total solutions that create new excitement and surprises

Securities Code : 7510

Total Solut ions That Create New Excitement and Surpr ises

Code of Activi t ies

Corporate Phi losophy

Creating a bright future by connecting people and technology with confidence

Comply with corporate ethics and contribute to society

1. Trust　

2. Technology　

3. Integrated power

1 2

Co rpo r a t e Ph i l o sophy & Code o f Ac t i v i t i e s

Kyoto, the ancient capital that balances tradition and innovation.TAKEBISHI grew here as technology trading company. That’s why we could.We will continue to listen in earnest to customers’ requests that change with the era.We will to think carefully and use our ingenuity to create a new tomorrow.

President: Isamu Ogura

Isamu Ogura

Since its founding in 1926, TAKEBISHI has established a management foundation, supported by its many customers, as a technical trading company dealing in industrial electric machiner y and electronic equipment, mainly Mitsubishi Electric products based in Kyoto and Shiga prefectures.

The company currently has expanded to seven branches and one sales office, as well as seven affiliates (three domestic and four overseas). In addition to its flagship Mitsubishi Electric products and a number of partner products,the company promotes the development of original products by taking advantage of its proprietary technology. TAKEBISHI has responded to the diverse needs of its customers.

TAKEBISHI will continue to impress and amaze its customers as “a technological trading company that providestotal solutions ”, in fields such as industrial equipment , semiconductor devices, social infrastructure, and information and communications, and the company will continue to take on challenges at the leading edge of the era.

TAKEBISHI is determined to keep moving ahead together with its stakeholders as it aspires to be “the leading technology trading company from Kyoto”.

We look forward to your continued patronage in the future.

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

Strive to absorb and revolutionize new technologies that will benefit customers

Combine individual strengths and create a total service menu

43

Summa r y o f Bus i nesses

FA and Device Business Social / Information and Communications BusinessIndustrial Equipment and Systems

Semiconductors and Devices

Social Infrastructure

Information and Communications Equipment

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

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 as well as in Japan.

FA devices

Industrial equipment

Controllers

ElectricityDistribution ControlsRotational Equipment

SensorOmron Devices

Programmable controllers, indicators, etc.

Servomotors, inverters, electromagnetic clutch, etc.

Various motors, electric fans for industrial use, etc.

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

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

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 field projected to expand further in the future.

Factory automation （FA） systems

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

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

Drive Controls

Microcomputers, memory ICs, ASICs, various ICs, optical/high-frequency devices, power devices, transistors, semiconductor products, development tools, microcomputer/software design, etc.

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

LCD modules,electronic paper, OEL display, other display devices, touch-panels, industrial controller, CPUboards, storage, power units, printer, thermal heads, closed image sensors, communication module, etc.

We handle products from Japan and overseas for incorporation into machinery and for peripheral devices. The products are used in a variety of fields, including home electronics such as PCs, controllers for industrial application, and other products for the amusement sector. This business field is projected to expand further going forward.

Semiconductors

Devices

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 for our 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.

Cooling and heating equipment for house use

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

In this sector, we mainly handle building equipment such as elevators and escalators. 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.

Building facilities

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

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

Facilities for power and public utilities

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

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

Radiation equipment

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, air sterilization and deodorant equipment, etc.

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

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

Information systems

Network camera systems, security systems, PBX, emergency earthquake alert delivery systems, mobile phones, video conference system, mobile phone website businesses, etc.

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.

Communications equipment

programmable controllers

printers computer systemsfor industrial use

microcomputers Liquid crystal modules

electronic papers storage

servomotors

electric discharge machines

devicegateway(Original Products)

robot

radiation cancer therapy device

PCs and PC servers

mobile phones

network cameraTECSAS sales management

(Original Products)

signagemonitor

projector

robot

LED lighting

elevaters

water treatment supervisory control system

escalators

Eco cute

65

Overview of Financial Results

Net Sales by Segment

Change in Sales (¥ million) Change in Sales (¥ million)

Change in Sales (¥ million) Change in Sales (¥ million)

In the information and communications business field, although sales of information systems for amusement increased, sales for cellular phones, our main product for this field, decreased concurrent with the shuttering of unprofitable shops. As a result, the overall net sales for this segment increased 2.6% compared to the previous year.

¥9,042 million (year-on-year decrease of 2.6%)¥248 million (year-on-year decrease of 3.8%)

The Japanese economy in fiscal 2018 remained robust in the first half, but gradually tapered off in the second half to due to the deceleration of capital investment in semiconductor-related equipment in China and other overseas markets.Amid this backdrop, our Group focused its energy on growth fields, including the robot business to address the labor shortage, the medical business to respond to the super aging society, and the environmental business to respond to the decarbonized society. At the same time, with an eye on further growth, we expanded new businesses including the sales of original products targeting the operational efficiency market in the context of work style reforms.As a result, the consolidated business performance for this fiscal year reached record high net sales of ¥83,384 million (year-on-year increase of 8.2%), record high operating income of ¥3,839 million (year-on-year increase of 14.6%), ordinary income of ¥3,919 million (year-on-year increase of 15.7%), and profit attributable to owners of parent of ¥2,569 million (year-on-year increase of 9.5%).

Net sales

Operating income

Ordinary income

¥83,384million¥3,839million¥3,919million¥2,569million

(year-on-year increase of 8.2%)




Net sales

Operating income

¥38,888 million (year-on-year increase of 7.4%)¥2,639 million (year-on-year increase of 18.5%)

Net sales

Operating income

In the industrial equipment and systems business field, there was a large-scale purchase order for industrial processing machines, and sales of sanitation equipment, electronic component mounting machinery, and other FA equipment remained brisk. As a result, net sales for this segment increased 7.4% compared to the previous year.

In the social infrastructure business field, sales of radiation therapy equipment for hospitals fell, but in the area of heavy electric machinery, there was a large-scale extra high-voltage transformer project, and sales of air conditioning equipment remained strong. As a result, net sales for this segment increased 33.7% compared to the previous year.

Net sales

Operating income

Informat ion and Communicat ions Equipment

Socia l Infrastructure

Industr ia l Equipment and Systems


Summa r y o f Bus i ness Pe r f o rmance

Fiscal 2018 Results

¥16,981million (year-on-year increase of 33.7%)

¥438 million (year-on-year increase of 41.5%)

Net sales

Operating income

¥18,472 million(year-on-year decrease of 2.1%)

¥513 million(year-on-year decrease of 7.3%)

In the semiconductors and devices business field, sales of semiconductors for storage batteries and devices produced overseas for notebook PCs increased, but sales of semiconductors for industrial equipment declined. As a result, net sales for this segment decreased 2.1% compared to the previous year.

2018.32017.3 2019.3

2018.32017.3 2019.3 2018.3 2019.32017.3

2018.3 2019.32017.3

Profit attributableto owners of parent

46.6%

22.2 %

20.4%

10.8%

Industr ia lEquipmentand Systems

Semiconductorsand Devices

Socia lIn f rast ructure

Information andCommunicationsEquipment

Change in Sales (¥ million)

2018.3 2019.32017.3

17,25418,872 18,472


2018.32017.3 2019.3

9,070 9,285 9,042


2018.32017.3 2019.3

14,11012,699

16,981


2018.3 2019.32017.3

30,832

36,20538,888

Device gateway TECSAS sales management（Original Products）

File Ark OPC spiderOPC server

7 8

S t r eng t h o f TAKEB ISH I

Broad product group × Resolve customer’s problems with technical expertiseSales target to 2022

Products ofProducts ofElectric MitsubishiElectric Mitsubishi

(Product boasts (Product boasts high market share)high market share)

Partner Partner Products(Suppliers: More than (Suppliers: More than 2000 companies)2000 companies)

Products ofElectric Mitsubishi

(Product boasts high market share)

OriginalOriginalproductsproducts(Product boasts (Product boasts

high market share)high market share)

Originalproducts(Product boasts

high market share)

Partner Products(Suppliers: More than 2000 companies)

Cumulative Sales Results of Original Products

T

Link

1000

Takebishi

Connection skill / Sales and marketing

Net sales 100 billion yen

Industrial Equipment and Systems


●Expansion of devices produced overseas in response to market needs (for high performance and low cost)●Expansion of the overseas semiconductor lineup

●Expansion of the labor-saving robot business to address the labor shortage●Expansion of device systems for overseas markets●Tapping into AI and IoT-related demand centered on Mitsubishi Electric products and Omron products

Social/Information and Communications Business

●Expansion of medical business to respond to a super aging society●Expansion of the hydroelectric maintenance business area●Expansion of the smartphone app-driven ICT business

programmable controllers

servomotors

electric dischargemachines

robot

LED lighting electronic papers radiation cancer therapy device

fiber sensor

displacement Sensors

microcomputers

52 countries 30,000about lines

Number of sales countries Accumulated sales

109

% %

Transition of Business Performance（Consolidated）

Industrial Equipment and Systems Semiconductors and DevicesSocial Infrastructure Information and Communications Equipment

Ratio of Operating Income to Net Sales Ratio of Ordinary Income to Net Sales

Net Income Net Income Per ShareDistribution of Sales by Region

Business Performance

Change in Performance by Segment

Distribution of Industry for Top 50 Customer Companies2019.3 2019.3

*1. The above figures have been rounded to the nearest million yen.

Net Sales

Operating Income

Ratio of Operating Income to Net Sales

Ordinary Income

Ratio of Ordinary Income to Net Sales

Net Income

Ratio of Net Income to Net Sales

Net Income Per Share 〈Value After Split〉

（￥ million）

（￥ million）

（％）

（￥ million）

（％）

（￥ million）

（％）

（￥ million）

Average Number of Shares During the Term（thousand shares）

Industrial Equipment and SystemsSemiconductors andDevices

FA and Device Business

Social Infrastructure

Information and Communications Equipment

Social & Information andCommunications Business

Total

Segment Classification

2015.3 2016.3 2017.3 2018.3 2019.3 2020.3（est.）

2017.3 2018.3 2019.32016.32015.3 2020.3（est.）

Sales（￥ million）

Change fromPrevious Year（%）











Change in Sales by Business Segment

Sales

Operating Income Ordinary Income

Medical relation 4.3％

69,352

1,890

（2.7）

1,952

（2.8）

1,165

（1.7）

79.18

14,714

71,152

2,206

（3.1）

2,239

（3.1）

1,389

（2.0）

94.46

14,714

71,267

2,540

（3.6）

2,570

（3.6）

1,818

（2.6）

123.60

14,714

77,062

3,349

（4.3）

3,387

（4.4）

2,346

（3.0）

159.43

14,714

83,384

3,839

（4.6）

3,919

（4.7）

2,569

（3.1）

174.64

14,714

78,000

2,980

（3.8）

3,000

（3.8）

1,950

（2.5）

132.52

14,714

Construction 1.7％ Other 4.2％

Overseas7.8％

Other regions in Japan 1.2％

Kyushu 2.8％

Kyoto andShiga47.3％

Osaka and other Kinki23.1％

Kanto and Koshinetsu

7.8％

Tokai and Hokuriku 10.1％

Electric andElectronics

58.8％Transportationand

Machinery18.0％

General Trading

5.7％

Precise 7.2％

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

0

1,9522,239

80,000

　

60,000

　

40,000

　

20,000

　

0

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

0

2,500

2,000

1,600

1,200

800

400

0

175

150

125

100

75

50

25

0

1,165

2,206

80,000

　

60,000

　

40,000

　

20,000

　

0 2015.3 2016.3 2020.3（est.）

2017.3

78,000

1,389

1,818

2,3462,569

1,950

79.1894.46

123.60

159.43174.64

132.521 950

1 16594 469

5.00

4.00

3.00

2.00

1.00

0

5.00

4.00

3.00

2.00

1.00

0

2018.3

2,570

3,387

3,0003,349

2,540

78,000

12.7％

19.8％

24.2％

43.3％

71,26777,062

2019.3

15.1％

19.1％

26.3％

39.5％

69,35214.2％

18.3％

24.5％

43.0％

71,152

2,980

1,890

3,839

3.83.1

4.4

4.7

3.6

3,919

12.0％

16.5％

24.5％

47.0％

83,38410.8％

20.4％

22.2％

46.6％

11.0％

19.9％

22.4％

46.7％

69,352 71,26771,152

83,38477,062

2.73.1

4.34.6

3.6

2.8

3.8

¥ million ¥ million

¥ million/% ¥ million/%

¥ million ¥

2015.3 2016.3 2019.32017.3 2018.3 2020.3（est.）

Operating Income &Ratio of Operating Income to Net Sales

2015.3 2016.3 2017.3 2019.32018.3 2020.3（est.）

Ordinary Income &Ratio of Ordinary Income to Net Sales

2015.3 2016.3 2017.3 2018.3 2019.3 2020.3（est.）

2015.3 2016.3 2017.3 2019.32018.3 2020.3（est.）

2015.3 2016.3 2017.3 2019.3 2020.3（est.）

2018.3

27,411

18,235

45,646

13,267

10,438

23,705

69,352

+3.4

+6.4

+4.6

△19.3

△15.2

△17.5

△4.2

30,603

17,432

48,035

13,041

10,075

23,117

71,152

+11.6

△4.4

+5.2

△1.7

△3.5

△2.5

+2.6

30,832

17,254

48,087

14,110

9,070

23,180

71,267

+0.7

△1.0

+0.1

+8.2

△10.0

+0.3

+0.2

36,205

18,872

55,077

12,699

9,285

21,985

77,062

+17.4

+9.4

+14.5

△10.0

+2.4

△5.2

+8.1

36,400

17,500

53,900

15,500

8,600

24,100

78,000

△6.4

△5.3

△6.0

△8.7

△4.9

△7.4

△6.5

38,888

18,472

57,360

16,981

9,042

26,023

83,384

+7.4

△2.1

+4.1

+33.7

△2.6

+18.4

+8.2

*1. The above figures have been rounded 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).

1211

Ma jo r Manage r i a l I ndexes（Conso l i da t ed）

Profitability IndexesReturn on Assets（ROA）Return on Equity（ROE）

Asset Related Indexes　Net Assets Per ShareTotal Assets & Net Assets

Efficiency and Safety IndexesTotal Capital to Debt RatioTotal Asset Turnover

Investment Value IndexesDividend Payout RatioDividends Per Share

Net AssetsTotal Assets

2015.3 2016.3 2017.3 2018.3 2019.3

2015.3 2016.3 2017.3 2018.3 2019.3

5.8

2.9

6.5

3.5

8.1

4.4

9.5

5.1

9.7

5.5

Return on Equity 〈ROE〉

Return on Assets 〈ROA〉

（％）

（％）

Total Assets

Net Assets

Capital Adequacy Ratio

Net Assets Per Share

（￥ million）

（￥ million）

（％）

（￥）

23.0

338

29.0

13.9

1.6

26.0

382

27.5

10.4

1.8

35.0

515

28.3

11.7

2.2

40.0

588

25.1

10.8

2.3

48.0

706

27.5

8.1

2.6

1.73

2,168

5.4

1.78

2,121

5.3

1.71

1,703

3.9

1.67

1,720

3.5

1.79

1,491

3.4

（¥ million）Interest Bearing Debt

Total Capital to Debt Ratio（％）

Total Asset Turnover （times）

Dividends Per Share〈Value After Split〉

Total Value of Dividends

Dividend Payout Ratio

Price Earnings Ratio 〈PER〉

Dividend on equity 〈DOE〉

（￥）

（%）

（￥ million）

（times）

（times）

¥ million/% ¥

% %

10.00

9.00

8.00

7.00

6.00

5.00

4.00

3.00

2.00

1.00

0.00

6.00

5.00

4.00

3.00

2.00

1.00

0

5.86.5

8.1

9.5 9.7

2.93.5

4.4

5.15.5

50,000

　

40,000

　

30,000

　

20,000

　

10,000

　　

0

1,800.00

1,600.00

1,400.00

1,200.00

1,000.00

800.00

600.00

400.00

200.00

0

39,968

20,887（52.3％）

39,962

21,636（54.1％）

43,289

23,395（54.0％）

48,978

25,848（52.8％）

44,290

27,374（61.8％）

1,418.23 1,470.411,589.92

1,756.611,860.37

%

%

times

¥

2015.3 2016.3 2017.3 2019.32018.3 2015.3 2016.3 2017.3 2019.32018.3

2015.3 2016.3 2017.3 2018.3 2019.3 2015.3 2016.3 2017.3 2018.3 2019.3

39,968

20,887

52.3

1,418.23

39,962

21,636

54.1

1,470.41

43,289

23,395

54.0

1,589.92

48,978

25,848

52.8

1,756.61

44,290

27,374

61.8

1,860.37

3.50

3.00

2.50

2.00

1.50

1.00

0.50

0

12.0

10.0

　8.0

　6.0

　4.0

　2.0

　0

5.3

3.9 3.5

5.4

50.0

40.0

30.0

20.0

10.0

0

50.0

40.0

30.0

20.0

10.0

0

26.0

35.0 40.0

23.0

27.5 27.528.3

25.1

3.4

48.0

29.0

2015.3 2016.3 2017.3 2018.3 2019.3

2015.3 2016.3 2017.3 2018.3 2019.3 2015.3 2016.3 2017.3 2018.3 2019.3

2015.3 2016.3 2017.3 2018.3 2019.3

2015.3 2016.3 2017.3 2018.3 2019.3 2015.3 2016.3 2017.3 2018.3 2019.3

1.78 1.71 1.671.73

1.79

*1. “Interest bearing debt” is shown rounded off 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)*3. With the application of the “Partial Amendments to Accounting Standard for Tax Effect Accounting” starting in fiscal 2018, past figures for total asset turnover and total capital to debt ratio have been adjusted retroactively.

*1. The above figures have been rounded 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).*3. With the application of the “Partial Amendments to Accounting Standard for Tax Effect Accounting” starting in fiscal 2018, past figures for total assets and capital adequacy ratio have been adjusted retroactively.

Note: The equity ratio is shown in parentheses.

Note: With the application of the “Partial Amendments to Accounting Standard for Tax Effect Accounting” starting in fiscal 2018, past figures for return on assets have been adjusted retroactively.

Amount CompositionAmount CompositionAmount Composition

FY2016As of Mar. 31, 2017

FY2017As of Mar. 31, 2018

FY2018As of Mar. 31, 2019

Consolidated Balance Sheets

81.0%

6.3%

0.2%

12.5%

19.0%

100.0%

　　　

80.3%

7.4%

0.2%

12.1%

19.7%

100.0%

Assets

Current assets

Cash and deposits

Notes and accounts receivable-trade

Electronically recorded monetary claims

Marketable Securities

Merchandise

Work in progress

Other current assets

Allowance for doubtful accounts

Total current assets

Fixed assets

Tangible fixed assets

Buildings and structures

Land

Other tangible fixed assets

Total tangible fixed assets

Intangible fixed assets

Software

Other intangible fixed assets

Total intangible fixed assets

Investments and other assets

Investments in securities

Deferred income tax assets

Other

Allowance for doubtful accounts

Total investments and other assets

Total fixed assets

Total assets

3,930

21,803

3,609

51

4,560

47

771

△16

34,758

1,256

1,833

108

3,197

74

31

105

4,195

130

915

△14

5,227

8,530

43,289

6,747

21,952

4,779

10

5,306

75

820

△4

39,687

1,158

1,833

99

3,091

63

21

85

5,134

152

833

△7

6,113

9,290

48,978

1413

Conso l i da t ed F i nanc i a l S t a t emen t s

¥ millionConsolidated Balance Sheets ¥ million


FY2016As of Mar. 31, 2017

FY2017As of Mar. 31, 2018

Consolidated Balance Sheets

　

43.1%

2.9%

46.0%

52.3%

　

1.8%

54.0%

100.0%

　

44.2%

3.0%

47.2%

49.9%

　

2.9%

52.8%

100.0%

Liabilities

Current liabilities

Notes and accounts payable

Electronically recorded obligations

Short-term bank loans

Current portion of long-term debts

Accounts payable-other

Accrued income taxes

Adovances received

Accrued bonuses

Other current liabilities

Total current liabilities

Long-term liabilities

Long-term debts

Long-term accounts payable

Deferred tax liability

Deferred tax liabilities on revaluation

Allowance for directors’ retirement benefits

Net defined benefit liability

Provision for loss on dissolution of the employees' pension fund

Asset retirement obligations

Other long-term liabilities

Total long-term liabilities

Total liabilities

Net Assets

Shareholders’ equity

Common stock

Capital surplus

Retained earnings

Treasury stock, at cost

Total shareholders’ equity

Valuation and translation adjustments

Unrealized gain on available-for-sale securities

Revaluation gain (loss) for land, net of tax

Foreign currency translation adjustments

Remeasurements of defined benefit plans

Total valuation and translation adjustments

Total net assets

Total liabilities and net assets

13,557

812

1,603

-

993

607

156

615

296

18,643

100

115

307

7

20

640

-

34

23

1,249

19,893

2,554

3,133

16,966

△23

22,631

1,840

△1,135

73

△14

763

23,395

43,289

11,308

1,124

1,620

100

1,041

786

4,572

720

383

21,659

-

102

542

7

20

592

157

30

15

1,470

23,129

2,554

3,133

18,753

△23

24,418

2,496

△1,135

92

△23

1,429

25,848

48,978

　

79.6%

6.9%

0.2%

13.3%

20.4%

100.0%

4,809

18,719

4,696

19

6,226

27

776

△14

35,260

1,111

1,833

106

3,051

63

20

83

4,873

155

872

△6

5,894

9,029

44,290

　

35.0%

3.2%

38.2%

59.4%

　

2.4%

61.8%

100.0%

9,514

1,526

1,391

-

1,113

830

196

610

330

15,514

100

102

452

7

25

512

157

27

15

1,400

16,915

2,554

3,133

20,661

△23

26,325

2,136

△1,135

28

19

1,048

27,374

44,290

FY2018As of Mar. 31, 2019

Note: With the application of the “Partial Amendments to Accounting Standard for Tax Effect Accounting” starting in fiscal 2018, past figures have been adjusted retroactively.

1615

¥ millionConsolidated Statements of Income


FY2016Apr. 1, 2016 - Mar. 31, 2017

FY2017Apr. 1, 2017 - Mar. 31, 2018

FY2018Apr. 1, 2018 - Mar. 31, 2019

Conso l i da t ed F i nanc i a l S t a t emen t s

¥ millionConsolidated Statements of Cash Flows

AmountAmountAmount

FY2016Apr. 1, 2016 - Mar. 31, 2017

FY2017Apr. 1, 2017 - Mar. 31, 2018

FY2018Apr. 1, 2018 - Mar. 31, 2019

　

3,440

182

30

0

105

△18

△60

157

△67

10

△244

3

△1,306

△769

△1,952

30

4,415

74

4,032

67

△10

△987

3,101

△20

-

39

△38

△14

△29

266

0

203

20

-

-

△559

-

△538

31

2,797

3,818

6,615

100.0％

86.4％

13.6％

10.0％

3.6％

0.2％

0.2％

3.6％

0.2％

3.8％

　

　

1.3％

　

2.6％

100.0％

85.6％

14.4％

10.0％

4.3％

0.2％

　

0.2％

4.4％

0.3％

4.5％

　

　

1.4％

　

3.0％

77,062

65,993

11,069

7,720

3,349

171

8

59

29

54

-

19

133

10

85

27

3

4

3,387

244

244

190

3

30

157

3,440

1,151

△57

1,094

2,346

2,346

71,267

61,591

9,676

7,136

2,540

172

8

50

24

53

-

36

142

12

65

29

23

11

2,570

172

172

11

1

9

-

2,731

930

△17

913

1,818

1,818

100.0％

86.3％

13.7％

9.1％

4.6％

0.3％

　

0.2％

4.7％

　

4.7％

　

　

1.6％

　

3.1％

83,384

71,922

11,462

7,623

3,839

212

5

71

31

57

15

32

133

9

92

28

-

2

3,919

-

-

10

10

-

-

3,908

1,299

39

1,338

2,569

2,569

　

3,908

168

-

4

△109

8

△18

-

△76

9

-

10

3,259

△904

△1,344

93

△4,376

△1

630

76

△9

△1,257

△559

△20

-

10

△187

△22

△274

5

1

△487

△219

100

△100

△662

△0

△881

△29

△1,958

6,615

4,657

　

Net sales

Cost of sales

Gross profit

Selling, general and administrative expenses

Operating income

Non-operating income

Interest income

Dividend income

Purchases discounts

Lease revenue

Gain on foreign exchange

Other non-operating income

Non-operating expenses

Interest paid

Sales discounts

Cost of lease revenue

Loss on foreign exchange

Other non-operating expenses

Ordinary income

Extraordinary profits

Gain on sales of investment securities

Extraordinary loss

Loss on sale or disposal of fixed assets

Impairment loss

Provision of reserve for loss on dissolution of the employees’ pension fund

Income before income taxes and minority interests

Income taxes-current

Income taxes-deferred

Total income taxes

Net income

Profit attributable to owners of parent

Cash flows from operating activities

Income before income taxes and minority interests

Depreciation and amortization

Impairment loss

Increase (decrease) in reserve for directors’ retirement benefits

Increase (decrease) in reserve for bonuses

Increase (decrease) in allowance for doubtful accounts

Increase (decrease) in net defined benefit liability

Increase in provision for loss on dissolution of the employees' pension fund

Interest and dividend income

Interest expenses

Loss (gain) on sales of securities

Loss (gain) on sale or disposal of fixed assets

Decrease (increase) in trade receivables

Decrease (increase) in inventories

Increase (decrease) in trade payables

Increase (decrease) in accounts payable

Increase (decrease) in advances

Other

Subtotal

Interest and dividends received

Interest paid

Income taxes paid

Net cash provided by operating activities

Cash flows from investing activities

Payment for deposit in time deposit account

Payment for acquisition of securities

Proceeds from redemption of investment securities

Payment for acquisition of tangible fixed assets

Payment for acquisition of intangible fixed assets

Payment for acquisition of investment securities

Proceeds from sales of investment in securities

Other

Net cash used in investing activities

Cash flows from financing activities

Net increase (decrease) of short-term borrowing

Proceeds from long-term borrowing

Repayment of long-term borrowing

Dividends paid

Other

Net cash used in financing activities

Effect of exchange rate changes on cash and cash equivalents

Increase (decrease) in cash and cash equivalents

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

　　

2,731

191

9

4

△42

0

19

-

△58

12

△172

1

△2,645

△376

1,752

110

64

△142

1,459

59

△11

△969

538

△30

△30

15

△67

△55

△336

306

0

△197

△386

100

△100

△426

-

△813

△27

△500

4,318

3,818

Note: Total valuation and translation was ¥ 2,185 million in fiscal 2016, ¥ 3,011 million in fiscal 2017, and ¥ 2,188 million in fiscal 2018.

1817

His t o r y・Co rpo r a t e P r o fi l e

Descript ionMonth/Year

Corporate History

Establishes Kusasa Shougyou Co., Ltd. in Kita-ku, Osaka for the manufacture and sale of raw materials for electricmachinery and appliances.

Concludes dealer agreement with Osaka Branch of Mitsubishi Corp. and Mitsubishi Electric Corp. for the sale of products in theKyoto area, and establishes Kyoto Sub-Branch in Kamigyo-ku, Kyoto.

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

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

Changes corporate name to Takebishi Electric Co., Ltd.

Concludes exclusive agency agreement (currently agency agreement) with Mitsubishi Electric Corp.

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

Establishes Shiga Sales Office in Omihachiman, Shiga Prefecture (currently Shiga Branch in Hikone, Shiga Prefecture).

Concludes exclusive agency agreement with OMRON Corporation.

Transfers Head office to new building in Ukyo-ku, Kyoto.

Establishes Osaka Sales Office in Minami-ku, Osaka (currently Osaka Branch in Kita-ku, Osaka).

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

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

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

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

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

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

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

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)

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

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

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

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

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

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

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

Introduces executive officer system.

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

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

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

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

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

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

Establishes TAKEBISHI (THAILAND) CO., LTD. in Bangkok, Thailand (a wholly-owned consolidated subsidiary)Establishes TAKEBISHI EUROPE B.V. in Amsterdam, the Netherlands (a wholly-owned consolidated subsidiary)

Shares listed on First Section of Tokyo Stock Exchange

Transition to a company with audit and supervisory committee

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

Offices and Subsidiaries

China

Thailand

Takebishi Kosan Co., Ltd.Warehousing, insurance agency

TS Engineering Co., Ltd.Design, engineering work, and maintenance service

of air-conditioning equipment

Ritto Branch

Kihoku BranchOsaka Branch

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

Kyushu BranchShiga Branch

Nagoya Branch

Kofu Sales OfficeTokyo Branch

Takebishi Electric Sales hiShanghai LimitedS a

Takebishi Electric Sales Ta ebHong Kong Limited

enzhen OfficeShen Oz

TAKEBISHI（THAILAND）CO.,LTD.

Network

C

Netherlands

TAKEBISHI EUROPE B.V.

Head Office（Kyoto）

Company InformationOu t l i n e

TAKEBISHI CORPORATION

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

April 24, 1926

1.Sales of the following products, and design and 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 generation 　equipment, generators, power transmission and distribution equipment,

water management plant systems, Electronic medical equipment●Communications and equipment, image processing equipment,

information and communication equipment

2.Sales, systems design and software development:●Information systems and factory automation systems●Microcomputers and ASICs (Application Specific Integrated Circuits)

¥2,554 million

Number of shares authorized: 28,280,000 sharesNumber of shares issued : 14,798,600 shares

March 31 (once a year)

Employees Consolidated: 590 Nonconsolidated: 381Total workforce Consolidated: 707 Nonconsolidated: 413*Total workforce includes temporary staff.

MUFJ Bank, Ltd.Bank of Kyoto, Ltd.Mitsubishi UFJ Trust and Banking CorporationShiga Bank, Ltd.Mizuho Bank, Ltd.Sumitomo Mitsui Banking CorporationThe Kyoto Chuo Shinkin BankThe Kyoto Shinkin Bank

ISO14001 (acquired in August 2001 from BVJC)

ISO9001 (acquired in September 2003 from BVJC)

ISO27001 (acquired in January 2012 from BVJC)

(As of March 31, 2019)

SCREEN Holdings Co., Ltd.Murata Manufacturing Co, Ltd.Panasonic Smart Factory Solutions Co., Ltd.Mitsubishi Motors CorporationKYOCERA CorporationMitsubishi Electric CorporationLogitec INA SolutionsNidec CorporationKinden CorporationMitsubishi Heavy Industries, Ltd.Canon Machinery Inc.Takenaka CorporationShimizu CorporationKansai Electric Power Co., Inc.

Omron CorporationMurata Machinery, Ltd.Ishida Co., Ltd.Shimadzu CorporationNissin Electric Co., Ltd.Nippon Electric Glass Co., Ltd.HORIBA, Ltd.Sumitomo Electric Industries, Ltd.Panasonic CorporationROHM Co., Ltd.GS Yuasa CorporatioObayashi CorporationTakasago Thermal Engineering Co., Ltd.Government and other public officesn

Directors, Auditor, and Executive Officers:Director & Chairman

Representative Director & President

Director & General Managing Executive Officer

Director & Senior Managing Executive Officer

Director & Executive Officer




Director & Executive Adviser

Director（Outside）

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

Director & Member of Audit and Supervisory Committee（Outside）

Director & Member of Audit and Supervisory Committee（Outside）

Managing Executive Officer

Hiroyuki Fujiwara

Isamu Ogura

Yukihiro Hashimoto

Takashi Kamei

Masanori Nishida

Kazuhiko Sakaguchi

Hiroshi Okagaki

Katsuhiro Nakauchi

Takehisa Iwata

Hiroyuki Kasuo

Akira Matsuki

Shigeyuki Kawamoto

Yoshinori Yamada

Hideo Takenaka

Major Customers:

1926

1930

1931

1943

1944

1958

1959

1961

1963

1969

1970

1983

1984

1991

1992

1996

1999

2001

2003

2005

2006

2007

2009

2010

2012

2013

2014

2017

2018

Apr.

May.

Feb.

Mar.

Nov.

Aug.

Jun.

Feb.

Nov.

Nov.

Jun.

Aug.

J u l .

Aug.

Apr.

Feb.

J u l .

Apr.

May.

Sep.

Jan.

Apr.

Aug.

Sep.

Nov.

Feb.

Apr.

Jun.

Oct.

Feb.

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Apr.

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J u l .

Jan.

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Aug.

Corporate Name:

Head Office:

Established:

Purposes:

Paid-in Capital:

Shares:

Fiscal Year End:

Workforce:

Main Banks:

Certifications:

2019.Sep

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

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