Mitsui(US:MITSY)2023-02-05 06:15Financial Performance & Forecasts - Core Operating Cash Flow for FY Mar/2023 Q1-3 reached ¥961.2 billion, a ¥98.3 billion increase year-over-year[8] - Profit for the year/period for FY Mar/2023 Q1-3 was ¥840.8 billion, up ¥207.5 billion year-over-year[8] - The full-year Core Operating Cash Flow forecast was revised upward to ¥1,200 billion, a ¥70 billion increase from the previous forecast[8] - The full-year Profit for the year forecast was revised upward to ¥1,080 billion, a ¥100 billion increase from the previous forecast[8] - The company achieved 85% progress in Core Operating Cash Flow and 86% in profit for Q1-3 against the previous full-year forecast[10] Shareholder Returns - The planned year-end dividend is ¥70 per share, resulting in a full-year dividend of ¥135 per share[8] - The share repurchase program was expanded from ¥140 billion to ¥240 billion, with the buying period extended to July 2023[8] - The company decided to cancel all repurchased shares and an additional 10 million shares in March and August 2023[8] - The company plans to increase the year-end dividend by ¥5 to ¥70 per share and decided to make an additional share repurchase of ¥100 billion[26] Segment Performance & Revisions - Energy sector's Core Operating Cash Flow forecast was revised upward by ¥60 billion due to increased LNG offtake volume from Cameron LNG[13] - Energy sector's Profit for the year forecast was revised upward by ¥80 billion due to LNG trading (increase in offtake volume from Cameron LNG)[17] - Mineral & Metal Resources sector's Profit for the year forecast was revised upward by ¥15 billion due to commodity prices[17] - Machinery & Infrastructure sector's Core Operating Cash Flow forecast was revised upward by ¥5 billion[13]