Notification Regarding Revision of Consolidated Financial Result Forecast

LONDON--()-- 

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

February 3, 2021

For Immediate Release
To Whom It May Concern

Mitsui & Co., Ltd.

Notification Regarding Revision of Consolidated Financial Result Forecast

Mitsui & Co., Ltd. announces to revise up its forecast of the consolidated financial result for the year ending March 31, 2021 (from April 1, 2020 to March 31,2021) previously announced on October 30, 2020.

1. Revision of consolidated financial result forecast (From April 1, 2020 to March 31, 2021)

 

Profit for the period attributable
to owners of the parent

Earnings per share attributable to
owners of the parent, basic

 

Millions of yen

Yen

Previous Forecast (A)

180,000

106.87

Revised Forecast (B)

270,000

160.31

Change (B-A)

90,000

53.44

Rate of change (%)

50.0%

50.0%

(Ref)Result for the previous year
(Fiscal year ended March 31, 2020)

391,513

226.13

2. Reasons for the revision

The forecast of the consolidated financial result has been revised mainly due to the upward revision by ¥35.0 billion in the Mineral & Metal Resources Segment reflecting higher iron ore price, as well as recovery of business environment and market conditions in several of the segments. For details , please refer to the Consolidated Financial Results for the Nine-Month Period Ended December 31, 2020[IFRS] released today.

3. Dividend forecast

Mitsui maintains the year-end dividend forecast for the fiscal year ending March 31, 2021 at ¥40 per share as announced on October 30, 2020 at the time of the annoucement of the 2nd quarter result for the year ending March 31, 2021.

For inquiries on this matter, please contact:
Mitsui & Co., Ltd.
IR Div. TEL: +81-3-3285-7657
Corporate Communications Div. TEL: +81-80-5912-0321

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.

Category Code: MSCH
Sequence Number: 728993
Time of Receipt (offset from UTC): 20210203T054047+0000

Contacts

Mitsui & Co Ltd

Contacts

Mitsui & Co Ltd