Mitsui O.S.K. Lines (9104) Investor presentation summary

Strategic vision and phase 2 positioning

• Aims to become a global social infrastructure company by 2035, expanding beyond ocean transportation into broader infrastructure fields.

• Phase 2 (FY2026–2030) focuses on value realization, leveraging a diversified business portfolio, global reach, and decarbonization leadership.

• Key strategic themes: enhancing earning power, balanced capital allocation, and strengthening the management foundation.

Financial targets and capital allocation

• Profit before tax target of ¥420 billion and ROA of 5.5% by FY2030, with a focus on non-containership business growth.

• Progressive dividends starting at ¥205 per share from FY2026 and flexible share buybacks, aiming for a 40% total payout ratio.

• Asset replacement and disciplined investment to limit external financing, with a cumulative investment plan of ¥2.88 trillion for FY2026–2030.

Portfolio and business strategy

• Business portfolio structured into market-driven, hybrid, and stable revenue segments to balance volatility and resilience.

• Expansion across LNG, chemical logistics, and real property, with a focus on cross-business and cross-regional synergies.

• Regional strategies prioritize growth in Asia, Middle East, Africa, and Latin America, leveraging local talent and partnerships.