MTI : Notice Concerning Dividend from Surplus (Interim Dividend)

May 9, 2024

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, 2024 as the record date at its meeting held on May 9, 2024. Details are as follows.

1. Outline of the dividend (Interim dividend)

					Latest dividend forecast			Dividends
		Determined amount					in previous fiscal year
				(Announced on
						(Fiscal year ended
					November 8, 2023)
							September 30, 2023)
Dividend record date		March 31, 2024		Same as on the left		March 31, 2023
Cash dividends per share		8 yen		Same as on the left		8 yen
Total cash dividends		440 million yen	-			440 million yen
Effective date		June 14, 2024	-			June 16, 2023
Dividend resource		Retained earnings	-			Retained earnings

2. Reasons for dividends from surplus

While our operating income, ordinary income, and quarterly net income attributable to owners of the parent for the second quarter (cumulative) exceeded initial expectations, we have decided to maintain the interim dividend at the expected rate of 8 yen per share, considering stable dividends.

（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, 2023)

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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]：https://ir.mti.co.jp/eng/

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