UNOFFICIAL TRANSLATION
The formal official document is in Japanese

Summary of Consolidated Financial Results
for the Fiscal Year ended September 30, 2021 (Japanese Accounting Standards)
November 9, 2021
Listed Company Name: MTI Ltd.
Listing Exchanges: Tokyo Stock Exchange
Securities Code:9438
URL: https://www.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 of annual meeting of shareholders: December 18, 2021
Scheduled date to submit the Securities Report (Yuka Shoken Houkokusho): December 20, 2021
Scheduled date of dividend payment: December 20, 2021
Supplementary documents for financial results: Yes
Financial results briefing: Yes (for securities analysts and institutional investors (On-demand delivery))(Figures less than one millions of yen are omitted)

1. Consolidated financial results for the year ended September 30, 2021
(October 1, 2020 – September 30, 2021)(1) Consolidated operating results(Percentages represent year-on-year changes)
Net sales

Operating incomeMillions of yen

For the year ended September 30, 2021
For the year ended September 30, 2020(Note) Comprehensive income:% Millions of yen

Profit attributable toowners of parent

Ordinary income% Millions of yen% Millions of yen%

25,743 (1.3)
1,929 (23.0)
1,370 (34.2)(1,164)–26,082 (3.8)
2,507 (15.3)
2,082 (33.5)
506 (66.4)
Year ended September 30, 2021: (1,399) million yen, (–%)
Year months ended September 30, 2020: 121 million yen, (92.5%)
Net income
Net income
Return on
Return on Assets Net income
per shareper share/diluted
Equity％％For the year ended September 30, 2021
(21.28)–(6.4)
4.4
For the year ended September 30, 2020
9.28
9.27
2.6
7.2
(Reference) Equity in earnings (losses) of affiliates: Year ended September 30 2021: (569) millions of yen
Year ended September 30 2020: (431) millions of yen

7.5
9.6

Yen％

Yen

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Year ended September 30, 2021
Year ended September 30, 2020
(Reference) Shareholders’ equity:

Equity ratio

Millions of yen

31,90821,24330,54721,510Year ended September 30, 2021: 17,426 millions of yen
Year ended September 30, 2020: 19,166 millions of yen

Net assets per share%

Yen

54.6
62.7

318.29350.83(3) Consolidated cash flows
Net cash providedby (used in)operating activities

Net cash providedby (used in)investing activities

Net cash providedby(used in)financing
activities

Millions of yen

Millions of yen

Millions of yen

Millions of yen

3,516
3,292

(1,996)(4,807)649
2,449

15,54013,354

For the year ended September 30, 2021
For the year ended September 30, 2020

Cash and cashequivalent

2. Dividends
Dividend per share
End offirstquarter

For the year ended September 30, 2020
For the year ended September 30, 2021
For the year ending September 30, 2022
(forecast)End ofsecondperiodEnd ofthirdquarter

Yen

Yen

Yen

Yen

Yen

––

8.00
8.00

–
–

8.00
8.00

16.00
16.00

–

8.00

–

8.00

16.00

Year end

AnnualDividends on
Amount ofDividend ratio
equitydividends paid
(Consolidated)(Consolidated)(Total)

876
878%

%

172.5
–
87.6
〜146.0

4.5
4.8

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

For the first half
Full year(Percentages represent year-on-year changes)
Profit attributable toNet income
Ordinary income
owners of parent
per share

Operating income

Millions of yen%

12,750〜13,250
25,500〜26,500(2.3)
〜1.6(0.9)〜2.9

Millions of yen%

900(27.0)〜1,100 〜(10.7)
1,800(6.7)
〜2,200〜14.0

Millions ofyen%Millions of yen

700 (16.7)〜900 〜7.1
1,400
2.1〜1,800 〜31.3

300〜500
600〜1,000%

Yen–

5.48
〜9.13
10.96
〜18.26–* Notes(1) Important changes of subsidiaries during the term (changes in specified subsidiaries resulting in change in scope ofconsolidation): Not applicable
New: –Exception: –(2) 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:

Not applicableNot applicableNot applicableNot applicable(3) Number of outstanding shares (common shares)(i) Number of outstanding shares at the end of period (including treasury shares):9/21: 61,248,200 shares
9/20: 61,144,600 shares(ii) Number of treasury shares at the end of period
9/21: 6,496,273 shares
9/20: 6,511,616 shares(iii) Average number of shares during the period
9/21: 54,699,877 shares
9/20: 54,641,936 shares(Reference) Summary of financial results
1. Nonconsolidated financial results for the year ended September 30, 2021
(From October 1, 2020 - September 30, 2021)(1) Nonconsolidated operating results(Percentages are shown as year-on-year changes)

Net sales
For the year ended
September 30, 2021
For the year ended
September 30, 2020

Operating income

Ordinary income

Net income

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

20,699(0.8)

2,440(20.2)

2,287(33.9)

4,970

392.1

20,858(4.4)

3,057

0.6

3,461

24.4

1,010

–

Net income pershare
For the year ended
September 30, 2021
For the year ended
September 30, 2020

Fully diluted net
income per share
YenYen90.56–18.4318.42(2) Nonconsolidated financial position
Total assets
Millions of yen

For the year ended
30,344September 30, 2021
For the year ended
24,810
September 30, 2020
(Reference) Shareholders’ equity
As of September 30, 2021: 20,717 millions of yen

Net assets

Equity ratio

Net assets per share

Millions of yen％

Yen

20,87968.3

377.02

16,61566.1

299.23As of September 30, 2020:

16,401 millions of yen* Status of review
Financial results is out of 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, and convictions basedon information available to the Company at the time of publication of this document and may differ materially from actual results for arange of factors, including conditions of Japanese and overseas economies, changes in the situation of operations in Japan and overseas,and uncertainties and potential risks inherent in forward-looking statements. The risks and uncertainties include unforeseeable effects offuture events.For the assumptions underlying the forecasts and other notice on the use of earnings forecasts, please refer to “(4) Futureoutlook” on page 4 in the accompanying material.
While the Company planned to hold a briefing on earnings chiefly for securities analysts and institutional investors on Wednesday,
November 10, 2021, to prevent the spread of infections by the COVID-19 coronavirus the Company will forgo holding at the venue
event and will post the on-demand delivery of the briefing and related materials on its website.