March 31, 2010
TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL, President: Akimitsu Ashida) today announced that the Group has introduced its new mid-term management plan named "GEAR UP! MOL" covering three (3) fiscal years starting from April 2010 to March 2013.
Challenge to Creative New Growth - In the uncertain business circumstances surrounding the shipping industry, where the world
economy is still at a recovery stage and shipbuilding capacity is expanding worldwide, we, MOL, are focused on achieving the following goals:
Under the main theme of "Challenge to Create New Growth", following three overall strategies are set, together with plans of consolidated financial figures for each of the three years (FY2010 - 2012) as well as target for FY2015:
Profit Plan
(Unit: billion yen)
FY2009(Forecast) | FY2012(Plan) | FY2015(Target) | |
---|---|---|---|
Revenue | 1,350 | 1,800 | 2,000 |
Ordinary Income | 22 | 150 | 200 |
Net Income | 10 | 110 | 130 |
(Assumption / Exchange rate: ¥90/US$, Bunker price: US$500/ton)
Fleet Scale
(Unit: No. of ships)
The end of FY2009 | The end of FY2012(Plan) | The end of FY2015(Target) | |
---|---|---|---|
Fleet Scale | 895 | 1,050 | 1,200 |
Fleet Expansion Plan (Owned / Long-term chartered vessels)
(Unit: billion yen)
FY2010-FY2012 | FY2013-FY2015 | FY2010-FY2015 | |
---|---|---|---|
Ships to Join | 190 ships | 160 ships | 350 ships |
Ships' value | 1,200 | 900 | 2,100 |
This plan and target are including forward-looking statements as of today. The forward-looking statements are subject to a number of risks and uncertainties that include, but not limited to, world economic conditions, currency exchange rates. MOL therefore cautions readers that actual results may differ materially from these predictions.