Mitsui & Co.,ltd · TSE:8031
Mitsui & Co.,ltd — Mitsui & Co Ltd Ord — Q1 2027 Earnings Presentation
41 slides from Mitsui & Co.,ltd's earnings presentation, Aug 4, 2026
Slide 1: FY March 2027 Q1 Financial Results
Pathway to 2030 and beyond Shaping Futures through Trust and Innovation FY March 2027 Q1 (April -June 2026) Financial Results This material contains statements (including figures) regarding Mitsui & Co., Ltd. ("Mitsui")'s corporate strategies, objectives, and views of future developments that are fo
Slide 2: Progress of Medium-term Management Plan 2029
Progress of Medium -term 1 Management Plan 2029 2 Operating Results 3 Supplementary Information
Slide 3: Progress of Medium-term Management Plan 2029
Progress of Medium -term 1 Management Plan 2029 2 Operating Results 3 Supplementary Information
Slide 4: Summary of Operating Results
Summary of Operating Results ◆ Q1 results significantly higher YoY. Profit hit record high for Q1 ◆ Both COCF and profit progressed well ahead of business plan ◆ Reflecting good progress and to improve capital efficiency and enhance shareholder returns, decided on 200 bn yen share repurchase (JPY) F
Slide 5: FY March 2027: Progress Against Business Plan
FY March 2027: Progress Against Business Plan ◆ Innovation & Corporate Development made extremely good progress, mainly from asset recycling gains ◆ Chemicals made good progress, mainly from trading and methanol, supported by middle game initiatives ◆ Full -fledged earnings contribution from Energy
Slide 6: MTMP2029 Capital Allocation (Update)
MTMP2029 Capital Allocation (Update) ◆ Shareholder returns as percentage of COCF target for MTMP2029 updated to over 50% ◆ Amount and use of Management Allocation will be decided in line with changes in business environment, while continuing engagement with stakeholders (bn JPY) Flexible 5,000 asset
Slide 7: Capital Allocation Forecast and Results
Capital Allocation Forecast and Results ◆ COCF made steady progress, ahead of business plan ◆ Based on this, amount and allocation of capital to be reviewed in Q2 MTMP2029 FY March 2027 (FY March 2027 -29) Q1 results (bn JPY) Announced May 2026 Announced Aug 2026 IN COCF 3,430 3,430 281 Asset recycl
Slide 8: Timing of Earnings Contribution from Investments for Growth
Timing of Earnings Contribution from Investments for Growth ◆ Investments for growth executed in MTMP2026 making steady progress in earnings contribution ◆ Initiatives to execute i nvestments for growth in MTMP2029 underway FY March 2030 and beyond (As of August 4 , 2026) FY March 2029 FY March 2028
Slide 9: Shareholder Returns Policy
Shareholder Returns Policy ◆ Shareholder returns as percentage of COCF target for MTMP2029 updated to over 50% ◆ Decided on 200 bn yen share repurchase. Plan to complete by end -Jan 2027, and cancel all shares after that Progressive Interim: 70 / Year -end: 70 / Full -year: 140 140 d ividend *3 DPS*
Slide 10: Operating Results
Progress of Medium -term 1 Management Plan 2029 2 Operating Results 3 Supplementary Information
Slide 11: FY March 2027 Q1 COCF (Results): YoY Segment Comparison
FY March 2027 Q1 COCF (Results): YoY Segment Comparison (bn JPY) FY March 2026 FY March 2027 Segment Change Main factors Q1 results Q1 results Mineral & Metal [－] Metallurgical coal costs, other factors Resources 71.9 69.0 -2.9 [＋] Iron ore and metallurgical coal prices Iron & Steel Products 6.3 4.4
Slide 12: FY March 2027 Q1 Profit (Results): YoY Segment Comparison
FY March 2027 Q1 Profit (Results): YoY Segment Comparison (bn JPY) FY March 2026 FY March 2027 Segment Change Main factors Q1 results Q1 results [＋] Copper, iron ore, and metallurgical coal prices, iron ore Mineral & Metal Resources 51.5 61.2 +9.7 volumes [－] Metallurgical coal costs Iron & Steel Pr
Slide 13: Factor Comparison: FY March 2027 Q1 Profit YoY
Factor Comparison: FY March 2027 Q1 Profit YoY +42 -17 (bn JPY) +31 +46 +1 Commodity prices Total +14.0 ■ Min. & Metal +14.0 ・Iron ore +4.0 Base profit ・Metallurgical coal +4.0 ・Copper, others +6.0 Resources ■ Energy 0 Valuation By business costs/volume Asset gains/losses and 191.6 ＜Positive factors
Slide 14: Balance Sheet as of end-June 2026
Balance Sheet as of end -June 20 26 (tr JPY) End -March 2026 End -June 2026 Main balances and changes Other Other Current liabilities Current liabilities Changes from assets assets End -June 2026 end -March 2026 6.0 5.5 (Tr JPY) 7.1 6.7 Interest -bearing debt *3 5.3 ＋0.2 Net interest -bearing debt *
Slide 15: Supplementary Information
Progress of Medium -term 1 Management Plan 2029 2 Operating Results 3 Supplementary Information
Slide 16: Supplementary Information
3 Supplementary Information 1 Asset Recycling, Valuation Gains/Losses and 8 YoY Profit Change (by Segment and Factor ) One -Time Factors by Segment 9 Consolidated Statements of Income & Financial 2 Assumptions and Sensitivities Position 3 Mineral & Metal Resources - Equity Share of Production 10 Qua
Slide 17: Asset Recycling, Valuation Gains/Losses and One-time Factors by Segment
1. Asset Recycling, Valuation Gains/Losses and One -time Factors by Segment (bn JPY) FY March 2027 Q1 results FY March 2027 business plan Segment Incl. asset recycling, Incl. valuation Incl. asset valuation Profit recycling gains/losses and Profit gains/losses and one -time factors one -time factors
Slide 18: Assumptions and Sensitivities
2. Assumptions and Sensitivities Impact of price fluctuations on profit for the year FY March 2027 FY March 2027 FY March 2026 (announced May 2026) attributable to owners of the parent for FY March 2027 assumption Q1 results results Crude oil/JCC - bn JPY (1USD/ bbl ) 84 *1 102 71 Gross: 1.3 Consoli
Slide 19: Mineral & Metal Resources – Equity Share of Production
3 . Mineral & Metal Resources – Equity Share of Production Iron ore 原料炭coal Metallurgical 銅 Copper (Million tons) *1 *2 *5 65.3 (Million tons) *3 *5 (Kilotons ) * 1 * 2 * 5 63.8 63.0 63.1 145 5.8 6.2 114 5.1 5.0 91 93 Equity Share of Production ( as of May 2026) 2026 2027 2028 2029 *4 2026 2027 2028
Slide 20: Mineral & Metal Resources: Main Businesses – Producing Assets
4. Mineral & Metal Resources : Main Businesses – Producing Assets FY March 2026 Product Name *1 Location Main partners Equity equity share of Revenue Accounting ratio *3 production recognition period Consolidated Robe River Australia Rio Tinto 33.0% 20.8 million tons (partially accounted for by Mar
Slide 21: Energy: Natural Gas, LNG, and Crude Oil
5. Energy: Natural Gas, LNG, and Crude Oil Equity Share of Production and Reserves Production *1 *2 *as of May 2026 Reserves *1 *3 *as of Oct 2025 (KBoE *4/day) (100 mn barrels) ■ Natural gas, LNG ■Crude oil ■ Natural gas, LNG ■Crude oil 241 247 13.3 13.6 228 12.5 12.2 211 206 213 10.9 11.9 167 192
Slide 22: Energy: Main Businesses – Producing Assets
6. Energy: Main Businesses – Producing Assets Production Equity share Mitsui’s Business Shareholders and interest Mitsui’s of revenue Accounting Project name Location owners equity ratio period capacity production recognition 6.0 million ADNOC Gas (70%), BP (10%), 0.9 million Dividend ADNOC LNG UAE
Slide 23: Energy: Main Businesses – Producing Assets
6. Energy: Main Businesses – Producing Assets Mitsui participating Business Production Shareholder composition entity and Revenue Accounting Project name Location (most recent data) / interest holders recognition period equity ratio Occidental (50%) Block 9 *1 Oman Not disclosed OQ (45%) MEPME (5%)
Slide 24: Power Generation Portfolio
7. Power Generation Portfolio Generation capacity Energy source By region (Mitsui’s share) (Target: Renewable energy ratio over 30% by 2030) Renewable energy Gas Coal Oil Net 11.0GW Asia, Australia End -March 2022 (Gross 40 GW) 15% 63% 19% 3% 21% Europe, Africa, 41% Middle East Americas 38% End -Mar
Slide 25: YoY Profit Change (by Segment and Factor)
8. YoY Profit Change (by Segment and Factor) FY Base profit Commodity Asset Valuation gains/losses FY March March Change Resources prices, forex *1 recycling *2 and one -time factors *2 (bn JPY ) 2026 Q1 By business costs/volume 2027 Q1 Mineral & -4.9 -1.0 +15.0 +1.0 -0.4 Metal Costs ▲30 Cost ore ・I
Slide 26: YoY Profit Change (by Segment and Factor)
8. YoY Profit Change (by Segment and Factor) FY Base profit Commodity Asset Valuation gains/losses FY March March Change Resources prices, forex *1 recycling *2 and one -time factors *2 (bn JPY ) 2026 Q1 By business costs/volume 2027 Q1 Energy +14.3 +2.0 +2.0 0 -4.1 Positve factors Costs +1.0 Commod
Slide 27: YoY Profit Change (by Segment and Factor)
8. YoY Profit Change (by Segment and Factor) FY Base profit Commodity Asset Valuation gains/losses FY March *1 *2 *2 March Change Resources prices, forex recycling and one -time factors (bn JPY ) 2026 Q1 By business costs/volume 2027 Q1 Chemicals +13.0 - - +1.4 -18.7 Positive factors Absence from Ab
Slide 28: YoY Profit Change (by Segment and Factor)
8. YoY Profit Change (by Segment and Factor) FY Base profit Commodity Asset Valuation gains/losses FY March *1 *2 *2 March Change Resources prices, forex recycling and one -time factors (bn JPY ) 2026 Q1 By business costs/volume 2027 Q1 Innovation & +10.5 - - +44.2 +0.2 Corporate Positive factors Ab
Slide 29: Consolidated Statements of Income & Financial Position
9. Consolidated Statements of Income & Financial Position Consolidated Statements of Income Net DER / Adjusted Net DER (bn JPY) FY 3/26 Q1 FY 3/27 Q1 Change end -Mar 26 end -Jun 26 Gross profit 301.4 413.7 +112.3 Interest -bearing debt SG&A -202.2 -235.2 -33.0 Short -term debt 166.2 286.6 Gain (loss
Slide 30: Quarterly COCF and Profit by Segment
10. Quarterly COCF and Profit by Segment COCF *2 Profit* 2 (bn JPY) Q1 Q2 Q3 Q4 Total Q1 Q2 Q3 Q4 Total FY March 2026 71.9 90.3 82.6 85.6 330.4 51.5 62.8 85.4 53.9 253.6 Mineral & Metal Resources FY March 2027 69.0 271.0 340.0 61.2 188.8 250.0 FY March 2026 6.3 0.2 11.2 0.2 17.9 6.5 4.8 5.2 2.4 18.9
Slide 31: Investment Cash Flow by Segment
11. Investment Cash Flow by Segment FY March 2026 (bn JPY) FY March 2027 Q1 full -year Cash Cash Cash Cash Main factors Main factors inflows outflows inflows outflows Mineral & Metal 1.1 - -42.0 ・Iron ore operations in Australia -35.9 4.1 -832.0 Resources Iron & Steel Products 6.0 -14.0 0 - -5.0 - ・
Slide 32: Profit & Loss Attributable to Mitsui from Major Investees
12. Profit & Loss Attributable to Mitsui from Major Investees (bn JPY) Share of FY March FY March FY March Entity Fiscal 6 2026 *6 2026 *6 Name Principal lines of business profit category *5 year -end 2027 * Change (％) Q1 Q1 full -year Iron ore mining operations in Australia*1 Investment in iron ore
Slide 33: Profit & Loss Attributable to Mitsui from Major Investees
12. Profit & Loss Attributable to Mitsui from Major Investees (bn JPY) Share of FY March FY March FY March Entity Fiscal 6 2026 *6 2026 *6 Name Principal lines of business profit category *5 year -end 2027 * Change (％) Q1 Q1 full -year GLOBAL LNG Dividends from LNG projects*2 LNG projects (Sakhalin
Slide 34: Profit & Loss Attributable to Mitsui from Major Investees
12. Profit & Loss Attributable to Mitsui from Major Investees (bn JPY) Share of FY March FY March FY March Entity Fiscal 6 2026 *6 2026 *6 Name Principal lines of business profit category *5 year -end 2027 * Change (％) Q1 Q1 full -year Digital & Infrastructure Solutions Business development and mana
Slide 35: Profit & Loss Attributable to Mitsui from Major Investees
12. Profit & Loss Attributable to Mitsui from Major Investees (bn JPY) Share of FY March FY March FY March Entity Fiscal 6 2026 *6 2026 *6 Name Principal lines of business profit category *5 year -end 2027 * Change (％) Q1 Q1 full -year Basic Materials MMTX Fairway Methanol business in the US 100.0 S
Slide 36: Profit & Loss Attributable to Mitsui from Major Investees
12. Profit & Loss Attributable to Mitsui from Major Investees (bn JPY) Share of FY March FY March FY March Entity Fiscal 6 2026 *6 2026 *6 Name Principal lines of business profit category *5 year -end 2027 * Change (％) Q1 Q1 full -year Food Minh Phu Seafood Shrimp processing, export and sales 35.0 E
Slide 37: Profit & Loss Attributable to Mitsui from Major Investees
1 2 . Profit & Loss Attributable to Mitsui from Major Investees (bn JPY) Share of FY March FY March FY March Entity Fiscal 6 2026 *6 2026 *6 Name Principal lines of business profit category *5 year -end 2027 * Change (％) Q1 Q1 full -year IT & Communication MITSUI KNOWLEDGE INDUSTRY Comprehensive ICT
Slide 38: Operating Segment Information (FY March 2027 Q1)
1 3 . Operating Segment Information (FY March 2027 Q1 ) FY March 2027 Q1 (from April 1, 2026 to June 30, 2026) (bn JPY) Mineral & Iron & Steel Mobility, Item Metal Products Integrated Energy Digital & Digital & Basic Performance Nutrition ＆ Chemicals Resources Global LNG Energy Infrastructure Mobili
Slide 39: Operating Segment Information (FY March 2026 Q1)
1 3 . Operating Segment Information (FY March 2026 Q1 ) FY March 2026 Q1 (from April 1, 2025 to June 30, 2025) (bn JPY) Mineral & Iron & Steel Mobility, Item Metal Products Integrated Energy Digital & Digital & Basic Performance Nutrition ＆ Chemicals Resources Global LNG Energy Infrastructure Mobili
Slide 40: Investor Day 2026
IR Event Investor Day 2026 Date: December 3, 2026 (Thursday ) PM, JST
Slide 41: 360° business innovation.
360° business innovation. MITSUIECO.