MTI : Notice Concerning Dividend from Surplus (Interim Dividend)

May 11, 2023

For Immediate Release:

MTI Ltd.

Representative: Toshihiro Maeta,

President and Chief Executive Officer

Listing: TSE Prime [9438]

Contact: Hiroshi Matsumoto,

Senior Managing Director

Tel: [phone]

Notice Concerning Dividend from Surplus (Interim Dividend)

MTI Ltd. (hereinafter the "Company") announces that the Board of Directors of the Company resolved to pay a dividend from surplus (interim dividend) with March 31, 2023 as the record date at its meeting held on May 11, 2023. Details are as follows.

1. Outline of the dividend (Interim dividend)

									Dividends in previous
			Determined amount			Latest dividend forecast			fiscal year
				(Announced on November 9, 2022	)		(Fiscal year ended September
									30, 2022)
	Dividend record date		March 31, 2023		Same as on the left		March 31, 2022
	Cash dividends per		8 yen		Same as on the left		8 yen
	share
	Total cash dividends		440 million yen	-			439 million yen
	Effective date		June 16, 2023	-			June 17, 2022
	Dividend resource		Retained earnings	-			Retained earnings

2. Reasons for dividends from surplus

As stated in the release announced today, "Notice Regarding Differences between Forecasts and Actual Results for the First Half of the Fiscal Year, and Revisions to Full-Year Results Forecast", net sales exceeded the initial forecast for the first six months of the fiscal year under review. Although operating income was lower than the initial forecast, ordinary income and profit attributable to owners of parent exceeded the initial forecast.

Because the school digital transformation business and a part of the healthcare business now have a certain potential for the improvement of performance in the following term and because the Company has a policy of paying consistent dividends until the healthcare business contributes to earnings, the Company has decided to pay an interim dividend of 8 yen per share as forecast.

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（Reference） Annual dividend forecast

				Cash dividends per share
	Dividend record date		End of Q2	Year-end	Total
	Initial forecast			8 yen	16 yen
	Actual dividends in the		8 yen
	current fiscal year
	Actual dividends in the
	previous fiscal year
	(Fiscal year ended September		8 yen	8 yen	16 yen
30, 2022)

Note: This document has been translated from a part of 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. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Contact information for inquiries

Investor Relations Office

E-mail:[e-mail]

URL：https://ir.mti.co.jp/eng/

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