Financial Results Briefing
Material for 2023
November 9, 2023
Securities Code：9438

This report contains forward-looking statements on businessperformance based on the judgments, assumptions, and beliefs
of management using the information available at the time.
Actual results may differ materially due to changes in domestic
or overseas economic conditions or changes in internal orexternal business environments or aspects of uncertainty
contained in the forecasts, latent risks or various other factors.
In addition, risk and uncertainty factors include unpredictableelements that could arise from future events.

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Contents
Financial Results… P2
Overview for FY2023
Financial highlight… P28

Image of
… P31
medium-term profit

Consolidated P/LConsolidated SG&A
Achievement Ratio for Earnings Forecast
Performance by segment

Approach in FY2024 … P18
Basic policies and priority issues for FY2024
Cloud drug record service
Maternal health record book app + Childcare DX services
School DX business

Earning forecast
for FY2024

Capital policy … P33
Appendix …P36
Consolidated B/SConsolidated P/LConsolidated SG&A
Business of segment
The list of main healthcare services
Overview of healthcare services
Cloud drug record service
Maternal health record book app
School DX business

Copyrights (c) 2023 MTI Ltd. All Right Reserved

1Financial Results Overview for FY2023

Copyrights (c) 2023 MTI Ltd. All Right Reserved

I would now like to give you an overview of the results for the fiscal
year ending September 2023.

2

Financial highlight１

FY2023 Results
YoY：Operating income decreased, profit for the period significantly increased.
Compared to forecast：Profit Overperformance
Net sales：

2

YoY

Compared to forecast¥26,798million+319million(1)million

Operating income：¥298million(572)million+98million

Profit attributable toowners of parent：¥753million+1,683million+293million

FY2023 Achievements and initiatives
・Healthcare business：Take up of the Cloud drug record service and Childcare DX services
expanded, and losses contracted significantly.
・School DX business：Expansion in the number of introduced schools, reduction in losses.
・Other business： Loss-making projects in the DX support business for companies
have wound down.

3

Earnings forecast for FY2024
Net sales：
Operating income：¥27,000million¥1,000million

YoY

+0.8%

+235.1%

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Here are the financial highlights.
(1) For the fiscal year ending September 2023, the net sales
remained flat compared to the previous period, operating profit
decreased, and net profit significantly increased. In terms of
performance forecast comparison, net sales landed as expected, andall profits exceeded expectations.
(2) Our main achievements in the FY2023 are as follows.
In the healthcare business, the number of pharmacies introducing
the cloud drug record service and the municipalities introducing theChildcare DX service have been progressing well, leading to asignificant reduction in losses.
In the school DX business, the rapid expansion of the number ofschools introduced during the April new semester resulted in a
reduction in losses.
In the other business, while dealing with loss projects in thecorporate DX support business, we were able to bring them undercontrol in the fourth quarter.
I will be explaining our initiatives in each area in greater detail, lateron.
(3) For the earnings forecast of the fiscal year ending September
2024, we anticipate a flat year-on-year net sales of 27 billion yen
and a 235% increase in operating income to 1 billion yen.

3

Consolidated P/L

Net sales : Levelling off
Operating income : decreased, profit : significantly increased（ Unit：Mil yen ）FY2022

FY2023

YoY
AmountPercentage

26,47926,798

+319

+1.2%

Cost of sales

7,787

8,425

+638

+8.2%

ratio

29.4%

31.4%

(318)

(1.7)%

+253

+1.4%

(572)

(65.7)%(27)(5.7)%+1,683-%

Net sales

18,691

18,373

ratio

70.6%

68.6%

SG&A

17,82018,074

ratio

67.3%

67.4%

Gross profit

Operating income

870

298

ratio

3.3%

1.1%

Ordinary income

485

458

ratio

1.8%

1.7%

Profit attributable toowners of parent

(930)

753

ratio

(3.5)%

2.8%

Increase in advertisingexpenses (AdGuard)

Q3: Recording of extraordinary
income for consumption tax
refund, etc., of 873 million yen

Copyrights (c) 2023 MTI Ltd. All Right Reserved

I would now like to explain the consolidated P/L.
Net sales remained flat compared to the previous period, amounting
to 26,798 million yen.
In the content business, the decrease in the number of paid
members was offset by increased revenue from the healthcare
business and school DX business.
Gross profit remained flat at 18,370 million yen compared to theprevious period, as an increase in cost of goods sold due to losses ina portion of the corporate DX support business offset other factors.
Operating profit significantly decreased to 298 million yen due to theincrease in selling, general, and administrative expenses.
Ordinary income remained flat at 458 million yen due to an increasein equity-method investment gains.
Profit attributable to owners of parent increased significantly to 753
million yen. This was attributed to a substantial increase in special
gains compared to the previous year, primarily due to therecognition of 873 million yen for "refund of consumption tax, etc."
Additionally, there was a considerable decrease in special losses
compared to the previous year.

4Consolidated SG&A

Advertising expenses : increased
Development costs（Subcontract expenses＋Depreciation）：decreased（ Unit：Mil yen ）FY2022

FY2023

YoY
AmountPercentage

17,82018,074

+253

+1.4%

Advertising expenses

1,580

2,136

+555

+35.2%

Personnel expenses

7,718

7,714

(4)

(0.1)%

Commission fee

3,094

2,954

(139)

(4.5)%

Subcontract expenses

2,136

1,965

(171)

(8.0)%

Depreciation

1,352

1,265

(86)

(6.4)%

Other

1,937

2,038

+100

+5.2%

SG&A

Increase in sales promotion
costs for AdGuard

Improved development costs(Healthcare business)

Copyrights (c) 2023 MTI Ltd. All Right Reserved

SG&A increased by 253 million yen compared to the previous year.
In the healthcare business, there was an improvement indevelopment costs, while in the content business, advertising andpromotional expenses increased due to the strong performance ofthe security-related app memberships.

5

Achievement Ratio for Earnings Forecast

Landing on the upside
FY2023
ActualFY2023
Forecast（ Unit：Mil yen ）Difference

Achievement
rate（revised on May 24）

26,80026,798(1)

100.0％

Operating income

200

298

+98

149.2%

Ordinary income

400

458

+58

114.6%

Profit attributable toowners of parent

460

753

+293

163.7%Net sales*Revised forecast on Nov 6. Operating income, ordinary income and profit attributable to owners of the parent are the same as the Nov 6 revised forecast.
Copyrights (c) 2023 MTI Ltd. All Right Reserved

The achievement ratio for the earnings forecast is as follows.
Net sales landed as expected, and all profits exceeded the forecasts.
Operating profit and ordinary profit exceeded the forecast due to theconsolidation of the treatment of consumption tax related to expired
points in the subsidiary Video Market. This resulted in an additional
49 million yen in net sales.
Profit attributable to owners of parent significantly exceeded theforecast mainly due to the sale of shares in the consolidated
subsidiary Cloudcast. This resulted in the recognition of deferred tax
assets and a negative adjustment for corporate income taxes,
among other factors.

6Performance by segment

Content
Business・Content service(Entertainment & Life content)

・Original comics service

Security

Healthcare
Business
・Healthcare service for
women
・Childcare DX service
・Cloud drug record service
・Online consultation
service, etc.

School DX
Business・School DX service

Other
Business
・AI business・DX support businessfor companies
・Solution service forcorporate

comic

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Next, I would like to explain the performance by segment.

7

Content business : Net sales and operating income（Unit：Mil yen）
5,118

5,100
4,639

4,436

QoQ

※2

※1

4,384

4,342

4,317

4,289

Levelled off net sales
・The number of paying subscribers
remained almost unchanged.

Levelled off operating income

2,014
1,534

※1
1,322

1,328

1,439

1,355

1,210

1,218

Special factors

1Q

2Q

3Q

4Q

1Q

FY2022

2Q

3Q

FY2023
売上高

営業利益

4Q

*1：Net sales & Operating income 717 million yen:
Change in treatment of consumption tax in monthly
content services that award points.
*2：Net sales 739 million yen:
Posting of spot sales of the video-streaming service.

Copyrights (c) 2023 MTI Ltd. All Right Reserved

This is the quarterly trend of the content business.
Due to the paid membership numbers remaining almost unchanged,
the net sales has been trending flat.
The fourth-quarter net sales amounted to 4.28 billion yen.
The operating profit remained flat at 1.218 billion yen.

8

Content business : The number of paying subscribers

Total paying subscribers

3.68 million subscribers
5.00

4.81

4.25 4.08

4.67 4.59

4.48 4.38

3.96 3.88 3.78

4.23 4.16

3.69 3.57

3.95 3.89

3.52 3.33

Total paying subscribers

3.80 3.79 3.76 3.73 3.69 3.68

3.27 3.20 3.20 3.18 3.16

3.14 3.13

0.75 0.73 0.71 0.71 0.70 0.69 0.66 0.64 0.62 0.62 0.60 0.59 0.58 0.57 0.55 0.55
1Q

2Q

3Q

FY2020

4Q

1Q

2Q

3Q

4Q

FY2021
Healthcare business

1Q

2Q

3Q

4Q

1Q

FY2022

2Q

3Q

Degree of decrease
is being reduced
・Brisk Security-related apps
・Mostly unchanged from theprevious quarter

4Q

FY2023

Content business

Copyrights (c) 2023 MTI Ltd. All Right Reserved

The decline in the number of paid members in the content businesshas slowed further. As of the end of September, the figure remained
steady at 3.68 million people.

9

Content business: Security-related app

Security-related apps
are growing

Total paying subscribers

Over 670 thousand people
Four functions

Ad blocking
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY2020

FY2021

FY2022

Trace blocking

Threat blocking

Parent function（Child protection
function）

FY2023Copyrights (c) 2023 MTI Ltd. All Right Reserved

The enrollment in the security-related app "AdGuard" within thecontent services is performing well. The number of paid members
reached 670,000 as of the end of September.

10

Content business: Original comics content businessNet sales
Effect of TV
drama
adaptation

Stable growth・ Reactionary decline after TV dramatization
・The serialization of hit titles
contributed
・Keep in comic titles introduced

1Q

2Q

3Q

FY2021

4Q

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q

4Q

FY2023Copyrights (c) 2023 MTI Ltd. All Right Reserved

The original comic business is experiencing stable growth.
The download numbers for the works experienced a sharp increase
when a popular series was adapted into a TV drama in January.
However, from the third quarter onwards, there has been a settling
down of sales due to the recoil from that surge.

11

Healthcare business: Net sales and operating income（Unit：Mil yen）

908

1,031

977

1,184

1,113

1,181

1,239

1,011

QoQ

Net sales growth・Cloud drug record service(Decrease in spot sales)
9

(336)

(311)

1Q

2Q

(250)

3Q

FY2022

(209)

4Q

(46)

(13)

2Q

3Q

Securing a profit

(172)

1Q

4Q

FY2023Copyrights (c) 2023 MTI Ltd. All Right Reserved

The net sales of the healthcare business increased compared to theprevious quarter, reaching 1,265 million yen.
This is due to the expansion of the number of pharmacies
introducing the cloud drug record system.
Operating profit also turned positive at 9 million yen, marking thefirst quarterly profit due to the expansion of net sales. On an annual
basis, efforts to control development costs as upfront investments,
along with the positive impact of increased revenue, are moving
towards an annual profit.

12

Healthcare business: Monthly content service

Total paying subscribers(LunaLuna, CARADA medica)

0.55 million subscribers

Total paying subscribers

Levelled off
0.62

0.62

0.60

0.59

0.58

0.57

0.55

0.55

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

FY2022

FY2023Copyrights (c) 2023 MTI Ltd. All Right Reserved

The number of paying subscribers in the healthcare business was
mostly unchanged at 550,000.

13

Healthcare business: Cloud drug record service

1,793

+164

pharmacies
introduced

1,793

Total introduced pharmacies

1,639
1,532

Steady expansion

1,382
1,264
1,096
978
765
573

864

633

451

1Q

2Q

3Q

FY2021

4Q

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q

4Q

FY2023Copyrights (c) 2023 MTI Ltd. All Right Reserved

The number of pharmacies introducing the cloud drug record service
has reached 1,793 stores, showing steady expansion.

14

School DX business: Net sales and operating income

Increased
revenue at thestart of theschool year
（Unit：Mil yen）

55

(121)

150

154

155

270

QoQ

Levelled off net sales

153

65

（Sales expansion in the second half of the year ）

(107)

(111)

(246)

1Q

272

2Q

(302)

(305)

3Q

4Q

FY2022

1Q(99)（Shrinking of deficit in the second half of the year
due to the effect of increased revenues ）

(214)

2Q

Operating deficit unchanged

3Q

4Q

FY2023Copyrights (c) 2023 MTI Ltd. All Right Reserved

The school DX business will see a concentration of revenue in thesecond half, as the introduction of "BLEND" is focused around thestart of the school year in April.
The net sales for the fourth quarter amounted to 270 million yen,resulting in an operating loss of 99 million yen. In the latter half, theoperating loss has significantly improved due to increased revenue
effects.

15

School DX business：Cloud-based school affairs support system

Total introduced schools
566

Expansion of the numberof introduced schools

340

Covers 25% of private schools

114

FY2021
April,
2021

FY2022
April,
2022

April,
2023
FY2023（3月まで）
Copyrights (c) 2023 MTI Ltd. All Right Reserved

Due to the increasing demand for cloud-based school affairs support
systems, the introduction of "BLEND" is thriving.
The number of schools introducing "BLEND" has reached 566,
covering 25% of private high schools.

16Other business (Includes DX support business for companies, AI) :Net sales and operating income（Unit：Mil yen）
1,261

1,277

1,205
1,102

1,190

1,227

1,221

1,183

Operating deficit reduced
Loss-making projects
in the DX support business for companies

have wound down

(36)
(140)

(178)

(251)

1Q

2Q

3Q

FY2022

(397)

(393)

(413)

(413)

4Q

1Q

2Q

3Q

4Q

FY2023Copyrights (c) 2023 MTI Ltd. All Right Reserved

In the fourth quarter, the net sales for the other businesses
amounted to 1,221 million yen, resulting in an operating loss of 178
million yen.
The increase in cost of goods sold in the other business segment,
particularly due to some loss-making projects in the corporate DX
support business since the third quarter of the previous fiscal year,
was substantial. However, in the fourth quarter, we were able tobring these projects to a close, resulting in an improvement in the
deficit.

17

Approach in FY2024

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Next, I would like to explain initiatives for FY2023.

18

Basic policies and priority issues for FY2024

１. Healthcare business

Further sales growth・ Further expansion of the Cloud drug record service
・ Promotion of the platform strategy of the childcare DX, "Boshimo"

２. School DX business

Further sales growth・Expansion of the number of introduced schools

3. Content business

Securing profit
・ Original comics content business growth・ Security-related app growth

Copyrights (c) 2023 MTI Ltd. All Right Reserved

In each segment, we will focus on priority issues based on thefollowing basic policies, respectively.
・In the healthcare business, we aim for further revenue growth
and achieving profitability for the full year. Specifically, we will focus
on expanding the Cloud drug record service and advancing theplatform strategy for the childcare DX.
・In the School DX business as well, we aim for further revenue
growth and significant reduction in losses.
・In the content business, the decline in the number of paying
subscribers has slowed but we plan to generate profit in thesegment as a whole through growth in security-related apps and theoriginal comic business.

19

Healthcare business: Cloud drug record service
Connecting pharmacies and patients

Cloud drug record service

Copyrights (c) 2023 MTI Ltd. All Right Reserved

I will explain the progress of the cloud drug record service in thehealthcare business.

20

Healthcare business: Cloud drug record service

Continuing to strengthen cooperation in sales and to
reinforce function development
1. Continuing to strengthen cooperation in sales•

Collaboration with a major prescription pharmaceutical wholesaler

2. Continuing to strengthen function development for differentiation•

Connecting the drug histories possessed by different pharmacies•

Home care and nursing functions•

Additive Logic, Guidance Navigation•

Planning to add electronic prescriptions and other functions as needed
Copyrights (c) 2023 MTI Ltd. All Right Reserved

In the cloud drug record service, the number of pharmacies thathave introduced dispensing pharmacies is steadily increasing.
We will continue to strengthen our sales efforts and enhance thefunctionality of the service.
To strengthen sales, we will continue to cooperate in sales with ourbusiness partner MEDIPAL HOLDINGS CORPORATION and improve
efficiency by meticulously sharing sales information.
For function enhancement, we will enable information sharing
among group stores. Additionally, we will add features for at-homeand caregiving use, as well as electronic prescription compatibility.

21

Healthcare business:
Maternal and child health handbook app + Childcare DX services
Connecting parenting households and municipalities & hospital

Maternal and child health handbook app+ Childcare DX services

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Next, I would like to explain our progress targets for the maternaland child health handbook app “Boshimo” and childcare DX services.

22

Healthcare business:
Maternal and child health handbook app + Childcare DX services
Development of the platform business starting with the maternal and child health handbook app "Boshimo"

Phase

1

2

3
・ Questionnaire and reservation
form functionality

Servicefunctionalities

Maternal and childhealth handbook app

Onlineconsultation

・ Childhood immunizations

Childcare DX(Digital preliminary examination slip , etc.)
services
・ Infant health checkup
・Visits to all households with
infantsFee
The number ofmunicipalities
introduced(Number of municipalities
nationwide 1,741)¥50,000~¥100,000/month

576*The fee structure is set by each municipality according to the number of births.

Monthly：Tensof thousandsof yen88

Initial：Millions of yen ～Monthly：Hundreds of thousands of yen ～130

Copyrights (c) 2023 MTI Ltd. All Right Reserved

In the childcare business, we have segmented our services into
phases, including the maternal and child health handbook app"Boshimo," online consultations, and childcare DX, and are
expanding our services.
Municipalities that have introduced the maternal and child healthhandbook app can additionally implement online consultations andchildcare DX services.
Childcare DX services include features such as questionnaires,
reservation form functionality, as well as services like "Infant healthcheckups," "Infant household visits," and "Childhood
immunizations."

23

Healthcare business:
Maternal and child health handbook app + Childcare DX services
Accelerated introduction of childcare DX services at municipalities using “Boshimo”
Phase1

Phase2Phase3

Maternal and childhealth handbook app

Online consultation

Childcare DX services

88

130

576

Tailwind for the“Accompanying
Support Program”*

1Q

3Q

FY2017

1Q

3Q

FY20181Q

3Q

FY20191Q

3Q

FY2020

1Q

3Q

FY2021

1Q

3Q

FY20221Q

3Q 4Q

FY20234Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
FY2020

FY2021

FY2022

FY2023

1Q

2Q

3Q

FY2022

4Q

1Q

2Q

3Q

4Q

FY2023* Policy initiated by the Ministry of Health, Labour and Welfare in January 2023. Transferred to “Children and Families Agency” from April 1 .
Copyrights (c) 2023 MTI Ltd. All Right Reserved

Among the 1,741 municipalities nationwide, the number ofmunicipalities that have introduced the "Boshimo" app reached 576
as of the end of September. "Boshimo" has become the standard
maternal and child health handbook for municipalities.
The number of municipalities that have also introduced the online
consultation service has reached 88.
The additional introduction of our focused "Childcare DX service" isprogressing well, and as of the end of September, we have reacheda total of 130 introductions.
In particular, the number of municipalities introducing the“Questionnaire” and “Appointment functions” increased, with the
Ministry of Health, Labourand Welfare’s “Accompanied Support
Program” launched in January this year serving as a tailwind.
We will continue to increase the number of municipalities
introducing childcare DX services, thereby contributing to the
expansion of revenue.

24Motivation Works Inc.

School DX businessConnecting students and teachers

Cloud-based school affairs support system

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Next, I would like to explain more about the school DX business.

25

School DX business：Cloud-based school affairs support system

Motivation Works Inc.

Improving efficiency in school administration and he quality of education
Cloud-based school affairs
support system

Learning
management

Attendance
management

Grademanagement

Formmanagement

Student
information

Student
memo

Officemanagement

・・・
Health care

Entrance exam
management

External
mock test

連絡機能
連絡管理

Copyrights (c) 2023 MTI Ltd. All Right Reserved

The cloud-based school affairs support system 'BLEND' is a school
DX service aimed at reducing administrative burdens, creating anenvironment for teachers to focus on teaching, and enhancing thequality of education.

26

School DX business：Cloud-based school affairs support system

Motivation Works Inc.

Image of medium-term profit

Aiming to expand thenumber of schools to be
introduced

Planned・ Many potential projects forApril 2024 introduction

FY2021 FY2022 FY2023 FY2024 FY2025 FY2026

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Here is an image of medium-term profit for the school DX business.
The demand for introduction in private schools is robust, and weanticipate a continued increase in the number of schools introducing
the service, leading to a trend of revenue growth in the near future.
Additionally, the reduction in implementation and operational costs
per school has created a structure where, even with an increase in
the number of introducing schools, costs are less likely to rise.
With these factors, we anticipate a sustained improvement inrevenue going forward.

27

Earning forecast for FY2024

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Next, I will explain the earnings forecast for the September 2024.

28

Earnings forecast for FY2024

Net sales：flat, operating income：increase
YoY

Net sales： ¥27,000 million+0.8 %

Operating income：¥1,000 million+235.1 %Ordinary income：¥1,000 million+118.1 %Profit attributableto owners of parent：¥400 million(46.9) %Copyrights (c) 2023 MTI Ltd. All Right Reserved

Continuing from the previous fiscal year, we will focus on the sales
growth of the healthcare and school DX businesses, aiming toincrease overall revenue.
Based on this, the performance forecast is set at consolidated net
sales of 27 billion yen, operating profit of 1 billion yen, ordinary
profit of 1 billion yen, and profit attributable to owners of parent of
400 million yen.

29

Earnings forecast for FY2024
FY2023（Actual）（Unit：Mil yen）

Full year

YoY

FY2024（Forecast）

H1

H2

Full year

H1

H2

Amount(full year)

Ratio(full year)

Net sales

26,798

13,631

13,16727,00013,00014,000

+201

+0.8%

Cost of sales

8,425

4,481

3,944

7,600

3,600

4,000

(825)

(9.8)%

Gross profit

18,373

9,150

9,222

19,4009,400

10,000+1,026

+5.6%

SG&A

18,074

9,168

8,905

18,400

9,200

9,200

+325

+1.8%

Operating income

298

(18)

316

1,000

200

800

+701

+235.1%（Ratio）

1.1%(0.1)%

2.4%

3.7%

1.5%

5.7%

Ordinary income

458

187

271

1,000

200

800

+541

+118.1%（Ratio）

1.7%

1.4%

2.1%

3.7%

1.5%

5.7%

Profit attributable toowners of parent

753

(326)

1,079

400

50

350

(353)

(46.9)%（Ratio）

2.8%(2.4)%

8.2%

1.5%

0.4%

2.5%

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Details of the earnings forecast are as shown here.

30

Image of medium-term profit

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Next, I will explain the image of medium-term profit.

31

Image of medium-term profit (by segment)

Healthcare business
Focus on expansion of stock sales (=profit)

Content business
Degree of decrease in the number of paying subscribers is reduced
Focus on highly in-demand contents

School DX business
Sharp growth in a short period of time

Other business(Includes DX support
business for companies, AI)
Copyrights (c) 2023 MTI Ltd. All Right Reserved

The image of medium-term profit is as follows.
The company is investing in new businesses such as healthcare andschool DX using the cash cow from the content business.
These upfront investments will continue in the near term, but there
is a trend of reducing losses, and we anticipate achieving
profitability in the future.
Especially, we anticipate that the school DX business will experience
the fastest business growth.
In the medium term, we consider the healthcare business to be thedriving force for profit growth. Therefore, we will continue to focus
on the successful cloud drug record and childcare DX.
Through the expansion of stock sales in each business, we aim toachieve "sustainable growth" across the entire group.

32Capital Policy

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Next, I will explain our capital policy.

33

Capital Policy

We aim for continuous growth insales and profit, and for harmonizingthem with returns to shareholders.

FY2023
FY2024(Forecast)Interimdividend

Year-end
dividend

Annualdividend

¥8

¥8

¥16

(Scheduled)(Scheduled)

¥8

¥16

¥8

※ A Dividend at the end of FY2023 are to be referred to the 28th general shareholders’ meeting on December 23, 2023.

Copyrights (c) 2023 MTI Ltd. All Right Reserved

The basic policy for MTI’s capital policy is aiming for sustainablegrowth in sales and profit in the medium and long term, and forharmonizing them with returns to shareholders.
In the interest of offering stable dividends to shareholders, we have
set the year-end dividend for fiscal year 2023 at 8 yen per share.
We expect the dividend payout for fiscal year 2024 to remainunchanged, year-on-year.

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〈Contact us〉
Investor Relations Officee-mail: ir@mti.co.jp
https://ir.mti.co.jp/eng/

Copyrights (c) 2023 MTI Ltd. All Right Reserved

Thank you for your time.

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