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2026/08/07 Business Performance in FY2026-1st Quarter Mitsui O.S.K. Lines , Ltd. MOL Mitsui O.S.K. Lines MOL Mitsui O.S.K. Lines 2026 Mitsui O.S.K. Lines , Ltd.
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2© 2026 Mitsui O.S.K. Lines, Ltd. 1. FY2026-1st Quarter Results [Consolidated] P.3-5 2. FY2026 Full-year Forecast [Consolidated] P.6-8 3. FY2026 Shareholder Return Policy P.9 Supplementary Reference Materials P.10-20 Contents Note 1: Fiscal Year = from April 1 to March 31 Q1 = April to June Q2 = July to September Q3 = October to December Q4 = January to March Note 2: Amounts are rounded down to the nearest 100 million yen. (In the calculation of changes from the same period of the previous fiscal year and year-on-year, there may be differences from the Financial Highlights, which are rounded down to the nearest 1 million yen.) Note 3: Net income/loss = Profit/loss attributable to owners of parent Disclaimer: The performance forecasts and management indicators stated in this material are based on the best available information. Forecasts, by their nature, are not certain, so the information should be used as a guide only, and any decisions concerning investments made under your own judgement and volition with the knowledge that actual performance may differ from the forecasts.
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3© 2026 Mitsui O.S.K. Lines, Ltd. FY2026 FY2025 (￥billion) Q1 Result (*3) Q1 Result Revenue 730.9 432.7 +298.2 Operating profit/loss 38.5 37.0 +1.4 Ordinary profit/loss 52.1 52.2 0.0 68.0 61.6 +6.4 61.0 52.8 +8.2 Exchange rate (*1) ¥159.14/$ ¥145.25/$ +¥13.89/$ Bunker price (all grades) (*1,2) $917/MT $544/MT +$373/MT (*1) Average for the period (*2) Purchase price (*3) From FY2026, the fiscal year-end of the consolidated subsidiaries with a fiscal year-end other than March 31 has been changed to March 31. Accordingly, the result for the first quarter of FY2026 includes the financial results of such consolidated subsidiaries for the 6-month period from January 1, 2026 to June 30, 2026. YoY Income/loss before income taxes Net income/loss FY2026-1st Quarter Results [Consolidated]1 -
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4© 2026 Mitsui O.S.K. Lines, Ltd. FY2026-1st Quarter Results [By segment]1 Upper Revenue (*1) Lower Ordinary profit/loss FY2026 FY2025 (￥billion) Q1 Result (*2) Q1 Result 177.1 107.1 +70.0 10.7 -3.4 +14.1 115.2 61.3 +53.9 15.0 22.0 -6.9 164.8 65.1 +99.6 8.4 7.0 +1.3 208.5 150.0 +58.4 7.0 30.7 -23.7 Containerships 31.1 22.2 +8.8 5.2 7.3 -2.1 36.3 29.1 +7.2 1.9 0.6 +1.3 Real Property Business 16.7 10.8 +5.8 4.6 1.8 +2.8 17.1 13.7 +3.3 1.2 0.5 +0.6 11.7 6.0 +5.6 1.8 1.4 +0.3 - - - 5.8 -6.8 +12.7 730.9 432.7 +298.2 52.1 52.2 0.0 (*1) Revenues from external customers. (*2) From FY2026, the fiscal year-end of the consolidated subsidiaries with a fiscal year-end other than March 31 has been changed to March 31. Accordingly, the result for the first quarter of FY2026 includes the financial results of such consolidated subsidiaries for the 6-month period from January 1, 2026 to June 30, 2026. (*3) With the establishment of Chemical Logistics Business in FY2026, "Product Tanker Business", "Chemical Tanker Business", "Methanol Tanker Business" have been excluded from Energy Business. (*4) In FY2026, Chemical Logistics Business has been established which includes "Product Tanker Business", "Chemical Tanker Business", "Methanol Tanker Business", and "Tank Terminal Business." (*5) With the establishment of Chemical Logistics Business in FY2026, "Tank Terminal Business" has been excluded from Product Transport business. Adjustment Consolidated Associated businesses Tugboats, Trading, etc. Others Product Transport Business (*5) Containerships, Car Carriers, Terminal & Logistics Wellbeing & Lifestyle Business Real Property, Ferries & Coastal RoRo Ships, Cruise Ships Chemical Logistics Business (*4) Product Tankers, Chemical Tankers, Methanol Tankers, Tank Terminals YoY Dry Bulk Business Dry Bulk Carriers (including Steaming Coal Carriers) Energy Business (*3) Crude Oil Tankers, LPG/Ammonia Carriers, Wind Power, Offshore, LNG / Ethane -
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6© 2026 Mitsui O.S.K. Lines, Ltd. FY2026 Full-year Forecast [Consolidated]2 Assumption Navigation around the Strait of Hormuz will gradually resume from October 2026 and be normalized in January 2027. [Dividend] Planning an interim dividend of ¥100 per share and a year-end dividend of ¥105 per share, making the annual total dividend ¥205 per share. FY2026 FX Rate： Bunker Price： （VLSFO） (c.f.)Sensitivity against Ordinary income ±¥ 1.7 bn/¥1/$ ±¥ 0.05 bn/$1/MT *as of April 30, 2026 (￥billion) Revenue 730.9 504.0 1,235.0 1,100.0 +135.0 995.0 940.0 +55.0 2,230.0 2,040.0 +190.0 Operating profit/loss 38.5 26.4 65.0 45.0 +20.0 70.0 60.0 +10.0 135.0 105.0 +30.0 Ordinary profit/loss 52.1 73.8 126.0 51.0 +75.0 99.0 94.0 +5.0 225.0 145.0 +80.0 Income/loss before income taxes 68.0 90.9 159.0 89.0 +70.0 121.0 111.0 +10.0 280.0 200.0 +80.0 Net income/loss 61.0 75.9 137.0 77.0 +60.0 103.0 93.0 +10.0 240.0 170.0 +70.0 Exchange rate (*1) ¥159.14/$ ¥157.04/$ ¥158.09/$ ¥151.55/$ +¥6.54/$ ¥155.00/$ ¥150.00/$ +¥5.00/$ ¥156.55/$ ¥150.77/$ +¥5.78/$ Bunker price(VLSFO) (*1,2) $903/MT $680/MT $791/MT $730/MT +$61/MT $560/MT $580/MT -$20/MT $676/MT $655/MT +$21/MT Bunker price(all grades) (*1,2) $917/MT - - - - - - - - - - (*1) Average for the period (*2) Purchase prices (*3) From FY2026, the fiscal year-end of the consolidated subsidiaries with a fiscal year-end other than March 31 has been changed to March 31. Accordingly, the forecast for FY2026 includes the financial results of such consolidated subsidiaries for the 15-month period from January 1, 2026 to March 31, 2027. VariancePrevious Forecast* 1st Half VarianceVarianceForecast1Q Result 2Q Forecast Full-year2nd Half Previous Forecast* Forecast ForecastPrevious Forecast*
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7© 2026 Mitsui O.S.K. Lines, Ltd. FY2026 Full-year Forecast [Consolidated]2 Upper Lower *as of April 30, 2026 (￥billion) 177.1 136.8 314.0 270.0 +44.0 236.0 220.0 +16.0 550.0 490.0 +60.0 10.7 7.2 18.0 7.0 +11.0 7.0 4.0 +3.0 25.0 11.0 +14.0 115.2 61.7 177.0 152.0 +25.0 153.0 148.0 +5.0 330.0 300.0 +30.0 15.0 11.9 27.0 16.0 +11.0 28.0 24.0 +4.0 55.0 40.0 +15.0 164.8 75.1 240.0 230.0 +10.0 160.0 150.0 +10.0 400.0 380.0 +20.0 8.4 4.5 13.0 2.0 +11.0 8.0 6.0 +2.0 21.0 8.0 +13.0 208.5 171.4 380.0 334.0 +46.0 330.0 306.0 +24.0 710.0 640.0 +70.0 7.0 49.9 57.0 29.0 +28.0 51.0 53.0 -2.0 108.0 82.0 +26.0 Containerships 31.1 22.8 54.0 45.0 +9.0 46.0 46.0 0.0 100.0 91.0 +9.0 5.2 38.7 44.0 5.0 +39.0 14.0 25.0 -11.0 58.0 30.0 +28.0 36.3 36.6 73.0 73.0 0.0 77.0 77.0 0.0 150.0 150.0 0.0 1.9 -1.9 0.0 -1.0 +1.0 3.0 5.0 -2.0 3.0 4.0 -1.0 Real Property Business 16.7 13.2 30.0 30.0 0.0 28.0 28.0 0.0 58.0 58.0 0.0 4.6 0.3 5.0 4.0 +1.0 7.0 7.0 0.0 12.0 11.0 +1.0 17.1 17.8 35.0 30.0 +5.0 30.0 30.0 0.0 65.0 60.0 +5.0 1.2 0.7 2.0 1.0 +1.0 1.0 1.0 0.0 3.0 2.0 +1.0 11.7 4.2 16.0 11.0 +5.0 9.0 9.0 0.0 25.0 20.0 +5.0 1.8 0.1 2.0 1.0 +1.0 1.0 1.0 0.0 3.0 2.0 +1.0 - - - - - - - - - - - 5.8 1.1 7.0 -4.0 +11.0 0.0 0.0 0.0 7.0 -4.0 +11.0 730.9 504.0 1,235.0 1,100.0 +135.0 995.0 940.0 +55.0 2,230.0 2,040.0 +190.0 52.1 73.8 126.0 51.0 +75.0 99.0 94.0 +5.0 225.0 145.0 +80.0 (*1) Revenues from external customers. (*2) From FY2026, the fiscal year-end of the consolidated subsidiaries with a fiscal year-end other than March 31 has been changed to March 31. Accordingly, the forecast for FY2026 includes the financial results of such consolidated subsidiaries for the 15-month period from January 1, 2026 to March 31, 2027. (*3) With the establishment of Chemical Logistics Business in FY2026, "Product Tanker Business", "Chemical Tanker Business", "Methanol Tanker Business" have been excluded from Energy Business. (*4) In FY2026, Chemical Logistics Business has been established which includes "Product Tanker Business", "Chemical Tanker Business", "Methanol Tanker Business", and "Tank Terminal Business." (*5) With the establishment of Chemical Logistics Business in FY2026, "Tank Terminal Business" has been excluded from Product Transport business. Dry Bulk Business Dry Bulk Carriers (including Steaming Coal Carriers) Energy Business(*3) Crude Oil Tankers, LPG/Ammonia Carriers, Wind Power, Offshore, LNG / Ethane Carriers, 1Q Result (*2) Revenue(*1) Ordinary profit/loss 2nd Half1st Half Forecast Previous Forecast* Variance2Q Forecast Forecast Previous Forecast* Variance Previous Forecast* Variance Full-year Forecast Others Adjustment Wellbeing & Lifestyle Business Real Property, Ferries & Coastal RoRo Ships, Cruise Ships Associated businesses Tugboats, Trading, etc. Chemical Logistics Business(*4) Product Tankers, Chemical Tankers, Methanol Tankers, Tank Terminals Product Transport Business(*5) Containerships, Car Carriers, Terminal & Logistics Consolidated (￥billion) 107.1 111.2 218.4 237.2 455.7 -3.4 3.5 0.1 10.7 10.8 126.5 125.6 252.1 273.6 525.7 29.7 18.0 47.7 7.8 55.5 150.0 149.6 299.7 341.8 641.5 30.2 33.3 63.5 32.4 95.9 Containerships 13.8 13.6 27.4 26.1 53.6 6.5 15.9 22.5 4.1 26.6 29.1 31.7 60.9 61.3 122.2 0.6 0.1 0.8 -3.5 -2.7 Real Property Business 10.8 12.0 22.9 25.9 48.9 1.8 1.8 3.7 3.0 6.7 13.7 14.0 27.7 30.5 58.2 0.5 0.7 1.2 2.4 3.6 6.0 4.7 10.8 10.6 21.4 1.4 0.2 1.7 2.6 4.4 - - - - - -6.9 6.2 -0.7 8.7 8.0 432.7 437.0 869.7 955.3 1,825.0 52.2 62.3 114.6 61.2 175.8 FY2025 1Q 2Q 1st Half 2nd Half Full-year Dry Bulk Business Dry Bulk Carriers (including Steaming Coal Carriers) Energy Business Tankers, Wind Power, Offshore, LNG / Ethane Carriers, Gas Infrastructure Product Transport Business Containerships, Car Carriers, Terminal & Logistics Wellbeing & Lifestyle Business Real Property, Ferries & Coastal RoRo Ships, Cruise Ships Consolidated Associated businesses Tug boats, Trading, etc. Others Adjustment
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10© 2026 Mitsui O.S.K. Lines, Ltd. (Reference) FY2026 Full-year Forecast for Profit Before Tax (￥ billion) Dry Bulk Carriers (including Steaming Coal Carriers) 27.0 Crude Oil Tankers, LPG/Ammonia Carriers, Wind Power, Offshore, LNG / Ethane Carriers, Gas Infrastructure 74.0 Product Tankers, Chemical Tankers, Methanol Tankers, Tank Terminals 22.0 Containerships, Car Carriers, Terminal & Logistics 120.0 Containerships 59.0 Real Property, Ferries & Coastal RoRo Ships, Cruise Ships 17.0 Real Property Business 24.0 Tugboats, Trading, etc. 3.0 13.0 4.0 280.0 (*1) With the establishment of Chemical Logistics Business in FY2026, "Product Tanker Business", "Chemical Tanker Business", "Methanol Tanker Business" have been excluded from Energy Business. (*2) In FY2026, Chemical Logistics Business has been established which includes "Product Tanker Business", "Chemical Tanker Business", "Methanol Tanker Business", and "Tank Terminal Business." (*3) With the establishment of Chemical Logistics Business in FY2026, "Tank Terminal Business" has been excluded from Product Transport business. Product Transport Business(*3) Wellbeing & Lifestyle Business Associated businesses Others Adjustment Consolidated Chemical Logistics Business(*2) FY2026 Forecast Dry Bulk Business Energy Business (*1) (￥ billion) Dry Bulk Carriers (including Steaming Coal Carriers) 12.2 Tankers, Wind Power, Offshore, LNG / Ethane Carriers, Gas Infrastructure 69.3 Containerships, Car Carriers, Terminal & Logistics 110.3 Containerships 38.4 Real Property, Ferries & Coastal RoRo Ships, Cruise Ships -1.0 Real Property Business 7.8 Tugboats, Trading, etc. 3.5 32.4 12.5 239.0 FY2025 Result Dry Bulk Business Energy Business Product Transport Business Wellbeing & Lifestyle Business Associated businesses Others Adjustment Consolidated
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13© 2026 Mitsui O.S.K. Lines, Ltd. (Reference) Progress of BLUE ACTION 2035 Initiatives Strategies / Materiality Actions (Press Release) ・2026-4-17_MOL Signs 1st Long-Term LNG Carrier Charter Contract with INPEX (Portfolio) ・2026-6-4 MOL to Invest in the First Offshore LNG Liquefaction Facility in the United States (Portfolio/Region) ・2026-6-18 MOL, JERA Sign Long -Term Time Charter Contract for 2 Ammonia Carriers (Portfolio) ・2026-4-20 MOL Marks Installation of Wind Challenger Hard -Sail Propulsion System on In-service Coal Carrier for J-Power (Environment) ・2026-4-22 World's First Liquefied CO2 Carrier Equipped with Wind Challenger (Hard Sail Wind-assisted Propulsion Systems) (Environment) ・2026-6-10 MOL and JAL Jointly Develop Certification and Approval Processes for Commercialization of Next- Generation Vehicle "Seaglider" (Environment) Portfolio Region Environment Safety Human Capital ・2026-5-19 MOL Group -Operated Woodchip Carrier HK DELIGHT Earns 'Best Quality Ship Award;' Marks 5 Consecutive Wins for MOL Group Vessels (Safety) ・2026-6-9_MOL Standardizes Onboard IT Infrastructure, Starting with Newbuilding Vessels - Enhancing Safe Operations and Improving Seafarer Working Conditions - (DX/Safety) ・2026-7-1 MOL, IBM Japan Jointly Develop AI Platform to Enhance Decision- Making in Vessel Operations- Strengthening Support for Safe Navigation in an Increasingly Complex Marine Environment - (DX) DX
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16© 2026 Mitsui O.S.K. Lines, Ltd. Dry Bulker Market (Spot Charter Rate) [Supplement #1] (US$/day) Full-year Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 18,600 24,800 21,700 29,300 23,400 26,400 24,000 Panamax 11,800 15,900 13,900 16,000 15,400 15,700 14,800 Supramax 10,100 15,100 12,600 15,100 12,500 13,800 13,200 Handysize 10,600 13,000 11,800 14,800 12,400 13,600 12,700 (US$/day) Full-year Apr-Jun Jul-Sep Oct-Dec Jan-Mar Capesize 39,900 36,000 38,000 36,000 24,500 30,300 34,100 Panamax 19,200 17,500 18,400 19,000 15,000 17,000 17,700 Supramax 17,300 17,000 17,200 19,000 14,500 16,800 17,000 Handysize 14,900 14,500 14,700 16,000 13,500 14,800 14,700 Notes: 1. FY2025 (Result) 2. FY2026 (Result/Forecast) Apr-Sep, 2025 Oct, 2025 - Mar, 2026Market for vessels operated by MOL and MOL Drybulk Size FY2025 1st Half 2nd Half Average 1) The general market results are shown in black. 2) The forecasts are shown in blue. These are referential charter rates for estimating P/L of free vessels that operates on spot and short-term contracts (contract period of less than two years). 3) The following Baltic Exchange Index is used for each vessel type. Capesize = 5TC Average, Panamax = 5TC Average, Supramax = 10TC Average, Handysize = 7TC Average. (For Capesize bulkers' index, "180,000 dwt class" (180 type) is used for FY2025 and "182,000 dwt class" (182 type) for FY2026) Size FY2026 1st Half 2nd Half Apr-Sep, 2026 Oct, 2026 - Mar, 2027Market for vessels operated by MOL and MOL Drybulk Average
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17© 2026 Mitsui O.S.K. Lines, Ltd. Tanker Market (Spot Earning) [Supplement #2] (US$/day) Full-year Apr-Jun Jul-Sep Oct-Dec Jan-Mar Crude Oil Tanker Arabian Gulf - Far Eas 41,400 47,800 44,600 97,400 215,800 156,600 100,600 Product Tanker (MR) Main 5 Trades 18,300 20,500 19,400 23,600 30,600 27,100 23,300 LPG Tanker (VLGC) Arabian Gulf - Japan 44,900 65,600 55,300 54,700 72,000 63,400 59,300 (US$/day) Full-year Apr-Jun Jul-Sep Oct-Dec Jan-Mar Crude Oil Tanker Arabian Gulf - Far Eas 425,400 52,000 238,700 71,000 46,000 58,500 148,600 Product Tanker (MR) Main 5 Trades 33,100 19,000 26,100 19,000 19,000 19,000 22,500 LPG Tanker (VLGC) Arabian Gulf - Japan 127,300 47,200 87,300 42,300 40,700 41,500 64,400 Note 1: The general market results are shown in black. Note 4: Product Tanker market is simple average of main 5 trades: Europe - US, US - Europe, Singapore - Australia, South Korea - Singapore, and India - Japan. 2. FY2026 (Result/Forecast) Market for vessels operated by MOL and its overseas subsidiaries 1st Half Apr-Sep, 2026 FY2026 Oct, 2026-Mar, 2027 2nd HalfTradeVessel Type Average 1st Half Apr-Sep, 2025 1. FY2025 (Result) Market for vessels operated by MOL and its overseas subsidiaries FY2025 2nd Half Oct, 2025-Mar, 2026 Vessel Type Trade Average Note 2: The forecasts are shown in blue. These are referential rate for estimating P/L of free vessels that operates on spot contracts (contract period of less than two years). In case rates have already been agreed, however, such agreed rates are reflected on P/L estimation of the relevant voyages shown on the previous sections. Note 3: VLCC Market is for Arabian Gulf - China trade.
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18© 2026 Mitsui O.S.K. Lines, Ltd. Containerized Freight Index (CCFI*) [Supplement #3] 1. FY2025 (Result) (Jan 1, 1998=1,000) 1st Half 2nd Half Full-year Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 941 861 901 797 834 815 858 U.S. East Coast 1,076 1,055 1,066 902 934 918 992 Europe 1,480 1,683 1,581 1,395 1,516 1,455 1,518 South America 693 896 794 629 538 583 689 2. FY2026 (Result) (Jan 1, 1998=1,000) 1st Half 2nd Half Full-year Average Apr-Jun Jul-Sep Oct-Dec Jan-Mar U.S. West Coast 1,005 U.S. East Coast 1,134 Europe 1,677 South America 926 *China Containerized Freight Index Trade Trade FY2025 Apr-Sep, 2025 Oct, 2025 - Mar, 2026 FY2026 Apr-Sep, 2026 Oct, 2026 - Mar, 2027
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19© 2026 Mitsui O.S.K. Lines, Ltd. Car Carrier Loading Volume [Supplement #4] 1. FY2025 (Result) (1,000 units) 1st Half 2nd Half Total Q1 Q2 Q3 Q4 Total (Includes Intra-European trade) 719 713 1,432 732 711 1,442 2,874 2. FY2026 (Result & Forecast) (1,000 units) 1st Half Total 1Q 2Q Total (Includes Intra-European trade) 714 759 1,473 2,869 *The forecasts are shown in blue. 1,396 FY2025 FY2026 2nd Half
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20© 2026 Mitsui O.S.K. Lines, Ltd. Fleet Composition and Real Properties [Supplement #5] Number of ships 31-Mar, 2026 30-Jun, 2026 31-Mar, 2027 (Forecast) Capesize 73 76 79 Panamax 18 21 17 Supramax 48 51 46 Handysize 29 28 37 (Sub total) 95 100 100 Wood chip carriers 39 39 39 Steaming coal carriers 31 33 33 Coastal vessels 28 28 29 Multi-purpose ships 38 39 39 Open-hatch vessels 56 57 51 360 372 370 (Market Exposure) 61 (-) 70 Crude oil tankers 38 38 38 LPG/Ammonia carriers 23 24 25 (Sub total) 61 62 63 (Market Exposure) 8 (-) 7 LNG carriers 103 102 111 Ethane carriers 6 7 9 LNG Bunkering vessels 3 3 3 LNG-to-Powership 1 1 1 FSU/FSRU 8 8 8 (Sub total) 121 121 132 (Market Exposure) 1 (-) 1 FPSO 11 11 10 Subsea Support vessels 3 3 3 Cargo Transfer vessels 2 2 2 Cable Layer vessels 2 2 2 Crew Transfer vessels 2 2 2 Service Operation vessels 1 2 3 Heavy-Lift vessels 0 1 1 Product tankers 19 20 18 Chemical tankers 112 114 111 Methanol tankers 19 19 19 (Sub total) 150 153 148 (Market Exposure) 112 (-) 109 Car carriers 109 109 106 Containerships 27 27 25 Ferries & Coastal RoRo ships 14 14 14 Cruise ships 3 2 2 Tugboats 53 53 53 Others 11 11 12 Total 930 947 948 Note 1: The Energy segment primarily includes equity-method affiliated companies' fleets based on the ship types and the extent of our involvement in procurement, construction, and financing. Note 2: Partial ownership of a ship is counted as one ship. Note 3: "Market Exposure"=Vessels operating under contracts less than two years, which are owned or mid/long-term chartered vessels. Note 4: Only the containerships that MOL group owns or is involved in chartering among ONE’s fleet is on the list. Please refer to ONE’s disclosure materials for their fleet composition. Note 5: Since FY2026, Product tankers, Chemical tankers, and Methanol tankers are excluded from "Energy Business" , and are included in "Chemical Logistics Business". Associated Businesses and Others Dry Bulk Business Small and medium-sized bulkers Wellbeing & Lifestyle Business Product Transport Business LNG/Ethane Carriers Gas Infrastructure Tankers Chemical Logistics Business (Sub total) Energy Business Number of buildings and area owned by DAIBIRU Number of properties (buildings) Vacancy rate(%) 31-Mar, 2026 30-Jun, 2026 30-Jun, 2026 Osaka 12 12 Osaka 1.1 Tokyo 19 19 Tokyo 0.1 Sapporo 0 0 Overseas 7 8 Total 38 39 Gross floor area(K㎡) 31-Mar, 2026 30-Jun, 2026 Osaka 332 332 Tokyo 273 273 Sapporo 0 0 Overseas 164 190 Total 769 795 Note : The number and area of the above properties are office and commercial properties (including partially owned properties), excluding residential properties. The total floor area includes only DAIBIRU's share area.