Notice Concerning the Formulation of "MITSUI E&S Rolling Vision 2024"

MITSUI E&S Group (the "Group") has already achieved the final targets of "Mid-Term Business Plan 2023," which were announced in May 2022, in the previous fiscal year ended March 31, 2024, significantly ahead of the original schedule. With that fact, MITSUI E&S Co., Ltd. (the "Company") hereby announces that the Group has formulated its brand-new mid-term business plan, "MITSUI E&S Rolling Vision 2024."

1.Background of the Formulation of MITSUI E&S Rolling Vision 2024
The Group has completed its Business Revival Plan and is making steady progress toward healthier financial structure and better profitability, and the Group's business foundation has improved significantly since the time of the formulation of the Mid-Term Business Plan 2023.

On the other hand, the business environment surrounding the Company is changing significantly and rapidly such as foreign exchange rates and market conditions. In order to strengthen our business foundation and in light of the rapidly changing business environment, the Group has formulated MITSUI E&S Rolling Vision 2024 as a rolling method that depicts the Group's continuous growth and will be constantly updated rather than fixed for the next three years. Under this plan, the Group will seek to realize the continuous growth and increase corporate value, responding flexibly to changes in the environment.

2. Overview of MITSUI E&S Rolling Vision 2024

Aiming for： ROIC ^*1 > WACC ^*2 (targets: ROIC > 8%, ROE > 10%, and PBR ^*3 > 1.0)
^*1 ROIC: Return On Invested Capital, ^*2 WACC: Weighted Average Cost of Capital, ^*3 PBR: Price-to-Book Ratio

The Group will strive to increase corporate value by shifting to Cost of Equity and Cost of Debt Conscious Management from operating income ratio conscious management, aiming for ROIC over WACC.
For details, please refer to "MITSUI E&S Rolling Vision 2024."
MITSUI E&S Rolling Vision 2024(PDF 908KB)