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FX.co ★ Mitsui & Co HY Profit Down; Lifts FY Profit Outlook

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typeContent_19130:::2024-11-01T07:43:00

Mitsui & Co HY Profit Down; Lifts FY Profit Outlook

Mitsui & Co., Ltd. (MITSF.PK, MITSY.PK), a multifaceted enterprise, announced a profit attributable to the parent company's owners amounting to 411.8 billion yen for the six months ending on September 30, 2024. This reflects a decline of 44.5 billion yen compared to the same timeframe in the previous year. Earnings per share fell to 138.50 yen, down from 150.62 yen recorded in the past year.

However, revenue for this period reached 7.33 trillion yen, representing an increase of 954.4 billion yen over the 6.38 trillion yen reported in the equivalent six-month span of the prior year. This growth is primarily attributed to the Energy and Chemicals divisions.

Looking forward to the fiscal year concluding on March 31, 2025, Mitsui & Co. now forecasts a profit attributable to owners of the parent to reach 920.00 billion yen, or 313.44 yen per basic share, revising its initial expectation of 900.00 billion yen.

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