MITSUI E&S Co.,Ltd. [7003]: Earnings Information

According to the earnings summary for the first quarter of the fiscal year ending March 2027, revenue rose 13.0% year on year to ¥91.7 billion, operating profit increased 14.4% to ¥10.2 billion, and net profit attributable to owners of the parent rose 13.1% to ¥8.2 billion, with all key metrics improving. Revenue in the Growth Business Promotion segment increased significantly, while operating profit more than doubled year on year. Meanwhile, operating profit in the Marine Propulsion Systems segment fell 7.0% year on year due to higher materials and equipment prices.

The full-year earnings outlook was revised upward, but profit is still expected to decline from the previous fiscal year. Full-year revenue is projected at ¥370 billion, up 4.8% year on year, operating profit at ¥34 billion, down 9.7%, and net profit attributable to owners of the parent at ¥31 billion, down 19.4%. The operating profit outlook for logistics systems was revised upward.

Total assets fell 6.1% from the end of the previous fiscal year to ¥464.3 billion, with cash and deposits down approximately 33.0% to ¥38.3 billion and investment securities down approximately 25.0% to ¥41.3 billion, making the decline in assets particularly notable. Liabilities fell approximately 9.6% to ¥235.6 billion, mainly due to a substantial decrease in short-term borrowings.

Net cash used in operating activities was ¥1.4 billion, net cash used in investing activities was ¥0.9 billion, and net cash used in financing activities was ¥16.8 billion, resulting in a significantly negative overall cash movement.

The planned annual dividend for the fiscal year ending March 2027 is ¥60 per share, with no upward revision from the previous fiscal year's actual dividend of ¥57.