Presentation of Financial Results for the Second Quarter of the Fiscal Year Ending March 2026

P3

FY2025 2Q Financial Results

P7

Revision of FY2025 Consolidated Earnings Forecast and Dividend Forecast

P10

Capital Policies and Shareholder Returns

• Net sales: 9.1% increase year on year

• Operating profit: 40.2% increase year on year

• Net profit: 80.7% increase year on year

(Million yen)

* Operating profit before amortization of goodwill is operating profit excluding the amortization of goodwill that arises from business acquisitions.

Consumer Goods

Nippon Straw, Meiko Shokai, KMT, Systech Kyowa, MOS

Industrial Products

Financial Services, Other

CST, Sansei Denshi, Nippon Katan, Plus One Techno, Japan Chain Holdings MRF (consolidated in 2Q, FY2024), MM Investments, etc.

(Million yen)

Balance Sheet

March 31, 2025 Amount Ratio (%)

(Million yen)

Change Major factors behind changes

Other Indicators

March 31,

2025

September 30, 2025

Change

‌Revision of FY2025 Consolidated Earnings Forecast and Dividend Forecast

• The first half saw a high rate of progress due to special factors such as gain on the transfer of solar power generation business and gain on sale of investment securities by MM investments (hereinafter, MMI). Although a loss will be recorded for the second half due to the transfer of Mitsui Matsushima Resources, the consolidated earnings forecast has been revised upward as each group company is expected to see increased profits.

• According to the above, we plan to increase the dividend by 18 yen per share.

  (Million yen)

  FY2024 Results		FY2025 initial forecast	FY2025 revised forecast	Change from initial forecast	Major special factors
  Net sales	60,574	65,500	66,600	+1,100
  Operating profit (before amortization of goodwill)	7,615 (8,769)	8,200 (9,300)	9,000 (10,100)	+800 (+800)
  Ordinary profit	8,448	8,100	9,100	+1,000
  Net profit attributable to owners of parent	8,645	5,800	6,400	+600	[First half] (+700 recorded for initial forecast) +400 [Second half]
  Dividend per share [Pre-stock split equivalent]	26 yen [130 yen]	46 yen [230 yen]	64 yen [320 yen]	+18 yen [+90 yen]

  • Gain on transfer of solar power generation business: +850

  • Gain on sale of investment securities by MMI:

  • Loss on transfer of Mitsui Matsushima Resources: -700

  (Supplementary note)

  There is no cash outflow associated with the loss on business transfer, and the tax loss is expected to reduce the Group's tax expenses and cash outflow by approximately 700 million yen.

  
  
  

  • The above forecast is based on information available as of the date of this publication. Actual results may vary due to various future factors. If a revision of the forecast of financial results becomes necessary, the Company will disclose the revised figures promptly.

  • Many of our group companies manufacture and sell products in Japan, so the impact of additional tariffs in the United States on the consolidated group as a whole is limited.

  • The Company conducted a 5-for-1 stock split of its common shares, effective October 1, 2025.

  ‌FY2025 Consolidated Segment Earnings Forecast

  • Each segment is expected to see profits exceeding the initial forecast, mainly at Nippon Straw in [Consumer Goods] and Japan Chain Holdings and CST in [Industrial Products].

    (Million yen)

    		Net sales			Segment Profit
    		Initial forecast	Revised forecast	Change	Initial forecast	Revised forecast	Change
    	Consumer Goods (before amortization of goodwill)	27,800	27,500	-300	2,200 (2,800)	2,400 (3,000)	+200 (+200)
    	Industrial Products (before amortization of goodwill)	32,800	34,000	+1,200	4,300 (4,700)	4,800 (5,200)	+500 (+500)
    	Financial Services, Other (before amortization of goodwill)	4,900	5,100	+200	1,700 (1,800)	1,800 (1,900)	+100 (+100)
    Total (before amortization of goodwill)		65,500	66,600	+1,100	8,200 (9,300)	9,000 (10,100)	+800 (+800)

    ‌Capital Policies and Shareholder Returns

    ‌Toward Achieving Stock Price Growth in FY2025 (released on May 13, 2025)

    3. Stock split (1 share → 5 shares)

    Completed

• The targets set for FY2025 toward achieving stock price growth have been mostly achieved.

Targets

Further increase in dividend

from

[230 yen] to [320 yen]

46 yen

64 yen

Three major measures to achieve the targets

1. Drastic increase

in dividend*1

[130 yen] [230 yen]

26 yen to 46 yen

per share and the

introduction of progressive dividends

*1 The amounts in brackets indicate amounts converted to values before the stock split.

2. Acquisition of own shares

totaling 20 billion yen (up to

20

[4]

million shares*2)

*2 Equivalent to approximately 36% of the number of issued shares (excluding treasury shares), the number of shares to be acquired was increased

from 3.5 million shares to 4 million shares on June 18, 2025. The figure in brackets indicates the amount converted to the value before the stock split.

‌Implementation Status of FY2025 Capital Policies and Shareholder Returns

1. Further increase in annual dividend to 64 yen per share 2. Acquisition of own shares totaling 20 billion yen

   • Revised annual dividend upward to 64 yen, an increase of 18 yen from the initial forecast

   • Maintain annual dividend of 64 yen or above

     Annual

     dividend 64 yen

     [320 yen]

     +18 yen

     [+90 yen]

     20 yen

     [100 yen]

     26 yen

     [130 yen]

     46 yen

     [230 yen]

     
     
     

     through progressive dividends

   • Acquisition of own shares is in progress in accordance with market trends, etc.

*1 The number of shares after the stock split is stated.

2024/3

2027/3

2025/3 2026/3

(expectation)

2028/3

(expectation)

1. Implementation of stock split (1 share → 5 shares)

   • Stock split completed on October 1, 2025

   • The minimum amount required for each investment

* The amounts in brackets indicate amounts converted to values before the stock split.

was reduced to less than 500,000 yen to improve the liquidity of our shares and expand our investor base.

‌These materials contain forward-looking statements that in no way guarantee future performance and involve risks and uncertainties. Future performance may vary due to changing assumptions and conditions in the business environment. Therefore, these materials should not be relied on as the sole source of information and should be used with discretion after cross-checking with information obtained by other means. Mitsui Matsushima Holdings Co., Ltd. is in no way responsible for any damage caused as a result of relying on or using these materials.