MTI : Summary of Financial Results for Q3 FY2023

UNOFFICIAL TRANSLATION

The formal official document is in Japanese

Summary of Consolidated Financial Results for the First Three Quarters of

Fiscal Year ending September 30, 2023 (Japanese Accounting Standards)

				August 8, 2023
Listed Company Name: MTI Ltd.	Listing Exchanges:	Tokyo Stock Exchange
Securities Code	9438	URL	https://ir.mti.co.jp/eng/
Representative:	Toshihiro Maeta, President and Chief Executive Officer
Contact:	Hiroshi Matsumoto, Senior Managing Director			Phone: [phone]

Scheduled date to submit the Quarterly Securities Report (Shihanki Houkokusho): August 14, 2023

Scheduled date of dividend payment: -

Supplementary documents for quarterly results: Yes

Quarterly results briefing: Yes (for securities analysts and institutional investors(On-demand))

(Figures less than one millions of yen are omitted)

1. Consolidated business results for the nine months ended June 30, 2023 (October 1, 2022- June 30, 2023)

(1) Consolidated operating results (cumulative total)

(Percentages represent year-on-year changes)

Net sales

Operating income

Ordinary income

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

First three quarters of fiscal year

20,113

3.9

(17)

－

151

72.4

495

－

ending September 30, 2023

First three quarters of fiscal year

19,354

(0.8)

422

(76.5)

87

(93.1)

(88)

－

ended September 30, 2022

(Note) Comprehensive income

Nine months ended June 30, 2023: 469 millions of yen (－%)

Nine months ended June 30, 2022: (273) millions of yen (－%)

Net income

Net income

per share

per share/diluted

Yen

Yen

First three quarters of fiscal year

9.03

－

ending September 30, 2023

First three quarters of fiscal year

(1.62)

－

ended September 30, 2022

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2023

29,480

17,515

46.9

As of September 30, 2022

29,265

17,877

48.1

(Reference) Shareholders' equity:

As of June 30, 2023: 13,837 millions of yen

As of September 30, 2022: 14,065 millions of yen

2. Dividends

			Dividend per share
	End of first	End of second	End of third		Year end	Annual
	quarter	quarter	quarter
	Yen	Yen	Yen		Yen	Yen
Fiscal year ended September 30, 2022	－	8.00	－		8.00	16.00
Fiscal year ending September 30, 2023	－	8.00	－
Fiscal year ending					8.00	16.00
September 30, 2023(forecast)
(Note) Revisions to dividend forecasts published most recently: No

3. Forecast for consolidated business results for the fiscal year ending September 30, 2023 (October 1, 2022 - September 30, 2023)

(Percentages represent year-on-year changes.)

Net sales

Operating income

Ordinary income

Profit attributable to

Net income

owners of parent

per share

Millions of yen

%

Millions of yen

%

Millions of yen

%

Millions of yen

%

Yen

Full year

26,800

1.2

200

(77.0)

400

(17.7)

460

－

8.39

(Note) Revisions to forecasts for consolidated business results published most recently: No

* Note:

(1) Important changes of subsidiaries during the term

(changes in specified subsidiaries resulting in change in scope of consolidation): Not applicable

New: -

Exception: -

1. Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: Not applicable
2. Changes in accounting policies and changes or restatement of accounting estimates

(i)	Changes in accounting policies due to the modification in accounting methods:	Not applicable
(ii)	Changes in accounting policies other than (i):	Not applicable
(iii)	Changes in accounting estimates:	Not applicable
(iv)	Restatement:	Not applicable

1. Number of outstanding shares (common shares)

1. Number of shares outstanding at the end of period (including treasury shares):

6/23:	61,263,000 shares	9/22:	61,263,000 shares
(ii) Number of treasury shares at the end of period
6/23:	6,405,973 shares	9/22:	6,450,273 shares
(iii) Average number of shares during the period (quarterly consolidated cumulative period)
Nine months ended 6/23: 54,833,564 shares	Nine months ended 6/22 54,774,419 shares

* Status of a quarterly review

This earnings release is not subject to an audit.

* Cautionary statement with respect to forward-looking statements

The forward-looking statements included in this material are based on the Company's judgments, assumptions, and convictions based on information available to the Company at the time of publication of this document and may differ materially from actual results for a range of factors, including conditions of Japanese and overseas economies, changes in the situation of operations in Japan and overseas, and uncertainties and potential risks inherent in forward-looking statements. The risks and uncertainties include unforeseeable effects of future events. The information on consolidated earnings forecasts and other future forecasts on page 4 of the Accompanying Materials describes notes on the assumptions of the earnings forecasts and the use of the earnings forecasts.

A video (Japanese) of the briefing on earnings for the first three quarters for securities analysts and institutional investors will be made available on demand on the Company's website.