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

	'20/3	'21/3	'22/3	'23/3	'24/3	（'25/3 Forecast）
Sales	77,668	74,147	73,595	90,643	104,601	111,400
Gross Margin	14,079	11,806	12,066	13,037	16,076	―
% of Sales	18.1%	15.9%	16.4%	14.4%	15.4%	―
Operating Profit	7,025	5,109	4,864	5,584	8,336	8,400
% of Sales	9.0%	6.9%	6.6%	6.2%	8.0%	7.5%
Ordinary Profit	7,639	5,713	5,723	6,419	9,316	9,400
% of Sales	9.8%	7.7%	7.8%	7.1%	8.9%	8.4%
Net Profit for Term	4,961	3,699	3,865	5,370	5,887	6,000
% of Sales	6.4%	5.0%	5.3%	5.9%	5.6%	5.4%

Currency Exchange Rate

Unit: JPY

	End of '20	End of '21	End of '22	End of '23	End of '24 (Assumption)
USD	103.50	115.02	132.70	141.83	145.00

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

Profit/Loss by Region

Unit: 1 million JPY

		'20/3	'21/3	'22/3	'23/3	'24/3
Japan	Sales	45,346	44,338	35,950	45,298	50,418
	Operating Profit	2,815	1,941	1,865	1,563	2,542
	% of Sales	6.2%	4.4%	5.2%	3.5%	5.0%
Asia	Sales	19,078	18,087	21,648	27,683	31,228
	Operating Profit	2,849	2,058	2,515	3,127	4,132
	% of Sales	14.9%	11.4%	11.6%	11.3%	13.2%
North America	Sales	13,243	11,720	15,996	17,660	22,954
	Operating Profit	1,144	847	264	329	946
	% of Sales	8.6%	7.2%	1.7%	1.9%	4.1%

Consolidated Balance Sheet

Unit: 1 million JPY

	'20/3	'21/3	'22/3	'23/3	'24/3
Cash Deposits	28,734	32,684	34,819	39,467	43,290
Inventory	4,343	4,793	7,501	9,984	9,442
Other Liquid Assets	13,204	14,400	14,032	17,477	17,942
Tangible Fixed Assets	25,878	24,350	23,685	24,204	24,613
Intangible Fixed Assets	1,650	1,454	1,400	1,360	1,222
Other Fixed Assets	6,614	7,190	7,759	7,865	10,301
Total Assets	80,427	84,874	89,199	100,359	106,814
Liquid Liabilities	12,623	14,279	13,991	19,497	17,733
Fixed Liabilities	2,615	3,100	3,185	1,835	3,015
Shareholder Equity	61,619	64,140	66,674	70,607	73,106
Other Comprehensive Income	961	857	3,020	5,502	9,873
Non-controlling Interest	2,607	2,497	2,328	2,918	3,085
Total Liabilities and Assets	80,427	84,874	89,199	100,359	106,814

Equipment Investments / Depreciation / R&D / Employee Count

Unit: 1 million JPY

		'20/3	'21/3	'22/3	'23/3	'24/3
Equipment Investments		5,203	2,958	2,614	3,232	3,516
Depreciation Costs		3,834	4,107	4,121	3,873	4,124
R&D Expenses		1,229	1,097	1,312	1,017	924
Employee Count	Consolidated	3,183	3,183	3,222	3,501	3,760
Employee Count	Non-consolidated	929	950	943	953	954

*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