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MOL MAGYAR OLAJ- ÉS GÁZIPARI NYILVÁNOSAN MUKÖDO RÉSZVÉNYTÁRSASÁG

(MOL)
  Report
End-of-day quote Budapest Stock Exchange  -  2022-12-01
2844.00 HUF   +0.28%
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MOL Concludes MoU to Revitalize Regional Industries by Utilizing Overseas Personnel in Oarai-machi, Ibaraki Prefecture

08/26/2022 | 11:43am EST

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that it has concluded a memorandum of understanding (MoU) on revitalizing regional industries in Oarai-machi, Ibaraki Prefecture, by drawing upon the capabilities of overseas personnel. At a ceremony on August 25, MOL Executive Officer Tsunemichi Mukai exchanged the memorandum with Oarai-machi Mayor Yutaka Kunii.

Oarai-machi is a calling port of MOL group companies MOL Ferry Co., Ltd. and Mitsui O.S.K. Passenger Line, Ltd and the town will cooperate with an MOL-established global human resources consulting company, MM EMPOWER CORP. (Note 1), under the theme 'Develop community together' set out in Oarai-machi's sixth comprehensive plan. In consideration of the labor shortage faced by Japan's domestic industries, MOL will support Oarai-machi in its plan to regionalize its industries and achieving ongoing growth and a multicultural society with highly skilled overseas personnel as a new driving force for regional industries.

MOL sets 'Safety & Value -Provide added value through safe transportation and our social infrastructure business-' and 'Human & Community -Contributing to the growth and development of people and communities-' as 'Sustainability Issues (Materiality)', with the aim of providing added value by creating services that meet society's needs and promoting success and co-existence not only among MOL Group employees, but also among everyone involved in MOL Group businesses. It will connect workers across borders with companies that accept them and contribute to sustainable growth and development of the nation and society.

(Note 1) MM EMPOWER CORP. is a global human resources consulting company established by MOL and Magsaysay Group in the Philippines. In response to a labor shortage in Japan's domestic industries and a diversifying society, the company offers services from thoroughly tracking the need for overseas human resources and customization and operation of local training and education programs to dispatching trained personnel and providing aftercare services with the goal of offering stress-free services from customers' viewpoints.

For details, please refer to Global HR Consulting page on MOL Service Website and the following related press releases.

October 9, 2020 press release: MOL Establishes Human Resources Consulting Company MM Empower Corp. - Joint Operations in Global HR Consulting with Long-term Partner -

May 13, 2021 press release: MOL Group Launches 1st Global HR Consulting Project - Training Filipino Plumbers for Osaka Gas Subcontractor -

[MOL Group 5 Sustainability Issues]

MOL Group will contribute to realizing a sustainable society by promoting responses to sustainability issues, which are identified as social issues that must be addressed as priorities through its business.

We anticipate this initiative to contribute especially to the realization of 'Safety & Value -Provide added value through safe transportation and our social infrastructure business-' and 'Human & Community -Contributing to the growth and development of people and communities-'.

(C) 2022 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
MITSUI O.S.K. LINES LTD -0.45% 3340 Delayed Quote.17.33%
MOL MAGYAR OLAJ- ÉS GÁZIPARI NYILVÁNOSAN MUKÖDO RÉSZVÉNYTÁRSASÁG 0.28% 2844 End-of-day quote.12.86%
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Financials
Sales 2022 9 768 B 24 984 M 24 984 M
Net income 2022 879 B 2 247 M 2 247 M
Net Debt 2022 867 B 2 218 M 2 218 M
P/E ratio 2022 2,35x
Yield 2022 9,12%
Capitalization 1 798 B 4 598 M 4 598 M
EV / Sales 2022 0,27x
EV / Sales 2023 0,25x
Nbr of Employees 24 218
Free-Float 33,5%
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Last Close Price 2 844,00 HUF
Average target price 3 314,40 HUF
Spread / Average Target 16,5%
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Managers and Directors
József Molnár Group CEO & Non-Independent Director
Zsolt Hernádi Director
József Farkas Simola Deputy Chief Financial Officer
Zoltán Sandor Áldott Chairman-Supervisory Board
Péter Ratatics Chief Operating Officer