UNOFFICIAL TRANSLATION
The formal official document is in Japanese

Summary of Consolidated Financial Results for the First Quarter ofFiscal Year Ending September 30, 2022 (Japanese Accounting Standards)
February 9, 2022
Listed Company Name: MTI Ltd.
Listing Exchanges: Tokyo Stock Exchange
Securities Code:9438
URL: https://www.mti.co.jp/eng
Representative:
Toshihiro Maeta, President and Chief Executive Officer
Contact:
Hiroshi Matsumoto, Senior Managing Director
Phone: +81-3-5333-6323
Scheduled date to submit the Quarterly Securities Report (Shihanki Houkokusho): February 15, 2022
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 three months ended December 31, 2021
(October 1, 2021– December 31, 2021)(Percentages represent year-on-year changes)(1) Consolidated operating results (cumulative total)
Net sales

Operating income

Millions of yen

First quarter of fiscal year ending
September 30, 2022
First quarter of fiscal year ended
September 30, 2021
(Note) Comprehensive income:% Millions of yen

6,551

3.9% Millions of yen

395(20.2)

%

14.7

6,304
3.0553
(5.5)
495
22.4
220
Three months ended December 31, 2021: 175 millions of yen 20.9%
Three months ended December 31, 2020: 145 millions of yen (38.4)%(4.7)

First quarter of fiscal year ending
September 30, 2022
First quarter of fiscal year ended
September 30, 2021

(18.5)% Millions of yen

252

Net income
per share451

Profit attributable toowners of parent

Ordinary income

Net income
per share/diluted
Yen

Yen

4.62

4.62

4.04

4.01

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

As of December 31, 2021
As of September 30, 2021
(Reference) Shareholders’ equity:

Equity ratio

Millions of yen%

29,612
19,37331,90821,243As of December 31, 2021: 15,485 millions of yen
As of September 30, 2021: 17,426 millions of yen

52.3
54.6

2. Dividends
End of firstquarter
Fiscal year ended
September 30, 2021
Fiscal year ending
September 30, 2022
Fiscal year ending
September 30, 2022 (forecast)

Dividend per share
End of thirdquarterEnd of secondquarter

Year end

AnnualYen

YenYen

Yen

Yen–

8.00

–

8.00

16.00

8.00

–

8.00

16.00

–(Note) Revision of dividend forecast for during this period : No

3. Forecast for consolidated business results for the fiscal year ending September 30, 2022
(October 1, 2021 – September 30, 2022)(Percentages represent year-on-year changes.)
Net sales
Millions of yen

For the first half
Full year

12,750〜13,250
25,500〜26,500

Operating income％ Millions of yen(2.3)
〜1.6(0.9)〜2.9％ Millions of yen

900 (27.0)〜1,100 〜(10.7)
1,800(6.7)
〜2,200 〜14.0

Profit attributable toowners of parent

Ordinary income％ Millions of yen

700 (16.7)〜900 〜7.1
1,400
2.1〜1,800 〜31.3(Note) Revisions to forecasts for consolidated business results published most recently: No

300〜500
600〜1,000

Net income
per share％Yen–

5.48〜9.13
10.96〜18.26–

* Notes(1) Important changes of subsidiaries during the term (changes in specified subsidiaries resulting in change in scopeof consolidation): Not applicable
New: –Exception: –(2) Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: Notapplicable(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies due to the modification in accounting methods:(ii) Changes in accounting policies other than (i):(iii) Changes in accounting estimates:(iv) Restatement:

ApplicableNot applicableNot applicableNot applicable(4) Number of outstanding shares (common shares)(i) Number of shares outstanding at the end of period (including treasury shares):12/2021: 61,248,200 shares
09/2021: 61,248,200 shares(ii) Number of treasury shares at the end of period
12/2021: 6,497,173 shares
09/2021: 6,496,273 shares(iii) Average number of shares during the period (quarterly consolidated cumulative period)
Three months ended 12/2021: 54,751,252 shares Three months ended 12/2020: 54,645,883 shares* This Summary of Consolidated Financial Results for the First Quarter is not included in the scope of quarterly review
by certified public accountants or audit corporations.
* 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 inJapan 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 of the briefing on earnings for the first quarter for securities analysts and institutional investors will be made available on
demand on the Company's website.
While the Company planned to hold a briefing on earnings chiefly for securities analysts and institutional investors on Thursday,
February 10, 2022, to prevent the spread of infections by the COVID-19 coronavirus the Company will forgo holding at the venue
event and will post the on-demand delivery of the briefing and related materials on its website.