Mitsui : Other Items Subject to Measures for Electronic Provision for the 106th Ordinary General Meeting of Shareholders (Items Excluded From Paper-Based Documents)

106th (Year ended March 31, 2025)

Note: This document has been translated from Japanese original for reference purpose only, without any warranty as to its accuracy or as to the completeness of the information. The Japanese original version is the sole official version.

MITSUI & CO., LTD.

Other Items Subject to Measures for Electronic Provision for the 106th Ordinary General Meeting of Shareholders (Items Excluded from Paper-Based Documents)

Business Report

1. Current Status of the Company 1

2. Matters Related to Directors, Officers and Audit & Supervisory Board Members 4

3. Matters Related to Shares of Mitsui & Co., Ltd. 9

4. Matters Related to Subscription Rights to Shares, etc. 10

5. Status of Independent Auditor 12

6. Necessary Systems to Ensure Appropriate Operations and

Status of Operations of the Systems 13

Consolidated Financial Statements

Consolidated Statements of Changes in Equity 19

Consolidated Statements of Comprehensive Income

[Supplementary Information] (Unaudited) 20

Segment Information [Supplementary Information] (Unaudited) 21

Notes to Consolidated Financial Statements 23

Non-Consolidated Financial Statements

Statements of Changes in Equity 49

Notes to Non-Consolidated Financial Statements 51

Reference (Unaudited)

Equity Securities Held 60

1. Current Status of the Company, etc.
   1. Principal group business (As of March 31, 2025)

      Mitsui & Co., Ltd. (the "Company", "Mitsui" or "we") and its consolidated subsidiaries (the "Group") have businesses in areas including Mineral & Metal Resources, Energy, Machinery & Infrastructure, Chemicals, Iron & Steel Products, Lifestyle, and Innovation & Corporate Development. The Company engages in a diverse range of business activities including the trading of commodities, manufacturing, transportation, and financing, making full use of our global network of offices and information outreach. Furthermore, the Company and its consolidated subsidiaries are engaged in a wide range of initiatives that include the development of natural resources and infrastructure projects, business investments related to the environment, new technologies, next-generation fuels and wellness, and value creation that leverages digital tools.

   2. Principal group offices (As of March 31, 2025)

      The Company has 10 domestic offices and branches in Japan in addition to its head office and 113 overseas offices, branches and trading affiliates. The principal entities are as follows:

      • Head Office Chiyoda-ku, Tokyo
      • Domestic Offices Hokkaido Office (Sapporo), Tohoku Office (Sendai),

        Chubu Office (Nagoya), Hokuriku Office (Toyama), Kansai Office (Osaka), Shikoku Office (Takamatsu), Chugoku Office (Hiroshima), Kyushu Office (Fukuoka)

      • Overseas: Trading Affiliates MITSUI & CO. (U.S.A.)

        MITSUI & CO. EUROPE (United Kingdom) MITSUI & CO. (ASIA PACIFIC) (Singapore)

        Note: For information regarding the status of important subsidiaries and equity accounted investees, as well as the number of consolidated subsidiaries, including overseas offices, and equity accounted investees, see "Principal Subsidiaries" on page 55 of Notice of the 106th Ordinary General Meeting of Shareholders.

   3. Group employees

      (Persons)

      Operating Segment	Total Number of Company and Consolidated Subsidiaries Employees		Total Number of Company Employees
      	As of March 31, 2024	As of March 31, 2025	As of March 31, 2024	As of March 31, 2025
      Mineral & Metal Resources	631	655	292	285
      Energy	1,212	1,314	465	450
      Machinery & Infrastructure	13,363	13,798	779	780
      Chemicals	7,346	7,124	758	759
      Iron & Steel Products	1,667	1,626	244	233
      Lifestyle	18,159	20,529	811	796
      Innovation & Corporate Development	7,974	8,073	493	502
      (Other)	3,250	3,281	1,577	1,583
      Total (Compared with FY March 2024)	53,602	56,400 (2,798)	5,419	5,388 (-31)

      Note: The above employee figures do not include contract employee, temporary staff, or part-time staff.

   4. Principal sources of borrowings (As of March 31, 2025)

      (Mn JPY)

      Source of Borrowings	Amount Borrowed by the Company
      Sumitomo Mitsui Banking Corporation	519,535
      MITSUI & CO. FINANCIAL SERVICES (AUSTRALIA) LTD.	514,354
      Japan Bank for International Cooperation	255,129
      MUFG Bank, Ltd.	249,900
      Nippon Life Insurance Company	222,000
      Meiji Yasuda Life Insurance Company	216,000
      Sumitomo Mitsui Trust Bank, Limited	179,520
      The Norinchukin Bank	147,380

      Note: Amounts are rounded down to the nearest 1.0 million yen.

   5. Outline of Financing and Capital Expenditure
      1. Financing

         The basic funding policy of the Company is to secure appropriate liquidity required for our business activities and to maintain financial strength and stability. We secure financing for long-term funds, mostly with maturities of around 10 years, primarily through long-term borrowings from domestic financial institutions, including insurance companies and banks, and the issuance of corporate bonds. In cases where projects require large amounts of financing, we utilize loans from government financing agencies and/or project finance. In addition, financing subsidiaries and overseas trading affiliates procure long-term and short-term borrowings as well as issue commercial paper (short-term corporate bonds) in accordance with their funding needs.

         In principle, wholly owned subsidiaries secure financing not from financial institutions outside the Group, but by utilizing our Cash Management Service, in which wholly owned subsidiaries can secure financing from financing subsidiaries and overseas trading affiliates of the Company. Through this service, we are working towards centralization of financing and the efficient use of funds.

         Interest-bearing debt (excluding lease liability) outstanding as of March 31, 2025, totaled 4,309.9 billion yen, marking a 9.1 billion yen increase from the previous fiscal year-end. Net interest-bearing debt (after subtracting cash and cash equivalents and time deposits) totaled 3,330.1 billion yen, a 68.0 billion yen decrease.

      2. Capital Expenditure

      Material expenditures with respect to acquisitions of property, plant, equipment and investment property for the fiscal year ended March 31, 2025 are listed as follows.

      (Bn JPY)

      Operating Segments	Business	Amount
      Energy	Oil and gas development and production projects New acquisition in shale gas project	92.7 23.0
      Mineral & Metal Resources	Australian iron ore operations Australian metallurgical coal operations	61.4 22.4
      Energy / Machinery & Infrastructure	Power generating	37.0
      Chemicals	Tank terminals for chemicals	18.7

   6. Trends in Value of Assets and Operating Results (Consolidated and Non-Consolidated)
      1. Trends in Value of Assets and Operating Results (Consolidated)

         (Mn JPY, Except Basic Earnings per Share Attributable to Owners of the Parent)

         	FY March 2022	FY March 2023	FY March 2024	FY March 2025
         Revenue	11,757,559	14,306,402	13,324,942	14,662,620
         Gross Profit	1,141,371	1,396,228	1,319,715	1,288,366
         Profit for the Year Attributable to Owners of the Parent	914,722	1,130,630	1,063,684	900,342
         Basic Earnings per Share Attributable to Owners of the Parent (JPY)	280.81	360.91	352.80	306.73
         Total Equity Attributable to Owners of the Parent	5,605,205	6,367,750	7,541,848	7,546,615
         Total Assets	14,923,290	15,380,916	16,899,502	16,811,509

         Note 1: The above table has been prepared on the basis of International Financial Reporting Standards ("IFRS") pursuant to the provisions of Article 120, Paragraph 1 of the Regulation on Corporate Accounting.

         Note 2: The value of assets and operating results is shown based on the terms used in IFRS.

         Note 3: Basic Earnings per Share Attributable to Owners of the Parent was computed based on the average number of shares outstanding during the fiscal year.

         Note 4: Figures less than 1.0 million yen and figures less than 1/100 yen (in the case of Basic Earnings per Share Attributable to Owners of the Parent) are rounded.

         Note 5: The Company conducted a share split, with each share of common stock being split into two, effective July 1, 2024. Basic Earnings per Share Attributable to Owners of the Parent was computed based on the assumption that the share split was made at the beginning of FY March 2022

      2. Trends in Value of Assets and Operating Results (Non-Consolidated)

      (Mn JPY, Except Net Income per Share)

      	FY March 2022	FY March 2023	FY March 2024	FY March 2025
      Revenue	4,053,587	4,792,312	3,715,650	3,830,479
      Net Income	339,049	922,579	535,348	723,548
      Net Income per Share (Yen)	104.08	294.49	177.56	246.50
      Net Assets	2,190,271	2,494,047	2,437,110	2,584,866
      Total Assets	7,481,222	7,539,370	7,838,353	8,030,668

      Note 1: Net Income per Share was computed based on the average number of shares outstanding during the fiscal year.

      Note 2: Figures less than 1.0 million yen are rounded down and figures less than 1/100 yen (in the case of Net Income per Share) are rounded.

      Note 3: The Company conducted a share split, with each share of common stock being split into two, effective July 1, 2024. Net Income per Share was computed based on the assumption that the share split was made at the beginning of FY March 2022.

2. Matters Related to Directors, Officers and Audit & Supervisory Board Members
   1. Status of Managing Officers (As of April 1, 2025) * Serves concurrently as Director

Title		Name	Principal Position(s) / Areas Overseen
*	President and Chief Executive Officer	Kenichi Hori	CEO (Chief Executive Officer)
*	Executive Vice President	Yoshiaki Takemasu	CHRO (Chief Human Resources Officer); CCO (Chief Compliance Officer); Corporate Staff Units (Human Resources & General Affairs Division I/II, Logistics Strategy Division); BCM (Business Continuity Plan Management); Japan Bloc; Europe Bloc; Middle East and Africa Bloc; CIS Bloc
*	Executive Vice President	Tetsuya Shigeta	CFO (Chief Financial Officer); Corporate Staff Units (CFO Planning & Administrative Division, Global Controller Division, Finance Division, Risk Management Division, Investor Relations Division, Financial Management & Advisory Division I/II/III/IV)
*	Executive Vice President	Makoto Sato	Asia Pacific Business Unit
*	Executive Vice President	Toru Matsui	Americas Business Unit
	Senior Executive Managing Officer	Kazumasa Nakai	CSO (Chief Strategy Officer); Corporate Staff Units (Corporate Planning & Strategy Division, Investment Administrative Division, Corporate Communications Division, Corporate Sustainability Division)
	Senior Executive Managing Officer	Tetsuya Daikoku	Energy Solutions Business Unit; Infrastructure Projects Business Unit; Mobility Business Unit I; Mobility Business Unit II
	Senior Executive Managing Officer	Takashi Furutani	Basic Materials Business Unit; Performance Materials Business Unit; Nutrition & Agriculture Business Unit; Food Business Unit; Retail Business Unit; East Asia Bloc; Mitsui & Co. Korea Ltd.
	Senior Executive Managing Officer	Tetsuya Fukuda	CDIO (Chief Digital Information Officer); Integrated Digital Strategy Division; Iron & Steel Products Business Unit; Mineral & Metal Resources Business Unit; IT & Communication Business Unit; Corporate Development Business Unit
	Executive Managing Officer	Yuichi Takano	General Counsel; Corporate Staff Units (Audit & Supervisory Board Member Division, Strategic & Administrative Legal Division, Business Legal Division)
	Executive Managing Officer	Kenichiro Yamaguchi	Energy Business Unit I; Energy Business Unit II; Wellness Business Unit
	Executive Managing Officer	Yoichiro Endo	COO (Chief Operating Officer) of Wellness Business Unit
	Executive Managing Officer	Hiroshi Kakiuchi	President of Mitsui & Co. (Thailand) Ltd.
	Executive Managing Officer	Kiyoshi Mori	Deputy Chief Strategy Officer (Executive Advisor to Energy Business Unit I; Energy Business Unit II)
	Executive Managing Officer	Atsushi Kawase	General Manager of Internal Auditing Division
	Executive Managing Officer	Takeshi Akutsu	Chief Representative of Japan Bloc (General Manager of Osaka Office)
	Executive Managing Officer	Isao Kohiyama	President & CEO of PT. Mitsui Indonesia
	Executive Managing Officer	Koichi Wakana	General Manager of Chubu Office