Q1 2022 Mitsui & Co Ltd Earnings Call Transcript
Good afternoon. I'm Takakazu Uchida, CFO. Thank you for joining us today. I will begin by giving a summary of the first quarter operating results and yearly forecast. I will then hand over to our Global Controller, Tetsuya Shigeta, for details of our operating results.
The global economy continued to rebound during the first quarter of this fiscal year, driven mainly by the U.S. and China. Our operating results for the period was significantly higher year-on-year as we continued steady performance, and our strong global business network steadily captured demand arising from the economic recovery. And as a result, we made considerable progress against annual plan.
Please now turn to Page 3, and I will summarize the operating results for the first quarter. Core operating cash flow for the period increased by JPY 159.1 billion to JPY 269.9 billion, and profit for the period increased by JPY 128.7 billion to JPY 191.3 billion year-on-year. Both results represent higher progress rate against the business
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