August 1st, 2025

The earnings call reflects a balanced view with robust progress in strategic investments and segments like chemicals and energy, countered by significant declines in profit and challenges in mineral, metal resources, and renewable energy segments.

Company Guidance

During the call, MITSUI & CO., LTD. provided a detailed overview of their Q1 financial results for the fiscal year ending March 31, 2026, highlighting several key metrics. Core Operating Cash Flow (COCF) increased by JPY0.5 billion year-over-year (YoY) to JPY216.3 billion, reflecting solid progress against their business plan. However, profit declined by JPY84.5 billion YoY to JPY191.6 billion, primarily due to the absence of gains from asset sales recorded in the previous year. The company achieved 25% progress towards their business plan, with COCF showing positive trends across most segments. Cash inflows amounted to JPY270 billion, comprising JPY216 billion from COCF and JPY54 billion from asset recycling, while cash outflows for investments and loans totaled JPY208 billion. Significant investments included the ITC Antwerp tank terminal business and the Blue Point low-carbon ammonia project. The call also addressed segment-specific performance, with notable increases in the chemicals and iron and steel products segments, while challenges persisted in the mineral and metal resources segment due to lower commodity prices. The company reiterated its commitment to its medium-term management plan, focusing on industrial business solutions, global energy transition, and wellness ecosystem creation.