Overview
Marine Transportation

Mitsui O.S.K.Lines,Ltd.

Mitsui O.S.K. Lines (MOL) is one of Japan's largest shipping conglomerates, operating a diversified fleet across six business segments: dry bulk, energy (tankers, LNG vessels, offshore), product transport (car carriers, container shipping, logistics), well-being life (real estate, ferry, cruise), related businesses, and other services. The company provides global ocean freight transportation through ownership and operation of vessels including dry bulk carriers, oil tankers, LNG carriers, and car carriers, serving a wide range of industries worldwide. MOL also offers total logistics solutions encompassing container terminals, air and sea freight forwarding, land transport, and warehousing through its extensive network of group companies.

Market Cap
¥2,476B
US$15.8B
EV
¥2,975B
US$19.0B
Stock¥7,207▼-2.28%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.1
x
LTM EV/EBIT
23.0
x
LTM PER
11.6
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+39.1%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 18, 26Rebound after Trump's strait abandonment remarks
2Mar 23, 26Panic selling on Trump's strait abandonment remarks
3Apr 1, 26Elliott activist investor declaration
MC → EV Bridge
2,476BUS$15.8BMarket Cap2,598BUS$16.6B+ Debt194BUS$1.24B− Cash1,962BUS$12.5B− Inv. Sec.57.2BUS$365M+ NCI2,975BUS$19.0BEV
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Performance & Balance
Revenue 5Y (¥B)
1,269US$8.10B'22/31,612US$10.3B'23/31,628US$10.4B'24/31,775US$11.3B'25/31,825US$11.6B'26/3
EBITDA 5Y (¥B)
141US$902M'22/3203US$1.30B'23/3206US$1.31B'24/3278US$1.78B'25/3295US$1.88B'26/3
Net Income 5Y (¥B)
709US$4.52B'22/3796US$5.08B'23/3262US$1.67B'24/3425US$2.71B'25/3213US$1.36B'26/3
Capital Structure
53%
47%
EquityD/E 0.87xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1,079US$6.88B968US$6.17B'22/31,525US$9.72B1,041US$6.64B'23/31,796US$11.5B1,168US$7.45B'24/31,943US$12.4B1,800US$11.5B'25/32,112US$13.5B2,430US$15.5B'26/3
Shareholders
Top 10 hold 33.8%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
17.62%
2
Custody Bank of Japan, Ltd. (Trust Account)
5.32%
3
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
2.07%
4
BNP PARIBAS NEW YORK BRANCH – PRIME BROKERAGE SEGREGATION ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch, Securities Services Operations)
1.68%
5
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.34%
6
Sumitomo Mitsui Banking Corporation
1.31%
7
Mitsui Sumitomo Insurance Company, Limited
1.30%
8
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.14%
9
BCSL CLIENT RE BBPLC NYBR (Standing Proxy: Barclays Securities Japan Limited)
1.06%
10
Nomura Securities Co., Ltd.
0.96%
Management
14 officers
Tsuyoshi HASHIMOTO
Chairman of the Board, Director
Apr 1982 Joined the Company Jun 2008 General Manager, LNG Carrier Division Jun 2009 Executive Officer, General Manager, LNG Carrier Division (concurrent) Jun 2011 Executive Officer Managing Executive Officer Director, Managing Executive Officer Director, Senior Managing Executive Officer Representative Director, Executive Vice President and Executive Officer Representative Director, President and Executive Officer Representative Director, Chairman Director, Chairman of the Board (current)
1957-10-14
Jotaro TAMURA
Representative Director, President and Executive Officer
Apr 1991 Joined the Company Apr 2018 Managing Director, Region Head - Europe and Africa, Ocean Network Express (Europe) Ltd. Apr 2020 General Manager, Corporate Planning Division Apr 2022 Managing Executive Officer Senior Managing Executive Officer President and Executive Officer Representative Director, President and Executive Officer (current)
1968-09-19
Hisashi UMEMURA
Representative Director, Executive Vice President and Executive Officer
Apr 1992 Joined the Company Apr 2018 General Manager, Finance Division Apr 2021 Executive Officer Apr 2022 Managing Executive Officer Jun 2023 Director, Managing Executive Officer Apr 2024 Director, Senior Managing Executive Officer Jun 2024 Senior Managing Executive Officer Executive Vice President and Executive Officer Representative Director, Executive Vice President and Executive Officer (current)
1968-06-08
Kazuya HAMASAKI
Representative Director, Executive Vice President and Executive Officer
Apr 1992 Joined the Company Apr 2020 Joined the Company; General Manager, LNG Carrier Division Apr 2021 Executive Officer Apr 2023 Managing Executive Officer Apr 2024 Senior Managing Executive Officer Jun 2024 Director, Senior Managing Executive Officer Apr 2025 Representative Director, Senior Managing Executive Officer Representative Director, Executive Vice President and Executive Officer (current)
1969-03-26
Sanae SONODA
Director, Managing Executive Officer
Apr 1992 Joined the Company Apr 2021 Joined Takashimaya Co., Ltd.; Joined the Company Apr 2022 General Manager, Corporate Communications Division Apr 2024 Executive Officer Apr 2026 Managing Executive Officer Jun 2026 Director, Managing Executive Officer (current)
1969-05-16
Atsushi TOYONAGA
Director
Apr 1981 Joined the Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Jul 2007 Deputy Director-General, Minister's Secretariat, Ministry of Economy, Trade and Industry (in charge of Diet affairs and policy coordination) Jul 2010 Deputy Commissioner, Small and Medium Enterprise Agency Aug 2011 Deputy Director-General, Minister's Secretariat (Commerce and Distribution) Sep 2012 Deputy Director-General, Minister's Secretariat (Commerce, Distribution and Safety), Ministry of Economy, Trade and Industry Jun 2013 Representative Director and Senior Managing Director, Head of SME Business Division, Japan Finance Corporation Jul 2015 Commissioner, Small and Medium Enterprise Agency Nov 2016 Advisor, Mizuho Bank, Ltd. Apr 2019 President, Organization for Small & Medium Enterprises and Regional Innovation, Japan Jun 2024 Chairman, Distribution Systems Development Center (current) Jun 2024 Director of the Company (current) Significant concurrent positions: Chairman, Distribution Systems Development Center
1956-08-18
Hiroshi YAMAGUCHI
Director
Apr 1983 Joined the Ministry of Transport (now Ministry of Land, Infrastructure, Transport and Tourism) Jul 2014 Deputy Commissioner, Japan Tourism Agency, Ministry of Land, Infrastructure, Transport and Tourism Oct 2015 Executive Advisor, Corporate Planning Division, Mitsui & Co., Ltd. Apr 2016 Executive Officer, Mitsui & Co., Ltd.; President and Representative Director, Mitsui & Co. Global Strategic Studies Institute Jul 2020 Executive Officer, Mitsui & Co., Ltd.; Assistant to CSO and Assistant to CDIO Apr 2023 Special Advisor, Mitsui & Co., Ltd. Jun 2024 Outside Director, Nichirei Corporation (current) Jun 2024 Director of the Company (current) Significant concurrent positions: Outside Director, Nichirei Corporation
1961-03-31
Eiji HASHIMOTO
Director
Apr 1979 Joined Nippon Steel Corporation Apr 2009 Executive Officer, Nippon Steel Corporation Oct 2012 Joined Nippon Steel & Sumitomo Metal Corporation (now Nippon Steel Corporation); Executive Officer Apr 2013 Managing Executive Officer Apr 2016 Executive Vice President and Executive Officer Jun 2016 Representative Director, Executive Vice President Apr 2019 Representative Director, President Apr 2024 Representative Director, Chairman Jun 2025 Representative Director, Chairman and CEO, Nippon Steel Corporation (current) Director of the Company (current) Significant concurrent positions: Representative Director, Chairman and CEO, Nippon Steel Corporation; Vice Chairman, Keidanren (Japan Business Federation)
1955-12-07
Seishi HYODO
Director
Apr 1984 Joined the Company Apr 2012 Joined Sumitomo Corporation; Executive Officer Apr 2015 Managing Executive Officer Jun 2016 Representative Director, Managing Executive Officer Apr 2017 Executive Vice President and Executive Officer Jun 2017 Representative Director, Executive Vice President Apr 2018 President and Executive Officer, CEO Jun 2018 Representative Director, President and Executive Officer, CEO Apr 2024 Chairman of the Board, Sumitomo Corporation (current) Jun 2025 Outside Director, Sony Group Corporation (current) Jun 2025 Director of the Company (current) Significant concurrent positions: Chairman, Sumitomo Corporation; Outside Director, Sony Group Corporation; Vice Chairman, Keidanren (Japan Business Federation)
1959-06-26
Keiko TANAKA
Director
Apr 1984 Joined the Company Apr 2011 Joined Nissan Motor Co., Ltd. Apr 2013 Seconded to JATCO Ltd.; General Manager, Corporate Planning Division, Public Relations Oct 2014 Executive Officer (treatment), JATCO Ltd. Ambassador Extraordinary and Plenipotentiary to Uruguay Apr 2018 Executive Officer, Nissan Financial Services Co., Ltd. Jun 2019 Outside Director, Kurita Water Industries Ltd. Apr 2022 Managing Executive Officer, Nissan Financial Services Co., Ltd. Jun 2024 Outside Director, Nissui Corporation (current) Jun 2025 Director of the Company (current) Significant concurrent positions: Outside Director, Nissui Corporation
1960-05-24
Kayo ICHIKAWA
Full-time Audit & Supervisory Board Member
Apr 1983 Joined the Company Apr 2014 Joined the Company; General Manager, Public Relations Office Apr 2017 Executive Officer Apr 2020 Advisor Jun 2020 President and Representative Director, MOL Business Support Co., Ltd. Apr 2025 Special Advisor, MOL Business Support Co., Ltd. Jun 2025 Full-time Audit & Supervisory Board Member of the Company (current)
1963-02-07
Toshinobu SHINODA
Full-time Audit & Supervisory Board Member
Apr 1985 Joined the Company Jun 2015 General Manager, Finance Division Jun 2017 Executive Officer; General Manager, Finance Division Jun 2018 Executive Officer; General Manager, Corporate Planning Division Apr 2020 Managing Executive Officer Apr 2022 Senior Managing Executive Officer Apr 2025 Executive Vice President and Executive Officer Jun 2025 Apr 2026 Jun 2026 Representative Director, Executive Vice President and Executive Officer; Director; Full-time Audit & Supervisory Board Member (current)
1963-03-30
Hitoshi MIMORI
Audit & Supervisory Board Member
Apr 1993 Admitted as attorney, Daini Tokyo Bar Association Jun 2015 Joined Asahi Law Offices (now Managing Partner) Advisor Managing Director, Enterprise Turnaround Initiative Corporation of Japan Apr 2018 Outside Audit & Supervisory Board Member, Kua & Hotel Co., Ltd. May 2020 Jun 2022 Representative Director, Turnaround Research Institute Audit & Supervisory Board Member of the Company (current) Significant concurrent positions: Managing Partner, Asahi Law Offices; Director, Azabu Educational Institution
1966-01-22
Fumiko TAKEDA
Audit & Supervisory Board Member
Apr 1991 Joined Nomura Research Institute, Ltd. Apr 2003 Associate Professor, Faculty of Commerce, Yokohama City University Mar 2004 Associate Professor, Department of Systems Innovation, School of Engineering, The University of Tokyo Apr 2007 Associate Professor, Department of Systems Innovation, School of Engineering, The University of Tokyo Sep 2007 Visiting Associate Professor, Department of Economics, Yale University Jan 2008 Visiting Professor, Alberta School of Business, University of Alberta Apr 2015 Same as above Jul 2015 Visiting Researcher, University of Illinois Apr 2022 Professor, Graduate School of Business Administration, Keio University (current) Jun 2023 Audit & Supervisory Board Member of the Company (current) Significant concurrent positions: Professor, Graduate School of Business Administration, Keio University; Member, Antimonopoly Discussion Group, Japan Fair Trade Commission; Member, Information and Communications and Postal Administration Council, Ministry of Internal Affairs and Communications
1968-06-10
Large Shareholding Reports
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2026-06-03
5.06%→5.13%
BlackRock Fund Advisors
2026-05-22
2.00%→2.20%
Amova Asset Management Co., Ltd.
2026-03-19
2.67%→2.60%
Amova Asset Management Co., Ltd.
2026-02-19
2.71%→2.67%
Amova Asset Management Co., Ltd.
2026-02-05
2.85%→2.71%
Nomura Asset Management Co., Ltd.
2026-01-08
4.81%→5.06%
BlackRock Japan Co., Ltd.
2025-12-03
2.56%→2.30%
Amova Asset Management Co., Ltd.
2025-10-21
2.79%→2.85%
Amova Asset Management Co., Ltd.
2025-10-06
2.77%→2.79%
Nomura Asset Management Co., Ltd.
2025-10-06
4.75%→4.81%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.71%→2.93%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
EDINET
2026-06-03
Large Shareholding Report
EDINET
2026-05-22
Large Shareholding Report
EDINET
2026-03-31
中期経営計画
EDINET
2026-03-19
Large Shareholding Report
EDINET
2026-02-19
Large Shareholding Report
EDINET
2026-02-05
Large Shareholding Report
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-08
Large Shareholding Report
EDINET
2025-12-03
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
EDINET
2025-10-21
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
EDINETAmended
2024-10-30
Amended Annual Securities Report
EDINETAmended
2024-07-31
Amended Annual Securities Report
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
EDINET
2024-02-09
Quarterly Securities Report
EDINET
2023-11-10
Quarterly Securities Report
EDINET
2023-08-09
Quarterly Securities Report
EDINETAmended
2023-06-30
Amended Annual Securities Report
EDINET
2023-06-20
Annual Securities Report
EDINET
2023-02-09
Quarterly Securities Report
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