UNOFFICIAL TRANSLATION
The formal official document is in Japanese.

Summary of Consolidated Financial Results for theFiscal Year ended September 30, 2016 (Japanese Accounting Standards)
October 31, 2016
Listed Company Name: MTI Ltd.
Listing Exchanges: Tokyo Stock Exchange
Securities Code:9438
URL: http://www.mti.co.jp
Representative:
Toshihiro Maeta, President and Chief Executive Officer
Contact:
Hiroshi Matsumoto, Director
Phone: +81-3-5333-6323
Scheduled date of annual meeting of shareholders: December 23, 2016
Scheduled date to submit the Securities Report (Yuka Shoken Houkokusho): December 26, 2016
Scheduled date of dividend payment: December 26, 2016
Supplementary documents for financial results: Yes
Quarterly results briefing: Yes (for securities analysts and institutional investors)(Figures less than one million of yen are omitted)

1. Consolidated business results for the year ended September 30, 2016
(October 1, 2015 – September 30, 2016)(1) Consolidated operating results(Percentages represent year-on-year changes)
Net sales

Operating income

Millions of yen

For the year ended September 30, 2016
For the year ended September 30, 2015
(Note) Comprehensive income:% Millions of yen

Profit attributable toowners of parent

Ordinary income% Millions of yen% Millions of yen

32,844 (1.8)
5,355 26.1
5,310 28.2
33,461
8.0
4,245 66.0
4,144 64.5
Year ended September 30, 2016: 3,094 million yen (13.4%)
Year months ended September 30, 2015: 2,728 million yen (110.9%)
Net income
Net income
Return on
Return on Assets
per shareper share/diluted
Equity
％%

27.2
94.9

Net income

％％

59.54
58.92
19.9
21.3
48.52
47.67
20.6
20.0
Year ended September 30 2016: (44) millions of yen
Year ended September 30 2015: (95)millions of yen

16.3
12.7

Yen

For the year ended September 30, 2016
For the year ended September 30, 2015
(Reference) Equity in earnings (losses) of affiliates:

3,317
2,607

Yen

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Year ended September 30 ,2016
Year ended September 30 ,2015(Reference) Shareholders’ equity:

Equity ratio

Millions of yen

25,154
17,852
24,738
16,591
Year ended September 30 2016: 17,306 millions of yen
Year ended September 30 2015: 16,034 millions of yen

Net assets per share%

Yen

68.8
64.8

311.13281.48(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

4,845
4,587

(1,327)(1,707)(2,469)3,921

12,613
11,608For the year ended September 30, 2016
For the year ended September 30, 2015

Cash and cashequivalent

2. Dividends
Dividend per share
End ofEnd of
End offirstthird
2nd period
quarterquarter
Yen

Yen

For the year ended September 30, 2015–12.00
For the year ended September 30, 2016–
8.00
Year ending 9/17 (forecast)–
8.00(Note) Revisions to dividend forecasts published most recently: NoYear end

AnnualYen

Yen

Yen–––

8.00
8.00
8.00

–
16.00
16.00

Amount ofDividends onDividend ratio
equitydividends paid
(Consolidated)(Total)(Consolidated)

794
879%

%

28.9
26.9
35.6

6.0
5.4

The Company conducted a 2-for-1 common stock split that became effective on April 1, 2015. The dividend per share at the end of the second periodof the fiscal year ended September 30, 2015 is calculated based on the number of shares before the stock split, but the year-end dividend per share iscalculated based on the number of shares after the stock split.

3. Forecast for consolidated business results for the fiscal year ending September 30, 2017
(October 1, 2016 – September 30, 2017)
Net sales
For the first half
Full year(Percentages represent year-on-year changes.)
Profit attributable toNet income
Ordinary income
owners of parentper share

Operating income

Millions of yen%

Millions of yen%

Millions of yen%

Millions of yen%

Yen

15,50032,000(8.8)
(2.6)

1,730
4,060

(30.5)(24.2)

1,700
4,000(30.2)(24.7)

1,100
2,500(22.8)(24.6)

19.78
44.94

* 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:Yes
Not applicableNot applicableNot applicable(3) Number of outstanding shares (common shares)(i) Number of outstanding shares at the end of period (including treasury shares):9/16: 60,549,200 shares
9/15: 60,226,800 shares(ii) Number of treasury shares at the end of period
9/16: 4,925,228 shares
9/15: 3,260,928 shares(iii) Average number of shares during the period
9/16: 55,722,667 shares
9/15: 53,734,513 shares(Reference) Summary of financial results
1. Nonconsolidated financial results for the year ended September 30, 2016
(From October 1, 2015 - September 30, 2016)(1) Nonconsolidated operating results
Net sales
For the year ended
September 30, 2016
For the year ended
September 30, 2015

(Percentages are shown as year-on-year changes)
Ordinary income
Net income

Operating income

Millions of yen％

Millions of yen％

Millions of yen％

Millions of yen％

30,915

(1.2)

5,876

42.4

5,873

42.8

3,658

46.4

31,2977.4

4,125

59.34,111

58.6

2,499

143.8

Net income pershare
For the year ended
September 30, 2016
For the year ended
September 30, 2015

Fully diluted net
income per share
Yen

Yen

65.66

64.97

46.52

45.70

(2) Nonconsolidated financial position
Total assets
Millions of yen

For the year ended
24,274September 30, 2016
For the year ended
23,256
September 30, 2015
(Reference) Shareholders’ equity
As of September 30, 2016: 17,440 millions of yen

Net assets

Equity ratio

Net assets per share

Millions of yen％

Yen

17,57371.8

313.55

15,76567.2

274.52As of September 30, 2015: 15,638 millions of yen* Status of review
As of the date of disclosure of this earnings release, an audit of the financial statements is being carried out with the Financial Instruments andExchange Act.

* 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 based on information
available to the Company at the time of publication of this document and may differ materially from actual results for a range 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 of future events. For the assumptions underlying theforecasts and other notice on the use of earnings forecasts, please refer to “(2) Outlook for the next fiscal year” on page 3 in the accompanying
material.
The Company will hold a briefing on earnings chiefly for securities analysts and institutional investors on Tuesday, November 1, 2016. A video ofthe briefing and a document to be used at the briefing will be posted on the Company’s website as soon as the briefing ends.