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

	'22/3	'23/3	'24/3	'25/3	（'26/3 Forecast）
Sales	73,595	90,643	104,601	109,205	106,000
Gross Margin	12,066	13,037	16,076	17,263	―
% of Sales	16.4%	14.4%	15.4%	15.8%	―
Operating Profit	4,864	5,584	8,336	8,861	8,000
% of Sales	6.6%	6.2%	8.0%	8.1%	7.5%
Ordinary Profit	5,723	6,419	9,316	9,906	9,300
% of Sales	7.8%	7.1%	8.9%	9.1%	8.8%
Net Profit for Term	3,865	5,370	5,887	5,943	5,800
% of Sales	5.3%	5.9%	5.6%	5.4%	5.5%

Currency Exchange Rate

Unit: JPY

	End of '21	End of '22	End of '23	End of '24	End of '25 (Assumption)
USD	115.02	132.70	141.83	158.18	143

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

Profit/Loss by Region

Unit: 1 million JPY

		'21/3	'22/3	'23/3	'24/3	'25/3
Japan	Sales	44,338	35,950	45,298	50,418	51,125
	Operating Profit	1,941	1,865	1,563	2,542	2,795
	% of Sales	4.4%	5.2%	3.5%	5.0%	5.5%
Asia	Sales	18,087	21,648	27,683	31,228	30,624
	Operating Profit	2,058	2,515	3,127	4,132	4,169
	% of Sales	11.4%	11.6%	11.3%	13.2%	13.6%
North America	Sales	11,720	15,996	17,660	22,954	27,456
	Operating Profit	847	264	329	946	1,454
	% of Sales	7.2%	1.7%	1.9%	4.1%	5.3%

Consolidated Balance Sheet

Unit: 1 million JPY

	'21/3	'22/3	'23/3	'24/3	'25/3
Cash Deposits	32,684	34,819	39,467	43,290	47,576
Inventory	4,793	7,501	9,984	9,442	9,774
Other Liquid Assets	14,400	14,032	17,477	17,942	21,247
Tangible Fixed Assets	24,350	23,685	24,204	24,613	26,033
Intangible Fixed Assets	1,454	1,400	1,360	1,222	1,176
Other Fixed Assets	7,190	7,759	7,865	10,301	9,716
Total Assets	84,874	89,199	100,359	106,814	115,526
Liquid Liabilities	14,279	13,991	19,497	17,733	20,029
Fixed Liabilities	3,100	3,185	1,835	3,015	3,235
Shareholder Equity	64,140	66,674	70,607	73,106	77,026
Other Comprehensive Income	857	3,020	5,502	9,873	11,896
Non-controlling Interest	2,497	2,328	2,918	3,085	3,338
Total Liabilities and Assets	84,874	89,199	100,359	106,814	115,526

Equipment Investments / Depreciation / R&D / Employee Count

Unit: 1 million JPY

		'21/3	'22/3	'23/3	'24/3	'25/3
Equipment Investments		2,958	2,614	3,232	3,516	4,701
Depreciation Costs		4,107	4,121	3,873	4,124	4,148
R&D Expenses		1,097	1,312	1,017	924	1,094
Employee Count	Consolidated	3,183	3,222	3,501	3,760	3,746
Employee Count	Non-consolidated	950	943	953	954	961

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

	'21/3				'22/3				'23/3				'24/3				'25/3
	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q
USD	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	141.83	151.41	161.07	142.73	158.18