UNOFFICIAL TRANSLATION
The formal official document is in Japanese

Summary of Consolidated Financial Results for the First Three Quarters ofFiscal Year ending September 30, 2022 (Japanese Accounting Standards)
August 5, 2022
Listed Company Name: MTI Ltd.
Listing Exchanges:
Tokyo Stock Exchange
Securities Code9438
URL
https://ir.mti.co.jp/eng/
Representative:
Toshihiro Maeta, President and Chief Executive Officer
Contact:
Hiroshi Matsumoto, Senior Managing Director
Phone: +81-3-5333-6323
Scheduled date to submit the Quarterly Securities Report (Shihanki Houkokusho): August 15, 2022
Scheduled date of dividend payment: Supplementary documents for quarterly results: Yes
Quarterly results briefing: Yes (for securities analysts and institutional investors(On-demand))(Figures less than one millions of yen are omitted)

1. Consolidated business results for the nine months ended June 30, 2022
(October 1, 2021– June 30, 2022)(1) Consolidated operating results (cumulative total)
Net salesFirst three quarters of fiscal year
ending September 30, 2022
First three quarters of fiscal year
ended September 30, 2021
(Note) Comprehensive income

Operating income

Millions of yen%

19,354(0.8)

19,504

0.1

Millions of yen%

Millions of yen%

Millions of yen%

422 (76.5)

87 (93.1)(88)－

1,796 (11.0)

1,269 (35.3)(1,094)－

Nine months ended June 30, 2022: (273) millions of yen (－%)
Nine months ended June 30, 2021: (1,025) millions of yen (－%)
Net income
per shareFirst three quarters of fiscal year
ending September 30, 2022
First three quarters of fiscal year
ended September 30, 2021

(Percentages represent year-on-year changes)
Profit attributable toOrdinary income
owners of parent

Net income
per share/diluted
Yen

Yen

(1.62)－(20.02)－(2) Consolidated financial position
Total assets
As of June 30, 2022
As of September 30, 2021
(Reference) Shareholders’ equity:

Net assets

Equity ratio

Millions of yen

Millions of yen%

28,61631,90818,567
21,243

51.7
54.6

As of June 30, 2022: 14,786 millions of yen
As of September 30, 2021: 17,426 millions of yen

2. Dividends
Dividend per share
End of firstquarter

End of secondquarter

Yen

Fiscal year ended September 30, 2021
－Fiscal year ending September 30, 2022－
Fiscal year ending
September 30, 2022(forecast)(Note) Revisions to dividend forecasts published most recently: No

End of thirdquarter

Year end

AnnualYenYenYenYen

8.00
8.00

－－

8.00

16.00

8.00

16.00

3. Forecast for consolidated business results for the fiscal year ending September 30, 2022
(October 1, 2021 – September 30, 2022)
Net sales
Full year

Millions of yen

25,800(Percentages represent year-on-year changes.)
Profit attributable toNet income
Ordinary income
owners of parentper share

Operating income%Millions of yen%

Millions of yen%

Millions of yen%

Yen

0.2

300

(84.5)(100)－(190)－(3.47)(Note) Revisions to forecasts for consolidated business results published most recently: Yes* Note:(1) Important changes of subsidiaries during the term(changes in specified subsidiaries resulting in change in scope of consolidation): Not applicable
New: –Exception: –(2) Application of specific accounting treatment to the preparation of quarterly consolidated financial statements: Notapplicable(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:

ApplicableNot applicableNot applicableNot applicable(4) Number of outstanding shares (common shares)(i) Number of shares outstanding at the end of period (including treasury shares):6/22: 61,248,200 shares
9/21: 61,248,200 shares(ii) Number of treasury shares at the end of period
6/22: 6,450,273 shares
9/21: 6,496,273 shares(iii) Average number of shares during the period (quarterly consolidated cumulative period)
Nine months ended 6/22: 54,774,419 shares
Nine months ended 6/21 54,687,183 shares* Status of a quarterly review
This earnings release is not subject to an audit.

* Cautionary statement with respect to forward-looking statements
The forward-looking statements included in this material are based on the Company’s judgments, assumptions, andconvictions 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 inthe situation of operations in Japan 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 4 of the Accompanying Materials describes notes on the assumptionsof the earnings forecasts and the use of the earnings forecasts.
While the Company planned to hold a briefing on earnings in the first three quarters chiefly for securities analysts andinstitutional investors, will post the on-demand delivery of the briefing and related materials on its website on Monday,
August 8, 2022, for original Japanese version. English dubbing will be available at a later date.