MITSY - Mitsui & Co. Ltd. (MITSY) Q4 2024 Earnings Call Transcript
2024-05-10 13:58:10 ET
Mitsui & Co., Ltd. (MITSY)
Q4 2024 Results Conference Call
May 6, 2024 09:00 PM ET
Company Participants
Kenichi Hori - CEO
Masao Kurihara - GM, Global Controller Division
Presentation
Kenichi Hori
Good morning. I’m Kenichi Hori, CEO. Thank you for joining us today. As we enter the second year of the Medium-term Management Plan 2026, I want to touch on the results of the first year as our management policy and the progress of our business plan. Then I will hand over to Masao Kurihara, General Manager of the Global Controller division, who will speak on the results of fiscal year March 2024 and the business plan for fiscal year March 2025 in more detail.
In the current Medium-term Management Plan, or MTMP, we’ll continue to provide value through global and cross-industry business development, leveraging our strengths. Our track record in terms of business performance is as follows: both core operating cash flow, or COCF, and profit were at the JPY 1 trillion level, following from the previous fiscal year.
Although this was partially impacted by foreign exchange, commodity prices and other such factors, broadly speaking, this profit level was achieved as various initiatives, including integrated risk management, capturing upside in response to the business environment, addressing downside risk and focusing on the middle game, which leads to the improvement of our existing businesses; were executed to a certain standard....
Mitsui & Co., Ltd. (MITSY) Q4 2024 Earnings Call Transcript