Mitsubishi Corp Ord (MSBHF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm Nauchi, the CFO. Thank you very much for taking the time out of your busy schedules to attend our fiscal 25 third quarter earnings briefing today. First, I'll walk you through an overview of our fiscal 25 third quarter results, as well as key updates under corporate strategy 2027. Please turn to page three of the earnings presentation. First, let me begin with our financial results. In fiscal 25 Q3, underlying operating cash flow was 763.3 billion yen and consolidated net income was 607.9 billion. Supported by improved market conditions, enhanced profitability and revenue growth across multiple businesses, performance remained stronger than we had initially anticipated. Regarding the full year forecast, we have reflected changes in the business environment since the second quarter earnings announcement, as well as updated second-level risk assessments. Accordingly, we have revised our forecast for underlying operating cash flow upward by 20 billion yen to 920 billion, while maintaining consolidated net income at 700 billion yen. Progress against the revised forecast are at high levels with 83% for underlying operating cash flow and 87% for consolidated net income. While there is a possibility that full year results may exceed the revised forecast, given the continued uncertainty in parts of the business environment toward fiscal year end, we will carefully monitor conditions across each business and work steadily toward realizing potential upside. Next, I will discuss progress under Corporate Strategy 2027. With respect to our value creation framework of Enhance, Reshape, and Create, we have announced several new initiatives since our previous earnings release. By way of example, in the CREAT initiative, as announced at our recent briefing, we decided to particip...