Mitsui E&S raises FY2026 profit outlook, year-end dividend now TBD

Mitsui E&S Co., Ltd. announced a revision to its year-end dividend forecast for the fiscal year ending March 31, 2026, changing it from a previously projected 15.00 yen to "to be determined" (TBD). This revision follows an upward adjustment of the company's full-year consolidated financial results forecast for the same period.

The revised forecast for FY2026 shows operating income increasing to 30.0 bn yen (up from 24.0 bn yen), ordinary income to 31.0 bn yen (up from 23.0 bn yen), and profit attributable to owners of parent to 26.0 bn yen (up from 20.0 bn yen). Net sales remain unchanged at 340.0 bn yen. This positive outlook is primarily driven by strong performance in the Marine Propulsion Systems and Logistics Systems segments, which benefited from profitable projects, cost reductions, and robust after-sales service.

The company's basic policy is to enhance shareholder returns while balancing investments in equipment, R&D, and strengthening its financial base. The previous annual dividend forecast of 30.00 yen per share (with a 15.00 yen interim dividend) was based on a 15% payout ratio, but the upward revision in profit forecasts prompted the change to TBD for the year-end dividend, with an increase anticipated.