TOKYO, May 14 (Pulse News Wire) – Mitsui E&S CO.,LTD. (7003.T) reported significant changes in its individual and consolidated financial results for the fiscal year ending March 2026.
In the consolidated financials, the company recorded extraordinary income from equity-method investments amounting to ¥7.500 billion. On the individual side, it recognized a special loss due to impairment of related company shares held in Mesco Denmark A/S, totaling ¥7.200 billion. The company's revenue increased by ¥14.35 billion compared to the previous fiscal year, marking a growth rate of 7.4%. Operating profit surged by 79.3%, while ordinary profit grew by 47.9%. However, net profit declined by 45.0% due to the aforementioned impairment losses and higher gains from related company share sales in the prior period exceeding ¥40.00 billion.
The increase in revenue was driven by higher sales of marine large engines and dual-fuel engines, along with the successful progress of large-scale container crane projects. Improved profitability across various operations contributed to the rise in operating and ordinary profits. The decline in net profit was primarily attributed to the impairment charges and lower exceptional gains from related company share disposals in the preceding year. --- In addition to these financial adjustments, the company noted methodological changes in reporting figures for the fiscal year 2025, which have been reflected accordingly. These changes pertain exclusively to transactions with subsidiary companies and do not affect the consolidated financial statements.
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