Slides
Page 1
August 3, 2026 Consolidated Financial Results for 1st Quarter of Fiscal Year Ending March 31,2027 Note: This document has been translated from Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Page 2
Highlights 2 1st Quarter of FYE Mar. 2027 Results New Orders 105.0 Billion yen （ YoY ） Net Sales 91.7 Billion yen （ YoY ） Operating Income 10.2 Billion yen （ YoY ） FYE Mar. 2027 Forecast ◆ New Orders 370 Billion yen (compared to May 14, 2026 ) ◆ Net Sales 370 Billion yen (compared to May 14, 2026 ) ◆ Operating Income 34 Billion yen (compared to May 14, 2026 ) Topics Order Received for Environmentally Friendly Rubber-Tired Gantry Cranes for the Latin American Market Completion of Japan’s First WinGD Methanol Dual-Fuel Engine ※ Despite Uncertainty in the Global Economic Outlook, Orders Received, Net Sales, and Operating Profit All Increased Year on Year, Delivering a Strong Start
Page 3
Summary of Results 3 Var.FYE Mar. 2027 1Q FYE Mar. 2026 1Q +16.2105.088.8New Orders +10.691.781.2Net Sales +1.310.28.9Operating Income -11.1%11.0%Margin +1.511.710.1Ordinary Income -12.7%12.5%Margin +0.98.27.2Profit attributable to owners of parent 155.63 Yen146.21 YenUSD/JPY (JPY: Billion) ＜Average Sales Exchange Rate＞ ※ Orders received increased, supported by a favorable business environment. Net sales and profit increased as the substantial backlog of projects progressed steadily.
Page 4
4 Results Summary by Segment （JPY: Billion） Operating IncomeNet SalesNew Orders Var.FYE Mar. 2027 1Q FYE Mar. 2026 1Q Var.FYE Mar. 2027 1Q FYE Mar. 2026 1Q Var.FYE Mar. 2027 1Q FYE Mar. 2026 1Q +1.02.11.0+3.411.58.1+0.810.09.2New Business Development (0.3)3.84.1+2.640.638.0+25.867.141.3 Marine Propulsion Systems +0.13.12.9+1.317.215.9(9.6)11.420.9Logistics Systems +0.71.60.9+3.322.419.1(0.9)16.417.3Peripheral Businesses (0.3)(0.4)0.0(0.0)0.00.0(0.0)0.00.1Others +1.310.28.9+10.691.781.2+16.2105.088.8Total ※ ・Orders received increased, driven by the steady accumulation of projects in the Marine Propulsion Systems segment. ・Net sales expanded as projects progressed as scheduled across all segments. ・Operating profit increased, supported by the solid performance of the Growth Business Promotion and Peripheral Businesses segments.
Page 5
Summary of Cash Flow 5 Var.FYE Mar. 2027 1Q FYE Mar. 2026 1Q In FY2025 1Q, operating cash flow was positive, supported by the collection of crane-related accounts receivable and an increase in advances received associated with marine engine orders. In FY2026 1Q, operating cash flow was slightly negative, mainly because accounts receivable collection had progressed significantly in the previous fiscal year. (15.9)(1.4)14.5Operating CF Capital expenditures of FY2026 1Q were made primarily for the expansion of ammonia fuel supply facilities and other investments. (6.3)(0.9)5.5Investing CF (22.2)(2.2)20.0Free CF Cash outflows of FY2026 1Q were mainly attributable to the repayment of interest-bearing debt and dividend payments. (13.7)(16.8)(3.1)Financial CF （JPY：Billion） ※ Operating cash flow was slightly negative in the first quarter of FY2026, mainly because accounts receivable had already been collected in the previous fiscal year.
Page 6
Summary of FYE Mar. 2027 Forecast 6 Var.Revised Forecast （Aug. 3, 2026） Previous Forecast （May. 14, 2026） 0370.0370.0New Orders 0370.0370.0Net Sales +2.034.032.0Operating Income +2.039.037.0Ordinary Income +1.031.030.0Profit attributable to owners +2.08.06.0Free CF 095.095.0Debt with interest （JPY: Billion） ※ Exchange rate assumption: USD/JPY:158 ※ The USD/JPY exchange rate fluctuation has almost no impact on Operating Income. ※ As geopolitical risks in the Middle East have remained within the scope of our initial assumptions and following a reassessment of their expected impact, the operating profit forecast has been revised upward.
Page 7
Summary of FYE Mar. 2027 Forecast by Segment 7 （JPY：Billion） Operating IncomeNet SalesNew Orders Var. Revised Forecast Aug. 3, 2026 Previous Forecast May. 14, 2026 Var. Revised Forecast Aug. 3, 2026 Previous Forecast May. 14, 2026 Var. Revised Forecast Aug. 3, 2026 Previous Forecast May. 14, 2026 +0.58.08.0045.045.0045.045.0New Business Development +2.512.012.00160.0160.00170.0170.0 Marine Propulsion Systems +2.010.08.0070.070.0065.065.0Logistics Systems (1.0)4.04.0095.095.0090.090.0Peripheral Businesses 00.00.000.00.000.00.0Others +2.034.032.00370.0370.00370.0370.0Total ※ Following a detailed review of procurement risks and potential cost increases arising from the deterioration of the situation in the Middle East, the operating profit forecast has been revised upward, reflecting expected improvements in the Logistics Systems segment.
Page 8
FYE Mar. 2027 Forecast Progress 8 ※ Orders received and net sales progressed largely in line with the plan, while operating profit achieved a high progress rate due to the recognition of sales from high-margin projects in the first quarter. 105.0 88.8 370.0 315.8 0 50 100 150 200 250 300 350 400 FYE Mar. 2027 FYE Mar. 2026 Progress : 28% FYE Mar. 2027 1Q: The Marine Propulsion Systems segment got off to a strong start by securing, as planned, orders for projects carried over from FY2025. Although progress in the Logistics Systems segment was relatively slow, it maintains a substantial pipeline of opportunities under negotiation. Overall, performance progressed largely in line with the plan. FYE Mar. 2027 1Q: In the Marine Propulsion Systems segment, deliveries of dual-fuel engines progressed steadily, while in the Logistics Systems segment, large-scale overseas projects advanced steadily. As a result, overall performance progressed largely in line with the plan. FYE Mar. 2027 1Q: Overall, a high progress rate was achieved due to the recognition in the first quarter of sales from high-margin projects, including large-scale overseas projects in the Logistics Systems segment and projects with favorable construction margins in the Peripheral Businesses segment. Progress : 28% 91.7 81.2 370.0 353.2 0 50 100 150 200 250 300 350 400 FYE Mar. 2027 FYE Mar. 2026 Progress : 25% Progress : 23% 10.2 8.9 34.0 37.6 0 5 10 15 20 25 30 35 40 FYE Mar. 2027 FYE Mar. 2026 1st Quarter Full FY Progress : 30% Progress : 24% Revised Upward 32.0 Net Sales New Orders Operating Income （JPY: Billion） （JPY: Billion） （JPY: Billion）
Page 9
Order Received for Environmentally Friendly Rubber-Tired Gantry Cranes for the Latin American Market 9 ※ Secured an Order for Five Rubber-Tired Gantry Cranes for Argentina in the Expanding Latin American Market Accelerate business expansion from North America through the provision of products that combine superior environmental performance and quality totalRecent ordersIn OperationTrack Record in Latin America 6－6Ship to Shore Gantry Crane 53548Rubber-Tired Gantry Crane 59554total Customer: Exolgan S.A. (“Exolgan”) ・Operates a major container terminal at the Port of Dock Sud, located near Buenos Aires, Argentina. ・ Handles approximately 40% of all container cargo moving through the Buenos Aires port area. ・Actively pursuing decarbonization initiatives. Product: Environmentally Friendly Model ・The first near-zero-emission model in South America ・Capable of reducing CO₂ emissions by up to 70% compared with conventional diesel-powered models ※ Track Record in Latin America （unit）
Page 10
Completion of Japan’s First WinGD Methanol Dual-Fuel Engine 10 ＜Achievements＞ ・Mitsui E&S DU, a Group company, completed the Factory Acceptance test of the “DU-WinGD 6X82DF-M-1.0 LP-SCR,” the first methanol dual-fuel engine in Japan among WinGD large marine engines. ・This engine is also the first WinGD large marine engine manufactured at MITSUI E&S Tamano Works. ＜Background＞ ・Increasing demand for marine engines driven by the government's “Shipbuilding Industry Revitalization Roadmap” ・MITSUI E&S and Mitsui E&S DU enhancing production efficiency of large marine engines through the integrated operation at MITSUI E&S Tamano and Mitsui E&S DU Aioi ＜Strengths of the MITSUI E&S Group＞ ・A longstanding and trusted relationship between the MITSUI E&S Group and world-leading licensors Everllence and WinGD ・ Diverse Next-Generation Fuel Supply Facilities at the MITSUI E&S Tamano Works ・ Japan’s Largest Production Capacity for Large Marine Engines within the MITSUI E&S Group ※ Completion of the Factory Acceptance Test of Japan’s First WinGD Methanol Dual-Fuel Engine The First WinGD Engine Manufactured at the Tamano Works An Important Milestone Demonstrating the Advancement of the MITSUI E&S Group’s Marine Engine Production System to a New Stage
Page 11
Appendix）Summary of Income Statement 11 （JPY: Billion） ※ Significant Growth in Net Sales Drove Overall Business Expansion Var.FYE Mar. 2027 1Q FYE Mar. 2026 1Q Strong project backlog progressed steadily+10.691.781.2Net sales Increased in line with net sales growth+2.518.616.1Gross profit +1.28.57.2Selling, general and administrative expenses +1.310.28.9Operating income (0.2)2.32.1Non-operating income (0.0)0.80.8Non-operating expenses +1.511.710.1Ordinary income (0.2)0.10.3Extraordinary income (0.0)0.00.1Extraordinary losses +1.311.710.4Profit before income taxes +0.33.53.2Income taxes +0.10.10.0Profit attributable to non-controlling interests +0.98.27.2Profit attributable to owners of parent 11
Page 12
Appendix） Summary of Balance Sheet 12 Var.FYE Mar. 2027 1Q FYE Mar. 2026 (30.3)464.3494.6Total assets Decrease mainly due to the repayment of interest-bearing debt(18.8)38.357.1（Cash and time deposits） +0.796.095.3（Notes and accounts receivables - trade, and contract assets etc.） (0.5)77.377.9（Inventory） (0.8)121.3122.0（Fixed Assets） Decrease mainly due to a decline in share prices(13.7)41.355.0(Investment securities) (25.1)235.6260.7Total liabilities (2.7)48.851.5（Trade payables etc.） Increase in advances received mainly associated with orders for marine engines+4.147.042.9（Contract liabilities） Decrease mainly due to the repayment of short-term borrowings(12.2)80.592.7（Debt with interest） (12.1)43.255.3Short-term borrowings (0.1)37.437.4Long-term borrowings (5.2)228.6233.8Total net assets Increase driven by net profit for the period.+4.1154.3150.1（Shareholders’ equity） Decrease in valuation difference on securities mainly due to a decline in share prices, partially offset by an increase in retained earnings (5.2)223.9229.1（Equity） -48.2%46.3%（Equity capital ratio） +5.776.971.2Working capital (*) -0.40.4D/E ratio （JPY：Billion） (*) Trade receivables(except Advances from customers) + Inventory - Trade payables ※ Equity Ratio Improved Through the Accumulation of Profits
Page 13
Appendix） Marine Engines 13 FYE Mar. 2027 ForecastFYE Mar. 2027 1QFYE Mar. 2026 1Q Horse Power (10Kps) Unit Horse Power (10Kps) UnitHorse Power (10Kps)Unit ーー131697337New Orders ーー76378036Deliveries ーー398160410155Backlog 29213870337535Production ※ FY2026 Production Forecast Increased Through Lead Time Reductio
Page 14
In this document, performance forecasts, targets, plans, strategies, etc. of the Company in regard to the future contain forward-looking statements. These are forecasts that the Company reasonably determined based on information available at the present time and include both known and unknown risks and uncertainties. Accordingly, actual results or developments of our company in the future could differ significantly.