To S h a re h o l d e r s a n d I n v e s t o r sBusiness Reportfor the 91st Term
From April 1, 2023 to March 31, 2024

Securities Identiﬁcation Code: 6455

TOP MESSAGE

G r eet ing

Thank you for your continuing support.
The Morita Group was founded in 1907. The engineering andWe define our purpose - our reason for being in society – asfollows.

manufacturing skills we learned along the way, after developing

Precisely because this is an era of radical change and highJapan’s first gasoline-powered fire pump, became the foundationuncertainty, we believe it is more important than ever to clarify

that allowed us to continue taking firefighting technology forward,

our reason for being and the values we can provide to society,and we have constantly safeguarded the lives and assets ofand bring together the capabilities of people with an unflagging

people from fires and disasters. Today, we safeguard humanpassion for change.

lives and the environment more broadly by developing recycling
facilities and environmental conservation vehicles.

Our commitment to this remains continuing and unwavering,as we dedicate ourselves to securing a future filled with peace ofmind. Through our advanced technology - the source of so many

Safeguarding lives and the environment. Securing peace of mind.

groundbreaking products - we must constantly reinvent ourselves,

Technology, powered by visionary challenge.

and keep tackling the challenges of creating a sustainable future.
I hope we can count on your continuing support for the Morita
Group as we move forward.

Masahiro Nakajima Chairman & CEOShinichi Kanaoka President
stOverview of 91 TermNet sales¥95,205 million
Year on yearUp17.0%

Operating income

Ordinary income¥9,453 million¥9,627 million

Year on year

Year on year

Up 86.0%

Up 62.8%

Profit attributable toowners of parent¥6,011million
Year on year

Up 50.4%

During the period of this consolidated fiscal year, the outlook

In the results for this consolidated fiscal year, in comparison

for the Japanese economy remained uncertain due to the ongoingwith the previous period, the orders received increased by 2,566

depreciation of the yen in foreign exchange markets and risingmillion yen to 87,443 million yen (up 3.0%), and net sales increased

energy and raw material prices.

by 13,860 million yen to 95,205 million yen (up 17.0%). As for profit

In this business environment, the Morita Group has been workingand loss, in comparison with the previous consolidated fiscal year,

on various measures to enhance corporate value with the aim ofoperating income increased by 4,371 million yen to 9,453 million

becoming a Global Fire Fighting and Disaster Prevention Solutions

yen (up 86.0%), ordinary income increased by 3,714 million yen toCompany as stated in our Mid-term Plan "Morita Reborn 2025."

9,627 million yen (up 62.8%), and profit attributable to owners ofparent increased by 2,014 million to 6,011 million yen (up 50.4%).

MORITA NEWS
Fire Fighting Vehicles Business

Launched "Integrate One," a heavy-duty chemical and water
tower truck with a foam liquid tank

In response to the multiple accidents at petrochemical complexes where large quantities of hazardous materials and high-pressure gas wereaccumulated during the 1960s to the 1970s, the Petroleum Industrial Complexes Prevention Act was enacted in December 1976. The act is to oblige
specific business operators handling hazardous materials to deploy a three-piece set of fire trucks (water tower truck, chemical tender and foam liquidtanker).
Later, in 2006, a partial revision of the Order for Enforcement of the Act on the Prevention of Disaster in Petroleum Industrial Complexes made it
possible to replace these three types of fire truck with heavy-duty chemical and water tower truck, with the functions of a chemical tender added to awater tower truck, and foam liquid tanker (a two-piece set of fire trucks). Until now, Morita has provided the market with fire trucks corresponding tothese three-piece and two-piece sets of fire trucks.
In 2023, Morita developed the "Integrate One" (heavy-duty chemical and water
tower truck with a foam liquid tank) that integrates the functions of these fire trucks
into a single vehicle. The main feature of "Integrate One" is that it allows a small
number of people to start firefighting activities quickly because the connection of eachvehicle is not required.
In May 2023, the Order for Enforcement of the Act on the Prevention of Disasterin Petroleum Industrial Complexes was partially amended, allowing the operation ofheavy-duty chemical and water tower truck with a foam liquid tank. We announced
the product at the Tokyo International Fire and Safety Exhibition 2023, held in June
2023, and has started sales.
Morita will continue to provide easy-to-use solutions and reliable solutions foreveryone involved in the firefighting business.
Fire Protection Equipment & Systems Business" Factory Fire Fighting and Disaster Prevention Solutions " initiative

Morita Miyata Corporation interviews companies that are looking to renew their fire protection equipment
as a BCP (Business Continuity Plan) measure due to the return of manufacturing to Japan and increased
disaster prevention awareness, in terms of both “mandatory installation” in accordance with firefighting-related
regulations and “optional installation” carried out voluntarily by customers. We are working on "Factory FireFighting and Disaster Prevention Solutions" as a new business in which we can demonstrate our wide ranging
product knowledge, understanding of firefighting-related regulations and ability to make proposals that we havecultivated in firefighting equipment business to date. In fiscal year 2023, we received and completed multipleorders for large projects, including the factory of a major electronics manufacturer.
In addition, together with Morita Environmental Tech Corporation, we are also working to create solutions forfires at waste treatment facilities, and are aiming to expand the market and make a leap forward become a FireFighting and Disaster Prevention Solutions Company by stimulating moves to create synergistic effects within thegroup.
Recycling Machines Business

Launched " Tras-Hopper™" a mobile cutting machine~ We have realized the expansion of flexibility and greater stability of operations, and the reduction of installation costs ~Morita Environmental Tech Corporation has launched the mobile cutting machine " Tras-Hopper™". In response to the growing problem of climatechange, the global trend toward a circular economy and carbon neutrality are accelerating. In the steel industry too, there is a clear trend to replacesome of the conventional blast furnace production with electric furnaces in order to reduce CO2 emissions.
While it is observed that there will be a shortage of steel scrap which is the main raw material for electric furnaces in Japan in the future, more
efficient and flexible processing and steel scrap operation are required. To solvethese issues, we have developed the " Tras-Hopper™" mobile cutting machine as anew solution not only for the conventional steel scrap industry, but also for directprocessing in places such as areas affected by large-scale disasters and building
demolition sites.
We also exhibited this product at the New Environmental Exposition 2024, heldin May 2024, and received great interest from visitors.

Related video clip
" Tras-Hopper™" mobile cutting machine(Morita Environmental Tech Corporation)

Watch video
clip here

https://youtu.be/uucQI2dO0Nk?si=FCt3Cq8sIoS40Fk6

Cover Page

Picture drawn by Kei Shinguchi (5th grader *at the time of application),winner of the first prize in the 19th "Future fire truck" idea contest for elementary students nationwide.

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Financial Highlights (Consolidated)
Net sales

Profit attributable toowners of parent

Operating income

Unit: Millions of yen

Unit: Millions of yen

84,667 83,602 81,344

Unit: Millions of yen

95,205
8,855

9,453

8,115

6,224

6,011

5,350
3,996

5,0812021.3

2022.32023.32024.32021.3Operating income to net sales

2024.32021.32022.32023.32023.32024.3

Unit: %

8.4

9.9

9.7

2022.3

Dividend on equity（DOE）

Unit: %

6.7

6.9

2.4

2.4

2.4

2024.32021.32022.32023.3

2.6

4.9

6.2

2021.32023.3Return on equity（ROE）

Unit: %

10.5

2022.32024.32021.32022.32023.32024.3

Performance by Segment
Fire Protection Equipment& Systems BusinessFire Fighting Vehicles BusinessNet sales

Operating income

Net sales

Operating income

Year on year

Year on year

Year on year

Year on year

23,772million yen
Up 14.1％

3,272million yen
Up 61.7％

Up 21.2％

Both sales and profit increased
due to well progressed sales offire extinguishers and firefighting
equipment.

Environmental Conservation
Vehicles Business

11.4%

Operating income

Year on year

Year on year

10,868 million yen 748million yen
Up 27.5％

Both sales and profit
increased because of thesteady sales of products.

Net sales
composition

6.5 %4,716million yen
Up 166.3％

Both sales and profit
increased due to wellprogressed sales ofproducts in Japan.

25.0%

Net sales

Up 11.4％

54,379million yen

57.1%

Recycling Machines BusinessNet sales

Operating income

Year on year

Year on year

6,185million yen
Up 5.1％

Both sales and profit
increased because of thesteady sales of products.

718million yen
Up 2.3％

Company Profile and Stock Information
Company Name

MORITA HOLDINGS CORPORATION

Major Group Companies

FoundedApril 23, 1907

MORITA CORPORATION

Established

July 23, 1932

Paid-in capital

4,746 million yen

Osaka Head Office

3-6-1 Dosho-machi, Chuo-ku, Osaka-shi, Osaka

Tokyo Head Office

5-36-7 Shiba, Minato-ku, Tokyo

Business

Control/management of business activities of

1-5 Techno Park, Sanda-shi, Hyogo, 669-1339,
Japan
Development, manufacturing and sales of ladder trucks,pumpers, and other fire trucks and specialty vehicles.

group companies, and being entrusted withindirect management operations

Executives

MORITA MIYATACORPORATION

3-5-7 Ariake, Koto-ku, Tokyo, 135-0063, Japan

MORITAENVIRONMENTAL TECHCORPORATION

1530 Konoda-cho, Funabashi-shi, Chiba, 2740081, Japan

Development, manufacturing and sales of fire
extinguishing-related equipment, mainly of fire
extinguishers, firefighting equipment and fireprotection-related equipment

Design and construction of waste recycling facilities
and other waste disposal facilities. Development,
manufacturing and sales of large hydraulic equipment

As of June 21, 2024

Chairman & CEO

Masahiro Nakajima

President

Shinichi Kanaoka

Director and Managing Executive Officer

Shinya Murai

Director

Mitsuo Isoda

Director

Takao Kawanishi

Director

Masaki Hojo

Director

Mari Kaneko

Director

Masayoshi Kato

Director

Hiroyuki Fukunishi

Full-Time Corporate Auditor

Eiji Asada

Full-Time Corporate Auditor

Michihiro Hiraoka

Auditor

Masaru OtaAuditor

Shozo NishimuraManaging Executive OfficerKunio Morimoto

Managing Executive Officer

Mitsuru Ito

Executive Officer

Ritsuo Nishida

MORITA ECONOSCORPORATION

28 Techno Park, Sanda-shi, Hyogo, 669-1339, JapanDevelopment, manufacturing and sales of environmental
conservation vehicles such as sanitary vehicles andgarbage trucks

MORITA TECHNOSCORPORATION

32 Techno Park, Sanda-shi, Hyogo, 669-1339,
Japan
Aftercare service and maintenance of fire trucks and of rescue
equipment. Development, manufacturing and sales of electronic
applied machinery and information processing machinery

BRONTO SKYLIFT OY AB

Teerivuorenkatu 28, FI-33300 Tampere, Finland
Development, manufacturing and sales of combined
platform ladders and aerial platforms

Breakdown of Shares
by Type of Shareholder
Treasury shares 7.0％

Securities companies

1.0％

Other Japanese
corporations

8.9％

Non-Japanese
corporations

Total

46,918,542

14.9％

Information about the Stockshares

Annual General

June

Major Shareholders (Top 10)

Annual General Meeting of Shareholders - March 31

N a meYear-end Dividend - March 31
Interim Dividend - September 30
Other dates published in advance as necessary

Method of Public Notice

Posted as electronic public notice on company website
https://www.morita119.com/ir/stock/kohkoku.html

Shareholder Registry

Sumitomo Mitsui Trust Bank, Limited

Administrator

1-4-1 Marunouchi, Chiyoda-ku, Tokyo

Handling Office ofStock Transfer Agency Department, Sumitomo

Shareholder Registry

Mitsui Trust Bank, Limited

Administrator

4-5-33 Kitahama, Chuo-ku, Osaka-shi, Osaka(Postal Address)

Stock Transfer Agency Department,
Sumitomo Mitsui Trust Bank, Limited
2-8-4 Izumi, Suginami-ku, Tokyo, 168-0063(Telephone Inquiries)+81-3-3323-7111(Internet Website URL)

https://www.smtb.jp/personal/procedure/agency/

Stock Exchang Listing

Tokyo Stock ExchangeNumber of shares per unit

100 shares

Osaka Head Office

5-36-7 Shiba, Minato-ku, Tokyo, 108-0014
Tel. +81-3-6400-3480

https://www.morita119.com/en/

As of March 31, 2024
No. of shares(thousand)

The Master Trust Bank of Japan, Ltd. (Trust account)

4,452

Morita Trading-Partner Shareholding Association

2,283

The Dai-ichi Life Insurance Company, Limited

2,123

Mizuho Bank, Ltd.

2,087

MUFG Bank, Ltd.

2,048

AIR WATER INC.

1,730

Custody Bank of Japan, Ltd.

1,729

Sumitomo Mitsui Banking Corporation

1,707

Sumitomo Mitsui Trust Bank, Limited

1,667

Morita Employee Shareholding Association

935Notes: 1. Number of shares held is rounded down to the nearest thousand shares.
2. The Company holds treasury shares numbering 3,282 thousand shares.

3-6-1 Dosho-machi, Chuo-ku, Osaka-shi, Osaka, 541-0045
Tel. +81-6-6208-1907

Tokyo Head Office

38.5％

29.6％

April 1 to March 31

Reference Dates

Financial institutions

Individuals/others

Fiscal Year
Meeting of Shareholders

As of March 31, 2024