Mitsui & Co. released its earnings results, raising its full-year net income forecast by 14.1% from its previous estimate. The company lifted its full-year outlook to ¥1.05 trillion and forecast second-half net income of ¥475.1 billion. Net income for the latest July–September quarter was ¥280.8 billion.
Mitsui & Co. announced its earnings summary under IFRS, reporting that net income for the cumulative second quarter of 2024/04-09 increased 35.7% year on year to ¥574.8 billion.
The company raised its full-year net income forecast from ¥920 billion to ¥1.05 trillion, compared with ¥833.9 billion in the previous fiscal year, and expects its earnings growth rate to expand to 25.9%.
Based on first-half results and the second-half forecast, net income for the consolidated October–March period is expected to increase 15.8% year on year to ¥475.1 billion.
Consolidated net income for the latest 3-month period, July–September, increased 21.0% year on year to ¥280.8 billion.