May 12, 2022
For Immediate Release:
MTI Ltd.
Representative: Toshihiro Maeta,President and Chief Executive Officer
Listing: TSE Prime [9438]
Contact: Hiroshi Matsumoto,Senior Managing Director
Tel: +81-3-5333-6323

Notice Concerning Dividend from Surplus (Interim Dividend)
MTI Ltd. (hereinafter the “Company”) announces that the Board of Directors of the Company resolved to pay
a dividend from surplus (interim dividend) with March 31, 2022 as the record date at its meeting held on May
12, 2022. Details are as follows.
1. Outline of the dividend (Interim dividend)Dividends in previous
fiscal year

(Announced on November 9, 2021)(Fiscal year ended September

Determined amount

Latest dividend forecast30, 2021)

Dividend record dateCash dividends pershare
Total cash dividends
Effective date
Dividend resource

March 31, 2022

Same as on the left

March 31, 2021

8 yen

Same as on the left

8 yen

439 million yen
June 17, 2022
Retained earnings-439 million yen
June 18, 2021
Retained earnings

2. Reasons for dividends from surplus
Net sales in the first half of the fiscal year ending September 30, 2022 were in line with expectations.
Meanwhile, as stated in the “Notice Concerning Posting of Extraordinary Losses, Differences between
Forecasts and Actual Results for the First Half of the Fiscal Year, and Revisions to Full-Year Results Forecast”
released today, operating income, ordinary income, and profit attributable to owners of parent weresignificantly below the initial forecast. The main factor was upfront investments in the school digitaltransformation (DX) business operated by Motivation Works Inc., a consolidated subsidiary. Specifically,given a large number of business inquiries about “BLEND”, the cloud-based school affairs support systemprovided by Motivation Works Inc., the Group is increasing the number of personnel to strengthen the businessstructure, using subcontractors to deal with increasing implementations of the system, and developing thesystem to improve its scalability.
As a result, profits in the first half were below the initial forecasts. This is, however, primarily because ofupfront investments in the school DX business, in which results are expected to expand from the next fiscalyear. The Company is taking into consideration also its policy to make consistent dividend payments until thehealthcare business contributes to earnings. The Company has thus decided to pay an interim dividend of 8yen per share as forecast.

1（Reference） Annual dividend forecast
Dividend record date
Initial forecast
Actual dividends in thecurrent fiscal year
Actual dividends in theprevious fiscal year

End of Q2(Fiscal year ended September

8 yen

Cash dividends per share
Year-end
8 yen

Total
16 yen8 yen

16 yen8 yen

30, 2021)

Note: This document has been translated from a part of the Japanese original for reference purposes only. Inthe event of any discrepancy between this translated document and the Japanese original, the original shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.
Contact information for inquiries
Investor Relations OfficeE-mail: ir@mti.co.jp
URL： https://ir.mti.co.jp/eng/

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