Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (Japanese GAAP)May 13, 2024
Company name:
Mitsui Matsushima Holdings Co., Ltd.
Listed on the TSE/FSE
Stock code:
1518
URL https://www.mitsui-matsushima.co.jp/
Representative: Taishi Yoshioka, Representative Director and President
Contact:
Satoru Eikawa, Executive Officer, General Manager of Accounting Department(TEL) +81-92-771-2171
Expected date of annual general meeting of shareholders: June 21, 2024 Expected date of dividend payment: June 3, 2024
Expected date of filing of annual securities report:
June 21, 2024
Supplementary materials for the financial results: Yes (Presentation of Financial Results for the Fiscal Year Ended March 2024)
Financial results explanation meeting:Yes (For securities analysts, institutional investors and individual investors)(Note: Figures are rounded down to the nearest million yen.)

1. Consolidated financial results for the fiscal year ended March 2024 (April 1, 2023 through March 31, 2024)(1) Consolidated financial results(%: Change from the previous fiscal year)
Net profit attributable
Net sales
Operating profit
Ordinary profit
to owners of parent
million yen%million yen%million yen%million yen%

FY202377,472(3.2)
25,170(29.7)
26,004(27.6)
15,117(34.2)
FY202280,01571.7
35,789325.2
35,933318.0
22,977325.8(Note) Comprehensive income FY2023 16,902 million yen ( 29.2%)
FY2022
23,873 million yen ( 305.4%)
Diluted net profit per
Ratio of ordinary
Ratio of operating
Net profit per share
Return on equity
share
profit to total assets profit to net sales
yen senyen sen

FY2023
1,209.24
FY2022
1,767.99(Reference)Equity in net income of affiliates%

FY2023%25.4
50.4
FY2022- million yen%

26.7
44.1
369 million yen

32.5
44.7

(2) Consolidated financial position
Total assets

Net assets

million yen

FY2023
FY2022(Reference) Shareholders’ equity

Shareholders’ equity ratio

million yen

99,74095,025
FY202364,02356,60263,448 million yen

Net assets per share%

yen sen

63.6
58.7
FY2022 55,778 million yen

5,322.49
4,292.78(3) Consolidated cash flows
Cash flows from operating Cash flows from investing Cash flows from financing Cash and cash equivalents
activities
activities
activities
at the end of period
FY2023
FY2022

million yen

million yen

million yen

million yen

21,28826,204(11,692)(1,337)(22,748)(6,479)25,98338,064

2. Dividends
Ratio ofDividend
Total
dividend to
payout ratio
dividends
net assets(consolidated(annual)(consolidated))

Annual dividend per share
End of 1Q

End of 2Q

Year-end

End of 3Q

Totalyen sen

yen senyen senyen senyen senmillion yen%%-80.0040.00
50.00-240.00
60.00
50.00

320.00100.00100.00

4,180
1,222

18.1
8.3
42.8

9.1
2.1

FY2022
FY2023
FY2024 (forecast)(Note) Breakdown of dividends for FY2022
End of 2Q: Ordinary dividend: 40.00 yen; Commemorative dividend: 40.00 yen
Year-end: Ordinary dividend: 40.00 yen; Commemorative dividend: 200.00 yen

3. Forecast for consolidated earnings for the fiscal year ending March 31, 2025 (April 1, 2024 - March 31, 2025)
Net sales
million yen

Full fiscal year

56,000Operating profit% million yen(27.7)

4,900(%: Change from previous fiscal year)
Net profit
attributable toNet profit per shareowners of parent

Ordinary profit% million yen(80.5)

4,800―1―% million yen(81.5)

2,800%

yen sen(81.5)

234.88

* Notes(1) Material changes in subsidiaries during the period: Yes(changes in the number of specified subsidiaries accompanying a change in the scope of consolidation)
Newly included subsidiaries:

Sansei America, Inc.,

Saunders & Associate, LLC; Excluded:-(2) Changes in accounting principles, changes in accounting estimates, and restatements
1) Changes in accounting principles due to revision of accounting standards-: None2) Changes in accounting principles due to reasons other than 1): None3) Changes in accounting estimates: None4) Restatements: None(3) Number of issued shares (common stocks)
1) Total number of issued shares at the end of theperiod (treasury stocks included)2) Number of treasury stocks at the end of the period

FY202313,064,400

FY2022

13,064,400

FY2023

1,143,539

FY202270,7373) Average number of shares during the periodFY2023

12,501,925

FY2022

12,996,202(Note) The number of treasury stocks to be deducted for calculating the number of treasury stocks at the end of the period
includes the Company’s stocks held by the Board Benefit Trust (the “BBT”) (FY2023: 62,900 shares; FY2022: 70,000shares).
The number of treasury stocks to be deducted for calculating the average number of shares during the period includes theCompany’s stocks held by the BBT (FY2023: 65,085 shares; FY2022: 67,585 shares).

(Reference) Summary of non-consolidated financial results
1. Non-consolidated financial results for the fiscal year ended March 2024 (April 1, 2023 through March 31, 2024)(1) Non-consolidated financial results(%: Change from the previous fiscal year)

Net sales
FY2023
FY2022

Operating profit

Ordinary profit

Net profit

million yen%million yen%

million yen%million yen%

24,98815,31263.2
145.5

22,557
13,07872.5
162.8

22,473
13,05972.1
165.5

22,696
13,34470.1
166.7

Net profit per share
FY2023
FY2022

Diluted net profit pershare

yen senyen sen

1,815.46
1,026.82-(2) Non-consolidated financial position
Total assets

Net assets

million yen

FY2023
FY2022(Reference)
Shareholders’ equity**

Shareholders’ equity ratio

million yen

70,02953,060
FY202354,03437,47754,034 million yen

Net assets per share%

yen sen

77.2
4,532.79
70.6
2,884.32
FY202237,477 million yen

This report is exempt from audit procedures by certified public accountants or audit firms.
Explanation regarding the appropriate use of earnings forecasts and other important matters
The forward-looking statements concerning future performance included in this report are based on the information available
at the time of this report and certain assumptions we deemed reasonable. Therefore, actual results may differ significantly
from these forward-looking statements due to various factors. For notes regarding the conditions that serve as assumptions forthe earnings forecast and the use of the earnings forecast, please refer to “(4) Outlook for FY2024” in “1. Results ofOperations” on page 4 of the appended material.

―2―