Consolidated Financial Results for the Three-Month Period Ended June 30, 2024 [IFRS]Tokyo, August 1, 2024 - Mitsui & Co., Ltd. announced its consolidated financial results for the three-month period ended June 30,
2024, based on IFRS Accounting Standards (“IFRS”).
Mitsui & Co., Ltd. and subsidiaries(Web Site: https://www.mitsui.com/jp/en/)President and Chief Executive Officer: Kenichi Hori
Investor Relations Contacts: Hideaki Konishi, Investor Relations Division TEL 81-3-3285-1111
1. Consolidated Financial Results(1) Consolidated Operating Results Information for the Three-Month Period Ended June 30, 2024
(from April 1, 2024 to June 30, 2024)
Three-month period ended June 30,
2024

2023
%

%

Revenue

Mn JPY

3,839,914

21.9

3,149,131(15.4)

Profit before income taxes

Mn JPY

347,686

11.5

311,814(10.4)

Profit for the period

Mn JPY

282,3519.2

258,659(10.3)

Profit for the period attributable to owners of the parent

Mn JPY276,1109.2

252,850(8.1)

Comprehensive income for the period

Mn JPY

601,576(1.4)

610,085

82.6

Earnings per share attributable to owners of the parent, basic

JPY

92.43

83.22

Earnings per share attributable to owners of the parent, diluted

JPY

92.37

83.17

Note: 1. Percentage figures for revenue, profit before income taxes, profit for the period, profit for the period attributable to owners of
the parent, and comprehensive income for the period represent changes from the previous year.
2. On July 1, 2024, the Company conducted a 2-for-1share split. “Earnings per share attributable to owners of the parent, basic”
and “Earnings per share attributable to owners of the parent, diluted” are calculated under the assumption that the share split
occurred at the beginning of the previous fiscal year.
(2) Consolidated Financial Position Information
June 30, 2024

March 31, 2024

Total assets

Mn JPY

17,979,909

16,899,502

Total equity

Mn JPY

8,156,838

7,769,943

Total equity attributable to owners of the parent

Mn JPY

7,921,804

7,541,848

Equity attributable to owners of the parent ratio

%

44.1

44.6

2. Dividend Information
Year ended March 31,2025

Year ending March
31, 2025 (forecast)

2024

Interim dividend per share

JPY

85

50

Year-end dividend per share

JPY

85

50

Full-year dividend per share

JPY

170

100

Note: 1. Change from the latest released dividend forecast: None
2. On July 1, 2024, the Company conducted a 2-for-1 share split. Dividend information for the year ended March 31, 2024 isbased on the number of shares before the share split. For the year ending March 31, 2025 (forecast), the full-year dividend pershare was 200 yen based on the number of shares before the share split, however it is 100 yen based on the number of shares
after the share split.
3. Forecast of Consolidated Operating Results for the Year Ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Year ending
March 31, 2025
Profit attributable to owners of the parent

Mn JPY

900,000

JPY

304.28

Earnings per share attributable to owners of the parent, basic

Note: 1. Change from the latest released earnings forecast: None
2. On July 1, 2024, the Company conducted a 2-for-1 share split. “Earnings per share attributable to owners of the parent, basic”
included in the forecast of consolidated operating results is calculated based on the average number of shares after the share
split.
4. Others(1) Significant Changes in the Scope of Consolidation during the Period: None
(2) Changes in Accounting Policies and Accounting Estimates:(i) Changes in accounting policies required by IFRS
Yes(ii) Other changes(iii) Changes in accounting estimates

None
None

Note: For further details, please refer to page 20 “3. Condensed Consolidated Financial Statements (7) Changes in Accounting
Policies.”(3) Number of Shares Outstanding (Common Stock)June 30, 2024
Number of shares (including treasury stock)
Number of treasury stock

March 31, 2024

3,027,386,972

3,027,178,336

52,100,660

32,478,250

Three-month period ended Three-month period ended
June 30, 2024
June 30, 2023
Average number of shares

2,987,301,860

3,038,435,006

Note: On July 1, 2024, the Company conducted a 2-for-1 share split. Number of shares outstanding (common stock) is calculated under
the assumption that the share split occurred at the beginning of the previous fiscal year.
Review of the Japanese-language originals of the attached condensed consolidated financial statements by certified public accountants
or an audit firm: None
A cautionary note on forward-looking statements:
This report contains forward-looking statements including those concerning future performance of Mitsui & Co., Ltd. (“Mitsui”), andthose statements are based on Mitsui’s current assumptions, expectations and beliefs in light of the information currently possessed byit. Various factors may cause Mitsui’s actual results to be materially different from any future performance expressed or implied bythese forward-looking statements.
Therefore, these statements do not constitute a guarantee by Mitsui that such future performance will be realized.
For cautionary notes with respect to forward-looking statements, please refer to the “Notice” section on page 14.
Supplementary materials and IR meetings on financial results:
Supplementary materials on financial results can be found on our web site.
We will hold an IR meeting on financial results for analysts and institutional investors on August 1, 2024.
Contents of the meeting (English and Japanese) will be posted on our web site immediately after the meeting.

Table of Contents
1. Qualitative Information(1) Operating Environment……………………………………………………………………...………….….

2(2) Results of Operations……………………………………………………………………………………… 3(3) Financial Condition and Cash Flows……………………………………………………………………… 9(4) Information Concerning Profit Forecast…………………………………………………………………… 14
2. Other Information……………………………………………………………………………………………. 14
3. Condensed Consolidated Financial Statements(1) Condensed Consolidated Statements of Financial Position........................................................….............. 15(2) Condensed Consolidated Statements of Income and Comprehensive Income...............................….......... 17(3) Condensed Consolidated Statements of Changes in Equity...............................................................…...... 18(4) Condensed Consolidated Statements of Cash Flows.................................................................................... 19(5) Assumption for Going Concern.................................................................................................................... 20(6) Basis of Preparation of Condensed Consolidated Financial Statements...................................................... 20(7) Changes in Accounting Policies................................................................................................................... 20(8) Segment Information.................................................................................................…............................... 21(9) Impact of the Security Situation in Northern Mozambique on LNG Project............................................... 22(10) Impact of the Russia-Ukraine Situation on the Russian LNG Business....................................................... 22- 1 -1. Qualitative Information
There has been no review made by certified public accountants or an audit firm regarding the Japanese-language
original version of the condensed consolidated quarterly financial statements.
As used in this report, “Mitsui,” “Mitsui & Co.” and the “Company” are used to refer to Mitsui & Co., Ltd. (Mitsui
Bussan Kabushiki Kaisha), and the “Group” and the “Mitsui & Co. Group” are used to indicate Mitsui & Co., Ltd.
and its consolidated subsidiaries, unless otherwise indicated.
(1) Operating Environment
In the three-month period ended June 30, 2024, the global economy saw moderate expansion overall. While China's
recovery was sluggish, the US remained generally strong, and even the stagnating European economy showed signsof a recovery.
In the US, labor supply and demand has been easing under a tight financial environment, but the economy has
generally remained strong, supported by solid personal consumption. As inflation gradually settles down andinterest rates are expected to be lowered by the Federal Reserve, the economy is expected to continue to expand
moderately. In Europe, the economy has been recovering against the backdrop of declining inflation. As theEuropean Central Bank has started to lower interest rates and real income has recovered due to the decline ininflation, the economy is expected to continue to recover, mainly due to consumer spending. In Japan, corporate
earnings have remained at a high level amid the continued depreciation of the yen. In addition, inbound demand has
also expanded, but consumer spending has remained sluggish due to the impact of high prices, and so the economic
recovery has been moderate. Looking ahead, the economy is expected to recover slowly as consumer spending is
expected to pick up due to wage increases exceeding those made in the previous year, and a fixed-amount tax
reduction. In China, exports are recovering, but the economy has been sluggish due to weak consumption amid acontinuing slump in the real estate market. It is expected that the economy will recover in the future throughgovernment policy responses.
Looking ahead, the global economy is expected to continue to expand slowly as inflation in the US, Europe, andother developed countries stabilizes and as the US, following Europe, is expected to move away from a period ofmonetary tightening. However, geopolitical risks such as instability in the Middle East remain a concern.

- 2 -(2) Results of Operations
1) Analysis of Consolidated Income Statements(Bn JPY)

Current period Previous period

ChangeRevenue

3,839.9

3,149.1+690.8Gross profit

332.8

300.7

+32.1

Selling, general and administrative expenses(204.9)(184.2)(20.7)

Gain (loss) on securities and otherinvestments—net

96.4

47.5

+48.9

Impairment reversal (loss) of fixed
assets—net

(3.5)

(2.5)

(1.0)

Gain (loss) on disposal or sales of fixed
assets—net

2.1

1.6

+0.5

Other income (expense)—net(11.0)

0.8(11.8)

Interest income

15.2

15.8

(0.6)

Dividend income

29.5

27.7

+1.8

Interest expense(44.3)(38.6)

(5.7)

135.4

143.0

(7.6)

Income taxes(65.3)(53.2)(12.1)

Profit for the period

282.4

258.7

+23.7

Profit for the period attributable to owners of the parent

276.1

252.9

+23.2

Other income(expenses)

Finance income(costs)Share of profit (loss) of investments accounted for using
the equity method* May not match with the total of items due to rounding off. The same shall apply hereafter.
Revenue
Revenue for the three-month period ended June 30, 2024 (“current period”) was 3,839.9 billion yen, an increase of
690.8 billion yen from 3,149.1 billion yen for the corresponding three-month period of the previous year (“previous

period”). The increase was mainly in the Energy and Chemicals segments.
Gross Profit
Mainly the Chemicals and Mineral & Metal Resources segments recorded an increase.

- 3 -Selling, General and Administrative Expenses
The table below provides a breakdown.
(Bn JPY)
Current period

Previous period

Change*Personnel …………………………………….

(111.3)(99.1)(12.2)

Welfare ………………………………………

(3.7)

(3.9)

+0.2

Travel expenses……………………………..

(8.0)

(7.5)

(0.5)

Entertainment ………………………………..

(1.9)

(1.7)

(0.2)

Communication ……………………………...

(17.2)(14.6)(2.6)

Rent ………………………………………….

(3.8)

(3.2)

(0.6)

Depreciation …………………………………

(14.2)(11.7)(2.5)

Fees and taxes ………………………………

(4.3)

(3.5)

(0.8)

Loss allowance ……………………………...

(5.4)

(5.5)

+0.1

Others ………………………………………..

(35.1)(33.5)(1.6)

Total …………………………………………

(204.9)(184.2)(20.7)* Negative amounts in the change column displayed in parentheses represent an increase in expenses.

Other Income (Expenses)

Gain (Loss) on Securities and Other Investments—Net
For the current period, a gain on sale of securities was recorded mainly in the Machinery & Infrastructure segment.
For the previous period, a valuation gain was recorded mainly in the Lifestyle segment.
Other Income (Expense)—Net
The Energy segment recorded foreign exchange related expenses.
Finance Income (Costs)
Dividend Income

Mainly the Machinery & Infrastructure segment recorded an increase.
Share of Profit (Loss) of Investments Accounted for Using the Equity Method
Mainly the Chemicals segment recorded a decrease.
Income Taxes
Income taxes were 65.3 billion yen, an increase of 12.1 billion yen from 53.2 billion yen for the previous period.
The effective tax rate for the current period was 18.8%, an increase of 1.8 points from 17.0% for the previous
period.

Profit for the Period Attributable to Owners of the Parent
As a result, profit for the period attributable to owners of the parent was 276.1 billion yen, an increase of 23.2
billion yen from the previous period.

- 4 -2) Operating Results by Operating Segment
The fluctuation analysis for the results by operating segment is as follows.

Note, “Others” includes income taxes, but generally, the impact of income taxes are not included in the
explanations in the description column relating to each account title.
Mineral & Metal Resources(Bn JPY)
Profit for the period attributableto owners of the parent

Current Previous
Changeperiod period
80.5

77.9

+2.6

Gross profit

83.1

75.0

+8.1

Profit (loss) of equity method
investments

24.9

23.4

+1.5

Dividend income

7.3

7.8

(0.5)

Selling, general andadministrative expenses

(9.1)

(8.5)

(0.6)

Others(25.7)(19.8)(5.9)

Description● Iron ore mining operations in Australia +8.4

(volume increase)

Energy(Bn JPY)
Profit for the period attributableto owners of the parent

Current Previous
Changeperiod period
19.2

26.7

(7.5)

Gross profit

42.8

35.4

+7.4

Profit (loss) of equity method
investments

17.8

22.6

(4.8)

Dividend income

3.3

6.8

(3.5)

(17.4)(15.4)(2.0)

Selling, general andadministrative expenses

Description● Higher profit in LNG trading● Mitsui E&P Australia +3.6 (decrease in costs)● Lower profit in Japan Australia LNG (MIMI)(lower gas prices)● 4 LNG projects* -3.5 (current period 3.3,

previous period 6.8)

● Arctic LNG 2 project related (foreign

Others(27.3)(22.7)(4.6)

exchange)● Gain on sale of MyPower power generation

assets in the current period +3.7

* Oman, ADNOC LNG, QatarEnergy LNG N (3), and Sakhalin II.

- 5 -Machinery & Infrastructure(Bn JPY)
Profit for the period attributableto owners of the parent
Gross profit

Current Previous
Changeperiod period
126.0

52.6

+73.4

53.0

51.2

+1.8

Description*1● BAF becoming an associated company -9.2
● MBK USA Commercial Vehicles -6.4 (lower

Profit (loss) of equity method
investments

Dividend income
Selling, general andadministrative expenses

Others

56.0

57.0

(1.0)

8.4

2.8

+5.6

rental demand, increase in interest expense,
other factors)● Lower profit due to sale of International Power(Australia) Holdings in the previous fiscal*2
year -5.1● Mainstream Renewable Power +9.9 (absenceof a fixed asset impairment loss recorded in*3
the previous period +9.0, other factors)● Increase in dividends in European automotives

business● Provision for AKOFS, a subsea oil field(47.0)

55.6(44.4)(14.0)

(2.6)

+69.6

equipment installation support vessel*4business -5.0
*1
● BAF becoming an associated company +8.2
● Gain on sale of Paiton +54.5*5● Profit related to sale of shares in VLI +40.5*6● Lower profit due to sale of Paiton -4.8
● Fixed assets impairment loss in Brazilian*7

passenger railway -3.4
*1 Bussan Auto Finance.
*2 The sale was completed in the third quarter of the previous fiscal year. Lower profit compared to the previous
period was due to no profit from operations being recorded in the current period.

*3 Recorded an equity method loss of 9.0 billion yen in the previous period due to a reassessment of recoverable
amount related to projects in Chile.
*4 Recorded a provision of 5.0 billion yen due to a reassessment of the recoverability of long-term loan receivables
related to some owned vessels.
*5 Of our owned 20% of the outstanding shares in VLI, we recorded a gain on sale from the divestment of 10% of
the outstanding shares, and a valuation gain on our remaining equity interest. This figure is the sum total of these
two items.

*6 Lower profit compared to the previous period was due to no profit from operations being recorded in the current
period.
*7 A fixed assets impairment loss of 3.4 billion yen was recorded based on the latest estimation in the passenger
railway business in Brazil in the current period.

- 6 -Chemicals(Bn JPY)
Profit for the period attributableto owners of the parent

Current Previous
Changeperiod period
18.2

15.5

+2.7

Gross profit

69.9

52.3

+17.6

Profit (loss) of equity method
investments

5.6

12.9

(7.3)

Dividend income

1.6

1.5

+0.1

Selling, general andadministrative expenses(39.8)(37.3)(2.5)

Others(19.1)(13.9)(5.2)

Description● Novus International +3.8 (good sales

performance)● Eu Yan Sang +3.3 (FVTPL related profit)● Hexagon Composites -6.8 (absence of

valuation gain recorded in the previous period,
other factors)

Iron & Steel Products(Bn JPY)
Profit for the period attributableto owners of the parent

Current Previous
Changeperiod period
6.0

5.6

+0.4

11.3

10.2

+1.1

6.5

4.9

+1.6

Dividend income

1.9

1.5

+0.4

Selling, general andadministrative expenses

(8.7)

(7.6)

(1.1)

Others

(5.0)

(3.4)

(1.6)

Gross profit
Profit (loss) of equity method
investments- 7 -Description

Lifestyle(Bn JPY)

Current Previous
Changeperiod period

Profit for the period attributableto owners of the parent

14.0

60.3

(46.3)

46.3

50.0

(3.7)

18.3

17.4

+0.9

3.3

4.3

(1.0)

Selling, general andadministrative expenses(44.1)(43.6)(0.5)

Others

(9.8)

32.2

(42.0)

Gross profit
Profit (loss) of equity method
investments
Dividend income

Description● Foreign exchange impact in coffee trading+3.0● IHH Healthcare +3.1 (good performance,

recorded deferred tax assets related to a
subsidiary in Turkey)● Absence of Aim Services valuation gainrecorded in the previous period* -43.4* Revaluation gain on previously held equity interest due to Aim Services being reclassified from an equity-method
investee to a consolidated subsidiary in the previous period.
Innovation & Corporate Development(Bn JPY)
Profit for the period attributable

Current Previous
Changeperiod period
6.2

8.1

(1.9)

25.2

25.2

(0.0)

5.9

4.6

+1.3

2.9

2.5

+0.4

Selling, general andadministrative expenses(24.1)(21.9)(2.2)

Others

(3.7)

(2.3)

(1.4)

to owners of the parent
Gross profit
Profit (loss) of equity method
investments
Dividend income- 8 -Description

(3) Financial Condition and Cash Flows
1) Financial Condition(Bn JPY)

June 30, 2024

March 31, 2024

17,979.9

16,899.5+1,080.4

Current assets

6,320.5

5,768.1+552.4Non-current assets

11,659.4

11,131.4+528.0Current liabilities

4,448.5

3,891.5+557.0Non-current liabilities

5,374.6

5,238.0+136.63,459.7

3,398.1+61.6

7,921.8

7,541.8+380.00.44

0.45(0.01)

Total assets

Net interest-bearing debt
Total equity attributable to owners of the parent
Net debt-to-equity ratio (times)

ChangeAssetsCurrent Assets
June 30,2024
6,320.5

March 31,2024
5,768.1

Cash and cash equivalents

1,035.6

898.2+137.4

Trade and other receivables

2,412.9

2,216.7+196.2Other financial assets

1,299.8

1,140.1+159.7

990.7

965.7

+25.0

391.7

368.1

+23.6

Income tax receivables

54.0

49.4

+4.6

Other current assets

135.8

129.8

+6.0

(Bn JPY)
Current assets

Inventories
Advance payments to
suppliers

ChangeDescription+552.4● Trade receivables +189.3*(EN, CH, LI) Increase in
trading volume*● (MI, LI)
Increase in derivative assets*● (MI, MM)
Increase in dividends
receivable● (Corporate)
Increase in margin deposits*● (IC, MM)
Increase in inventories*● (MI)

Foreign exchange fluctuations* EN: Energy segment, CH: Chemicals segment, LI: Lifestyle segment, MI: Machinery & Infrastructure segment,
MM: Mineral & Metal Resources segment, IC: Innovation & Corporate Development segment.

- 9 -Non-Current Assets(Bn JPY)

June 30,2024

March 31,2024

Non-current assets

11,659.4

11,131.4

ChangeDescription+528.0● Foreign exchange fluctuations+247.1● Equity method investments

Investments accounted forusing the equity method

profit +135.4

5,043.0

4,870.0+173.0● Reinvestment in Eu Yan Sang

+19.6

● Dividends from equity

accounted investees -175.5● Sale of Paiton -76.4● Partial sale of VLI -39.0● VLI reclassification +53.0● Foreign exchange fluctuations+26.6

Other investments

2,358.9

2,319.9+39.0● FVTPL valuation gain +10.6● Recruit Holdings -16.8● Fair value of FVTOCI

financial assets -13.4● Reclassification of Alvotech

convertible bonds to current
assets -11.7

Trade and other receivables

297.7

286.6

+11.1

Other financial assets

266.4

210.8

+55.6

Property, plant andequipment

2,573.8

2,401.5+172.3

Investment property

284.7

282.3

+2.4

Intangible assets

507.7

458.2

+49.5

Deferred tax assets

107.8

108.1

(0.3)

Other non-current assets

219.5

194.0

+25.5

*

● (MI) Foreign exchange

fluctuations● Iron ore mining operations inAustralia +41.8 (inc. foreignexchange fluctuations +38.9)● Oil and gas projects +37.0(inc. foreign exchange
fluctuations +34.6)● BIGI HOLDINGS becoming
a subsidiary +22.0● Tatonka +19.9 (inc. foreignexchange fluctuations +0.3)● Mitsui Resources +12.2 (inc.
foreign exchange fluctuations+10.0)● Intercontinental Terminals
Company +11.6 (inc. foreignexchange fluctuations +9.8)● Acquisition of Taylor &Martin +39.0● Pension related assets*
MI: Machinery & Infrastructure segment.
Note: The assumptions for crude oil prices used in fair value measurements such as for LNG projects are
determined based on current market conditions and the forecasts of several third-party organizations.
Specifically, the Company assumes Brent crude to fall from USD 85 per barrel to USD 80 in the short-term,
and then remain at the same level.

- 10 -

Liabilities
June 30,2024

March 31,2024

Current liabilities

4,448.5

3,891.5+557.0

Short-term debt

370.6

244.0

+126.6

Current portion of longterm debt

820.0

723.1

+96.9

Trade and other payables

1,815.9

1,647.0+168.9Other financial liabilities

825.4

737.5

+87.9

Income tax payables

51.9

42.2

+9.7

Advances from customers

368.7

318.8

+49.9

Provisions

136.1

123.8

+12.3

Other current liabilities

59.9

55.2

+4.7

5,374.6

5,238.0+136.6Long-term debt, less thecurrent portion

3,823.1

3,809.0+14.1

Other financial liabilities

435.2

341.9

+93.3

42.5

43.9

(1.4)

Provisions

275.6

261.6

+14.0

Deferred tax liabilities

759.7

745.8

+13.9

Other non-current liabilities

38.4

35.7

+2.7

Common stock

June 30,
2024
343.4

March 31,
2024
343.1

Capital surplus

393.1

391.9

+1.2

Retained earnings

5,725.6

5,551.7+173.9Other components of equity

1,604.9

1,323.8+281.1

244.1

265.6

(21.5)(Bn JPY)

Non-current liabilities

Retirement benefit
liabilities

ChangeDescription● Issuance of commercial paper● Increase in trade payables● Increase in derivative

liabilities● Corresponding to increase inadvance payments● Increase in derivative

liabilities

Equity(Bn JPY)

ChangeDescription+0.3<breakdown>
Financial assets measured at
FVTOCI● AUD +105.5

Foreign currency translation
adjustments

1,391.9

1,090.4+301.5(31.2)(32.1)+0.9

Treasury stock(145.2)(68.6)(76.6)

Total equity attributable toowners of the parent

7,921.8

7,541.8+380.0Non-controlling interests

235.0

228.1

+6.9

Cash flow hedges- 11 -(June-24 AUD/JPY107.00, up
from Mar-24 AUD/JPY98.61)● USD +104.3(June-24 USD/JPY161.07, up
from Mar-24 USD/JPY151.41)● Share repurchase -76.8

2) Cash Flows
Current period Previous period(Bn JPY)

ChangeCash flows from operating activities

285.4

366.8

(81.4)Cash flows from investing activities(24.6)(194.3)+169.7

Free cash flow

260.8

172.5

+88.3

Cash flows from financing activities(157.1)(339.1)+182.033.6

57.8(24.2)(108.8)+246.1

Effect of exchange rate changes on cash and cash*

equivalents

Change in cash and cash equivalents
137.3* Includes the effect of cash and cash equivalents included in asssets held for sale.
Cash Flows from Operating Activities(Bn JPY)

Current period Previous period

ChangeCash flows from operating activities

a

285.4

366.8

(81.4)Cash flows from change in working capital

b

47.9

92.9

(45.0)

Repayments of lease liabilitiesc(21.7)(18.0)

(3.7)

a-b+c

215.8

255.9

(40.1)

Core Operating Cash Flow・ Cash flows from change in working capital (changes in operating assets and liabilities) was 47.9 billion yen of
net cash inflow. Repayments of lease liabilities was 21.7 billion yen of net cash outflow. Core Operating CashFlow, which equals cash flows from operating activities excluding changes in working capital and repaymentsof lease liabilities, amounted to 215.8 billion yen.
- Net cash inflow from dividend income, including dividends received from equity accounted investees, for thecurrent period totaled 136.0 billion yen, a decrease of 23.9 billion yen from 159.9 billion yen for the previous
period.
- Depreciation and amortization for the current period was 77.3 billion yen, an increase of 8.0 billion yen from69.3 billion yen for the previous period.
The following table shows Core Operating Cash Flow by operating segment.
(Bn JPY)

Current period Previous period

ChangeMineral & Metal Resources

88.2

91.1

(2.9)

Energy

52.7

55.3

(2.6)

Machinery & Infrastructure

24.4

60.2

(35.8)

Chemicals

25.2

20.3

+4.9

Iron & Steel Products

2.0

2.5

(0.5)

Lifestyle

7.0

21.5

(14.5)

Innovation & Corporate Development

7.5

7.1

+0.4

All Other and Adjustments and Eliminations

8.8

(2.1)

+10.9

215.8

255.9

(40.1)

Consolidated total- 12 -

The following table shows depreciation and amortization by operating segment.
Current period Previous period(Bn JPY)

ChangeMineral & Metal Resources

19.2

15.4

+3.8

Energy

22.8

21.5

+1.3

Machinery & Infrastructure

8.8

8.4

+0.4

Chemicals

9.0

7.8

+1.2

Iron & Steel Products

0.7

0.4

+0.3

Lifestyle

8.0

7.2

+0.8

Innovation & Corporate Development

4.1

4.2

(0.1)

All Other and Adjustments and Eliminations

4.7

4.4

+0.3

Consolidated total

77.3

69.3

+8.0

Cash Flows from Investing Activities(Bn JPY)

Description of current period

Current period

Previous period

Cash flows from investing activities(24.6)(194.3)

Net change in investments toequity accounted investees

92.8(17.1)Cash outflow(80.1)(34.2)● Eu Yan Sang -19.6

Cash inflow

172.9

17.1

● Paiton +110.0● Partial sale of VLI +52.6

10.7(13.8)Cash outflow(20.2)(29.5)Cash inflow

30.9

15.7

(88.6)(46.9)Net change in other investments

Net change in property, plant, andequipment
Cash outflow(96.3)(63.1)Cash inflow

7.7

16.2

2.6

(1.4)

Cash outflow

(3.1)

(1.4)

Cash inflow

5.7-

Net change in loan receivables

10.1

(7.7)

Net change in time deposits(15.8)(11.8)

Acquisition of subsidiaries orother businesses(36.3)(95.6)● Recruit Holdings +16.0● Oil and gas projects -24.1● Interest in Tatonka -22.3● Iron ore mining operations inAustralia -15.7

Net change in investment property- 13 -● LNG business +21.8● Mitsui & Co. Mineral Resources

Development (Latin America) time
deposits -17.9● Taylor & Martin -36.3

Cash Flows from Financing Activities(Bn JPY)

Current period

Previous period

Cash flows from financing activities(157.1)(339.1)

Net change in short-term debt

110.6

56.0

Net change in long-term debt

(29.9)(196.0)(Proceeds from long-term debt)

182.9

426.2

(Repayments of long-term debt)(212.8)(622.2)

Repayments of lease liabilities(21.7)(18.0)

Purchase and sales of treasury
stock-net(76.8)(61.7)

Dividends paid

(127.3)(114.3)

Transactions with non-controllinginterest shareholders(12.1)(5.1)

Description of current period(4) Information Concerning Profit Forecast
The forecasts for the year ending March 31, 2025 we announced on May 1, 2024 in Consolidated Financial Results
for the Year Ended March 31, 2024, were 900 billion yen for Profit Attributable to Owners of the Parent and 1
trillion yen for Core Operating Cash Flow. No revisions have been made to these forecasts.

2. Other Information
Notice:This flash report contains forward-looking statements about Mitsui and its consolidated subsidiaries. These
forward-looking statements are based on Mitsui’s current assumptions, expectations and beliefs in light of theinformation currently possessed by it and involve known and unknown risks, uncertainties and other factors. Suchrisks, uncertainties and other factors may cause Mitsui’s actual consolidated financial position, consolidated
operating results or consolidated cash flows to be materially different from any future consolidated financial
position, consolidated operating results or consolidated cash flows expressed or implied by these forward-looking
statements.
These important risks, uncertainties and other factors include, among others, (1) business investment risks, (2)geopolitical risks, (3) country risks, (4) risks regarding climate changes, (5) commodity market risks, (6) foreign
currency risks, (7) stock price risks of listed stock Mitsui and its subsidiaries hold, (8) credit risks, (9) risks
regarding fund procurement, (10) operational risks, (11) risks regarding employee’s compliance with laws,
regulations, and internal policies, (12) risks regarding information systems and information securities, (13) risks
regarding the limitation of human capital, (14) risks regarding human rights, (15) risks relating to natural disasters,
terrorism, violent groups, and infectious diseases. For further information on the above, please refer to Mitsui’s
Annual Securities Report.
Forward-looking statements may be included in Mitsui’s Annual Securities Report and Semi-annual Securities
Reports or in its other disclosure documents, press releases or website disclosures. Mitsui undertakes no obligation
to publicly update or revise any forward-looking statements.

- 14 -

3. Condensed Consolidated Financial Statements(1) Condensed Consolidated Statements of Financial Position(Mn JPY)
AssetsJune 30,2024

March 31,2024

Current assets:
Cash and cash equivalents
Trade and other receivables
Other financial assets
Inventories
Advance payments to suppliers

1,035,553
2,412,932
1,299,776
990,729
391,680

898,204
2,216,735
1,140,122965,721368,137

Income tax receivables
Other current assets

54,007
135,788

49,414
129,815

Total current assets

6,320,465

5,768,148

5,042,970
2,358,920

4,869,969
2,319,900

297,722
266,353
2,573,834

286,565
210,7942,401,492

Investment property

284,668

282,253

Intangible assets
Deferred tax assets
Other non-current assets

507,671
107,814
219,492458,246
108,095
194,040

Total non-current assets

11,659,444

11,131,354

Total

17,979,909

16,899,502

Non-current assets:
Investments accounted for using the equity method
Other investments
Trade and other receivables
Other financial assets
Property, plant and equipment- 15 -

(Mn JPY)
Liabilities and Equity
June 30,2024

March 31,2024

Current liabilities:
Short-term debt
Current portion of long-term debt

370,612820,017

243,959
723,084

Trade and other payables
Other financial liabilities
Income tax payables

1,815,867
825,437
51,907

1,647,029
737,492
42,177

Advances from customers
Provisions

368,680
136,103

318,809
123,830

Other current liabilities

59,86355,1584,448,486

3,891,538

3,823,104
435,2143,809,013
341,913Retirement benefit liabilities
Provisions

42,532
275,605

43,936
261,593

Deferred tax liabilities
Other non-current liabilities

759,739
38,391

745,845
35,721

Total non-current liabilities

5,374,585

5,238,021

Total liabilities

9,823,071

9,129,559

343,442

343,062

Capital surplus
Retained earnings
Other components of equity

393,070
5,725,594
1,604,921

391,856
5,551,736
1,323,821

Treasury stock(145,223)(68,627)

7,921,804

7,541,848

Non-controlling interests

235,034

228,095

Total equity

8,156,838

7,769,943

Total

17,979,909

16,899,502

Total current liabilities
Non-current liabilities:
Long-term debt, less current portion
Other financial liabilities

Equity:Common stock

Total equity attributable to owners of the parent- 16 -

(2) Condensed Consolidated Statements of Income and Comprehensive Income
Condensed Consolidated Statements of Income(Mn JPY)
Three-month
period ended
June 30, 2024

Three-month
period ended
June 30, 2023

Revenue

3,839,914

3,149,131

Cost(3,507,137)(2,848,401)

332,777

300,730(204,890)(184,234)

96,406(3,465)2,138

47,541(2,521)
1,624

Gross profit
Other income (expenses):
Selling, general and administrative expenses
Gain (loss) on securities and other investments－net
Impairment reversal (loss) of fixed assets－net
Gain (loss) on disposal or sales of fixed assets－net
Other income (expense) －net

(10,972)771(120,783)(136,819)

Finance income (costs):
Interest income
Dividend income

15,18829,48815,81927,686

Interest expense(44,349)(38,589)

Total other income (expenses)

Total finance income (costs)

327

4,916

Share of profit (loss) of investments accounted for using the equity method

135,365

142,987
311,814

Profit before income taxes

347,686

Income taxes(65,335)(53,155)

Profit for the period

282,351

258,659

276,1106,241

252,850
5,809

Three-month
period ended
June 30, 2024

Three-month
period ended
June 30, 2023

282,351

258,659

Financial assets measured at FVTOCI
Remeasurements of defined benefit plans(14,873)
18,614

15,505
267

Share of other comprehensive income of investments accounted for using the equity method
Income tax relating to items not reclassified(1,726)
1,717(3,299)32

76,55662,893(4,810)249,132(1,018)284,929

Profit for the period attributable to:
Owners of the parent
Non-controlling interests

Condensed Consolidated Statements of Comprehensive Income(Mn JPY)

Profit for the Period
Other Comprehensive Income:Items that will not be reclassified to profit or loss:

Items that may be reclassified subsequently to profit or loss:
Foreign currency translation adjustments
Cash flow hedges
Share of other comprehensive income of investments accounted for using the equity method
Income tax relating to items that may be reclassified(5,385)(7,883)

Total other comprehensive income

319,225

351,426

Comprehensive Income for the Period

601,576

610,085

Comprehensive Income for the Period Attributable to:
Owners of the parent

582,312591,102

19,264

18,983

Non-controlling interests- 17 -

(3) Condensed Consolidated Statements of Changes in Equity(Mn JPY)
Attributable to owners of the parent
Commonstock
Balance as at April 1, 2023

342,560

Capitalsurplus381,869

Retainedearnings

Other
components ofequity4,840,510

868,963

Profit for the period
Other comprehensive income for the period

252,850

Comprehensive income for the period
Transaction with owners:
Dividends paid to the owners of the parent

252,850(66,152)

197,398

6,565,148

338,252

5,809
13,174

258,659
351,426

338,252

591,102

18,983610,085(114,325)(114,325)(7,191)(42)253

Equity transactions with non-controllinginterest shareholders(61,686)(61,686)

(33)

75

0

0

-

-

-

-

2,168

2,168

(848)

342,813382,894(7,191)(61,686)

1,915

Transfer to retained earnings

Total
equity252,850
338,252(114,325)

Sales of treasury stock

Balance as at June 30, 2023

Noncontrollinginterests

Total
6,367,750

Dividends paid to non-controlling interest
shareholders
Acquisition of treasury stock
Cancellation of treasury stock
Compensation costs related to share-based
payment

Treasury
stock

-

(848)

(209)

209

-

4,978,793

1,207,424(127,763)

6,784,161

6,011

5,163

215,201

6,999,362-(Mn JPY)
Attributable to owners of the parent
Commonstock
Balance as at April 1, 2024

343,062

Capitalsurplus391,856

Profit for the period
Other comprehensive income for the period

Retainedearnings

Other
components ofequity5,551,736

1,323,821

Treasurystock(68,627)

276,110

Dividends paid to the owners of the parent

228,095

7,769,943

306,202276,110306,202

6,241
13,023282,351
319,225

306,202582,312

19,264

601,576(127,277)(127,277)

Dividends paid to non-controlling interest
shareholders

Cancellation of treasury stock
Compensation costs related to share-based
payment
Equity transactions with non-controllinginterest shareholders

(139)

380

(83)

(76,819)
223

-

-

1,419
(66)

Transfer to retained earnings
Balance as at June 30, 2024

(127,277)(12,222)

Acquisition of treasury stock
Sales of treasury stock

343,442

393,070

6
25,108(25,108)

5,725,594

1,604,921- 18 -

Total
equity7,541,848

276,110Comprehensive income for the period
Transaction with owners:

Noncontrollinginterests

Total(76,819)
1(76,819)
1

-

-

1,799

1,799

(60)

(103)

(163)

235,034

8,156,838(145,223)(12,222)

7,921,804-

(4) Condensed Consolidated Statements of Cash Flows(Mn JPY)

Three-month period
endedJune 30, 2024

Three-month period
endedJune 30, 2023

282,351

258,659

Depreciation and amortization
Change in retirement benefit liabilities
Loss allowance

77,348(719)
5,439

69,310(103)
5,507(Gain) loss on securities and other investments-net
Impairment (reversal) loss of fixed assets-net(Gain) loss on disposal or sales of fixed assets-net(96,406)
3,465(2,138)(47,541)
2,521(1,624)

Interest income, dividend income and interest expense
Income taxes
Share of (profit) loss of investments accounted for using the equity method
Valuation (gain) loss related to contingent considerations and others
Changes in operating assets and liabilities:(15,110)
65,335(135,365)(1,606)(15,290)
53,155(142,987)(1,001)

Change in trade and other receivables
Change in inventories(140,092)
22,20860,32330,982

Change in trade and other payables
Change in advance payments to suppliers and advances from customers

128,983
28,787

21,975(13,094)

Change in derivative assets and liabilities
Other-net(8,470)16,596

4,906(12,110)

15,116(38,038)
135,954

24,858(32,172)
159,936

Operating activities:
Profit for the period
Adjustments to reconcile profit for the period to cash flows
from operating activities:

Interest received
Interest paid
Dividends received
Income taxes paid
Cash flows from operating activities
Investing activities:
Change in time deposits(58,215)(59,380)

285,423

366,830(15,790)(11,788)

Investments in equity accounted investees
Proceeds from sales of investments in equity accounted investees(80,054)
172,862(34,226)
17,165Purchase of other investments
Proceeds from sales and maturities of other investments(20,165)
30,830(29,434)
15,653

Increases in loan receivables
Collections of loan receivables
Purchases of property, plant and equipment(17,175)
27,249(96,241)(10,923)
3,204(63,111)

Proceeds from sales of property, plant and equipment
Purchases of investment property

7,652(3,135)

16,249(1,439)Proceeds from sales of investment property

5,703

-

Acquisition of subsidiaries or other businesses(36,293)(95,605)(24,557)(194,255)

Financing activities:
Change in short-term debt
Proceeds from long-term debt

110,648
182,893

55,951
426,228

Repayments of long-term debt
Repayments of lease liabilities(212,814)(21,657)(622,223)(17,970)

Cash flows from investing activities

Purchases and sales of treasury stock(76,813)(61,685)

Dividends paid
Transactions with non-controlling interests shareholders(127,277)(12,090)(114,325)(5,073)(157,110)(339,097)

Cash flows from financing activities- 19 -

(Mn JPY)

Effect of exchange rate changes on cash and cash equivalents
Effect of cash and cash equivalents included in assets held for sale

Three-month period
endedJune 30, 2024
33,593-Three-month period
endedJune 30, 2023
59,719(2,016)

137,349
898,204(108,819)
1,390,130

1,035,553

1,281,311

Change in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period“Interest income, dividend income and interest expense”, “Interest received”, “Interest paid” and “Dividends received” in thecondensed consolidated statements of cash flows include not only interest income, dividend income and interest expense that areincluded in “Finance income (costs)” in the condensed consolidated statements of income, but also interest income, dividend income,interest expense that are included in “Revenue” and “Cost” together with their related cash flows.

(5) Assumption for Going Concern: None

(6) Basis of Preparation of Condensed Consolidated Financial Statements
The accompanying condensed consolidated financial statements have been prepared in accordance with the Article
5-2 of the Tokyo Stock Exchange’s standard for preparation of quarterly financial statements (however, a part ofthe disclosures required under IAS 34 "Interim Financial Reporting" is omitted under the Article 5-5 of thestandard).

(7) Changes in Accounting Policies

Material accounting policies applied in the condensed consolidated financial statements for the period ended June30, 2024 are the same as those applied in the consolidated financial statements of the previous fiscal year.
The Group applied the following new standards for the condensed consolidated financial statements from April 1,
2024. Impacts from the application of these on the condensed consolidated financial statements are immaterial.

IFRS

IAS 1

IAS 7
IFRS 7

Title
Presentation of Financial
Statements(amended in October 2022)
Statement of Cash Flows(amended in May 2023)
Financial Instruments:
Disclosures(amended in May 2023)

Summaries

Disclosures about liabilities with covenants

Disclosures about supplier finance arrangements- 20 -

(8) Segment Information
Three-month period ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(Mn JPY)
Mineral &Metal
resources

EnergyMachinery &Infrastructure

Chemicals

Iron & Steelproducts

LifestyleInnovation &Corporate
development

Total

Adjustments
Consolidated
and
total
eliminations

All other

Revenue

558,018

1,069,612

369,708

786,697

177,069

816,881

61,1593,839,144

770-

3,839,914

Gross profit

83,05342,81653,02669,871

11,33946,31425,198331,617

1,198

(38)

332,777

24,945

17,81855,999

5,627

6,540

18,3285,912

135,169-

196

135,365

80,536

19,167125,968

18,210

6,023

13,991

6,243

270,138

4,500

1,472

276,110

Share of profit (loss) ofinvestments accounted for using
the equity method
Profit for the period attributable toowners of the parent
Core Operating Cash Flow

88,211

52,73024,42725,213

1,987

6,955

7,478

207,001

2,441

6,312

215,754

Total assets at June 30, 2024

3,249,223

3,671,445

4,055,850

2,178,969

838,688

3,042,703

1,850,789

18,887,667

9,319,325(10,227,083)

17,979,909

Three-month period ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(Mn JPY)
Mineral &Metal
resources

EnergyMachinery &Infrastructure

Chemicals

Iron & Steelproducts

LifestyleInnovation &Corporate
development

Total

Adjustments
Consolidated
and
total
eliminations

All other

Revenue

484,984

692,187

287,938

682,368

167,622772,91360,7783,148,790

341-

3,149,131

Gross profit

74,98535,41851,23752,274

10,24849,99425,232

299,388851

491

300,730

Share of profit (loss) ofinvestments accounted for using
the equity method

23,42822,61857,04012,9394,873

17,3794,612

142,889-98

142,987

77,86826,70852,567

15,4925,594

60,293

8,110

246,632

(279)

6,497

252,850

Profit for the period attributable toowners of the parent
Core Operating Cash Flow
Total assets at March 31, 2024

91,06955,31860,174

20,323

2,501

21,5187,117

258,020

3,581(5,723)

255,878

3,084,437

3,408,781

3,769,779

2,049,368

809,5422,901,696

1,790,857

17,814,460

8,879,374(9,794,332)

16,899,502

Notes: 1. “All other” includes of the corporate staff unit which provides financing services and operations services
to the Group and affiliated companies. Total assets of “All other” at March 31, 2024 and June 30, 2024
includes cash, cash equivalents and time deposits related to financing activities, and assets of thecorporate staff unit and certain subsidiaries related to the above services.
2. Transfers between reportable segments are made at cost plus a markup.
3. Profit (Loss) for the period attributable to owners of the parent of “Adjustments and eliminations”
includes income and expense items that are not allocated to specific reportable segments, andeliminations of intersegment transactions.
4. Core Operating Cash Flow is calculated by deducting the total of the “Changes in operating assets andliabilities” from the “Cash flows from operating activities”, and further deducting the “Repayments oflease liabilities” in the “Cash flows from financing activities” from it, in the condensed consolidated
statements of cash flows.

- 21 -

(9) Impact of the Security Situation in Northern Mozambique on LNG Project
The Company participates in the Mozambique LNG Project through Mitsui E&P Mozambique Area 1, an equity
accounted investee in the Energy Segment. In April 2021, all project personnel evacuated the project site due to thedeteriorating security situation in northern Mozambique where the project site is located, and on April 26, 2021, theproject operator, TotalEnergies of France, announced that it had declared force majeure under the joint operating
agreement.
Progress has been seen in the restoration of order, stability and security in the region, and project partners areworking with the government and relevant stakeholders for an early restart of the construction, while the exact
restart date is still being reviewed.
The Company does not expect a significant impact on its consolidated financial position, operating results and cash
flow at this stage.
(10) Impact of the Russia-Ukraine Situation on the Russian LNG Business
The Russian LNG business in which the Company, its subsidiary, and the equity accounted investee in the Energy
segment have invested, financed and guaranteed, is affected by the Russia-Ukraine situation that has been ongoingsince February 2022 and the resulting sanctions against Russia, etc. Based on discussions with each partner etc, theCompany has evaluated its relevant assets and liabilities.
In relation to the investment in Sakhalin II project held by MIT SEL Investment, a subsidiary of the Company thatinvests in Sakhalin Energy LLC (“SELLC”), while acknowledging the decision on the new LLC member of
SELLC confirmed by Order of the Government of the Russian Federation dated March 23, 2024 ( No. 701 ), thesituation still remains uncertain as the relevant LLC members agreement is not signed, etc. Under this situation, thefair value of our investment in the Sakhalin II project is measured using the income approach by expected present
value technique and the probability-weighted average considering a scenario where the continuous dividend income
is expected from SELLC and other scenarios. As a result, fluctuation of fair value recognized in the current period
is immaterial. The outstanding balances of “Other investments” in the Condensed Consolidated Statement of
Financial Position related to this project as of June 30, 2024 and March 31, 2024 were 97,403 million yen and
87,642 million yen, respectively. The fair value may increase or decrease due to further changes in situation
hereafter.
In addition, with regards to the carrying amounts of the investments and loans to Japan Arctic LNG, an equity
accounted investee that invests in and finances the Arctic LNG 2 project, and financial guarantees related to thebusiness, the Company continues to take appropriate measures in compliance with laws and regulations cooperatingwith stakeholders in response to the announcement from the Office of Foreign Assets Control of the US
Department of the Treasury, that Arctic LNG 2 has been designated as SDN (Specially Designated Nationals) on
November 2, 2023 (US time), and that several specific entities related to the business have also been designated as
SDN subsequently , etc. The Company reviewed the likelihood of performing guarantees considering the portion of
liability based on the rights and obligations of Japan Arctic LNG and the Company under various agreements
including the shareholders agreement and third-party agreements.
The balance of financial guarantees as contingent liabilities were 207,645 million yen and 193,548 million yen,respectively, and the provision for loss on guarantees included in “Other financial liabilities” in the Condensed
Consolidated Statement of Financial Position were 79,067 million yen and 74,238 million yen, respectively. Thereis no outstanding balances of investments, loans and other financial assets related to the business as of June 30,2024. The impact on “Profit for the Period” recognized in the Condensed Consolidated Statements of Income forthe current period, excluding the foreign exchange gains and losses recognized in the provision for loss on
guarantees, were immaterial.
If changes in the international situation surrounding Russia including the Russia-Ukraine situation occurs hereafter,
or if changes in the credit rating of the Russian Federation, changes in the business environment caused bysanctions etc., and changes of the Company's policies regarding Russian LNG business etc. occur, these estimates
may have a significant impact on the amounts of related financial guarantees and others, as well as on its liable
amounts in the consolidated financial statements for the next fiscal year and thereafter. The Company will continue
to take appropriate measures.

- 22 -