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 Year Ended February 28, 2023
[Japanese GAAP]
April 11, 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 FujimotoDirector,Senior Executive Offcer
Phone: +81-78-303-9220Scheduled date of Annual General Meeting of Shareholders: May 30, 2023
Scheduled date of commencing dividend payments: May 31, 2023
Scheduled date of filing annual securities report: May 30, 2023
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes(Amounts are rounded to the nearest millions of yen.)
1. Consolidated Financial Results for the Fiscal Year Ended February 28, 2023 (March 1, 2022 to February 28, 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%
Fiscal year ended
February 28, 2023
30,333
11.1
523(63.5)
1,046(48.0)
615(66.0)
February 28, 2022
27,300
11.5
1,434
70.3
2,011
95.3
1,808
249.1
(Note) Comprehensive income:Fiscal year ended February 28, 2023:¥1,353 million [(52.5) %]Fiscal year ended February 28, 2022:¥2,848 million [317.1%]
Basic earnings per Diluted earnings per Rate of return on
shareshareequity
Yen
Fiscal year ended
February 28, 2023
66.19
February 28, 2022
192.76(Reference) Equity in earnings (losses) of affiliated companies:

Yen

Ordinary profit tototal assets ratio

%

3.4
10.7
Fiscal year ended February 28, 2023:
Fiscal year ended February 28, 2022:

Operating profit to
net sales ratio

%%

3.4
7.1
¥
¥

1.7
5.3
148 million
239 million(2) Consolidated Financial Position
Total assets
As ofFebruary 28, 2023
February 28, 2022
(Reference) Equity:

Net assets

Millions of yen

32,01729,008
As of February 28, 2023:
As of February 28, 2022:

Capital adequacy ratio

Millions of yen¥¥21,240
20,551
18,533 million
17,962 million

Net assets per share%

Yen

57.9
61.9

2,008.49
1,914.94(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
February 28, 2023
February 28, 2022

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Millions of yen

Millions of yen

Millions of yen

Millions of yen

515
2,333(1,172)
603

1,227
(2,937)

4,186
3,654

―1―2. Dividends
Annual dividends
1st2nd3rdquarter-end quarter-end quarter-end

Year-end

Payoutratio

Total
dividends

Total(consolidated)

Dividends
to netassets(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen%%

February 28, 2022

-

20.00

-

20.00

40.00

375

20.8

2.2

February 28, 2023

-

20.00

-

20.00

40.00

369

60.4

2.0-

20.00

-

25.00

45.00

Yen Millions of yen

Fiscal year ending
February 29, 2024

59.3

(Forecast)(Note) Breakdown of the year-end dividend for the fiscal year ended February 28, 2023 :Commemorative dividend- yenSpecial dividend- yen
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.)
Net sales

Full year

Operating profit

Profit attributable to Basic earnings perowners of parent
share

Ordinary profit

Millions ofyen%Millions ofyen%Millions ofyen%Millions ofyen%

Yen

34,500

13.7

1,400

167.7

1,600

53.0

700

13.9

75.86

* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope of consolidation): YesNew
1(Company name:)(Company name:Exclusion:)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):February 28, 2023:
9,696,500 shares
February 28, 2022:
9,696,500 shares
2) Number of treasury shares at the end of the period:
February 28, 2023:
468,970 shares
February 28, 2022:
316,570 shares
3) Average number of shares outstanding during the period:
Fiscal Year ended February 28, 2023:
Fiscal Year ended February 28, 2022:

9,284,344 shares
9,378,512 shares―2―

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended February 28, 2023 (March 1, 2022 to February 28, 2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Net sales
Fiscal year ended
February 28, 2023
February 28, 2022

Operating profit

Ordinary profit

Net income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

17,162
16,288

5.4
8.9

79656

(87.9)
123.7

1,004
1,284

(21.8)
100.0

856
1,650(48.1)-Basic earnings per share Diluted earnings per share
Fiscal year endedFebruary 28, 2023
February 28, 2022

Yen

Yen

92.15
175.92-(2) Non-consolidated Financial Position
Total assets
As ofFebruary 28, 2023
February 28, 2022
(Reference) Equity:

Net assets

Millions of yen

20,20017,955
As of February 28, 2023:
As of February 28, 2022:

Capital adequacy ratio

Millions of yen¥¥―3―

12,474
12,13812,474 million
12,138 million

Net assets per share%

Yen

61.8
67.6

1,351.83
1,294.05