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Ltd.","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-05-13","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/05\/6269-20260513-01.pdf","jir_short_summary":"For the first quarter of the fiscal year ending December 2026, sales revenue was $1,077,078 thousand (up 23.4% YoY), operating profit was $122,741 thousand (up 63.2% YoY), and net income attributable to owners of the parent was $99,144 thousand (up 78.2% YoY).","jir_summary":"### Performance Overview\nThe consolidated performance for the first quarter of the fiscal year ending December 2026 showed sales revenue of $1,077,078 thousand (up 23.4% YoY), operating profit of $122,741 thousand (up 63.2% YoY), and net income attributable to owners of the parent of $99,144 thousand (up 78.2% YoY). Supporting factors include steady progress on the FPSO construction projects, contributing to sales revenue and gross profit recognition. Additionally, investment income using the equity method increased by 0.6% YoY. Basic earnings per share for the quarter increased to $1.45 from $0.81 YoY.\n\n### Financial Position and Outlook\nAs of the end of the first quarter of the fiscal year ending December 2026, total assets were $4,862,082 thousand, and total equity was $1,545,164 thousand, both increased from the previous year's end. The consolidated earnings forecast projects sales revenue of $4,600,000 thousand (up 0.4% YoY), operating profit of $460,000 thousand (up 5.1% YoY), and net income attributable to owners of the parent of $370,000 thousand (up 2.6% YoY). The annual dividend is forecasted at JPY 200.","jir_financial_highlights":"Sales Revenue: $1,077,078 thousand (Up 23.4% YoY)\nOperating Profit: $122,741 thousand (Up 63.2% YoY)\nProfit Before Tax: $130,424 thousand (Up 81.2% YoY)\nNet Income: $108,917 thousand (Up 72.5% YoY)\nNet Income Attributable to Owners of the Parent: $99,144 thousand (Up 78.2% YoY)\nBasic Earnings per Share: $1.45 (Increase from $0.81 YoY)\nEnd-of-Period Issued Shares: 68,345,300 shares (Same as previous year)\nAnnual Dividends (Forecast): JPY 200 (Unknown)\nConsolidated Earnings Guidance Sales Revenue (Full Year): $4,600,000 thousand (Up 0.4% YoY)\nConsolidated Earnings Guidance Operating Profit (Full Year): $460,000 thousand (Up 5.1% YoY)\nConsolidated Earnings Guidance Net Income Attributable to Owners of the Parent (Full Year): $370,000 thousand (Up 2.6% YoY)\nConsolidated Earnings Guidance Basic Earnings per Share (Full Year): $5.41 (Unknown)","jir_category":"","jir_hashtags":"#MitsuiOceanDevelopment, #FinancialSummary, #JapaneseStocks","jir_key_figures":"Sales Revenue: $1,077,078 thousand (up 23.4% YoY)\nOperating Profit: $122,741 thousand (up 63.2% YoY)\nNet Income Attributable to Owners of the Parent: $99,144 thousand (up 78.2% YoY)","jir_meta_title":"\u3010Mitsui Ocean Development\u3011Q1 Financial Results for the Fiscal Year Ending December 2026 | Sales Revenue of $1,077 million (+23.4%)","jir_meta_description":"Mitsui Ocean Development's Q1 financial results for the fiscal year ending December 2026. 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