total solutions that create new excitement and …...countries about 26,000 lines 7 8 strength of...
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2018.SepHead Office: 29, Mameda-cho, Nishi-kyogoku, Ukyo-ku, Kyoto 615-8501, Japan
Phone: +81-75-325-2111 Fax: +81-75-325-2250
I am using the vegetable oil ink which considered environment.
Securities Code： 7510
Total Solut ions That Create New Excitement and Surprises
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 of tradition and technology TAKEBISHI grew here as technology trading company. That’s why we could. With unceasing innovation, we have inherited Kyoto’s tradition of adapting to the needs of the era. We will continue to take on challenges at the leading edge of the era.
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 machinery and electronic equipment, mainly Mitsubishi Electric products based in Kyoto and Shiga prefectures.
The company currently has seven domestic branches and one sales office, as well as five overseas subsidiaries. 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 provides total 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.
2
Ogura
gura
es at the leading edge of the era.
akeholders oto. ”
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CorporatePhilosophy
Code ofActivities
1
2
3
43
Summa r y o f Bus i nesses
FA and Device Business Social / Information and Communications Business
Industrial Equipment and Systems
Semiconductors and Devices
Social Infrastructure
Information and Communications Equipment
We primarily handle industrial factory automation (FA) equipment such as con-trollers, drive controls, and electricity distribution controls. These form one of the core product areas for the Company, with broad application that includes vari-ous manufacturing systems produced by assembly manufacturers and for envi-ronmental 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 ex-pected to grow steadily amid increasing need for automation and labor-saving overseas as well as in Japan.
FA devices
Industrial equipment
Controllers
ElectricityDistribution Controls
Rotational 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 busi-ness 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 man-ufacturers and electronic device makers. These products are indispensable in high-performance electronic devices. Going forward, this business field is ex-pected to continue growing steadily.
TFT-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
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 TFT liquid crystal modules
electronic papers storage
servomotors
electric discharge machines
devicegateway（Original Products）
robot
LED lighting
elevaters
water treatment supervisory control system
radiation cancer therapy device
Eco cute
PCs and PC servers
mobile phones
network cameraTECSAS sales management
（Original Products）
signagemonitor
projector
escalators
robot
10,0759,070 9,285
13,04114,110
12,699
30,603 30,832
36,205
17,432 17,25418,872
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, sales for cellular phones, our main product for this field, was equivalent to that of last year while sales for PCs and servers increased. As a result, the overall net sales for this segment increased 2.4% compared to the previous year.
￥9,285million (year-on-year increase of 2.4%)￥257million (year-on-year decrease of 3.0%)
The Japanese economy in fiscal 2017 remained generally moderate due to increased exports and capital investment lead by steady growth overseas, such as Europe, the US, and China. Employment also improved. Under such circumstances, our Group focused on our core business centered on FA equipment and leveraged our technological strengths regarding links. We focused on areas which growth could be expected, such as robots, the equipment system business, and devices produced overseas. We also accelerated the global promotion of our original products due to the expansion of the IoT market around the world. As a result, the consolidated business performance for this fiscal year reached record high net sales of ￥77,062 million (year-on-year increase of 8.1%), record high operating income of ￥3,349 million (year-on-year increase of 31.9%), ordinary income of ￥3,387 million (year-on-year increaseof 31.8%), and profit attributable to owners of parent of ￥2,346 million (year-on-year increase of 29.0%).
Net sales
Operating income
Ordinary income
￥77,062million￥3,349million￥3,387million￥2,346million
(year-on-year increase of 8.1%)
(year-on-year increase of 31.9%)
(year-on-year increase of 31.8%)
(year-on-year increase of 29.0%)
Net sales
Operating income
￥36,205million (year-on-year increase of 17.4%)￥2,227million (year-on-year increase of 32.0%)
Net sales
Operating income
In the industrial equipment and systems business field, there were steady sales of industrial processing machines and FA equipment for manufacturing equipment of semiconductors, electronic components, etc. In addition, there was an increase in equipment systems for inspection of electronic components. As a result, net sales for this segment increased 17.4% compared to the previous year.
In the social infrastructure business field, sales were strong for air conditioning and other building facilities. However, demand to renew radiation therapy equipment for hospitals subdued. As a result, net sales for this segment decreased 10.0% compared to the previous year.
Net sales
Operating income
Informat ion and Communicat ions Equipment
Socia l Infrastructure
Industr ia l Equipment and Systems
Semiconductors and Devices
Summa r y o f Bus i ness Pe r f o rmance
Fiscal 2017 Results
￥12,699million (year-on-year decrease of 10.0%)
￥309million (year-on-year decrease of 22.3%)
Net sales
Operating income
￥18,872million(year-on-year increase of 9.4%)
￥553million(year-on-year increase of 194.0%)
In the semiconductors and devices business field, in addition to the expansion of new businesses like electronic paper, industrial PCs for manufacturing equipment of semiconductors expanded together with semiconductors related to industrial equipment. As a result, net sales for this segment increased 9.4% compared to the previous year.
In tstefor comsyssaleyea
Ne
Op
2017.32016.3 2018.3
2017.32016.3 2018.3 2017.3 2018.32016.3
2017.3 2018.32016.3
Profit attributableto owners of parent
47.0%
24.5 %
16.5%
12.0%
Industr ia lequipmentand Systems
Semiconductorsand Devices
Socia lIn f rast ructure
Information andCommunicationsequipment
Device gateway TECSAS sales management（Original Products）
File Ark OPC spiderOPC server
49countries 26,000about lines
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
Strengthening "Strengths" with FA as the center
Approach to social issues●Expansion of medical business to respond to a super aging society●Expansion of environmental business for the promotion of a decarbonized society
●Expansion of Mitsubishi, Omron products with advanced product capabilities●Initiatives for automated demand and expansion for IoT and AI business●Strengthening partnerships with more than 2,000 partner companies
Expansion of overseas business●Developed new potential demand in China and Southeast Asia
programmable controllers
servomotors
electric dischargemachines
robot
LED lighting electronic papers radiation cancer therapy device
fiber sensor
temperature controllers
microcomputers
Number of sales countries Accumulated sales
109
％ ％
Transition of Business Performance（Consolidated）
Industrial Equipment and Systems Semiconductors and DevicesSocial Infrastructure Information and Communications Equipment
2014.3 2015.3 2016.3 2017.3 2019.3（est.）
2018.3 2014.3 2015.3 2016.3 2017.3 2019.3（est.）
2018.3
2015.3 2016.3 2017.3 2018.32014.3 2019.3（est.）
2015.3 2016.3 2017.3 2018.32014.3 2019.3（est.）
Ratio of Operating Income to Net Sales Ratio of Ordinary Income to Net Sales
￥ million/% ￥ million/%
￥ million ￥
2014.3 2015.3 2016.3 2017.3 2018.3 2015.3 2016.3 2017.3 2018.32014.3 2019.3（est.）
2019.3（est.）
Net Income Net Income Per Share
Distribution of Sales by Region
Business Performance
Change in Performance by Segment
Distribution of Industry for Top 50 Customer Companies2018.3 2018.3
*1. The above figures have been rounded to the nearest million yen.
*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).
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 EquipmentSocial & Information andCommunications Business
Total
Segment Classification
2014.3 2015.3 2016.3 2017.3 2018.3 2019.3（est.）
2016.3 2017.3 2018.32015.32014.3 2019.3（est.）
Sales（￥ million）
Change fromPrevious Year（%）
Sales（￥ million）
Change fromPrevious Year（%）
Sales（￥ million）
Change fromPrevious Year（%）
Sales（￥ million）
Change fromPrevious Year（%）
Sales（￥ million）
Change fromPrevious Year（%）
Sales（￥ million）
Change fromPrevious Year（%）
￥ million ￥ million
Change in Sales by Business SegmentSales
Operating Income
Operating Income &Ratio of Operating Income to Net Sales
Ordinary Income
Ordinary Income &Ratio of Ordinary Income to Net Sales
26,508
17,144
43,652
16,443
12,306
28,749
72,402
+3.3
+19.6
+9.1
+54.3
+17.5
+36.1
+18.4
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
Medical relation 3.9％
72,402
2,071
（2.9）
2,137
（3.0）
1,268
（1.8）
86.18
14,714
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
83,000
3,470
（4.2）
3,490
（4.2）
2,350
（2.8）
159.70
14,714
37,800
19,000
56,800
16,800
9,400
26,200
83,000
+4.4
+0.7
+3.1
+32.3
+1.2
+19.2
+7.7
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
a o o O d a y co e o e Sa es4,000
3,500
3,000
2,500
2,000
1,500
1,000
500
0
1,9522,239
Op g S
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
1,268
80,000
60,000
40,000
20,000
0
83,000
1,389
1,818
2,346 2,350
79.1894.46
123.60
159.43 159.70
86.181 165194 46
5.00
4.00
3.00
2.00
1.00
0
5.00
4.00
3.00
2.00
1.00
0
2,137
72,402
17.0％
22.7％
23.7％
36.6％
2,071
2.9 2.7
2,570
3,387 3,4903,349
2,540
83,000
12.7％
19.8％
24.2％
43.3％
71,26777,062
15.1％
19.1％
26.3％
39.5％
69,35214.2％
18.3％
24.5％
43.0％
71,152
3,470
1,890
3.1
4.33.6
4.2
3.0 2.83.1
4.43.6
4.2
12.0％
16.5％
24.5％
47.0％
11.3％
20.2％
22.9％
45.5％
72,40269,352 71,26771,152
77,062
Construction 1.5％ Other 3.1％
Overseas8.2％
Other regions in Japan 1.2％
Kyushu 2.7％
Kyoto andShiga45.6％
Osaka and other Kinki25.0％
Kanto and Koshinetsu8.1％
Tokai and Hokuriku 9.3％
Electric andElectronics
58.8％Transportationand
Machinery19.2％
General Trading
5.6％Precise 7.8％
1211
％
％
Ma jo r Manage r i a l I ndexes（Conso l i da t ed）
Profitability Indexes
Return on Assets（ROA）Return on Equity（ROE）
2014.3 2015.3 2016.3 2018.32017.3 2014.3 2015.3 2016.3 2018.32017.3
Asset Related Indexes
￥ million/％ Net Assets Per ShareTotal Assets & Net Assets ￥
2014.3 2015.3 2016.3 2017.3 2018.3 2014.3 2015.3 2016.3 2017.3 2018.3*1. The equity ratio is shown in parentheses.
*2. The above figures have been rounded to the nearest million yen. *3. Net income per share is calculated by dividing net income by the average number of shares during the year (excluding treasury stock).
Efficiency and Safety Indexes
Total Capital to Debt RatioTotal Asset Turnover times
2014.3 2015.3 2016.3 2017.3 2018.3 2014.3 2015.3 2016.3 2017.3 2018.3
Note 1: "Interest bearing debt" is shown rounded off to the nearest million yen.Note 2: Total capital to debt ratio = interest-bearing debt / ((total assets at term-start + total assets at term-end) / 2 × 100)
Investment Value Indexes
Dividend Payout RatioDividends Per Share ￥
2014.3 2015.3 2016.3 2017.3 2018.3 2014.3 2015.3 2016.3 2017.3 2018.3
Net AssetsTotal Assets
2014.3 2015.3 2016.3 2017.3
40,478
19,052
47.1
1,294.81
40,220
20,887
51.9
1,418.23
40,246
21,636
53.8
1,470.41
43,594
23,395
53.7
1,589.92
2018.3
49,304
25,848
52.4
1,756.61
10.0
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0
％ ％
5.86.5
8.1
9.5
2.9
3.5
4.3
5.1
3.4
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
40,478
19,052（47.1％）
40,220
20,887（51.9％）
40,246
21,636（53.8％）
43,594
23,395（53.7％）
49,304
25,848（52.4％）
1,294.811,418.23 1,470.41
1,589.921,756.61
2014.3 2015.3 2016.3 2017.3 2018.3
6.9
3.4
5.8
2.9
6.5
3.5
8.1
4.3
9.5
5.1
6.9
Return on Equity 〈ROE〉
Return on Assets 〈ROA〉
（％）
（％）
Total Assets
Net Assets
Capital Adequacy Ratio
Net Assets Per Share
（￥ million）
（￥ million）
（％）
（￥）
2014.3 2015.3 2016.3 2017.3
18.5
272
21.5
8.9
1.4
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
2018.3
40.0
588
25.1
10.8
2.3
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
5.4 5.3
3.9 3.5
5.4
1.951.77 1.70 1.66
1.72
50.0
40.0
30.0
20.0
10.0
0
18.5
26.0
35.0
40.0
23.0
21.5
27.5 28.3
25.1
29.0
2014.3 2015.3 2016.3 2017.3
1.95
2,183
5.4
1.72
2,168
5.4
1.77
2,121
5.3
1.70
1,703
3.9
2018.3
1.66
1,720
3.5
（¥ 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）
40.0
30.0
20.0
10.0
0
5.0
4.0
3.0
2.0
1.0
0
Amount CompositionAmount CompositionAmount Composition
FY2015Apr. 1, 2015 - Mar. 31, 2016
FY2016Apr. 1, 2016 - Mar. 31, 2017
FY2017Apr. 1, 2017 - Mar. 31, 2018
Consolidated Balance Sheets
80.5%
7.3%
0.2%
11.9%
19.5%
100.0%
80.8%
8.2%
0.2%
10.9%
19.2%
100.0%
Assets
Current assets
Cash and deposits
Notes and accounts receivable-trade
Electronically recorded monetary claims
Marketable Securities
Merchandise
Work in progress
Deferred taxes-current
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
4,400
21,392
1,438
15
4,263
11
337
663
△15
32,507
1,323
1,833
129
3,286
46
34
81
3,411
73
901
△14
4,371
7,739
40,246
3,930
21,803
3,609
51
4,560
47
356
771
△16
35,114
1,256
1,833
108
3,197
74
31
105
4,195
78
915
△14
5,175
8,479
43,594
1413
Conso l i da t ed F i nanc i a l S t a t emen t s
￥ millionConsolidated Balance Sheets ￥ million
Amount CompositionAmount CompositionAmount Composition
FY2015As of Mar. 31, 2016
FY2016As of Mar. 31, 2017
Consolidated Balance Sheets
43.1%
3.2%
46.2%
52.8%
1.0%
53.8%
100.0%
42.8%
3.6%
46.3%
51.9%
1.8%
53.7%
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
11,519
1,123
2,021
100
883
607
92
658
326
17,333
-
123
403
7
16
673
-
34
18
1,276
18,610
2,554
3,133
15,574
△23
21,239
1,422
△1,135
160
△49
397
21,636
40,246
13,557
812
1,603
-
993
607
156
615
296
18,643
100
115
612
7
20
640
-
34
23
1,554
20,198
2,554
3,133
16,966
△23
22,631
1,840
△1,135
73
△14
763
23,395
43,594
81.3%
6.3%
0.2%
12.3%
18.7%
100.0%
6,747
21,952
4,779
10
5,306
75
382
820
△4
40,070
1,158
1,833
99
3,091
63
21
85
5,134
96
833
△7
6,057
9,234
49,304
43.9%
3.6%
47.6%
49.5%
2.9%
52.4%
100.0%
11,308
1,124
1,620
100
1,041
786
4,572
720
383
21,659
-
102
869
7
20
592
157
30
15
1,796
23,456
2,554
3,133
18,753
△23
24,418
2,496
△1,135
92
△23
1,429
25,848
49,304
FY2017As of Mar. 31, 2018
1615
￥ millionConsolidated Statements of Income
Amount CompositionAmount CompositionAmount Composition
FY2015Apr. 1, 2015 - Mar. 31, 2016
FY2016Apr. 1, 2016 - Mar. 31, 2017
FY2017Apr. 1, 2017 - Mar. 31, 2018
Conso l i da t ed F i nanc i a l S t a t emen t s
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
Foreign exchange loss (gain)
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
Decrease (increase) in other assets
Increase (decrease) in other liabilities
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
Payment for loans
Proceeds from collection of loans receivable
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
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
￥ millionConsolidated Statements of Cash Flows
AmountAmountAmount
FY2015Apr. 1, 2015 - Mar. 31, 2016
FY2016Apr. 1, 2016 - Mar. 31, 2017
FY2017Apr. 1, 2017 - Mar. 31, 2018
2,223
214
5
△95
53
△27
13
-
△56
16
8
-
10
△234
37
△1,022
△23
53
95
135
1,408
54
△16
△587
859
△10
-
15
△108
△26
△58
-
△2
1
△188
△41
-
-
△382
△18
△442
△59
168
4,149
4,318
2,731
191
9
4
△42
0
19
-
△58
12
11
△172
1
△2,645
△376
1,752
110
64
△161
8
1,459
59
△11
△969
538
△30
△30
15
△67
△55
△336
306
△1
1
△197
△386
100
△100
△426
-
△813
△27
△500
4,318
3,818
100.0％
87.3％
12.7％
9.6％
3.1％
0.2％
0.2％
3.1％
0.0％
3.1％
1.2％
2.0％
100.0％
86.4％
13.6％
10.0％
3.6％
0.2％
0.2％
3.6％
0.2％
3.8％
1.3％
2.6％
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
71,152
62,134
9,018
6,811
2,206
168
9
47
26
61
24
135
16
62
30
21
4
2,239
-
-
16
10
5
-
2,223
881
△47
833
1,389
1,389
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
3,440
182
30
0
105
△18
△60
157
△67
10
4
△244
3
△1,306
△769
△1,952
30
4,415
△7
77
4,032
67
△10
△987
3,101
△20
-
39
△38
△14
△29
266
△0
1
203
20
-
-
△559
-
△538
31
2,797
3,818
6,615
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
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
Payments from changes in ownership interests in subsidiariesthat do not result in change in scope of consolidation
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 Branch
Osaka Branch
Fujitelecoms Co., Ltd.Wholesale and sales of mobile phones, etc.
Kyushu BranchShiga Branch
Nagoya Branch
Kofu Sales Office
Tokyo Branch
Takebishi Electric SaleshiShanghai LimitedS a
Takebishi Electric SalesTa ebHong Kong Limited
enzhenShenz OfficeO
BISHI（THAILAND）CO.,LTD.TAKEB
Network
C
Netherlands
TAKEBISHI EUROPE B.V.
Head Office（Kyoto）
Company Information
Ou t l i n eTAKEBISHI 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 shares
Number of shares issued : 14,798,600 shares
March 31 (once a year)
Employees Consolidated: 577 Nonconsolidated: 368Total workforce Consolidated: 695 Nonconsolidated: 395*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, 2018)
SCREEN Holdings Co., Ltd.
Murata Manufacturing Co, Ltd.
Panasonic Smart Factory Solutions Co., Ltd.
Ishida Co., Ltd.
Mitsubishi Motors Corporation
Nissin Electric Co., Ltd.
Canon Machinery Inc.
HORIBA, Ltd.
GS Yuasa Corporation
Panasonic Corporation
Kinden Corporation
Takenaka Corporation
Shimizu Corporation
Kansai Electric Power Co., Inc.
Omron Corporation
Murata Machinery, Ltd.
KYOCERA Corporation
Shimadzu Corporation
Mitsubishi Electric Corporation
Nippon Electric Glass Co., Ltd.
Logitec INA Solutions
Nidec Corporation
Sumitomo Electric Industries, Ltd.
Mitsubishi Heavy Industries, Ltd.
ROHM Co., Ltd.
Obayashi Corporation
Takasago Thermal Engineering Co., Ltd.
Government and other public offices
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 Officer
Director & 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
Hiroshi Hiraide
Akira Matsuki
Yutaka Hirose
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.
Oct.
Apr.
Jan.
J u l .
Jan.
Dec.
Jun.
Aug.
Corporate Name:
Head Office:
Established:
Purposes:
Paid-in Capital:
Shares:
Fiscal Year End:
Workforce:
Main Banks:
Certifications:
2018.SepHead Office: 29, Mameda-cho, Nishi-kyogoku, Ukyo-ku, Kyoto 615-8501, Japan
Phone: +81-75-325-2111 Fax: +81-75-325-2250
I am using the vegetable oil ink which considered environment.
Securities Code： 7510
Total Solut ions That Create New Excitement and Surprises