Mitsui O.S.K. Lines (9104) Stock Overview
Provides maritime cargo transport and ship chartering services in Japan, North America, Europe, Singapore, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
Rewards
Risk Analysis
9104 Community Fair Values
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Analyst Price Targets
Mitsui O.S.K. Lines, Ltd. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | JP¥5,432.00 |
| 52 Week High | JP¥7,325.00 |
| 52 Week Low | JP¥4,293.00 |
| Beta | 0.71 |
| 1 Month Change | -5.81% |
| 3 Month Change | -18.08% |
| 1 Year Change | 13.66% |
| 3 Year Change | 53.62% |
| 5 Year Change | 236.69% |
| Change since IPO | 201.89% |
Recent News & Updates
Narrative Update • Jul 02
9104: Ammonia Shipping Contracts Will Underpin Phase 2 Upside Outlook
The analyst price target for Mitsui O.S.K. Lines has shifted from about ¥6,725 to roughly ¥6,877, with analysts pointing to updated assumptions on revenue growth, profit margins and future P/E as the basis for the new fair value estimate. What's in the News for Mitsui O.S.K. Lines JERA Co Inc has signed time charter agreements with Mitsui O.S.K. Lines and NYK Group to supply four fuel ammonia tankers for the Blue Point Project in Louisiana, marking what is described as the world's first long term deployment of VLGC size carriers dedicated to ammonia transportation.
Narrative Update • Jun 18
9104: Phase 2 Plan Execution Risk Will Pressure Shares
Analysts have modestly lifted their price target for Mitsui O.S.K. Lines to ¥3,672 from ¥3,580, citing updated assumptions around fair value, discount rate, revenue, profit margin, and future P/E. What’s in the News for Mitsui O.S.K. Lines Mitsui O.S.K. Lines has a Board Meeting scheduled for March 31, 2026, to discuss Phase 2 of its Corporate Management Plan "BLUE ACTION 2035" (source: Key Developments).Narrative Update • Jun 04
9104: Activist Pressure And Phase 2 Plan Risks Will Weigh On Shares
Analysts have kept their ¥3,580 price target for Mitsui O.S.K. Lines steady, citing updated assumptions that combine a higher discount rate and revenue growth outlook with a lower profit margin and a higher future P/E multiple. What's in the News Board meeting scheduled for March 31, 2026, to discuss Phase 2 of Mitsui O.S.K. Lines' Corporate Management Plan "BLUE ACTION 2035" (Key Developments).Recent updates
Narrative Update • Jul 02
9104: Ammonia Shipping Contracts Will Underpin Phase 2 Upside Outlook
The analyst price target for Mitsui O.S.K. Lines has shifted from about ¥6,725 to roughly ¥6,877, with analysts pointing to updated assumptions on revenue growth, profit margins and future P/E as the basis for the new fair value estimate. What's in the News for Mitsui O.S.K. Lines JERA Co Inc has signed time charter agreements with Mitsui O.S.K. Lines and NYK Group to supply four fuel ammonia tankers for the Blue Point Project in Louisiana, marking what is described as the world's first long term deployment of VLGC size carriers dedicated to ammonia transportation.Narrative Update • Jun 18
9104: Phase 2 Plan Execution Risk Will Pressure Shares
Analysts have modestly lifted their price target for Mitsui O.S.K. Lines to ¥3,672 from ¥3,580, citing updated assumptions around fair value, discount rate, revenue, profit margin, and future P/E. What’s in the News for Mitsui O.S.K. Lines Mitsui O.S.K. Lines has a Board Meeting scheduled for March 31, 2026, to discuss Phase 2 of its Corporate Management Plan "BLUE ACTION 2035" (source: Key Developments).Narrative Update • Jun 04
9104: Activist Pressure And Phase 2 Plan Risks Will Weigh On Shares
Analysts have kept their ¥3,580 price target for Mitsui O.S.K. Lines steady, citing updated assumptions that combine a higher discount rate and revenue growth outlook with a lower profit margin and a higher future P/E multiple. What's in the News Board meeting scheduled for March 31, 2026, to discuss Phase 2 of Mitsui O.S.K. Lines' Corporate Management Plan "BLUE ACTION 2035" (Key Developments).Analysis Article • May 13
Weak Statutory Earnings May Not Tell The Whole Story For Mitsui O.S.K. Lines (TSE:9104)
The subdued market reaction suggests that Mitsui O.S.K. Lines, Ltd.'s ( TSE:9104 ) recent earnings didn't contain any...Analysis Article • May 04
Earnings Update: Mitsui O.S.K. Lines, Ltd. (TSE:9104) Just Reported And Analysts Are Boosting Their Estimates
Mitsui O.S.K. Lines, Ltd. ( TSE:9104 ) just released its yearly report and things are looking bullish. Results were...Narrative Update • May 03
9104: Activist Pressure And Medium Term Plan Uncertainty Will Weigh On Shares
Analysts have reduced their price target for Mitsui O.S.K. Lines from about ¥3,944 to ¥3,580, citing updated assumptions for revenue growth, higher projected profit margins, a lower discount rate, and a revised future P/E of 6.9x. What's in the News On March 17, 2026, Elliott Investment Management L.P. issued a statement on Mitsui O.S.K. Lines, saying it views the company as having a strong market position and high quality assets but believes the market undervalues the business, and signaled an intention to work with management on an ambitious medium term plan and pursuit of a premium valuation.Narrative Update • Apr 18
9104: Activist Pressure And Phase 2 Plan Will Frame Balanced Outlook
Analysts now keep their price target for Mitsui O.S.K. Lines broadly unchanged at around ¥6,725 per share, reflecting only minimal tweaks to assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Board meeting scheduled for March 31, 2026 to discuss Phase 2 of the Corporate Management Plan "BLUE ACTION 2035", highlighting upcoming decisions on longer term direction (Key Developments).Narrative Update • Apr 04
9104: Activist Engagement And Management Plan Will Shape Balanced Earnings Outlook
Analysts have lifted their price target on Mitsui O.S.K. Lines from about ¥5,700 to roughly ¥6,700, pointing to updated assumptions that include a lower discount rate, modestly higher revenue growth and profit margin expectations, and a slightly richer future P/E multiple. What's in the News Elliott Investment Management issued a statement on March 17, 2026, saying it sees Mitsui O.S.K. Lines as having a strong market position and high quality assets, while arguing the market undervalues the business and signaling plans to engage on an ambitious medium term management plan and premium valuation goals (Key Developments).Narrative Update • Mar 21
9104: Cargo Contracts And Activist Pressure Will Expose Earnings Risk In 2026
Analysts have raised their price target for Mitsui O.S.K. Lines from about ¥5,370 to roughly ¥5,710, citing updated assumptions for revenue growth, profit margins, a slightly lower discount rate, and a modestly lower future P/E multiple. What's in the News Elliott Investment Management issued a public statement on Mitsui O.S.K. Lines, describing the company as having a strong market position and high quality assets, and indicating it plans to engage with management regarding the upcoming medium term management plan and how the company is valued in the market (Investor activism communication, March 17, 2026, Elliott Investment Management).
Narrative Update • Mar 06
9104: Ethane Carrier JVs And Leadership Changes Will Support Future Upside
Analysts now set their fair value estimate for Mitsui O.S.K. Lines at ¥7,396, up from ¥6,736, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News Mitsui O.S.K. Lines has scheduled a board meeting for January 30, 2026, to consider a change of Representative Director (Key Developments).Narrative Update • Feb 19
9104: Cargo Contracts And Leadership Changes Will Support Steady Returns In 2026
Analysts have nudged their price target for Mitsui O.S.K. Lines higher from about ¥5,325 to roughly ¥5,371, citing updated assumptions around revenue growth, profit margins, a slightly lower discount rate, and an adjusted future P/E expectation. What's in the News Mitsui O.S.K. Lines plans a board meeting on January 30, 2026 to consider a change of Representative Director, following earlier discussions on wider personnel changes including Chairman, President, Vice Presidents and Representative Directors on December 19, 2025 (company filings).Narrative Update • Feb 05
9104: Cargo Contracts And Leadership Changes Will Shape Steady Returns In 2026
Analysts have nudged their fair value estimate for Mitsui O.S.K. Lines slightly lower to ¥5,325 from ¥5,340, citing updated assumptions around discount rates, modest positive revenue growth expectations, a steady profit margin profile, and a slightly reduced future P/E outlook. What's in the News Mitsui O.S.K. Lines raised its non consolidated earnings guidance for the fiscal year ending March 31, 2026, now expecting revenue of ¥890,000 million, operating profit of ¥59,000 million, and net income of ¥223,000 million.Narrative Update • Jan 21
9104: Ethane Transport JVs And Dividend Policy Will Support Future Upside
Analysts have trimmed their fair value estimate for Mitsui O.S.K. Lines from ¥6,941.11 to ¥6,735.58, reflecting updated assumptions that combine higher revenue growth expectations with a lower profit margin outlook and a slightly higher future P/E multiple. What's in the News Oil and Natural Gas Corporation Limited and Mitsui O.S.K. Lines agreed to form two 50:50 joint venture companies in Gift City, Gandhinagar.Narrative Update • Jan 07
9104: Future Margin Pressure And Leadership Changes Will Weigh On Shares
Analysts have trimmed their fair value estimate for Mitsui O.S.K. Lines from ¥4,080.70 to ¥3,944.42, citing updated assumptions around discount rates, revenue trends, profit margins, and a higher expected future P/E multiple. What's in the News Oil and Natural Gas Corporation and Mitsui O.S.K. Lines signed joint venture and capital contribution agreements on January 5, 2026, to form two 50:50 ethane shipping joint ventures in Gift City.Narrative Update • Dec 21
9104: Rising Dividend Will Drive Attractive Returns Under New Leadership In 2025
Analysts have modestly increased their price target on Mitsui O.S.K. Lines to ¥5,340 from ¥5,327, citing a slightly lower discount rate and a materially improved long term revenue outlook, even as profit margin assumptions edge down and the expected future P E multiple remains broadly unchanged. What's in the News Board approves leadership changes, appointing Jotaro Tamura as Chief Executive Officer effective April 1, 2026, while current CEO Takeshi Hashimoto becomes Representative Director and Chairman of the Board (Board meeting, Dec 19, 2025) Board convenes to resolve a broader slate of personnel changes for chairman, president, vice presidents, and representative directors, signaling a significant governance reshuffle (Board meeting, Dec 19, 2025) Mitsui O.S.K. Lines secures in principle approval to form two 50:50 joint ventures with Oil and Natural Gas Corporation for very large ethane carriers, expanding into ethane transportation and energy logistics (Strategic alliances) Company revises fiscal year ending March 31, 2026 guidance, nudging revenue expectations higher but lowering operating profit and profit attributable to owners of parent, with net income per share now projected at ¥523.16 (Corporate guidance) Dividend forecast for fiscal 2025 raised to a total of ¥200.00 per share, combining an ¥85.00 interim and ¥115.00 year end dividend, reflecting a focus on shareholder returns under the BLUE ACTION 2035 plan (Dividend guidance, Board meeting Nov 4, 2025) Valuation Changes Fair Value Estimate increased slightly to ¥5,340 from ¥5,327, reflecting a modest uplift in the intrinsic value assessment.Narrative Update • Dec 07
9104: Rising Dividend Will Drive Attractive Shareholder Returns In 2025
Analysts have slightly trimmed their price target for Mitsui O.S.K. Lines by approximately ¥9 to reflect a modestly higher discount rate and slightly lower profit margin assumptions, partially offset by improved expectations for revenue growth. What's in the News Oil and Natural Gas Corporation has received in principle board approval to form two 50:50 joint ventures with Mitsui O.S.K. Lines to operate Very Large Ethane Carriers, expanding MOL's presence in ethane and broader energy logistics and supporting India maritime growth plans (company announcement).Narrative Update • Nov 23
9104: Dividend Increase And New Joint Ventures Will Drive Returns In 2025
Analysts have slightly lowered their price target for Mitsui O.S.K. Lines from ¥5,364 to ¥5,336. This change is due to modest adjustments to revenue growth expectations and profit margin forecasts.Analysis Article • Nov 11
Mitsui O.S.K. Lines' (TSE:9104) Problems Go Beyond Weak Profit
A lackluster earnings announcement from Mitsui O.S.K. Lines, Ltd. ( TSE:9104 ) last week didn't sink the stock price...Analysis Article • Nov 06
Mitsui O.S.K. Lines, Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Mitsui O.S.K. Lines, Ltd. ( TSE:9104 ) shareholders are probably feeling a little disappointed, since its shares fell...Narrative Update • Nov 05
9104: Dividend Hike Will Drive Increased Shareholder Returns Into 2025
Analysts have slightly reduced their price target for Mitsui O.S.K. Lines to ¥5,364 from ¥5,409, citing minor adjustments to discount rates, revenue growth, and profit margin assumptions. What's in the News Mitsui O.S.K. Lines revised its earnings guidance for the year ending March 31, 2026.Analysis Article • Oct 23
There Is A Reason Mitsui O.S.K. Lines, Ltd.'s (TSE:9104) Price Is Undemanding
With a price-to-earnings (or "P/E") ratio of 4.1x Mitsui O.S.K. Lines, Ltd. ( TSE:9104 ) may be sending very bullish...Narrative Update • Oct 22
Analysts Adjust Mitsui O.S.K. Lines Price Target Amid Upbeat Dividend and Earnings Guidance
Analysts have slightly lowered their price target for Mitsui O.S.K. Lines from ¥5,482 to ¥5,409, citing modest shifts in projected growth, profitability, and risk outlook. What's in the News Mitsui O.S.K. Lines has increased its interim dividend forecast from ¥75.00 to ¥85.00 per share.Narrative Update • Oct 08
LNG And Wind Investments Will Secure Opportunities Amid Market Headwinds
Analysts have slightly reduced their price target for Mitsui O.S.K. Lines from ¥5,547 to ¥5,482. They cite adjustments in projected revenue growth and a marginal uptick in the assumed discount rate, while noting stable profit margins.Analysis Article • Aug 29
Is It Too Late To Consider Buying Mitsui O.S.K. Lines, Ltd. (TSE:9104)?
Let's talk about the popular Mitsui O.S.K. Lines, Ltd. ( TSE:9104 ). The company's shares saw its share price hover...New Narrative • Aug 17
LNG And Wind Investments Will Secure Opportunities Amid Market Headwinds
Key Takeaways Investments in greener technologies, energy logistics, and integrated supply chain services diversify revenue and position Mitsui O.S.K. Lines for resilient, high-quality earnings. Strong demand in vehicle transport, stable long-term contracts, and ongoing fleet optimization underpin margin stability and support outperformance amid industry changes.Analysis Article • Jul 24
Earnings Working Against Mitsui O.S.K. Lines, Ltd.'s (TSE:9104) Share Price
Mitsui O.S.K. Lines, Ltd.'s ( TSE:9104 ) price-to-earnings (or "P/E") ratio of 4x might make it look like a strong buy...Shareholder Returns
| 9104 | JP Shipping | JP Market | |
|---|---|---|---|
| 7D | 8.0% | 1.7% | 1.0% |
| 1Y | 13.7% | 13.6% | 43.9% |
Return vs Industry: 9104 matched the JP Shipping industry which returned 13.6% over the past year.
Return vs Market: 9104 underperformed the JP Market which returned 43.9% over the past year.
Price Volatility
| 9104 volatility | |
|---|---|
| 9104 Average Weekly Movement | 3.9% |
| Shipping Industry Average Movement | 4.1% |
| Market Average Movement | 4.3% |
| 10% most volatile stocks in JP Market | 9.3% |
| 10% least volatile stocks in JP Market | 2.1% |
Stable Share Price: 9104 has not had significant price volatility in the past 3 months compared to the JP market.
Volatility Over Time: 9104's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1884 | 11,567 | Jotaro Tamura | www.mol.co.jp |
Mitsui O.S.K. Lines, Ltd., together with its subsidiaries, provides maritime cargo transport and ship chartering services in Japan, North America, Europe, Singapore, and internationally. It operates through Dry Bulk Business; Energy Business; Container Ship Business; Automobile Transport, Port, and Logistics Business; Ferry/Domestic RORO Ship Business/Cruise Business; Real Estate Business; and Related Businesses segments. The company engages in the dry bulk shipping of raw materials, including iron ore, coal, wood chips, and biomass fuels, as well as intermediate goods and finished products, such as fertilizers, grain, cement, salt, and steel products; owning and operation of oil tankers and liquified gas and liquefied natural gas carriers, as well as carbon solutions, LNG infrastructure, offshore, and offshore wind power energy businesses; and owning and operation of container ships, as well as ocean transportation and onshore storage.
Mitsui O.S.K. Lines, Ltd. Fundamentals Summary
| 9104 fundamental statistics | |
|---|---|
| Market cap | JP¥1.83t |
| Earnings (TTM) | JP¥213.26b |
| Revenue (TTM) | JP¥1.83t |
8.8x
P/E Ratio1.0x
P/S RatioIs 9104 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 9104 income statement (TTM) | |
|---|---|
| Revenue | JP¥1.83t |
| Cost of Revenue | JP¥1.50t |
| Gross Profit | JP¥327.59b |
| Other Expenses | JP¥114.33b |
| Earnings | JP¥213.26b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 07, 2026
| Earnings per share (EPS) | 620.63 |
| Gross Margin | 17.95% |
| Net Profit Margin | 11.68% |
| Debt/Equity Ratio | 79.2% |
How did 9104 perform over the long term?
See historical performance and comparisonDividends
3.8%
Current Dividend Yield32%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/08 15:50 |
| End of Day Share Price | 2026/07/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Mitsui O.S.K. Lines, Ltd. is covered by 24 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ryota Himeno | Barclays |
| Nathan Gee | BofA Global Research |
| Ryota Himeno | Citigroup Inc |