February 9, 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 Concerning Posting of Extraordinary Income, Income Taxes - Deferredand Revision of First Half (cumulative) and Full Year Consolidated Results Forecasts
MTI Ltd. (hereinafter the “Company”) announces that the Company will post extraordinary income and income
taxes - deferred as stated below for the second quarter of the fiscal year ending September 30, 2024 (from January
1, 2024 to March 31, 2024).
In addition, the Company announces that the Company will revise the earnings forecast for the first half
(cumulative) and full year of the fiscal year ending September 30, 2024 announced on February 7, 2024, Detailare as follows.
1. Posting of Extraordinary Income and Income Taxes – Deferred
Effective from the fiscal year ended September 30, 2022, the Company has adjusted the handling of
consumption tax on lapsed points in monthly content services that award points. As a result, net sales
corresponding to lapsed points were treated as non-taxable transactions. In connection with this, a consumption
tax refund of 780 million yen will be recorded as extraordinary income as a result of a correction decision(refund) from the Shinjuku Tax Office regarding the treatment of consumption tax in the fiscal year ended
September 30, 2018, and the decision to refund the relevant consumption tax. In addition, the Company will
post income taxes - deferred of 238 million yen.
2. 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)
ProfitOperating
Ordinary
Net sales
attributable toincome
incomeowners of parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Previous announced
13,000600
1,000700
forecast (A)Current announced
forecast (B)13,000

600

1,000

1,240

Differences（B-A）

−

−

−+540

Differences（%）(Reference) Previous period
first half results(For the first half of the fiscal
year ended September 30,2023)−−−+77.1%

13,631(18)

187(326)

1Net
incomeper shareYen

12.76
22.60(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 toincome
incomeowners of parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Previous announced
27,000
1,000
1,400
800
forecast (A)Current announced
forecast (B)27,000

1,000

1,400

1,340

Differences（B-A）

−

−

−+540

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

−

−−

67.5%

26,798298458753

Net
incomeper share3. Reasons for the revisions
With the posting of the extraordinary income and income taxes - deferred mentioned in 1 above, theCompany will revise upward the profit attributable to owners of parent in the consolidated results forecasts
for the first half and full year of the fiscal year ending September 30, 2024.
The amounts to be posted mentioned in 1 above are estimates based on information available on the dateof publication of this document.
Actual results may differ from the forecasts due to various subsequent factors. The Company will promptly
disclose any deviation between forecasts and consolidated financial results that should be disclosed.

＜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/

2

Yen

14.58
24.4313.73