Mitsui & Co Ltd Ord (MITSF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. I am Kenny Chihori, President and CEO. Thank you for joining us today. Today, after reviewing Medium-Term Management Plan, MTMP 2026, I will explain Mitsui's vision under a new plan, MTMP 2029, shaping futures through trust and innovation toward 2030 and beyond, as well as the strategies we will pursue to realize that vision. For FY March 2026, those cooperating cash flow, COCF and profit exceeded our latest forecast. We plan to make the full-year dividend 115 yen per share. In addition, we have completed the share repurchases announced last November of up to 200 billion yen and have cancelled those shares. The three years of MTMP 2026 were a period in which companies were tested on their ability to balance their response to changes with sustainable growth amid significant volatility in the external environment. Even under such conditions, from FY March 2022 through FY March 2026, we achieved COCF in the 1 trillion yen level for five consecutive fiscal years, demonstrating our robust cash generation capability. While profit in the final year of the three-year period fell short of the MTMP target, both ROE and the shareholder returns payout ratio exceeded the targets. Over the three years of MTMP 2026, we pursued the enhancement of base profit by strengthening existing businesses, efficiency improvements and turnarounds, and through new businesses. As a result of steady execution across these initiatives, base profit increased by 172 billion yen as targeted, reinforcing the foundation that supports MIS's sustainable growth. Reflecting this enhancement of base profit, we plan our largest dividend increase in our history for FY March 2027. Over the three years of MTMP 2026, total cash inflows, which is a combination of COCF and asset recycling, amounted to...