MORITA HOLDINGS CORPORATION

Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Nine Months Ended December 31, 2022
[Japanese GAAP]
January 31, 2023
Company name: MORITA HOLDINGS CORPORATION
Stock exchange listing: Tokyo
Code number: 6455
URL: https://www.morita119.com/en
Representative: Shinichi Kanaoka ,President
Contact: Shinya Murai ,Director and Managing Executive OfficerPhone: +81-06-6208-1910
Scheduled date of filing quarterly securities report: February 10, 2023
Scheduled date of commencing dividend payments: Availability of supplementary briefing material on quarterly financial results: No
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2022 (April 01, 2022 to December 31, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%
Million yen%
Nine months ended
43,804(7.8)
934(64.3)
1,265(58.0)
627(67.1)
December 31, 2022
December 31, 2021
47,510(6.0)
2,618(32.9)
3,016(29.7)
1,903(30.3)(Note) Comprehensive income: Nine months ended December 31, 2022:¥
361 million [ (88.0) %]Nine months ended December 31, 2021:¥ 3,012 million [ (38.2) %]Basic earnings
per share
Nine months ended
December 31, 2022
December 31, 2021

Diluted earnings pershare
Yen

Yen

14.26
41.82

-(2) Consolidated Financial Position
Total assets

Net assets

Million yen
As ofDecember 31, 2022
126,102
March 31, 2022
125,167(Reference) Equity: As of December 31, 2022: ¥As of March 31, 2022:¥

Capital adequacy ratio

Million yen%

80,08881,906
79,127 million
80,947 million

62.7
64.7

2. Dividends
Annual dividends
3rdquarter-end

1stquarter-end

2ndquarter-end

Yen

Yen

Yen

Yen

Yen

19.00
20.00

-21.00

40.00

20.00

40.00

Fiscal year ended March 31, 2022
Fiscal year ending March 31, 2023
Fiscal year ending March 31, 2023 (Forecast)(Note) Revision to the forecast for dividends announced most recently:

NoYear-endTotal

MORITA HOLDINGS CORPORATION

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parentper share%

Million yen%

Million yen%

Yen

Full year
74,000(11.5)
3,700(54.4)(Note) Revision to the financial results forecast announced most recently:

Million yen%

Million yen

4,200(52.1)

2,700(49.5)

61.46

No

* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
No(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:))
Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2022:
46,918,542 shares
March 31, 2022:
46,918,542 shares2) Total number of treasury shares at the end of the period:
December 31, 2022:
3,111,505 shares
March 31, 2022:
2,817,506 shares
3) Average number of shares during the period:
Nine months ended December 31, 2022:
43,969,194 shares
45,518,238 shares
Nine months ended December 31, 2021:* This report is out of audit scope by Certified Public Accountants or Audit companies.
* Statement regarding the proper use of financial forecasts and other remarks
Descriptions regarding the future, including the financial projections contained in this report, are based on certain assumptions
currently available to the Company, which are, at the discretion of the Company, deemed reasonable, and the Company gives noguarantees that it will achieve these results. In addition, actual financial results may significantly vary due to various factors.

MORITA HOLDINGS CORPORATION

Contents of attachments
Quarterly Consolidated Financial Statements(Quarterly Consolidated Balance Sheets)................................................................................................................2(Quarterly Consolidated Statements of Income (For the nine months))..................................................................4(Quarterly Consolidated Statements of Comprehensive Income (For the nine months))........................................5(Quarterly Consolidated Statements of Cash Flows)...............................................................................................6Segment Information, etc.
(Segment Information).............................................................................................................................................7
Supplementary Information(Production performance, Order intake, Order backlog and Sales performance)....................................................81

MORITA HOLDINGS CORPORATION

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2022
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade
Electronically recorded monetary claims operating
Merchandise and finished goods
Work in process
Raw materials and supplies
OtherAllowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, netMachinery, equipment and vehicles, netLand
Construction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit asset
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets

2

As of December 31,2022

29,276
22,40623,121
12,363

1,812

2,188

3,512
7,770
5,608
1,457(216)
71,6296,383
17,733
7,801
3,315
(64)
72,842

10,1372,406
18,468254
912
32,1799,804
2,200
18,7531,850
860
33,469

1,820
852
2,672

1,616
982
2,598

12,879
1,517
4,906
(616)
18,68653,538125,167

10,848
1,495
4,855
(8)
17,19253,260126,102

MORITA HOLDINGS CORPORATION(Million yen)
As of March 31,2022
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Current portion of long-term borrowings
Income taxes payable
Provision for bonuses
Provision for bonuses for directors (and otherofficers)
Provision for product warranties
Provision for recall
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Retirement benefit liability
Provision for retirement benefits for directors (andother officers)
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

3

As of December 31,2022

8,601
7,827
954
5,316
2,005
1,161

10,744
9,624
904
4,907
237
508

119

60

491
179
6,460
33,118

436
140
8,879
36,444

54
4,075

59
4,258

11

12

6,002
10,14343,261

5,239
9,569
46,014

4,746
5,048
71,099(3,042)77,851

4,746
5,080
69,924(3,450)76,300

5,319

4,084

11(2,600)
321
44
3,095959
81,906125,167(9)(2,600)
1,509
(156)
2,826
961
80,088126,102

MORITA HOLDINGS CORPORATION

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Million yen)
For the nine months
ended December 31,2021
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Interest income
Dividend income
Rental income
Foreign exchange gains
OtherTotal non-operating income
Non-operating expenses
Interest expenses
Rental expenses
Foreign exchange losses
Share of loss of entities accounted for using equity
methodOther
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of non-current assets
Gain on sale of investment securities
Gain on sale of membership
Gain on revision of retirement benefit plan
Total extraordinary income
Extraordinary losses
Loss on sale and retirement of non-current assets
Loss on valuation of shares of subsidiaries andassociates
Total extraordinary losses
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

4

For the nine months
ended December 31,2022

47,51034,646
12,863
10,2452,618

43,80432,49911,305
10,371
934

3154
62
362
583

3178
69
10
219
480

45
750

47
7-47

47

33
184
3,016

46
148
1,265

0
10
2

4
39
145
189

1

1-

4

1
3,017
1,075
1,942
39
1,903

6
1,449
815
633
6627

MORITA HOLDINGS CORPORATION

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 31,2021
ProfitOther comprehensive incomeValuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

5

For the nine months
ended December 31,2022

1,942

633

593
(4)
316
13(1,238)
(20)
929
(201)

150

258

1,0703,012(272)
361

2,972

357

404

MORITA HOLDINGS CORPORATION

Quarterly Consolidated Statements of Cash Flows(Million yen)
For the nine months
ended December 31,2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Amortization of goodwill
Increase (decrease) in allowance for doubtful accounts
Increase (decrease) in provision for recall loss
Interest and dividend income
Interest expenses
Share of loss (profit) of entities accounted for using
equity method
Loss (gain) on sale and retirement of property, plantand equipment
Loss (gain) on sale of investment securities
Decrease (increase) in trade receivables
Decrease (increase) in inventories
Increase (decrease) in trade payables
Other, net
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of property, plant and equipment
Proceeds from sale of property, plant and equipment
Payments for retirement of property, plant andequipment
Purchase of intangible assets
Proceeds from sale of investment securities
Loan advances
Proceeds from collection of loans receivable
Other, netNet cash provided by (used in) investing activities
Cash flows from financing activities
Net increase (decrease) in short-term borrowings
Repayments of long-term borrowings
Purchase of treasury shares
Dividends paid
Dividends paid to non-controlling interests
Purchase of shares of subsidiaries not resulting inchange in scope of consolidation
Other, net
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cashequivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

6

For the nine months
ended December 31,2022

3,017
1,399
340
89(158)
45

1,449
1,414
356
(22)
(39)
(181)
47

47

47

1(2)

(1)
11,368(11,030)
1,968(1,972)
5,115
159
(38)
(2,754)2,481(39)
11,851(14,688)
3,674(2,294)
1,571
185
(40)
(2,893)(1,177)(459)
93(2,021)
16(0)

(0)

(160)
2(281)
1
428
(375)

(264)
188
(22)
89(96)(2,111)805(408)(1,719)
(3)

(131)
(408)
(575)
(1,793)(2)(9)-(126)(1,461)(143)(3,055)

29

92

673
22,83923,513(6,251)
29,132
22,881MORITA HOLDINGS CORPORATION

Segment Information, etc.
Ⅰ. For the nine months ended December 31, 2021 (from April 1, 2021 to December 31, 2021)
1. Information concerning net sales, profit or loss by reporting segment, and information on disaggregation of revenue
Million yen
Fire Fighting
VehiclesReporting segment
Fire Protection
Recycling
Equipment &Machines
Systems

Environmental
Conservation
VehiclesTotal

Net Sales:
Revenue from Contracts with Customers

24,936

12,303

3,350

6,898

47,489－－－2121

24,936

12,303

3,350

6,920

47,510

122

161

6

154

445

25,05812,465

3,356

7,074

47,955

1,414

316

402

489

2,622

Other revenue
Sales to external customers
Inter segment sales or transfers
TotalSegment profit

2. Differences between the total amounts of reporting segments and the amounts stated in the consolidated financial statements andthe main contents of the differences (matters related to the adjustment of differences)Million yen
ProfitAmountTotal amount of reporting segments
Elimination of inter-segment transaction
Adjusted amount of inventories
Operating profit in the consolidated financial statements

2,622
3(8)
2,618

3. Information related to losses on the impairment of fixed assets or goodwill for each reportable segment
Not applicable.
Ⅱ. For the nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)
1. Information concerning net sales, profit or loss by reporting segment, and information on disaggregation of revenue
Million yen
Fire Fighting
VehiclesReporting segment
Fire Protection
Recycling
Equipment &Machines
Systems

Environmental
Conservation
VehiclesTotal

Net Sales:
Revenue from Contracts with Customers

20,384

12,8594,037

6,519

43,801－－－

3

3

20,384

12,859

4,037

6,522

43,804

Other revenue
Sales to external customers
Inter segment sales or transfers
TotalSegment profit(loss)

138

186

7156

489

20,523

13,046

4,044

6,679

44,293

(588)

804

467

256

940

2. Differences between the total amounts of reporting segments and the amounts stated in the consolidated financial statements andthe main contents of the differences (matters related to the adjustment of differences)Million yenProfit

AmountTotal amount of reporting segments
Elimination of inter-segment transactionAdjusted amount of inventories
Operating profit in the consolidated financial statements

940
1(7)
934

3. Information related to losses on the impairment of fixed assets or goodwill for each reportable segment
Not applicable.

7MORITA HOLDINGS CORPORATION

Supplementary Information[Production performance, Order intake, Order backlog and Sales performance](1)Production performance
Reporting segment

Production performance(Million yen)

Year on year change(%)

Fire Fighting Vehicles

30,971(8.5)

Fire Protection Equipment & Systems

12,782

13.6

Recycling Machines

4,459

11.7

Environmental Conservation Vehicles

6,923

(7.6)

Total

55,137(2.6)

Note: 1. Inter-segment transactions are offset and eliminated.
2. The amount indicated above are shown as sales price.
3. The amount indicated above do not include consumption and other taxes.

(2)Order intake and Order backlog
Reporting segment

Order Intake(Million yen)Fire Fighting Vehicles

47,932

Fire Protection Equipment & Systems
Recycling Machines

Year on year change(%)

Order backlog(Million yen)

Year on year change
(%)

13.2

43,047

36.0

7,682

19.9

7,965

32.4

4,648

(6.8)

5,159

17.0

Environmental Conservation Vehicles

8,615

1.88,131

36.9

Total

68,87810.8

64,30333.9

Note: 1. Inter-segment transactions are offset and eliminated.
2. The amount indicated above are shown as sales price.
3. The amount indicated above do not include consumption and other taxes.
4. The amount of Fire Protection Equipment & Systems Business do not include those of the fire protection equipment
department because it does not conduct make-to-stock production.

(3)Sales performance
Reporting segment

Sales performance(Million yen)

Year on year change(%)

Fire Fighting Vehicles

20,384(18.3)

Fire Protection Equipment & Systems

12,8594.5

Recycling Machines4,037

20.5

Environmental Conservation Vehicles

6,522

(5.7)

Total

43,804(7.8)

Note: 1. Inter-segment transactions are offset and eliminated.
2. The amount indicated above do not include consumption and other taxes.

8