Mitsui O.s.k.lines,ltd. · TSE:9104
Mitsui O.s.k.lines,ltd — Q3 FY2024 Earnings Presentation
21 slides from Mitsui O.s.k.lines,ltd's earnings presentation, Jan 31, 2025
Slide 1: Business Performance in FY2024-3rd Quarter
Business Performance in FY2024-3rd Quarter 2025/1/31 Mitsui O.S.K. Lines, Ltd. © 2025 Mitsui O.S.K. Lines, Ltd. 1
Slide 2: Contents
1. FY2024-3rd Quarter Results [Consolidated] P3-5 2. Outline of FY2024-3rd Quarter Results [Consolidated] P6-7 3. FY2024 Full-year Forecast [Consolidated] P8-11 4. Key Points of FY2024 Full-year Forecast [Consolidated] P12-13 Contents 5. (Reference) Progress of BLUE ACTION 2035 P14-15 [Supplement #1
Slide 3: FY2024-3rd Quarter Results [Consolidated]
1 FY2024-3rd Quarter Results [Consolidated] FY2024 FY2023 Result Result YoY (￥billion) Q1 Q2 Q3 Apr.-Dec. Q1 Q2 Q3 Apr.-Dec. Revenue 435.9 464.6 418.0 1,318.6 385.1 404.9 428.5 1,218.6 +100.0 Operating profit/loss 40.6 48.5 33.1 122.3 24.4 24.8 30.8 80.1 +42.1 Business profit/loss (*1) 94.9 159.1 11
Slide 4: FY2024-3rd Quarter Results [By segment]
1 FY2024-3rd Quarter Results [By segment] Upper Revenue (*1) Lower Ordinary profit/loss FY2024 FY2023 Result Result YoY (￥billion) Q1 Q2 Q3 Apr.-Dec. Q1 Q2 Q3 Apr.-Dec. 106.5 107.0 100.0 313.5 95.4 94.4 107.3 297.1 +16.3 Dry Bulk Business (excluding; Thermal Power Fuel Carriers) 6.9 2.0 5.7 14.7 26.
Slide 5: FY2024 Q1-Q3 Analysis [By segment] in ordinary profit/loss
1 FY2024 Q1-Q3 Analysis [By segment] in ordinary profit/loss (¥ billion) Upward Downward Total - © 2025 Mitsui O.S.K. Lines, Ltd. 5
Slide 6: Outline of FY2024-3rd Quarter Results (I) [Consolidated]
2 Outline of FY2024-3rd Quarter Results(I) [Consolidated] [Overall] ◆Business profit / Ordinary profit / Income before income taxes / Net income: +¥220.0 billion / +¥177.6 billion / +¥157.2 billion /+¥164.5 billion year- on-year. ◆ Major reasons for the change in profit: Strong performance in the co
Slide 7: Outline of FY2024-3rd Quarter Results (II) [Consolidated]
2 Outline of FY2024-3rd Quarter Results(II) [Consolidated] 2 Gas Transport ◼ Liquefied ➢ LNG Carriers: Secured stable profits due to the delivery of the new vessels and the existing long-term charter contracts. ➢ LNG infrastructure: Profit increased year-on-year as a result of the stable operation o
Slide 8: FY2024 Full-year Forecast [Consolidated]
3 FY2024 Full-year Forecast [Consolidated] *as of October 31, 2024 FY2024 1st Half 2nd Half Full-year Previous Variance (￥billion) Result Q3 Result Q4 Forecast Forecast Forecast Forecast* Revenue 900.6 418.0 471.3 889.3 1,790.0 1,790.0 0.0 Operating profit/loss 89.1 33.1 31.6 64.8 154.0 153.0 +1.0 B
Slide 9: FY2024 Full-year Forecast [By segment]
3 FY2024 Full-year Forecast [By segment] Upper Revenue(*1) Lower Ordinary profit/loss *as of October 31, 2024 FY2024 FY2023 1st Half 2nd Half Full-year Previous Variance 1st Half 2nd Half Full-year (￥billion) Result Q3 Result Q4 Forecast Forecast Forecast Forecast* (excluding; Thermal Power Fuel 213
Slide 10: FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss
3 FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss (¥ billion) Upward Downward Total ＊as of October 31,2024 © 2025 Mitsui O.S.K. Lines, Ltd. 10
Slide 11: FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss
3 FY2024 Full-year Forecast Analysis [By segment] in ordinary profit/loss (¥ billion) © 2025 Mitsui O.S.K. Lines, Ltd. 11
Slide 12: Key Points of FY2024 Full-year Forecast (I) [Consolidated]
4 Key Points of FY2024 Full-year Forecast (I) [Consolidated] [Overall] Business profit / Ordinary profit / Income before income taxes / Net income: Difference from the previous announcement on October 31st +¥51.0 billion/+¥45.0 billion /+¥50.0 billion/+¥50.0 billion Revised the previous forecast for
Slide 13: Key Points of FY2024 Full-year Forecast (II) [Consolidated]
4 Key Points of FY2024 Full-year Forecast (II) [Consolidated] Product Transport Business [ ¥290.0 billion (+¥46.0 billion) / (+¥164.4 billion)] Containerships [¥207.0 billion (+¥50.0 billion) / (+¥155.5 billion)] ➢ ONE: While the supply-demand balance is softening, the full-year forecast was revised
Slide 14: (Reference) Progress of BLUE ACTION 2035 Initiatives
5 (Reference) Progress of BLUE ACTION 2035 Initiatives Strategies / Materiality Actions ・ MOL Acquires Additional Shares of MODEC; Will Convert it into an Equity-method Affiliate(2024-8-20) ・ MOL Invests in HIF Global, a U.S.-based company of e-Fuels(2024-9-20) ・ New Cruise Ship MITSUI OCEAN FUJI De
Slide 15: (Reference) BLUE ACTION 2035 Core KPI
5 (Reference) BLUE ACTION 2035 Core KPI FY2023 Forecast FY2023 FY2023 FY2024 Forecast Forecast (Updated on 31st (Updated 31st Phase 1 Phase 2 Phase 3 KPI Results January 2025) January 2024) FY2025 FY2030 FY2035 Profit before tax (unit: JPY) 295.4 bil 430.0 bil 240 bil 340 bil 400 bil Financial KPI N
Slide 16: Dry Bulker Market (Spot Charter Rate) [Supplement #1]
Dry Bulker Market (Spot Charter Rate) [Supplement #1] 1. FY2023 (Result) (US$/day) FY2023 Size 1st Half 2nd Half Full-year Market for vessels operated by Apr-Sep, 2023 Oct, 2023 - Mar, 2024 Average MOL and MOL Drybulk Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 15,600 13,400 14,500 29,000 24,200 26,600
Slide 17: Tanker Market (Spot Earning) [Supplement #2]
Tanker Market (Spot Earning) [Supplement #2] １．FY2023 (Result) (US$/day) Vessel Type Trade FY2023 1st Half 2nd Half Full-year Market for vessels operated by MOL Jan-Jun, 2023 Jul-Dec, 2023 Average and its overseas subsidiaries Jan-Mar Apr-Jun Jul-Sep Oct-Dec Crude Oil Tanker Arabian Gulf - Far East
Slide 18: Containerized Freight Index (CCFI) [Supplement #3]
Containerized Freight Index (CCFI*) [Supplement #3] 1. FY2023 (Result) (Jan 1, 1998=1,000) FY2023 1st Half 2nd Half Full-year Trade Apr-Sep, 2023 Oct, 2023 - Mar, 2024 Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 707 733 720 725 978 851 786 U.S. East Coast 886 870 878 839 1,160 999 939 Eu
Slide 19: Car Carrier Shipping Volume [Supplement #4]
Car Carrier Shipping Volume [Supplement #4] 1. FY2023 (Result) (1,000 units) FY2023 1st Half 1st Half 2nd Half 2nd Half Total Q1 Q2 Q3 Q4 Total (Includes Intra-European trade) 814 815 1,628 813 757 1,570 3,199 2. FY2024 (Result & Forecast) (1,000 units) FY2024 1st Half 2nd Half Total 1Q 2Q Q3 Q4 Tot
Slide 20: Fleet Composition and Real Properties [Supplement #5]
Fleet Composition and Real Properties [Supplement #5] Number of ships 31-Mar, 2024 31-Dec, 2024 31-Mar, 2025 (Forecast) Capesize 78 78 75 Panamax 33 22 22 Small and medium-sized Supramax 50 48 47 Number of buildings and area owned by DAIBIRU Handysize 33 31 30 bulkers (Sub total) 116 101 99 Dry Bulk
Slide 21: Mitsui O.S.K. Lines
MitsuiO.S.K. Lines
Mitsui O.S.K. Lines — Q3 FY2024 Earnings Presentation on 6ix