Mitsui O.s.k.lines,ltd. · TSE:9104
Mitsui O.s.k.lines,ltd — Q2 2021 Earnings Presentation
19 slides from Mitsui O.s.k.lines,ltd's earnings presentation, Oct 29, 2021
Slide 1: Financial Highlights: The Second Quarter Ended September 30, 2021
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 Financial Highlights: The Second Quarter Ended September 30, 2021 1. Consolidated Financial Highlights ( from April 1, 2021 to September 30, 2021 ) (All financial information has been prepared in accordance wit
Slide 2: Forecast for the Fiscal Year Ending March 31, 2022
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 3. Forecast for the Fiscal Year Ending March 31, 2022 (¥Million) FY2021 Revenues 1,220,000 Operating profit 45,000 Ordinary profit 480,000 Profit attributable to owners of parent 480,000 (¥) Net income per shar
Slide 3: Business Performance
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 4．Business Performance (1) Analysis of Operating Results (¥ Billion) Six months Year-on-year From April 1, 2020 to From April 1, 2021 to comparison / Variance September 30, 2020 September 30, 2021 Revenue 484.6
Slide 4: Business segment review: Dry Bulk and other businesses
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (A) Dry Bulk Business In the Capesize bulker market, while there was a firm flow of iron ore shipments from Australia and Brazil with minimal weather disruptions, vessel supply was tight amid border control mea
Slide 5: Business segment review (continued): Others
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 actual operations. The tugboat business posted a year-on-year increase in profit, reflecting the recovery in the number of vessels requiring tugboat services entering/leaving port. (E) Others Other businesses,
Slide 6: Outlook for FY2021
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (2) Outlook for FY2021 (¥ Billion) Previous outlook Current outlook Year-on-year (As of announcement of (As of announcement of comparison / Q1 financial results) Q2 financial results) Variance Revenue 1,100.0 1
Slide 7: Outlook: Associated Businesses
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (D) Associated Businesses The impact of the COVID-19 pandemic on the real estate business is likely to be limited. For the cruise ship business and the travel business, business conditions are expected to recov
Slide 8: Financial Position
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 5. Financial Position Total assets as of September 30, 2021 increased by ¥ 320.2 billion compared to the balance as of the end of the previous fiscal year, to ¥ 2,415.8 billion. This was primarily due to the in
Slide 9: Consolidated Financial Statements: Balance Sheets
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 6. Consolidated Financial Statements (All financial information has been prepared in accordance with accounting principles generally accepted in Japan) (1) Consolidated Balance Sheets (¥Million) As of March 31,
Slide 10: Consolidated Balance Sheets (liabilities and net assets)
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (¥Million) As of March 31, 2021 As of September 30, 2021 Liabilities Current liabilities Trade payables 73,019 81,760 Short-term bonds 17,800 13,700 Short-term bank loans 166,879 252,632 Commercial papers 40,00
Slide 11: Consolidated Statements of Income
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (2) Consolidated Statements of Income (¥Million) FY2020 FY2021 (Apr.1,2020 – Sep. 30, 2020) (Apr.1,2021 – Sep. 30, 2021) Shipping and other revenues 484,686 597,087 Shipping and other expenses 446,904 532,668 G
Slide 12: Consolidated Statements of Comprehensive Income
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (3) Consolidated Statements of Comprehensive Income (¥Million) FY2020 FY2021 (Apr.1,2020 - Sep.30, 2020) (Apr.1,2021- Sep.30, 2021) Net income 32,532 278,075 Other comprehensive income Unrealized holding gains
Slide 13: Consolidated Statements of Cash Flows
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (4) Consolidated Statements of Cash flows (¥Million) FY2020 FY2021 (Apr.1, 2020-Sep.30, 2020) (Apr.1, 2021-Sep.30, 2021) Cash flows from operating activities Income before income taxes and non-controlling 36,57
Slide 14: Consolidated Statements of Cash Flows (financing activities)
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (¥Million) FY2020 FY2021 (Apr.1, 2020-Sep.30, 2020) (Apr.1, 2021-Sep.30, 2021) Cash flows from financing activities Net increase (decrease) in short-term bank loans 28,797 (10,610) Net increase (decrease) in co
Slide 15: Notes: Changes in Accounting Standards
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 [NOTE] (Changes in Accounting Standards) (Adoption of Accounting Standard for Revenue Recognition) The Company has adopted “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020.),
Slide 16: Segment Information
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 (5) Segment Information Business segment information: (￥Million) Reportable Segment Product Transport Business Adjust- Consoli- Q2 / FY2020 Car Carries, Others Energy and Total ment dated (Apr.1 - Sep.30, 2020)
Slide 17: Supplement: Review of Quarterly Results
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 [ Supplement ] 1. Review of Quarterly Results <FY2021> Q1 Q2 Q3 Q4 Apr-Jun, 2021 Jul-Sep, 2021 Oct-Dec, 2021 Jan-Mar, 2022 Revenues [￥ Millions] 288,874 308,213 Operating profit (loss) 8,042 12,350 Ordinary pro
Slide 18: Depreciation, Interest-bearing Debt, Fleet Capacity
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 2. Depreciation and Amortization (￥ Millions) Six months ended Six months ended Increase / Decrease FY2020 Sep.30, 2020 Sep.30, 2021 Vessels 31,718 31,133 (584) 61,305 Others 11,101 11,662 561 24,493 Total 42,8
Slide 19: Market Information
(Unaudited translation of ‘Kessan Tanshin’, provided for reference only) October 29, 2021 7．Market Information (1) Dry Bulker Market (Baltic Dry Index) (Index: January 1985 = 1,000) Source : Clarkson Research Monthly Average Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Average 2020 701 461 601 66