UNOFFICIAL TRANSLATION
The formal official document is in Japanese.

Summary of Consolidated Financial Results
for the Fiscal Year ended September 30, 2020 (Japanese Accounting Standards)
November 4, 2020
Listed Company Name: MTI Ltd.
Listing Exchanges: Tokyo Stock Exchange
Securities Code:9438
URL: https://www.mti.co.jp
Representative:
Toshihiro Maeta, President and Chief Executive Officer
Contact:
Hiroshi Matsumoto, Senior managing Director
Phone: +81-3-5333-6323
Scheduled date of annual meeting of shareholders: December 19, 2020
Scheduled date to submit the Securities Report (Yuka Shoken Houkokusho): December 21, 2020
Scheduled date of dividend payment: December 21, 2020
Supplementary documents for financial results: Yes
Financial results briefing: Yes (for securities analysts and institutional investors)(Figures less than one millions of yen are omitted)

1. Consolidated financial results for the year ended September 30, 2020
(October 1, 2019 – September 30, 2020)(1) Consolidated operating results(Percentages represent year-on-year changes)
Net sales

Operating income

Millions of yen

For the year ended September 30, 2020
For the year ended September 30, 2019
(Note) Comprehensive income:% Millions of yen

Profit attributable toowners of parent

Ordinary income% Millions of yen% Millions of yen

26,082 (3.8)
2,507 (15.3)
2,082 (33.5)
27,112 (6.8)
2,959 (8.0)
3,134
0.6
Year ended September 30, 2020: 121 million yen, (92.5%)
Year months ended September 30, 2019: 1,611 million yen, 10.0%
Net income
Net income
Return on
Return on Assets
per shareper share/diluted
EquityNet income％％For the year ended September 30, 2020
9.28
9.27
2.6
7.2
For the year ended September 30, 2019
27.59
27.56
8.0
12.2
(Reference) Equity in earnings (losses) of affiliates: Year ended September 30 2020: (431) millions of yen
Year ended September 30 2019: 112 millions of yen

9.6
10.9

Yen

％

%

506 (66.4)
1,508 (7.4)

Yen(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Year ended September 30, 2020
Year ended September 30, 2019
(Reference) Shareholders’ equity:

Equity ratio

Millions of yen

30,54721,51027,47921,794
Year ended September 30, 2020: 19,166 millions of yen
Year ended September 30, 2019: 19,866 millions of yen

Net assets per share%Yen

62.7
72.3

350.83363.53(3) Consolidated cash flows
Net cash providedby (used in)operating activities

Net cash providedby (used in)investing activities

Net cash providedby(used in)financing
activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

3,292
4,007

(4,807)(3,613)

2,449
1,532

13,354
12,421For the year ended September 30, 2020
For the year ended September 30, 2019

Cash and cash
equivalent

2. Dividends
Dividend per share
End offirstquarter

For the year ended September 30, 2019
For the year ended September 30, 2020
For the year ending September 30, 2021
(forecast)End ofsecondperiodEnd ofthirdquarter

Yen

Yen

Yen

Yen

Yen

––

8.00
8.00

–
–

8.00
8.00

16.00
16.00

–

8.00

–

8.00

16.00

Year end

AnnualAmount ofDividends on
Dividend ratio
dividends paid
equity(Consolidated)(Total)(Consolidated)

875
876%

%

58.0
172.5
51.4
〜67.2

4.6
4.5

3. Forecast for consolidated financial results for the fiscal year ending September 30, 2021
(October 1, 2020 – September 30, 2021)
Net sales

Operating income

Millions of yen%

12,750〜13,250
25,500〜26,500(1.5)
〜2.3(2.2)〜1.6

For the first half
Full year(Percentages represent year-on-year changes)
Profit attributable to
Net income
Ordinary income
owners of parent
per share

Millions of yen%

1,000(30.9)〜1,200 〜(17.1)
2,100(16.2)〜2,500 〜(0.3)

Millions ofyen%Millions of yen

1,000 (23.7)〜1,200 〜(8.4)
2,100
0.8〜2,500 〜20.0%

Yen650(47.8)〜850 〜(31.8)
1,300
156.4
〜1,700 〜235.3

11.90〜15.5623.80〜31.12* Notes(1) Important changes of subsidiaries during the term (changes in specified subsidiaries resulting in change in scope ofconsolidation): Not applicable
New: –Exception: –(2) 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:

Not applicableNot applicableNot applicableNot applicable(3) Number of outstanding shares (common shares)(i) Number of outstanding shares at the end of period (including treasury shares):9/20: 61,144,600 shares
9/19: 61,139,000 shares(ii) Number of treasury shares at the end of period
9/20: 6,511,616 shares
9/19: 6,489,239 shares(iii) Average number of shares during the period
9/20: 54,641,936 shares
9/19: 54,668,861 shares(Reference) Summary of financial results
1. Nonconsolidated financial results for the year ended September 30, 2020
(From October 1, 2019 - September 30, 2020)(Percentages are shown as year-on-year changes)(1) Nonconsolidated operating results
Net sales

Operating income

Ordinary income

Net income

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

20,858

(4.4)

3,057

0.6

3,461

24.4

1,010

-

21,810(12.3)

3,039(11.7)

2,782(20.6)

11(99.1)

For the year ended
September 30, 2020
For the year ended
September 30, 2019

Net income pershare
For the year ended
September 30, 2020
For the year ended
September 30, 2019

Fully diluted net
income per share
YenYen18.43

18.420.21

0.21(2) Nonconsolidated financial position
Total assets

Equity ratio

Net assets per share

Millions of yen％Yen

24,81016,61566.1

299.23

21,541

16,75176.8

301.7816,401 millions of yen

As of September 30, 2019:

For the year ended
September 30, 2020
For the year ended
September 30, 2019
(Reference) Shareholders’ equity
As of September 30, 2020:

Net assets

Millions of yen

16,539 millions of yen* Status of review

Financial results is out of 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. For the assumptions underlying theforecasts and other notice on the use of earnings forecasts, please refer to “(4) Future outlook” on page 4 in the accompanying material.
The Company will hold a briefing on earnings chiefly for securities analysts and institutional investors on Thursday, November 5, 2020. A video of thebriefing and a document to be used at the briefing will be posted on the Company’s website as soon as the briefing ends.