Mitsui O.S.K. Lines (9104) Q3 2025 earnings summary

Executive summary

• FY2024 Q3 saw significant year-over-year profit growth, driven by strong containership, energy, and car carrier businesses.

• Net income for Q1–Q3 reached ¥368.1 billion, up 80.8% or ¥164.5 billion year-over-year.

• Revenue for the nine months ended December 31, 2024, rose 8.2% year-over-year to ¥1,318.6 billion.

• Ordinary profit nearly doubled year-over-year to ¥374.8 billion, driven by strong containership and energy business performance.

• Upward revision of full-year profit forecasts, with net income now expected at ¥400.0 billion.

Financial highlights

• Q1–Q3 revenue: ¥1,318.6 billion, up ¥100.0 billion year-over-year.

• Operating profit for Q1–Q3: ¥122.3 billion, up 52.7% or ¥42.1 billion year-over-year.

• Ordinary profit for Q1–Q3: ¥374.8 billion, up ¥177.6 billion year-over-year.

• Net income per share increased to ¥1,019.35 from ¥562.61 in the prior year period.

• Total assets increased to ¥4,623.3 billion, and total net assets to ¥2,604.2 billion as of December 31, 2024.

Outlook and guidance

• Full-year revenue forecast: ¥1,790.0 billion, unchanged from previous guidance.

• Net income forecast revised upward to ¥400.0 billion, a ¥50.0 billion increase from prior guidance.

• Ordinary profit forecast raised to ¥410.0 billion, up ¥45.0 billion from previous forecast.

• Operating profit forecast raised to ¥154.0 billion.

• Net income per share for the full year projected at ¥1,114.83.