Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

Summary of Results for the First Quarter of the Fiscal Year Ending March 2025
(Japanese Standards) (Consolidated Basis)
August 6, 2024
Name of listed company Takuma Co., Ltd.

Listed stock exchange

Listing code 6013
Representative

URL https://www.takuma.co.jp/english/
Hiroaki Nanjo

Contact for inquiries

President and Representative Director

Tokyo Stock Exchange

General Manager, Corporate Communications Hiroyuki Kobayashi& Investor Relations Department
Corporate Planning & Administration
Division

Planned dividend payment start date

None

Availability of supplementary quarterly results materials:

Yes

Quarterly results briefing:

None(E-mail)koho-ir@takuma.co.jp(All amounts rounded down to the nearest million yen)

1.

Consolidated results for Q1 FY2024 (April 1, 2024, to June 30, 2024)(Percentages indicate percent of change from thecorresponding quarter of the previous year.)(1) Consolidated results (cumulative)
Net sales

Operating profit

Millions of yen% Millions of yenQuarterly profit
attributable to ownersof parent

Ordinary profit% Millions of yen%

Millions of yen%

Q1 FY2024

32,3278.4

1,86963.6

2,23445.3

2,096123.8

Q1 FY2023

29,821(3.6)

1,142(47.9)

1,538 (39.4)

936(45.9)(Note) Comprehensive income:Q1 FY2024
Q1 FY2023

2,745million yen (up 0.6 %)2,728million yen (up 46.7 %)Basic earnings per share

Diluted earnings per share

YenYenQ1 FY2024

26.26―Q1 FY2023

11.71―(2) Consolidated financial position
Total assets
Q1 FY2024

Equity Q1 FY2024
FY2023

Capital adequacy ratio

Millions of yen
185,351

Millions of yen
110,629%59.3

191,180

111,000

57.7

FY2023(Reference)

Net assets

109,942million yen
110,341million yen

2.

Dividend status
Annual dividend
Q1

Q2

Q3

Q4

Total

Yen

Yen

Yen

Yen

Yen

FY2023―24.00―24.0048.00

FY2024

―
28.00

―

28.00

56.00

FY2024 (forecast)(Note) Revisions of the most recently announced dividend forecast: None3.

Consolidated earnings forecast for FY2024 (April 1, 2024, to March 31, 2025)(Percentages indicate percent of change from the previous year.)Net sales
Millions of yen

FY2024

Operating profit%

Millions of yen

143,000 (4.1)

11,200

Profit attributable toowners of parent

Ordinary profit

Basic earnings
per share% Millions of yen% Millions of yen

%

Yen

9.5

7.5

0.5

111.81

12,0008,800(Note) Revisions of the most recently announced earnings forecast: None
Meeting on May 14, 2024, the Board of Directors adopted resolutions concerning the acquisition and disposal of treasury stock. The net income per share
figure in the consolidated earnings forecast outlook for FY2024 takes into account the effect of those changes to treasury stock.

○ Attachments
1.
(1)
(2)
2.
(1)
(2)

Business results............................................................................................................................................ 2
Overview of results for the Q1 consolidated cumulative period of FY2024 ............................................... 2
Explanation concerning forward-looking statements such as consolidated earnings forecasts ................... 5
Quarterly Consolidated Financial Statements .............................................................................................. 6
Quarterly Consolidated Balance Sheet ........................................................................................................ 6
Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement ofComprehensive Income ............................................................................................................................... 83. Supplementary forecast materials ................................................................................................................ 10(1) Consolidated earnings forecast by segment ................................................................................................. 10(2) Consolidated capital investment, depreciation, and research and development expenses forecast ............. 104. Supplementary Materials ............................................................................................................................. 11
Domestic Environment and Energy Business Breakdown......................................................................... 11―1―

1. Business results
Forward-looking statements in the text reflect the judgment of management as of the last day of the quarterly
consolidated accounting period under review.

(1) Overview of results for the Q1 consolidated cumulative period of FY2024(Unit: Millions of yen)

Q1 consolidated cumulative period of FY2024
Segment

Ordersreceived

Net sales

OperatingprofitBacklog

Change from the corresponding periodof FY 2023
Ordersreceived

Net sales

OperatingprofitDomestic Environment and Energy
Business

97,40625,4822,350

531,947

71,2391,456

794

Overseas Environment and Energy
Business

628

483

(39)

6,013

(125)

58

(7)

Package Boiler Business

5,983

3,782

84

8,315(45)231

59Equipment and Systems Business

3,059

2,672

134

10,9981,358758

(58)

Total

107,078

32,4202,529

557,275

72,428

2,505

787

(99)

(93)

(660)

(10)

30

(60)

106,979

32,3271,869

557,265

72,431

2,505

726

Adjustments
Total

During the Q1 consolidated cumulative period of FY2024, orders received rose 72,431 million yen from thecorresponding quarter of FY2023 to 106,979 million yen due primarily to growth in the Domestic Environment andEnergy Business, while net sales rose 2,505 million yen to 32,327 million yen on growth in all segments.
Operating profit rose 726 million yen compared to the corresponding period of FY2023 to 1,869 million yen, while
ordinary profit rose 696 million yen to 2,234 million yen. Quarterly profit attributable to owners of parent rose 1,159
million yen to 2,096 million yen. These results were due primarily to an increase in profits in the Domestic
Environment and Energy Business as well as posting of gain on sales of investment securities.
A description of each segment’s results follows.

―2―

Domestic Environment and Energy Business
During the Q1 consolidated cumulative period of FY2024, orders received rose 71,239 million yen from thecorresponding period of FY2023* to 97,406 million yen thanks to orders for one DBO project (encompassingconstruction and operation) for a waste treatment plant and one primary equipment improvement project. Net salesrose 1,456 million yen to 25,482 million yen due primarily to changes in the project mix in the EPC business, while
operating profit rose 794 million yen to 2,350 million yen.
*Principal orders during the corresponding period of FY2023 included two new energy-plant construction projects.
＜Orders received and net sales (cumulative quarterly total)＞（Units：Billions of yen）

Orders received
Net sales

198.7
164.8

28.6 22.3

24.2 25.6

Q1

Q1

Q2
Q3
Q4
Cumulative Cumulative Cumulative

131.5
119.1
97.4

130.2
115.9

108.6

26.1 24.0

Q2
Q3
Q4
Cumulative Cumulative Cumulative

FY2021

Q1

109.4

25.4

Q2
Q3
Q4
Cumulative Cumulative Cumulative

FY2022Q1

FY2023

Q4Forecast
FY2024＜Orders received and net sales (by quarter)＞（Units：Billions of yen）

Orders received
Net sales

97.4
78.0
65.1

57.8

48.828.626.1

31.0

22.3

9.2
25.7 27.7

24.2 20.8
19.9
32.7 25.6 28.7 27.6

33.9

24.0

28.1

16.5
30.9 36.0

25.4

Q1Q2

Q4Q4

Q1

Q2Q3

Q1Q3
FY2021Q1Q2

Q3FY2022

FY2023―3―Q4

FY2024

Overseas Environment and Energy Business
During the Q1 consolidated cumulative period of FY2024, orders received, net sales, and operating loss totaled 628
million yen, 483 million yen, and 39 million yen, respectively, all on par with performance during the corresponding
period of the previous fiscal year, thanks to factors including continued booking of maintenance orders and progresson construction of previously ordered plants.
＜Orders received and net sales (cumulative quarterly total)＞（Units：Billions of yen）

Orders received
Net sales
5.9

5.0
4.0
2.2 2.4

2.0
1.3

1.0
0.2 0.1
Q1

0.7
0.4

0.2 0.2
Q2
Q3
Q4
Cumulative Cumulative Cumulative

Q1

FY2021Q2
Q3
Q4Cumulative Cumulative Cumulative

Q1

FY2022

0.6 0.4
Q2
Q3
Q4
Cumulative Cumulative Cumulative

Q1

FY2023

Q4Forecast
FY2024

Package Boiler Business
During the Q1 consolidated cumulative period of FY2024, orders received totaled 5,983 million yen, on par withperformance during the corresponding period of the previous fiscal year, thanks to a smooth, ongoing recovery indemand. Net sales climbed 231 million yen to 3,782 million yen, while operating profit rose 59 million yen to 84
million yen, reflecting factors including progress on previously ordered projects and completion of large projects.
＜Orders received and net sales (cumulative quarterly total)＞（Units：Billions of yen）

Orders receivedNet sales

Q1

6.0

5.3
3.3

5.0
3.1

Q2
Q3
Q4
Cumulative Cumulative Cumulative
FY2021

Q15.9
3.7

3.5

Q2
Q3
Q4
Cumulative Cumulative Cumulative

18.818.6

18.6 18.4

18.4
17.3

16.8 16.4

Q1

FY2022Q2
Q3
Q4Cumulative Cumulative Cumulative
FY2023―4―Q1

Q4Forecast
FY2024

Equipment and Systems Business
During the Q1 consolidated cumulative period of FY2024, orders received totaled 3,059 million yen, up 1,358 million
yen from the corresponding period of FY2023, thanks primarily to growth in the building equipment business. Inaddition, net sales rose 758 million yen from the corresponding period of the previous fiscal year to 2,672 million
yen on progress in the installation of previously ordered building equipment, while operating profit fell 58 million
yen to 134 million yen due to changes in the project mix.
＜Orders received and net sales (cumulative quarterly total)＞（Units：Billions of yen）

Orders received
Net sales

14.3

8.9 8.5

Q1

8.3

2.9
1.7

1.61.5Q2
Q3
Q4Cumulative Cumulative Cumulative
FY2021Q1

3.0 2.6

1.71.9Q2
Q3
Q4
Cumulative Cumulative Cumulative

10.5
9.0

9.4
8.4

Q1

FY2022Q2
Q3
Q4Cumulative Cumulative Cumulative
FY2023

Q1

Q4Forecast
FY2024(2) Explanation concerning forward-looking statements such as consolidated earnings forecasts
The Group expects to see continued demand for its principal products, including replacements and service life
extensions for aging waste treatment plants, and construction of biomass power plants, against a backdrop offavorable energy policies. However, uncertainty about the future continues, rising prices for steel and other materials
and equipment, and growing lead times.
With regard to the Group's FY2024 performance under these conditions has been no change in the consolidated fullyear performance outlook announced on May 14, 2024.
The Group manages its results exclusively on an annual basis because our results tend to fluctuate seasonally, forexample Q4 net sales significantly exceed those of other quarters. The reason is that many projects are delivered justbefore the end of the consolidated fiscal year, so progress and transfers of facilities to customers tend to increase as
Q4 progresses.
• Earnings forecasts and other forward-looking statements in this document are based on information currently
available to the Company and on certain assumptions that are deemed to be reasonable. They do not constitute a
commitment on the part of the Company to achieve any particular level of performance. Actual performance may
diverge significantly for a variety of reasons.

―5―2. Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheet(Unit: Millions of yen)
Q4 FY2023(March 31, 2024)

Q1 FY2024(June 30, 2024)

AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract assets

45,33778,97966,90942,529Inventories
Other

9,740
5,434

12,614
4,834

Allowance for doubtful accounts

(15)

(15)

139,477

126,872

Property, plant and equipment
Intangible assets

19,579900

19,273897

Investments and other assets
Investment securities

Total current assets
Non-current assets

24,56725,524

Other
Allowance for doubtful accounts

6,790
(135)

12,918(135)

Total investments and other assets

31,22238,307

Total non-current assets
Total assets―6―

51,70258,479191,180

185,351

(Unit: Millions of yen)
Q4 FY2023(March 31, 2024)

Q1 FY2024(June 30, 2024)

Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating

26,517
16,89624,15814,447

Short-term borrowings
Income taxes payable

753
2,301

726
875

Contract liabilities
Provision for bonuses

10,803
4,370

10,784
1,724

Provision for product warranties
Provision for loss on construction contracts

183
1,352

160
1,214

Other

5,022

8,336

Total current liabilities

68,20162,427263
11,178204
11,301

Non-current liabilities
Provision for retirement benefits for directors (and other officers)
Retirement benefit liability
Other535

788

11,97812,29480,17974,721

Share capital
Capital surplus

13,367
3,886

13,3673,886

Retained earnings
Treasury shares

86,960(3,827)

87,136(5,023)

Total shareholders’ equity

100,387

99,367

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

9,837
20

10,38347

Foreign currency translation adjustment
Remeasurements of defined benefit plans136(40)

175
(30)

Total accumulated other comprehensive income

9,953

10,575

Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity

Accumulated other comprehensive income

Non-controlling interests

658

686

Total net assets

111,000

110,629

Liabilities and net assets

191,180

185,351―7―

(2) Quarterly Consolidated Statement of Income and Quarterly Consolidated Statement ofComprehensive Income
Quarterly Consolidated Statement of Income
First quarterly consolidated cumulative accounting period (Q1)
(Unit: Millions of yen)
Q1 FY2023(April 1, 2023,to June 30, 2023)

Q1 FY2024(April 1, 2024,to June 30, 2024)

Net sales

29,82132,327

Cost of sales

24,202

25,747Gross profit

5,618

6,579

Selling, general and administrative expenses

4,475

4,710

Operating profit

1,142

1,869

5337

10379

Non-operating income
Interest income
Dividend income
Other

8629

Total non-operating income

429

419

Interest expenses
Share of loss of entities accounted for using equity method

021

0
29

Commitment fees
Other

75715

Non-operating expenses

Total non-operating expenses

3453

1,538

2,234

Gain on sale of investment securities-

707

Total extraordinary income

-707

159

-

Ordinary profit
Extraordinary income

Extraordinary losses
New factory construction expenses
Total extraordinary losses

159-

Quarterly profit before income taxes

1,378

2,942

Income taxes

419

832

Quarterly profit

958

2,109

Quarterly profit attributable to non-controlling interests

2213

Quarterly profit attributable to owners of parent

936

2,096

―8―

Quarterly Consolidated Statement of Comprehensive Income
First quarterly consolidated cumulative accounting period (Q1)
(Unit: Millions of yen)
Q1 FY2023(April 1, 2023,to June 30, 2023)
Quarterly profit
Other comprehensive income

Q1 FY2024(April 1, 2024,to June 30, 2024)
958

2,109

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

1,682
21545
27

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

54
1152
9

1,769

635

2,728

2,745

2,691

2,717

36

27

Total other comprehensive income
Quarterly comprehensive income
Comprehensive income attributable toQuarterly comprehensive income attributable to owners of parent
Quarterly comprehensive income attributable to non-controllinginterests―9―

3. Supplementary forecast materials(1) Consolidated earnings forecast by segment(Unit: Millions of yen)
FY2024 (forecast)
Segment
Orders received

Net sales

Backlog

Domestic Environment and Energy Business

198,700

109,400

549,323

Overseas Environment and Energy Business

4,000

5,000

4,868

Package Boiler Business

18,80018,6006,315

Equipment and Systems Business

9,000

10,5009,110

230,500

143,500

569,617

(500)

(500)

(4)

230,000

143,000

569,612

Total
Adjustments
Total(2) Consolidated capital investment, depreciation, and research and development expenses forecast(Unit: Millions of yen)
FY2023(actual)

FY2024(forecast)

ChangeCapital investment

3,527

1,600(1,927)

Depreciation

1,797

2,000

202

Research and development expenses

1,629

2,200570―10―

4. Supplementary Materials
Domestic Environment and Energy Business Breakdown(Unit: Billions of yen)
Q1 FY2024 (actual)

Orders received

Net sales

Backlog

42.8

9.3

146.8

48.8

7.5

286.8

Energy Plants

3.6

5.9

70.4

Water Treatment Plants, other

1.8

2.5

27.7

000

97.4

25.4

531.9Municipal Solid Waste Plants (EPC)
Municipal Solid Waste Plants (after sales servicebusiness)

Adjustments
Total―11―