May 7, 2024
For Immediate Release:
MTI Ltd.
Representative: Toshihiro Maeta,President and Chief Executive Officer
Listing: TSE Prime [9438]
Contact: Hiroshi Matsumoto,Senior Managing Director
Tel: +81-3-5333-6323

Notice of Revision of First Half (cumulative) and Full Year Consolidated Results Forecasts
MTI Ltd. (hereinafter the “Company”) announces that the Company will revise the consolidated results forecasts
for the first half and full year of the fiscal year ending September 30, 2024,which were announced on February 9,2024. Detail are as follows.
1. Correction details(1) Revision of the consolidated financial forecast for the first half of the fiscal year ending
September 30, 2024
(October 1, 2023 – March 31, 2024)
ProfitOperatingOrdinary
Net sales
attributable toincome
incomeowners of parent
Millions
ofyen
Millions
ofyen
Millions
ofyen
Millions of yen
Previous announced
13,000
600
1,000
1,240
forecast (A)Net
incomeper share
Yen

22.60

Current announced
forecast (B)13,517

1,052

1,518

1,683

Differences（B-A）+517+452+518+443

Differences（%）(Reference) Previous period
first half results(For the first half of the fiscal
year ended September 30,2023)

+4.0

+75.3

+51.8

+35.7

13,631(18)

187(326)(5.95)(2) Revision of the consolidated financial forecast for the full fiscal year ending September 30, 2024
(October 1, 2023 – September 30, 2024)
ProfitOperating
Ordinary
Net sales
attributable toincomeincomeowners of parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Previous announced
27,000
1,000
1,400
1,340
forecast (A)Net
incomeper share

Current announced
forecast (B)27,000

1,800

2,250

1,750

Differences（B-A）−+800+850+410

Differences（%）(Reference) Previous periodresults(For the fiscal year ended
September 30, 2023)−+80.0

+60.7

+30.6

26,798298458753

130.68

Yen

24.43
31.90

13.73

2. Reasons for the revisions
The second quarter (cumulative) sales are expected to exceed the previous forecast due to increased sales
in the healthcare business and corporate DX support business, among others. Consequently, operating profit,
ordinary profit, and profit attributable to owners of parent are expected to significantly exceed the previousforecast.
While the full-year sales forecast remains unchanged, we will revise upwards our forecasts for operating
income, ordinary income, and profit attributable to owners of parent. This decision is based on the significant
outperformance of the second quarter (cumulative) and the steady expansion of the number of schools
introducing our school DX business.
＜Points to consider concerning forecasts＞
Matters stated in this material concerning results forecasts are based on assessments, assumptions andconvictions derived from information available to the Company at the time when this material is published.
They may differ significantly from actual results due to a variety of factors, including future economic
conditions in Japan and overseas, changes in conditions for business operations in Japan and overseas, oruncertain factors and potential risks inherent in forecasts. Those risks and uncertain factors include
unpredictable effects on results that may arise from future events.

Note: This document has been translated from a part of the Japanese original for reference purposes only. In
the event of any discrepancy between this translated document and the Japanese original, the original shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.

Contact information for inquiries
Investor Relations OfficeE-mail: ir@mti.co.jp URL： https://ir.mti.co.jp/eng/

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