Mitsui & Co Ltd Ord (MITSF) Q1 2027 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.293 Good afternoon, I am Makoto Tanaka, CFO. Thank you for joining us today. 00:00:07.335 -- 00:00:12.178 Firstly, we would like to express our deepest condolences to those who lost their lives 00:00:12.178 -- 00:00:17.221 in the earthquake in Kumamoto, and extend our heartfelt sympathies to all those 00:00:17.221 -- 00:00:22.584 affected by this disaster. At this point, no material impact on the business activities 00:00:22.584 -- 00:00:27.787 of the Mitsui & Co Group has been confirmed, However, we will continue to closely monitor 00:00:27.787 -- 00:00:32.892 the situation and assess any damage. We will also consider appropriate support 00:00:32.892 -- 00:00:37.936 measures and responses going forward. I will begin by giving a summary of the 00:00:37.936 -- 00:00:40.178 operating results from the first three months. 00:00:40.178 -- 00:00:44.862 I will then hand over to Masao Gurihara, General Manager of the Global Controller Division, 00:00:44.862 -- 00:00:48.565 who will speak on the details of the operating results. 00:00:48.565 -- 00:00:50.565 Let 00:00:51.208 -- 00:00:54.671 me begin with a summary of our financial results for the quarter. 00:00:54.671 -- 00:00:59.676 Core operating cash flow increased by ¥64.6 billion year-on-year to ¥280.9 billion, 00:00:59.676 -- 00:01:03.578 while profit increased by ¥102.5 billion year-on-year 00:01:06.363 -- 00:01:11.069 To 294.1 billion yen, both posted substantial growth. 00:01:11.069 -- 00:01:16.296 Profit reached a record high for Q1. Both COCF and profit are progressing 00:01:16.296 -- 00:01:21.303 at a pace well ahead of our business plan, driven by asset recycling and our 00:01:21.303 -- 00:01:23.525 middle game initiatives. 00:01:23.525 -- 00:01:27.891 In light of our strong perform...