MITSUI SOKO : Financial Results Briefing for the Three Months Ended June 30, 2023 (FY2024)

Q1 FY2024

Financial Results Br iefing

MITSUI-SOKO HOLDINGS Co., Ltd.（Securities code：9302）

August 8, 2023

C o n t e n t s

• Executive Summary

• Q1 FY2024 Financial Results
• FY2024 Results Forecast
• Shareholder Returns/Endeavor to Enhance Corporate Value
• Appendix.1 Detailed Financial Data
• Appendix.2 Company Profile

1

Executive Summary

Decrease in Operating Revenue and Operating Profit due to a reactionary

Q1 FY2024	drop in special factors in FY2023 and lower ocean and air freight rates
(3 months)	Operating Revenue	¥66.0 billion	YoY	-16.0%
Results
Operating Profit	¥6.2 billion	YoY	-9.2％

		Despite of a decrease in Operating Revenue due to a larger than expected decline in ocean
	FY2024	and air freight rates compared with the previous forecast, Operating Profit has been
	revised upwards due to an improved profit margin resulting from the control of freight
	(Full-year)
	costs for purchases
	Forecast	Operating Revenue	¥	273.0	billion	vs. Previous Forecast	%
						-2.5
		Operating Profit		¥	21.5	billion	vs. Previous Forecast	％
						+7.5

Shareholder

Returns

Reflect upward revision of full-year results forecast in year-end dividend forecast and increased dividend

Interim dividend	67 yen（Forecast）
Year-end dividend	75 yen（Forecast） vs. Previous Forecast	+8 yen
Annual dividend	142 yen（Forecast）	Expected Payout Ratio	30.0
	%

2

	▶	Q1 FY2024 Financial Results
		• Summary of Q1 FY2024 Financial Results
		• Business Results by Segment
		• Main Changes in Operating Profit
		•	Cash Flow Status
C o n t e n t s		•	Balance Sheet Status
	FY2024 Results Forecast
		Shareholder Returns/Endeavor to Enhance Corporate Value
		Appendix.1 Detailed Financial Data
		Appendix.2 Company Profile

3

Summary of Q1 FY2024 Financial Results

• Despite of a decrease in operating revenue and operating profit mainly due to lower ocean and air freight rates, the operating profit margin improved as a result of cost control efforts

• Decrease in net income for Q1 FY2024 due to a reactionary decline in extraordinary gains in

the previous fiscal year

(Unit: 100 mil. yen)

Total Consolidated	Q1 FY2023
(3 months)
Operating Revenue	786
Operating Profit	68
Operating profit margin	8.6%
Ordinary Profit	71
Profit attributed to	48
owners of parent

Q1 FY2024 (3 months)

660

62

9.3%

65

38

Change Change(%)

-126-16.0%

-6-9.2%

＋0.7pt ―

-6-8.6%

-10-20.8%

4