Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Non-Consolidated Financial Results
for the Year Ended March 31, 2024
(Based on Japanese GAAP)
April 30, 2024
Company name:Takakita Co., Ltd.

Stock exchange listing: Tokyo, Nagoya
Stock code:
6325
URL

https://www.takakita-net.co.jp

Representative:

Representative Director and President
General Manager,Tatsuya Fujisawa

Inquiries:

Accounting Department,
Corporate Administration Division

Kazushi Kawabe

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

June 26, 2024
June 26, 2024

Scheduled date to commence dividend payments:
Preparation of supplementary material on financial results:

June 27, 2024
Yes

Holding of financial results meeting:

Yes

TEL

0595-63-3111(for institutional investors)(Amounts less than one million yen are rounded down)

1. Non-consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Non-consolidated operating results
Percentages indicate year-on-year changes
Net salesYear ended March 31, 2024
Year ended March 31, 2023

Millions of yen
8,482
7,730

Operating profit
%
9.7
10.0

Millions of yen
972
609

Diluted earnings pershare
Yen
Yen
62.45
61.67
42.34
41.88

Earnings per share
Year ended March 31, 2024
Year ended March 31, 2023

Ordinary profit
%
59.7
15.0

Millions of yen
1,030
673

Profit/equity

Profit%53.0
13.5

Millions of yen
692
476

%
45.5
19.0

Ordinary profit/total Operating profit/net
assetssales%%%
9.4
10.7
11.5
6.9
7.6
7.9

(2) Non-consolidated financial position
Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Millions of yen
10,2309,113Millions of yen
7,849
7,052

Cash flows fromoperating activities
Millions of yen
576
(15)

Cash flows frominvesting activities
Millions of yen
(60)
(85)

Net assets per share%
76.1
76.7

Yen
701.80630.46(3) Non-consolidated cash flows

Year ended March 31, 2024
Year ended March 31, 2023

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(157)
1,136(325)778

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(Forecast)

Total

Total cash
dividends (Total)

Dividend payout
ratio (Nonconsolidated)

Ratio of dividends
to net assets (Nonconsolidated)

Yen

Yen

Yen

Yen

Yen

Millions of yen

%%

––

5.00
5.00

––

8.00
10.00

13.00
15.00

144
166

30.7
24.02.1
2.3

–

5.00

–

5.00

10.00

1

20.8

3. Forecast of non-consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
September 30, 2024
Full year

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Profit% Millions of yen

Earnings per share%Yen

4,337

1.1

372(28.3)

389(28.6)

264(29.1)

23.80

8,500

0.2

766(21.3)

782(24.1)

534(22.9)

48.14

4. Notes(1) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(2) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

14,000,000 shares As of March 31, 2023

14,000,000 shares

Number of treasury shares at the end of the period
As of March 31, 2024

2,906,218 shares As of March 31, 2023

2,906,217 shares

11,093,783 shares Year ended March 31, 2023

11,247,629 shares

Average number of shares during the period
Year ended March 31, 20242

Non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes receivable - trade
Electronically recorded monetary claims - operating
Accounts receivable - trade
Merchandise and finished goods
Work in process
Raw materials and supplies
Prepaid expenses
Accounts receivable - otherAdvance payments to suppliers
Other
Total current assets

As of March 31, 2024

778,284
77,025
1,467,208
1,383,642
809,477
184,583
417,600
11,393519,156
12,680917

1,136,022
55,338
1,846,467
1,335,059
999,975
176,743
405,058
17,667602,742
11,1101,149

5,661,969

6,587,336

Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation

2,002,792(1,046,271)

2,005,065(1,104,194)

Buildings, net

956,520

900,870

366,776(284,954)

368,017(298,531)

81,821

69,4852,412,270(2,173,329)

2,420,390(2,224,397)

238,940

195,993

88,849(85,669)

95,276(82,800)

3,179

12,475780,077(740,355)

771,798(737,189)

39,722

34,609559,638
72,567(17,822)559,638
72,567(31,431)54,744

41,135Structures
Accumulated depreciation
Structures, net
Machinery and equipment
Accumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress

1,878

40,085

1,936,444

1,854,294

Intangible assets
Software
Software in progress

164,915
11,844

117,537–

Total intangible assets

176,759

117,537

Total property, plant and equipment

3(Thousands of yen)
As of March 31, 2023
Investments and other assets
Investment securities
Investments in capital
Investments in capital of subsidiaries and associates
Long-term prepaid expenses
Guarantee deposits
Leasehold deposits
Investment property
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

4

As of March 31, 2024

929,9797,260
152,512
7,498
1,057
5,208
175,180
60,449(555)

1,278,321
7,260
152,512
6,128
1,059
4,799
175,180
46,127(555)

1,338,592

1,670,834

3,451,796

3,642,666

9,113,766

10,230,003

(Thousands of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes payable - trade
Electronically recorded obligations - operating
Accounts payable - trade
Short-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Accrued consumption taxes
Contract liabilities
Deposits received
Provision for product warranties
Provision for bonuses
Notes payable - facilities
Electronically recorded obligations-facilities
Lease liabilities
Total current liabilities
Non-current liabilities
Long-term guarantee deposits
Lease liabilities
Provision for retirement benefits
Provision for retirement benefits for directors (and otherofficers)
Deferred tax liabilities
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Total capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Total retained earnings

As of March 31, 2024

6,372
721,135
382,257
70,00054,425
176,730
115,550
53,234102,145
9,778–
128,716
1,052
15,95813,6086,267
1,034,286
274,289
70,000105,539
187,764
213,143
40,322
8,891
28,08534,780123,975
5,575
20,685
12,8831,850,968

2,166,491

11,08841,135
129,387

10,98828,252
21,101

4,100

4,100

24,546

149,169

210,258

213,6122,061,226

2,380,103

1,350,000

1,350,000

825,8776,319

825,877
6,319

832,196

832,196

204,500

204,500

4,500,000
553,673

4,800,000
802,274

5,258,173

5,806,774

Treasury shares(850,692)(850,692)

Total shareholders' equity

6,589,677

7,138,278

404,333
164

647,021271

404,497647,292

Valuation and translation adjustments
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Total valuation and translation adjustments
Share acquisition rights
Total net assets
Total liabilities and net assets

558,364

64,328

7,052,539

7,849,899

9,113,766

10,230,003

Non-consolidated statements of income(Thousands of yen)

Net sales
Net sales of finished goods

Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024

7,315,050

8,119,704

415,722363,249

7,730,772

8,482,953

46,582735,268

45,570763,906

Cost of purchased goods
Cost of products manufactured

350,975
5,019,105

294,364
5,587,595

Total

6,151,932

6,691,437

Ending merchandise inventory
Ending finished goods inventory

45,570763,906

41,907
958,067

Transfer to other accountTransfer from other account

3,784
18,86010,423
17,737

Net sales of goods
Total net sales
Cost of sales
Beginning merchandise inventory
Beginning finished goods inventory

Provision for product warranties–

34,7805,357,531

5,733,556

Gross profit

2,373,240

2,749,397

Selling, general and administrative expenses

1,764,186

1,776,501

609,054

972,895

Interest income
Dividend income

435,893

430,811

Rental income from real estate
Insurance claim income

23,252
43

22,9101,938Miscellaneous income
Other

8,621
1,455

7,026
220

Total non-operating income

69,271

62,911

228

213

67
4,394

425
4,762

308

13

Total cost of sales

Operating profit
Non-operating income

Non-operating expenses
Interest expenses
Donations
Rental costs on real estate
Other
Total non-operating expenses

4,998

5,415

673,327

1,030,392

Gain on sale of non-current assets

649

1,654

Total extraordinary income

649

1,654

40
211

8,422
–

Environmental expenses–

24,000Total extraordinary losses

252

32,422

Profit before income taxes

673,725

999,624

Income taxes - current
Income taxes - deferred

190,1967,306

287,882
18,921

Total income taxes

197,502306,804

Profit476,223

692,820

Ordinary profit
Extraordinary income

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

6Non-consolidated statements of changes in equity
Fiscal year ended March 31, 2023
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings

Other capitalsurplus

Sharecapital

Legalcapitalsurplus1,350,000

825,877

Other retained earnings

Profit fromDispositionof Treasury
SharesTotal capitalsurplusLegalretainedearnings

6,319

832,196

204,500

Total

Total
retainedearnings

Treasurysharesshareholders'(649,492)

6,427,592

Generalreserve

Retainedearnings
brought
forward4,200,000

490,3884,894,888

300,000(300,000)––

Dividends ofsurplus(112,937)(112,937)(112,937)

Profit476,223476,223476,223

Balance at beginningof period

equityChanges during
periodProvision ofgeneral reserve

Purchase oftreasury shares(201,200)(201,200)

Net changes in
items other thanshareholders'equityTotal changes during
periodBalance at end ofperiod

–

––––

300,000

63,285363,285(201,200)

162,085

1,350,000

825,877

6,319

832,196

204,500

4,500,000

553,673

5,258,173(850,692)

6,589,677

Valuation and translation adjustments

Balance at beginningof period

Valuationdifference on
available-forsale securities

Deferred
gains orlosses onhedgesTotalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets420,717625

421,342

50,6896,899,624

Changes during
periodProvision ofgeneral reserve–

Dividends ofsurplus(112,937)

Profit476,223

Purchase oftreasury shares(201,200)

Net changes in
items other thanshareholders'equity(16,383)(461)(16,844)

7,675(9,169)Total changes during
period(16,383)(461)(16,844)

7,675

152,915

Balance at end ofperiod

404,333

164

404,497

58,364

7,052,539

7

Fiscal year ended March 31, 2024
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings

Other capitalsurplus

Sharecapital

Legalcapitalsurplus1,350,000

825,877

Other retained earnings

Profit fromDispositionof Treasury
SharesTotal capitalsurplusLegalretainedearnings

6,319

832,196

204,500

Total

Total
retainedearnings

Treasurysharesshareholders'(850,692)

6,589,677

Generalreserve

Retainedearnings
brought
forward4,500,000

553,673

5,258,173

300,000(300,000)––

Dividends ofsurplus(144,219)(144,219)(144,219)

Profit692,820

692,820

692,820

Balance at beginningof period

equityChanges during
periodProvision ofgeneral reserve

Purchase oftreasury shares

(0)

(0)

Net changes in
items other thanshareholders'equityTotal changes during
periodBalance at end ofperiod

–––

–

–

300,000

248,601

548,601(0)548,600

1,350,000

825,877

6,319

832,196

204,500

4,800,000

802,274

5,806,774(850,692)

7,138,278

Valuation and translation adjustments

Balance at beginningof period

Valuationdifference on
available-forsale securities

Deferred
gains orlosses onhedgesTotalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets404,333

164

404,497

58,364

7,052,539

Changes during
periodProvision ofgeneral reserve–

Dividends ofsurplus(144,219)

Profit692,820

Purchase oftreasury shares(0)

Net changes in
items other thanshareholders'equity242,687107

242,795

5,964

248,759

Total changes during
period242,687107

242,795

5,964

797,359

Balance at end ofperiod

647,021271

647,292

64,328

7,849,899

8

Non-consolidated statements of cash flows(Thousands of yen)
Fiscal year ended

Fiscal year ended

March 31, 2023

March 31, 2024

Cash flows from operating activities
Profit before income taxes

673,725

999,624

Depreciation
Share-based payment expenses

269,790
7,675

246,023
5,964

Increase (decrease) in provision for retirement benefits
Increase (decrease) in provision for product warranties(46,535)–(108,286)
34,780

Increase (decrease) in provision for bonuses
Interest and dividend income

14,771(35,897)(4,741)(30,815)Interest expenses
Loss on abandonment of non-current assets

228
40213
8,422

Loss (gain) on sale of non-current assets
Decrease (increase) in trade receivables(649)(835,098)(1,654)(466,048)

Decrease (increase) in inventories
Increase (decrease) in trade payables(168,759)
237,525(170,116)
206,648

Increase (decrease) in accrued consumption taxes
Other, net

39,3693,671(12,912)32,162

Subtotal

159,854739,263Interest and dividends received
Interest paid

50,261(227)

30,815(224)

Income taxes paid

(225,145)(193,570)

Net cash provided by (used in) operating activities(15,257)

576,284

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment(79,314)650(64,424)
1,654

Purchase of intangible assets
Proceeds from rental of investment property(24,690)
23,252(15,143)
22,910Proceeds from collection of loans receivable
Proceeds from sale of investment securities

111596––

Cash flows from investing activities

Other, net(5,624)(5,702)

Net cash provided by (used in) investing activities(85,019)(60,706)

Purchase of treasury shares
Dividends paid

(201,456)(113,382)(0)(144,231)

Repayments of lease liabilities(11,039)(13,608)

Net cash provided by (used in) financing activities

Cash flows from financing activities(325,877)(157,840)

Net increase (decrease) in cash and cash equivalents(426,155)

357,738

Cash and cash equivalents at beginning of period

1,204,439

778,284

778,284

1,136,022

Cash and cash equivalents at end of period9