Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

June 21, 2024
Company name:Name of representative:

Inquiries:

MITSUI E&S Co., Ltd.
Takeyuki Takahashi, President,
Representative Director, and CEO(Securities code: 7003, TSE Prime Market)
Kazuo Hayashi, General Manager ofAccounting Dept.
(TEL: +81-3-3544-3210)(Corrections / Corrections of Numerical Data) Notice Concerning Partial Correction to“Consolidated Financial Results for the Fiscal Year Ended March 31, 2024
(Under Japanese GAAP)”
MITSUI E&S Co., Ltd. (the “Company”) hereby announces that there have been corrections made to the abovementioned disclosure material released on May 14, 2024. As numerical data has also been corrected, the correctednumerical data is also sent.
1.

Reason for Corrections

After the announce of “Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (Under JapaneseGAAP),” it was discovered that there were partial errors in (2) Consolidated Statements of Operations andComprehensive Income and (5) Notes to Consolidated Financial Statements in “3. Consolidated Financial Statements andMajor Notes.” Hence the Company has corrected the submitted financial results.
Total comprehensive income and other financial statements are unaffected by the corrections because this was due to theincorrect classification within the other comprehensive income.
2.

Details of Corrections

Corrected parts are underlined.

1

-p.113. Consolidated Financial Statements and Major Notes(2) Consolidated Statements of Operations and Comprehensive Income
Consolidated Statements of Comprehensive Income[Before Correction](Millions of yen)
April 1, 2022 toMarch 31, 2023
ProfitApril 1, 2023 toMarch 31, 2024

15,61925,327Net unrealized holding gains (losses) on securities

(571)

1,211

Unrealized losses on hedging derivatives

(847)

(975)

Foreign currency translation adjustments

2,463

1,024

Remeasurements of defined benefit plans(1,110)4,308

21,920(471)21,853

5,097

37,47330,42537,40030,12072304

Other comprehensive income

Share of other comprehensive income of affiliates accounted
for using equity method
Total
Comprehensive income
Comprehensive income attributable to
Owners of parent
Non-controlling interests[After Correction](Millions of yen)
April 1, 2022 toMarch 31, 2023
ProfitApril 1, 2023 toMarch 31, 2024

15,61925,327Net unrealized holding gains (losses) on securities

(571)

1,211

Unrealized losses on hedging derivatives

(847)

(7)

Foreign currency translation adjustments

2,463

3,337

Remeasurements of defined benefit plans(1,110)4,339

21,920(3,782)

21,853

5,097

37,47330,42537,40030,12072304

Other comprehensive income

Share of other comprehensive income of affiliates accounted
for using equity method
Total
Comprehensive income
Comprehensive income attributable toOwners of parent
Non-controlling interests2

-p.203. Consolidated Financial Statements and Major Notes(5) Notes to Consolidated Financial Statements(Segment Information, etc.)
4. Information about sales, segment income and loss, assets, liabilities and other items for each reportable segment[Before Correction](From April 1, 2023 to March 31, 2024)(Millions of Yen)
MarineNew Business
Propulsion
Development
Systems

Logistics
Systems

PeripheralBusinesses

OceanDevelopment

Sub total

1,368878-7,821

Others

Total

Adjustments Consolidated

Other Items:
Increase inproperty, plantand equipment

356

5,218

125

7,947

790

8,737

and intangible
assets[After Correction](From April 1, 2023 to March 31, 2024)(Millions of Yen)
MarineNew Business
Propulsion
Development
Systems

Logistics
Systems

Peripheral
Businesses

OceanDevelopment

Sub total

1,368

878

-8,399Others

Total

Adjustments Consolidated

Other Items:
Increase inproperty, plantand equipment

356

5,796

and intangible
assets

3125

8,525

790

9,315