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FY2009 2Q Financial Results Announced |
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 | | | President Ashida explains the outlook for the second quarter and later to an audience of more than 200 analysts. | |
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On October 28, MOL announced its financial results for the second quarter of fiscal year 2009 ending March 31, 2010. President Akimitsu Ashida, Executive Vice President Kenichi Yonetani, Executive Officer Junichiro Ikeda, and Investor Relations Office General Manager Takehiko Ota held briefings for analysts and institutional investors to explain the results and the outlook for the second quarter and later. |
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Second quarter of FY2009 |
| (¥Million) |
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Q2/FY2009
(Apr.1 - Sep. 30) |
Q2/FY2008
(Apr.1 - Sep. 30) |
| Revenue |
624,562 |
1,094,767 |
| Operating income/(loss) |
(11,458) |
164,630 |
| Ordinary income/(loss) |
(10,011) |
185,999 |
| Net income/(loss) |
(9,934) |
124,003 |
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| * Exchange rate 1US$=¥90.21 (as of September 30, 2009) |
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FY2009 |
FY2008 |
| Annual dividend |
* |
¥31 |
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| * Dividend per share for FY2009 is yet to be determined. |
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| Please click here for 2nd quarter financial results. |
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MOL Announces Revision of FY2009 Outlook |
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On October 27, 2009, MOL announced a downward revision of its consolidated business outlook for FY2009, ending March 31, 2010 (April 1, 2009 - March 31, 2010) as follows:
Revisions to consolidated business outlook for FY2009 |
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Revenue |
Operating
Income/loss |
Ordinary
Income/loss |
Net
Income/loss |
Net
Income/loss
per share |
| Previous outlook (A) |
¥mil.
1,350,000 |
¥mil.
50,000 |
¥mil.
50,000 |
¥mil.
30,000 |
¥
25.07 |
| Revised outlook (B) |
1,300,000 |
10,000 |
10,000 |
2,000 |
1.67 |
Decrease
(B) - (A) |
-50,000 |
-40,000 |
-40,000 |
-28,000 |
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| Decrease (%) |
-3.7% |
80.0% |
-80.0% |
-93.3% |
| Apr.1,'08 - Mar.31,'09 |
1,865,802 |
197,211 |
204,510 |
126,987 |
106.13 |
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Reasons for revision of outlook
Compared to the business climate on the assumption of the previous outlook, the appreciation of the yen and high bunker prices, in addition to faltering cargo trade and freight rates in the containership segment, and sharp drop both in dry bulker and tanker markets, are anticipated to be major factors in a deterioration of profits. |
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| Please click here (PDF: 88KB/1pages) for the press release. |
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MOL Issues 20 Billion Yen in Bonds |
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MOL issued its 13th series of unsecured bonds on December 17, 2009. The 20 billion yen in bonds will play a key role in diversifying the company's sources of capital procurement. MOL has raised a total of 85 billion yen through bond issues since December 2008.
While seeking a balance between increasing shareholders' equity through accumulated profits and an appropriate level of interest-bearing debt, MOL will continue to raise funds as needed. In the near term, we are not planning to raise proceeds through a public equity offering.
The most recent bonds have a coupon rate of 1.106% per annum and a redemption date of December 16, 2016. The funds will be used for refunding and repaying loans and commercial paper (CP) used for vessel investment. |
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| Please click here for news release. |
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