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Mitsui O.S.K.Lines, 18% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 5 Yen
9104 Mitsui O.S.K.Lines,Ltd. 【J-GAAP】
Earnings ReportMitsui O.S.K.Lines,Ltd. <9104> [TSE Prime] announced its financial results at noon (12:00) on April 30th. The consolidated ordinary profit for the fiscal year ended March 2026 dropped by 58.1% from the previous period to 175 billion yen. For the fiscal year ending March 2027, the consolidated ordinary profit is expected to decrease by 17.5% from the previous period to 145 billion yen.
At the same time, the company has decided to increase the dividend this fiscal year to 205 yen, an increase of 5 yen from the previous fiscal year.
In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit significantly dropped to 14.3 billion yen, a 66.6% decrease compared to the same period last year. The operating profit margin worsened from 6.2% in the same period last year to 5.1%.
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Actual Results
| 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 | 1,825,098 | 127,002 | 175,839 | 213,260 | 619.8 | 200 | Apr 30, 2026 | J-GAAP |
| YoY | +2.8% | -15.8% | -58.1% | -49.9% | -47.8% |
Full Year Results vs. Previous Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2026 Guidance | 1,830,000 | 125,000 | 180,000 | 200,000 | 582.1 | 200 | Jan 30, 2026 | J-GAAP |
| Mar, 2026 Results | 1,825,098 | 127,002 | 175,839 | 213,260 | 619.8 | 200 | Apr 30, 2026 | J-GAAP |
| Revision Rate | -0.3% | +1.6% | -2.3% | +6.6% | +6.5% |
Current Period Guidance
H1 Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Sep, 2025 | 869,772 | 71,823 | 114,607 | 116,209 | 337.3 | 85 | Nov 4, 2025 | J-GAAP |
| Apr - Sep, 2026 Guidance | 1,100,000 | 45,000 | 51,000 | 77,000 | 224.1 | 100 | Apr 30, 2026 | J-GAAP |
| YoY | +26.5% | -37.3% | -55.5% | -33.7% | -33.6% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2025 | 1,775,470 | 150,851 | 419,703 | 425,492 | 1,186.6 | 360 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 | 1,825,098 | 127,002 | 175,839 | 213,260 | 619.8 | 200 | Apr 30, 2026 | J-GAAP |
| Mar, 2027 Guidance | 2,040,000 | 105,000 | 145,000 | 170,000 | 494.8 | 205 | Apr 30, 2026 | J-GAAP |
| YoY | +11.8% | -17.3% | -17.5% | -20.3% | -20.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Jan - Mar, 2026 | 479,652 | 24,258 | 14,371 | 32,749 | 95.2 | 5.1 | Apr 30, 2026 | J-GAAP |
| YoY | +5.0% | -14.1% | -66.6% | -41.0% | -38.5% |
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