Q1 2021 Mitsui & Co Ltd Earnings Call Transcript
Good afternoon. My name is Uchida, the Chief Financial Officer. Thank you for joining us today. I will start by reviewing our results for the first quarter of the fiscal year through March 2021. Although performance for the first quarter of the financial year could not avoid being lower than the previous period of the last fiscal year due to the impact of COVID-19, we are progressing well against our plan, mainly due to strong performance from Resources & Energy and Innovation & Corporate Development. Even under the spread of COVID-19, we are adapting to remote working and utilizing digital tools across all of our offices worldwide, to maintain our operations and to implement necessary countermeasures.
Please turn to Page 3. I will now summarize our operating results for the first quarter of the fiscal year. Core operating cash flow decreased by JPY 31.6 billion year-on-year to JPY 110.8 billion and representing progress to full year target of 28%.
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