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Mitsui O.S.K.Lines, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 18%

Fri Jan 30, 2026 12:00 pm JST Earnings

9104 Mitsui O.S.K.Lines,Ltd. 【J-GAAP】

Earnings Report

Mitsui O.S.K.Lines,Ltd. <9104> [TSE Prime] announced its financial results at noon (12:00) on January 30th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) significantly dropped 57.1% from the same period last year to 161 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 18.4%, from the previous forecast of 152 billion yen to 180 billion yen (compared to 419 billion yen in the previous period), and the declining rate is expected to decrease from 63.8% to 57.1%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward 74.9%, from the previous forecast of 37.3 billion yen to 65.3 billion yen (compared to 168 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 77.8% to 61.3%.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 46.8 billion yen, a 62.7% decrease compared to the same period last year. The operating profit margin worsened from 8.0% in the same period last year to 6.5%.

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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, 2023 1,218,664 80,126 197,263 203,604 562.6 76.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 1,318,676 122,621 376,693 369,956 1,024.4 89.8 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 1,345,446 102,744 161,468 180,511 524.4 89.7 Jan 30, 2026 J-GAAP
YoY +2.0% -16.2% -57.1% -51.2% -48.8%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 880,228 32,177 37,393 63,791 185.7 115 Nov 4, 2025 J-GAAP
Oct - Mar, 2025 New 960,228 53,177 65,393 83,791 244.0 115 Jan 30, 2026 J-GAAP
Revision Rate +9.1% +65.3% +74.9% +31.4% +31.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,750,000 104,000 152,000 180,000 524.1 200 Nov 4, 2025 J-GAAP
Mar, 2026 New 1,830,000 125,000 180,000 200,000 582.3 200 Jan 30, 2026 J-GAAP
Revision Rate +4.6% +20.2% +18.4% +11.1% +11.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 874,842 61,472 168,781 176,901 493.3 180 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 960,228 53,177 65,393 83,791 244.0 115 Jan 30, 2026 J-GAAP
YoY +9.8% -13.5% -61.3% -52.6% -50.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,627,912 103,132 258,986 261,651 722.9 220 Apr 30, 2024 J-GAAP
Mar, 2025 1,775,470 150,851 419,703 425,492 1,186.6 360 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 1,830,000 125,000 180,000 200,000 582.3 200 Jan 30, 2026 J-GAAP
YoY +3.1% -17.1% -57.1% -53.0% -50.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 418,048 33,242 125,771 121,365 336.1 8.0 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 456,794 28,230 43,010 55,536 154.9 6.2 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 432,704 37,078 52,233 52,817 152.9 8.6 Aug 1, 2025 J-GAAP
Jul - Sep, 2025 437,068 34,745 62,374 63,392 184.0 7.9 Nov 4, 2025 J-GAAP
Oct - Dec, 2025 475,674 30,921 46,861 64,302 186.8 6.5 Jan 30, 2026 J-GAAP
YoY +13.8% -7.0% -62.7% -47.0% -44.4%

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