EARNINGS SUMMARY | IR INFORMATION | Murakami Corporation

INDEX

Financial Statement Summary <Full Year>

*Revenue Recognition and Accounting Standards introduced for March ’22 term.

Consolidated Profit/Loss

Unit: 1 million JPY

	'19/3	'20/3	'21/3	'22/3	'23/3	（'24/3 Forecast）
Sales	73,732	77,668	74,147	73,595	90,643	108,000
Gross Margin	14,169	14,079	11,806	12,066	13,037	―
% of Sales	19.2%	18.1%	15.9%	16.4%	14.4%	―
Operating Profit	7,148	7,025	5,109	4,864	5,584	7,800
% of Sales	9.7%	9.0%	6.9%	6.6%	6.2%	7.2%
Ordinary Profit	7,688	7,639	5,713	5,723	6,419	9,200
% of Sales	10.4%	9.8%	7.7%	7.8%	7.1%	8.5%
Net Profit for Term	4,860	4,961	3,699	3,865	5,370	6,000
% of Sales	6.6%	6.4%	5.0%	5.3%	5.9%	5.6%

Currency Exchange Rate

Unit: JPY

	End of '19	End of '20	End of '21	End of '22	End of '23 (Assumption)
USD	109.56	103.50	115.02	132.70	141.00

*Revenue Recognition and Accounting Standards introduced for March ’22 term.

Profit/Loss by Region

Unit: 1 million JPY

		'19/3	'20/3	'21/3	'22/3	'23/3
Japan	Sales	45,605	45,346	44,338	35,950	45,298
	Operating Profit	3,690	2,815	1,941	1,865	1,563
	% of Sales	8.1%	6.2%	4.4%	5.2%	3.5%
Asia	Sales	17,358	19,078	18,087	21,648	27,683
	Operating Profit	2,695	2,849	2,058	2,515	3,127
	% of Sales	15.5%	14.9%	11.4%	11.6%	11.3%
North America	Sales	10,769	13,243	11,720	15,996	17,660
	Operating Profit	555	1,144	847	264	329
	% of Sales	5.2%	8.6%	7.2%	1.7%	1.9%

Consolidated Balance Sheet

Unit: 1 million JPY

	'19/3	'20/3	'21/3	'22/3	'23/3
Cash Deposits	28,053	28,734	32,684	34,819	39,467
Inventory	4,317	4,343	4,793	7,501	9,984
Other Liquid Assets	12,373	13,204	14,400	14,032	17,477
Tangible Fixed Assets	24,740	25,878	24,350	23,685	24,204
Intangible Fixed Assets	1,381	1,650	1,454	1,400	1,360
Other Fixed Assets	7,430	6,614	7,190	7,759	7,865
Total Assets	78,298	80,427	84,874	89,199	100,359
Liquid Liabilities	13,257	12,623	14,279	13,991	19,497
Fixed Liabilities	3,870	2,615	3,100	3,185	1,835
Shareholder Equity	57,127	61,619	64,140	66,674	70,607
Other Comprehensive Income	1,286	961	857	3,020	5,502
Non-controlling Interest	2,755	2,607	2,497	2,328	2,918
Total Liabilities and Assets	78,298	80,427	84,874	89,199	100,359

Equipment Investments / Depreciation / R&D / Employee Count

Unit: 1 million JPY

		'19/3	'20/3	'21/3	'22/3	'23/3
Equipment Investments		4,793	5,203	2,958	2,614	3,232
Depreciation Costs		3,321	3,834	4,107	4,121	3,873
R&D Expenses		1,242	1,229	1,097	1,312	973
Employee Count	Consolidated	2,949	3,183	3,183	3,222	3,501
Employee Count	Non-consolidated	899	929	950	943	953

*Revenue Recognition and Accounting Standards introduced for March ’22 term.

	'20/3				'21/3				'22/3				'23/3				'24/3
	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q
USD	110.99	107.79	107.92	109.56	108.83	107.74	105.80	103.50	110.71	110.58	111.92	115.02	122.39	136.68	144.81	132.70	133.53	144.99	149.58