Mitsui O.S.K. Lines Ltd (MSLOF) Q4 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.099 I am Takashi Hashimoto, President of Mitsui OSK Lines. 00:00:05.099 -- 00:00:09.105 I would like to give a summary at the beginning of this presentation. 00:00:09.105 -- 00:00:14.332 In our fiscal year 2024 financial results, we achieved a significant profit 00:00:14.332 -- 00:00:19.640 increase year-on-year, driven by strong performances in the container ship business, 00:00:19.640 -- 00:00:22.745 the car carrier business, and the energy business. 00:00:22.745 -- 00:00:27.168 Profit before tax reached 452.7 00:00:27.331 -- 00:00:32.737 billion yen. We had set 240 billion yen as our target 00:00:32.737 -- 00:00:38.024 for fiscal year 2025, the final fiscal year of phase 1 of our management 00:00:38.024 -- 00:00:40.827 plan, Blue Action 2035, 00:00:40.827 -- 00:00:43.771 and we far exceeded the target of this phase. 00:00:43.771 -- 00:00:48.917 As a result, our balance sheet has an appropriate capital structure, by effective 00:00:48.917 -- 00:00:54.403 use of financial leverages, with total assets exceeding ¥4.9 trillion, 00:00:54.403 -- 00:00:57.947 shareholders' equity exceeding ¥2.6 trillion, 00:00:57.947 -- 00:01:02.972 and a shareholders' equity ratio of 43%, including estimated lease 00:01:02.972 -- 00:01:05.555 liabilities of ¥900 00:01:05.555 -- 00:01:07.555 billion. 00:01:08.189 -- 00:01:13.339 As for progress on the investment plan, set out in Blue Action 2035, 00:01:13.339 -- 00:01:18.409 we surpassed our initial plan of investing 1.2 trillion yen in total 00:01:18.409 -- 00:01:23.498 by fiscal year 2025 and have clear outlook for 1.8 trillion 00:01:23.498 -- 00:01:29.046 yen investments in total. In fiscal year 2024, we made investments 00:01:29.046 -- 00:01:33.672 for the future and development of our fleets through th...