Mitsui & Co. (MITSF) 3 Nov 222023 Q2 Earnings call transcript

Good afternoon, I’m Kenichi Hori, CEO. Thank you for joining us today. I will begin with an overview of operating results for the first half and full-year forecasts. I will then hand over to Masao Kurihara, Global Controller, who will speak on the results in more detail. Results for the first half of the current fiscal year showed that we remain capable of generating robust profits from our globally competitive business portfolio. the period fiscal previous even year a record same growth, recorded further, the new this but profit for for of year the significant setting Results half. first has risen will transform plan management through five but concrete has The work of medium-term achieving continuous XXXX on pursuit grow. months only remaining, we and our results will fiscal year. this now half first of summarize I our the operating results for by for JPYXXX.X business billion Core to operating to JPYXX.X the cash period while year-on-year, plan. by representing increased flow, billion, JPYXXX.X profit billion the JPYXXX.X solid COCF billion toward increased progress progress, In have the light of this up solid full-year we forecasts. our revised billion Compared business JPYXXX the JPYX.XX forecast billion billion. increased our to for JPYXXX the trillion and to the to we by for JPYXXX plan, COCF profit have by year

and JPYXXX to to the we share. per per We JPYXX respectively, of to JPYXXX of increased total have share to repurchases an an in billion. have dividend per also year-end yearly dividend additional increase share JPYXX implement of Furthermore, up decided minimum interim make share,

Japanese yen is as the consideration into to global the key a also we currency with dollar our the US make take perspective. management weakening, decisions While

billion mind overall we billion fact, US$X of with the cash deal in have repurchase share JPYXXX flow In allocation to the regarding framework.

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discuss the will progress I Next, key plan. initiatives business on in

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the Now meanwhile, by approximately ¥XXX to at equity to ¥XXX billion Xst XXXX current balance sheet the by approximately of the a of fiscal of shareholder the billion let's of trillion. increased ¥X trillion, Compared year. increased as look interest-bearing net take to debt half ¥X.X the end end March

was As X.XX concludes a presentation. net result, the DER my That times.