Mitsui Matsushima Holdings <1518> announced on the 5th that it has revised its consolidated financial estimates for the fiscal year ending March 2025.
The consolidated financial estimate for the fiscal year ending March 2025 is now expected to be a revenue of 60 billion yen, an increase of 7.1% from the previous estimate, an operating profit of 6 billion yen, an increase of 22.4% from the previous estimate, a recurring profit of 5.9 billion yen, an increase of 22.9% from the previous estimate, a net income attributable to parent company shareholders of 6 billion yen, an increase of 2.14 times from the previous estimate, and a net income per share of 503.32 yen, which has been upwardly revised.
The reason for the revision is due to the acquisition (subsidiarization) of MRF's stock and transfer of rights to Liddell coal mine in Australia. As a result of the review of the consolidated financial estimates, it is expected that the revenue, operating profit, recurring profit and net income attributable to parent company shareholders will exceed the previous estimates (announced on May 13, 2024). However, the expected profit increase from the transfer of rights to Liddell coal mine is conditional on obtaining permission and approval from the Australian authorities, which is expected to take about six months. The company assumes that the prerequisite conditions for obtaining permission and approval for the transfer will be satisfied during the fiscal year ending March 2025, and will record a special profit of approximately AUD 27 million (approximately JPY 2.7 billion) in the fiscal year ending March 2025.