MATSUDA SANGYO : Presentation Material for Financial Results (FY2024)

Fiscal Year Ending March 31, 2024

Financial Statements Briefing Materials

Matsuda Sangyo Co., Ltd.

May 23, 2024

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This document was prepared for the purpose of deepening understanding of our company, and is not intended to solicit investment. The contents in this document were prepared based on various materials, including press releases, that have been published to date. However, we do not take any responsibility for the accuracy, completeness, relevance, or any other aspects of these contents.

Please note that we also do not take responsibility for any omissions, errors, or inaccuracies in the published text, graphs, or other contents.

This document contains forward-looking statements related to future performance. These statements do not guarantee future performance and are subject to risks and uncertainties. Future performance may differ from the targets due to changes in the business environment and other factors.

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 version shall prevail.

Matsuda Sangyo Co., Ltd.

CSR IR Dept.

Inquiry form: https://www.matsuda-sangyo.co.jp/ja/contact/contact4.html

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Contents

1. Overview of Consolidated Financial Results
2. Progress Status of the Medium-term Management Plan (FY2022 - 2025)
3. Segment Results and Forecast for the Next Fiscal Year

Appendix

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1. Overview of Consolidated Financial Results

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Key Points of the Financial Statements Briefing for the Year Ended March 31, 2024

Achieved record highest consolidated net sales

Increase in sales and profit decline

360.5 billion yen / 9.3 billion yen

( +2.7% / -32.3% YoY)

ROE・ROA

8.3 % / 7.6 %

( -3.9pt /-3.7pt YoY)

Precious Metals Business Segment

Net sales/Operating profit

252.9 billion yen / 7.0 billion yen

( +2.6% / -41.5% YoY)

Dividends per share (Forecast for

Fiscal Year Ending March 31, 2025)

Increase in dividends for 7th

consecutive fiscal year

70 yen（+10 yen）

Food Business Segment

Net Sales/Operating profit

107.7 billion yen / 2.3 billion yen

( +3.0% / +30.4% YoY)

Start of operation of the

Kitakyushu Factory, equipped

with precious metals recycling functions

Phase 1 of operations will start with logistics

functions and primary processing for

precious metal raw materials

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Consolidated Financial Results

Although net sales reached a record high, profit declined due to a fall in productivity in the electronic devices field and other factors.

				(billion yen)
	FY3/23	FY3/24	Year-on-year increase
	(decrease)
Net sales	351.0	360.5	+9.4	+2.7％
Operating profit	13.8	9.3	(4.4)	(32.3)％
Operating margin	3.9％	2.6％	(1.3)pt	-
Ordinary profit	13.8	10.5	(3.2)	(23.8)％
Profit attributable to owners of parent	9.6	7.2	(2.4)	(24.9)％
Earnings per share (yen)	371.7	280.2	(91.4)	(24.6)％
ROE	12.2％	8.3％	(3.9)pt	-

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Trends for Consolidated Financial Results

Net sales

Operating profit		Profit attributable to owners of parent

（billion yen）

300.0

200.0

100.0

0.0

351.0	360.5	（billion yen）

+2.7%

272.2

10.0

5.0

0.0

22/3 23/3 24/3

13.8	（billion yen）

12.6

▲32.3% 9.3	10.0	9.5	9.6

7.2

▲24.9%

5.0

			0.0
22/3	23/3	24/3	22/3	23/3	24/3

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Consolidated Balance Sheet

	Assets				(billion yen)
		March 31, 2023		March 31, 2024	Increase (decrease)	Main reasons for change
	Current assets	89.3		102.3	+12.9	(+) Increase in accounts receivable-trade and inventories
	Non-current assets	39.8		46.6	+6.7	(+) New installation of factory equipment (Kitakyushu,
						Iruma)
	Total assets	129.2		148.9	+19.7
	Liabilities
		March 31, 2023		March 31, 2024	Increase (decrease)	Main reasons for change
	Current liabilities	27.8		44.5	+16.6	(+) Increase in short-term loans payable
	Non-current liabilities	16.6		13.0	(3.6)	(-) Repayment of long-term loans payable
	Interest-bearing debt	19.2		29.4	+10.1
	Total liabilities	44.5		57.5	+13.0
	Net assets
		March 31, 2023		March 31, 2024	Increase (decrease)	Main reasons for change
	Total net assets	84.6		91.3	+6.7	(+) Increase in retained earnings
	Total liabilities and net assets	129.2		148.9	+19.7
	Shareholders' equity ratio	65.4％		61.2％
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Consolidated Cash Flow Statements

(billion yen)

	FY3/23	FY3/24	Increase	Summary
	(decrease)
Cash flows from operating activities	10.6	1.8	(8.8)	Increase in profit before income taxes, depreciation, and accounts
payable-trade, increase in accounts receivable-trade and inventories,
				and income taxes paid
Cash flows from investing activities	(12.1)	(7.9)	+4.2	New installation of factory equipment (Kitakyushu, Iruma)
Free cash flows	(1.5)	(6.1)	(4.5)

Cash flows from financing activities	1.3	8.0	+6.7
Net increase (decrease) in cash and cash	0.3	2.6	+2.3
equivalents

Increase in short-term loans payable, repayment of long-term loans payable, payment of dividends, and purchase of treasury shares

Cash and cash equivalents at end of period	11.7	14.4	+2.6

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2. Progress Status of the

Medium-term Management Plan (FY2022 - 2025)

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