Second Quarter Financial Resultsfor FY2023
October 31, 2023

Securities Code: 6455
https://www.morita119.com/en© 2023 MORITA HOLDINGS CORPORATION

Consolidated Performance (2Q)
bil. JPY
4030

Net Sales
31.7

20

28.2

27.0

+23%

bil. JPY
2.0

34.6

1.5

28.2

1.0

10

0.5

00.0'19bil. JPY
60'21'22

Order Intake
51.5

40'20

50.5

49.9

54.8

'23-1%

bil. JPY80

54.0604020

Operating Income

1.9

1.4
0.8
0.3
'19+164%'20'210.7'22'23

Order Backlog

+20%

48.2

49.5

53.0'19'20'2162.575.0

200'19'20'21'22'230'22'23•

Net sales increased by 23% YoY, and operating income increased by 1.2 billion yen YoY•Overall order intake decreased by 1% YoY, and order backlog increased by 20% YoY⁃This is due to the increase in net sales and operating income in all segments-The order intake volume has decreased compared to the previous year but remains at a high level.
backlog has increased which due to the high order backlog at the beginning of the period.

* FFV: Fire Fighting Vehicles*FPES: Fire Protection Equipment & Systems *RM: Recycling Machines *ECV: Environmental Conservation Vehicles© 2023 MORITA HOLDINGS CORPORATION

2Performance Composition by Quarter
Net Salesbil. JPY

1Q

100
90

86.9

2Q

3Q

4Q

83.6

81.3

70

34.1(40%)60

9736.1(43%)37.5(46%)

2Q

8.9

3Q

55.4(62%)64Q

8.1
5.1(58%)5.0(56%)

8.1

5.5(68%)
5.1

5
50
40

20.1(23%)22.4(26%)20100

6.3(77%)4
20.5(25%)30
20.4(24%)

Full year

8.9

880
35.1(40%)

1Q

1090.084.7

Operating Incomebil. JPY15.7(19%)

3
20.0(22%)17.8(21%)16.6(20%)

15.7(19%)

11.3
(13%)

10.4(12%)10.4(12%)12.4(15%)

14.6(16%)'19'20'21'22'23

2.3(26%)

3.1(35%)210-11.7(20%)

2.3
(28%)

4.2
(82%)

1.3
(15%)

1.0(13%)

-0.3
(-4%)

-0.5
(-6%)

-0.7
(-9%)

0.2(5%)
0.7(14%)
-0.03
(-1%)

'19'20'21'221.7(21%)
0.1(2%)© 2023 MORITA HOLDINGS CORPORATION'233

Outlook for Segment Performance
Net Salesbil. JPY6040

2022A

+16%
44.9

2023E

52.0+1%2020.8

21.0+5%
5.9

6.209.810.8

ECVRM

FPESFFV+10%

Operating Incomebil. JPY

2022A62023E+154%
44.5+4%22.01.8

2.1+7%0.70

0FFV

FPES

0.75

RM

+28%
0.60

0.75

ECV

© 2023 MORITA HOLDINGS CORPORATION

4

Fire Fighting Vehicles (2Q)
bil. JPY
2015Net Sales
15.9

1013.9

+30%
16.2

11.9

bil. JPY
0.6
0.3

-0.3

0-0.6

bil. JPY
5040'21'22

Order Intake
40.230'2039.5

37.040.7'23-1%
40.2

2010•'21'220.2'23'20'21-0.3'22'23

Order Backlog

+27%
54.8

36.4

37.7

38.8

'19'20'21

43.2'22'23

Net sales increased by 30% YoY, and operating income increased by 0.49 billion
yen YoY⁃•'20'19

40

0'19

0.4

-0.5bil. JPY
60

20

00.6

0.0

12.5

5'19

Operating Income

This is due to the contribution of projects carried over from the previous year in the domestic market,
which steadily contributed to sales.

Order intake decreased by 1% YoY, and order backlog increased by 27% YoY⁃Order intake decreased in the overseas market, but the order backlog increased both domestic andoverseas due to carryovers from the previous year.
© 2023 MORITA HOLDINGS CORPORATION

5Fire Protection Equipment & Systems (2Q)
bil. JPY
128Net Sales
8.0

4

7.3

8.1

+23%

bil. JPY
1.2

10.3

0.8

8.4

-0.4
'19

bil. JPY
6'20'22

Order Intake

4
3.4

2'21

3.5

4.1

4.8

'23-3%
4.7'19'20'21'22'23

0.2

0.2
-0.1

'19'20'210'22

Order Backlog

6200.6bil. JPY
84+82%
1.0

0.4
0.00Operating Income

4.5

4.0'19'20

-4%

6.7

6.5'22'23

5.3'21'23•

Net sales increased by 23% YoY, and operating income increased by 82% YoY•

Order intake decreased by 3% YoY, and order backlog decreased by 4% YoY⁃⁃This is due to the steady increase in sales of fire extinguishers and the contribution of the large-scale
projects for fire extinguishing system ordered in the previous year.
A decrease compared to the previous year, but still remain robust.

© 2023 MORITA HOLDINGS CORPORATION

6Recycling Machines (2Q)
bil. JPY3Net Sales
2.6

2

2.1

2.4

2.8

+3%

bil. JPY
0.5

2.9

0.4
0.2
0.1'19bil. JPY
4'20'22

Order Intake

32.6

2'21

3.0

3.1'23+6%
3.3

2.2'19'20'21'22'23

0.2'19bil. JPY
60.3

0.3'21'220.2'20Order backlog
4.8

42

100.0

0+27%
0.4

0.3

10

Operating Income

2.9'19'23
+9%
5.3

3.4
2.3
'20'21'22'23•

Net sales increased by 3% YoY, and operating income increased by 27% YoY•

Order intake increased by 6% YoY, and order backlog increased by 9% YoY⁃This is due to the steady increase in sales of products⁃This is due to the steady increase in order intake of products© 2023 MORITA HOLDINGS CORPORATION

7

Environmental Conservation Vehicles (2Q)
bil. JPY
6Net Sales
5.1

4

4.9

4.6

+16%
4.5

5.2

bil. JPY
0.6
0.4

Operating Income
0.4

0.2

20'19

bil. JPY
8'20'21'22'23

Oder Intake
-5%6
5.3

4

5.2

5.8

6.2

5.9

0.0

0.3

0.3

0.3
0.2

'19

bil. JPY
10'20'21'22

Order Backlog

87.8

642+76%

5.0

5.1

5.5'19'20'21'23+9%
8.4

20'19'20'21'22'23

0'22'23•

Net sales increased by 16% YoY, and operating income increased by 76% YoY•

Order intake decreased by 5% YoY, and order backlog increased by 9% YoY⁃This is due to the steady increase in sales of products⁃This is due to the reactionary decrease in rush demand occurred by chassis supply delays in the previous
year However, the order backlog increased.

© 2023 MORITA HOLDINGS CORPORATION

8This document contains forward-looking statements. Where any such forward-looking statement
includes a statement of the assumptions, bases underlying such a forward-looking statement, oreconomic environment in the primary markets and fluctuations of demand and supply, MoritaHoldings cautions that assumed facts for bases almost always vary from the actual results, anddifferences between assumed facts or bases and actual results can be material, depending upon thecircumstances. Where, in any forward-looking statement, Morita Holdings or its management
expresses an expectation or belief as to future results, there can be no guaranty or assurance thatthe statement of expectation or belief will result or be achieved or accomplished. The words“forecast”, “project”, “believe”, “expect”, “anticipate”, and similar expressions may identify forwardlooking statements.
Taking into account the foregoing, the following are identified as important factors, risks oruncertainties that cause the actual results to differ materially from those expressed in any forwardlooking statement made by, or on behalf of, Morita Holdings: competitive factors, including and not
limited to, pricing, the implementation of Morita Holdings’ product strategies, and economic trends inimportant markets worldwide.
Morita Holdings assumes no obligation to update its forward-looking statements or to advise of
any changes in the assumptions and factors on which they are based.
© 2023 MORITA HOLDINGS CORPORATION