Presentation of Financial Results

for the First Quarter Ended June
2024
Mitsui Matsushima Holdings Co., Ltd.

1

Contents

P3

1Q FY2024 Financial Results

P7

FY2024 Consolidated Earnings Forecast andShareholder Returns

P11

Latest Topics

2

1Q FY2024 Financial Results3Consolidated Income Statement
Income Statement(Million yen)

FY2023
1Q

Net sales

Operating profit

FY20241Q

y-o-yChangeMain Factors Behind Changes

22,806

13,536-9,270・ Consolidation of Japan Chain Holdings,
Inc. (Industrial Products) contributed tosales
・ Termination of coal businesses led toreduced sales・ Termination of coal businesses led toreduced sales(before amortization ofgoodwill)*

9,890

1,460-8,430(10,102)(1,729)(-8,373)

Ordinary profit

10,302

1,752-8,549

Net profit
attributable toowners of parent

7,082

1,370-5,712* Operating profit before amortization of goodwill is operating profit excluding the amortization of goodwill that arises from business acquisitions.

4Consolidated Segment Information
Consumer Goods

Nippon Straw, Meiko Shokai, KMT, Systech Kyowa, and MOS

Industrial Products

CST, Sansei Denshi, Nippon Katan, Plus One Techno, and Japan Chain Holdings

Financial Services, Other

MRF (earnings included from 2Q FY2024), MM Energy, etc.

Net Sales

Segment Profit
FY2023
1Q

FY2024
1Q

Consumer Goods

5,934

6,349+414

Industrial
Products

2,412

6,896+4,483

434

303

-131

14,054－-14,054

-30

-13

+17

22,806

13,536-9,270

Segment

FinancialServices, otherEnergy

Adjustments

y-o-ychange

Segment

FY2023
1Q

FY20241Q

y-o-ychange

Consumer Goods

256542+286(before amortization of goodwill)

(411)

(699)

(+287)

Industrial Products

149

854+705(before amortization of goodwill)

(205)

(966)

(+760)

44

59+15

9,440－-9,440－

3+3

Financial Services, other

EnergyAdjustments

TotalTotal(Million yen)

(before amortization ofgoodwill)

9,890

1,460-8,430(10,102)(1,729)(-8,373)*We have changed our reporting segments to reflect the increased importance of the Consumer Goods and Services Business and the diversification of the business portfolio
following the termination of coal businesses.

5Consolidated Balance Sheet
Balance Sheet(Million yen)March 31, 2024
AmountJune 30, 2024

Ratio
(％)

AmountRatio(%)

ChangeMajor Factors Behind Changes

Current assets

62,774

62.9

57,133

61.4-5,641

Cash and deposits: -1,137; Trade receivable: -3,483

Fixed asset

36,96537.1

35,95738.6-1,008Property, plant and equipment: -213
Investments and other assets: -686

Total assets

99,740100.0

93,090100.0-6,650Current liabilities

21,666

21.7

17,88319.2-3,782

Income taxes payable: -1,232
Other (accounts payable-other, etc.): -2,107

Fixed liabilities

14,051

14.1

13,188

14.2-862

Long-term borrowings: -342; Asset retirementobligations: -165

35,71735.8

31,07233.4-4,644

Total liabilities

Total net assets

64,02364.2

62,01866.6-2,005

Total liabilities andnet assets

99,740100.0

93,090100.0-6,650

Other Indicators
Cash and deposits (including

March 31, 2024

June 30, 2024

Change34,352

33,217-1,135

7,554

7,153

-401

26,797

26,064-733

Shareholders’ equity ratio (%)

63.6

66.5

+2.9

Debt/equity ratio (times)

0.15

0.15

+0.00

long-term deposits)

Debt
Net cash and deposits

Net profit attributable to owners of parent: +1,370
FY2023 Year-end dividend (60 yen per share): -719
Additional purchase of shares in Saunders＆Associates, LLC: -2,590

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FY2024
Consolidated Earnings Forecast
and Shareholder Returns

7

FY2024 Consolidated Earnings Forecast⚫

On July 5, 2024, we raised our consolidated earnings forecast for the year ending March 31, 2025. (We have left
this revised forecast unchanged)

Consolidated Earnings Forecast(Million yen)

FY2023 Results

FY2024 Forecast

y-o-y change

Net sales

77,47260,000-17,472

Operating profit (beforeamortization of goodwill)

25,170(26,048)

6,000(7,100)-19,170(-18,948)

Ordinary profit

26,0045,900-20,104

Net profit attributable toowners of parent

15,1176,000-9,117

Dividend per share

100 yen

100 yenー*The forecast above is based on information available as of the date of this publication. Actual results may vary due to various future factors.If arevision of the forecast of financial results becomes necessary, the Company will disclose the revised figures promptly.

8Earnings Forecast by Segment⚫

Consumer Goods: Sales are expected to exceed the initial forecast mainly because MOS may receive more orders⚫

Industrial Products: Sales and profit are expected to exceed the initial forecast mainly because Japan Chain Holdings may benefit
from the effects of foreign exchange rates⚫

Financial Services, other: Sales and profit are expected to exceed the initial forecast mainly because of the consolidation of MRF(earnings included from 2Q FY2024)

Net Sales

Segment

ConsumerGoods

Industrial
Products

Segment Profit

FY2023Results

InitialForecast
for FY2024

Revised
Forecastfor FY2024(released onMay 13)(released onJuly 5)

26,09226,00026,500ChangeSegmentConsumer Goods

15,07529,00029,500+500+500(before amortization ofgoodwill)

Industrial
Products(before amortization ofgoodwill)

Financial
Services,other

1,651

1,000

4,000+3,000

Total

42,81856,00060,000+4,000

Financial
Services, other(before amortization ofgoodwill)

Total(before amortizationof goodwill)(Million yen)

FY2023Results

InitialForecast
for FY2024

Revised
Forecast
for FY2024(released on
May 13)(released on
July 5)

1,527

1,900

1,900

±0

(2,152)(2,500)(2,500)

(±0)

1,255

2,800

3,000+200(1,507)(3,200)(3,400)(+200)

Change174200

1,100+900(174)(200)(1,200)(+1,000)

2,956

4,900

6,000+1,100(3,833)(5,900)(7,100)(+1,200)

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Shareholder Returns: Decision to Repurchase Shares
Detail⚫ Total acquisition amount: 3 billion yen (maximum)⚫ Total number of shares to be acquired: 600,000 (maximum)(Percentage of total outstanding shares, excluding treasury shares: 5.1%)⚫ Acquisition period: August 19, 2024 - November 18, 2024
⚫ Purpose: To implement more flexible capital policies and to use these shares for M&A activities⚫ After acquisition: Shares will not be retired for the time being*The share buyback program will be terminated when either the total acquisition amount or the total number of shares reaches
the maximum limit.

FY2024 Total Return Ratio
Ordinary dividend

Total return ratio
80.0%
70.0%

4 billion yen
40億円

70.0%
60.0%

3 billion yen
30億円

Commemorati
ve dividend
3.1 billion yen@240yen

2 billion yen
20億円
yen

Acquisition ofown shares
3 billion yen

Acquisition ofown shares
3 billion yen

50.0%
40.0%

27.9%
30.0%
18.1%

20.0%

1 billion yen
10億円
1 billion yen@80yen1.2 billion yen@100yen

1.2 billion yen@100yenFY2022

FY2023

FY2024 (forecast)

10.0%

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Latest Topics

11New Business Acquired
MRF Co., Ltd.
Share acquisition date
Business
Establishment
Number of employees
Office locations(https://www.mrf-c.co.jp/)

July 1, 2024
Mainly provides real estate-backed loans to businesses
April 2012
120
Nine branch offices: Osaka, Kobe, Okayama, Hiroshima, Kitakyushu, Fukuoka,Hakata, Kumamoto, and Kagoshima

Service Features⚫ The company focuses on loans to small- and medium-sized businesses and sole proprietors to differentiate the services fromthose of competing businesses such as regional banks and credit cooperatives(1) Problem-solving/planning skills(2) Quick-response capabilities(3) Network of offices in a wide area

Sales staff with expertise will propose

Sales representatives will visit theA total of 120 staff members cover

the best plan that meets customer needs

customer’s office, etc., to provide

western Japan, building a network ofspeedy consultation on financing

offices in a wide area⇒ We will help MRF improve its fund-raising capabilities and expand operations to eastern Japan, including the Kanto area.
In this way, we will contribute to MRF’s continued growth and the enhancement of the Group’s corporate value.
12Company Profile

We Launched Stock Investment Operations Through a Subsidiary

Early
achievement ofBusiness
Strategy 2024

Furtherexpansion anddevelopment ofthe Group

Enhancementof corporate
value

Name

MM Investments Co., Ltd.

Address

1-1-12, Otemon, Chuo-ku, Fukuoka CityTitle and name of representative

President and Representative Director Mikiko AbeMain business

Mainly manages both closely held and publicly traded stocks

Shareholder

Mitsui Matsushima Holdings Co., Ltd. (100%)13

These materials contain forward-looking statements that are in no way guarantees of future performance.
Future performance is affected by risks and uncertainties. Future performance may vary due to changing
assumptions and conditions in the business environment. These materials should not be relied on as thesole source of information, and should be used with discretion. Mitsui Matsushima Holdings Co., Ltd. is in
no way responsible for any damage caused as a result of relying on or using these materials.

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