Kenichi Hori
President, CEO & Representative Director

Good morning. I am Kenichi Hori, President and CEO. Thank you for joining us today. Today, after reviewing Medium-term Management Plan, MTMP 2026, I will explain Mitsui's vision under a new plan, MTMP 2029, shaping future through trust and innovation towards 2030 and beyond, as well as the strategies we will pursue to realize that vision.

For FY March 2026, both Core Operating Cash Flow, COCF and profit exceeded our latest forecast. We plan to make a full year dividend JPY 115 per share. In addition, we have completed the share repurchases announced last November of up to JPY 200 billion and have canceled those shares. The three years of MTMP 2026 were a period in which companies were tested on the ability to balance their response to changes with sustainable growth amid significant volatility in the external environment.

Even under such conditions, from FY March 2022 through FY March 2026, we achieved COCF in the JPY 1 trillion level for five consecutive fiscal years, demonstrating our robust cash generation capability. While profit in the final year of the three-year period fell short of the MTMP target, both ROE and the shareholder returns payout ratio exceeded the targets. Over the three years of MTMP 2026, we pursue the enhancement of base profit by strengthening existing businesses, efficiency improvements and turnarounds and through new businesses.

As a result of steady execution across these initiatives, base profit increased by JPY 172 billion as targeted, reinforcing the foundation that supports Mitsui's sustainable growth. Reflecting this enhancement of base profit, we plan our largest