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Mitsui O.S.K.Lines, 64% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Wed Apr 30, 2025 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 April 30th. The consolidated ordinary profit for the fiscal year ending March 2025 expanded 62.1% from the previous period to 419 billion yen. However, for the fiscal year ending March 2026 is also bleak, with an expected significant drop by 64.3% from the previous period to 150 billion yen.

At the same time, the company increased the annual dividend for the previous term from 340 yen to 360 yen (compared to 220 yen in the prior term), and has decided to significantly reduce the dividend this fiscal year to 150 yen, a decrease of 210 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 44.8 billion yen, a 27.4% decrease compared to the same period last year. However, the operating profit margin improved from 5.6% in the same period last year to 6.2%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 1,611,984 108,709 811,589 796,060 2,204.0 560 Apr 28, 2023 J-GAAP
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
YoY +9.1% +46.3% +62.1% +62.6% +64.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 1,790,000 154,000 410,000 400,000 1,144.9 340 Jan 31, 2025 J-GAAP
Mar, 2025 Results 1,775,470 150,851 419,703 425,492 1,186.6 360 Apr 30, 2025 J-GAAP
Revision Rate -0.8% -2.0% +2.4% +6.4% +3.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 900,628 89,185 249,028 246,697 680.7 180 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance 837,000 50,000 80,000 85,000 247.6 75 Apr 30, 2025 J-GAAP
YoY -7.1% -43.9% -67.9% -65.5% -63.6%

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 1,700,000 100,000 150,000 170,000 495.2 150 Apr 30, 2025 J-GAAP
YoY -4.3% -33.7% -64.3% -60.0% -58.3%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 409,248 23,006 61,723 58,047 160.4 5.6 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 435,949 40,527 108,539 106,991 295.3 9.3 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 464,679 48,658 140,489 139,706 385.5 10.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 418,048 33,136 125,841 121,436 336.3 7.9 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 456,794 28,530 44,834 57,359 160.0 6.2 Apr 30, 2025 J-GAAP
YoY +11.6% +24.0% -27.4% -1.2% -0.2%

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