Consolidated Financial Resultsfor the Year Ended March 31, 2025

Consolidated Financial Results for the Year Ended March 31, 2025

[Japanese GAAP]

April 30, 2025

Company name: Mitsubishi Logistics Corporation Listing: Tokyo Stock Exchange

Securities code: 9301

URL: https://www.mitsubishi-logistics.co.jp/english/

Representative: Hidechika Saito Representative Director and President

Inquiries: Yukako Inomata General Manager, Corporate Communications & Investor Relations Division Telephone: +81-3-3278-6612

Scheduled date of annual general meeting of shareholders: June 27, 2025 Scheduled date to commence dividend payments: June 30, 2025 Scheduled date to file annual securities report: June 25, 2025

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (April 1, 2024 to March 31, 2025)

   1. Consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Revenue		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 284,069 254,507	% 11.6 (15.3)	Millions of yen 20,310 18,941	% 7.2 (17.7)	Millions of yen 18,620 24,358	% (23.6) (18.9)	Millions of yen 31,864 27,787	% 14.7 2.1

      (Note) Comprehensive income:	Fiscal year ended March 31, 2025:	¥	1,111 million	[ (98.5) %]
      	Fiscal year ended March 31, 2024:	¥	72,425 million	[ 196.5%]

      	Basic earnings per share	Diluted earnings per share	Return on equity	Ordinary profit to total assets ratio	Operating profit to revenue ratio
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2025	85.92	-	8.2	2.9	7.1
      March 31, 2024	71.89	-	7.3	3.9	7.4

      (Reference) : Share of profit(loss) of entities accounted for using equity method Fiscal year ended March 31, 2025: ¥ (5,597) million

      Fiscal year ended March 31, 2024: ¥ 970 million

      (Note) Effective November 1, 2024, we carried out a five-for-one stock split of its common shares. Basic earnings per share was calculated on the assumption that the stock split occurred at the beginning of the fiscal year ended March 31, 2024.

   2. Consolidated Financial Position

      	Total assets	Net assets	Equity-to-asset ratio	Net assets per share
      As of March 31, 2025 March 31, 2024	Millions of yen 626,058 679,143	Millions of yen 379,276 411,703	% 59.8 59.7	Yen 1,040.59 1,069.74

      (Reference) Equity: As of March 31, 2025:	¥	374,668 million
      As of March 31, 2024:	¥	405,427 million

   3. Consolidated Cash Flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at the end of period
   Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 29,622 41,768	Millions of yen 15,500 (31,477)	Millions of yen (44,188) (14,858)	Millions of yen 61,006 58,444

2. Dividends

   	Annual dividends					Total dividends	Payout ratio (consolidated)	Dividends to net assets (consolidated)
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Fiscal year-end	Total
   Fiscal year ended March 31, 2024 March 31, 2025	Yen - -	Yen 50.00 80.00	Yen - -	Yen 70.00 16.00	Yen 120.00 -	Millions of yen 9,185 11,705	% 33.4 37.2	% 2.4 3.0
   Fiscal year ending March 31, 2026 (Forecast)	-	18.00	-	18.00	36.00		31.2

   (Note) Effective November 1, 2024, we carried out a five-for-one stock split of its common shares. The effect of the stock split has been factored in the forecast year-end dividend per share for the fiscal year ending March 31, 2025, with the annual dividend stated as "-." If the stock split were not factored in, the forecast year-end dividend would be 80.00 yen and the forecast annual dividend 160.00 yen for the fiscal year ending March 31, 2025.

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

(Note) Business profit= Operating profit + Share of profit(loss) of entities accounted for using equity method + Net income from the asset turnover business

* Notes:

1. Significant changes in the scope of consolidation during the period: Yes

   Newly included: 2 company Tajimi LLC (affiliates accounted for by the equity method)

   Chibakita LLC (affiliates accounted for by the equity method)

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: Yes

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): As of March 31, 2025: 388,197,695 shares

      As of March 31, 2024: 409,803,695 shares

   2. Number of treasury shares at the end of the period:

      As of March 31, 2025: 28,142,954 shares

      As of March 31, 2024: 30,807,930 shares

   3. Average number of shares outstanding during the period:

Fiscal Year ended March 31, 2025: 370,876,303 shares

Fiscal Year ended March 31, 2024: 386,517,857 shares

(Note) Effective November 1, 2024, we carried out a five-for-one stock split of its common shares. Total number of issued shares at the end of the period (including treasury shares), number of treasury shares at the end of the period and average number of shares outstanding during the period were calculated on the assumption that the stock split occurred at the beginning of the fiscal year ended March 31, 2024.

• Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters

The above forecasts are based on the information available to the Company's management as of the date of release and certain assumptions judged rational, and the Company does not guarantee the achievement of the forecasts. Accordingly, there might be cases in which actual results differ from forecasts in this material.

Consolidated Financial Statements

Consolidated Balance Sheets

(Millions of yen)

As of March 31, 2024 As of March 31, 2025

Assets

(Millions of yen)

As of March 31, 2024 As of March 31, 2025

Liabilities

Current liabilities