Mitsui O.S.K. Lines Ltd (MSLOF) Q2 2024 Earnings Call

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WEBVTT 00:00:01.533 -- 00:00:05.504 This is Mitsui OSK Lines Fiscal Year 2024, 00:00:05.504 -- 00:00:08.773 Second Quarter Business Performance Briefing. 00:00:08.773 -- 00:00:13.787 I am Takashi Hashimoto, President of Mitsui OSK Lines. 00:00:13.787 -- 00:00:16.535 Let me start with a general overview. 00:00:16.535 -- 00:00:19.720 In the first half of fiscal year 2024, 00:00:19.720 -- 00:00:23.403 we achieved ordinary profit of 249.0 00:00:23.727 -- 00:00:27.791 billion yen and net income of 246.6 00:00:28.075 -- 00:00:33.785 billion yen. The containerships business and the energy business performed strongly, 00:00:33.785 -- 00:00:38.453 and our results exceeded the previous forecasts and results of the same period, a year 00:00:38.453 -- 00:00:43.640 earlier. As a result, our balance sheet showed total assets exceeding 00:00:43.640 -- 00:00:45.640 4,470.0 00:00:46.343 -- 00:00:51.127 billion yen and shareholders' equity exceeding 2,660.0 00:00:51.630 -- 00:00:57.357 billion yen. With a shareholders' equity ratio of 49%, including 00:00:57.357 -- 00:01:00.761 estimated lease obligations of 900.0 00:01:00.761 -- 00:01:04.966 billion, our balance sheet shows a strong financial position. 00:01:04.966 -- 00:01:10.213 As for progress on the investment plan, set out in MOL Group Management Plan Blue 00:01:10.213 -- 00:01:12.296 Action 2035. 00:01:12.296 -- 00:01:17.604 We ordered an FSRU for Singapore LNG, which will be the second FSRU business 00:01:17.604 -- 00:01:22.671 we have made investment decision this fiscal year, following the FSRU for Poland, 00:01:22.671 -- 00:01:27.867 announced in the first quarter. and invested in HIF Global, which develops and 00:01:27.867 -- 00:01:33.388 operates projects to develop, produce, and transport green hydrogen, synthetic 00:01:...