Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

May 14, 2024

Consolidated Financial Results
for the Fiscal Year Ended March 31, 2024
(Under Japanese GAAP)
Company name: Mars Group Holdings Corporation
Listing:
Tokyo Stock Exchange Prime
Stock code:
6419(URL: https://www.mars-ghd.co.jp/)
Representative:
President and CEO
Akihiro Matsunami
Inquiries:
DirectorJoji Takahashi(Tel:+81-3-3352-8555)
Scheduled date of annual general meeting of shareholders:June 26, 2024
Scheduled date to commence dividend payments:
June 27, 2024
Scheduled date to file annual securities report:
June 27, 2024
Preparation of supplementary material on financial results:
Yes
Holding of financial results briefing:
Yes(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2024 (from April 1, 2023 toMarch 31, 2024)(1) Consolidated operating results(Percentages indicate year-on-year changes.)

Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Fiscal year ended

Million yen%

Million yen%

Million yen%

Million yen%March 31, 2024

36,575

79.8

11,694183.4

12,500

164.3

8,585

173.0

March 31, 2023

20,346

34.7

4,126

161.4

4,730

89.0

3,144

69.5

Note: Comprehensive income

For the fiscal year ended March 31, 2024:
For the fiscal year ended March 31, 2023:

Basic earnings
per share

Diluted earnings
per share

12,363 million yen [212.9%]
3,951 million yen [36.2%]

Return on equity

Ratio of ordinary
profit to total assets

Ratio of operating
profit to net sales%%

Fiscal year endedYen

Yen

March 31, 2024

499.89497.10

13.5

16.9

32.0

March 31, 2023

190.17

-5.7

7.6

20.3

Reference:%

Share of profit (loss) of entities accounted for using equity method
For the fiscal year ended March 31, 2024:- million yen
For the fiscal year ended March 31, 2023:- million yen(2) Consolidated financial position
Total assets
As ofNet assets

Equity-to-asset ratio

Net assets per share

Million yen

Million yen

March 31, 2024

83,956

71,25484.93,975.65

March 31, 2023

63,92256,30788.1

3,429.37

Reference:

EquityAs of March 31, 2024:
As of March 31, 2023:

71,242 million yen
56,307 million yen%

Yen

(3) Consolidated cash flows
Cash flows fromoperating activities

Cash flows frominvesting activities

Cash and cash
equivalents at end ofperiod

Cash flows fromfinancing activities

Fiscal year ended

Million yen

Million yen

Million yen

Million yen

March 31, 2024

6,447

(1,636)

1,813

29,353

March 31, 2023

943

(2,106)(2,163)22,7002. Cash dividends
Annual dividends per share
1Q-endFiscal year ended

2Q-endYen

3Q-endYen

Year-end

Yen

Total cash
dividends(Total)Total

Ratio of
Payout ratio dividends to(Consolidated) net assets(Consolidated)

Yen

Yen

Million yen%%March 31, 2023

-

35.00

-

35.00

70.00

1,156

36.8

2.1

March 31, 2024

-

60.00

-

90.00

150.00

2,666

30.0

4.1

Fiscal year ended
March 31, 2025-

120.00-75.00

195.0041.0(Forecast)

Breakdown of interim dividends for the fiscal year ending March 2025 (forecast):Ordinary dividend of 70.00, Commemorativedividend of 50.00 (commemorative dividend for 50th anniversary)

3. Forecast of consolidated financial results for the fiscal year ending March 31, 2025 (from April 1, 2024
to March 31, 2025)(Percentages indicate year-on-year changes.)
Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Net income per share

Million yen%

Million yen%

Million yen%

Million yen%yen

First half

20,700

19.3

7,040

20.8

7,440

17.9

5,040

15.7

279.11

Full year

37,0001.2

11,7000.0

12,520

0.2

8,600

0.2

476.19

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
Newly included: ‐ companies (Company name)
Excluded:‐ companies (Company name)(2) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(3) Number of issued shares (common shares)(i)Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

22,720,000 shares

As of March 31, 2023

22,720,000 shares(ii) Number of treasury shares at the end of the period
As of March 31, 2024

4,800,290 shares

As of March 31, 2023

6,300,865 shares(iii) Average number of shares outstanding during the period
Fiscal year ended March 31, 2024

17,175,721 sharesFiscal year ended March 31, 2023

16,537,093 shares* Financial results reports are exempt from audit conducted by certified public accountants or an audit
corporation.
* Proper use of earnings forecasts, and other special matters- All forward-looking statements in this document such as financial forecasts and outlooks are based on theinformation currently available to and certain assumptions deemed reasonable by the company and are not apromise that the company is committed to achieving them. In addition, they may be materially different from
actual results etc. due to various factors.

Consolidated Financial Statements(1) Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2023
AssetsCurrent assetsCash and deposits
Notes and accounts receivable - trade
Operating loans
Lease receivables and investments in leases
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures
Accumulated depreciation
Buildings and structures, net
Machinery, equipment and vehicles
Accumulated depreciation
Machinery, equipment and vehicles,net
Tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Leased assets
Accumulated depreciation
Leased assets, net
Construction in progress
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Deferred tax assets
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

As of March 31, 2024

22,700,571
4,430,108
811,761
412,793349,965
2,183,557
172,942
3,247,645
869,685(56,412)35,122,618

29,353,869
6,002,812
827,729
420,918
350,035
5,051,742
326,269
6,230,298
742,487(57,271)
49,248,890

13,297,263(8,070,508)
5,226,755
402,657(360,407)

13,424,087(8,346,849)
5,077,238
430,528(369,744)

42,25060,784

3,540,377(3,385,673)
154,7039,628,287
149,652(56,833)
92,81819,47015,164,285
306,158

3,473,728(3,261,788)
211,939
10,007,470
80,263(17,769)
62,494
668,544
16,088,471
323,054

11,471,098－
445,157
1,904,944(491,481)
13,329,720
28,800,163
63,922,782

16,600,901
49,974－
2,104,738(459,126)
18,296,48634,708,012
83,956,902

(Thousands of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Lease liabilities
Income taxes payable
Provision for bonuses
Other
Total current liabilities
Non-current liabilities
Lease liabilities
Provision for retirement benefits for
directors (and other officers)
Retirement benefit liability
Asset retirement obligations
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeShare acquisition rights
Total net assets
Total liabilities and net assets

As of March 31, 2024

2,858,476
268,902
1,052,319
342,507944,796
5,467,002

4,338,627
240,783
3,667,889
431,123
1,648,862
10,327,285

294,372

288,543

177,990

195,480

585,916
61,447－
1,028,684
2,148,410
7,615,412－
61,914
858,926
970,716
2,375,580
12,702,865

7,934,100
8,371,830
51,144,527(12,655,002)
54,795,454

7,934,100
9,500,829
58,102,153(9,584,281)
65,952,801

1,641,643

4,926,520(129,727)

363,216

1,511,915

5,289,737－
56,307,370
63,922,782

11,497
71,254,036
83,956,902

(2) Consolidated Statements of Income and Comprehensive Income(Consolidated Statements of Income)(Thousands of yen)
Fiscal year ended
March 31, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Gain on investments in investment partnerships
Subsidies for employment adjustment
Cooperation income
Other
Total non-operating income
Non-operating expenses
Loss on investments in investment partnerships
Commission for purchase of treasury shares
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on liquidation of subsidiaries andassociates
Total extraordinary income
Extraordinary losses
Impairment losses
Loss on sale of land
Loss on valuation of investment securitiesRetirement benefits for directors (and otherofficers)
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

Fiscal year ended
March 31, 2024

20,346,659
9,109,140
11,237,518
7,110,844
4,126,673

36,575,140
16,747,328
19,827,812
8,133,485
11,694,326

509,311－3,780
28,42275,517
617,031660,505
12,426－－
133,622806,554

10,0583,349
13,4074,730,297－－－
12,500,881

1,894
543,186－
96,6992,208－

547,289

96,699509,386
3,966
395

－
－－

3,120

17,100516,868
4,760,718
1,681,022(65,152)
1,615,870
3,144,848
3,144,848

17,10012,580,481
4,366,708(372,213)
3,994,495
8,585,986
8,585,986

(Consolidated Statements of Comprehensive Income)(Thousands of yen)
Fiscal year ended
March 31, 2023
ProfitOther comprehensive income
Valuation difference on available-for-salesecurities
Remeasurements of defined benefit plans, net oftax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to ownersof parent

Fiscal year ended
March 31, 2024

3,144,848

8,585,986

915,1113,284,877(108,319)

492,944806,791
3,951,640

3,777,821
12,363,808

3,951,640

12,363,808