UNOFFICIAL TRANSLATION
The formal official document is in Japanese.

Summary of Consolidated Financial Results for theFiscal Year ended September 30, 2015 (Japanese Accounting Standards)
November 4, 2015
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, 2015
Scheduled date to submit the Securities Report (Yuka Shoken Houkokusho): December 24, 2015
Scheduled date of dividend payment: December 24, 2015
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, 2015
(October 1, 2014 – September 30, 2015)(1) Consolidated operating results(Percentages represent year-on-year changes)
Net sales

Operating income

Millions of yen

For the year ended September 30, 2015
For the year ended September 30, 2014
(Note) Comprehensive income:% Millions of yen

Ordinary income% Millions of yen

Net income% Millions of yen

33,461
8.0
4,245 66.0
4,144 64.5
30,9852.7
2,557 122.5
2,519 125.0
Year ended September 30, 2015: 2,728 million yen (110.9%)
Year months ended September 30, 2014: 1,293 million yen (109.6%)
Net income
Net income
Return on
Return on Assets
per shareper share/diluted
Equity％Net income

％％

48.52
47.67
20.6
20.0
26.63
26.49
15.1
15.5
Year ended September 30 2015: -95 millions of yen
Year ended September 30 2014: -53 millions of yen

12.7
8.3

Yen

For the year ended September 30, 2015
For the year ended September 30, 2014
(Reference) Equity in earnings (losses) of affiliates:%

2,607 94.9
1,337 159.0

Yen

The Company conducted a 2-for-1 common stock split that became effective on April 1, 2015. Net income per share and net income per sharediluted are based on the number of shares after the stock split.

(2) Consolidated financial position
Total assets

Net assets

Millions of yen

Year ended September 30 ,2015
Year ended September 30 ,2014(Reference) Shareholders’ equity:

Equity ratio

Millions of yen

24,738
16,591
16,768
9,722
Year ended September 30 2015: 16,034 millions of yen
Year ended September 30 2014: 9,291 millions of yen

Net assets per share%

Yen

64.8
55.4

281.48184.49The Company conducted a 2-for-1 common stock split that became effective on April 1, 2015. Net income per share and net income per sharediluted are based on the number of shares after the stock split.

(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

4,587
3,600-1,707-1,8673,921-375

11,6084,782

For the year ended September 30, 2015
For the year ended September 30, 2014

Cash and cash
equivalent

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

Yen

For the year ended September 30, 2014–
10.00
For the year ended September 30, 2015–
12.00
Year ending 9/16 (forecast)–
8.00(Note) Revisions to dividend forecasts published most recently: YesYear end

AnnualYen

YenYen–––

12.00
8.00
8.00

––
16.00

Amount ofDividends on
Dividend ratio
dividends paid
equity(Consolidated)(Total)(Consolidated)

427
794%%

31.9
28.9
33.8

4.6
6.0

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 fiscal year

ended September 30, 2014 and at the interim end of the fiscal year ended September 30, 2015 are calculated based on the number of shares before thestock split, but the year-end dividend per share is calculated based on the number of shares after the stock split. For more information, please refer to“Cautionary statement with respect to forward-looking statements, special note.”

3. Forecast for consolidated business results for the fiscal year ending September 30, 2016
(October 1, 2015 – September 30, 2016)
Net sales

For the first halfending September30, 2016
Full year(Percentages represent year-on-year changes.)
Profit (loss)
Net income
Ordinary income attributable to owners
per shareof parent

Operating income

Millions of yen%

Millions of yen%Millions of yen%

Millions of yen%

Yen

17,2003.5

2,000-5.1

1,980-2.7

1,130

3.8

19.84

35,000

4.6

4,700

10.7

4,660

12.4

2,700

3.6

47.40

* 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):9/15: 60,226,800 shares
9/14: 53,621,200 shares(ii) Number of treasury shares at the end of period
9/15: 3,260,928 shares
9/14: 3,260,928 shares(iii) Average number of shares during the period
9/15: 53,734,513 shares
9/14: 50,239,276 shares
The Company conducted a 2-for-1 common stock split that became effective on April 1, 2015. The number of outstanding shares at the endof the period (including treasury shares), the number of treasury shares at the end of the period, and the average number of shares during theperiod are the numbers after these stock splits.

(Reference) Summary of financial results
1. Nonconsolidated financial results for the year ended September 30, 2015
(From October 1, 2014 - September 30, 2015)(1) Nonconsolidated operating results
Net sales
For the year ended
September 30, 2015
For the year ended
September 30, 2014

(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％

31,297

7.4

4,125

59.3

4,111

58.6

2,499

143.8

29,149

4.8

2,589

176.2

2,591

175.6

1,025

64.8

Net income pershare
For the year ended
September 30, 2015
For the year ended
September 30, 2014

Fully diluted net
income per share
YenYen

46.52

45.70

20.41

20.30

The Company conducted a 2-for-1 common stock split that became effective on April 1, 2015. Net income per share is based on the number ofshares after the stock split.

(2) Nonconsolidated financial position
Total assets
For the year ended
September 30, 2015
For the year ended
September 30, 2014

Net assets

Equity ratio

Net assets per share

Millions of yen

Millions of yen％

Yen

23,256

15,76567.2

274.52

15,769

9,234

57.2

179.26(Reference) Shareholders’ equity
As of September 30, 2015: 15,638 millions of yen

As of September 30, 2014: 9,027 millions of yen

The Company conducted a 2-for-1 common stock split that became effective on April 1, 2015. Net assets per share are based on the number of shares
after the stock split.

* 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 fiscal year ending September 2015” on page 3 in theaccompanying material.
The Company will hold a briefing on earnings chiefly for securities analysts and institutional investors on Thursday, November 5, 2015. A video of
the briefing and a document to be used at the briefing will be posted on the Company’s website as soon as the briefing ends.