| --- | --- | |-------|---------------------------| | | | | | ~Transform and Grow~ | | | Quarter Financial Results | | | FY Ending March 2023 | MITSUI & CO. February 3, 2023 Mitsui & Co., Ltd. This material contains statements (including figures) regarding Mitsui & Co., Ltd. ("Mitsui")'s corporate strategies, objectives, and views of future developments that are forward-looking in nature and are not simply reiterations of historical facts. These statements are presented to inform stakeholders of the views o ...

Mitsui & Co., Ltd. (OTCPK:MITSY) Q2 2023 Earnings Conference Call November 1, 2022 9:00 PM ET Company Participants Kenichi Hori - Chief Executive Officer Masao Kurihara - Global Controller Conference Call Participants Kenichi Hori Good afternoon, IÂ'm Kenichi Hori, CEO. Thank you for joining us today. I will begin with an overview of operating results for the first half and full-year forecasts. I will then hand over to Masao Kurihara, Global Controller, who will speak on the results in more detail. Results ...

| --- | --- | |-------------------------------|-------| | ~Transform and Grow~ | | | 1st Quarter Financial Results | | | FY Ending March 2023 | | MITSUI & CO. August 2, 2022 Mitsui & Co., Ltd. This material contains statements (including figures) regarding Mitsui & Co., Ltd. ("Mitsui")'s corporate strategies, objectives, and views of future developments that are forward-looking in nature and are not simply reiterations of historical facts. These statements are presented to inform stakeholders of the views o ...

Mitsui & Co., Ltd. (OTCPK:MITSY) Q1 2023 Earnings Conference Call August 2, 2022 3:30 AM ET Company Participants Masao Kurihara - Global Controller Tetsuya Shigeta - CFO Conference Call Participants Tetsuya Shigeta Good afternoon. I'm Tetsuya Shigeta, CFO. Thank you for joining us today. I will begin by giving a summary of the first quarter operating results. I will then hand over to our Global Controller, Masao Kurihara, for details of our operating results. During the first quarter, the global economy con ...

Mitsui & Co., Ltd. (OTCPK:MITSY) Q3 2022 Earnings Conference Call February 3, 2022 2:30 AM ET Â Â Company Participants Takakazu Uchida - CFO Tetsuya Shigeta - Global Controller Conference Call Participants Takakazu Uchida Good afternoon, IÂ'm Takakazu Uchida, CFO. Thank you for joining us today. I will begin by giving a summary of the Third Quarter Operating Results and Yearly Forecasts. I will then hand over to our Global Controller Tetsuya Shigeta for details of our operating results. In the nine-month pe ...

| --- | --- | |-------------------------------|-------| | | | | ～ Transform and Grow | ～ | | 3rd Quarter Financial Results | | | FY Ending March 2022 | | MITSUI & CO. February 3, 2022 Mitsui & Co., Ltd. This material contains statements (including figures) regarding Mitsui & Co., Ltd. ("Mitsui")'s corporate strategies, objectives, and views of future developments that are forward-looking in nature and are not simply reiterations of historical facts. These statements are presented to inform stakeholders of t ...

Mitsui & Co., Ltd. (OTCPK:MITSY) Q1 2022 Results Conference Call August 3, 2021 3:45 AM ET Â Company Participants Takakazu Uchida - Chief Financial Officer Tetsuya Shigeta - Global Controller Takakazu Uchida Good afternoon. I'm Takakazu Uchida, CFO. Thank you for joining us today. I will begin by giving a summary of the first quarter operating results and yearly forecast. I will then hand over to our Global Controller, Tetsuya Shigeta, for details of our operating results. The global economy continued to re ...

| --- | --- | |-------|---------------------------| | | | | | ~Transform and Grow~ | | st | Quarter Financial Results | | | FY Ending March 2022 | MITSUI & CO. August 3, 2021 Mitsui & Co., Ltd. This material contains statements (including figures) regarding Mitsui & Co., Ltd. ("Mitsui")'s corporate strategies, objectives, and views of future developments that are forward-looking in nature and are not simply reiterations of historical facts. These statements are presented to inform stakeholders of the views ...

Financial Data and Key Metrics Changes - Core operating cash flow for the third quarter increased by JPY 21.2 billion year-on-year to JPY 493.4 billion, recovering to pre-COVID-19 levels [3][14] - Profit for the period decreased by JPY 136.2 billion year-on-year to JPY 188.9 billion, reaching the yearly forecast announced in October [3][4] - The yearly core operating cash flow forecast was upwardly revised by JPY 120 billion to JPY 600 billion, and yearly profit forecast was revised upward by JPY 90 billion to JPY 270 billion [4][14] Business Line Data and Key Metrics Changes - In Mineral & Metal Resources, core operating cash flow increased by JPY 35 billion to JPY 205.2 billion, driven by higher iron ore prices [15] - Energy segment saw a core operating cash flow decrease of JPY 81.4 billion to JPY 102.7 billion due to declining oil and gas prices [16] - Machinery & Infrastructure reported a core operating cash flow increase of JPY 4.6 billion to JPY 64.5 billion, benefiting from recovery in automotive and construction sectors [16] - Chemicals achieved a core operating cash flow of JPY 48.5 billion, a year-on-year increase of JPY 21.2 billion, supported by strong trading performance [16] Market Data and Key Metrics Changes - The global economy is on a recovery track, led by China, although concerns remain regarding the renewed spread of COVID-19 [4][10] - The iron ore market remained strong, contributing significantly to the company's recovery [6][14] Company Strategy and Development Direction - The company is focused on executing its Medium-term Management Plan 2023, "Transform and Grow," to build a mid- to long-term competitive advantage [5][10] - There is an ongoing restructuring and reorganization in the Machinery & Infrastructure area to enhance competitiveness [7][10] - The company is shifting its strategy in Exploration & Production (E&P) to prioritize quality over quantity in asset management [13][62] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery of operating results, despite concerns about regional disparities and the potential for a double-dip recession [4][10] - The company aims to improve profits across all business areas by leveraging its capabilities as a sogo shosha [10][12] - Management acknowledged the need for ongoing damage control in sectors significantly impacted by the pandemic [10][12] Other Important Information - The annual dividend forecast remains unchanged at JPY 80 per share [4][14] - The company is actively pursuing new business opportunities while reconfiguring its portfolio to strengthen competitiveness [10][12] Q&A Session Summary Question: Cash upside status and shareholder returns - The company noted a significant recovery in core operating cash flow, with potential for additional shareholder returns being considered based on fourth-quarter performance [27][30] Question: Portfolio review and negative factors - Management indicated that the portfolio review has not fully reflected COVID-19 impacts, with ongoing negotiations and damage control in various sectors [32][33] Question: Continuity of business in steel products and Lifestyle segments - Management highlighted strong performance in Chemicals and a recovery in Iron & Steel Products due to increased demand, while acknowledging ongoing challenges [36][39] Question: Shareholder returns policy - The company confirmed its policy of allocating approximately one-third of core operating cash flow to shareholder returns, with no major changes anticipated [37][42] Question: Upward revision factors and credit rating concerns - Management explained that upward revisions were influenced by strong iron ore prices and restructuring efforts, while also addressing concerns regarding credit ratings [46][52]

| --- | --- | |-------|----------------------| | | | | | FY Ending March 2021 | MITSUI & CO. February 3, 2021 Mitsui & Co., Ltd. This material contains statements (including figures) regarding Mitsui & Co., Ltd. ("Mitsui")'s corporate strategies, objectives, and views of future developments that are forward-looking in nature and are not simply reiterations of historical facts. These statements are presented to inform stakeholders of the views of Mitsui's management but should not be relied on solely in maki ...