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, 2021
(Based on Japanese GAAP)
April 28, 2021
Company name:Takakita Co., Ltd.

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

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

Representative Director and President
Division Manager,

Corporate Administration DivisionScheduled date of ordinary general meeting of shareholders:

Mitsuo Matsumoto
Atsushi Nakabou

TEL0595-63-3111

June 21, 2021

Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:

June 21, 2021
June 22, 2021

Preparation of supplementary material on financial results:
Holding of financial results meeting:

Yes
Yes

(for institutional investors)(Amounts less than one million yen are rounded down)
1. Non-consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)(1) Non-consolidated operating results

Percentages indicate year-on-year changes
Net salesYear ended March 31, 2021
Year ended March 31, 2020

Millions of yen
6,503
6,432

Operating profit% Millions of yen
1.1399(10.0)
378

Diluted earnings pershare
Yen
Yen
27.96
27.74
22.78
22.61

Earnings per share
Year ended March 31, 2021
Year ended March 31, 2020

Ordinary profit% Millions of yen
5.5
455(40.1)
420
Profit/equity

Profit% Millions of yen
8.2
322(38.4)
262%
22.9(39.2)

Ordinary profit/total Operating profit/net
assetssales%%%5.1
5.7
6.1
4.3
5.2
5.9

(2) Non-consolidated financial position
Total assets
As of March 31, 2021
As of March 31, 2020

Net assets

Equity ratio

Millions of yen
8,164
7,697

Millions of yen
6,631
6,217

Cash flows fromoperating activities
Millions of yen
399
534

Cash flows frominvesting activities
Millions of yen
(272)
(284)

Net assets per share%
80.7
80.2

Yen
570.33535.54(3) Non-consolidated cash flows

Year ended March 31, 2021
Year ended March 31, 2020

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen
(117)
861
(274)
851

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

Year ended March 31, 2020
Year ended March 31, 2021
Year ending March 31, 2022
(Forecast)

Dividend payout Ratio of dividends
Total cashratio
to net assets
dividends (Total) (Non-consolidated)(Non-consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%

%

––

5.00
5.00

––

5.00
5.00

10.00
10.00

115
115

43.9
35.8

1.9
1.8

–5.00

–5.00

10.00

139.8

3. Forecast of non-consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Net sales
Millions of yen
Six months ending
September 30, 2021
Full year

Operating profit% Millions of yen

Ordinary profit% Millions of yen

Profit% Millions of yen

Earnings per share%Yen

4,000

26.5

360

133.1

375

120.4

240

116.5

20.78

6,800

4.6

400

0.0

435

(4.5)

290(10.2)

25.11

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, 2021

14,000,000 shares As of March 31, 2020

14,000,000 shares

Number of treasury shares at the end of the periodAs of March 31, 2021

2,451,205 shares As of March 31, 2020

2,471,074 shares

11,542,711 shares Year ended March 31, 2020

11,528,926 shares

Average number of shares during the period
Year ended March 31, 2021

2

Non-consolidated financial statements
Non-consolidated balance sheets(Thousands of yen)
As of March 31, 2020

As of March 31, 2021

AssetsCurrent assets
Cash and deposits
Notes receivable - trade851,558
160,454861,659
96,602

Electronically recorded monetary claims - operating
Accounts receivable - trade556,240
846,490954,966
1,004,245

Merchandise and finished goods
Work in process

856,033
140,592

665,311
141,932

Raw materials and supplies
Prepaid expenses

355,145
9,995

290,211
11,422

Accounts receivable - otherAdvance payments to suppliers

488,53688

529,537
22,040737

766

4,265,872

4,578,696

1,858,221

1,978,226

Other
Total current assets
Non-current assets
Property, plant and equipment
Buildings
Accumulated depreciation(872,433)(929,353)

Buildings, net

985,787

1,048,873

Structures
Accumulated depreciation
Structures, net
Machinery and equipmentAccumulated depreciation
Machinery and equipment, net
VehiclesAccumulated depreciation
Vehicles, net

350,455

350,105(239,158)(254,274)

111,296

95,8302,471,280

2,400,426(2,021,849)(2,028,859)

449,430

371,566

94,86990,895(88,301)(86,862)

6,567

4,032

690,853734,700(637,982)(681,056)

52,87053,643

Land562,248

562,140

Construction in progress
Leased assets

15,124
4,448

3,300
3,207

2,187,775

2,142,594

Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, netTotal property, plant and equipment
Intangible assets
Software27,839111,818

Software in progress

107,165

33,620Total intangible assets

135,004

145,4383

(Thousands of yen)
As of March 31, 2020

As of March 31, 2021

Investments and other assets
Investment securities
Investments in capital

659,755
7,260

933,264
7,260

Investments in capital of subsidiaries and associates
Long-term prepaid expenses

152,512
4,875

152,512
12,579

Guarantee deposits
Leasehold deposits

992
5,890

992
5,757

Deferred tax assets
Investment property

93,655
175,180–
175,180

OtherAllowance for doubtful accounts

9,838(766)11,083(786)

Total investments and other assets

1,109,196

1,297,844

3,431,976

3,585,877

7,697,849

8,164,574

Total non-current assets
Total assets4

(Thousands of yen)
As of March 31, 2020
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
Advances received
Deposits received
Provision for bonuses
Notes payable - facilities
Electronically recorded obligations-facilities
Lease obligations
Other
Total current liabilities
Non-current liabilities
Long-term guarantee deposits
Lease obligations
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, 2021

3,264
323,231
186,183
70,00051,173
148,945
61,99589,008
1,478
23,82699,965
3,465
81,665
1,241
103

5,172
352,963
293,037
70,00048,938162,034
36,33372,446
41,18016,344
106,763308
70,1031,241–

1,145,546

1,276,867

11,0883,207
314,355

11,088
1,966
236,977

6,340

4,700

–

1,397

334,991

256,130

1,480,538

1,532,998

1,350,000

1,350,000

825,877–

825,877
4,155

825,877

830,032

204,500

204,500

3,850,000
348,0814,000,000
405,484

4,402,581

4,609,984

Treasury shares(617,636)(612,725)

Total shareholders' equity

5,960,822

6,177,291

213,444(71)

409,173129

213,372

409,303

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

5

43,11644,9816,217,311

6,631,575

7,697,849

8,164,574

Non-consolidated statements of income(Thousands of yen)

Net salesNet sales of finished goods
Net sales of goods

Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021

5,958,542
473,729

6,054,373
449,510

6,432,271

6,503,884

70,6201,028,598
381,726
3,853,944

51,837804,195
383,268
3,963,906

5,334,890

5,203,208

51,837804,195
4,357
17,18433,443631,868
10,042
10,357

4,491,684

4,538,212

Gross profit

1,940,586

1,965,672

Selling, general and administrative expenses

1,561,715

1,565,809

Operating profit

378,870

399,862

Non-operating income
Interest income
Dividend income
Rental income from real estate
Insurance claim income
Miscellaneous income

24
20,41023,486
5,430
4,804

7
34,34423,252
485
5,382

Total non-operating income

54,15663,472

311
381
4,243
2,900
3,842
341
134

243
62
4,123
3,274––
231

Total net sales
Cost of sales
Beginning merchandise inventory
Beginning finished goods inventory
Cost of purchased goods
Cost of products manufactured
Total
Ending merchandise inventory
Ending finished goods inventory
Transfer to other accountTransfer from other accountTotal cost of sales

Non-operating expenses
Interest expenses
Donations
Rental costs on real estate
Sales discounts
Loss on cancellation of leases
Provision of allowance for doubtful accounts
Other
Total non-operating expenses

12,1537,934

420,873455,400

Extraordinary income
Gain on sale of non-current assets

69–

Total extraordinary income

69

–

502
–
12,682–
28,831
2,769

Ordinary profit

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

13,18431,601

Profit before income taxes

Total extraordinary losses

407,758

423,798

Income taxes - current
Income taxes - deferred

126,525
18,58786,59014,416

Total income taxes

145,112

101,007

Profit262,645

322,7916

Non-consolidated statements of changes in equity
Fiscal year ended March 31, 2020
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings
Generalreserve

Retainedearnings
brought
forwardTotal
retainedearnings

TreasurysharesTotalshareholders' equity

3,550,000

500,724

4,255,224(617,636)

5,813,465

300,000(300,000)––

Dividends ofsurplus(115,289)(115,289)(115,289)

Profit262,645

262,645

262,645

Balance at beginningof period

SharecapitalLegalcapitalsurplus1,350,000

825,877

Other
capitalsurplus

Total capitalsurplusLegalretainedearnings

825,877

204,500–

Changes during
periodProvision ofgeneral reserve

Purchase oftreasury shares––

Exercise of shareacquisition rights
Net changes in
items other thanshareholders'equityTotal changes during
periodBalance at end ofperiod

–––

–

–

300,000(152,643)

147,356–

147,356

1,350,000

825,877–

825,877

204,500

3,850,000

348,081

4,402,581(617,636)

5,960,822

Valuation and translation adjustments
Valuationdifference on
available-forsale securities
Balance at beginningof period

281,914

Deferred
gains orlosses onhedges(204)

Totalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets281,71032,291

6,127,467

Changes during
periodProvision ofgeneral reserve–Dividends ofsurplus(115,289)

Profit262,645

Purchase oftreasury shares–

Exercise of shareacquisition rights
Net changes in
items other thanshareholders'equity(68,470)

132(68,337)

10,825(57,512)

Total changes duringperiod(68,470)132(68,337)

10,82589,843

Balance at end ofperiod

213,444(71)

213,372

43,1166,217,311

7

Fiscal year ended March 31, 2021
(Thousands of yen)
Shareholders' equity
Capital surplus

Retained earnings
Other retained earnings
Generalreserve

Retainedearnings
brought
forwardTotal
retainedearnings

TreasurysharesTotalshareholders' equity

3,850,000

348,081

4,402,581(617,636)

5,960,822

150,000(150,000)––

Dividends ofsurplus(115,388)(115,388)(115,388)

Profit322,791

322,791

322,791

Balance at beginningof period

SharecapitalLegalcapitalsurplus1,350,000

825,877

Other
capitalsurplus

Total capitalsurplusLegalretainedearnings

825,877

204,500–

Changes during
periodProvision ofgeneral reserve

Purchase oftreasury shares
Exercise of shareacquisition rights

4,155

4,155

(88)

(88)

5,000

9,155

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

–

–

4,155

4,155

–

150,000

57,402

207,402

4,911

216,468

1,350,000

825,877

4,155830,032

204,500

4,000,000

405,484

4,609,984(612,725)

6,177,291

Valuation and translation adjustments
Valuationdifference on
available-forsale securities
Balance at beginningof period

213,444

Deferred
gains orlosses onhedges(71)

Totalvaluation andtranslation
adjustments

ShareacquisitionrightsTotal net
assets

213,372

43,1166,217,311

Changes during
periodProvision ofgeneral reserve–Dividends ofsurplus(115,388)

Profit322,791

Purchase oftreasury shares(88)

Exercise of shareacquisition rights(9,135)20

Net changes in
items other thanshareholders'equity195,729

201

195,930

11,000206,930

Total changes during
period195,729

201

195,930

1,865

414,264

Balance at end ofperiod

409,173129

409,303

44,981

6,631,575

8

Non-consolidated statements of cash flows(Thousands of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021

407,758

423,798

Depreciation
Loss (gain) on valuation of investment securities

257,501
12,682

280,457
2,769

Share-based payment expenses
Increase (decrease) in provision for retirement benefits

10,825(73,213)

11,000(77,377)

Increase (decrease) in provision for retirement benefits for
directors (and other officers)(1,350)(1,640)

Increase (decrease) in provision for bonuses
Interest and dividend income(23,641)(20,435)

6,798(34,352)

Interest expenses
Loss on abandonment of property, plant and equipment

311
502

243
–

Loss (gain) on sale of property, plant and equipment
Loss on retirement of property, plant and equipment(69)––
28,831

Decrease (increase) in trade receivables
Loss on cancellation of leases

235,6843,842(488,795)–

Decrease (increase) in inventories
Increase (decrease) in trade payables

170,727(375,710)

254,315
116,542

Increase (decrease) in accrued consumption taxes
Other, net

65,643(46,147)(16,562)(17,971)

Subtotal

624,909

488,058

Interest and dividends received
Interest paid

20,435(304)

23,030(244)

Income taxes paid

(110,466)(111,618)

Net cash provided by (used in) operating activities

534,574

399,225

Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment(237,941)
69(261,521)
117

Purchase of intangible assets
Proceeds from rental of investment property(64,823)
23,486(28,699)
23,252

Loan advances
Proceeds from collection of loans receivable

(874)
533

–
110

Cash flows from investing activities

Other, net(5,277)(5,344)(284,828)(272,086)

Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings(100,000)(58,240)––

Purchase of treasury shares
Dividends paid–
(115,355)(88)(115,728)(1,241)–(1,241)20

Net cash provided by (used in) investing activities
Cash flows from financing activities

Repayments of lease obligations
Other, net(274,836)(117,039)

Net increase (decrease) in cash and cash equivalents

Net cash provided by (used in) financing activities(25,090)

10,100Cash and cash equivalents at beginning of period

876,649

851,558

Cash and cash equivalents at end of period

851,558

861,6599