TOPICSTSE Securities Code : 7999

Five MUTOH Large Inkjet Printer Models
Received "2022 Pinnacle Product Award

MUTOH HOLDINGS CO., LTD.

Interim Business Report

The Pinnacle Product Award recognizes products that improve or advance the printing industry throughoutstanding contributions in quality, performance, and productivity.
Sponsored by the Printing United Alliance, Inc.

11 Straight Years of Awards for MUTOH Printers!

April 1, 2022 to September 30, 2022
We would like to express our sincerest gratitude to all the shareholders who have continued
to support us.
We hereby present our 74th (Fiscal Year 2022) Interim Financial Report, covering the MUTOH
Group's business performance and activities.

Yasuhiko Isobe
MUTOH HOLDINGS CO., LTD.
President and Representative Director

Business Progress and Outcome

Design and manufacture of high quality Made In Japan products and the best service!
MUTOH offers products that are of the highest quality in the industry.
Company Profile (As of September 30, 2022)
Name:
Established:
Capital Stock:
Head Office:

MUTOH HOLDINGS CO., LTD.
March 5, 1952
(founded: December 1942)
10,199 million yen
1-3, Ikejiri 3-chome, Setagaya-ku, Tokyo 154-8560
TEL: +81-3-6758-7100

Group Business

Website Address:

Development, manufacturing and sales of Information and Image
Related Equipment (Large format inkjet printer, 3D printer)
Development of Information Services (CAD and system solutions, software)
Development, manufacture, and sales of design, drafting, andmeasurement and control equipment
https://www.mutoh-hd.co.jp

In the global economic environment during the first half of FY2022, there is a growing sense ofcaution about the economic slowdown and the spiral of rising wages and prices due to thepromotion of monetary tightening policies amid continuing inflationary pressures. Furthermore,
the outlook is highly uncertain due to geopolitical risks, including the protracted situation inUkraine, and the response to extreme weather conditions worldwide.
Under these circumstances, the Group has been working on new management initiatives under
the new normal in the COVID-19 Disaster, and in each of development, manufacturing, andsales, we have been promoting measures emphasizing cash flow, such as improvement ofprofitability, appropriate inventory management, reduction of assets held, and drastic review of
fixed costs, as well as reform of gross profit structure through new products. In addition, theCompany has been promoting reform of the gross profit structure through new products.
In the design and measurement equipment business and 3D printer business, we commercialized
the "MUTOH Package for Educational Institutions," which provides total services from CAD to 3D
output, through collaboration between the two businesses, and marketed it as a solution tomeet the needs of digitization education in Japan.
Meanwhile, in the large-format inkjet printer business, our core business, we will appeal topeople's senses with productivity that is up to 189% higher than that of conventional models
and smooth, beautiful image quality.
We launched the XpertJet 1682SR Pro, a top-of-the-line model that delivers "rich expression"and "vivid color. In addition, five MUTOH printers received the 2022 Pinnacle Product Award
from the Printing United Alliance, which is given to products that have made outstanding
contributions to quality, performance, and productivity, and have improved or advanced theprinting industry. This is the 11th consecutive year that MUTOH printers have received this award.
MUTOH will always provide products that achieve the highest level of quality in the industry
through the design and manufacture of high quality made-in-Japan products and the bestservice.
As a result of the above, net sales for the first half of the consolidated fiscal year under review
amounted to 8,473 million yen (up 8.6% year-on-year), partly due to the effect of yen
depreciation, although some product shipments were affected by the ongoing supply issues ofkey components, Operating income increased significantly to 503 million yen (up 110.8% yearon-year) due to the effect of yen depreciation and efforts to improve the cost of sales ratio,
despite factors that reduced profits due to distribution costs and soaring raw material prices.
Ordinary income was 479 million yen (up 51.2% year-on-year) due to non-operating income of
64 million yen and non-operating expenses of 88 million yen, while net income attributable toowners of the parent was 328 million yen (down 55.8% year-on-year) due to the posting ofincome taxes. (The decrease in net income was mainly due to the absence of extraordinary gains
on sales of fixed assets recorded in the previous fiscal year.)In response to the rapidly changing business environment, the MUTOH Group has formulated the"MUTOH Group Medium-Term Management Plan" starting from the current fiscal year (FY2022).
The MUTOH Group will work to reform its business structure with the aim of establishing a stableearnings base based on sustained revenue growth.
As a result of the above, the full-year forecast for FY2022 is expected to exceed the initial
forecast based on recent performance trends.
We expect net sales of 17,000 million yen (up 5.6% from the initial forecast), operating incomeof 800 million yen (up 100% from the initial forecast), ordinary income of 750 million yen (up87.5% from the initial forecast), and net income attributable to owners of the parent of 400
million yen (up 300% from the initial forecast).
In addition, in order to respond to the support of our shareholders, we plan to raise the year-end
dividend for the fiscal year ending March 31, 2023, which had been undecided, by 3 yen fromthe previous year to 38 yen per share.
We would like to thank you all for your continued support.

Consolidated Financial Highlights■■Interim ■Full-Year● ―● Interim ―● Full-Year―

Shareholder Information
Business Year :General Meetingof Shareholders :Year-end Dividend :Interim Dividend :Public Notices :From April 1 to March 31 of the following year
In June each year
March 31 each year
September 30 each year
Public notices shall be made on the Company’s
website (https://www.mutoh-hd.co.jp).
* In case the public notices are not available on theCompany’s website due to unavoidable
circumstances, such notices shall be made in theNihon Keizai Shimbun

Administrator :Address :Mailing Address :Phone Number :Sumitomo Mitsui Trust Bank, Limited
Stock Transfer Agency Department
4-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8233
8-4, Izumi 2-chome, Suginami-ku, Tokyo 168-0063
TEL: +81-120-782-031 (toll-free)【Inquiries about stock-related procedures such as change of address】

Shareholders who use an account at a securities company cannot complete the procedures at Sumitomo Mitsui
Trust Bank, Limited so please contact your securities company.
Shareholders who do not have an account with a securities company should contact the above phone numberfor inquiries. For more information and frequently asked questions, please check the "Frequently Asked
Questions (FAQ)" website above.

【Change of address, purchase or sale of shares less than one unit, etc.】

Please contact the securities company with which you have an account.
For shareholders who have opened special accounts because they do not have an account with a securities
company, please contact Sumitomo Mitsui Trust Bank, Limited, which is the account management institution for
special accounts.

【Payment of unpaid dividends】

Please contact Sumitomo Mitsui Trust Bank, Limited, the shareholder registry administrator.

【About special accounts】

For shareholders who did not use "Hofuri" (Japan Securities Depository Center, Inc.) prior to thecomputerization of stock certificates, an account (called a special account) will be opened at the abovementioned Sumitomo Mitsui Trust Bank, Limited, which is the administrator of the shareholder registry.
For inquiries about special accounts and notification of address changes, etc., please contact the phone number above.

¥8,473 million

Net Sales

Operating Income

16,1248,293

FY201914,151
6,272
FY2020https://www.smtb.jp/personal/agency/index.html
https://faq-agency.smtb.jp/?site_domain=personal

Ordinary Income−65

15,848503
316−62−576

FY2021−291

FY2022(Interim)

Proﬁt (Loss) Attributableto Owners of Parent−597−564

FY2019FY2020¥328 million−600
FY2021

FY2022(Interim)

FY2019

Capital-to-asset Ratio

FY202077.8 %(million)

773744−111(%)

80.9

328

−592

77.3

77.8

77.8

75.9
76.7
−1,015FY2019(million)

479

−452

8,473

7,801

¥479 million
743(million)

541
238* Stock transfer agent services are provided at branch
offices in Japan of Sumitomo Mitsui Trust Bank, Limited.

Website :FAQ :¥503 million(million)

73.6−1,200
FY2020

FY2021

FY2022(Interim)

FY2019FY2020

FY2021

FY2022(Interim)

FY2021

FY2022(Interim)