Creating Sustainable Futures
FY March 202& (April 2025-March 202&) Financial Results
MITS UI 6‹ CO.
, This material contains statements (including figures) regarding Mitsui & Co., Ltd. ("Mitsui") s corporate strategies," objectives, and views of future developments that are forward-looking in nature and are not simply reiterations of
! historical facts. You should be aware that a number of known or unknown risks, uncertainties and other factors
, could lead to outcomes that differ materially from those presented in such forward-looking statements. These
May 1, 2026
Mitsui & Co., Ltd. (Securities Code: 8031)
' risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's
, latest Annual Securities Report and Semi-annual Securities Report, and Mitsui undertakes no obligation to publicly
, update or revise any forward-looking statements. These statements are presented to inform stakeholders of the
: views of Mitsui's management but should not be relied on solely in making investment and other decisions. Mitsui
, cannot be held liable for any damages arising as a result of use of this material.
Medium-term Management Plan 2O2& Results
Details of FY March 2026 Operating Results and FY March 2027 Business Plan
Supplementary Information
Medium-term Management Plan 2O2& Results
FY March 2026 Results
MiTSUi&CO
Both COCF*1 and profit exceeded forecast
COCF reached 1 trillion yen level for fifth consecutive fiscal year
COCF*1
Profit*2 ROE
1,027.5 bn 978.9 bn -48.6 bn
900.3 bn 834.0 bn -66.3 bn
11.9% .2 %
950 bn
820 bn
Dividend per share Share repurchases
100yen
400 bn
115 yen
200 bn
115 yen
200 bn
"1 Core Operating Cash Flow: Cash flow from operating activities (952.9 bn yen) minus cash flow from changes in working capital (-135.2 bn yen) minus outflows for repayment of lease liability (109.2 bn yen). Figures are for FY March 2026.
'2 In this presentation material, profit is in reference to profit aftribt/fab/e to owners of the parent
Cash Flow Allocation (Results)
Investments for growth and asset recycling steadily executed in line with the MTMP*1
Investments for growth for FY March 2026 exceeded 1 tr yen, historical high for single fiscal year
MiTSUi&CO
(bn JPY)
COCF
2,930
3,002
979
Asse† recycling 1,500 Cash | 1,481 | 343 | ■■■■ Real estate in Japan ■■■■ Shares of 18 listed companies | ■■■■ XINGU farm land*^ ■■■■ Retail fixed assets in Japan |
infIows"2 CaSh 'Inf! S 4,430 | 4,483 | 1,322 | ||
Sustaining 690 | 700 | 25 3 | ■■■■ Iron ore and metallurgical coal | ■■■■ Oil and gas |
Investments 2,540 | ■■■■ Rhodes Ridge | ■■■■ ITC Antwerp | ||
for growth | 2,412 | 1, 127 ■■■■ LNG ■■ ■■ Blue Point ■■■■ Oil and gas ■■■■ Real estate in US | ||
0 | t | ■■■■ MyPower | ||
Cash | h 720 | 720 | 200 | |
OU1"f'OWS"2 | Dividends 880 | 879 | 330 | |
Cash outflows | 4,711 | 1,910 | ||
■■■■ MyPower
■■■■ Real estate in US
total
CAPEX
repurchases
total
■■■■ Mineral & Metal Resources ■■■■ Iron & Steel Products
"1 Medium-term Management Plan
■■■■ Energy
■■■■ Lifestyle
"2 Excludes changes in time deposits
■■■■ Machinery & Infrastructure ■■■■ Innovation & Corporate
■■■■ Chemicals Development
*3 Announced in November 2025
*4 Accrued in FY March 2025
•
%
%
%
%
■
■
◆
●
Details of FY March 2026 Operating Results and FY March 2027 Business Plan
Lower mainly due to swing back of large LNG dividends in previous period (accrued in FY March 2024)
(bn JPY)
Segment
Fv
March 2025
results
FY March 2026
resuI†s
Change
Main factors
Mineral & Metal Resources
Energy
Machinery & Infrastructure
Chemicals
Iron & Steel Products
Lifestyle*
Innovation & Corporate Development
Others, Adjustment & Eliminations*
357.9
330.4
-27.5
[-] Iron ore and metallurgical coal prices, dividends from equity method investees
[-] Absence of large LNG dividends
+ US gas prices
[+] Dividends from equity method investees, absence of
†axes due to asset sales
[+] Gain on reversal of provisions related to business outside Japan
[+] Dividends from equity method investees, trading
[-] Coffee trading, intersegment transaction with Others,
Adjustment & Eliminations
[+] Commodity derivative trading
[+] Intersegment transaction with Lifestyle segment
363.4
262.0
-101.4
145.2
184.1
+38.9
90.6
102.6
+12.0
6.0
17.9
+11.9
18.1
7.8
-10.3
27.0
46.4
+19.4
19.3
27.7
+8.4
Total 1,027.5 978.9 -48.6
"Including the impact of interest income and expenses between consolidated subsidiaries across segments in FY March 2026 (Lifestyle: -10.9 bn yen, Others, Adjustments & Eliminations: +10.9 bn yen)
(bn JPY)
Segment
Fv March 2025 resuI†s
FY March 2026 results
Change
Main factors
Mineral & Metal Resources
285.4
253.6
-31.8
[]- Iron ore and metallurgical coal (prices), copper (costs, volumes)
[]+ Copper prices
[]- LNG volumes, crude oil prices
[+] US gas prices, absence of impairments
[-] Absence of asset sales
[+] FVTPL from Firefly IPO
[-] Absence of asset sales, FVTPL
[+] Valuation gain on ITC Antwerp, absence of impairment
[+] Trading
- Absence of asset sales
+ Protein, FVTPL
- Absence of asset sales, JA Mitsui Leasing [+] Asset sales, commodity derivative trading
[+] Absence of amendment to the retirement benefit system
Energy
173.5
164.2
-9.3
Machinery & Infrastructure
232.9
225.9
-7.0
Chemicals
75.9
67.5
-8.4
Iron & Steel Products
13.2
18.9
+5.7
Lifestyle
53.7
52.0
-1.7
Innovation &
Corporate
Development
87.3
59.0
-28.3
Others, Adjustment & Eliminations
-21.6
-7.1
+14.5
Total
900.3
834.0
-66.3
(bn JPY)
_
' '
+30
+32
-34
-13
81
-
_
" e - - . e
<Positive factors>
Commodity
Costs .}$.
Min. & Meral -form
Absence from previous FY
-147.0
Absence from previous FY
+59.0
Total -6.0
Min. & Meral -10.0
・Iron ore -11.0
・Metallurgical coal -8.0
・Copper, others +9.0
Crude oil & gas +4.0
derivativetrading
・Iron ore -1.0
Current FY
+66.0
Current FY -29.0
Protein +6.2
Vale dividends +5.6
・Metallurgical coal +1.0
・Copper,others -10.0
・Real estate in
Japan
JANlitsui Leasing -41.7
.22.1
・Mainstream -28.1
IPP +5.6
Energy -5.0
Total -7.0
・Retail outside
+5.5
・ITCAntwerp +9.2
Iron & Steel Products
'3 Volume
-19.0
・JPY vs. FC
-3.0
Japan
・Retail fixed a°Se'° •5.4
・R-Pharm +7.0
・Chemicals +6.0
Construction
and industrial +3.8
latin. & Pleral -},
・Iron ore +5•0
・FC V . RC -d.0
latin. & literal -9.0
in Japan
・Renewable energy .3.9
・Automotives +5.8
machinery
Chemicals
+3.2
・N!etallurgical coal +2.0
・Copper, others -8.0
JPY . FC -2.0
・FC .›. RC -7.0
related
・Automotive parts
<Negative factors>
LNG related
Energy -18.0
Energy
+4.0
・Gas field in Australia
FY March 2025
results
Tankers
FVTPL
・Swing back
from previous FY
-5.7
+ld.0
-20.0
・JPYvs. FC
・FC vs. RC
Orher
JPY vs. FC
・FC vs. RC
+1.0
+3.0
-2.0
0
FY March 2026
resuI†s
・Current FY total +34.0
"FC=functionaI currency, RC=revenue currencies
+
+
+
•
•
+
{bn JPY) | |||||
Segment | Fv March 2026 resuI†s | FY March 2027 business plan | Change | Main YoY factors | |
Mineral & Metal Resources Iron & Steel Products Energy* Mobility, Dig ital & Infrastructure* Chemicals Wellness Ecosystem* Innovation & Corporate Development Others, Adjustment & Eliminations | 330.4 | 340 | +9.6 | + - | Metallurgical coal prices, dividends from equity method investees Iron ore (volume and costs) Dividends from equi†y method investees Asset sales, U5 gas prices, gas volumes Dividends from equi†y method investees Equity method investee becoming consolidated subsidiary Absence of gain on reversal of provision related †o business outside Japan Absence of intersegment transaction with Others, Adjustment & Eliminations, coffee trading Commodity derivative trading Absence of intersegment transaction with Lifestyle, expenses, interest, †axes, etc., not allocated to segments |
17.9 | 15 | -2.9 | [-] | ||
270.4 | 330 | +59.6 | [+] | ||
175.7 | 200 | +24.3 | [+] | ||
102.6 | 110 | +7.4 | + []- | ||
7.8 | 35 | +27.2 | [+] | ||
46.4 | 40 | -6.4 | [-] | ||
27.7 | -20 | -47.7 | [-] | ||
Total 978.9 1,050 +71.1
(bn JPY)
Segment | Fv | March 2026 resuI†s | FY March 2027 business plan | Change | Main YoY factors | |
Mineral & Metal Resources Iron & Steel Products Energy* Mobility, Dig ital & Infrastructure* ChemicalsWellness Ecosystem* Innovation & Corporate Development Others, Adjustment & Eliminations | 253.6 | 250 | -3.6 | [-] [+] [+] [+] [-] [+] [-] [+] [-] [+] []- [+] | Iron ore (volume and costs) Copper and metallurgical coal prices Asset sales, US gas business Asset sales, absence of impairments Absence of FVTPL from Firefly IPO Valuation gains, asset sales Absence of valuation gain on ITC Antwerp Coffee trading Absence of valuation gain Absence of JA Mitsui Leasing one-time loss Absence of asset sales, commodity derivative trading Expenses, interest, taxes, etc., not allocated to segments | |
18.9 | 20 | +1.1 | ||||
157.8 | 200 | +42.2 | ||||
232.3 | 240 | +7.7 | ||||
67.5 | 75 | +7.5 | ||||
52.0 | 55 | +3.0 | ||||
59.0 | 70 | +11.0 | ||||
-7.1 | 10 | +17.1 | ||||
Total 834.0 920 +86.0
(bn JPY)
+23
-17 +23 +3
+54
Total +43.0
Min. & Meral +26.0
・Iron ore 0
・Metallurgical coal +13.0
・Copper, others +13.0
Energy +17.0
<Positive factors>
Chemicals
latin. & literal -7.0 Total
.$ .
Absence from previous FY
-66.0
Absence from previous FY
+29.0
Mobility, Digital & Infrastructure
Coffee trading
・Iron ore -10.0
・Metallurgical coal +4.0
・Copper, others -1.0
JPY s. FC
・FC vs. RC
-13.o
-7.0
Current FY
・Oil and gas assets
FI
+69.0
Current FY
・Multiple projects
+25.0
Protein
Energy +1.0
Min. & Meral -5.0 ・EQ ""*
・JPY vs. FC 0 "
<Negative factors>
LNG related
Commodity derivative trading
Volume -11.0
latin. & Pleral -13.0
・Iron ore -13.0
・N!etallurgical coal +1.0
・FC S. RC
Energy
JPY vs. FC
・FC vs. RC
-5.0
-*0.0
-8.0
-2.0
FY March 2026 results
FVTPL
・Swing back
from previous FY
・Current FY
-s.0
-3›
+29.0
・Copper, others -1.0
Energy +2.0
Orher
・JPY vs. FC
・FC vs. RC
-5.0
-5.0
0
FY March 2027
business plan
"FC=functionaI currency, RC=revenue currencies
Supplementary Information
Supplementary Information
Asset Recycling, Valuation Gains/Losses and One-Time Factors by Segment
MiTSUi&CO
8 YoY Profit Change (by Segment and Factor)
Assumptions and Sensitivities 9
Mineral & Metal Resources - Equity Share of Production 10
Consolidated Statements of Income & Financial Position
Segment Data
4
Mineral & Metal Resources: Main Businesses
Producing Assets
5
Energy: Natural Gas, LNG, and Crude Oil
Equity Share of Production and Reserves
Energy: Main Businesses - Producing Assets
Power Generation Portfolio
Col vriqht @ MITSUI & CO., LTD. ALL RIGHTS RESERVED.
Profit & Loss Attributable to Mitsui from Major
Investees
Operating Segment Information
Revision of Operating Segments
17
Asset Recycling, Valuation Gains/Losses and One-Time Factors by Segment
18.9
1.7
0.9
20
232.3
15.5
4.8
240
31
52.0
17.3
2.8
55
-7.1
-2.6
-1.8
10
834.0
65.6
-29.3
920
94
Iron & Steel Products
Mobility, Digital &
Infrastructure*
Wellness Ecosystem*
Others/
Adjustments and Eliminations
Total
Note: Total may not match the sum of the segments due to rounding differences
* Reflects reclassifications and renaming following organizational restructuring, see P.45 for details. The Digital & Infrastructure Solutions and
Mobility segments announced on January 15, 2026 have been integrated into the Mobility, Digital & Infrastructure segment.
MiTSUi&CO
(bn JPY)
Assumptions and Sensitivities
MiTSUi&CO
FY March 2026
result
Commodity
Crude oil/JCC
Consolidated oil price*2
US gas*4
Gross: 1.3
Net*3: 0.9
Gross: 1.6
Net*3: 1.2
bn JPY (1USD/bbl) bn JPY (1USD/bbl)
bn JPY (0.1USD/mmB†u)
84"
80
3.50
71
78
3.63'5
Iron ore*6 3.0 bn JPY (1USD/ton) *12
Metallurgical coal 0.3 bn JPY (1USD/ton) *12
*7 100'8
*7 201*
Copper*10 | 0.5 | bn JPY (100USD/ton) *12 | 12,000 | 9,939*11 | |
Forex*13 USD | 4.6 | bn JPY (per 1 yen change) | 150.00 | 151.09 | |
AUD | 1.8 | bn JPY (per 1 yen change) | 100.00 | 100.39 | |
*1
*2
*3
*4
'5
*6
'7
'8
*9
*10
Set based on a Brent price assumption of USD 78/bbI.
As the crude oil price affects our consolidated results with a time lag, the effect of crude oil prices on consolidated results is estimated as the consolidated oil price, which reflects this lag. For FY March 2027, we have assumed that there is a 4-6 month time lag for approx. 55%, a 1-3 month time lag for approx. 40%, and no time lag for approx. 5%. The above sensitivities show the annual impact of changes in the consolidated oil price.
Actual sensitivity (includes the effects of hedging).
As Mitsui has very limited exposure to US natural gas sold at Henry Hub (HH), the above sensitivities show the annual impact of changes in the weighted average sale price.
The US gas figure for the year ended March 2026 (result) is the Henry Hub Natural Gas Futures average daily (reference price) prompt month closing price traded on NYMEX during January to December
2025.
The effect of dividend income from Vale has not been included.
Iron ore and metallurgical coal price assumptions are not disclosed.
The iron ore figure for the year ended March 2026 (result) is the daily average (reference price) spot indicated price (Fe 61% CFR China) recorded in an industry trade magazine from April 2025 to March
2026. In the case for Fe 62%, the result was USD103/ton.
The metallurgical coal figure for the year ended March 2026 (result) is the quarterly average (reference price) of spot indicated price (Premium HCC FOB Australia) recorded in an industry trade
magazine from April 2025 to March 2026.
The copper price affects our consolidated results with a 3-month time lag. The above sensitivities show the annual impact of a 100 USD/ton change in the average of the LME monthly average cash settlement prices for the period from March to December 2026.
The copper figure for the year end March 2026 (result) is the average of the LME monthly average cash settlement prices for the period from January to December 2025.
The impact on profit for iron ore, metallurgical coal, and copper, does not include the impact of hedging.
The above sensitivities show the impact of currency fluctuations on reported profit of overseas affiliated companies denominated in their respective functional currencies and the impact of dividends received from major foreign investees. Depreciation of the yen has the effect of increasing profit through the conversion of profit (denominated in functional currencies) into yen. In the overseas affiliated companies where sales contracts are in USD, the impact of currency fluctuations between USD and the functional currency of AUD, and the impact of currency hedging, are not included.
2025 2026 2027 2028 2029'•
■
■
2025 2026 2027 2028 2029'•
(Kilotons)""'"'
145
110
114
ii
93
2025 2026 2027 2028 2029'•
Results Results Est. Est. Est.
29.0
20.2 23.3 23.4 24.3
Equity Share of Production
(as of May 2026)
Production
Vale, copper reported with a 3-month time lag
Includes Vale production (the ratio of Mitsui's equity share), among others
Does not include production volume of thermal coal
*4 Fiscal years ending in March
*5 Due to rounding differences, totals of Production may not match the Equify Share of
Production figures
Iron ore
Robe River
Mt. Newman / Yandi / Mt. Goldsworthy / Jimblebar
Vale
Australia 20.8 million †ons Australia 20.6 million †ons
Brazil 22.5 million †ons*2
Rio Tinto BHP
Vale
Consolidated
33.0% (partially accounted for Mar by equity method)
Consolidated
7.0% (partially accounted for Mar by dividend)
6.71% Dividend income Dec
Metallurgical Coal
Kestrel
Moranbah North /
Australia 0.9 million †ons
EMR / Adaro
20.0% Consolidated
Mar
Grosvenor/ Capcoal / Australia 4.1 million †ons Dawson
Anglo American Various Consolidated
Mar
CopperCollahuasi Chile 48.5 †housand tons*2
Anglo American Sur Chile 19.7†housand tons"2
Anglo American Glencore
Anglo American Codelco
12.0% Equity method
9.5% Equity method
Dec
Dec
NickelTaganito
Philippines 4.1 †housand †ons"2
Aluminum ingot: 100.8
Sumitomo Metal ».0% Dividend income Dec
Mining
Equity Method
AluminumAlbras / Alunorte
Brazil
†housand †ons*2
Alumina: 204.7†housand
†ons*2
Norsk Hydro
Various (partially dividend Dec
income)
*1 Includes JV names, company names, and project names *2 Jan-Dec 2025 results *3 As of end-March 2026
Energy: Natural Gas, LNG, and Crude Oil
Equi†y Share of Produc†ion and Reserves
MiTSUi&CO
Natural gas, LNG ■ Crude oil
*as of May 2026
(KBoE*°/day)
Natural gas, LNG ■ Crude oil
*as of Oct 2025
(100m barrels)
205 211
228 241 247
13.3
12.5
13.6
12.2
2025 2026 2027 2028 2029 *s
2022
2023
2024
2025 "s
Results Results Est. Est. Est.
Results
Results
Results Results
"1 Oil equivalent: Mitsui's equity share of interests of consolidated
subsidiaries, equity method investees, and general investments
*2 Mitsui's share of sales is applied to certain projects
*3 According to Mitsui's assessment standards
*4 Thousand barrels of oil equivalent
*5 Fiscal years ending in March
ADNOC LNG UAE
QatarEnergy LNG N(3) Qatar
6.0 million
†ons/year
7.8 million
†ons/year
ADNOC Gas (70%), BP (10%),
TotalEnergies (5%)
CtatarEnergy (68.5%)
ConocoPhillips (30%)
Mitsui (15%)
Mitsui (1.5%)
Dividend income
Dividend income
Dec Dec
LNG
Oman LNG
Sakhalin II
North West Shelf
Tangguh
Oman
Russia
Australia
Indonesia
7.6 million
†ons/year
9.6 million
†ons/year
14.3 million
†ons/year
11.4 million
Oman government (51%)
5heII (30%), others
Gazprom (77.5%)
Mitsubishi Corp (10%)
Woodside (33.3%)
MIMI, Shell, BP, Chevron
(16.7% each)
BP (40.2%)
MI Berau [Mitsubishi Corp/INPEX]
(16.3%)
CNOOC (13.9%)
Mitsui (2.77%)
MITSEL (12.5%) MIMI
[Mitsui/Mitsubishi Corp=50:50]
Mitsui holds 3.16% equi†y of
whole project
Dividend income
Dividend income
Equity method
Equity
Dec
Dec
Dec
†ons/year
ENEOS Xplora Berau
[ENEOS/JOGMEC] (12.2%)
KG Berau (8.6%)
LNG Japan (7.4%)
KG Wiriagar (1.4%)
†hrough
KG Berau and KG Wiriagar
method / Dec
consolidated
Cameron
12.0 million
US
†ons/year
Sempra (50.2%)
TotalEnergies, [Mitsubishi Corp
/NYK] (16.6% each)
Mitsui (16.6%)
Equity method
Dec
Block 9"1
Block 27"1 Block 3&4"1
Oman Not disclosed
Oman Not disclosed
Oman Not disclosed
Occidental (50%)
OQ (45%)
Occidental (65%)
CCED (50%)
Tethys (30%)
MEPME (5%) Consolidated Dec MEPME (35%) Consolidated Dec MEPME (20%) Consolidated Dec
Tempa Rossa
Greater Enfield
Haly
Australia
Not disclosed
Crude oil:
10.4 thousand BD*2
TotalEnergies (50%)
Shell (25%)
Woodside (60%)
MEPIT (25%) Consolidated Dec
MEPAU (40%) Consolidated Dec
E&P Kipper Waitsia Meridian Eagle Ford
Australia Not disclosed
Australia Gas/condensate:
26.1†housand BD
Australia Gas: 7.9 thousand BD
US
Gas/condensate/ NGL: 84 thousand BD
ExxonMobil (32.5%)
Woodside (32.5%)
Beach Energy (50%)
WestSide (51%)
Crescent Energy (62.5%)
Marcellus | US | Gas: 3,655 MMCF/D*3 | Equinor (40.7%) | MEPUSA (11%) | Consolidated | Dec |
South Texas Vaquero | US | Gas: 154 MMCF/D | Granite Ridge Holdings (8%) | MEPSTX (92%) | Consolidated | Dec |
Tatonka | US | Gas: 10 MMCF/D | Sabana (22.2%) others | MEPUSA (75%) | Consolidated | Dec |
KNOC (25%)
Expand Energy (32.5%) others
MEPAU (35%) Consolidated Dec MEPAU (50%) Consolidated Dec MEPAU (49%) Consolidated Dec MEPTX (12.5%) Consolidated Dec
*1 Decision to sell made *2 barrel per day *3 million standard cubic feet per day
bn JPY
"1 Breakdown of Resources-related/Commodity Prices/Forex Resources/Prices/FX) is shown in the footnotes on P.26.
"2 Foreign exchange lyen vs FC) that does not belong to segments other than Mineral & Metal Resources and Energy is included in Others.
"3 The symbols (+/-) listed in the two Previous period columns under Asset recycling and Valuation gains/losses and one-time factors are the reverse of the actual incurred amounts.
bn JPY
*1 Breakdown of Resources-related/Commodity Prices/Forex Resources/Prices/FX) is shown in the footnotes on P. 26.
*2 Foreign exchange lyen vs FC) that does not belong to segments other than Mineral & Metal Resources and Energy is included in Others.
*3 The symbols (+/-) listed in the two Previous period columns under Asset recycling and Valuation gains/losses and one-time factors are the reverse of the actual incurred amounts.
bn JPY
"1 Breakdown of Resources-related/Commodity Prices/Forex Resources/Prices/FX) is shown in the footnotes on P 26.
"2 Foreign exchange lyen vs FC) that does not belong to segments other than Mineral & Metal Resources and Energy is included in Others.
"3 The symbols (+/-) listed in the two Previous period columns under Asset recycling and Valuation gains/losses and one-time factors are the reverse of the actual incurred amounts.
-
Consolidated Statements of Income & Financial Position
Consolidated Statements of Income Net D/E ratio and Adjusted Net D/E ratio
Gain (loss) on securities and other investments-net Impairment reversal lloss) of fixed assets-net
Gain flos.st on clisposal cr .sales nf fixecl as.sets-net Other income (expense)-net
Dividend income*'
Interest income lexpense)"*
Profit (loss) of equity method investments Income taxes
35.3 116.3 -81.0
-5.8 -35.8 +30.0
.5?.7 .OR.0 4 .^.
56.0 31.7 +24.3
178.7 184.3 -5.6
-103.8 -114.0 +10.2
447.4 494.1 -46.7
-222.7 -213.7 -9.0
Tntal r1eht
(-) Lease debt
Tntere6t-hearing rleht
1 Min 1
Net debt-to-equity ratio (net D/E ratio)
(-) Cash and cash equivalents, time deposits Total equity attributable to owners of parent
Adjusted net D/E ratio (times)"°
5,707.7
-584.8
r 1 77 9
-983.98,767.7
0.444,P41.3
-531.4
4 309 9
-979.8
7,546.6
0.40Interest income Interest ex ense
86.5
-190.3
92.0
-206.0
+15.7
Average of Interest-Bearing Debt
Average of interest-bearing debt The end of the current period
The end of the previous fiscal year
5,122.9
4,309.9
4,305.4
4,309.9
4,300.8
Parent
Overseas trading affiliates
2.0
Domestic subs.
6.9
6.5
Overseas subs.
12
*3 Dividends from LNG projects are shown on P. 38
"4 Adjusted net D/E ratio: Adjusted by deeming 50% of subordinated syndicated loans (420.0 bn yen) as capital
Segment Data (Mineral & Metal Resources)
MiTSUi&CO
Profit*1
285.4
253.6
-31.8
Gross profit
263.9
249.1
-14.8
[ -
Iron ore and metallurgical coal prices
SG&A
-37.0
-45.2
-8.2
Gain (loss) on securities
Gain (loss) on fixed assets
0.3
-0.6
-0.9
Other income (expense)
"2'3
*8"2 -10"
Dividend income
Interest income (expense)
63:9
6.5
70t2
1.2
+6:3
-5.3
[+
Vale dividends
82.0
73.7
-8.3
[ - Copper business ion Chile (lower volumes, higher costs), iron ore business in Australia (prices)
-85.6
-76.8
+8.8
2,986.7
4,313.2
+1,326.5
Profit (loss) of equity method investments
Income taxes Total assets
IN 0.8 Not applicable
Iron ore operations in Australia
IN 4.1
Not applicable
Q1
88.2
71.9
80.5
51.5
Q2
103.9
90.3
81.0
62.8
Q3
92.7
82.6
67.7
85.4
Q4
73.1
85.6
56.2
53.9
・"Iron ore"operatio"ns in"AusiraIia
(Rhodes Ridge interest) -723.8
OUT -141.5
(sustaining existing projects) -61.4
Metallurgical coal operations in Australia ouT -832.0 (sustaining existing projects) -22.4
MTC -20.8
Iron ore operations in Australia (sustaining existing projects) -66.3
Metallurgical coal operations in Australia sus ainin exis in ro ec s) 21 1
Total 357.9 330.4 285.4 253.6
proIn t pre en a on ater a n re erence to p o a utare o o e eo e p nt
+
Profit*'
Gross profit
173.5
190.0
164.2
202.5
-9.3
+12.5
[+
[ -
US gas pri:ces
LNG volumes, crude oi| prices
SG&A
-71.0
-77.5
-6.5
Gain (loss) on securities
0.3
8.5
+8.2
Gain (loss) on fixed assets
-14.6
-2.4
+12.2
[+
Sale of power generation assets
Other income (expense)
30.4
8.0
-22.4
[ - ]
LNG related
Dividend income
85.7
69.6
-16.1
[ - ]
LNG dividends
Interest income (expense)
-56.2
-52.9
+3.3
investments
57.1
44.0
-13.1
Income taxes
-46.2
-35.1
+11.1
[ -
Absence of lower tax expenses in business outside Japan
Total assets
3,425.1
4,181.4
+756.3
Profit (loss) of"equ"ity"method
IN 93.1
Not applicable
IN
66.7
Not applicable
Q1
52.7
45.7
19.2
18.9
.
Q2
131.8
55.1
46.1
84.0
Q3
93.3
114.7
58.6
35.6
OUT -215.7
existing projects, other factors) -92.7
・LNG
OUT
-273.9
existing projects, other factors) -127.1
Q4
85.6
46.5
49.6
25.7
・Tatonka -23.0
other factors)
Total
363.4
262.0
173.5
164.2
Oil and gas projects (sustaining
Oil and gas projects (sustaining
・LNG (Mitsui E&P Mozambique -44.5,
COCF
145.2
184.1
+38.9
[+]
Dividends from equity method investees, absence of taxes due to asset sales
Profit**
232.9
225.9
-7.0
Gross profit
200.1
209.5
+9.4
SG&A
Gain (loss) on securities Gain (loss) on fixed assets Other income (expense) Dividend income
Interest income (expense)
Profit(loss) oi equ"ity method
investments
Q1
24.4
36.1
126.0
50.7
Q2
49.4
59.5
22.2
51.3
Q3
41.7
40.5
37.8
60.1
Q4
29.7
48.0
46.9
63.8
Total
145.2
184.1
232.9
225.9
Income taxes Total assets
-181.0 -171.7
+9.3 [+
Absence of provision for a subsea oil field equipment
74.6
11.6
-63.0
+
Absence of sales of Paiton and VLI
FVTPL from Firefly Aerospace IPO, automotives
-4.0
1.5
+5.5
5.0
7.5
+2.5
16.7
18.5
+1.8
-43.4
-37.3
+6.1
225.6
239.8
+14.2
[+
Various items
-59.6
-46.7
+12.9
3,735.9
4,427.3
+691.4
installation support vessel business
IN 221.2
Sale of Paiton +110.0
Partial sale of VLI +52.6
Acquisition of Taylor & Martin -36.3
IN 57.0
Not applicable
OUT -98.3
Acquisition of Okamoto Machine Tool OUT -57.4
Works -9.8
Not applicable
COCF
90.6
102.6
+12.0
[+
Gain from reversal of provision for business outside Japan
Profit**
75.9
67.5
-8.4
Gross profit
256.4
251.7
-4.7
[ -
Absence of FVTPL related gains
SG&A
-158.9
-168.5
-9.6
Gain (loss) on securities
22.1
0.1
-22.0
[ -
Absence of sale of B Food Science
Gain (loss) on fixed assets
-14.6
-0.1
+14.5
[+
Absence of fixed asset impairment loss related to business outside Japan
recorded by a business division
Other income (expense)
-5.8
7.3
+13.1
[+
Gain from reversal of provision for business outside Japan
Dividend income
3.3
4.1
+0.8
Interest income (expense)
-33.9
-30.6
+3.3
F'rofit (loss) ot equity method
23.1
21.7
-1.4
Income taxes
-14.3
-12.0
+2.3
[+
Gain on reversal of deferred tax liability
Total assets
2,062.5
2,241.8
+179.3
investments
FY 3/25
full-year
Main factors
FY 3/26
full-near
Main factors
IN 39.7
B Food Science
Eu Yan Sang -24.0
IN 31.2 Not applicable
Acquisition of additional shares in ITC
Q2
17.3
22.5
3.9
12.6
Q3
27.7
19.5
18.2
12.0
Q4
20.4
27.9
35.6
12.0
Total
90.6
102.6
75.9
67.5
Antwerp -29.8
Q1 25.2 32.7
18.2 30.9
OUT -78.5
ITC (increase of tanks, maintenance) oUT -92.1
Increase of capital in Kansai Helios
ITC (increase of tanks, maintenance) -18.1
Blue Point low-carbon ammonia project
-12.6 (Total incl. Energy segment -25.2)
COCF
6.0
17.9
+11.9
[+
Dividends from equity method investees, trading
Profit*'
13.2
18.9
+5.7
Gross profit
47.8
52.5
+4.7
SG&A
-36.0
-40.7
-4.7
Gain (loss) on securities
2.2
0.5
-1.7
Gain (loss) on fixed assets
0.1
-0.0
-0.1
Other income (expense)
-4.8
0.3
+5.1
Dividend income
3.6
3.3
-0.3
Interest income (expense)
-15.5
-12.7
+2.8
21.2
19.4
-1.8
-5.0
-3.1
+1.9
777.3
862.4
+85.1
P"roiit"(loss) oi"equ"ity method
investments
Income taxes Total assets
IN 11.3
OUT -5.6
Not applicable
Not applicable
IN 6.0
OUT -14.0
Not applicable
Q1
2.0
6.3
6.0
6.5
Q2
-0.5
0.2
1.3
4.8
Q3
2.9
11.2
1.6
5.2
Q4
1.6
0.2
4.3
2.4
Not applicable
Total 6.0 17.9 13.2 18.9
Financials
Information re
"Profit & Loss Attributable to Mitsui from Ma or Investees" is on P. 38-42 bn JPY
FY 3/26
Profit*2
Gross profit
53.7 52.0
1.7
+
b
Mitsui & Co. Sup I "Chai"n"SoIutions("reclassification, becomi"ng consolidated);
192.4 218.4
+26.0
coffee mad"
HOLDINGS
a consolidated subsidiar
MITSUI & ct. LoFFEE TRADING
SG&A
-201.9
-223.3
-21.4
[-l
Mitsui & Co. Suoply Chain Solutions (reclassification, becoming consolidated), BIGI HOLDINGS becoming a consolidated subsidiary
Gain (loss) on securities
6
Xingu Agri (absence of gain of forex translation adjustments)
Gain (loss) on fixed assets
0:
El
6
,
,+
Retail management in Japan
Other income (expense)
26.6
'3
-8.5
[-l
Coffee trading
Dividend income
t1
+1.0
Interest income (expense)
-27.1
-27.9
-0.8
Profit (loss) oi equity method 59.4
67.3
+7.9
[+
Industrial Pesquera Santa Priscila (gain on reversal of deferred tax liability, market prices)
Income taxes -5.6
-14.6
-9.0
Total assets 3,013.7
3,091.1
+77.4
.
investments
Investment CF Quarterly Trends
FY 3/25
full-year
Main factors
FY 3/26
full-near
Main factors
Q1 Q2
7.0
7.4
-1.0
-4.0
14.0
6.0
14.8
6.0
Q3
14.4
15.0
12.3
12.3
OUT -104.7 ・ Mitsui & Co. Supply Chain Solutions -29.0 OUT
-37.9
Notapplicable
o4
-10.7
-2.2
21.4
18.9
Development segment)
Total
18.1
7.8
53.7
52.0
Xingu farm land +17.6 ・Xingu farm land +13.8*3
Alvotech +10.3
Sneha
IN 76.3
Recruit Holdings +16.0
IN 45.0
・Retail fixed assets in Japan +13.6
(total incl. Innovation & Corporate
"1 Includes the impact of interest income and expenses between consolidated subsidiaries across segments in FY March 2026 (Lifestyle: -10.9 bn yen, Others, Adjustments & Eliminations:
+10.9 bn yen) "2 In this presentation material, profit is in reference to profit aftribofab/e to owners of the parent "3 Accrued in FY March 2025
COCF
Profit*'
27.0
87.3
46.4
59.0
+19.4 [+
-28.3
CommOdity derivative trading
Gross profit | 134.4 | 139.7 | +5.3 |
SG&A | -98.5 | -112.3 | -13.8 |
Gain (loss) on securities | 5.3 | 10.3 | +5.0 |
Gain (loss) on fixed assets | 62.8 | 42.5 | -20.3 |
Other income (expense) | |||
Dividend income | |||
Interest income (expense) | |||
[+"] "FVTPL
[ - Commodity derivative trading
[ - Absence of gains on asset sales [+I Sale of real estate in Japan
+
Profit (loss) of equity method
25.I -19.2 -44.3
[ - ] JA Mitsui Leasing (one-time loss)
investments
[+ Asset management outside Japan
Income taxes -19.2 | -7.5 | +11.7 | ||
Total assets 1,899.4 | 2,655.3 | +755.9 | ||
Investment CF Quarterly Trends
IN 142.0
Gain on partial sale of a rental property in Japan
IN 110.2
Sale of real estate in Japan
Sale of real estate in US +16.8
Q1 7.5 12.1
6.2 10.3
Sale of real estate in US
Sale of logistics facility in Japan +11.9 12.8 7.4
11.8 15.0
Acquisition of data center in Japan
Acquisition of real estate in US -22.7 Q3
OUT -106.4 ・ Acquisition of real estate in US | OUT -61.9 ・ Capital increase at JA Mitsui Leasing | Q4 | 8.4 | 15.9 | 20.2 | 54.8 |
Total | 27.0 | 46.4 | 87.3 | 59.0 |
-17.5
-1.7 11.0
49.1 -21.1
*1 In this presentation material, profit is in reference to profit attributable to owners of the parent
Iron ore mining operations in AustraIia*1 | Investment in iron ore business in Australia | Var. | S | Mar | 160.1 | 58.7 | 218.7 | 233.6 | -14.9 |
Dividends from VaIe*2 | Brazilian diversified resource and development business | 6.71 | G | - | 43.5 | 0.0 | 43.5 | 35.0 | 8.5 |
Mitsui Resources | Investment in metallurgical coal businesses in Australia | 100.0 | S | Mar | 4.5 | -5.4 | -0.9 | 6.4 | -7.3 |
Mineral & Metal Resources
Mitsui & Co. Mineral Resources Development (Latin America)*1
MITSUI BUSSAN METALS | Sales and trading of non-ferrous metal products and scrap, etc. | 100.0 | S | Mar | 1.2 | 0.3 | 1.5 | 1.2 | 0.3 |
NIPPON AMAZON ALUMINIUM | Investments in aluminum business in Brazil (Albras/Alunorte) | 45.5 | E | Dec | 0.5 | -0.1 | 0.4 | -2.1 | 2.5 |
Mitsui Energy DeveIopment*3 | geo'thet nf deee res:uyae$dproduction of oil, natural gas, and | 100.0 | S | Nlar | 2.9 | 3.5 | 6.4 | 11.6 | -5.2 |
Mitsui E&P Australia Holdings | development, and production of oil and natural gas in | 1 . | Dec | 16.2 | -5.1 | 11.1 | 7.9 | 3.2 | |
Mitsui E&P USA*4 | l i Ft development, IndprodLJctiC+nif OilandFtaturalgas ill Ehe | . | Dec | 24.9 | 11.5 | 36.4 | 9.8 | 26.6 | |
MEP Texas Holdings*4 MEP South Texas*4 | t development, and production of Eagle Ford shale oil and Enconae/nda ga in hne'us d production of vaquero | 100.0 100.0 | S S | Dec Dec | 6.3 -2.0 | 1.9 -2.3 | 8.1 -4.2 | 10.1 -5.3 | -2.0 1.1 |
Japan Collahuasi Resources INNERMONGOLIAERDOSELECTRIC POWER ANDMETALLURGYGROUP
A. ::z::
:dndfinancing to copper business in Chile (Anglo | 100.0 | S | Mar | -8.0 | -2.6 | -10.6 | -11.4 | 0.8 |
Investment in a copper mine in Chile (Collahuasi) Manufacturing and sales of ferroalloys, chemical products, etc.
100.0 S
20.2 E
Dec 10.4
Dec 8.4
6.8 17.3 27.7 -10.4
3.1 11.5 9.0 2.5
'US ' ' '
Mitsui E&P fvliddIe East | Ehe Midd/e¿d‹evelopment, and production of oil and natural gas | in 100.0 | S | Dec | 1.6 | -0.1 | 1.5 | 1.0 | 0.5 |
Mitsui E&P Italia B | Exp or ltion,development, IndprodLJctionof Temp I Ross I oil fie | ldiii . | Dec | 1.8 | 1.5 | 3.3 | 2.0 | 1.3 | |
Mitsui & Co. Energy Trading Singapore | Global trading of oil, biofuel, LNG, and emissions credits | 100.0 | S | Mar | -2.2 | 5.4 | 3.2 | 2.7 | 0.5 |
ENEOS GLOBE | Import and sales of LPG, new energy related business | 30.0 | E | Mar | 1.5 | 1.1 | 2.6 | 2.8 | -0.2 |
Dividends from LNG projects*2 | LNG projects (Sakhalin II 、Abu Dhabi、Oman、Qatar) | Var. | G | - | 65.1 | 4.1 | 69.2 | 84.9 | -15.7 |
Japan Australia LNG (MIMI)*5 | Development, production, and sales of LNG in Australia | 50.0 | E | Dec | |||||
Mitsui & Co. LNG Investment USA | Investment in an LNG business in the US and sales of LNG | 100.0 | S | Dec | 17.0 | 7.1 | 24.0 | 23.1 | 0.9 |
Mitsui E&P Mozambique Area 1 | Development and production of LNG in Mozambique | 50.5 | E | Dec | -2.2 | -5.5 | -7.7 | -3.7 | -4.0 |
Japan Arctic LNG | Development and production of LNG in Russia | 27.0 | E | Dec | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
i.S nthtU
Energy
(USA)
Physical and futures trading of natural gas, power, and oil in the US | 100.0 | S | Dec | 2.9 | 0.8 | 3.7 | 1.2 | 2.5 |
B ss developmentandma iagemeFttiFt the US eFtergytraFtsitioFt | . | Mar | 3.8 | 5.3 | 9.1 | 2.0 | 7.1 | |
e tand$operation of CO₂ emissions visualization and D del:z | 95.1 | S | Mar | -0.8 | -0.2 | -1.1 | -0.7 | -0.4 |
Investment in renewable natural gas projects in North America | 100.0 | S | Mar | -1.2 | -0.2 | -1.4 | -2.3 | 0.9 |
Mitsui & Co. Energy Marketing and Services MyPower
e-dash MITRNGUSA
Note: Footnotes can be found on P.42
IPP businesses*1 | Investment in powergenerationbusinesses | Var. | S/E | Var. | 21.5 | 7.3 | 28.8 | 11.8 | 17.0 |
Shamrock Investment International | Investment in MainstreamRenewablePower | 100.0 | S | Dec | -34.6 | -2.8 | -37.4 | -28.5 | -8.9 |
Ecogen Brasil Solucoes Energeticas | Utilityequipmentrental,operations,andmaintenancein Brazil | 100.0 | S | Dec | 0.8 | 0.3 | 1.1 | 0.9 | 0.2 |
Gas infrastructure companies*1 | estments in gas infrastructure companies in Brazil, Nlexico,and the | var. | S/E | Dec | 13.2 | 4.5 | 17.7 | 17.5 | 0.2 |
FPSO/FSO leasing businesses*1 | FPSO/FSO leasing | Var. | E | Dec | 19.0 | 1.2 | 20.2 | 22.4 | -2.2 |
Drillship business*1 | Investment in deep-water drillship leasing business | Var. | S | Var. | 0.8 | 0.3 | 1.1 | 0.9 | 0.2 |
Mitsui & Co. Project Solutions | Sales of various plants, electric power facilities, and railway equipment | 100.0 | S | Mar | 4.1 | 0.2 | 4.4 | 3.2 | 1.2 |
Logistics infrastructure business*1 | Air cargo terminal and port terminals | Var. | S/E | Var. | 5.5 | 3.3 | 8.8 | 5.6 | 3.2 |
Mitsui Water Holdings (Thailand)*5 | Investment in water supply business | 100.0 | S | Mar | 3.9 | - | - | 2.8 |
Mitsui & Co. Infrastructure Solutions
Water treatment, electricity generation & supply, energy management, | 96.7 | S | Dec | 1.3 | 0.5 | 1.8 | 1.6 | 0.2 |
Americas motor vehicle/truck business | Var. | S/E | Var. | 37.7 | 10.7 | 48.4 | 45.8 | 2.6 |
Automobile sales and comprehensive solutions | 20.3 | E | Dec | 21.3 | 5.8 | 27.1 | 27.9 | -0.8 |
Investment in Penske Truck Leasing | 100.0 | S | Dec | 14.3 | 4.6 | 18.8 | 19.8 | -1.0 |
Auto finance businesses in Latin America | Var. | S/E | Dec | 4.2 | 1.1 | 5.4 | 3.9 | 1.5 |
Asian motor vehicle businesses | Var. | E | Var. | 16.3 | 2.5 | 18.8 | 18.4 | 0.4 |
Motorcycle sales and financing | 45.0 | E | Dec | 1.2 | 0.2 | 1.5 | 1.1 | 0.4 |
Construction & industrial machinery businesses | Var. | S/E | Var. | 19.8 | 8.0 | 27.7 | 12.8 | 14.9 |
Investment in passenger transportation business in Brazil | 57.6 | S | Var. |
Americas motor vehicle/truck business"1
Penske Automotive Group
MBK USA Commercial Vehicles Auto Finance businesses in Latin America*1
Asian motor vehicle businesses*1
Bussan Auto Finance
Construction & industrial machinery businesses*1
Guarana Urban MobiIity"5
Shipping related subsidiaries*1 | busene‹$eed$ ' gend Services, asset investment, and new Var. | S | Var. | 15.8 | 5.7 | 21.5 | 23.5 | -2.0 | |
Aviation businesses*1 | Aviation businesses | Var. | S/E | Var. | 3.7 | 2.0 | 5.7 | 4.2 | 1.5 |
ev eId
ChemicalsMMTX | Fairway Nlethanol business in the US | 100 | S | Mar | 5.6 | 0.8 | 6.3 | 11.4 | -5.1 |
Japan-Arabia Methanol | In es m n dnuc›methanoIproduction business in Saudi Arabia and | 55.0 | S | Max | 1.3 | 0.3 | 1.6 | 1.1 | 0.5 |
Intercontinental Terminals Company | ChemicaltankterminalbusinessintheUS | 100.0 | S | Mar | 9.2 | 2.5 | 11.7 | 9.7 | 2.0 |
ITC Antwerp*6 | Chemicalandpetroleumproductstankterminal business in Belgium | 100.0 | S | Mar | 2.1 | 0.6 | 2.7 | 0.9 | 1.8 |
Shark Bay Salt | ProductionofsaltinAustralia | 100.0 | S | Mar | 2.5 | 0.9 | 3.4 | 4.3 | -0.9 |
Mitsui Bussan Chemicals | SaIesinJapanandtradeofsoIvents,coating chemicaIs,etc. | 100.0 | S | Mar | 2.1 | 0.6 | 2.7 | 2.5 | 0.2 |
Next-generation fueIs*1 | Development,production,andsupplyofnext-generationfuels | 100.0 | S | Mar | -0.8 | -3.2 | -4.0 | -1.0 | -3.0 |
MITSUI & CO. PLASTICS | Salesandtrading ofplasticsandotherrelatedchemicals | 100.0 | S | Mar | 3.7 | 1.2 | 4.9 | 5.1 | -0.2 |
Mitsui Plastics Trading (Shanghai) | N!arketingand salesofplasticsandotherrelatedmaterials | 100.0 | S | Dec | 1.2 | 0.5 | 1.7 | 1.9 | -0.2 |
Living & Environmental Business*1 | Lifeessentialsbusinesses | Var. | S/E | Var. | 2.6 | 1.3 | 3.9 | 4.6 | -0.7 |
Materials and components for automotives | N!anufacturing and sales of materials and components for automotives | Var. | S/E | Mar | 6.2 | 1.6 | 7.8 | 8.5 | -0.7 |
Overseas crop protection business"1 | Overseas crop protection manufacturing and sales businesses | Var. | S/E | Var. | 4.8 | 4.2 | 9.0 | 5.6 | 3.4 |
in North America *1
Sales.of agricJItural inputs and provision of farming guidance services in Latin America | var. | S | Dec | 0.1 | 0.5 | 0.6 | 0.1 | 0.5 |
Investment in a phosphate rock mining project in Peru | 25.0 | E | Dec | 3.3 | -0.3 | 3.0 | 4.1 | -1.1 |
Manufacturing and sales of feed additives | 80.0 | S | Mar | 1.7 | 1.3 | 3.1 | 1.0 | 2.1 |
Agricultural inputs business in Latin America*1
MVM Resources International
Functional food ingredients business*1 | N!ad ing n$dsales of functional food and pharmaceutical Ll l l | Var. | E | Var. | 2.8 | 0.9 | 3.7 | 5.0 | -1.3 | |
Mitsui & Co. SteeI*1 | Trading of steel products | Var. | S/E | Mar | 6.1 | -0.1 | 6.0 | 5.9 | 0.1 | |
MM&KENZAI | Steel products for construction and steel raw materials | 50.0 | E | Mar | 1.0 | 0.4 | 1.4 | 1.6 | -0.2 | |
NIPPON STEEL TRADING"5 | Sales, export and import, mainly of steel products | 20.0 | E | Mar | ||||||
Iron & Steel | Gestamp companies*1 | St d components for automotive | Var. | E | Dec | 2.2 | 1.8 | 3.9 | 4.8 | -0.9 |
Products | NuMit*4 | Investment in Steel Technologies, a steel processing and sales | 50.0 | E | Dec | 4.5 | 0.8 | 5.3 | 4.3 | 1.0 |
GRI Renewable Industries | N!anufacturing ofwindturbinetowersandflanges | 25.0 | E | Dec | 0.8 | 0.2 | 1.0 | 1.5 | -0.5 | |
STATS | Provision of oil and gas pipelinerepairequipmentand related services | 100.0 | S | Mar | 0.4 | 0.5 | 0.9 | 0.6 | 0.3 | |
Regency Steel Asia | Tradingofsteelproducts | 100.0 | S | Mar | 0.2 | 0.1 | 0.3 | -2.4 | 2.7 |
Novus International
businees company

