Results of FY2023 and Forecast for FY2024 Presentation Materials May 2, 2024 Mitsubishi Corporation Forward-Looking Statements - This release contains forward-looking statements about Mitsubishi Corporation's future plans, strategies, beliefs and performance that are not historical facts. Such statements are based on the Company's assumptions and beliefs in light of competitive, financial and economic data currently available and are subject to a number of risks, uncertainties and assumptions that, without ...

Mitsubishi Corporation (OTCPK:MSBHF) Q4 2023 Earnings Conference Call May 2, 2024 ET Company Participants Katsuya Nakanishi - President, Chief Executive Officer Yuzo Nouchi - Executive Vice President, Chief Financial Officer Kenji Kobayashi - Executive Officer, CSEO Yoshihiro Shimazu - Executive Officer, General Manager of Accounting Department Takuma Okamoto - Corporate Communications Shigetaka Akamatsu - General Manager, Investor & Shareholder Relations Conference Call Participants Yasuhiro Narita - No ...

Financial Data and Key Metrics Changes - Consolidated net income for fiscal year 2023 Q2 was JPY466.1 billion, a decrease of JPY253.9 billion year-on-year, primarily due to the drop in soaring resource prices, although profits were steadily accumulated across each business [5][6] - The full year forecast for fiscal year 2023 was revised up from JPY920 billion to JPY950 billion, reflecting steady trends in segments such as natural gas, automotive and mobility, industrial materials, and consumer industry [6][14] Business Line Data and Key Metrics Changes - Natural Gas segment net income increased by JPY35 billion from JPY46.4 billion to JPY81.4 billion due to the absence of trading losses in the LNG sales business [18] - Mineral Resources segment net income decreased by JPY187.4 billion from JPY321.5 billion to JPY134.1 billion, mainly due to lower prices in the Australian metallurgical coal business [18] - Automotive & Mobility segment net income decreased by JPY23.8 billion from JPY89.4 billion to JPY65.6 billion, primarily due to decreased equity and earnings from Russia-related and ASEAN automobile businesses [18] - Food Industry segment net income increased by JPY21.5 billion to JPY63.6 billion from JPY42.1 billion, mainly due to gains on sales of shares in an affiliated company [19] - Urban Development segment net income decreased by JPY102.5 billion from JPY114.6 billion to JPY12.1 billion, mainly due to the absence of gains on sales of a property management company recorded in the previous year [19] Market Data and Key Metrics Changes - The company noted that six out of ten segments were revised up in the full year forecast, with significant upward revisions in Natural Gas, Industrial Materials, and Automotive & Mobility segments [20] Company Strategy and Development Direction - The Midterm Corporate Strategy 2024 aims to optimize the business portfolio through a value-added cyclical growth model, focusing on redeploying management resources and improving capital efficiency [9][10] - The company plans to continue asset replacement and value enhancement to increase profit improvement from JPY30 billion in FY22 to approximately JPY100 billion by FY24 [10][11] - A proactive approach to divesting or improving underperforming businesses is being implemented to enhance overall profitability [10][37] Management Comments on Operating Environment and Future Outlook - Management acknowledged rising uncertainties in the external environment but emphasized that operations are in line with expectations [16][25] - The company is prepared to deal with potential losses in the future by maintaining a proactive strategy and monitoring business performance closely [35][36] Other Important Information - The annual dividend forecast has been increased by JPY10 per share to JPY210, and a 3-for-1 stock split will be effective January 1, 2024 [14][15] - The company is committed to creating a more market-friendly environment in line with the Japanese government's goal to grow the retail investor base [15] Q&A Session All Questions and Answers Question: Regarding the decline in profits for BMA and MDP in Q2 - Management indicated that the decline was primarily due to volume drops during scheduled inspections and maintenance periods, with expectations for price increases in the latter half of the year [25][26] Question: Clarification on the JPY30 billion impact from the value-added cyclical growth model - Management explained that the impact comes from both replacing loss-making businesses and improving profitability in retained businesses, with ongoing monitoring to ensure alignment with expectations [27][28] Question: FX impact on the upward revision of JPY30 billion - The FX impact was noted to be approximately JPY50 billion, with management acknowledging that mineral resources did not change significantly despite currency fluctuations [31][33] Question: Investment strategy in light of rising uncertainties - Management confirmed that while the investment plan remains at JPY3 trillion, they are prepared to be proactive in risk-taking while balancing investments and divestments [63] Question: Impact of recent rate hikes on P&L - Management acknowledged that while interest costs are increasing, the overall impact on profits is limited due to corresponding increases in asset-side profits [51][52] Question: Progress on DX and growth investments - Management reported that while progress on DX investments is currently at JPY0.1 trillion, they are optimistic about future growth in this area, particularly in data centers and smart city projects [67]

August 3, 2023 Mitsubishi Corporation Results for the First Three Months of FY2023 Presentation Materials August 3, 2023 Mitsubishi Corporation Forward-Looking Statements - This release contains forward-looking statements about Mitsubishi Corporation's future plans, strategies, beliefs and performance that are not historical facts. Such statements are based on the Company's assumptions and beliefs in light of competitive, financial and economic data currently available and are subject to a number of risks, ...

Mitsubishi Corporation (OTCPK:MSBHF) Q1 2023 Earnings Conference Call August 3, 2023 3:30 AM ET Company Participants Yuzo Nouchi - Chief Financial Officer Yoshihiro Shimazu - General Manager, Corporate Accounting Department Yuzo Nouchi I am Yuzo Nouchi, CFO of Mitsubishi Corporation. Thank you very much for taking time out of your busy schedule to attend our financial results investors briefing. First, I will explain the progress of the Midterm Corporate Strategy 2024, including a summary of financial resul ...

May 9, 2023 Mitsubishi Corporation Results of FY2022 and Forecast for FY2023 Presentation Materials May 9, 2023 Mitsubishi Corporation Forward-Looking Statements - This release contains forward-looking statements about Mitsubishi Corporation's future plans, strategies, beliefs and performance that are not historical facts. Such statements are based on the Company's assumptions and beliefs in light of competitive, financial and economic data currently available and are subject to a number of risks, uncertain ...

Financial Data and Key Metrics Changes - Consolidated net income for FY2022 was JPY1.1807 trillion, an increase of JPY243.2 billion from the previous year, marking the first time reaching the JPY1 trillion level [2] - For FY2023, consolidated net income is expected to be JPY920 billion, continuing the high level seen in FY2022 [4] - Free cash flow after shareholder returns was JPY0.4 trillion, attributed to favorable operating cash flows and aggressive asset replacement [5] Business Line Data and Key Metrics Changes - The company has committed JPY0.5 trillion in FY2023 for EX related investments, building a steady pipeline for new investments [6] - The company has narrowed down over 200 EX projects to around 100 high-priority projects for execution during the current Midterm Corporate Strategy period [8] Market Data and Key Metrics Changes - The outlook for cash flow from operating revenue is expected to increase by JPY2.5 trillion, with a possibility of exceeding JPY1.5 trillion from divestment promotion [15] - The company anticipates a decrease in consolidated net income by JPY260.7 billion in FY2023 due to overheated market conditions, particularly in resource prices and foreign exchange [17] Company Strategy and Development Direction - The company is focusing on EX strategy, DX strategy, and creating a new future as part of the Midterm Corporate Strategy 2024 [7] - The company aims to achieve double-digit ROE as a quantitative target of MCS 2024, maintaining this level over the mid to long-term [19] Management's Comments on Operating Environment and Future Outlook - Management views FY2023 as the year of execution of the Midterm Corporate Strategy, emphasizing steady enhancement of corporate value without being carried away by strong performance [20] - The company intends to aggressively allocate investments beyond the JPY3 trillion set forth at the time of strategy formulation, reflecting confidence in cash flow generation [17] Other Important Information - The company plans to return a total of more than JPY1.5 trillion to shareholders, including the payout in FY2022, with a total payout ratio of approximately 40% [16] - A new startup support program was established in collaboration with Kyoto University to promote DX initiatives [10] Q&A Session Summary Question: What are the expectations for future investments? - The company has committed JPY0.5 trillion for FY2023 in EX related investments and is actively monitoring the market for appropriate investment opportunities [6] Question: How does the company plan to maintain profitability in EX related businesses? - The company aims to optimize returns by carefully selecting and investing in quality projects, ensuring stable earnings and capital gains [12]