MEISEI INDUSTRIAL : Results of Operations For FY 2023

Results of Operations for the

Fiscal Year Ended March 31, 2023

(FY3/23)

May 17, 2023

MEISEI INDUSTRIAL CO., LTD.

Contents

I.	Summary of the FY3/23 Results of Operations	P.2
II.	Progress of the Medium-term Management Plan
	(Announced on May 7, 2021)	P.8
III.	FY3/24 Forecast	P.14
IV.	Appendix	P.18

1

1. Summary of the FY3/23 Results of Operations

2

Consolidated Statements of Income

• Sales and earnings increased. The main reasons were steady progress in maintenance work and large-scale construction projects in the construction business as well as progress in large construction projects in the boiler business.
  Achieved the order received target despite a challenging order environment.

								(Millions of yen)
	FY3/22		FY3/23			Change
	Results		Forecast*1		Results		YoY	Vs. forecast
Net sales	48,389		52,000		55,890		7,501	3,890
Gross profit	9,925		10,200		11,580		1,655	1,380
Operating profit	5,339		5,400		6,830		1,490	1,430
Ordinary profit	5,641		5,500		7,258		1,616	1,758
Profit attributable to	3,793		3,650		4,680		886	1,030
owners of parent
Orders	53,921		53,000		60,209		6,288	7,209
Balance of Order	21,363		22,363		25,682		4,318	3,319
			* Announced on May	10, 2022

3

Segment Information (Construction Business)

• Achieved higher sales and earnings in the fiscal year ended March 2023 as maintenance work volume in Japan recovered from the off-season period in the previous fiscal year and large-scale construction and other projects progressed steadily. Orders and the balance of order also increased due to large thermal insulation projects related to biomass power generation and other projects.

Japan Overseas

Net Sales

Operating Profit

Orders

Balance of Order

4