Mitsui & Co.,ltd · TSE:8031
Mitsui & Co.,ltd — Mitsui & Co Ltd Ord — Q2 FY2025 Earnings Presentation
23 slides from Mitsui & Co.,ltd's earnings presentation, Nov 6, 2025
Slide 1: Business Performance in FY2025-2nd Quarter
Business Performance in FY2025-2nd Quarter 2025/11/4 Mitsui O.S.K. Lines, Ltd. © 2025 Mitsui O.S.K. Lines, Ltd. 1
Slide 2: Contents
1. FY2025-2nd Quarter Results [Consolidated] P3-5 2. Outline of FY2025-2nd Quarter Results [Consolidated] P6-7 3. FY2025 Full-year Forecast [Consolidated] P8-10 4. Key Points of FY2025 Full-year Forecast [Consolidated] P11-12 Contents 5. (Reference) Progress of BLUE ACTION 2035 P13-17 [Supplement #1
Slide 3: FY2025-2nd Quarter Results [Consolidated]
1 FY2025-2nd Quarter Results [Consolidated] *as of August 01, 2025 FY2025 FY2025 1H FY2024 1H 1H Result Previous Variance Result YoY (￥billion) Q1 Q2 1H Forecast* (*4) Revenue 432.7 437.0 869.7 871.0 -1.2 900.6 -30.8 Operating profit/loss 37.0 34.7 71.8 61.0 +10.8 89.3 -17.5 Business profit/loss (*1
Slide 4: FY2025-2nd Quarter Results [By segment]
1 FY2025-2nd Quarter Results [By segment] Upper Revenue (*1) Lower Ordinary profit/loss *as of August 01, 2025 FY2025 1H FY2025 1H FY2024 1H Result Previous Variance Result YoY （¥ billion) Q1 Q2 1H Forecast* (*3) 107.1 111.2 218.4 211.0 +7.4 243.4 -25.0 Dry Bulk Business(*2) (including Steaming Coal
Slide 5: FY2025-1st Half Analysis [By segment] in ordinary profit/loss
1 FY2025-1st Half Analysis [By segment] in ordinary profit/loss Total Increase Decrease (¥ billion) 116.0 6.7 114.6 114.0 4.7 112.0 110.0 0.7 3.1 108.0 0.3 -0.7 -5.4 106.0 105.0 0.0 FY2025 1H Dry Bulk Energy Product Transport WBL Associated Others Adjustment FY2025 1H Previous forecast* Result ＊as o
Slide 6: Outline of FY2025-2nd Quarter Results(I) [Consolidated]
2 Outline of FY2025-2nd Quarter Results(I) [Consolidated] [Overall] 2 ◆ Business profit / Ordinary profit/ Income before income taxes / Net income: +4.6 billion yen / +9.6 billion yen / +8.9 billion yen / +4.2 billion yen from the previous forecast announced on August 1st. ◆ Major reasons for the ch
Slide 7: Outline of FY2025-2nd Quarter Results(II) [Consolidated]
2 Outline of FY2025-2nd Quarter Results(II) [Consolidated] ◼ Liquefied Gas Transport ➢ LNG/Ethane Carriers: In addition to stable earnings from long-term charter contracts, there were rescheduling of dry-docking for some vessels and one-time non- operating income related to refinancing. ➢ Gas infras
Slide 8: FY2025 Full-year Forecast [Consolidated]
3 FY2025 Full-year Forecast [Consolidated] 発表時（2025年8月01日)の予想 *as of August 01, 2025 1st Half 2nd Half Full-year Previous Previous Previous Result Variance Forecast Variance Forecast Variance (￥billion) Forecast* Forecast* Forecast* Revenue 869.7 871.0 -1.2 880.3 860.0 +20.2 1,750.0 1,731.0 +19.0 Op
Slide 9: FY2025 Full-year Forecast [By Segment]
3 FY2025 Full-year Forecast [By Segment] Upper Revenue(*1) Lower Ordinary profit/loss *as of August 01, 2025 1st Half 2nd Half Full-year FY2024 Result(*3) Previous Previous Previous Result Variance Forecast Variance Forecast Variance 1st Half 2nd Half Full-year (￥billion) Forecast* Forecast* Forecas
Slide 10: FY2025 Full-year Forecast Analysis [By segment] in ordinary profit/loss
3 FY2025 Full-year Forecast Analysis [By segment] in ordinary profit/loss Total Increase Decrease (¥ billion) 175.0 1.0 2.0 170.0 170.0 165.0 160.0 155.0 -18.0 1.0 2.0 152.0 150.0 -4.0 -2.0 0.0 FY2025 Full-year Dry Bulk Energy Product Transport WBL Associated Others Adjustment FY2025 Full-year Previ
Slide 11: Key Points of FY2025 Full-year Forecast (I) [Consolidated]
4 Key Points of FY2025 Full-year Forecast (I) [Consolidated] [Overall] ◆Business 4 profit / Ordinary profit / Income before income taxes / Net income: Difference from previous forecast: -¥18.0 billion/-¥18.0 billion/-¥15.0 billion/-¥20.0 billion. ◆Key points: While the energy business and the vehicl
Slide 12: Key Points of FY2025 Full-year Forecast (II) [Consolidated]
4 Key Points of FY2025 Full-year Forecast (II) [Consolidated] Product Transport Business [￥88.0 billion (-￥18.0 billion / -￥214.9 billion)] ◼ Containerships [￥25.0 billion (-￥17.0 billion/ -￥192.6 billion)] ➢ ONE: The forecast has been revised downward from the previous forecast, reflecting pressure
Slide 13: (Reference) FY2025 Shareholder Return Policy
5 (Reference) FY2025 Shareholder Return Policy We plan to pay a dividend of 200 yen per share this fiscal year (an increase of 25 yen per share from the previous forecast), aiming for a payout ratio of around 40%. Policy in Phase1 Policy in FY2025 ・Payout ratio: 30% ・Fixed dividend of 200 ・Minimum d
Slide 14: (Reference) Progress of BLUE ACTION 2035 Initiatives
5 (Reference) Progress of BLUE ACTION 2035 Initiatives Strategies / Materiality Actions (Press Release) ・Daibiru's First Project in the UK: Acquisition of "Capital House", a Prime London Office Building(2025-6-9) ・MOL Completes the Acquisition of LBC Tank Terminals(2025-7-1) ・MOL, Mitsui & CO. Joint
Slide 15: (Reference) BLUE ACTION 2035 Core KPI FY2025 Forecast
5 (Reference) BLUE ACTION 2035 Core KPI FY2025 Forecast FY2024 FY2025 Forecast FY2023 (Updated on 4th Phase 1 Phase 2 Phase 3 KPI Results Forecast November 2025) FY2025 FY2030 FY2035 Profit before tax (unit: JPY) 452.7 bil 215.0 bil 240.0 bil 340.0 bil 400.0 bil Financial KPI Net Gearing Ratio*1 0.9
Slide 16: (Reference) Phase 1(FY2023-2025) Cash Allocation
5 (Reference) Phase 1(FY2023-2025) Cash Allocation Operating cash flow (total) in Phase 1 is expected to increase by 260.0 billion yen based on the strong performance in FY2023 and 2024. The company is making business investments to accelerate growth while replacing assets. Cash In (FY2023 – FY2025
Slide 17: (Reference) Phase 1(FY2023-2025) Investment Progress
5 (Reference) Phase 1(FY2023-2025) Investment Progress Market Driven Stable Revenue Phase1 Investment Phase 1 Original Plan Major Projects with decisions made in Business Business Total aligned with Investment Plan (* 1) Phase1 Environmental (¥ Billion) Strategy New building order for environmentall
Slide 18: Dry Bulker Market (Spot Charter Rate) [Supplement #1]
Dry Bulker Market (Spot Charter Rate) [Supplement #1] 1. FY2024 (Result) (US$/day) FY2024 Size 1st Half 2nd Half Full-year Market for vessels operated by Apr-Sep, 2024 Oct, 2024 - Mar, 2025 Average MOL and MOL Drybulk Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 22,700 24,900 23,800 17,800 12,900 15,400
Slide 19: Tanker Market (Spot Earning) [Supplement #2]
Tanker Market (Spot Earning) [Supplement #2] １．FY2024 (Result) (US$/day) Vessel Type Trade FY2024 1st Half 2nd Half Full-year Market for vessels operated by MOL Jan-Jun, 2024 Jul-Dec, 2024 Average and its overseas subsidiaries Jan-Mar Apr-Jun Jul-Sep Oct-Dec Crude Oil Tanker Arabian Gulf - Far East
Slide 20: Containerized Freight Index (CCFI*) [Supplement #3]
Containerized Freight Index (CCFI*) [Supplement #3] 1. FY2024 (Result) (Jan 1, 1998=1,000) FY2024 1st Half 2nd Half Full-year Trade Apr-Sep, 2024 Oct, 2024 - Mar, 2025 Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 1,122 1,491 1,307 1,130 1,048 1,089 1,198 U.S. East Coast 1,234 1,660 1,447
Slide 21: Car Carrier Loading Volume [Supplement #4]
Car Carrier Loading Volume [Supplement #4] 1. FY2024 (Result) (1,000 units) FY2024 1st Half 1st Half 2nd Half 2nd Half Total Q1 Q2 Q3 Q4 Total (Includes Intra-European trade) 812 734 1,546 694 676 1,370 2,916 2. FY2025 (Result & Forecast) (1,000 units) FY2025 1st Half 2nd Half Total 1Q 2Q Total (Inc
Slide 22: Fleet Composition and Real Properties [Supplement #5]
Fleet Composition and Real Properties [Supplement #5] 31-Mar, 2026 Number of ships 31-Mar, 2025 30-Sep, 2025 (Forecast) Capesize 74 73 71 Panamax 18 22 18 Small and medium-sized Supramax Handysize 48 30 45 31 52 33 Number of properties (buildings) Vacancy rate(%) bulkers 96 98 103 31-Mar, 2025 30-Se
Slide 23: Mitsui O.S.K. Lines
MitsuiO.S.K. Lines
Mitsui & Co Ltd Ord — Q2 FY2025 Earnings Presentation on 6ix