Mitsubishi Corp Ord (MSBHF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I am Naka Nishi, the President's CEO. Thank you very much for attending our FY2025 earnings briefing today, despite your busy schedules. First, I would like to go over the highlights of our financial results. Please refer in terms of the financial results. The underlying operating cash flow was 1.0481 trillion yen, and consolidated net income was 800.5 billion yen. Through our initiatives to enhance and reshape across each business, we have steadily accumulated profits, coupled with the impact of a market upswing toward the end of the fiscal year. Those figures significantly exceeded our full-year forecasts. Moving on to the FY2026 forecast, as explained recently, Driven by the growth of our normalized profit, including the start of earnings contribution from our U.S. shale gas business, as well as sizable asset and business recycling-related gains, we forecast an underlying operating cash flow of 1.25 trillion yen and a consolidated net income of 1.1 trillion yen. Given the increasing predictability of our higher profit levels, we will maintain our progressive dividend policy and increase the dividend by 15 yen compared to FY2025, bringing it to 125 yen per share. Next, regarding the progress of our corporate strategy, FY2027, against our total profit growth plan of 400 billion yen or higher, driven by initiatives to enhance, reshape, and create, we consider our progress to be generally well on track. For our enhance and reshape initiatives of 300 billion yen or more, please refer to the slide. As for initiatives to create, that is, 100 billion yen or more in the U.S. shale gas business, we anticipate a profit increase of 60 billion yen predicated on a 25% stake sale to the founding family to enhance operational stability. We are also exploring a gas value chain con...