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

(%: Change from the same period of the previous fiscal year)

Summary of Consolidated Financial Results for the Third Quarter of the

Fiscal Year Ending March 31, 2023 (Japanese GAAP)

February 10, 2023

Company name: Mitsui Matsushima Holdings Co., Ltd. Listing exchanges: Prime Market of Tokyo Stock Exchange and Fukuoka Stock Exchange

Stock code: 1518URL https://www.mitsui-matsushima.co.jp/

Representative: (Position/title) Representative Director and President (Name) Taishi Yoshioka

Contact: (Position/title) Executive Officer and General Manager of Accounting (Name) Satoru Eikawa (Tel.) 092 (771) 2171

Filing date of quarterly report: February 10, 2023 Expected date of dividend payment: -

Supplementary materials for the quarterly results :	Yes	(Presentation of Financial Results for the Third Quarter
		of the Fiscal Year Ending March 31, 2023)
Quarterly Financial Results Explanation Meeting :	No
		(Note: Figures are rounded down to the nearest million yen)

1. Consolidated financial results for the third quarter of the fiscal year ending March 31, 2023 (April 1, 2022 - December 31, 2022)

(1) Consolidated results of operations (YTD)

	Net sales		Operating profit	Ordinary profit	Net profit attributable to
		owners of parent
	million yen		%	million yen	%	million yen	%	million yen	%
3Q FY2022	56,086		66.2	24,488	401.1	25,835	394.5	18,037	481.5
3Q FY2021	33,740		(16.9)	4,887	266.4	5,224	116.4	3,101	-

(Note) Comprehensive income 3Q FY2022 19,438 million yen (494.6%); 3Q FY2021 3,269 million yen (-%)

	Net profit per share	Diluted net profit per
	share
	yen sen	yen sen
3Q FY2022	1,387.79	-
3Q FY2021	238.45	-

(2) Consolidated financial position

	Total assets	Net assets	Shareholders' equity
	ratio
	million yen	million yen	%
3Q FY2022	88,238	51,463	58.2
FY2021	67,837	35,537	52.2

(Reference) Shareholders' equity 3Q FY2022 51,356 million yen; FY2021 35,435 million yen 2. Dividends

				Annual dividend per share
			End of 1Q	End of 2Q	End of 3Q	Year-end		Total
			yen sen	yen sen		yen sen	yen sen		yen sen
	FY2021		-	-		-	80.00		80.00
	FY2022		-	80.00		-
FY2022 (forecast)					240.00		320.00
(Note)	Most recently announced revision to dividend forecast	:	Yes
(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 (forecast)

3. Forecast for consolidated earnings for the fiscal year ending March 31, 2023 (April 1, 2022-March 31, 2023)

(%: Change from previous fiscal year)

	Net sales		Operating profit	Ordinary profit	Net profit attributable	Net profit per
		to owners of parent	share
	million yen		%	million yen	%	million yen	%	million yen	%	yen sen
Full fiscal year	78,000		67.4	35,000	315.8	35,000	307.2	21,000	289.2	1,615.77
(Note) Most recently announced revision to earnings forecast	: Yes

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: None

: None

: None

: None

*Notes

(1) Material changes in subsidiaries during the cumulative period

: None

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

Newly included subsidiaries Company (Company name) - , Excluded -Company (Company name) -

(2) Application of specific accounting procedures for preparation of	: None
the quarterly consolidated financial statements

(3) Changes in accounting principles and changes in accounting estimates and restatements 1) Changes in accounting principles due to revision of

accounting standards

2) Changes in accounting principles due to reasons other than 1)

3) Changes in accounting estimates

4) Restatements

(4) Number of issued shares outstanding (common stock)

1. Total number of issued shares at the end of the period (treasury stock included)
2. Number of treasury stocks at the end of the period
3. Average number of shares during the period (cumulative from the start of the fiscal year)

3Q FY2022	13,064,400	shares	FY2021	13,064,400	shares
3Q FY2022	70,603	shares	FY2021	54,903	shares
3Q FY2022	12,996,937	shares	3Q FY2021	13,008,458	shares

(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 (BBT) (3Q 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 (cumulative total) includes the Company's stocks held by the BBT (3Q FY2022: 66,860 shares; 3Q FY2021: 55,380 shares).

*Quarterly summary reports are exempt from the quarterly review by certified public accountants or audit firms. *An 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, the 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 "(3) Explanation Regarding the Consolidated Earnings Forecast and Other Information on Future Projections" on page three of the attached materials.

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