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MITSUI & CO, Apr-Dec (Cumulative 3Q) Net Income Decreases by 10%, Oct-Dec Net Income Decreases by 11%

Tue Feb 4, 2025 12:00 pm JST Earnings

8031 MITSUI & CO., LTD. 【IFRS】

Earnings Report

MITSUI & CO., LTD. <8031> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on February 4th. The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 10.2% from the same period last year to 652 billion yen. The progress rate toward the full-year plan of 920 billion yen was 70.9%, almost the same as the five-year average of 71.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to decrease 20.6% from the same period last year to 267 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income decreased to 240 billion yen, a 11.0% decrease compared to the same period last year.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 11,036,515 ー 1,064,819 840,787 266.6 76.3 Feb 3, 2023 IFRS
Apr - Dec, 2023 9,998,472 ー 933,537 726,407 240.5 71.7 Feb 2, 2024 IFRS
Apr - Dec, 2024 10,983,292 ー 832,146 652,170 220.9 ー Feb 4, 2025 IFRS
YoY +9.8% － -10.9% -10.2% -8.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 6,947,504 ー 708,517 607,423 201.5 42.50 May 1, 2024 IFRS
Oct - Mar, 2024 Guidance ー ー ー 508,213 176.9 50 Nov 1, 2024 IFRS
YoY － － － -16.3% -12.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,306,402 ー 1,395,295 1,130,630 360.9 70 May 2, 2023 IFRS
Mar, 2024 13,324,942 ー 1,302,393 1,063,684 352.8 85 May 1, 2024 IFRS
Mar, 2025 Guidance ー ー ー 920,000 320.2 100 Nov 1, 2024 IFRS
YoY － － － -13.5% -9.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,621,034 ー 339,661 270,146 89.4 0.0 Feb 2, 2024 IFRS
Jan - Mar, 2024 3,326,470 ー 368,856 337,277 111.9 0.0 May 1, 2024 IFRS
Apr - Jun, 2024 3,839,914 ー 347,686 276,110 92.4 0.0 Aug 1, 2024 IFRS
Jul - Sep, 2024 3,491,903 ー 186,563 135,677 45.7 0.0 Nov 1, 2024 IFRS
Oct - Dec, 2024 3,651,475 ー 297,897 240,383 81.4 0.0 Feb 4, 2025 IFRS
YoY +0.8% － -12.3% -11.0% -9.0%

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