Mitsui O.S.K. Lines Ltd (MSLOF) Q3 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.544 This is Mitsui OSK Lines Fiscal Year 2024, Third Quarter Business Performance 00:00:05.544 -- 00:00:07.128 Briefing. 00:00:07.128 -- 00:00:13.123 I am Kanzuya Hamazaki, Chief Financial Officer of Mitsui OSK Lines. 00:00:13.123 -- 00:00:16.113 Let me start with a general overview. 00:00:16.113 -- 00:00:19.317 In the third quarter of fiscal year 2024, 00:00:19.317 -- 00:00:23.039 we achieved ordinary profit of 374.8 00:00:23.241 -- 00:00:27.304 billion yen and net income of 368.1 00:00:27.446 -- 00:00:32.552 billion yen. The containership business and the energy business performed 00:00:32.552 -- 00:00:37.738 strongly and profits exceeded the previous forecasts and levels for the same period 00:00:37.738 -- 00:00:42.745 a year earlier. As a result, our balance sheet showed total assets 00:00:42.745 -- 00:00:45.068 exceeding 4,620 00:00:45.068 -- 00:00:49.555 billion yen and shareholders' equity exceeding 2,580 00:00:49.555 -- 00:00:54.963 billion yen. With a shareholders' equity ratio of 47%, 00:00:54.963 -- 00:01:00.051 including estimated lease obligations of 900 billion yen, our balance sheet 00:01:00.051 -- 00:01:02.755 shows a strong financial position. 00:01:02.755 -- 00:01:07.821 As for progress on the investment plan set out in Blue Action 2035, 00:01:07.821 -- 00:01:12.607 we invested in logistics infrastructure projects in the Southeast Asia, entered into 00:01:12.607 -- 00:01:17.874 a long-term time charter agreement for six LNG carriers for Qatar, and also signed 00:01:17.874 -- 00:01:23.180 a long-term charter agreement for three liquefied ethane carriers for Thailand, accumulating 00:01:23.180 -- 00:01:26.077 long-term stable profit. 00:01:26.077 -- 00:01:31.444 In our full-year outlook for fiscal year 2024, we forecast...