Mitsubishi Corp Ord (MSBHF) Q1 2027 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.777 -- 00:00:06.242 Thank you very much for joining our first quarter financial results briefing for FY26. 00:00:06.242 -- 00:00:09.383 Despite your very busy schedule, 00:00:13.930 -- 00:00:18.692 I will begin by explaining the highlights of the results. 00:00:20.095 -- 00:00:25.440 Please turn to page 3 of the earnings presentation material as indicated 00:00:25.440 -- 00:00:27.921 at the bottom right. 00:00:29.133 -- 00:00:34.276 Turning first to our financial results, underlying operating cash flow for the first 00:00:34.276 -- 00:00:39.038 quarter of FY2026 was 341.2 bn, while consolidated net income was 298.5 bn. 00:00:46.571 -- 00:00:51.874 Both achieved 27% progress rate against our full-year guidance, marking 00:00:51.874 -- 00:00:57.438 a solid start in excess of the normal Q1 progress rate as we steadily accumulated 00:00:57.438 -- 00:01:03.241 adjusted consolidated net income even though significant profit contributions are expected 00:01:03.241 -- 00:01:06.262 from Q2 onward. 00:01:10.746 -- 00:01:15.573 At this point, we are maintaining our full-year forecasts. 00:01:15.573 -- 00:01:20.997 However, as the FX and certain commodity prices remained more favorable 00:01:20.997 -- 00:01:23.498 than our initial assumptions, 00:01:23.498 -- 00:01:28.702 we will carefully assess the potential for an upward revision to our guidance 00:01:28.702 -- 00:01:30.902 in Q2. 00:01:33.325 -- 00:01:38.207 Tuning next to Progress on Corporate Strategy 2027 00:01:40.065 -- 00:01:45.188 Our plan for profit growth of 400 billion yen through the Enhance, Reshape and Create 00:01:45.188 -- 00:01:50.030 initiatives continues to make steady progress. 00:01:56.936 -- 00:02:01.959 Our cash flow allocation plan is also broadly on track in light of 00:02:01.959 -- 00:...