UNOFFICIAL TRANSLATION
The formal official document is in Japanese
Summary of Consolidated Financial Results for the First Quarter ofFiscal Year ending September 30, 2015 (Japanese Accounting Standards)
February 4, 2015
Listed Company Name: MTI Ltd.
Listing Exchanges: Tokyo Stock Exchange
Securities Code:9438
URL: http://www.mti.co.jp
Representative:
Toshihiro Maeta, President and Chief Executive Officer
Contact:
Hiroshi Matsumoto, Director
Phone: +81-3-5333-6323
Scheduled date to submit the Quarterly Securities Report (Shihanki Houkokusho): February 12, 2015
Scheduled date of dividend payment: –Supplementary documents for quarterly results: Yes
Quarterly results briefing: Yes (for institutional investors)(Figures less than one million yen are omitted)

1. Consolidated business results for the three months ended December 31, 2014
(October 1, 2014 – December 31, 2014)(1) Consolidated operating results (cumulative total)
Net sales
Millions of yen

First quarter of fiscal year ending
September 30, 2015
First quarter of fiscal year ended
September 30, 2014
(Note) Comprehensive income:(Percentages represent year-on-year changes)
Ordinary income
Net income

Operating income% Millions of yen% Millions of yen% Millions of yen

%

8,209

9.5

1,333

46.7

1,315

51.1

761

78.8

7,498

2.3

909

323.6

870

303.1

425

129.8

Three months ended December 31, 2014: 880 million yen (95.2%)
Three months ended December 31, 2013: 451 million yen (81.2%)
Net income
Net income
per shareper share/diluted

First quarter of fiscal year ending
September 30, 2015
First quarter of fiscal year ended
September 30, 2014

YenYen

30.23

29.83

16.96

16.86

We conducted a 2-for-1 share split which became effective as of April 1, 2014. Net income per share is calculated on the assumption that this share split was carriedout at the beginning of the previous fiscal year.

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

As of December 31, 2014
As of September 30, 2014
(Reference) Shareholders’ equity:

Equity ratio

Millions of yen%

16,742
10,347
58.8
16,768
9,722
55.4
Year ending 9/15(as of December 31, 2014): 9,846 million yen
Year ended September 2014: 9,291 million yen

2. Dividends
End of firstquarter
Fiscal year endedSeptember 30, 2014
Fiscal year ending
September 30, 2015
Fiscal year ending
September 30, 2015 (forecast)End of secondquarter

Dividend per share
End of thirdquarter

Year end

AnnualYen

YenYen

Yen

Yen

–

10.00

–12.00–10.00–6.00––(Note) Revision of dividend forecast for during this period : Yes
We will conduct a 2-for-1 share split which becomes effective on April 1, 2015, in accordance with “Notice Regarding Share Split, Partial Changeof By-laws” released on February 4, 2015. Therefore dividends per share at the end of 2Q FY2015 (estimate) is calculated based on the figures
before the share split. However, the Year-end dividends per share are calculated based on the figures after the share split. For details, please refer
to “*Explanation for Appropriate Use of Forecasts and Other Notes” in the next page.

3. Forecast for consolidated business results for the fiscal year ending September 30, 2015
(October 1, 2014 – September 30, 2015)
Net salesFirst half year
Full year(Percentages represent year-on-year changes.)
Net income
Ordinary income
Net income
per share

Operating incomeMillions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

16,70034,000

9.3
9.7

2,000
4,200

53.3
64.2

1,960
4,120

49.6
63.5

1,040
2,270

31.5
69.7

20.65
45.07

(Note) Revisions to forecasts for consolidated business results published most recently: Yes
Net income per share in “Consolidated Forecast for the Fiscal Year Ending September 30, 2015” is calculated on the assumption that this 2-for-1
share split, which becomes effective on April 1, 2015, was carried out at the beginning of the current fiscal year. Net income per share without
consideration of share split is ¥41.29 for 2Q (Total) and ¥90.13 for Full-year term.

* Notes(1) Important changes of subsidiaries during the term (changes in specified subsidiaries resulting in change in scopeof consolidation): Not applicable
New: –Exception: –(2) Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: Not
applicable(3) Changes in accounting policies and changes or restatement of accounting estimates(i) Changes in accounting policies due to the modification in accounting methods:(ii) Changes in accounting policies other than (i):(iii) Changes in accounting estimates:(iv) Restatement:Yes
Not applicableNot applicableNot applicable(4) Number of outstanding shares (common shares)(i) Number of shares outstanding at the end of period (including treasury shares):12/14: 26,816,000 shares
9/14: 26,810,600 shares(ii) Number of treasury shares at the end of period
12/14: 1,630,464 shares
9/14: 1,630,464 shares(iii) Average number of shares during the period (quarterly consolidated cumulative period)
Three months ended 12/14: 25,183,044 shares Three months ended 12/13:25,107,558 shares
The Company conducted a 2-for-1 common stock split that became effective on April 1, 2014. The number of shares issued at the end of the period(including treasury stock), the number of treasury stock shares at the end of the period, and the average number of shares during the period are numbers
after these stock splits.

* Status of a quarterly review
A quarterly review under the Financial Instruments and Exchange Act was being conducted at the publication of this summary of
consolidated financial results.

* Cautionary statement with respect to forward-looking statements
The forward-looking statements included in this material are based on the Company’s judgments, assumptions, and convictions
based on information available to the Company at the time of publication of this document and may differ materially from actual
results for a range of factors, including conditions of Japanese and overseas economies, changes in the situation of operations inJapan and overseas, and uncertainties and potential risks inherent in forward-looking statements. The risks and uncertainties include
unforeseeable effects of future events. The information on consolidated earnings forecasts and other future forecasts on page 3-4of the Accompanying Materials describes notes on the assumptions of the earnings forecasts and the use of the earnings forecasts.
The Company will hold a briefing on earnings in the first three quarters chiefly for institutional investors on Thursday, February 5,
2015. A video of the briefing and a document to be used at the briefing will be posted on the Company’s website as soon as thebriefing ends. (A video is Japanese only.)Special note
The Company will conduct a 2-for-1 common stock split that become effective on April 1, 2015.