Mitsui Matsushima : Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2024 (Japanese GAAP)

Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending

March 31, 2024 (Japanese GAAP)

				August 10, 2023
Company name:	Mitsui Matsushima Holdings Co., Ltd.	Listed on the TSE/FSE
Stock code:	1518	URL https://www.mitsui-matsushima.co.jp/
Representative: Taishi Yoshioka, Representative Director and President
Contact:	Satoru Eikawa, Executive Officer, General Manager of	(TEL) 81-92-771-2171
Accounting Department
Filing date of quarterly report: August 10, 2023	Expected date of dividend payment:	-
Supplementary materials for quarterly results:	Yes (Presentation of Financial Results for the First
		Quarter Ended June 2023)
Quarterly Financial Results Explanation Meeting:	None
		(Note: Figures are rounded down to the nearest million yen.)

1. Consolidated financial results for the first three months of the fiscal year ending March 2024 (April 1, 2023, through June 30, 2023)

1. Consolidated results of operations (YTD) (%: Change from the same period of the previous fiscal year)

	Net sales		Operating profit	Ordinary profit	Net profit attributable
		to owners of parent
	million yen		%	million yen	%	million yen	%	million yen	%
1Q FY2023	22,806		60.6	9,890	182.9	10,302	194.6	7,082	207.5
1Q FY2022	14,197		33.7	3,495	234.6	3,496	191.3	2,303	170.1

(Note) Comprehensive income 1Q FY2023 6,335 million yen (77.1%)	1Q FY2022 3,576 million yen (161.6%)
	Net profit per	Diluted net profit
	share	per share
	yen sen	yen sen
1Q FY2023	547.48	-
1Q FY2022	177.17	-

(2) Consolidated financial position

	Total assets	Net assets	Shareholders' equity
		ratio
		million yen	million yen		%
1Q FY2023		94,376	57,012		60.3
FY2022		95,025	56,602		58.7
(Reference)
Shareholders' equity 1Q FY2023	56,883 million yen FY2022	55,778 million yen

2. Dividends

				Annual dividend per share
			End of 1Q	End of 2Q	End of 3Q	Year-end		Total
			yen sen	yen sen	yen sen	yen sen		yen sen
FY2022		-	80.00	-	240.00		320.00
FY2023		-
FY2023 (forecast)			40.00	-	40.00		80.00
(Note)	Revisions to dividend forecast for the current quarter: None
(Note)	Breakdown of dividends for FY2022
	End of 2Q: Ordinary dividend:	40.00 yen; Commemorative dividend: 40.00 yen
	Year end:	Ordinary dividend:	40.00 yen; Commemorative dividend: 200.00 yen

3. Forecast of consolidated financial results for the fiscal year ending March 2024 (April 1, 2023 through March 31, 2024)

(%: Change from the previous fiscal year)

							Net profit	Net profit per
	Net sales	Operating profit	Ordinary profit	attributable to
	share
							owners of parent
	million		million		million		million
	yen	%	yen	%	yen	%	yen	%	yen sen
Full-year	66,000	(17.5)	16,000	-55.3	17,000	(52.7)	11,000	(52.1)	846.57
(Note) Revisions to financial forecast for the current quarter:	None

: None

: None

: None

: None

*Notes

(1) Material changes in subsidiaries during the period

: None

(changes in the number of specified subsidiaries accompanying a change in the scope of consolidation)

Newly included subsidiaries: -; Excluded: -

(2) Application of specific accounting procedures for the preparation of the	: None
quarterly consolidated financial statements

(3) Changes in accounting principles, changes in accounting estimates and restatements 1) Changes in accounting principles due to revision of accounting

standards

2) Changes in accounting principles due to reasons other than 1)

3) Changes in accounting estimates

4) Restatements

(4) Number of issued shares outstanding (common stocks)

1)	Total number of issued shares at the
	end of the period (treasury stocks	1Q FY2023	13,064,400	FY2022	13,064,400
	included)
2)	Number of treasury stocks at the end of	1Q FY2023	232,903	FY2022	70,737
	the period
3)	Average number of shares during the
	period (cumulative from the start of the	1Q FY2023	12,937,347	1Q FY2022	13,001,647
	fiscal year)

(Note) The number of treasury stocks to be deducted for calculating the number of treasury stocks at the end of the period includes the Company's stocks held by the Board Benefit Trust (BBT) (1Q FY2023: 70,000 shares; FY2022: 70,000 shares).

The number of treasury stocks to be deducted for calculating the average number of shares during the period (cumulative total) includes the Company's stocks held by the BBT (1Q FY2023: 70,000 shares; 1Q FY2022: 62,150 shares).

• Quarterlyfirms. summary reports are exempt from the quarterly review by certified public accountants or audit
• Explanation regarding the appropriate use of earnings forecasts and other important matters

The forward-looking statements concerning future performance included in this report are based on the information available at the time of this report and certain assumptions we deemed reasonable. Therefore, actual results may differ significantly from these forward-looking statements due to various factors. For notes regarding the conditions that serve as assumptions for the earnings forecast and the use of the earnings forecast, please refer to "(3) Explanation Regarding the Consolidated Earnings Forecast and Other Information on Future Projections" on page 3 of the appended material.