Mitsubishi Corp Ord (MSBHF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. I am Nakashin Ishii, President and CEO. Thank you very much for taking the time to attend Mitsubishi Corporation's Fiscal 25 Q2 earnings presentation. First, I will explain the highlights of our Fiscal 25 second quarter results and the main progress under Corporate Strategy 2027. Please refer to page 3 at the bottom right of the presentation materials. First, regarding our results, underlying operating cash flow for fiscal 25 Q2 was 446.3 billion yen, and consolidated net income was 355.8 billion. Both are progressing at around 50% toward our full-year forecast. While there are differences across segments, overall performance is largely in line with plan. Taking into account macroeconomic trends and the external environment, we are revising the forecast by each segment whilst we maintain our overall full-year forecast of 900 billion yen in underlying operating cash flow and 700 billion yen in consolidated net income set at the beginning of the fiscal year. Next, regarding progress under Corporate Strategy 2027, we have continued to advance initiatives under our value creation framework, enhance, reshape, and create, and have announced several new projects since the previous quarter. For example, in our copper business, As a reshape initiative, we reached a definitive agreement for a joint mine plan with the adjacent copper mines in Chile. Under CREATE, we agreed to acquire shares in a copper mining project in North America, with which we conducted a press release the other day. Through these initiatives, our equity copper production is expected to increase by 42,000 metric tons on average from around fiscal year 2030. In addition to these announced initiatives, under Enhance, we are steadily promoting efforts to strengthen the earning space across al...