To S h a r e h o l d e r s a n d I n v e s t o r s

Interim Business Reportfor the 91st Term

From April 1, 2023 to September 30, 2023

BUSINESSREPORT
Securities Identiﬁcation Code: 6455

TOP MESSAGE

G r eet ing
We define our purpose - our reason for being in society - asThank you for your continuing support.
The Morita Group was founded in 1907. The engineering andfollows.

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 foundation

uncertainty, 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

Our commitment to this remains continuing and unwavering,as we dedicate ourselves to securing a future filled with peace offacilities and environmental conservation vehicles.

mind. 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 the first half of 91 TermNet sales

Operating profit

Ordinary profit¥34,588 million¥1,856 million¥2,048 million

Year on year

Year on year

Year on year

Up22.8%

Up164.1%

Up136.9%

Profit attributable toowners of parent¥893 million

Year on year

Up146.2%

During the first half of the period under review, the outlook for

For the first half of the period under review, orders received

the Japanese economy remained uncertain due to the ongoing

totaled 53,991 million yen (down 814 million yen or 1.5% year on

depreciation of the yen in foreign exchange markets and risingyear), and net sales totaled 34,588 million yen (up 6,432 million

energy and raw material prices.

yen or 22.8% year on year). As for profit and loss, operating profit

In this business environment, the Morita Group has been

was 1,856 million yen (up 1,153 million yen or 164.1% year on

working on various measures to enhance corporate value with theyear), ordinary profit was 2,048 million yen (up 1,183 million yen or

aim of becoming a Global Fire Fighting and Disaster Prevention

136.9% year on year), and net income attributable to the owners

Solutions Company as stated in our Mid-term Plan "Morita Rebornof the parent company was 893 million yen (up 530 million yen or2025."

146.2% year on year).

MORITA NEWS
Fire Fighting Vehicles BusinessToward the Realization of a Global Fire Fighting and Disaster Prevention Solutions Company

Morita is committed to creating a future of new value by proposing “solutions” that revolutionize firefighting and rescue operations at increasingly
diverse and complex disaster sites, in line with our Purpose: Safeguarding lives and the environment. Securing peace of mind. Technology, poweredby visionary challenge.
At the Tokyo International Fire and Safety Exhibition 2023 held in June this year, we proposed various firefighting vehicles, inclusive of Japan's
first EV pump fire truck, the “MoEVius” concept, for the realization of a sustainable society, as well as a small crawler-type robot for firefighting thatcan respond to diverse disaster sites. In addition, we proposed “Firefighting DX (Digital Transformation),” which improves safety and firefighting
capabilities by connecting operational headquarters, the firefighting field, vehicles, and personnel in real time.
In addition, in order to address the lithium-ion battery fires in hybrid/EVs that have occurred frequently around the world in recent years, we haveproposed efficient firefighting operations by combining the fire suppression effect of the vehicle fire blanket “FIRE ISOLATOR” and the cooling effect ofa simple water tank with the simple water stop
plate “Flood Guard F.”
By proposing solutions utilizing these latest
technologies, we aim to revolutionize firefighting
and rescue operations and continuously solve
social issues.

In peacetimeVehicle
management

Morita News

Operationalresults

At the time of disaster

SchedulerManagedinformationMorita portal app

Field
information

Troubleshooting

Command centerFire
department

Daily
inspection

Looking backReal time

Equipment
and material
management

CloudCo

On-site vehicle information

mm

and

Commandcenter

Personnel activity and safety
management

Disastersite

Vital sign sensors

Field command center

Chest belt type
Shirt type
Wristband type

Pump information (amount of water discharged, remaining amount in water tank, remaining

Signal Cross
portable alarm
Visual aid

Ladder information (ladder length, roll angle, water cannon discharge amount, etc.)
Vehicle information (remaining fuel amount, soot deposition amount, etc.)

Gas detector

Location information, etc.

EV fire truck(MoEVius concept)

Firefighting DX

FIRE ISOLATER + Flood Guard F（Related video clips）(i) MORITA'S CHALLENGE
https://www.youtube.com/watch?v=8ejI6WQ9f1c(ii) A digest video of Morita’s booth at the Tokyo
International Fire and Safety Exhibition 2023
https://www.youtube.com/watch?v=rCxmXvV2vDU(iii) Firefighting DX presentation
https://www.youtube.com/watch?v=dmqmopABNcU

Mid-term Plan

(i)

(ii)

Relay unit locator withGPS function(iii)

Opening of Morita ATI Center, a New R&D base

In July of this year, the Morita Group opened the Morita ATI Center, a new R&D base which integrates state-of-the-art technologies in Yao City,Osaka Prefecture.
In October, a ceremony was held to commemorate the completion of the center, and people mainly from the fire industry across the country
attended it.
The Morita ATI Center is one of the largest comprehensive test site in Japan, and equipped with a simulated apartment for reproducing andverifying the an actual fire environment (high temperature and thick smoke), a 55-meter-long water discharge passage for evaluating water andfoam radiation characteristics in a windless environment, enabling various tests and verifications. It also has a disaster prevention training towerequivalent to an 11-story (33 m high), where various firefighting and rescue tactics can be planned and verified, and operational training canbe conducted. In addition, with a co-creation space established for the purpose of open innovation, we will further accelerate the creation ofinnovations through collaboration with industry, government, academia, and other companies, and provide unwavering safety to the world as we aim
to be a valued and respected company by serving to shape a safe, accessible, and thriving society.
（Related video clips）(i) Morita ATI Center Introduction Video #1

https://www.youtube.com/watch?v=178WNxmE-Rg(ii) Morita ATI Center Introduction Video #2

https://www.youtube.com/watch?v=CYxr4dcMVRw(i)
Combustion and extinguishing experiments

Firefighting and operational training (Disaster(Simulated Apartment)

Prevention Training Tower)(ii)

O P E R A T I O NFinancial Highlights (Consolidated)
Net sales

H I G H L I G H T S

Operating profit■ First half

Unit: Millions of yen

84,667

83,602■ Full-year■ First half

Unit: Millions of yen

8,855

81,344■ Full-year

8,115

5,081
28,16327,011

28,156

34,5881,856

810
2021.32022.32024.32023.32021.32022.3702■ First half

Unit: Millions of yen■ Full-year■ First half

Unit: Millions of yen

6,224

8,761

631

864

2022.32023.32021.3■ Full-year

5,350
3,996

5,913

1,018

2024.32023.3

Profit attributable to owners of parent

Ordinary profit

9,479

311

2,048
2024.38935042623632021.32022.32023.32024.3

Per formance by SegmentFire Protection Equipment& Systems BusinessFire Fighting Vehicles Business

Ne t sales

Operating profit

N e t s a le sOperating profit

Year on year

Year on year

Year on year

Previous year:

10,302 million yen 1,020 million yen
Up 22.7%

16,213 million yen 151 million yen

Up 81.7%

Up 29.8%

Loss of

Both sales and profit increased

Both sales and profit

due to well progressed sales ofincreased because

fire extinguishers and firefighting
equipment.

Environmental Conservation
Vehicles Business
Ne t sale sOperating profit

Year on year

Year on year

5,209 million yen
Up 16.3%289 million yen

29.8%of the steady sales ofNet sales
composition

15.1%

Up 76.4%344 million yen

8.3%

46.9%

products in Japan.

Recycling Machines BusinessN e t s a le sOperating profit

Year on year

Year on year

2,861million yen
Up 2.6%

Both sales and profit increased

Both sales and profit

because of the steady sales ofincreased because of theproducts.

steady sales of products.

399 million yen

Up 26.9%

Company Profile and Stock Information
Company Name

MORITA HOLDINGS CORPORATION

Major Group Companies

FoundedApril 23, 1907

MORITA CORPORATIONEstablished

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 ofDevelopment, manufacturing and sales of ladder trucks,
fire trucks, and specialty vehicles

group companies, and being entrusted withindirect management operations

Executives
Chairman & CEO

Masahiro Nakajima

President

Shinichi Kanaoka

Director and Managing Executive Officer

Kunio Morimoto

Director and Managing Executive Officer

Shinya Murai

DirectorMitsuo Isoda

Director

Takao KawanishiDirector

Masaki Hojo

Director

Masayoshi Kato

Director

Hiroyuki Fukunishi

Full-Time Corporate Auditor

Eiji Asada

Auditor

Masaru Ota

AuditorShozo Nishimura

AuditorMari Kaneko

Managing Executive Officer

Mitsuru Ito

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

MORITAENVIRONMENTAL TECHCORPORATION

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

MORITA ECONOSCORPORATION

28 Techno Park, Sanda-shi, Hyogo, 669-1339,
Japan

April 1 to March 31

Annual General

JuneDevelopment, manufacturing and sales of fire
extinguishing-related equipment, mainly of fireextinguishers, firefighting equipment and fire protectionrelated equipment.

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

Development, manufacturing and sales ofenvironmental conservation vehicles such as sanitary
vehicles(Vacuum trucks) and garbage collectors

MORITA TECHNOSCORPORATION

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

As of September 30, 2023

Treasury shares 6.4％

Securities companies

0.9％

Other Japanese
corporations

8.3％

14.9％

Fiscal Year

Total

46,918,542
sharesIndividuals/others

Financial institutions

29.8％

Meeting of Shareholders
Annual General Meeting of Shareholders - March 31
Year-end Dividend - March 31
Interim Dividend - September 30
Other dates published in advance as necessary

Method of Public Notice

MORITA MIYATACORPORATION

Non-Japanese
corporations

Information about the Stock

Reference Dates

1-5 Techno Park, Sanda-shi, Hyogo, 669-1339,
Japan

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

Major Shareholders （Top 10）

39.8％

As of September 30, 2023

N a meNo. of shares(thousand)

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

4,586

Morita Trading-Partner Shareholding Association

2,328

Shareholder Registry

Sumitomo Mitsui Trust Bank, Limited

Administrator

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

The Dai-ichi Life Insurance Company, Limited

2,123

Handling Office ofStock Transfer Agency Department, Sumitomo

Mizuho Bank, Ltd.

Shareholder Registry

Mitsui Trust Bank, Limited

2,087

Administrator

4-5-33 Kitahama, Chuo-ku, Osaka-shi, Osaka

MUFG Bank, Ltd.

2,048

(Postal Address)

Stock Transfer Agency Department,

Sumitomo Mitsui Banking Corporation

2,007

Custody Bank of Japan, Ltd.

1,874

Sumitomo Mitsui Trust Bank, Limited
2-8-4 Izumi, Suginami-ku, Tokyo, 168-0063(Telephone Inquiries)+81-3-3323-7111

AIR WATER INC.

1,730

(Internet Website URL)

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

Stock Exchang Listing

Tokyo Stock Exchange

Sumitomo Mitsui Trust Bank, Limited

1,667

Number of shares per unit

100 shares

NORTHERN TRUST CO.(AVFC) RE THE HIGHCLERE

INTERNATIONAL INVESTORS SMALLER COMPANIES
FUND

1,006

Notes: 1. Number of shares held is rounded down to the nearest thousand shares.
2. The Company holds treasury shares numbering 2,981 thousand shares.

Osaka Head Office

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

Tokyo Head Office

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

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