February 7, 2024
For Immediate Release:
MTI Ltd.
Representative: Toshihiro Maeta,
President and Chief Executive Officer
Listing: TSE Prime [9438]
Contact: Hiroshi Matsumoto,
Senior Managing Director
Tel: +81-3-5333-6323

Notice of Revision of First Half (cumulative) and Full Year Consolidated Results Forecasts
MTI Ltd. (hereinafter the “Company”) announces that the Company will revise the consolidated results forecasts
for the first half and full year of the fiscal year ending September 30, 2024,which were announced on November
8, 2023. Detail are as follows.
1. Correction details(1) Revision of the consolidated financial forecast for the first half of the fiscal year ending
September 30, 2024
(October 1, 2023 – March 31, 2024)
ProfitOperating
Ordinary
Net sales
attributable toincome
incomeowners of parent
Millions
ofyen
Millions
ofyen
Millions
ofyen
Millions of yen
Previous announced
13,000200
200
50forecast (A)Net
incomeper share
Yen

0.91

Current announced
forecast (B)13,000

600

1,000

700

Differences（B-A）

−+400

+800

+650

Differences（%）(Reference) Previous period
first half results(For the first half of the fiscal
year ended September 30,2023)−+200.0%+400.0%+1,300.0%

13,631(18)

187(326)(5.95)(2) Revision of the consolidated financial forecast for the full fiscal year ending September 30, 2024
(October 1, 2023 – September 30, 2024)
ProfitOperating
Ordinary
Net sales
attributable toincomeincomeowners of parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Previous announced
27,000
1,000
1,000
400
forecast (A)Net
incomeper share

Current announced
forecast (B)27,000

1,000

1,400

800

Differences（B-A）−−+400+400Differences（%）(Reference) Previous periodresults(For the fiscal year ended
September 30, 2023)

−−

40.0%

100.0%

26,798298458753112.76

Yen

7.29
14.58

13.73

2. Reasons for the revisions
Net sales are expected to remain about the same as the initial forecast.
The operating income forecast for the first half has been revised upward due to higher than initially
expected operating income in the first quarter, which resulted from lower than anticipated selling, generaland administrative expenses. The initial full-year operating income forecast remains unchanged. TheCompany will be carefully reviewing the forecast for the second half in the process of reviewing the initial
forecast.
The Company has raised its forecasts for ordinary income and profit attributable to owners of parent for
the first half and the full year, taking into account the higher-than-expected operating income and a share of
profit of entities accounted for using equity method attributed to extraordinary income (gain on sale of noncurrent assets) posted at Shobunsha Holdings, Inc., an equity-method affiliate.
The Company will promptly disclose any deviation between forecasts and consolidated financial resultsthat should be disclosed.

＜Points to consider concerning forecasts
Matters stated in this material concerning results forecasts are based on assessments, assumptions andconvictions derived from information available to the Company at the time when this material is published.
They may differ significantly from actual results due to a variety of factors, including future economic
conditions in Japan and overseas, changes in conditions for business operations in Japan and overseas, oruncertain factors and potential risks inherent in forecasts. Those risks and uncertain factors include
unpredictable effects on results that may arise from future events.

Note: This document has been translated from a part of the Japanese original for reference purposes only. In
the event of any discrepancy between this translated document and the Japanese original, the original shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.

Contact information for inquiries
Investor Relations OfficeE-mail: ir@mti.co.jp URL： https://ir.mti.co.jp/eng/

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