February 4, 2015
For Immediate Release:
MTI Ltd.
Toshihiro Maeta,President and Chief Executive Officer(Listing: Tokyo Stock exchange(JASDAQ) [9438]
Contact: Hiroshi Matsumoto, Director
Tel: +81-3-5333-6323

Notice of Share Split and Partial Revision of Articles of Incorporation
MTI Ltd. announces that at its Board of Directors meeting held on February 4, 2015, theCompany resolved to conduct a share split and partially revise its Articles of Incorporation.
Details are as follows.
1． Share split(1) Purpose of the share split
The purpose of the share split is to expand the investor base by increasing the liquidity of
our shares and developing an environment for investors to invest in our shares more easily
through the reduction of the investment amount per investment unit of our shares.
(2) Overview of the share split
i Split method
We will conduct a two-for-one share split of our common shares owned byshareholders who are stated or recorded in the final shareholder registry on Tuesday,
March 31, 2015, with this day as the record date.
ii Number of shares to be added by the share split
The number of shares to be added by the share split will be the number of sharesobtained by multiplying the final total number of shares outstanding on Tuesday, March31, 2015 by one. It will be as described below based on the calculation using the total
number of shares outstanding as of Wednesday, December 31, 2014.
Total number of shares outstanding before the share split: 26,816,000
Number of shares to be added by the share split this time: 26,816,000
Total number of shares outstanding after the share split: 53,632,000
Total number of authorized shares after the share split: 179,040,000iii Schedule
Announcement date of the record date: Monday, March 16, 2015
Record date:

Tuesday, March 31, 2015

Effective date:

Wednesday, April 1, 20151

iv Others(Change of the amount of capital stock)
The amount of capital stock will not change as a result of the share split this time.
(Adjustment of the exercise price of subscription rights to shares)
In association with the share split, we will make an adjustment to the exercise priceof subscription rights to shares issued by the Company and the number of shares per
subscription right to shares on and after April 1, 2015 as follows:
Before adjustment

After adjustment

Number ofExercise

Number ofExercise

sharespricesharespricesharesYenshares

Yen

200

942

400

471

200

926

400

463

200

924

400

462

200

533

400

267

200

506

400

253

200

910

400

455

13th series of subscription
rights to shares
14th series of subscription
rights to shares
15th series of subscription
rights to shares
16th series of subscription
rights to shares
17th series of subscription
rights to shares
18th series of subscription
rights to shares

2． Partial revision of the Articles of Incorporation（1）Reason for the revision
In association with the share split this time, we will revise Article 6 (Total number ofauthorized shares) of our Articles of Incorporation effective Wednesday, April 1, 2015 with aresolution at the Board of Directors meeting in accordance with the provisions in Article 184,
Paragraph 2 of the Companies Act.
（2）Content of the revision
The content of the revision is as follows:
Current Articles of Incorporation

After revision

Article 6: The total number of authorized sharesof the Company shall be 89,520,000.

Article 6: The total number of authorized sharesof the Company shall be 179,040,000.

i Schedule
Effective date:

Wednesday, April 1, 2015

In association with the share split this time, the forecast for dividends per share for the fiscal
year ending September 30, 2015 stated in the Consolidated Financial Results for the Year
Ended September 30, 2014 published on November 5, 2014 will be changed. In addition, asstated in the Notice of Revision of Consolidated Results Forecast and Dividend Forecast2

published today, we have also changed the dividends forecast. The forecast for dividends pershare has been changed as follows:
Dividends per sharedate of right allotment

End of Q2End of Q4

YenYenYen(Released on November 5, 2014)

810

18

Revised forecast

106(Before share split)

(10)

(12)

(22)

(Note 1)

(Note 2)

(Note3)

Previous forecast

Total-Note 1．The Company will conduct a two-for-one share split for its common shares with April 1, 2015 as theeffective date. As shares before the share split are subject to dividends at the end of the second
quarter, the dividends will increase 2 yen from the previous forecast.
Note 2．The Company will conduct a two-for-one share split for its common shares with April 1, 2015 as theeffective date. As shares after the share split are subject to dividends at the end of the fiscal year,
dividends per share decline but substantively increases 2 yen from the previous forecast.
Note 3．The annual dividend forecast substantively increases 4 yen from the previous forecast.

<Points to consider concerning forecasts>
Results forecasts contained in this material are based on judgments, assumptions and convictions
derived from information available to the Company at the time of the publishing of this material and may
differ significantly from actual results due to various factors such as future economic conditions in Japanand overseas, changes in the situation of business operations in Japan and overseas, or uncertain
elements and potential risks inherent in forecasts. Risks and uncertain elements also include
unpredictable impacts, etc. arising from future events.

【Contact information for inquiries】
PR & IR Department(Futaki)
MTI Ltd.
Tel : 03-5333-6323 Fax : 03-3320-0189
E-mail： ir@mti.co.jp
URL： http://www.mti.co.jp

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