Mitsui O.s.k.lines,ltd. · TSE:9104
Mitsui O.s.k.lines,ltd — Q1 2026 Earnings Presentation
21 slides from Mitsui O.s.k.lines,ltd's earnings presentation, Aug 8, 2026
Slide 1: Business Performance in FY2026 1st Quarter
2026/08/07 Business Performance in FY2026-15t Quarter Mitsui O.S.K. Lines, Ltd, M@L MitniOSK. HOF Mitsuios.K.Lines ©
Slide 2: Contents
1. FY2026-1st Quarter Results [Consolidated] P.3-5 2. FY2026 Full-year Forecast [Consolidated] P.6-8 Contents 3. FY2026 Shareholder Return Policy P.9 Supplementary Reference Materials P.10-20 Note 1: Fiscal Year = from April 1 to March 31 Q1 = April to June Q2 = July to September Q3 = October to Dec
Slide 3: FY2026 1st Quarter Results [Consolidated]
1 FY2026-1st Quarter Results [Consolidated] FY2026 FY2025 YoY (￥billion) Q1 Result (*3) Q1 Result Revenue 730.9 432.7 +298.2 Operating profit/loss 38.5 37.0 +1.4 Ordinary profit/loss 52.1 52.2 - 0.0 Income/loss before 68.0 61.6 +6.4 income taxes Net income/loss 61.0 52.8 +8.2 Exchange rate (*1) ¥159
Slide 4: FY2026 1st Quarter Results [By segment]
1 FY2026-1st Quarter Results [By segment] Upper Revenue (*1) Lower Ordinary profit/loss FY2026 FY2025 YoY (￥billion) Q1 Result (*2) Q1 Result Dry Bulk Carriers 177.1 107.1 +70.0 Dry Bulk Business (including Steaming Coal Carriers) 10.7 -3.4 +14.1 Crude Oil Tankers, LPG/Ammonia 115.2 61.3 +53.9 Energ
Slide 5: FY2026 1st Quarter Results Analysis [By segment] in ordinary profit/loss
1 FY2026-1st Quarter Results Analysis [By segment] in ordinary profit/loss [overall / Summary] (¢ billion) Wii total Ml increase Ml Decrease Capesize and crude oil tanker markets remained firm, Profits declined in containerships 700 and car carriers, mainly due to higher bunker costs and weaker mark
Slide 6: FY2026 Full-year Forecast [Consolidated]
2 FY2026 Full-year Forecast [Consolidated] Navigation around the Strait of Hormuz will gradually resume from Assumption October 2026 and be normalized in January 2027. *as of April 30, 2026 1st Half 2nd Half Full-year Previous Previous Previous 1Q Result 2Q Forecast Forecast Variance Forecast Varian
Slide 7: FY2026 Full-year Forecast [Consolidated]
2 FY2026 Full-year Forecast [Consolidated] Upper Revenue(*1) Lower Ordinary profit/loss *as of April 30, 2026 FY2025 1st Half 2nd Half Full-year 1Q 2Q Previous Previous Previous (￥billion) 1Q 2Q 1st Half 2nd Half Full-year Forecast Variance Forecast Variance Forecast Variance (￥billion) Result (*2)
Slide 8: FY2026 Full-year Forecast Analysis [By segment] in ordinary profit/loss
2 FY2026 Full-year Forecast Analysis [By segment] in ordinary profit/loss [Overall/Summary] Market rates for capesize bulkers, crude oil tankers, LPG carriers, chemical tankers, containerships remained firm. As a result, the forecast was revised upward from the previous forecast. (Exchange rate: Rev
Slide 9: FY2026 Shareholder Return Policy
3 FY2026 Shareholder Return Policy Progressive dividends were introduced based on the growth of stable earnings. Excess profits from market upside will be returned through flexible share buybacks, with the size and timing determined based on earnings progress and a total payout ratio guideline of ar
Slide 10: (Reference) FY2026 Full-year Forecast for Profit Before Tax
(Reference) FY2026 Full-year Forecast for Profit Before Tax FY2026 FY2025 (￥ billion) Forecast (￥ billion) Result Dry Bulk Carriers Dry Bulk Carriers Dry Bulk Business (including Steaming Coal Carriers) 27.0 Dry Bulk Business (including Steaming Coal Carriers) 12.2 Crude Oil Tankers, LPG/Ammonia Car
Slide 11: (Reference) FY2026 Full-year Forecast for Core Operating Cash Flow
(Reference) FY2026 Full-year Forecast for Core Operating Cash Flow *As of April 30,2026 IM Market Driven Business Il Stable Revenue Business Fy2026 5 Core Operating CF Previous . e TB dybrid Business Others ‘ion Core Crue CF Forecast* Variance (¥ billion) iio ‘orecas 427.5 420.0 Market Driven Busine
Slide 12: (Reference) Core KPI (Phase 2)
(Reference) Core KPI (Phase 2) Phase 1 FY2026 Forecast Phase 2 Phase 3 Targets & Key KPls FY2025 Results FY2030 FY2035 Profit Before Tax 239.0b1 420.0 bin yen 500.0 bin yen (at the time BA2035 was established) . nyen 280.0 bin yen (340.0 bin yen) (400.0 bin yen) Financial KPI | Net Gearing Ratio“? 1
Slide 13: (Reference) Progress of BLUE ACTION 2035 Initiatives
(Reference) Progress of BLUE ACTION 2035 Initiatives Strategies / Materiality Actions (Press Release) ・2026-4-17_MOL Signs 1st Long-Term LNG Carrier Charter Contract with INPEX (Portfolio) ・2026-6-4 MOL to Invest in the First Offshore LNG Liquefaction Facility in the United States (Portfolio/Region)
Slide 14: (Reference) FY2026 Q1 Track Record — Vessel Deliveries
(Reference) FY2026 Q1 Track Record — Vessel Deliveries lf Results for vessels delivered in FY2026 Q1 including chartered vessels and JV-owned vessels) — Total: 12 vessels + + Vessels picture i Dry Bulk Business i Chemical Logistics Business Wessels pictured Multi-purpose vessel: LEMONA (May) Chemica
Slide 15: (Reference) FY2026 Q1 Track Record — Launch of Logistics and Real Property Projects
(Reference) FY2026 Q1 Track Record — Launch of Logistics and Real Property Projects Mi Wellbeing & Lifestyle Business 7 Spencer LOGI FLAG TECH Nagoya Minato | Office building in downtown Melbourne, Australia Non-fluorocarbon automated frozen warehouse in Nagoya Completion Month: April Completion Mon
Slide 16: Dry Bulker Market (Spot Charter Rate) [Supplement #1]
Dry Bulker Market (Spot Charter Rate) [Supplement #1] 1. FY2025 (Result) (US$/day) FY2025 Size 1st Half 2nd Half Full-year Market for vessels operated by MOL and Apr-Sep, 2025 Oct, 2025 - Mar, 2026 Average MOL Drybulk Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 18,600 24,800 21,700 29,300 23,400 26,400
Slide 17: Tanker Market (Spot Earning) [Supplement #2]
Tanker Market (Spot Earning) [Supplement #2] 1. FY2025 (Result) (US$/day) Vessel Type Trade FY2025 1st Half 2nd Half Full-year Market for vessels operated by MOL and its Apr-Sep, 2025 Oct, 2025-Mar, 2026 Average overseas subsidiaries Apr-Jun Jul-Sep Oct-Dec Jan-Mar Crude Oil Tanker Arabian Gulf - Fa
Slide 18: Containerized Freight Index (CCFI) [Supplement #3]
Containerized Freight Index (CCFI*) [Supplement #3] 1. FY2025 (Result) (Jan 1, 1998=1,000) FY2025 Trade 1st Half 2nd Half Full-year Apr-Sep, 2025 Oct, 2025 - Mar, 2026 Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 941 861 901 797 834 815 858 U.S. East Coast 1,076 1,055 1,066 902 934 918 99
Slide 19: Car Carrier Loading Volume [Supplement #4]
Car Carrier Loading Volume [Supplement #4] 1. FY2025 (Result) (1,000 units) FY2025 1st Half 2nd Half Total Q1 Q2 Q3 Q4 Total (Includes Intra-European trade) 719 713 1,432 732 711 1,442 2,874 2. FY2026 (Result & Forecast) (1,000 units) FY2026 1st Half Total 2nd Half 1Q 2Q Total (Includes Intra-Europe
Slide 20: Fleet Composition and Real Properties [Supplement #5]
Fleet Composition and Real Properties [Supplement #5] 31-Mar, 2027 Number of ships 31-Mar, 2026 30-Jun, 2026 (Forecast) Capesize 73 76 79 Panamax 18 21 17 Small and Supramax 48 51 46 medium-sized Handysize 29 28 37 bulkers (Sub total) 95 100 100 Number of buildings and area owned by DAIBIRU Wood chi
Slide 21: Mitsui O.S.K. Lines
MitsuiO.S.K. Lines