Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Three Months Ended May 31, 2023
[Japanese GAAP]
July 12, 2023
Company name: MORESCO Corporation
Stock exchange listing: Tokyo
Code number: 5018
URL: https://www.moresco.co.jp/
Representative: Motohisa Morozumi
Representative Director, President
Contact: Hirofumi Fujimoto
Director,Senior Executive Offcer
Phone: +81-78-303-9220Scheduled date of filing quarterly securities report: July 12, 2023
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts are rounded to the nearest million yen.)
1. Consolidated Financial Results for the Three Months Ended May 31, 2023 (March 1, 2023 to May 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended
May 31, 2023
7,596
7.7
257
28.0
395(16.1)
224(29.5)
May 31, 2022
7,050
5.9
201(61.4)
471(34.7)
317(71.0)(Note) Comprehensive income:Three months ended May 31, 2023:¥
508 million [(41.5) %]Three months ended May 31, 2022:¥
868 million [(45.7) %]Basic earnings
per share
Three months ended
May 31, 2023
May 31, 2022

Diluted earnings pershare
Yen

Yen

24.24
33.84

-(2) Consolidated Financial Position
Total assets
As ofMay 31, 2023
February 28, 2023
(Reference) Equity:

Millions of yen

Net assets

31,91332,017
As of May 31, 2023:
As of February 28, 2023:

Capital adequacy ratio

Millions of yen¥¥

21,544
21,24018,743 million
18,533 million

Net assets per share%

Yen

58.7
57.9

2,031.26
2,008.49

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended February 28, 2023

-20.00-20.0040.00

Fiscal year ending February 29, 2024-25.00

45.00

Fiscal year ending February 29, 2024

20.00
(Forecast)(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 1st quarter dividend for the fiscal year ending February 29, 2024 :Commemorative dividend- yenSpecial dividend- yenYear-endTotal

3. Consolidated Financial Results Forecast for the Fiscal Year Ending February 29, 2024(March 1, 2023 to February 29, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable Basic earnings perNet sales
Operating profit
Ordinary profit
to owners of parent
shareMillions ofyen%Millions ofyen%Millions ofyen

Full year
34,500
13.7
1,400
167.7
1,600(Note) Revision to the financial results forecast announced most recently:
No%

Millions ofyen%

Yen

53.0

700

13.9

75.83

* Notes:(1) Changes in significant subsidiaries during the three months ended May 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):May 31, 2023:
9,696,500 shares
February 28, 2023:
9,696,500 shares
2) Number of treasury shares at the end of the period:
May 31, 2023:
468,970 shares
February 28, 2023:
468,970 shares
3) Average number of shares outstanding during the period:
Three months ended May 31, 2023:
Three months ended May 31, 2022:

9,227,530 shares
9,379,930 shares))
No