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Mitsui O.S.K.Lines, Ordinary Profit Forecast for First Half Revised Upward by 31%, Full Year also Increased, Dividend Revised Upward by 25 Yen

Fri Aug 1, 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 August 1st. The consolidated ordinary profit for the first quarter of the fiscal year ending March 2026 (April to June) significantly dropped 51.9% from the same period last year to 52.2 billion yen.

However, the April to September period (first half) consolidated ordinary profit has been revised upward 31.3%, from the previous forecast of 80.0 billion yen to 105 billion yen (compared to 249 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 67.9% to 57.8%.

Following the strong performance in the first half, the full-year forecast for consolidated ordinary profit has been revised upward 13.3%, from the previous forecast of 150 billion yen to 170 billion yen (compared to 419 billion yen in the previous period), and the declining rate is expected to decrease from 64.3% to 59.5%.

At the same time, the dividend for the first half of this fiscal year has been increased from the original plan of 75 yen to 85 yen, and the dividend for the second half has also been revised upwards from the original plan of 75 yen to 90 yen. The annual dividend will be 175 yen (compared to 360 yen in the previous period).

In the most recent three-month period, from April to June (1Q), the operating profit margin worsened from 9.3% in the same period last year to 8.6%.

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Actual Results

Accumulated Results 1st Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Jun, 2023 385,183 24,472 90,369 91,155 252.0 58.5 Jul 31, 2023 J-GAAP
Apr - Jun, 2024 435,949 40,527 108,539 106,991 295.3 43.3 Jul 31, 2024 J-GAAP
Apr - Jun, 2025 432,704 37,078 52,233 52,817 152.9 49.7 Aug 1, 2025 J-GAAP
YoY -0.7% -8.5% -51.9% -50.6% -48.2%

Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Prev 837,000 50,000 80,000 85,000 247.6 75 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 New 871,000 61,000 105,000 112,000 326.3 85 Aug 1, 2025 J-GAAP
Revision Rate +4.1% +22.0% +31.3% +31.8% +31.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,700,000 100,000 150,000 170,000 495.0 150 Apr 30, 2025 J-GAAP
Mar, 2026 New 1,731,000 106,000 170,000 200,000 582.3 175 Aug 1, 2025 J-GAAP
Revision Rate +1.8% +6.0% +13.3% +17.6% +17.6%

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 89,379 250,922 248,591 686.0 180 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance 871,000 61,000 105,000 112,000 326.3 85 Aug 1, 2025 J-GAAP
YoY -3.3% -31.8% -58.2% -54.9% -52.4%

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 1,731,000 106,000 170,000 200,000 582.3 175 Aug 1, 2025 J-GAAP
YoY -2.5% -29.7% -59.5% -53.0% -50.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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 48,852 142,383 141,600 390.7 10.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 418,048 32,942 123,947 119,542 331.0 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
Apr - Jun, 2025 432,704 37,078 52,233 52,817 152.9 8.6 Aug 1, 2025 J-GAAP
YoY -0.7% -8.5% -51.9% -50.6% -48.2%

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