Consolidated Financial Results for the Year Ended March 31, 2025

Consolidated Financial Results for the Year Ended March 31, 2025

[Japanese GAAP]

May 13, 2025

Company name: MITSUI MATSUSHIMA HOLDINGS CO., LTD.

Listing: Tokyo Stock Exchange, Fukuoka Stock Exchange Securities code: 1518

URL: https://http://www.mitsui-matsushima.co.jp/

Representative: Taishi Yoshioka Representative Director and President

Inquiries: Satoru Eikawa Executive Officer, General Manager of Accounting Department Telephone: +81-92（771）2171

Scheduled date of annual general meeting of shareholders: June 20, 2025

Scheduled date to commence dividend payments: June 2, 2025 Scheduled date to file annual securities report: June 20, 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.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 60,574 77,472	% (21.8) (3.2)	Millions of yen 7,615 25,170	% (69.7) (29.7)	Millions of yen 8,448 26,004	% (67.5) (27.6)	Millions of yen 8,645 15,117	% (42.8) (34.2)

      (Note) Comprehensive income:	Fiscal year ended March 31, 2025:	¥	9,154 million	[	(45.8) %]
      	Fiscal year ended March 31, 2024:	¥	16,902 million	[	(29.2) %]

      	Basic earnings per share	Diluted earnings per share	Rate of return on equity	Ordinary profit to total assets ratio	Operating profit to net sales ratio
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2025	750.13	-	13.4	7.8	12.6
      March 31, 2024	1,209.24	-	25.4	26.7	32.5

      (Reference) Equity in earnings (losses) of affiliated companies:	Fiscal year ended March 31, 2025:	¥	(9) million
      (2) Consolidated Financial Position	Fiscal year ended March 31, 2024:	¥	- million

      	Total assets	Net assets	Capital adequacy ratio	Net assets per share
      As of March 31, 2025 March 31, 2024	Millions of yen 117,627 99,740	Millions of yen 65,481 64,023	% 55.5 63.6	Yen 5,825.49 5,322.49

      (Reference) Equity: As of March 31, 2025:	¥	65,336 million
      As of March 31, 2024:	¥	63,448 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 4,574 21,288	Millions of yen (11,917) (11,692)	Millions of yen (10,206) (22,748)	Millions of yen 8,973 25,983

2. Dividends

   	Annual dividends					Total dividends	Payout ratio (consolidated)	Dividends to net assets (consolidated)
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended March 31, 2024 March 31, 2025	Yen - -	Yen 40.00 50.00	Yen - -	Yen 60.00 80.00	Yen 100.00 130.00	Millions of yen 1,222 1,500	% 8.3 17.3	% 2.1 2.3
   Fiscal year ending March 31, 2026(Forecast)	-	115.00	-	115.00	230.00		45.3

   (Note)The Company plans to carry out a 5-for-1 stock split of its common shares, with an effective date of October 1, 2025.

   The year-end dividend per share for the fiscal year ending March 31, 2026 (Forecast) is stated as the amount without considering the stock split. The year-end dividend per share for the fiscal year ending March 31, 2026 (Forecast) considering the stock split would be 23.00 yen per share.

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)The Company plans to carry out a 5-for-1 stock split of its common shares, with an effective date of October 1, 2025.

The impact of the split is taken into account in the basic earnings per share forecast for FY3/2026.Basic earnings per share excluding the effect of the stock split would be ¥517.13.

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

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: Yes

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

2. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): March 31, 2025: 13,064,400 shares

      March 31, 2024: 13,064,400 shares

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

      March 31, 2025: 1,848,701 shares

      March 31, 2024: 1,143,539 shares

   3. Average number of shares outstanding during the period:

Fiscal Year ended March 31, 2025: 11,525,615 shares

Fiscal Year ended March 31, 2024: 12,501,925 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) (FY2024: 198,000 shares; FY2023: 62,900 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 (FY2024: 177,338 shares; FY2023: 65,085 shares).

(Reference) Overview of Non-consolidated Financial Results

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

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

   	Net sales		Operating profit		Ordinary profit		Net income
   Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 9,950 24,988	% (60.2) 63.2	Millions of yen 8,095 22,557	% (64.1) 72.5	Millions of yen 8,399 22,473	% (62.6) 72.1	Millions of yen 8,241 22,696	% (63.7) 70.1

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   March 31, 2025	715.03	-
   March 31, 2024	1,815.46	-

2. Non-consolidated Financial Position

• 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 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 "(3) Explanation Regarding the Consolidated Earnings Forecast and

Other Information on Future Projections" on page 5 of the appended material.