Mid-term Management Plan 2029 “Towards 2030 and Beyond: Creating the Future with Trust and Innovation” Announcement

Overview of Mid-term Management Plan

Mitsui & Co., Ltd. announced the mid-term management plan "2029 'Towards 2030 and Beyond: Creating the Future with Trust and Innovation'" targeting the fiscal years ending March 2027 to March 2029. The plan sets targets of a core operating cash flow of 1.2 trillion yen, net income attributable to owners of parent of 1.1 trillion yen, and an ROE of 12%. Core operating cash flow is a metric calculated by deducting changes in operating assets and liabilities and lease liability repayments from cash flow generated from operating activities.

Shareholder Returns and Dividend Policy

Regarding shareholder returns, the company continues its progressive dividend policy from the previous mid-term plan, aiming to maintain or increase dividends with a floor of 140 yen per share (interim and year-end total) over the three years from the fiscal year ending March 2027 to March 2029. Additionally, shareholder returns through dividends and share buybacks will be implemented with a benchmark of approximately 50% of the cumulative core operating cash flow over the three years. Details are available on the company's website.