Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
February 8, 2024
Company name:Musashi Seimitsu Industry Co.,Ltd.

Stock exchange listing: Tokyo, Nagoya
Stock code:
7220
URL
Representative:
Inquiries:

https://www.musashi.co.jp

President & CEOHiroshi Otsuka
General Manager Finance & Accounting Div. Hiroki Matsuda

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

February 8, 2024–

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
Yes

0532-25-8111(for institutional investors and analysts)(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2023
257,40918.3
11,526 278.0
10,763 190.1
6,379–
Nine months ended December 31, 2022
217,668
26.3
3,049
(3.1)
3,710
13.0
96 (94.3)
Earnings per share

Diluted earnings per share

Yen
97.66
1.48

Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen––(2) Consolidated financial position
Total assets

Net assets

Millions of yen
277,603269,278

As of December 31, 2023
As of March 31, 2023

Equity ratio

Millions of yen
126,723
114,432

Net assets per share%
41.4
38.2

Yen
1,758.19
1,573.23

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00
15.00

Yen––

Yen
10.00

Yen
30.00

25.00

40.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)

Net sales

Full year

Millions of yen
340,000

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
Earnings per shareowners of parent% Millions of yen% Millions of yen% Millions of yen%Yen
12.8
16,000 108.4
14,500 106.3
8,500 248.9
130.191

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(2) Application of special accounting methods for preparing quarterly consolidated financial statements:NoYes(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

65,367,901 shares As of March 31, 2023

65,333,301 shares

Number of treasury shares at the end of the period
As of December 31, 2023

30,955 shares As of March 31, 2023

30,955 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

65,323,106 shares Nine months ended December 31, 2022

265,285,267 shares