Mitsui O.s.k.lines,ltd. · TSE:9104
Mitsui O.s.k.lines,ltd — Q1 2025 Earnings Presentation
21 slides from Mitsui O.s.k.lines,ltd's earnings presentation, Aug 1, 2025
Slide 1: Business Performance in FY2025-1st Quarter
2025/08/01 Business Performance in FY2025-1st Quarter Mitsui O.S.K. Lines, Ltd. © 2025 Mitsui O.S.K. Lines, Ltd. 1
Slide 2: Contents
1. FY2025-1st Quarter Results [Consolidated] P3-5 2. Outline of FY2025-1st Quarter Results [Consolidated] P6-7 3. FY2025 Full-year Forecast [Consolidated] P8-10 4. Key Points of FY2025 Forecast [Consolidated] P11-13 Contents 5. (Reference) Progress of BLUE ACTION 2035 P14-15 [Supplement #1-5] P16-20
Slide 3: FY2025-1st Quarter Results [Consolidated]
1 FY2025-1st Quarter Results [Consolidated] FY2025 FY2024 YoY (￥billion) Q1 Result Q1 Result (*4) Revenue 432.7 435.9 -3.2 Operating profit/loss 37.0 40.5 -3.4 Business profit/loss (*1) 50.9 94.8 -43.9 Ordinary profit/loss 52.2 108.5 -56.3 Income/loss before income taxes 61.6 114.7 -53.0 Net income/
Slide 4: FY2025-1st Quarter Results [By segment]
1 FY2025-1st Quarter Results [By segment] Upper Revenue (*1) Lower Ordinary profit/loss FY2025 FY2024 YoY (￥billion) Q1 Result Q1 Result (*3) Dry Bulk Business (*2) 107.1 120.9 -13.8 (including Steaming Coal Carriers) -3.4 7.5 -10.9 Energy Business (*2) 126.5 110.7 +15.7 Tankers, Wind Power, Offshor
Slide 5: FY2025-1st Quarter Results Analysis [By segment] in ordinary profit/loss
1 FY2025-1st Quarter Results Analysis [By segment] in ordinary profit/loss (¥ Billion) Total 110.0 108.5 7.7 Increase Decrease 100.0 -10.9 90.0 80.0 70.0 -35.1 -5.0 -0.0 -0.6 60.0 52.2 -12.1 0.0 FY2024 Q1 Dry Bulk Energy Product WBL Associated Others Adjustment FY2025 Q1 Result Transport Result © 20
Slide 6: Outline of FY2025-1st Quarter Results(I) [Consolidated]
2 Outline of FY2025-1st Quarter Results(I) [Consolidated] [Overall] 2 Business profit / Ordinary profit / Income before income taxes / Net income: -¥43.9 billion / -¥56.3 billion / -¥53.0 billion /-¥54.1 billion year-on-year. Major reasons for the change in profit: While the energy business and
Slide 7: Outline of FY2025-1st Quarter Results(II) [Consolidated]
2 Outline of FY2025-1st Quarter Results(II) [Consolidated] Liquefied2Gas Transport LNG / Ethane Carriers: In addition to stable earnings from long-term charter contracts, profit increased year-on-year as a result of the rescheduling of dry-docking for some vessels to the second half of the fisca
Slide 8: FY2025 Full-year Forecast [Consolidated]
3 FY2025 Full-year Forecast [Consolidated] *as of April 30, 2025 1st Half 2nd Half Full-year Previous Previous Previous Forecast Variance Forecast Variance Forecast Variance (￥billion) Q1 Result Q2 Forecast Forecast* Forecast* Forecast* Revenue 432.7 438.2 871.0 837.0 +34.0 860.0 863.0 -3.0 1,731.0
Slide 9: FY2025 Full-year Forecast [Consolidated]
3 FY2025 Full-year Forecast [Consolidated] Upper Revenue(*1) Lower Ordinary profit/loss *as of April 30, 2025 1st Half 2nd Half Full-year FY2024 Previous Previous Previous 1st Half 2nd Half Full-year (￥billion) Q1 Q2 Forecast Forecast * Variance Forecast Forecast * Variance Forecast Forecast * Varia
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 (¥ Billion) Total Increase Decrease 175 31.0 1.0 170.0 170 1.0 -3.0 0.0 165 160 155 150.0 150 145 -8.0 -2.0 0 FY2025 Full-year Dry Bulk Energy Product Transport WBL Associated Others Adjustment FY2025 Full-year Previous foreca
Slide 11: Key Points of FY2025 Forecast (I) [Consolidated]
4 Key Points of FY2025 Forecast (I) [Consolidated] [Overall] 4 Business profit / Ordinary profit / Income before income taxes /Net income: +¥8.0 billion / +¥20.0 billion/ +¥30.0 billion / +¥30.0 billion. Key points Although profits are expected to decline in the Dry Bulk, Energy, and Wellbeing &
Slide 12: Key Points of FY2025 Forecast (II) [Consolidated]
4 Key Points of FY2025 Forecast (II) [Consolidated] Product Transport Business [ ¥106.0 billion (+¥31.0 billion/-¥196.9billion)] 4 Containerships [ ¥42.0 billion (+¥6.0 billion/-¥175.6 billion)] ONE: While there are still risks of a decline in freight rates due to pressure from new vessel supply
Slide 13: Phase 1 (FY2023-2025) Shareholder Return Policy
4 Phase 1（FY2023-2025）Shareholder Return Policy The minimum dividend has been raised to 175 yen per share for FY2025 (planned). Policy in Phase 1 of BLUE ACTION 2035* Update of minimum dividend • Payout ratio: 30% from BA2035 • Minimum dividend: (Before)150 yen per share→(After)175 yen per share • P
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: BLUE ACTION 2035 Core KPI FY2025 Forecast
5 BLUE ACTION 2035 Core KPI FY2025 Forecast FY2024 FY2025 Forecast Phase 1 Phase 2 Phase 3 (Updated on 1st KPI Results August 2025) FY2025 FY2030 FY2035 Profit before tax (unit: JPY) 452.7 bil 230.0 bil 240.0 bil 340.0 bil 400.0 bil Financial KPI Net Gearing Ratio*1 0.96 1.20 0.9~1.0 ROE 16.9% 7.6%
Slide 16: Dry Bulker Market (Spot Charter Rate) [Supplement #1]
Dry Bulker Market (Spot Charter Rate) [Supplement #1] 1. FY2024 (Result) (US$/day) FY2024 Size 1st Half 2nd Half Full-year Market for vessels operated by Apr-Sep, 2024 Oct, 2024 - Mar, 2025 Average MOL and MOL Drybulk Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 22,700 24,900 23,800 17,800 12,900 15,400
Slide 17: Tanker Market (Spot Earning) [Supplement #2]
Tanker Market (Spot Earning) [Supplement #2] １．FY2024 (Result) (US$/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 18: 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 19: 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 20: Fleet Composition and Real Properties [Supplement #5]
Fleet Composition and Real Properties [Supplement #5] 31-Mar, 2026 Number of ships 31-Mar, 2025 30-Jun, 2025 (Forecast) Capesize 74 72 71 Panamax 18 23 19 Small and Supramax 48 47 52 Number of buildings and area owned by DAIBIRU medium-sized Handysize 30 32 33 bulkers (Sub total) 96 102 104 Dry Bulk
Slide 21: Mitsui O.S.K. Lines
MitsuiO.S.K. Lines