Head office to a new building in Ukyo-ku, Kyoto (current address).

A p r. 1 9 9 2

Establishes Takebishi Kosan Co., Ltd. (a wholly-owned consolidated subsidiary).

*Total workforce includes temporary staff. (as of March 31, 2024)

Main Banks:Jan. 1 9 9 9Invests in Shinwa Kogyo Co., Ltd. through allocation of new shares to a third party (currently TS Engineering Co., Ltd.,a wholly-owned consolidated subsidiary).

A p r.

Invests in Fujitelecoms Co., Ltd. (a wholly-owned consolidated subsidiary).

Aug. 2 0 0 1

Acquires ISO 14001 certification (BVJC), an international standard for environmental management.

Sep. 2 0 0 3

Acquires ISO 9001 certification (BVJC), an international standard for quality management systems.

Nov. 2 0 0 5

Conducts a 1:2 stock split and changes number of shares per unit (from 1,000 shares to 100 shares).

Feb. 2 0 0 6

Establishes Takebishi Electric Sales Shanghai Limited in Shanghai, China (a consolidated subsidiary; wholly-owned by
Takebishi Electric Sales Hong Kong Limited).

A p r.

Merges mobile phone business into Fujitelecoms Co., Ltd. (a wholly-owned consolidated subsidiary).

Jun.

Introduces executive officer system.

Oct.

Changes corporate name to Takebishi Corporation.

Senior Executive Officer

Koji Yoshimura

Senior Executive Officer

Yoshinori Iwate

Senior Executive Officer

Akihisa Takimoto

Executive Officer

Hiroaki Tamura

Executive Officer

Kazuta Kohmura

Executive Officer

Norihiro Takemoto

Major Customers:: 15,986,000 shares

Employees Consolidated: 813 Non-consolidated: 415
Total workforce Consolidated: 892 Non-consolidated: 451
MUFG Bank, Ltd.
The Bank of Kyoto, Ltd.
Mitsubishi UFJ Trust and Banking Corporation
The Shiga Bank, Ltd.
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
The Kyoto Chuo Shinkin Bank
The Kyoto Shinkin Bank

Establishes Takebishi Electric Sales Hong Kong Limited (a wholly-owned consolidated subsidiary).
Shares listed on Second Section of Osaka Securities Exchange (currently Tokyo Stock Exchange) and Kyoto Stock Exchange).

Director & Member of Audit and Supervisory Committee（Outside） Yoshinori Yamada

Information systems and factory automation systems
Microcomputers and ASICs (Application Specific Integrated Circuits)

Establishes Takebishi Technos Corporation (currently TS Engineering Co., Ltd., a wholly-owned consolidated subsidiary).

Sep.

Director & Member of Audit and Supervisory Committee（Outside） Shigeyuki Kawamoto

2.Sales, systems design and software development:

Aug.

May. 1 9 9 6

Director & Member of Audit and Supervisory Committee（Full-Time) Yasuji Ohnishi

Certifications: ISO14001 (acquired in August 2001 from BVJC)
ISO9001 (acquired in September 2003 from BVJC)
ISO27001 (acquired in January 2012 from BVJC)SCREEN Holdings Co., Ltd.

OMRON Corporation

Murata Machinery, Ltd.

KYOCERA Corporation

Ishida Co., Ltd.

IBIDEN CO., LTD.

Kyoto Seisakusho Co., Ltd.

GS Yuasa Corporation

SHIMADZU CORPORATION

Nissin Electric Co., Ltd.

NIDEC CORPORATION

Panasonic Corporation

Panasonic Connect Co., Ltd.

HORIBA, Ltd.

Mitsubishi Electric Corporation

Murata Manufacturing Co., Ltd.

ROHM Co., Ltd.

Canon Machinery Inc.

Sumitomo Electric Industries, Ltd.

MITSUBISHI MOTORS CORPORATION

Mitsubishi Heavy Industries, Ltd.

The Kansai Electric Power Co., Inc.

Nippon Electric Glass Co., Ltd.

OBAYASHI CORPORATIONKINDEN CORPORATIONSHIMIZU CORPORATIONTAKENAKA CORPORATION

Government and other public offices

Network
O ffi c e s a nd Subsi di a ri e s

Issues new shares (public stock offering) and conducts stock offering (allocation of new shares to a third party by over allotment).

Feb. 2 0 0 7

Completes expansion of Head Office building in Ukyo-ku, Kyoto (current address).

Oct. 2 0 0 9

Establishes Kofu Sales Office of Tokyo Branch in Kofu, Yamanashi Prefecture.

A p r. 2 0 1 0

Merges Takebishi Technos Corporation with Shinwa Kogyo Co., Ltd. and establishes TS Engineering Co., Ltd.
(a wholly-owned consolidated subsidiary) and relocates business.

Head Office（Kyoto）

Jan. 2 0 1 2

Acquires ISO 27001 certification (BVJC), an international standard for information security management.

Kihoku Branch

Ritto Branch

J u l . 2013

Shares listed on Second Section of Tokyo Stock Exchange following merger of Osaka Securities Exchange and Tokyo Stock Exchange.

Osaka Branch

Shiga Branch

Jan. 2 0 1 4

Establishes TAKEBISHI (THAILAND) CO., LTD. in Bangkok, Thailand (a wholly-owned consolidated subsidiary).

Dec.

Shares listed on First Section of Tokyo Stock Exchange.

Jun. 2 0 1 7

Transition to a company with audit and supervisory committee.

Aug. 2 0 1 8

Establishes Takebishi Electric Sales Hong Kong Limited, Shenzhen Office in Shenzhen, China.

Oct. 2 0 1 9

Invests in First Brain Co., Ltd. (currently a consolidated subsidiary; wholly-owned by Fujitelecoms Co., Ltd.).

Mar. 2 0 2 0Transfers Tokyo Branch in Chiyoda-ku, Tokyo.

A p r.

Invests in Umezawa Musen Co., Ltd. (currently a wholly-owned consolidated subsidiary).

Jun. 2 0 2 1

Invests in Le Champ (South East Asia) Pte Ltd (headquartered in Singapore; currently a wholly owned consolidated subsidiary).

Oct.

Issues new shares (public stock offering) and conducts stock offering (allocation of new shares to a third party by over allotment).

A p r. 2 0 2 2Transition to the Prime Market from the First Section of Tokyo Stock Exchange due to the restructuring of the Tokyo Stock
Exchange’s market classification.
Establishes TAKEBISHI VIETNAM CO., LTD. in Ho Chi Minh City, Vietnam (a wholly-owned consolidated subsidiary).

17

Nagoya Branch

Takebishi
hi Electric Sales
ShanghaiSa Limited

China

Shenz
enzhen Office
TakebishiTa
ebElectric Sales
Hong Kong Limited

Kofu Sales Office
Tokyo Branch
Kyushu Branch

ThailandFirst Brain Co., Ltd.

TAKEBIISHI（THAILAND）CO., LTD.

Mobile phone base station design
and Installation negotiation

TAKEBISHI VIETNAM CO., LTD.
TA

Umezawa Musen Denki Co., Ltd.

Vietnam

Sale of semiconductors and electronic components,
design and sale of In-house products for industrial computers

Singapore

TS Engineering Co., Ltd.

Le Champ（South East Asia）Pte Ltd

Design, engineering work, and maintenance serviceof air-conditioning equipment

Fujitelecoms Co., Ltd.
Wholesale and sales of mobile phones, etc.

Takebishi Kosan Co., Ltd.
Warehousing, insurance agency18

I am using the vegetable oil ink
which considered environment.

Total Solutions That Create New Excitement and Surprises

Head Office: 29, Mameda-cho, Nishi-kyogoku, Ukyo-ku, Kyoto 615-8501, Japan
Phone: +81-75-325-2111 Fax: +81-75-325-2250

2024.Jul

Securities Code : 7510