Notice Concerning Revision of Consolidated Financial Result Forecast

LONDON--()--

This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note Programme.

February 8, 2017

For Immediate Release
To Whom It May Concern

Mitsui & Co., Ltd.

Notice Concerning Revision of Consolidated Financial Result Forecast

Mitsui & Co., Ltd. (“Mitsui”) announces to revise up its forecast of the consolidated financial result for the fiscal year ending March 31, 2017 (from April 1, 2016 to March 31, 2017), previously announced on November 2, 2016.

1. Revision of consolidated financial result forecast

(1) Details of revision

Revision of consolidated financial result forecast for the fiscal year ending March 31, 2017 (From April 1, 2016 to March 31, 2017)

         
  Profit for the year   Earnings per share
attributable to owners attributable to owners
    of the parent   of the parent, basic
(millions of yen) (yen)
Previous Forecast (A)   220,000   122.73
Revised Forecast (B)   300,000   167.36

Change (B-A)

  80,000   44.63
Rate of change (%)   36.4%   36.4%
(For reference)

Result for the previous year

(fiscal year ended March 31, 2016)

  (83,410)   (46.53)

(2) Reasons for the revision

The forecast of the consolidated financial result for the year ending March 31, 2017 announced on November 2, 2016 has been revised mainly due to the upward revision of \60.0 billion in the Mineral & Metal Resources Segment reflecting higher iron ore and coal prices.

2. Dividend forecast

Mitsui maintains the year-end dividend forecast for the fiscal year ending March 31, 2017, at 25 yen per share as announced on November 2, 2016 at the time of the announcement of the 2nd quarter result for the year ending March 31, 2017.

For further information, please contact:

  Mitsui & Co., Ltd.
Investor Relations Division Tel: +81-3-3285-7910
Corporate Communications Division Tel: +81-3-3285-6645

Notice:

This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements. This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

And, please insert the following at the end of the press.

For diagrams omitted, please see our home page. (http://www.mitsui.com/jp/en/ir/library/meeting/__icsFiles/afieldfile/2017/02/08/en_173_3q_yososhusei_1.pdf)

Short Name: Mitsui & Co., Ltd.
Category Code: MSCU
Sequence Number: 577099
Time of Receipt (offset from UTC): 20170208T061741+0000

Contacts

Mitsui & Co Ltd

Contacts

Mitsui & Co Ltd