Key Facts
• August 1, Mitsui O.S.K. Lines revised its FY2026 forecast upward.
• Net profit expected to drop 53% year-on-year to ¥200 billion (previously ¥170 billion).
• Revenue forecast: ¥1.731 trillion, down 2.5% year-on-year (previously ¥1.7 trillion).
• Operating profit forecast: ¥106 billion, down 29.7% year-on-year (previously ¥100 billion).
• Analyst consensus for net profit: ¥226.4 billion (IBES data).
• Exchange rate assumption: ¥141.77 per USD (previously ¥140.78).
• Q1 FY2026 revenue: ¥432.7 billion, down 0.7% year-on-year.
• Q1 FY2026 operating profit: ¥37 billion, down 8.5% year-on-year.
• Q1 FY2026 net profit: ¥52.8 billion, down 50.6% year-on-year.
• Dividend forecast: ¥175 per share, no changes announced.
Summary
Mitsui O.S.K. Lines announced an upward revision to its FY2026 forecast, projecting a net profit of ¥200 billion, a 53% year-on-year decline but higher than the previous estimate of ¥170 billion. The company attributes this adjustment to increased earnings in its energy and product transport businesses. Revenue is expected to decrease by 2.5% to ¥1.731 trillion, while operating profit is forecasted to drop 29.7% to ¥106 billion. Analysts’ consensus for net profit stands at ¥226.4 billion. The company also adjusted its exchange rate assumption to ¥141.77 per USD. Q1 FY2026 results showed a 0.7% decline in revenue and a 50.6% drop in net profit. The dividend forecast remains unchanged at ¥175 per share.
