MORITA HOLDINGS CORPORATION

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

Consolidated Financial Results
for the Three Months Ended June 30, 2024
[Under Japanese GAAP]
July 30, 2024
Company name: MORITA HOLDINGS CORPORATION
Listing: Tokyo Stock Exchange
Securities code: 6455
URL: https://www.morita119.com/en
Representative: Shinichi Kanaoka,President
Inquiries:
Shinya Murai,Director and Managing Executive Officer
Telephone: +81-6-6208-1910
Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: None
Holding of financial results briefing: None
(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024)(1) Consolidated Operating Results(Percentages indicate year-on-year changes.)
Profit attributable to
Net sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Three months ended
June 30, 2024
18,622
27.6
1,431
894.4
1,672
476.9
993
14,598
17.6
143
289
396.8
(44)
June 30, 2023
(Note) Comprehensive income:Three months ended June 30, 2024:¥
2,060 million [142.3%]
Three months ended June 30, 2023:¥
850 million [-%]Basic earnings
per share
Three months ended
June 30, 2024
June 30, 2023

Diluted earnings per
share
Yen

Yen

22.76
(1.03)-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2024
March 31, 2024
(Reference) Equity:

Net assets

Capital adequacy ratio

Millions of yen

Millions of yen%

133,974
139,695
As of June 30, 2024:¥
As of March 31, 2024:¥

92,594
91,58391,519 million
90,511 million

68.3
64.8

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2024

-

24.00

-

24.00

48.00

Fiscal year ending March 31, 2025

25.00
None

-

25.00

50.00

Fiscal year ending March 31, 2025(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

Total

MORITA HOLDINGS CORPORATION

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)(Percentages indicate year-on-year changes.)
Profit attributable Basic earnings per
Net sales
Operating profit
Ordinary profit
to owners of parent
shareMillions ofyen%Millions ofyen%Millions ofyen%

100,000
5.0 10,000
5.8 10,500
9.1
Full year(Note) Revision to the financial results forecast announced most recently:
None* Notes:(1) Significant changes in the scope of consolidation during the period:
Newly included:(Company name:
Excluded:(Company name:Millions of
yen

%

Yen

7,000

16.4

160.13None))(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:(3) Changes in accounting policies, changes in accounting estimates, and restatement
1) Changes in accounting policies due to revisions to accounting standards and other regulations:
2) Changes in accounting policies due to other reasons: None
3) Changes in accounting estimates: None
4) Restatement: None

Yes

None

(4) Number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024:
46,918,542 shares
March 31, 2024:
46,918,542 shares
2) Number of treasury shares at the end of the period:
3,283,181 shares
June 30, 2024:
March 31, 2024:
3,282,234 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2024:
43,635,628 shares
Three months ended June 30, 2023:
43,806,790 shares* Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public
accountants or an audit firm: None
* Statement regarding the proper use of financial forecasts and other remarks
Descriptions regarding the future, including the financial projections contained in this report, are based on certain
assumptions currently available to the Company, which are, at the discretion of the Company, deemed reasonable, and theCompany gives no guarantees that it will achieve these results. In addition, actual financial results may significantly vary due
to various factors.

MORITA HOLDINGS CORPORATION

Contents of attachments
Quarterly Consolidated Financial Statements(Quarterly Consolidated Balance Sheets)...................................................................................................................2(Quarterly Consolidated Statements of Income (For the three months))....................................................................4(Quarterly Consolidated Statements of Comprehensive Income (For the three months))..........................................5(Quarterly Consolidated Statements of Cash Flows)..................................................................................................6
Segment Information, etc.
(Segment Information)...............................................................................................................................................7
Supplementary Information(Production performance, Order intake, Order backlog and Sales performance)......................................................81

MORITA HOLDINGS CORPORATION

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2024
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsElectronically recorded monetary claims operating
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, net
Machinery, equipment and vehicles, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

2

As of June 30, 2024

26,384

26,90026,668

14,631

2,468

3,073

3,481
13,047
8,022
1,747
(226)
81,592

4,975
14,519
9,147
2,303
(182)
75,36912,3392,766
18,778567
939
35,39012,182
2,713
18,779536
914
35,126

1,101
1,096
2,198

998
1,058
2,057

14,529
1,972
4,019
(7)
20,513
58,103
139,695

15,472
1,975
3,980
(7)
21,42058,604
133,974MORITA HOLDINGS CORPORATION(Millions of yen)
As of March 31, 2024
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for recall
Other
Total current liabilities
Non-current liabilities
Retirement benefit liability
Provision for retirement benefits for directors (andother officers)
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
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of June 30, 2024

10,554
10,388
1,432
2,911
1,272

8,150
9,884
1,198
773
621

190

38

462
80
11,03838,332

464
78
9,909
31,118

3,965

4,040

16

16

5,798
9,779
48,111

6,203
10,26041,3794,746
5,137
77,273(3,790)83,366

4,746
5,137
77,219(3,790)83,312

6,704

7,356

5
(2,631)
2,553
513
7,144
1,072
91,583
139,695

4(2,631)
2,969
507
8,207
1,074
92,594
133,974MORITA HOLDINGS CORPORATION

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Rental expenses
Share of loss of entities accounted for using equity
methodOther
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Relocation expenses
Total extraordinary losses
Profit before income taxes
Income taxes
Profit (loss)
Profit attributable to non-controlling interests
Profit (loss) attributable to owners of parent

4

For the three months
ended June 30, 2024

14,598
10,864
3,733
3,589
143

18,622
13,379
5,242
3,810
1,431

3
74
21
58
59
218

1
84
21
185
77
370

9
2

24
2

48

98

12
72
289

4
130
1,672

0
0

0
0

9
89
98
190
235
(44)
0
(44)

1
1
1,671
675
996
2
993

MORITA HOLDINGS CORPORATION

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Profit (loss)
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

5

For the three months
ended June 30, 2024
(44)

996

621
2
249
(0)

653
(0)
313
(5)

23

102

894
850

1,064
2,060

848

2,056

1

4

MORITA HOLDINGS CORPORATION

Quarterly Consolidated Statements of Cash Flows(Millions of yen)
For the three months
ended June 30, 2023
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for recall loss
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on sale and retirement of property, plantand equipment
Decrease (increase) in accounts receivable - trade, andcontract assets
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Purchase of intangible assets
Loan advances
Proceeds from collection of loans receivable
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Dividends paid
Dividends paid to non-controlling interests
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

6

For the three months
ended June 30, 2024

190
463
125
(28)
(5)
(77)
9

1,671
541
140
(45)
(2)
(86)
24

48

98

9

0

12,995

11,228(5,014)(4,059)
(33)
4,625
77
(9)
(1,479)3,213(3,786)(3,132)(1,918)
4,734
86
(24)
(2,746)
2,049(2,194)
0
(60)
(0)
0
(74)
(2,329)

(344)
0
(21)
1
(50)
(414)

753
(992)
(2)
(51)
(291)

(281)
(1,037)(2)(34)(1,356)

27

168

620
19,651
20,272446
25,91026,357

MORITA HOLDINGS CORPORATION

Segment Information, etc.
Ⅰ. For the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
1. Information concerning net sales, profit or loss by reporting segment, and information on disaggregation of revenue
Millions of yen
Fire Fighting
VehiclesReporting segment
Fire Protection
Recycling
Equipment &Machines
Systems

Environmental
Conservation
VehiclesTotal

Net Sales:
Revenue from Contracts with Customers

5,705

5,168

1,390

2,333

14,597

－

－

－

0

0

5,705

5,168

1,390

2,333

14,598

42

67

0

67

178

5,748

5,236

1,390

2,401

14,776

(600)

491

174

77

143

Other revenue
Sales to external customers
Inter segment sales or transfers
Total
Segment profit(loss)

2. Differences between the total amounts of reporting segments and the amounts stated in the consolidated financial statements andthe main contents of the differences (matters related to the adjustment of differences)Millions of yen
ProfitAmountTotal amount of reporting segments
Elimination of inter-segment transaction
Adjusted amount of inventories
Operating profit in the consolidated financial statements

143
－
0
143

3. Information related to losses on the impairment of fixed assets or goodwill for each reportable segment
Not applicable.
Ⅱ. For the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)
1. Information concerning net sales, profit or loss by reporting segment, and information on disaggregation of revenue
Millions of yen
Fire Fighting
VehiclesReporting segment
Fire Protection
Recycling
Equipment &Machines
Systems

Environmental
Conservation
VehiclesTotal

Net Sales:
Revenue from Contracts with Customers

8,633

2,498

18,622

－

－

－

0

0

5,963

1,526

2,498

18,622

Inter segment sales or transfers
Total

1,526

8,633

Other revenue
Sales to external customers

5,963

61

90

0

33

185

8,695

6,053

1,527

2,531

18,808

154

1,044

165

70

1,436

Segment profit

2. Differences between the total amounts of reporting segments and the amounts stated in the consolidated financial statements andthe main contents of the differences (matters related to the adjustment of differences)Millions of yen
ProfitTotal amount of reporting segments
Elimination of inter-segment transaction
Adjusted amount of inventories
Operating profit in the consolidated financial statements

Amount
1,436
－
(4)
1,431

3. Information related to losses on the impairment of fixed assets or goodwill for each reportable segment
Not applicable.

7

MORITA HOLDINGS CORPORATION

Supplementary Information[Production performance, Order intake, Order backlog and Sales performance](1)Production performance
Reporting segment

Production performance(Millions of yen)

Year on year change(%)

Fire Fighting Vehicles

11,511

47.6

Fire Protection Equipment & Systems

5,503

23.6

Recycling Machines

1,401

(3.0)

Environmental Conservation Vehicles

2,542

(4.9)

Total

20,95828.1

Note: 1. Inter-segment transactions are offset and eliminated.
2. The amount indicated above are shown as sales price.
3. The amount indicated above do not include consumption and other taxes.

(2)Order intake and Order backlog
Reporting segment

Order Intake(Millions of yen)

Year on year change(%)

Order backlog(Millions of yen)

Year on year change(%)

Fire Fighting Vehicles

33,71711.7

62,44914.7

Fire Protection Equipment & Systems

4,211

69.4

8,694

38.3

Recycling Machines

1,247(18.7)

4,303(13.7)

Environmental Conservation Vehicles

3,613

36.0

10,250

26.2

Total

42,78916.1

85,69816.1

Note: 1. Inter-segment transactions are offset and eliminated.
2. The amount indicated above are shown as sales price.
3. The amount indicated above do not include consumption and other taxes.
4. The amount of Fire Protection Equipment & Systems Business do not include those of the fire protection equipment
department because it conducts make-to-stock production.

(3)Sales performance
Reporting segment

Sales performance(Millions of yen)

Year on year change(%)

Fire Fighting Vehicles

8,633

51.3

Fire Protection Equipment & Systems

5,963

15.4

Recycling Machines

1,526

9.8

Environmental Conservation Vehicles

2,498

7.1

Total

18,622

27.6

Note: 1. Inter-segment transactions are offset and eliminated.
2. The amount indicated above do not include consumption and other taxes.

8