This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. August 6, 2024
Representative: Yuichi Mano, Representative Director and President Inquiries: Hiroki Mochizuki, Division Head, General Manager, Corporate Finance and Accounting Division, Corporate Finance and Accounting Headquarters Telephone: +81-75-951-7171 Scheduled date to commence dividend payments: Preparation of supplementary material on financial results: None Holding of financial results briefing: None (Yen amounts are rounded down to millions, unless otherwise noted.) 1. Consolidated financial results for the three months ended June 30, 2024 (April 1, 2024 to June 30,
[(24.6)%] For the three months ended June 30, 2024: ¥9,679 million [−%] For the three months ended June 30, 2023: ¥12,829 million Mitsubishi Logisnext Co., Ltd. (the "Company") uses operating profit before amortization of goodwill as a key management indicator. The year-on-year change in operating profit before amortization of goodwill for the three months ended June 30, Note: 2023 was 1,077.3%, and because the rate of increase exceeds 1,000% is shown as "_."

3. Forecasts of consolidated financial result for the fiscal year ending March 31, 2025 (April 1, 2024
to March 31, 2025)

Reference: Operating profit before amortization of goodwill ¥48,000 million    [(9.2)%]
*  Notes
(1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatement Changes in accounting policies due to revisions to accounting standards and other regulations: Yes (i) Changes in accounting policies due to other reasons: None (ii) (iii)  Changes in accounting estimates: None (iv)  Restatement: None Note:  For details, please see "2. Quarterly consolidated financial statements and significant notes thereto, (3) Notes to quarterly consolidated financial statements, Notes on changes in accounting policies" on page 9 of the attached material. (4) Number of issued shares (common stock)
(iii) Average number of shares outstanding during the period (cumulative from the beginning of the
*  Review of the Japanese-language originals of the attached quarterly consolidated financial statements by certified public accountants or an audit corporation: None
*  Proper use of earnings forecasts, and other special matters
Caution regarding forward-looking statements The forward-looking statements, including the financial forecasts shown in this document are based on information currently available to the Company and on certain assumptions deemed to be reasonable. As such, they do not constitute guarantees by the Company of future performance. Actual performance and other results may differ materially from these forecasts due to various factors. For matters related to the earnings forecasts, please see "1. Overview of operating results and others, (3) Explanation of consolidated earnings forecasts and other forward-looking statements" on page 4 of the attached material.
Attached Material

1. Overview of operating results and others
(1)  Overview of operating results during the period under review
The global economy in the three months ended June 30, 2024 experienced stalled growth as disinflation slowed. The pace of economic expansion in the U.S.A. has slowed, and China's economy, which had temporarily picked up, has once again stagnated amid the prolonged slump in real estate. In addition, there were prolonged geopolitical risks including aggression in Ukraine and the situation in the Middle East, so the economic trends vary between regions. On the other hand, the Japanese economy remained flat due to sluggish personal consumption as real wages do not seem to be rising in line with rising prices, despite a good level of business confidence among companies, which was partly due to progress in passing on prices, and a solid appetite for capital expenditure. Against this backdrop, the domestic market for forklifts and other material handling equipment remained stable and firm. Overseas, demand in the Americas, which had been firm, is weakening, and Europe, which had exhibited a temporary recovery trend, is now showing a downward trend. Asia, which had shown strength, has also weakened recently, and the economic stagnation in China has dramatically changed the market environment with respect to the demand for material handling equipment. At the Company, the major challenge of longer lead times has been resolved by the progress in shortening lead time through production improvements, and they are virtually at appropriate levels. In addition, progress has been made in improving business performance through price optimization in the inflationary environment. While responding to the growing needs of the market for material handling equipment for safety and security, automated and autonomous services, and decarbonization, we have recently resumed shipments of certain models as a result of coordination with the U.S. environmental authorities and are working to recover from the suspension of shipments of certain models offered in North America since May due to delays in the process of obtaining U.S. emissions certifications. However, amid slowing global economic growth, the outlook for the global economy is becoming, and the situation is unclear and unpredictable due to factors including the future outcome of the U.S. presidential election, risks to supply chains including those involving China, interest rate and foreign exchange trends, and prolonged geopolitical risks. Under these circumstances, net sales for the period under review totaled ¥165,885 million (down 0.1% year on year) due to the suspension of shipments of certain models caused by delays in the process of obtaining U.S. emissions certifications and a slowdown in the market, despite the effects of price optimization and yen depreciation. Operating profit was ¥7,008 million (down 32.1% year on year) and ordinary profit was ¥5,809 million (down 39.7% year on year) due to lower sales and market slowdown in the Americas. On the other hand, profit attributable to owners of parent was ¥7,781 million (up 17.8% year on year), partly due to the recording of a gain on sales of non-current assets as extraordinary income.
Operating profit before amortization of goodwill was ¥9,679 million (down 24.6% year on year), and
Japan
Net sales in Japan were ¥46,447 million (up 3.9% year on year) as orders remained steady, and the effects of price optimization also contributed. Segment profit was ¥272 million (down 84.5% year on year) due to lower sales to the Americas in the export business and an increase in research and development expenses and other expenses.

Overseas
Net sales in Overseas were ¥119,438 million (down 1.6% year on year) mainly due to the suspension of shipments of certain models offered in North America due to delays in the process of obtaining U.S. emissions certifications and a market slowdown in some regions, despite the impact of yen depreciation on exchange rates. Segment profit was ¥6,735 million (down 21.3% year on year) due to a decrease in net sales and an increase in expenses mainly as a result of inflation. Especially in the same period of the previous fiscal year, in Overseas, as the gradual elimination of components shortages led to increased production and accelerated shipments, and the effects of price optimization also contributed, net sales and segment profit increased significantly. In contrast, in the current fiscal year, both net sales and segment profit decreased mainly due to delays in shipments of certain models offered in North America and a slowdown in the market.

(2)  Overview of financial position during the period under review
As of June 30, 2024, total assets were ¥551,594 million, an increase of ¥20,098 million from the end of the previous fiscal year, due to an increase in foreign exchange translated amounts mainly from the impact of yen depreciation. Current assets increased by ¥11,363 million due to an increase in inventories, despite a decrease in accounts receivables. Non-current assets increased by ¥8,734 million due to an increase in machinery, equipment and vehicles. Total liabilities were ¥419,549 million, an increase of ¥5,387 million from the end of the previous fiscal year, due to an increase in foreign exchange translated amounts from the impact of yen depreciation, despite a decrease in accounts payable - trade. Net assets, excluding share acquisition rights and non-controlling interests, were ¥131,436 million, an increase of ¥14,696 million from the end of the previous fiscal year. The main factors were an increase in retained earnings from profit attributable to owners of parent and an increase in foreign currency translation adjustment.
(3)  Explanation of consolidated earnings forecasts and other forward-looking statements
There are no changes to the consolidated earnings forecasts announced on May 8, 2024. During the period under review, shipments of certain models were suspended due to delays in the process of obtaining U.S. emissions certifications, but shipments of certain models have resumed as a result of coordination with the U.S. environmental authorities, and we will strive to achieve a recovery in production and shipments by the end of the current fiscal year.

(2)  Quarterly consolidated statement of income and quarterly consolidated statement of
comprehensive income

(3) Notes to quarterly consolidated financial statements
Notes on changes in accounting policies
Application of Accounting Standard for Current Income Taxes The Company has applied the "Accounting Standard for Current Income Taxes" (Accounting Standards Board of Japan (ASBJ) Statement No. 27, October 28, 2022; the "Revised Accounting Standard of 2022") and other relevant ASBJ regulations from the beginning of the first quarter of the fiscal year ending March 31, 2025. Revisions to categories for recording current income taxes (taxation on other comprehensive income) conform to the transitional treatment in the proviso of paragraph 20-3 of the Revised Accounting Standard of 2022 and the transitional treatment in the proviso of paragraph 65-2(2) "Guidance on Accounting Standard for Tax Effect Accounting of 2022" (ASBJ Guidance No. 28, October 28, 2022, ASBJ). This change in accounting policy has no impact on the quarterly consolidated financial statements. In addition, for revisions related to the review of the treatment in consolidated financial statements when a gain or loss on sale arising from the sale of shares of subsidiaries, etc. among consolidated companies is deferred for tax purposes, the Company has applied the Guidance on Accounting Standard for Tax Effect Accounting of 2022 from the beginning of the first quarter of the fiscal year ending March 31, 2025. The change in accounting policy has been applied retrospectively. Therefore, regarding the same period of the previous fiscal year and the previous fiscal year, the new accounting policy was reflected in the quarterly consolidated financial statements and the consolidated financial statements. This change in accounting policy has no impact on the quarterly consolidated financial statements for the same period of the previous fiscal year or the consolidated financial statements for the previous fiscal year.
Notes on segment information, etc.
Three months ended June 30, 2023 I. 1. Information on the amounts of net sales and profit or loss by reportable segment
2. Total segment profit is consistent with operating profit on the quarterly consolidated statement of income. 3. The difference between segment profit and operating profit before amortization of goodwill, which the Company uses as a key management indicator, is depreciation and amortization of identifiable assets
2. Information on impairment losses of non-current assets or goodwill, etc. by reportable segment There are no material matters to report. II. Three months ended June 30, 2024. 1. Information on the amounts of net sales and profit or loss by reportable segment
2. Total segment profit is consistent with operating profit on the quarterly consolidated statement of income. 3. The difference between segment profit and operating profit before amortization of goodwill, which the Company uses as a key management indicator, is depreciation and amortization of identifiable assets (valuation difference) and amortization of goodwill acquired on the date of business combination.
2. Information on impairment losses of non-current assets or goodwill, etc. by reportable segment There are no material matters to report. Notes on significant changes in the amount of shareholders' equity Not applicable. Notes on premise of going concern Not applicable.
Notes on quarterly consolidated statement of cash flows
Quarterly consolidated statement of cash flows has not been prepared for the three months ended June 30, 2024. Depreciation (including amortization related to intangible assets excluding goodwill) and amortization of goodwill for the three months ended June 30, 2023 and 2024 are as follows. Mitsubishi Logisnext Co., Ltd. (Millions of yen) Three months ended June 30, 2024 Three months ended June 30, 2023

3. Other
Supplementary Information

Reference: Consolidated financial results for the three months ended June 30, 2024