Mitsui Shipbuilding & Engineering Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2012; Provides Earnings Guidance for the Full Fiscal 2012
October 29, 2012
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Mitsui Shipbuilding & Engineering Co., Ltd. reported consolidated earnings results for the second quarter ended September 30, 2012. For the quarter, the company reported net sales of JPY 267,458 million compared to JPY 268,366 million a year ago. Operating income was JPY 9,561 million compared to JPY 12,851 million a year ago. Ordinary income was JPY 9,846 million compared to JPY 14,447 million a year ago. Net income was JPY 3,016 million or JPY 3.64 per share, compared to JPY 7,196 million or JPY 8.69 per share, a year ago. Operating cash flow was JPY 13,053 million compared to JPY 528 million a year ago.
The company provided earnings guidance for the full fiscal 2012. For the year, the company is expecting its net sales of JPY 590,000 million; operating income of JPY 20,000 million; ordinary income of JPY 19,000 million; and net income of JPY 9,000 million.
Mitsui E&S Co Ltd, formerly Mitsui E&S Holdings Co Ltd, is primarily engaged in ship, marine development, machinery, and engineering businesses. The Company operates its business through four segments. The Ship segment provides ships, naval vessels, high-speed passenger ships, offshore structures, underwater equipment, design engineering services, ship-related equipment and machinery, and steel structures. The Marine Development segment provides floating offshore oil and gas production, storage, and offloading facilities. The Machinery segment provides marine and land-use diesel engines, marine equipment, gas engines, steam turbines, blowers, compressors, gas turbines, among others. The Engineering segment provides power generation projects and general overseas civil engineering and construction work. The Company also engages in land-based diesel power plant business, information and communication equipment business, system development business, gas-related engineering, among others.
Mitsui Shipbuilding & Engineering Co., Ltd. Reports Consolidated Earnings Results for the Second Quarter Ended September 30, 2012; Provides Earnings Guidance for the Full Fiscal 2012
MITSUI E&S CO., LTD. 
