高島（8007） – [Delayed]Summary of Consolidated Financial Results for the Year Ended March 31, 2022

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 Consolidated Financial Results for the Year Ended March 31, 2022 (Based on Japanese GAAP) Company name: Stock exchange listing: Tokyo Takashima & Co.,LTD. Stock code: Representative: 8007 President URL http://www.tak.co.jp/ Inquiries: Scheduled date of ordinary general meeting of shareholders: Accounting Unit Manager Scheduled date to file Securities Report: Scheduled date to commence dividend payments: Koichi Takashima Koki Sakai June 23, 2022 June 24, 2022 June 7, 2022 May 11, 2022TEL +81-3-5217-7297 Preparation of supplementary material on financial results: Holding of financial results meeting: 1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022) No Yes (for institutional investors, analysts and the press) (Amounts less than one million yen are rounded down)(1) Consolidated operating results Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Year ended March 31, 2022 Year ended March 31, 2021 Millions of yen 74,054 80,625 % Millions of yen 1,547 1,395 (8.1)(9.2)% Millions of yen 1,840 1,513 10.9 (18.6)% Millions of yen 1,296 1,000 21.6 (15.2) % 29.6 (19.2)Earnings per share Diluted earnings per share Ordinary profit/total assets Operating profit/net sales Profit attributable to owners of parent/equity Yen 288.16 222.13 Yen – – % 7.2 5.9 % 4.2 3.5 Total assets Net assets Equity ratio Net assets per share Millions of yen 45,176 42,121 Millions of yen 18,477 17,454 % 40.9 41.4 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at end of period Millions of yen (389)3,563 Millions of yen (654)(98)Millions of yen 2,305 (1,947)Millions of yen 7,301 5,880 % 2.1 1.7 Yen 4,129.61 3,872.19 Annual dividends per share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total Total cash dividends (Total) Dividend payout ratio (Consolidated) Ratio of dividends to net assets (Consolidated) Yen – – – Yen 0.00 0.00 70.00 Yen – – – Yen 60.00 130.00 60.00 130.00 70.00 140.00 270 581 % 27.0 45.1 45.0 Yen Millions of yen % 1.6 3.2 Year ended March 31, 2022 Year ended March 31, 2021 (2) Consolidated financial position As of March 31, 2022 As of March 31, 2021 (3) Consolidated cash flows Year ended March 31, 2022 Year ended March 31, 2021 2. Cash dividends Year ended March 31, 2021 Year ended March 31, 2022 Year ending March 31, 2023 (Forecast) 13. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023) Net sales Operating profit Ordinary profit Percentages indicate year-on-year changesProfit attributable to owners of parent Earnings per share Full year Millions of yen 82,000 % Millions of yen 1,800 10.7 % Millions of yen 1,900 16.3 % Millions of yen 1,400 3.2 % 8.0 Yen 311.17 4. Notes (1) Changes in significant subsidiaries during the year ended March 31, 2022 (changes in specified subsidiaries resulting in the change in scope of consolidation): (2) 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: Changes in accounting estimates: Restatement of prior period financial statements: No Yes No No No (3) Number of issued shares (common shares) Total number of issued shares at the end of the period (including treasury shares) As of March 31, 2022 4,500,973 shares As of March 31, 2021 4,546,173 shares As of March 31, 2022 26,677 shares As of March 31, 2021 38,601 shares Year ended March 31, 2022 4,499,142 shares Year ended March 31, 2021 4,503,716 shares Number of treasury shares at the end of the period Average number of shares during the period 2Consolidated financial statements Consolidated balance sheets Assets Current assets As of March 31, 2021 As of March 31, 2022 (Millions of yen) recorded monetary claims – Cash and deposits Notes and accounts receivable – trade Notes receivable – trade Accounts receivable – trade Electronically operating Contract assets Merchandise and finished goods Work in process Raw materials and supplies Costs on uncompleted construction contracts Advance payments to suppliers Prepaid expenses Accounts receivable – other Other Allowance for doubtful accounts Total current assets Non-current assets Property, plant and equipment Buildings and structures Accumulated depreciation Buildings and structures, net Machinery, equipment and vehicles Accumulated depreciation Machinery, equipment and vehicles, net Tools, furniture and fixtures Accumulated depreciation Tools, furniture and fixtures, net Land Leased assets Accumulated depreciation Leased assets, net Construction in progress Total property, plant and equipment Intangible assets Investments and other assets Investment securities Long-term loans receivable Account receievable-longterm Retirement benefit asset Deferred tax assets Other Allowance for doubtful accounts Total investments and other assets Total non-current assets Total assets 3 5,882 21,760 – – – – 2,968 151 653 665 100 83 99 124 (74) 32,415 4,377 (2,710) 1,666 2,245 (1,885) 359 1,053 (961) 92 2,194 60 (56) 4 8 4,326 140 3,245 42 119 316 106 1,559 (151) 5,238 9,706 42,121 7,305 – 5,071 12,413 4,230 576 4,091 118 1,215 7 33 79 254 73 (47) 35,423 4,328 (2,855) 1,473 2,371 (1,934) 437 1,092 (979) 112 2,194 89 (58) 31 2 4,252 514 2,992 49 139 298 126 1,556 (176) 4,986 9,753 45,176 As of March 31, 2021 As of March 31, 2022 (Millions of yen) Liabilities Current liabilities Notes and accounts payable – trade Short-term borrowings Contract liabilities Current portion of long-term borrowings Accrued expenses Income taxes payable Advances received Accrued consumption taxes Provision for bonuses Provision for bonuses for directors (and other officers) Other Total current liabilities Non-current liabilities Long-term borrowings Deferred tax liabilities Deferred tax liabilities for land revaluation Retirement benefit liability Other Total non-current liabilities Total liabilities Net assets Shareholders’ equity Share capital Capital surplus Retained earnings Treasury shares Total shareholders’ equity available-for-sale on Accumulated other comprehensive income difference Valuation securities Revaluation reserve for land Foreign currency translation adjustment Remeasurements of defined benefit plans Total accumulated other comprehensive income Total net assets Total liabilities and net assets 18,430 615 – 261 594 290 – 208 323 23 847 21,595 600 454 204 69 1,743 3,072 24,667 3,801 1,822 10,685 (76) 16,233 897 417 (189) 95 1,221 17,454 42,121 17,988 686 322 240 591 384 12 86 427 35 248 21,024 3,360 291 204 68 1,751 5,675 26,699 3,801 1,725 11,792 (56) 17,262 738 417 36 21 1,214 18,477 45,176 4Consolidated statements of income and consolidated statements of comprehensive income Consolidated statements of income (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 80,625 72,786 7,838 274 206 2,996 324 24 55 582 210 191 407 1,170 6,443 1,395 40 111 – 12 70 88 323 29 89 3 16 32 26 7 205 1,513 60 – 21 93 175 74,054 65,725 8,328 331 213 3,002 427 35 41 616 246 199 395 1,269 6,780 1,547 42 116 69 – 50 77 356 24 – 10 – 23 – 4 63 1,840 – 26 – 29 55 Net sales Cost of sales Gross profit Selling, general and administrative expenses Packing and transportation costs Advertising expenses Employees’ salaries and allowances Provision for bonuses Provision for bonuses for directors (and other officers) Retirement benefit expenses Welfare expenses Travel and transportation expenses Depreciation Rent expenses Other Total selling, general and administrative expenses Operating profit Non-operating income Interest income Dividend income Foreign exchange gains Reversal of allowance for doubtful accounts Subsidy income Miscellaneous income Total non-operating income Non-operating expenses Interest expenses Foreign exchange losses Share of loss of entities accounted for using equity method Loss on retirement of non-current assets Allowance for Absence from work Loss on termination of performance-linked stock-based compensation plan Miscellaneous expenses Total non-operating expenses Ordinary profit Extraordinary income Gain on sale of non-current assets Gain on sale of investment securities Surrender value of insurance policies Gain on insurance claims Total extraordinary income 5 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Extraordinary losses Loss on sale of shares of subsidiaries and associates Impairment losses Other Total extraordinary losses Profit before income taxes Income taxes – current Income taxes – deferred Total income taxes Profit Profit attributable to owners of parent 41 124 11 177 1,511 542 (31) 511 1,000 1,000 – 70 – 70 1,826 645 (115) 529 1,296 1,296 6Consolidated statements of comprehensive income Profit Other comprehensive income Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans, net of tax Total other comprehensive income Comprehensive income Comprehensive income attributable to Comprehensive income attributable to owners of parent (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 1,000 409 (142) 89 357 1,357 1,357 1,296 (158) 225 (73) (6) 1,290 1,290 7 (1) 27 28 54 (76) (361) 1,000 (1) 23 28 185 876 16,233 Consolidated statements of changes in equity Fiscal year ended March 31, 2021 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 3,801 1,825 9,860 (131) 15,356 Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Cancellation of treasury shares Reversal of reserve for land revaluation Net changes in items other than shareholders’ equity Total changes during period Balance at end of period – 3,801 (3) 1,822 Accumulated other comprehensive income Valuation difference on Revaluation available-for-sale securities reserve for land Foreign currency translation adjustment of defined benefit plans Total other comprehensive income Remeasurements accumulated Total net assets Balance at beginning of period 487 603 (46) 5 1,049 16,406 Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Cancellation of treasury shares Reversal of reserve for land revaluation Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (185) (185) 417 (142) (142) (189) 409 409 897 171 171 1,221 (361) 1,000 (1) 23 28 185 171 1,048 17,454 (361) 1,000 185 824 10,685 89 89 95 (3) 8 Fiscal year ended March 31, 2022 Share capital Capital surplus Retained earnings Treasury shares Shareholders’ equity (Millions of yen) Total shareholders’ equity Balance at beginning of period 3,801 1,822 3,801 1,822 10,685 81 10,766 (270) 1,296 (76) (76) (101) 25 96 19 (56) 16,233 81 16,314 (270) 1,296 (101) 23 – 948 17,262 81 (270) 1,296 (101) 23 – (6) 941 18,477 – 3,801 (97) 1,725 1,026 11,792 Accumulated other comprehensive income Valuation difference on Revaluation available-for-sale securities reserve for land Foreign currency translation adjustment of defined benefit plans Total other comprehensive income Remeasurements accumulated Total net assets Balance at beginning of period 897 417 (189) 95 1,221 17,454 897 417 (189) 95 1,221 17,535 Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Cancellation of treasury shares Reversal of reserve for land revaluation Net changes in items other than shareholders’ equity Total changes during period Balance at end of period Cumulative effects of changes in accounting policies Restated balance Changes during period Dividends of surplus Profit attributable to owners of parent Purchase of treasury shares Disposal of treasury shares Cancellation of treasury shares Reversal of revaluation reserve for land Net changes in items other than shareholders’ equity Total changes during period Balance at end of period (158) (158) 738 (1) (96) 9225 225 36 (73) (73) 21 (6) (6) 1,214 – 417 Consolidated statements of cash flows (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Cash flows from operating activities Profit before income taxes Depreciation Impairment losses Loss (gain) on sale of investment securities Loss (gain) on sale of shares of subsidiaries and associates Gain on insurance claims Surrender value of insurance policies Increase (decrease) in allowance for doubtful accounts Increase (decrease) in provision for bonuses Increase (decrease) in retirement benefit asset or liability Increase (decrease) in provision for bonuses for directors (and other officers) Interest and dividend income Interest expenses Decrease (increase) in trade receivables Decrease (increase) in inventories Increase (decrease) in trade payables Increase (decrease) in advances received Decrease (increase) in accounts receivable – other Increase (decrease) in accrued consumption taxes Increase (decrease) in accounts payable – other, and accrued expenses Other, net Subtotal Interest and dividends received Interest paid Income taxes paid Proceeds from insurance income Subsidies received Extra retirement payments Net cash provided by (used in) operating activities 1,511 400 124 – 41 (93) (21) (13) (72) (79) (11) (151) 29 2,573 254 (1,262) 332 37 76 27 (95) 3,609 151 (29) (488) 316 5 – 3,563 1,826 391 70 (26) – (29) – (7) 100 (88) 11 (158) 24 362 (1,588) (535) (359) (150) (120) 17 281 21 158 (24) (562) 29 – (11) (389) 10 (Millions of yen) Fiscal year ended March 31, 2021 Fiscal year ended March 31, 2022 Cash flows from investing activities Payments into time deposits Proceeds from withdrawal of time deposits Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Purchase of intangible assets Purchase of investment securities Proceeds from sale of investment securities Payments for sale of shares of subsidiaries and associates scope of consolidation Loan advances Proceeds from collection of loans receivable Proceeds from cancellation of insurance funds Other, net Net cash provided by (used in) investing activities in change resulting in Cash flows from financing activities Net increase (decrease) in short-term borrowings Repayments of long-term borrowings Proceeds from long-term borrowings Purchase of treasury shares Dividends paid Other, net Net cash provided by (used in) financing activities Effect of exchange rate change on cash and cash equivalents Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period – 36 (990) 917 (83) (7) 0 (9) (3) 2 40 0 (98) (1,197) (300) – – (360) (88) (1,947) (53) 1,464 4,416 5,880 (1) – (278) 0 (389) (5) 45 – (11) 3 – (17) (654) 35 (261) 3,000 (101) (271) (95) 2,305 159 1,421 5,880 7,301 11