MITSUI E&S : (Corrections / Corrections of Numerical Data) Notice Concerning Partial Correction to "Consolidated Financial Results for the Fiscal Year Ended March 31, 2024 (Under Japanese GAAP)"

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

	June 21, 2024
Company name:	MITSUI E&S Co., Ltd.
Name of representative:	Takeyuki Takahashi, President,
	Representative Director, and CEO
	(Securities code: 7003, TSE Prime Market)
Inquiries:	Kazuo Hayashi, General Manager of
	Accounting Dept.
	(TEL: [phone])

(Corrections / Corrections of Numerical Data) Notice Concerning Partial Correction to

"Consolidated Financial Results for the Fiscal Year Ended March 31, 2024

(Under Japanese GAAP)"

MITSUI E&S Co., Ltd. (the "Company") hereby announc es that there have been corrections made to the above- mentioned disclosure material released on May 14, 2024. As numerical data has also been corrected, the corrected numerical data is also sent.

1. Reason for Corrections

After the announce of "Consolidated Financial Resul ts for the Fiscal Year Ended March 31, 2024 (Under Japanese GAAP)," it was discovered that there were partial e rrors in (2) Consolidated Statements of Operations and Comprehensive Income and (5) Notes to Consolidated Financial Statements in "3. Consolidated Financial Statements and Major Notes." Hence the Company has corrected the s ubmitted financial results.

Total comprehensive income and other financial statements are unaffected by the corrections because this was due to the incorrect classification within the other comprehensive income.

2. Details of Corrections

Corrected parts are underlined.

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3. Consolidated Financial Statements and Major Notes

1. Consolidated Statements of Operations and Comprehensive Income Consolidated Statements of Comprehensive Income

[Before Correction]

					(Millions of yen)
			April 1, 2022 to	April 1, 2023 to
			March 31, 2023	March 31, 2024
	Profit	15,619	25,327
	Other comprehensive income
	Net unrealized holding gains (losses) on securities	(571)	1,211
	Unrealized losses on hedging derivatives	(847)	(975)
	Foreign currency translation adjustments	2,463	1,024
	Remeasurements of defined benefit plans	(1,110)	4,308
	Share of other comprehensive income of affiliates accounted	21,920		(471)
	for using equity method
	Total		21,853	5,097
	Comprehensive income		37,473	30,425
	Comprehensive income attributable to
	Owners of parent	37,400	30,120
	Non-controlling interests	72	304
[After Correction]
					(Millions of yen)
			April 1, 2022 to	April 1, 2023 to
			March 31, 2023	March 31, 2024
	Profit	15,619	25,327
	Other comprehensive income
	Net unrealized holding gains (losses) on securities	(571)	1,211
	Unrealized losses on hedging derivatives	(847)	(7)
	Foreign currency translation adjustments	2,463	3,337
	Remeasurements of defined benefit plans	(1,110)	4,339
	Share of other comprehensive income of affiliates accounted	21,920		(3,782)
	for using equity method
	Total		21,853	5,097
	Comprehensive income		37,473	30,425
	Comprehensive income attributable to
	Owners of parent	37,400	30,120
	Non-controlling interests	72	304

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3. Consolidated Financial Statements and Major Notes

1. Notes to Consolidated Financial Statements (Segment Information, etc.)
   4. Information about sales, segment income and loss, assets, liabilities and other items for each reportable segment

[Before Correction]

(From April 1, 2023 to March 31, 2024)

								(Millions of Yen)
New Business	Marine	Logistics	Peripheral	Ocean
Propulsion	Sub total	Others	Total	Adjustments Consolidated
Development	Systems	Businesses	Development
Systems

Other Items:

Increase in

property, plant

and equipment	356	5,218	1,368	878	-	7,821	125	7,947	790	8,737
and intangible
assets

[After Correction]

(From April 1, 2023 to March 31, 2024)

								(Millions of Yen)
New Business	Marine	Logistics	Peripheral	Ocean
Propulsion	Sub total	Others	Total	Adjustments Consolidated
Development	Systems	Businesses	Development
Systems

Other Items:

Increase in

property, plant

and equipment

356

5,796

1,368

878

-

8,399

125

8,525

790

9,315

and intangible

assets

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