Mitsui Matsushima : Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (Japanese GAAP)

Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (Japanese GAAP)

			May 15, 2023
Company name:	Mitsui Matsushima Holdings Co., Ltd.		Listed on the TSE/FSE
Stock code:	1518	URL https://www.mitsui-matsushima.co.jp/
Representative:	Taishi Yoshioka, Representative Director and President
Contact:	Satoru Eikawa, Executive Officer, General Manager of Accounting Department	(TEL) 092(771)2171

Expected date of annual general meeting of shareholders: June 19, 2023 Expected date of dividend payment: May 30, 2023

Expected date of filing of annual securities report:June 19, 2023

Supplementary materials for the financial results: Yes (Presentation of Financial Results for the Fiscal Year Ended March 2023)

Financial results explanation meeting:	Yes (For securities analysts, institutional investors and individual investors)
											(Note: Figures are rounded down to the nearest million yen.)
1. Consolidated financial results for the fiscal year ended March 2023 (April 1, 2022 through March 31, 2023)
(1) Consolidated financial results													(%: Change from the previous fiscal year)
	Net sales				Operating profit		Ordinary profit	Net profit attributable
					to owners of parent
	million yen			%		million yen		%		million yen	%		million yen		%
FY2022	80,015			71.7			35,789			325.2		35,933	318.0		22,977		325.8
FY2021	46,592		(18.8)			8,417			332.3			8,595	184.6		5,396		-
(Note) Comprehensive income FY2022		23,873	million yen (	305.4%)	FY2021	5,889 million yen (	-%)
	Net profit per share	Diluted net profit per		Return on equity		Ratio of ordinary	Ratio of operating
						share								profit to total assets	profit to net sales
	yen sen				yen sen				%				%			%
FY2022	1,767.99				-					50.4				44.1			44.7
FY2021	414.82				-					16.4				12.4			18.1
(Reference)Equity in net income of affiliates FY2022	369 million yen	FY2021	34 million yen

(2) Consolidated financial position

	Total assets	Net assets	Shareholders' equity ratio	Net assets per share
	million yen	million yen	%	yen sen
FY2022	95,025	56,602	58.7	4,292.78
FY2021	67,837	35,537	52.2	2,723.79

(Reference) Shareholders' equityFY2022 55,778 million yen FY2021 35,435 million yen

(3) Consolidated cash flows

	Cash flows from operating	Cash flows from investing	Cash flows from financing	Cash and cash equivalents
	activities	activities	activities	at the end of period
	million yen	million yen	million yen	million yen
FY2022	26,204	(1,337)	(6,479)	38,064
FY2021	8,911	2,569	(11,749)	19,413

2. Dividends

			Annual dividend per share			Dividend	Ratio of
				Total	dividend to
							payout ratio
							dividends	net assets
		End of 1Q	End of 2Q	End of 3Q	Year-end	Total	(consolidated
		(annual)	(consolidated
								)	)
		yen sen	yen sen	yen sen	yen sen	yen sen	million yen	%	%
FY2021	-	-	-	80.00	80.00	1,045	19.3	3.2
FY2022	-	80.00	-	240.00	320.00	4,180	18.1	9.1
FY2023 (forecast)	-	40.00	-	40.00	80.00		9.5
(Note)	Breakdown of dividends for FY2022
	End of 2Q: Ordinary dividend: 40.00 yen; Commemorative dividend: 40.00 yen
	Year-end: Ordinary dividend: 40.00 yen; Commemorative dividend: 200.00 yen
(Note)	Regarding shareholder returns in the fiscal year ending March 31, 2024, the Company plans to acquire its own shares in addition to paying
	an ordinary dividend with a view to achieving a total shareholder return ratio of around 30%. For details, please refer to the "Notice of
	Determination of Matters concerning the Acquisition of Own Shares" released on the same day as this document.

3. Forecast for consolidated earnings for the fiscal year ending March 31, 2024 (April 1, 2023 - March 31, 2024)

(%: Change from previous fiscal year)

							Net profit
	Net sales	Operating profit	Ordinary profit	attributable to	Net profit per share
							owners of parent
	million yen	%	million yen	%	million yen	%	million yen	%	yen sen
Full fiscal year	66,000	(17.5)	16,000	(55.3)	17,000	(52.7)	11,000	(52.1)	846.57

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* Notes

(1) Material changes in subsidiaries during the period: None

(changes in the number of specified subsidiaries accompanying a change in the scope of consolidation)

Newly included subsidiaries:	-		, Excluded	-		-
(2) Changes in accounting principles, changes in accounting estimates, and restatements
1)	Changes in accounting principles due to revision of accounting standards	:	None
2)	Changes in accounting principles due to reasons other than 1)			:	None
3)	Changes in accounting estimates					:	None
4)	Restatements					:	None
(3) Number of issued shares (common stocks)
1)	Total number of issued shares at the end of the	FY2022		13,064,400	FY2021	13,064,400
	period (treasury stocks included)
2)	Number of treasury stocks at the end of the period	FY2022		70,737	FY2021	54,903
3)	Average number of shares during the period
FY2022		12,996,202	FY2021	13,008,701

(Note) The number of treasury stocks to be deducted for calculating the number of treasury stocks at the end of the period includes the Company's stocks held by the Board Benefit Trust (the "BBT") (FY2022: 70,000 shares; FY2021: 54,300 shares).

The number of treasury stocks to be deducted for calculating the average number of shares during the period includes the Company's stocks held by the BBT (FY2022: 67,585 shares; FY2021: 55,131 shares).

(Reference) Summary of non-consolidated financial results

1. Non-consolidated financial results for the fiscal year ended March 2023 (April 1, 2022 through March 31, 2023)

(1) Non-consolidated financial results			(%: Change from the previous fiscal year)
		Net sales	Operating profit	Ordinary profit		Net profit
		million yen	%	million yen	%	million yen		%	million yen	%
FY2022		15,312	145.5	13,078	162.8	13,059	165.5	13,344	166.7
FY2021		6,236	78.5	4,977	152.6	4,918	112.9	5,003	415.8
		Net profit per share	Diluted net profit per
		share
			yen sen		yen sen
FY2022			1,026.82		-
FY2021			384.60		-
(2) Non-consolidated financial position
		Total assets	Net assets	Shareholders' equity ratio	Net assets per share
			million yen		million yen			%		yen sen
FY2022			53,060		37,477			70.6		2,884.32
FY2021			43,167		26,147			60.6		2,009.91
(Reference)	Shareholders' equity		FY2022	37,477 million yen FY2021	26,147 million yen

• This report is exempt from audit procedures by certified public accountants or audit firms.
• Explanation regarding the appropriate use of earnings forecasts and other important matters

The forward-looking statements concerning future performance included in this report are based on the information available at the time of this report and certain assumptions we deemed reasonable. Therefore, actual results may differ significantly from these forward-looking statements due to various factors. For notes regarding the conditions that serve as assumptions for the earnings forecast and the use of the earnings forecast, please refer to "(4) Outlook for FY2023" in "1. Results of Operations" on page 4 of the appended material.

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