Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Year Ended March 31, 2024
(Based on Japanese GAAP)May 13, 2024
Company name:Musashi Seimitsu Industry Co.,Ltd.
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

7220
URL
President & CEO

https://www.musashi.co.jp
Hiroshi Otsuka

Inquiries:
General Manager Finance & Accounting Div. Hiroki Matsuda
Scheduled date of ordinary general meeting of shareholders:June 27, 2024
Scheduled date to file Securities Report:
Scheduled date to commence dividend payments:

June 21, 2024
June 28, 2024

Preparation of supplementary material on financial results:
Holding of financial results meeting:

Yes
Yes

TEL

0532-25-8111(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2024 (from April 1, 2023 to March 31, 2024)(1) Consolidated operating results
Net salesYear ended March 31, 2024
Year ended March 31, 2023

Percentages indicate year-on-year changes
Profit attributable toOperating profit
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen%
18,374 139.3
15,560 121.3
7,921 225.1
7,677(8.7)
7,030(25.5)
2,436(55.1)

Millions of yen
349,917
301,500

%
16.1
24.6

Earnings per share

Diluted earnings pershare

Profit attributable toOrdinary profit/total Operating profit/net
owners ofassets
sales
parent/equity
Yen%%%–7.3
5.65.3–
2.4
2.7
2.6

Yen
121.2437.32

Year ended March 31, 2024
Year ended March 31, 2023
(2) Consolidated financial position

Total assets
As of March 31, 2024
As of March 31, 2023

Net assets

Equity ratio

Millions of yen
290,339
269,278

Millions of yen
125,391
114,432

Cash flows fromoperating activities
Millions of yen
31,642
19,409Cash flows frominvesting activities
Millions of yen(15,994)(17,931)

Net assets per share%
39.9
38.2

Yen
1,767.95
1,573.23(3) Consolidated cash flows

Year ended March 31, 2024
Year ended March 31, 2023

Cash flows from
Cash and cash equivalents
financing activities
at end of period
Millions of yen
Millions of yen(17,752)
26,747(4,508)26,753

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2023
Year ended March 31, 2024
Year ending March 31, 2025
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

YenYenMillions of yen%%

––

20.00
15.00

––

10.00
25.00

30.00
40.00

1,959
2,617

80.4
33.0

1.9
2.4

–

25.00

–

25.00

50.00

1

29.7

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Profit attributable toNet sales
Operating profit
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen% Millions of yen%Yen
Full year
340,000(2.8)
20,50011.6
17,50012.5
11,00038.9
168.36
4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2024
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2024

65,517,161 shares As of March 31, 2023

65,333,301 shares

Number of treasury shares at the end of the period
As of March 31, 2024

31,040 shares As of March 31, 2023

30,955 shares

Average number of shares during the period
Year ended March 31, 2024

65,334,293 shares Year ended March 31, 2023

265,289,478 shares