Investor Presentaiton
Mitsubishi Corporation
Summary of Net Income
Food Industry Group
November 2, 2023
Mitsubishi Corporation
(Billions of Yen)
■1Q 2Q 3Q 4QH2 forecast (revised)
90.0
FY2022
H1
FY2023
Change
Remarks
63.4
64.0
H1
70.0
0.4
26.4
14.6
One-off
2.6
36.9
34.3
50.0
Net Income
excl. One-off
39.5
26.7
(12.8) Gains on sale of an affiliated company.
30.0
19.7
49.0
Total
Forecast
for FY2023
Revised
Forecast for
FY2023
Change
42.1
63.6
21.5
10.0
22.4
(10.0)
(5.1)
Progress
72.0
64.0
(8.0)
Decreased earnings in the
Overseas food business.
Remarks
Remarks
FY2022
FY2023
Gains on sale of an
FY2022 End
99% affiliated company in the
Total Assets
2,103.0
FY2023 H1
2,199.1
Change
96.1
first half.
Progress of FY2023 H1 results against the Revised Forecast
Earnings of Major Subsidiaries and Affiliates
One-off Gains/Losses
Subsidiary/
Affiliate
Company Name (Country)
Business Description
Equity
Holding
(%)
Equity in Earnings
FY2022
FY2023
H1
H1
FY2023
1Q
2Q
3Q
4Q
Total
Change
One-off Gains
Gains on sale of an affiliated company
36.9
Total
36.9
36.9
36.9
Subsidiary
Agrex do Brasil LTDA. (Brazil)
Subsidiary
Cermaq Group AS (Norway)
Subsidiary
Subsidiary
Origination and export of grains, sales of agricultural inputs,
and grain production
100.00
0.3
2.3
2.0
One-off Losses
Total
Farming, processing and sales of salmon
100.00
13.6
1.0
(12.6)
Indiana Packers Corporation (U.S.A.)
MITSUBISHI INTERNATIONAL FOOD
INGREDIENTS, INC. (U.S.A.)
Affiliate (listed) Olam Group Limited (Singapore)
Affiliate (listed) Itoham Yonekyu Holdings Inc. (Japan).
Subsidiary Japan Farm Holdings, Ltd. (Japan)
Subsidiary Toyo Reizo Co., Ltd. (Japan).
Subsidiary (listed) Nitto Fuji Flour Milling Co., Ltd. (Japan)
Affiliate (listed) KFC Holdings Japan Ltd. (Japan)
Processing and sales of pork
80.00
0.9
0.3
(0.6)
Distributing food ingredients, food additives and fine-
chemicals
100.00
1.8
1.4.
(0.4)
FY2022
Total of One-off Gains
N
1Q
2Q
3Q
1.2
1.4
Farming, procuring, processing and sales of
agriproducts
14.64
5.1
0.2
(4.9)
Total of One-off Losses
4Q
-
2.4
Total
5.0
(12.3)
(12.3)
Manufacturing and sales of meats and processed foods
Poultry/ Swine breeding, chicken processing
40.65
4.4
3.4
(1.0)
92.66
0.7
1.6
0.9
Processing and sales of marine products
95.08
3.1
(0.1)
(3.2)
Flour miller
64.85
1.1
1.1
0.0
Fast-food restaurant chain (fried chicken)
35.21
0.3
0.5
0.2
Subsidiary
Nosan Corporation (Japan)
Manufacturing and marketing of livestock feed
100.00
(0.2)
2.3
2.5
Subsidiary
Foodlink Corporation (Japan)
Sales of meat and meat products
99.42
0.7
1.7
1.0
Subsidiary
Mitsubishi Corporation Life Sciences Limited
(Japan)
Production and sales of food ingredients
100.00
3.5
3.0
(0.5)
Copyright © 2023 Mitsubishi Corporation
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