Mitsui O.S.K. Lines
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Mitsui O.S.K. Lines (9104) investor relations material

Mitsui O.S.K. Lines Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary30 Jan, 2026

Executive summary

  • Consolidated revenue for FY2025 Q1–Q3 was ¥1,345.4 billion, up 2.0% year-over-year, but net income fell sharply to ¥180.5 billion, down 51.2% from the previous year.

  • Operating profit for Q1–Q3 was ¥102.7 billion, down 16.2% year-over-year, and ordinary profit dropped 57.1% to ¥161.4 billion.

  • Profitability declined mainly due to a significant drop in the containership and dry bulk businesses.

  • The company revised its full-year outlook upward, now expecting revenue of ¥1,830.0 billion and net income of ¥200.0 billion.

Financial highlights

  • Net income per share for Q3 FY2025 was ¥524.36, nearly flat year-over-year.

  • Total assets increased to ¥5,616.7 billion, and total net assets rose to ¥2,735.9 billion as of December 31, 2025.

  • Shareholders' equity ratio declined to 48.1% from 53.9% at the previous fiscal year-end.

  • Depreciation and amortization for the nine months ended December 31, 2025, rose to ¥118.6 billion from ¥88.7 billion year-over-year.

  • Interest-bearing debt increased by ¥543.9 billion to ¥2,390.7 billion as of December 31, 2025.

Outlook and guidance

  • Full-year revenue forecast revised upward to ¥1,830.0 billion, with net income expected at ¥200.0 billion, up ¥20.0 billion from the previous forecast.

  • Upward revision driven by firm energy and vehicle transport businesses, while Wellbeing & Lifestyle Business expects a decrease.

  • Year-end dividend maintained at ¥115 per share, total annual dividend at ¥200 per share.

  • Exchange rate assumptions for FY2025 are ¥148.94/US$, and bunker price assumptions are US$420/MT for HSFO and US$500/MT for VLSFO.

Goodwill increase impact on future profitability
What is the outlook for Containerships' profit recovery?
Which segments drive the revised FY2025 profit forecast?
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Q4 202630 Apr, 2026
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Frequently asked questions

Mitsui O.S.K. Lines Ltd. (MOL) is a global marine logistics company with a diverse fleet that includes dry bulkers, tankers, LNG carriers, containerships, ferries & coastal RoRo ships, and cruise ships. The company's operations are extensive, with its dry bulkers handling a wide range of cargo such as iron ore, coal, grains, wood, wood chips, cement, fertilizer, and salt. Its tankers are responsible for the transportation of crude oil and refined petroleum products, while its LNG carriers manage the transport of liquefied natural gas. Beyond these, MOL offers services in transporting coal for electric power companies in Japan, and its diversified operations also encompass the transport of electric products, automotive parts, clothes, furniture, food products, and automobiles. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.

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