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.

January 31, 2024

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2023
(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 to file quarterly securities report:
February 14, 2024
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results: None
Holding of quarterly financial results briefing:
None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 toDecember 31, 2023)(1) Consolidated operating results (cumulative)
Net sales
Nine months ended(Percentages indicate year-on-year changes.)

Operating profit

Profit attributable toowners of parent

Ordinary profit

Million yen%

Million yen%

Million yen%

Million yen%

December 31, 2023

27,378

99.0

9,181

268.5

9,834

228.1

6,725

200.8

December 31, 2022

13,755

24.6

2,491

91.4

2,997

40.3

2,236

35.5

Note: Comprehensive income

For the nine months ended December 31, 2023:
For the nine months ended December 31, 2022:

Basic earnings
per share
Nine months ended

8,628 million yen [171.3%]
3,181 million yen[(21.5%)]

Diluted earnings
per shareYen

Yen

December 31, 2023

395.68393.65December 31, 2022

134.93‐(2) Consolidated financial position
Total assets
As ofNet assets

Million yen

Equity-to-asset ratio

Million yen

Net assets per share
Yen%

December 31, 2023

78,744

66,49784.4

3,783.55

March 31, 2023

63,92256,30788.1

3,429.37(Reference) Shareholders’ equity: As of December 31, 2023:66,482 million yen

As of March 31, 2023:56,307 million yen

2. Cash dividends
Annual dividends per share
1Q-end2Q-end3Q-endYear-end

TotalYen

YenYenYen

Yen

FY2023‐35.00‐35.0070.00FY2024‐

60.00

‐
45.00

105.00

FY2024 (Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None‐3. Forecast of consolidated financial results for the fiscal year ending March 31, 2024 (from April 1, 2023
to March 31, 2024)(Percentages indicate year-on-year changes.)
Net sales

Full year

Operating profit

Profit attributable toowners of parent

Ordinary profit

Net income per share

Million yen%

Million yen%

Million yen%

Million yen%

yen

32,000

57.3

9,300

125.4

10,000

111.4

6,600

109.9

379.05

Note: Revisions to the forecast of operating results most recently announced: None* 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) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) 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
(4) Number of issued shares (common shares)(i)

Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

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 December 31, 2023

5,148,604 shares

As of March 31, 2023

6,300,865 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscalyear)
Nine months ended December 31, 2023

16,998,516 shares

Nine months ended December 31, 2022

16,574,218 shares* Quarterly financial results reports are exempt from quarterly review 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.

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets(Thousands of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable trade
Lease receivables and investments inleases
Securities
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netLand
Other, net
Total property, plant andequipment
Intangible assets
Investments and other assets
Investment securities
OtherAllowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets
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
Other
Total non-current liabilities
Total liabilities

As of December 31, 2023

22,700,571

26,271,262

4,430,108

6,352,545

412,793

391,314349,965
2,183,557
172,942
3,247,645
1,681,447(56,412)35,122,618

350,105
4,843,443
389,295
5,659,684
1,662,151(57,513)45,862,288

5,226,755
9,628,287
309,242

5,126,524
10,072,896
728,736

15,164,285

15,928,157

306,158

325,653

11,471,098
2,350,102(491,481)
13,329,720
28,800,163
63,922,782

14,940,889
2,174,702(486,825)
16,628,765
32,882,576
78,744,864

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

5,133,340
253,268
2,596,129
178,052
1,659,250
9,820,041

294,372

239,623

177,990

188,790585,916
61,447
1,028,684
2,148,410
7,615,412

600,497
61,797
1,337,051
2,427,759
12,247,801

(Thousands of yen)
As of March 31, 2023
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on availablefor-sale securities
Remeasurements of defined benefit
plans
Total
accumulated
othercomprehensive income
Share acquisition rights
Total net assets
Total liabilities and net assets

As of December 31, 2023

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

7,934,100
9,218,414
56,242,091(10,327,109)
63,067,496

1,641,643

3,512,547(129,727)(97,781)

1,511,915

3,414,766－
56,307,370
63,922,782

14,80066,497,063
78,744,864

(2) Quarterly Consolidated Statements of Income and Comprehensive Income(Quarterly Consolidated Statements of Income)(For the nine months ended December 31, 2023)(Thousands of yen)
Nine months ended
December 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative
expenses
Operating profit
Non-operating income
Dividend income
Other
Total non-operating income
Non-operating expenses
Commission for purchase of treasury
sharesTotal non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Total extraordinary income
Extraordinary losses
Loss on sale of land
Retirement benefits for directors (andother officers)
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

Nine months ended
December 31, 2023

13,755,358
6,023,389
7,731,969

27,378,632
12,280,674
15,097,957

5,240,301

5,916,781

2,491,667

9,181,176

414,838
94,209509,047

559,285
93,595652,881

3,349

－

3,349
2,997,366－
9,834,057

1,894
268,488
270,382－
81,267
81,267

3,966－

3,120

17,1007,086
3,260,663
928,040
96,313
1,024,353
2,236,309
2,236,309

17,1009,898,225
3,337,094(164,793)
3,172,301
6,725,923
6,725,923

(Quarterly Consolidated Statements of Comprehensive Income)(For the Nine months ended December 31, 2023)(Thousands of yen)
Nine months ended
December 31, 2022
ProfitOther comprehensive income
Valuation difference on available-forsale securities
Remeasurements of defined benefit
plans, net of tax
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable toowners of parent

Nine months ended
December 31, 2023

2,236,309

6,725,923

926,464

1,870,904

18,31031,946

944,775
3,181,084

1,902,851
8,628,774

3,181,084

8,628,774