REG-Mitsui & Co Ltd  Notification Regarding Revision of Consolidated Financial Result Forecast

Mitsui & CoAnnouncement

03/08/2021 08:40

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 Notification Regarding Revision of Consolidated Financial Result Forecast

 

This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note
Programme.

Mitsui & Co., Ltd. announces to revise up its forecast of the consolidated
financial result for the year ending March 31, 2022 (from April 1, 2021 to
March 31,2022) previously announced on April 30, 2021.

1. Revision of consolidated financial result forecast (From April 1, 2021 to
March 31, 2022)
                                      Profit for the period attributable  Earnings per share attributable  
                                      
to owners of the parent            
to owners of the parent, basic  
 Previous Forecast (A)                Millions of yen                     Yen                              
                                      
                                   
277.49                          
                                      460,000                                                              
 Revised Forecast (B)                 640,000                             389.73                           
 Change (B-A)                         180,000                             112.24                           
 Rate of change (%)                   39.1%                               40.4%                            
 (Ref) Result for the precous year    335,458                             199.28                           
 
(Fiscal year ended March 31, 2021)                                                                       


2. Reasons for the revision

The forecast of the consolidated financial result has been revised due to the
upward revision by ¥160.0 billion in the Mineral & Metal Resources
Segment and ¥20.0 billion in the Energy Segment reflecting higher commodity
prices. For details, please refer to the Consolidated Financial Results for
the Three-Month Period Ended June 30, 2021 IFRS  released today.

3. Dividend forecast

Mitsui maintains the annual dividend forecast for the fiscal year ending March
31, 2022 at ¥90 per share (Interim: ¥45, Year-end: ¥45).

For further information, please contact:

Mitsui & Co., Ltd.

Investor Relations Division Tel: +81-3-3285-7657

Corporate Communications Division Tel: +81-80-5912-0321

Notice:

This announcement contains forward-looking statements. These forward-looking
statements are based on Mitsui's current assumptions, expectations and beliefs
in light of the information currently possessed by it and involve known and
unknown risks, uncertainties and other factors. Such risks, uncertainties and
other factors may cause Mitsui's actual results, financial position or cash
flows to be materially different from any future results, financial position
or cash flows expressed or implied by these forward-looking statements. These
risks, uncertainties and other factors referred to above include, but are not
limited to, those contained in Mitsui's latest Annual Securities Report and
Quarterly Securities Report, and Mitsui undertakes no obligation to publicly
update or revise any forward-looking statements. This announcement is
published in order to publicly announce specific facts stated above, and does
not constitute a solicitation of investments or any similar act inside or
outside of Japan, regarding the shares, bonds or other securities issued by
us.



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