Mitsui E&S : Consolidated Financial Results for Half-year of Fiscal Year Ended March 31, 2023(1,835KB)

Consolidated Financial Results

for Half-year of Fiscal Year Ended March 31, 2023

November 10, 2022

Copyright © Mitsui E&S Holdings Co., Ltd. All rights reserved.

Index

• Consolidated Financial Results for Half-year of FYE Mar. 2023
• • Highlights
  • Summary of Results
  • Summary of Balance Sheet
  • Summary of Cash Flow
  • Result Summary by Segment
• FYE Mar. 2023 Forecast
• • Summary of FYE Mar. 2023 Forecast
  • Summary of FYE Mar. 2023 Forecast by Segment
• Topic
• • Future Development of Marine Diesel Engines
• Appendix
• • CAPEX, Depreciation, R&D & Employees
  • Marine Diesel Engines

Copyright © Mitsui E&S Holdings Co., Ltd. All rights reserved.

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Highlights

Half-year of

FYE Mar. 2023

Results

 New Orders	155.6	Billion Yen（QoQ	）
	Net Sales	111.7	Billion Yen（QoQ	）
	Ordinary Income (Loss)	(1.5)	Billion Yen (QoQ	）

FYE Mar. 2023

Forecast

◆ New Orders	270 Billion Yen （compared to May 13, 2022	）
◆	Net Sales	240 Billion Yen （compared to May 13, 2022	）
◆	Ordinary Income (Loss)	1 Billion Yen （compared to May 13, 2022	）

Topic		 Future Development of Marine Diesel Engines

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Copyright © Mitsui E&S Holdings Co., Ltd. All rights reserved.

Summary of Results

			（JPY: Billion）
	FYE Mar.	FYE Mar.	Var.
	2022 2Q	2023 2Q
New Orders	364.2	155.6	(208.6)
Net Sales	356.4	111.7	(244.7)
Operating Income	(4.5)	(8.5)	(4.0)
(Loss)
OP ratio	(1.3%)	(7.6%)	-
Ordinary Income	(2.3)	(1.5)	+0.8
(Loss)
OD ratio	(0.6%)	(1.3%)	-
Profit attributable	2.6	1.4	(1.2)
to owners

＜Average FX＞

USD/JPY	110.71	140.94

• New Orders

Machinery segment was steady. However decreased QoQ due to the event that MODEC had been removed from consolidated subsidiary.

• Net Sales

Decreased QoQ due to reformation of the business structure, such as reorganization of shipbuilding business and removal of MODEC from consolidation.

• Ordinary Income(Loss)

Machinery segment and Engineering segment were steady. Improved QoQ due to contribution of equity gains from MODEC as affiliate as of 2Q of FYE 2022.

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Copyright © Mitsui E&S Holdings Co., Ltd. All rights reserved.

Summary of Balance Sheet

（JPY: Billion）

		FYE Mar.	FYE Mar.	Var.
		2022 ４Ｑ	2023 2Ｑ
Total Assets	409.2	432.6	+23.5
（Cash and deposit）	51.8	42.3	(9.5)
（Trade receivables）	78.6	81.3	+2.8
（Fixed assets）	134.4	133.3	(1.0)
（Investment securities）	43.3	60.3	+17.0	Increased mainly due to changes in cumulative translation
adjustments for MODEC
Total Liabilities	346.2	337.8	(8.4)
（Trade payables）	48.7	50.7	+2.0
(Advances from customers）	30.9	44.9	+14.0
（Provision for losses on	59.6	54.7	(4.9)
construction contracts）
（Debt with interest）	142.4	129.0	(13.4)	Decreased due to repayment of loan and company bond
Total Net Assets	62.9	94.8	+31.8
（Own Capital）	57.1	89.0	+31.9	Increased mainly issuance of class A preferred shares and
cumulative translation adjustment
Capital-to-asset ratio	14%	21%	-
Net D/E Ratio	1.6	1.0	-
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	Copyright © Mitsui E&S Holdings Co., Ltd. All rights reserved.