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 Six Months Ended September 30, 2023
[Japanese GAAP]
November 10, 2023
Company name:
Meito Sangyo Co., Ltd.
Stock exchange listing: Tokyo, Nagoya
Code number:
2207
URL:
https://www.meito-sangyo.co.jp
Representative:
Masuo Mitsuya,Representative Director and President
Contact:
Masanao Kurimoto,Manager of Accounting Department
Phone:+81-52-521-7111
Scheduled date of filing quarterly securities report:
November 13, 2023
Scheduled date of commencing dividend payments: December 4, 2023
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session:
Yes(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toNet sales
Operating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%
Six months ended
September 30, 2023
11,2909.8(58)
645
(1.1)
468
17.4
September 30, 2022
10,2785.565(47.6)
652
(3.9)
398
(91.0)(Note) Comprehensive income:Six months ended September 30, 2023:¥4,361 million [396.4%]
Six months ended September 30, 2022:¥878 million [(77.7) %]Basic earnings
per share
Six months endedSeptember 30, 2023
September 30, 2022

Diluted earnings pershare
Yen

Yen

27.69
23.60

-(2) Consolidated Financial Position
Total assets
Millions of yen
As ofSeptember 30, 2023
76,315
March 31, 2023
70,276(Reference) Equity: As of September 30, 2023:
As of March 31, 2023:

Net assets

Capital adequacy ratio

Millions of yen¥¥48,799
44,637
48,799 million
44,637 million

%

63.9
63.5

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023-13.00

-

13.00

26.00

Fiscal year ending March 31, 2024

-13.00
-

13.00

26.00

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

TotalNo

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to Basic earnings
Net sales
Operating profit
Ordinary profit
owners of parent
per share
Millions of yen% Millions of yen% Millions of yen

Full year23,3002.5100
5.2(Note) Revision to the financial results forecast announced most recently:

1,200
No

* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:Exclusion:(Company name:% Millions of yen

5.9800(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

2) Number of treasury shares at the end of the period:
September 30, 2023:
360,444 shares
March 31, 2023:
360,230 shares
3) Average number of shares outstanding during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

16,910,120 shares
16,898,773 shares

Yen

47.33

No

(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2023:
17,277,683 shares
March 31, 2023:
17,265,000 shares%14.1))
No