Financial Strategy
Driving Sustainable Growth and Corporate Value through Strategic Investment and Enhanced Shareholder Returns
"MITSUI E&S Rolling Vision" is a mid-term business plan designed to depict continuous growth, with targets updated in a rolling approach of planning for the next three years.
In May 2026, based on the financial results for fiscal year 2025 and changes in the business environment, we formulated "MITSUI E&S Rolling Vision 2026," which rolls forward our functional strategies (finance and human resources) and business strategies toward 2028.
To achieve sustainable growth toward our group's vision for 2030, we will continue necessary business investments, implement appropriate dividend policies to return profits to shareholders, and strive to enhance corporate value while balancing shareholder equity costs and debt costs.
Numerical Targets of MITSUI E&S Rolling Vision 2026
RV26 sets higher targets than RV25 and aims to further enhance corporate value.
Performance trends (consolidated)
| FY2025 | FY2026 | FY2027 | FY2028 | |
|---|---|---|---|---|
| Net Sales (Billions of Yen) | 353 | 370 | 410 | 440 |
| Operating Income Ratio | 10.7% | 8.6% | 9.3% | 9.5% |
| Equity Ratio | 46.3% | 48% | 48% | 50% |
Performance indicators
| FY2025 | FY2026 | FY2027 | FY2028 | |
|---|---|---|---|---|
| ROIC *1 | 16% | 10% | 10% | 10% |
| WACC *2 | 9% | - | - | - |
| ROE | 19% | 12% | 12% | 12% |
| Dividend payout ratio | 15% | 20% | 25% | 30% |
*1 ROIC=(Operating income – Total taxes) / (Average Shareholder’s equity and Interest-bearing debt at the end of the previous period
*2 WACC is calculated based on the stock price at the end of March 2026 (5,577 yen)
Cash Flow Allocation
The approx. 100 billion yen in cash will be allocated as follows: 70% for growth and development investments, and 30% for shareholder returns and strengthening the financial base.
RV2026 Focus Areas
In order to achieve our vision, we will further strengthen our core businesses and expand new businesses.
Dividend Payout Ratio
We will continue to achieve sustainable growth and enhance corporate value, while delivering stable shareholder returns
| FYE Mar.2025 | FYE Mar.2026 | FYE Mar.2027 | FYE Mar.2028 | FYE Mar.2029 | |
|---|---|---|---|---|---|
| Dividend payout ratio (consolidated) | 5.2% | 15% | 20% | 25% | 30% |
| Dividend per share (Yen) | 20 | 57 | 60 |