MITSUI O.S.K. LINES LTD June 21st, 2021
To whom it may concern:
Corporate Name: Mitsui O.S.K. Lines, Ltd.
Representative: Takeshi Hashimoto, President
Security Code: 9104
Listings: First section of the Tokyo Stock Exchange
Contact: Keiichiro Nakanishi, General Manager, Corporate Communication Division (TEL: +81 3 3587 6224）
Announcement on Revision of Consolidated Business Forecast for Fiscal Year 2021
TOKYO-Mitsui O.S.K. Lines, Ltd. (the Company; President & CEO: Takeshi Hashimoto) hereby announces the revision of the consolidated business forecast for fiscal year 2021 which was previously released on April 30th, 2021. Details of the announcement is as follows.
1. Business forecast
- Business forecast for consolidated cumulative second quarter of the fiscal year 2021 (April 1st, 2021 to September 30th, 2021)
Revenue | Operating | Ordinary | Net income* | Net income | ||
profit | profit | per share | ||||
Previous forecast on | ¥ million | ¥ million | ¥ million | ¥ million | ¥ | |
April 30th, 2021 (A) | 540,000 | 15,000 | 65,000 | 50,000 | 418.08 | |
Revised forecast on | ||||||
June 21st, 2021 (B) | 560,000 | 15,000 | 185,000 | 170,000 | 1,421.43 | |
Change (B-A) | 20,000 | - | 120,000 | 120,000 | 1,003.35 | |
Change (%) | 3.7% | - | 184.6% | 240.0% | 240.0% | |
(Ref) Previous fiscal year's | ||||||
cumulative second | quarter | |||||
results (The second quarter | 484,686 | (4,222) | 32,732 | 30,251 | 252.96 | |
ended September | 30th, | |||||
2020) | ||||||
*Profit | attributable to | owners of parent |
- Consolidated business forecast for full fiscal year 2021 (April 1st, 2021 to March 31st, 2022)
Revenue | Operating | Ordinary | Net income* | Net income | |
profit | profit | per share | |||
Previous forecast on | ¥ million | ¥ million | ¥ million | ¥ million | ¥ |
April 30th, 2021 (A) | 1,060,000 | 28,000 | 100,000 | 90,000 | 752.52 |
Revised forecast on | |||||
June 21st, 2021 (B) | 1,080,000 | 28,000 | 220,000 | 210,000 | 1,755.88 |
Change (B-A) | 20,000 | - | 120,000 | 120,000 | 1,003.36 |
Change (%) | 1.9% | - | 120.0% | 133.3% | 133.3% |
(Ref) Previous fiscal year's | |||||
full year results (Year ended | 991,426 | (5,303) | 133,604 | 90,052 | 752.98 |
March 31st, 2021) | |||||
*Profit | attributable to | owners of parent |
2. Reason for revision
The business forecast for cumulative second quarter of the fiscal year 2021 for OCEAN NETWORK EXPRESS PTE. LTD. (hereinafter "ONE"), our equity method affiliate company that operates containership business, is expected to improve from the forecast made at the beginning of the fiscal year, due to cargo movements and spot freight rates both considerably exceeding the Company's assumptions. In addition to ONE's improved forecast, after close examination of the other businesses forecast for consolidated cumulative second quarter of the fiscal year 2021, the Company made an upward revision on revenue, ordinary income and net income attributable to owners of parent.
The business forecast for the third quarter of the fiscal year 2021 and beyond is currently under careful examination. If, as a result of the examination, it becomes necessary to disclose further information, the Company will announce as soon as possible.
(Note)The above forecasts have been prepared based on information available as of the date of announcement of this material, and actual results may differ from the forecasts due to various factors in the future.
END
[REFERENCE PURPOSE ONLY]
This document has been translated from the Japanese original for reference purposes only.
In case of any discrepancy or inconsistency between this document and the Japanese original, the latter shall prevail.
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Mitsui OSK Lines Ltd. published this content on 21 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2021 06:16:00 UTC.
