Mitsui & Co Ltd: Half-yearly Report

  Mitsui & Co Ltd: Half-yearly Report

UK Regulatory Announcement

LONDON

This announcement is for our U.S.$5,000,000,000 Euro Medium Term Note
Programme.

Consolidated Financial Results for the Six-Month Period Ended September 30, 2013
[Based on accounting principles generally accepted in the United States of America ("U.S. GAAP")
]
Tokyo, November 5, 2013 - Mitsui & Co., Ltd. announced its consolidated financial results for the
six-month period ended September 30, 2013.
                                                     
Mitsui & Co., Ltd. and subsidiaries
(Web Site : http://www.mitsui.com/jp/en/)
                                                                                        
President and Chief Executive Officer : Masami Iijima
Investor Relations Contacts : Michihiro Nose, General Manager, Investor Relations Division TEL
81-3-3285-7533
                                                                                        
1. Consolidated financial results (Unreviewed)
(1) Consolidated operating results information for the six-month period ended September 30, 2013
(from April 1, 2013 to September 30, 2013)
                                                                                        
                                                         
                                          Six-month period ended

                                          September 30,
                                                                            
                                          2013                  2012                
                                   %                  %    
Revenues            Millions  2,872,305    21.4   2,365,898    △    
                               of yen                                              10.0
Income before Income Taxes    Millions  202,408      26.3   160,302      △    
and Equity in Earnings         of yen                                              30.8
Net income attributable to    Millions  197,201      17.1   168,337      △    
Mitsui & Co., Ltd.             of yen                                              25.9
Net income attributable to
Mitsui & Co., Ltd. per         Yen      108.05                92.24       
share, basic
Net income attributable to
Mitsui & Co., Ltd. per        Yen     108.05             -                
share, diluted
Notes
:
1.Percentage figures for Revenues, Income before Income Taxes and Equity in Earnings, and Net
income attributable to

  Mitsui & Co., Ltd. represent changes from the previous year.
2.Comprehensive Income for the six-month periods ended September 30, 2013 and 2012 were ¥209,908
million (1,383.6 %) and

¥14,149 million ( - %) , respectively.
3.Diluted net income attributable to Mitsui & Co., Ltd. per share for the period ended September
30, 2012 is

not disclosed as there are no dilutive potential shares.
                                                                                        
(2) Consolidated financial position information
                                                    
                                          September 30, 2013     March 31, 2013
                                                    
Total assets                 Millions  10,441,926            10,324,581
                               of yen
Total equity (net worth)     Millions  3,604,353             3,440,104
                               of yen
Mitsui & Co., Ltd.        Millions  3,351,099             3,181,819
shareholders' equity           of yen
Mitsui & Co., Ltd.
shareholders' equity       %      32.1                  30.8
ratio
Mitsui & Co., Ltd.
shareholders' equity per    Yen       1,836.06              1,743.34
share
                                                                                        
2. Dividend information
                                                          
                                                                                        Year
                                                                                        ending
                                          Year ended March 31,                      March 31,
                                                                                        2014
                                                                                        (Forecast)
                       2014                 2013                
Interim dividend per        Yen       25                   22                  
share
Year-end dividend per       Yen                           21                  26
share
Annual dividend per         Yen                           43                  51
share
                                                                                        

3. Forecast of consolidated operating results for the year ending March 31,
2014 (from April 1, 2013 to March 31, 2014)
                                        
                                                                 Year ending
                                              
                                                                 March 31,
                                                                 2014
                                        
Net income attributable to Mitsui & Co., Ltd.     Millions    370,000
                                                    of yen
Net income attributable to Mitsui & Co., Ltd.     Yen         202.74
per share, basic
                                                                 
Note :
We maintain our forecast net income attributable to Mitsui & Co., Ltd. for the
year ending March 31, 2014 of ¥370.0 billion announced together with the
results of fiscal year ended March 2013. No updates have been made to this
forecast.
                                                                 
4. Others
(1) Increase/decrease of important subsidiaries during the
period : None
                                                                 
(2) Number of shares :
                                        
                               September 30,  March 31,
                                                 2013            2013
                                        
Number of shares of common stock issued,        1,829,153,527  1,829,153,527
including treasury stock
Number of shares of treasury              3,991,092      4,027,206
stock
                                        
                                                 Six-month       Six-month
                               period ended   period ended
                                                 September 30,   September 30,
                                                 2013            2012
                                        
Average number of shares of common stock       1,825,144,542  1,824,947,980
outstanding
                                                                 
                                                                 
Disclosure Regarding Quarterly Review Procedures:
As of the date of disclosure of this quarterly earnings report, a review of
the quarterly financial statements is being carried out in accordance with the
Financial Instruments and Exchange Act.
                                                                 
A Cautionary Note on Forward-Looking Statements:
This report contains forward-looking statements including those concerning
future performance of Mitsui & Co., Ltd. ("Mitsui"), and those statements are
based on Mitsui's current assumptions, expectations and beliefs in light of
the information currently possessed by it. Various factors may cause Mitsui's
actual results to be materially different from any future performance
expressed or implied by these forward-looking statements.
Therefore, these statements do not constitute a guarantee by Mitsui that such
future performance will be realized.
For key assumptions on which the statements concerning future performance are
based, please refer to (2) "Forecasts for the Year Ending March 31, 2014" on
p.17. For cautionary notes with respect to forward-looking statements, please
refer to the "Notice" section on p.20.
                                                                 
                                                                 
Supplementary materials and IR meeting on financial results:
Supplementary materials on financial results can be found on our web site.
We will hold an IR meeting on financial results for analysts and institutional
investors on November 6, 2013.
Contents of the meeting (English and Japanese) will be posted on our web site
immediately after the meeting.

                                      --

Table of Contents

1. Qualitative Information                                              
(1) Operating Environment                                                   2
(2) Results of Operations                                                   2
(3) Financial Condition and Cash Flows                                      12
                                                                            
2. Management Policies
(1) Result and Forecast for Investment and Loan Plan                        16
(2) Forecasts for the Year Ending March 31, 2014                            17
(3) Shareholder Return Policy                                               19
                                                                            
3. Other Information                                                        20
                                                                            
4. Consolidated Financial Statements
(1) Consolidated Balance Sheets                                             21
(2) Statements of Consolidated Income and Comprehensive Income (Loss)       23
(3) Statements of Consolidated Cash Flows                                   24
(4) Assumption for Going Concern                                            24
(5) Significant Changes in Shareholder’s Equity                             24
(6) Operating Segment Information                                           25
                                                                            

1. Qualitative Information

As of the date of disclosure of this quarterly earnings report, a review of
the quarterly financial statements is being carried out in accordance with the
Financial Instruments and Exchange Act.

(1) Operating Environment

During the six-month period ended September 30, 2013, the global economy
continued to recover at a moderate pace, supported mainly by firm growth in
Japan, the U.S. and China. However, concerns about an economic downturn
persisted.

The U.S. economy is currently driving growth in the global economy. The number
of people in employment in the U.S. rose steadily and consumer spending,
capital investment and housing investment continued to improve gradually,
despite issues surrounding the government debt ceiling and concerns that the
U.S. Quantitative Easing (QE3) will be gradually scaled back. In Japan,
consumer spending increased and exports expanded, supported by the weak yen.
The impact of fiscal stimulus measures is also starting to emerge. Japan is
expected to achieve the highest rate of GDP growth among the major advanced
economies in 2013. Europe registered its first quarter of positive growth in
three quarters. However, employment and personal income conditions are not
improving and consumer spending and capital investment are weak, indicating
that full economic recovery is still some way off. In Brazil, India, Indonesia
and some other emerging countries, indications that QE3 will be scaled back
have led to fears that funds could flow out of those countries. This is
fueling concerns that their economies could also lose steam, with a weakening
in local currencies leading to increased inflationary pressures, forcing
governments to increase interest rates in order to control inflation and
protect their currencies.

With respect to China, which appears to be shifting its policy focus from the
pace of growth to the sustainability of growth, some had voiced concerns the
economy could be heading for a hard landing. However, the impact of additional
infrastructure spending announced by the government since July is now feeding
through and there is a growing consensus that China will be able to maintain
growth at around 7.5%. Market concerns about the pace of growth have also been
partly assuaged by government policy that downplays the importance of growth,
with the spot reference price for iron ore (Iron Ore (Fine) CFR North China
(Fe 62%)) traded in a range of around US$120-140 per ton and the Dubai Crude
spot price stable at around US$100-110 per barrel during the six-month period
ended September 30, 2013.

Although there is uncertainty about future U.S. policy responses and the
outlook for the Chinese economy, coupled with geopolitical risks, our view
that the global economy as a whole will continue to expand at a moderate pace
is unchanged.

(2) Results of Operations

1) Analysis of Consolidated Income Statements

Revenues

Mitsui & Co., Ltd. (“Mitsui”) and its subsidiaries (collectively “we”)
recorded total revenues of ¥2,872.3 billion for the six-month period ended
September 30, 2013, an increase of ¥506.4 billion from ¥2,365.9 billion for
the corresponding six-month period of the previous year.

Revenues from sales of products for the six-month period ended September 30,
2013 were ¥2,617.2 billion, an increase of ¥499.5 billion from ¥2,117.7
billion for the corresponding six-month period of the previous year, as a
result of the following:

  *The Energy Segment reported an increase of ¥121.0 billion. Petroleum
    trading operations recorded an increase of ¥97.4 billion due to the
    increase in trading volume, while oil and gas producing operations
    recorded an increase of ¥21.8 billion reflecting the depreciation of the
    Japanese yen.
  *The Chemicals Segment reported an increase of ¥113.0 billion mainly
    attributable to a recovery of trading activities of petrochemical
    materials.
  *The Mineral & Metal Resources Segment reported an increase of ¥83.0
    billion. Iron ore mining operations in Australia reported an increase of
    ¥41.9 billion due to the depreciation of the Japanese yen and an increase
    in sales volume owing to increased capacity.
  *The Lifestyle Segment reported an increase of ¥73.1 billion due to an
    increase in trading volume of grain.
  *The Americas Segment reported an increase of ¥69.7 billion, attributable
    to the depreciation of the Japanese yen; an increase in trading volume of
    grain; and new contributions from Cinco Pipe And Supply, LLC (United
    States.)

Revenues from sales of services for the six-month period ended September 30,
2013 were ¥202.0 billion, an increase of ¥16.6 billion from ¥185.4 billion for
the corresponding six-month period of the previous year.

Revenues from other sales for the six-month period ended September 30, 2013
were ¥53.2 billion, a decline of ¥9.6 billion from ¥62.8 billion for the
corresponding six-month period of the previous year. The commodity derivatives
trading business at Mitsui recorded a decline in revenues from other sales
corresponding to an improvement of ¥12.7 billion in the foreign exchange gains
and losses posted in other expenses-net.

Gross Profit

Gross profit for the six-month period ended September 30, 2013 was ¥430.0
billion, an increase of ¥37.0 billion from ¥393.0 billion for the
corresponding six-month period of the previous year as a result of the
following:

  *The Mineral & Metal Resources Segment reported an increase of ¥24.4
    billion. Iron ore mining operations in Australia reported an increase of
    ¥22.3 billion due to the depreciation of the Japanese yen and an increase
    in sales volume owing to increased capacity.
  *The Iron & Steel Products Segment reported an increase of ¥8.4 billion,
    attributable to the positive impact of the depreciation of the Japanese
    yen, solid sales of tubular products and increased export volume from
    Japan.
  *The Machinery & Infrastructure Segment reported an increase of ¥6.6
    billion. Automotive-related and mining and construction machinery-related
    businesses in South America achieved a solid performance.
  *The Chemicals Segment reported an increase of ¥6.2 billion, due to the
    depreciation of the Japanese yen; recovery of trading activities of
    petrochemical materials; and strong sales of agricultural chemicals.
  *The Innovation & Corporate Development Segment reported a decline of ¥15.0
    billion. The commodity derivatives trading business at Mitsui recorded a
    decline in gross profit corresponding to an improvement of ¥12.7 billion
    in the foreign exchange gains and losses posted in other expenses-net.

Selling, General and Administrative Expenses

Selling, general and administrative expenses for the six-month period ended
September 30, 2013 were ¥278.6 billion, an increase of ¥27.1 billion from
¥251.5 billion for the corresponding six-month period of the previous year.
The depreciation of the Japanese yen increased selling, general and
administrative expenses of overseas subsidiaries.

The table below provides a breakdown of selling, general and administrative
expenses used for our internal review.

[Table Omitted]

The table below provides selling, general and administrative expenses broken
down by operating segments.

[Table Omitted]

Provision for Doubtful Receivables

Provision for doubtful receivables for the six-month period ended September
30, 2013 was ¥5.4 billion, a decline of ¥1.8 billion from ¥7.2 billion for the
corresponding six-month period of the previous year. The provisions for both
periods represented aggregated reserves for individually small receivables.

Interest Expense (Income)—Net

Interest expense, net of interest income, for the six-month period ended
September 30, 2013 was ¥7.2 billion, an increase of ¥0.9 billion from ¥6.3
billion of expense for the corresponding six-month period of the previous
year. The following table provides the month-end average of three-month Tibor
for the Japanese yen and three-month Libor for the U.S. dollar for the
six-month periods ended September 30, 2013 and 2012.

Month-end average of three-month rate (%p.a.)
              Six-month period ended September 30,
                2012                     2013
Japanese yen     0.33                       0.23
U.S. dollar      0.44                       0.27
                                            

Dividend Income

Dividend income for the six-month period ended September 30, 2013 was ¥64.5
billion, an increase of ¥18.1 billion from ¥46.4 billion for the corresponding
six-month period of the previous year. Dividends from six LNG projects (Abu
Dhabi, Oman, Qatargas 1 and 3, Equatorial Guinea, and Sakhalin II) were ¥52.9
billion in total, an increase of ¥15.7 billion from ¥37.2 billion for the
corresponding six-month period of the previous year, mainly due to an increase
in dividends received from the Sakhalin II project.

Gain on Sales of Securities—Net

Gain on sales of securities for the six-month period ended September 30, 2013
was ¥17.0 billion, an increase of ¥1.3 billion from ¥15.7 billion for the
corresponding six-month period of the previous year.

  *For the six-month period ended September 30, 2013, a gain on the sale of
    shares in Daicel Corporation for ¥3.3 billion; a gain on the exchange of
    shares in Mikuni Coca-Cola Bottling Co., Ltd. for ¥3.2 billion; and a gain
    on the sale of overseas listed shares for ¥3.2 billion were recorded.
  *For the corresponding six-month period of the previous year, a ¥5.5
    billion gain related to equity dilution in IHH Healthcare Bhd. (Malaysia)
    and a ¥4.8 billion gain on the sale of shares in Nihon Unisys, Ltd. were
    recorded.

Loss on Write-Downs of Securities

Loss on write-downs of securities for the six-month period ended September 30,
2013 was ¥10.6 billion, an improvement of ¥7.8 billion from ¥18.4 billion for
the corresponding six-month period of the previous year.

  *For the six-month period ended September 30, 2013, an impairment loss of
    ¥4.9 billion on preferred shares of Valepar S.A. was recorded reflecting
    an other-than-temporary decline related to a foreign exchange translation
    loss in the investment value of the current portion of preferred shares.
    Furthermore, an impairment loss of ¥3.3 billion on investment in an LNG
    project was recorded reflecting an other-than-temporary decline in the
    investment value.
  *For the corresponding six-month period of the previous year, impairment
    losses on listed shares of ¥4.9 billion in an iron & steel company and
    ¥3.0 billion in Mitsui Chemicals Inc. were recorded reflecting the decline
    in share prices. Meanwhile, an impairment loss of ¥2.6 billion on
    preferred shares of Valepar S.A. was recorded in the same manner as the
    six-month period ended September 30, 2013.

Gain (Loss) on Disposal or Sales of Property and Equipment—Net

Gain on disposal or sales of property and equipment for the six-month period
ended September 30, 2013 was ¥1.8 billion, an increase of ¥0.3 billion from
¥1.5 billion for the corresponding six-month period of the previous year.
There were miscellaneous small transactions in both periods.

Impairment Loss of Long-Lived Assets

Impairment loss of long-lived assets for the six-month period ended September
30, 2013 was ¥0.4 billion, an increase of ¥0.2 billion from ¥0.2 billion for
the corresponding six-month period of the previous year.

Other Expenses (Income)—Net

Other expense for the six-month period ended September 30, 2013 was ¥8.7
billion, an improvement of ¥4.0 billion from ¥12.7 billion for the
corresponding six-month period of the previous year.

  *For the six-month period ended September 30, 2013, Mitsui recorded a
    foreign exchange gain of ¥7.5 billion in the commodity derivatives trading
    business in the Innovation & Corporate Development Segment, which
    corresponded to related revenues and gross profit in the segment.
    Meanwhile, exploration expenses totaled ¥11.5 billion, including those
    recorded at oil and gas producing businesses.
  *For the corresponding six-month period of the previous year, exploration
    expenses totaled ¥14.0 billion, including those recorded at oil and gas
    producing businesses. Furthermore, the Innovation & Corporate Development
    Segment recorded a foreign exchange loss of ¥5.2 billion in the commodity
    derivatives trading business at Mitsui, which corresponded to related
    revenues and gross profit in the segment.

Income Taxes

Income taxes for the six-month period ended September 30, 2013 were ¥89.3
billion, an increase of ¥11.7 billion from ¥77.6 billion for the corresponding
six-month period of the previous year.

  *“Income before income taxes and equity in earnings” for the six-month
    period ended September 30, 2013 was ¥202.4 billion, an increase of ¥42.1
    billion from ¥160.3 billion for the corresponding six-month period of the
    previous year. In response, applicable income taxes also increased.
  *Reversal of deferred tax liabilities related to dividends received from
    the undistributed retained earnings of associated companies was
    approximately ¥11.5 billion for the six-month period ended September 30,
    2013, a decline of approximately ¥3.5 billion from the corresponding
    six-month period of the previous year.

The effective tax rate on “Income before income taxes and equity in earnings”
for the six-month period ended September 30, 2013 was 44.1%, a decline of 4.3%
from 48.4% for the corresponding six-month period of the previous year. The
major factors for the decline were a decrease in the ratio of resource related
taxes with higher tax rates and the ratio of income tax effect recorded for
equity in earnings against “Income before income taxes and equity in
earnings,” while the factors for the increase include a decline in the ratio
of the aforementioned reversal of deferred tax liabilities.

Equity in Earnings of Associated Companies—Net

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥93.3 billion, a decline of ¥4.0 billion from ¥97.3
billion for the corresponding six-month period of the previous year as a
result of the following:

  *Reflecting an other-than-temporary decline in the investment value, a
    ¥14.1 billion impairment loss was recorded on the investment in SCM Minera
    Lumina Copper Chile (Chile), a project company for the Caserones copper
    and molybdenum project.
  *Valepar S.A. reported a decline of ¥6.1 billion, mainly due to the absence
    of the reversal of deferred tax liabilities recorded for the corresponding
    previous year and a decline in iron ore prices, despite a positive impact
    of exchange rate fluctuations including the depreciation of the Japanese
    yen.
  *The Lifestyle Segment recorded an impairment loss reflecting an
    other-than-temporary decline in the investment value recorded for an
    associated company.
  *Robe River Mining Co. Pty. Ltd. (Australia) reported an increase of ¥6.8
    billion, reflecting the depreciation of the Japanese yen.
  *IPP businesses reported an increase of ¥6.0 billion in earnings due to an
    improvement of ¥3.0 billion in mark-to-market valuation gains and losses,
    such as those on power derivative contracts and fuel purchase contracts.
    Hezhou and Paiton 3, which commenced commercial operation, also
    contributed to the increase.
  *Japan Australia LNG (MIMI) Pty. Ltd. (Australia) reported an increase
    reflecting an increase in production as well as the depreciation of the
    Japanese yen.

Net Income attributable to Noncontrolling Interests

Net income attributable to noncontrolling interests for the six-month period
ended September 30, 2013 was ¥9.2 billion, a decline of ¥2.5 billion from
¥11.7 billion for the corresponding six-month period of the previous year.

Net Income attributable to Mitsui & Co., Ltd.

As a result, net income attributable to Mitsui & Co., Ltd. for the six-month
period ended September 30, 2013 was ¥197.2 billion, an increase of ¥28.9
billion from ¥168.3 billion for the corresponding six-month period of the
previous year.

2) Operating Results by Operating Segment

Effective April 1, 2013, the Innovation & Cross Function Segment changed its
name to the Innovation & Corporate Development Segment. Logistics
infrastructure businesses, including development and management of ports and
airport terminal, advanced materials related businesses such as liquid crystal
and electronic devices, and media-related businesses such as TV shopping and
broadcasting, all included in the Innovation & Cross Function Segment until
March 31, 2013, were transferred to the Machinery & Infrastructure Segment,
Chemicals Segment, and Lifestyle Segment, respectively, at the beginning of
the six-month period ended September 30, 2013. Meanwhile, steel scrap related
businesses of Mitsui Bussan Metals Co., Ltd. in the Mineral & Metal Resources
Segment were transferred to Mitsui & Co. Steel Ltd. in the Iron & Steel
Products Segment at the beginning of the six-month period ended September 30,
2013. The operating segment information for the corresponding six-month period
of the previous year has been restated to conform to the current period
presentation.

Iron & Steel Products Segment

Gross profit for the six-month period ended September 30, 2013 was ¥26.8
billion, an increase of ¥8.4 billion from ¥18.4 billion for the corresponding
six-month period of the previous year. Major factors included the positive
impact of the depreciation of the Japanese yen, solid sales of tubular
products including line pipe and increased export volume from Japan.

Operating income for the six-month period ended September 30, 2013 was ¥8.0
billion, an increase of ¥8.7 billion from ¥0.7 billion of operating loss for
the corresponding six-month period of the previous year.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥3.1 billion, an increase of ¥2.0 billion from ¥1.1
billion for the corresponding six-month period of the previous year.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥6.7 billion, an increase of ¥8.0 billion from a net
loss of ¥1.3 billion for the corresponding six-month period of the previous
year. In addition to the above, an impairment loss of ¥4.3 billion on listed
shares in an iron & steel company reflecting the decline in share price was
recorded for the corresponding six-month period of the previous year.

Mineral & Metal Resources Segment

[Graph Omitted]

Gross profit for the six-month period ended September 30, 2013 was ¥99.6
billion, an increase of ¥24.4 billion from ¥75.2 billion for the corresponding
six-month period of the previous year. The main factor behind the increase was
a positive impact from the depreciation of the Japanese yen on iron ore mining
operations in Australia.

As for iron ore pricing, the majority of contract prices applied to products
sold during the six-month period

ended September 30, 2013 were based on pricing that more closely reflects
current spot reference prices, the same pricing as applied in the
corresponding six-month period of the previous year, such as a daily average
of spot reference prices for the current quarter of shipment and a daily
average of spot reference prices for the shipment month.

Mitsui Iron Ore Development Pty. Ltd. (Australia) and Mitsui-Itochu Iron Pty.
Ltd. (Australia) reported increases of ¥14.7 billion and ¥7.6 billion in gross
profit, respectively, reflecting the depreciation of the Japanese yen and an
increase in iron ore sales volume owing to increased capacity.

Operating income for the six-month period ended September 30, 2013 was ¥80.5
billion, an increase of ¥21.9 billion from ¥58.6 billion for the corresponding
six-month period of the previous year. Despite the increase in gross profit,
selling, general and administrative expenses increased.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥23.2 billion, a decrease of ¥12.1 billion from ¥35.3
billion for the corresponding six-month period of the previous year.

  *Reflecting an other-than-temporary decline in the investment value, a
    ¥14.1 billion impairment loss was recorded on the investment in SCM Minera
    Lumina Copper Chile, a project company for the Caserones copper and
    molybdenum project.
  *Valepar S.A. posted earnings of ¥11.8 billion, a decline of ¥6.1 billion
    from ¥17.9 billion for the corresponding six-month period of the previous
    year. The major factors for the decline were the absence of a reversal of
    deferred tax liabilities recorded for the corresponding six-month period
    of the previous year and a decline in iron ore prices, despite a positive
    impact of exchange rate fluctuations including the depreciation of the
    Japanese yen.
  *The scrap metal recycling business in which Mitsui Raw Materials
    Development Pty. Limited (Australia) invests, reported a decline of ¥3.3
    billion, reflecting impairment losses on inventories and long-lived
    assets.
  *Earnings at Robe River Mining Co. Pty. Ltd., an iron ore mining company in
    Australia, were ¥22.9 billion, an increase of ¥6.8 billion from ¥16.1
    billion for the corresponding six-month period of the previous year,
    reflecting the depreciation of the Japanese yen.
  *Equity in earnings of SUMIC Nickel Netherlands B.V. (Netherlands) improved
    from the corresponding six-month period of the previous year, due to the
    discontinuation of applying the equity method on investment in Vale
    Nouvelle-Calédonie S.A.S, owing to the dilution of ownership interest.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥44.7 billion, a decrease of ¥5.5 billion from ¥50.2
billion for the corresponding six-month period of the previous year.

Machinery & Infrastructure Segment

Gross profit for the six-month period ended September 30, 2013 was ¥54.3
billion, an increase of ¥6.6 billion from ¥47.7 billion for the corresponding
six-month period of the previous year.

  *The Infrastructure Projects Business Unit reported an increase of ¥0.5
    billion.
  *The Integrated Transportation Systems Business Unit reported an increase
    of ¥6.2 billion. Automotive-related and mining and construction
    machinery-related businesses in South America achieved a solid
    performance.

Operating loss for the six-month period ended September 30, 2013 was ¥6.8
billion, an improvement of ¥2.8 billion from ¥9.6 billion for the
corresponding six-month period of the previous year. Despite the increase in
gross profit, selling, general and administrative expenses increased.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥15.4 billion, an increase of ¥1.4 billion from ¥14.0
billion for the corresponding six-month period of the previous year.

  *The Infrastructure Projects Business Unit reported an increase of ¥9.0
    billion. IPP businesses reported equity in earnings of ¥7.8 billion in
    total, an increase of ¥6.0 billion from ¥1.8 billion for the corresponding
    six-month period of the previous year. Mark-to-market valuation gains and
    losses, such as those on long-term power derivative contracts and
    long-term fuel purchase contracts, improved by ¥3.0 billion to a loss of
    ¥1.5 billion from a loss of ¥4.5 billion for the corresponding six-month
    period of the previous year. In addition, coal-fired plants, Hezhou in
    China and Paiton 3 in Indonesia, which commenced commercial operation,
    were new contributors.
  *The Integrated Transportation Systems Business Unit reported a decline of
    ¥7.6 billion. The main causes of the decrease included a decline in
    automotive-related business in North America and the research and
    development cost incurred for the development of a new aircraft engine
    with General Electric Company.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥9.0 billion, an increase of ¥1.5 billion from ¥7.5
billion for the corresponding six-month period of the previous year.

Chemicals Segment

Gross profit for the six-month period ended September 30, 2013 was ¥40.1
billion, an increase of ¥6.2 billion from ¥33.9 billion for the corresponding
six-month period of the previous year.

  *The Basic Chemicals Business Unit reported an increase of ¥2.6 billion due
    to the recovery of underperforming trading activities of petrochemical
    materials for the corresponding six-month period of the previous year.
  *The Performance Chemicals Business Unit reported an increase of ¥3.6
    billion. The major factors included the positive effect of the
    depreciation of the Japanese yen and strong sales of agricultural
    chemicals at Mitsui AgriScience International SA/NV (Belgium.)

Operating income for the six-month period ended September 30, 2013 was ¥6.5
billion, an increase of ¥3.4 billion from ¥3.1 billion for the corresponding
six-month period of the previous year, reflecting an increase in gross profit.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥3.2 billion, a decline of ¥0.8 billion from ¥4.0
billion for the corresponding six-month period of the previous year.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥9.5 billion, an increase of ¥10.5 billion from a net
loss of ¥1.0 billion for the corresponding six-month period of the previous
year. In addition to the above-mentioned factors, the following factors also
affected results:

  *For the six-month period ended September 30, 2013, this segment recorded a
    gain of ¥3.3 billion on the sale of shares in Daicel Corporation.
  *For the corresponding six-month period of the previous year, this segment
    recorded an impairment loss of ¥3.0 billion on listed shares in Mitsui
    Chemicals Inc. reflecting the decline in share price.

Energy Segment

[Graph Omitted]

The weighted average crude oil prices applied to our operating results for the
six-month period ended September 30, 2013 and 2012 were estimated to be US$111
and US$117 per barrel, respectively.

Gross profit for the six-month period ended September 30, 2013 was ¥96.5
billion, a decline of ¥1.0 billion from ¥97.5 billion for the corresponding
six-month period of the previous year, primarily due to the following factors:

  *Mitsui E&P Middle East B.V. (Netherlands) reported an increase of ¥11.7
    billion due to an increase in oil

production volume as well as the depreciation of the Japanese yen.

  *Mitsui Oil Exploration Co., Ltd. reported an increase of ¥5.9 billion due
    to the depreciation of the Japanese yen.
  *Mitsui E&P USA LLC (United States) reported an increase of ¥3.3 billion
    due to a reduction in unit depreciation costs associated with an increase
    in proved reserves of shale gas as well as higher gas prices.
  *Mitsui E&P Australia Pty Limited (Australia) reported a decline of ¥16.2
    billion due to a decline in production volume associated with overhauling
    of its oil production facility.
  *Mitsui Coal Holdings Pty. Ltd. (Australia) reported a decline of ¥12.2
    billion due to lower coal prices.

Operating income for the six-month period ended September 30, 2013 was ¥64.7
billion, a decline of ¥5.6 billion from ¥70.3 billion for the corresponding
six-month period of the previous year. In addition to a decline in gross
profit, selling, general and administrative expenses increased.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥30.3 billion, an increase of ¥7.5 billion from ¥22.8
billion for the corresponding six-month period of the previous year. Japan
Australia LNG (MIMI) Pty. Ltd. reported an increase reflecting an increase in
production volume as well as the depreciation of the Japanese yen.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥94.0 billion, an increase of ¥15.1 billion from ¥78.9
billion for the corresponding six-month period of the previous year. In
addition to the above, the following factors also affected results:

  *Dividends from six LNG projects (Abu Dhabi, Oman, Qatargas 1 and 3,
    Equatorial Guinea, and Sakhalin II) were ¥52.9 billion in total, an
    increase of ¥15.7 billion from ¥37.2 billion for the corresponding
    six-month period of the previous year, due mainly to an increase in
    dividends received from the Sakhalin II project.
  *For the six-month period ended September 30, 2013, a ¥3.3 billion
    impairment loss on investment in an LNG project was recorded reflecting an
    other-than-temporary decline in the investment value.
  *Reversal of deferred tax liabilities on undistributed retained earnings of
    associated companies at the time of profit distribution declined by
    approximately ¥3.0 billion from the corresponding six-month period of the
    previous year.
  *For the six-month period ended September 30, 2013, exploration expenses of
    ¥10.7 billion in total were recorded, including those recorded by Mitsui
    E&P Australia Pty Limited. For the corresponding six-month period of the
    previous year, exploration expenses totaled ¥13.6 billion, including those
    recorded by Mitsui E&P Mozambique Area 1 Limited (United Kingdom).

Lifestyle Segment

Gross profit for the six-month period ended September 30, 2013 was ¥56.1
billion, a decline of ¥0.2 billion from ¥56.3 billion for the corresponding
six-month period of the previous year.

  *The Food Resources Business Unit reported a decline of ¥0.8 billion.
  *The Food Products & Services Business Unit recorded a decline of ¥1.3
    billion reflecting the downturn in domestic businesses.
  *The Consumer Service Business Unit reported an increase of ¥2.0 billion,
    mainly attributable to the new contribution from Paul Stuart, Inc. (United
    States), which was acquired during the three-month period ended December
    31, 2012.

Operating loss for the six-month period ended September 30, 2013 was ¥7.9
billion, a deterioration of ¥5.3 billion from an operating loss of ¥2.6
billion for the corresponding six-month period of the previous year,
reflecting the increase in selling, general and administrative expenses.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥6.6 billion, a decline of ¥1.1 billion from ¥7.7
billion for the corresponding six-month period of the previous year.

  *The Food Resources Business Unit reported an increase of ¥3.3 billion. For
    the corresponding six-month period of the previous year, this business
    unit recorded a ¥2.9 billion impairment loss on listed shares in Mitsui
    Sugar Co., Ltd. due to the decline in share prices.
  *The Food Products & Services Business Unit recorded a decline of ¥0.4
    billion.
  *The Consumer Service Business Unit reported a decline of ¥4.1 billion. An
    impairment loss reflecting an other-than-temporary decline in the
    investment value was recorded for an associated company.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥8.0 billion, an increase of ¥2.4 billion from ¥5.6
billion for the corresponding six-month period of the previous year. In
addition to the above-mentioned factors, there are the following factors.

  *For the six-month period ended September 30, 2013, this segment recorded a
    gain on sale of securities of ¥10.4 billion in total, including a ¥3.2
    billion gain on the exchange of shares in Mikuni Coca-Cola Bottling Co.,
    Ltd. for Coca-Cola East Japan Co., Ltd.
  *For the corresponding six-month period of the previous year, MBK
    Healthcare Partners Limited (United Kingdom) recorded a ¥5.5 billion gain
    related to equity dilution in IHH Healthcare Bhd.

Innovation & Corporate Development Segment

Gross profit for the six-month period ended September 30, 2013 was ¥9.0
billion, a deterioration of ¥15.0 billion from ¥24.0 billion for the
corresponding six-month period of the previous year. Gross profit
corresponding to foreign exchange gains of ¥7.5 billion and losses of ¥5.2
billion related to the commodity derivatives trading business at Mitsui posted
in other expenses-net were included in gross profit for the six-month period
ended September 30, 2013 and for the corresponding six-month period of the
previous year, respectively; there was a decline in gross profit corresponding
to the ¥12.7 billion improvement of foreign exchange gains and losses.

Operating loss for the six-month period ended September 30, 2013 was ¥21.6
billion, a deterioration of ¥15.9 billion from ¥5.7 billion for the
corresponding six-month period of the previous year.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥6.3 billion, a decline of ¥0.8 billion from ¥7.1
billion for the corresponding six-month period of the previous year.

Net loss attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥3.7 billion, a decline of ¥10.3 billion from a net
income of ¥6.6 billion for the corresponding six-month period of the previous
year. In addition to the above-mentioned factors, the following factors also
affected the results:

  *For the six-month period ended September 30, 2013 and for the
    corresponding six-month period of the previous year, foreign exchange
    gains of ¥7.5 billion and losses of ¥5.2 billion, respectively, were
    posted in other expense-net in relation to the commodity derivatives
    trading business at Mitsui.
  *For the corresponding six-month period of the previous year, this segment
    recorded a gain of ¥4.8 billion on the partial sale of shares in Nihon
    Unisys, Ltd.

Americas Segment

Gross profit for the six-month period ended September 30, 2013 was ¥36.6
billion, an increase of ¥2.7 billion from ¥33.9 billion for the corresponding
six-month period of the previous year. Cinco Pipe And Supply, LLC, which was
newly acquired during the three-month period ended December 31, 2012,
contributed to the increase.

Operating income for the six-month period ended September 30, 2013 was ¥5.3
billion, a decline of ¥2.8 billion from ¥8.1 billion for the corresponding
six-month period of the previous year. Despite the increase in gross profit,
selling, general and administrative expenses increased reflecting the
depreciation of the Japanese yen.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥3.1 billion, an increase of ¥1.1 billion from ¥2.0
billion for the corresponding six-month period of the previous year.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥5.2 billion, a decline of ¥3.6 billion from ¥8.8
billion for the corresponding six-month period of the previous year.

Europe, the Middle East and Africa Segment

Gross profit for the six-month period ended September 30, 2013 was ¥12.1
billion, an increase of ¥4.8 billion from ¥7.3 billion for the corresponding
six-month period of the previous year. MBK Real Estate Europe Limited (United
Kingdom) reported an increase of ¥3.6 billion due to the sale of an office
building.

Operating profit for the six-month period ended September 30, 2013 was ¥2.0
billion, an increase of ¥3.9 billion from a loss of ¥1.9 billion for the
corresponding six-month period of the previous year.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥0.4 billion, an increase of ¥0.2 billion from ¥0.2
billion for the corresponding six-month period of the previous year.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥4.6 billion, an increase of ¥5.1 billion from ¥0.5
billion of net loss for the corresponding six-month period of the previous
year.

Asia Pacific Segment

Gross profit for the six-month period ended September 30, 2013 was ¥6.4
billion, an increase of ¥1.2 billion from ¥5.2 billion for the corresponding
six-month period of the previous year.

Operating loss for the six-month period ended September 30, 2013 was ¥2.5
billion, a decline of ¥0.1 billion from ¥2.4 billion for the corresponding
six-month period of the previous year.

Equity in earnings of associated companies for the six-month period ended
September 30, 2013 was ¥2.1 billion, a decline of ¥1.0 billion from ¥3.1
billion for the corresponding six-month period of the previous year.

Net income attributable to Mitsui & Co., Ltd. for the six-month period ended
September 30, 2013 was ¥18.4 billion, an increase of ¥1.6 billion from ¥16.8
billion for the corresponding six-month period of the previous year. In
addition to the above, this segment recorded earnings from the segment’s
minority interest in Mitsui Iron Ore Development Pty. Ltd., Mitsui-Itochu Iron
Pty. Ltd., and Mitsui Coal Holdings Pty. Ltd.

(3) Financial Condition and Cash Flows

1) Financial Condition

Total assets as of September 30, 2013 were ¥10,441.9 billion, an increase of
¥117.3 billion from ¥10,324.6 billion as of March 31, 2013.

Total current assets as of September 30, 2013 were ¥4,358.5 billion, a decline
of ¥273.0 billion from ¥4,631.5 billion as of March 31, 2013. Trade
receivables, cash and cash equivalents, and inventories declined by ¥178.7
billion, ¥108.7 billion and ¥20.5 billion, respectively. Trade receivables
declined, mainly due to a decline in volume, at the Machinery & Infrastructure
Segment, oil and gas producing operations and petroleum trading operations in
the Energy Segment, and the precious metal lease business in the Innovation &
Corporate Development Segment.

Total current liabilities as of September 30, 2013 were ¥2,995.4 billion, a
decline of ¥49.9 billion from ¥3,045.3 billion as of March 31, 2013. Trade
payables and short-term debt declined by ¥129.6 billion and ¥16.7 billion,
respectively, while current maturities of long-term debt increased by ¥106.8
billion. Trade payables declined at the Machinery & Infrastructure Segment,
the Energy Segment and the precious metal lease business in the Innovation &
Corporate Development Segment.

As a result, working capital, or current assets less current liabilities, as
of September 30, 2013 totaled ¥1,363.1 billion, a decline of ¥223.1 billion
from ¥1,586.2 billion as of March 31, 2013.

[Graphic Omitted]

The sum of “total investments and non-current receivables,” “net property and
equipment,” “intangible assets, less accumulated amortization,” “deferred tax
assets-non-current,” and “other assets” as of September 30, 2013 totaled
¥6,083.4 billion, an increase of ¥390.3 billion from ¥5,693.1 billion as of
March 31, 2013, mainly due to the following factors:

Within this category, the total of investments and non-current receivables as
of September 30, 2013 was ¥4,211.1 billion, an increase of ¥252.3 billion from
¥3,958.8 billion as of March 31, 2013.

  *Investments in and advances to associated companies as of September 30,
    2013 was ¥2,443.6 billion, an increase of ¥118.3 billion from ¥2,325.3
    billion as of March 31, 2013. Major factors were as follows:

- An increase of ¥39.3 billion due to an investment in the North and South
American operations of an automotive components supplier, Gestamp Automoción,
S.L.;

- An increase of ¥26.1 billion due to an investment in the Caserones copper
and molybdenum project in Chile;

- An increase of ¥12.7 billion due to an acquisition of a 49% stake in Czech
water business companies, Aqualia Czech, S.L. and Aqualia Infraestructuras
Inženýring, s.r.o.;

- An increase due to an acquisition of a 19.99% stake in Medini Iskandar
Malaysia Sdn. Bhd., which is engaged in the urban development of a smart city
in Malaysia; and

- Factors that do not involve cash flow included an increase of ¥5.9 billion
resulting from a foreign exchange translation adjustment on foreign
investments due to the depreciation of the Japanese yen, despite net declines
in equity earnings of ¥2.4 billion (net of ¥95.7 billion in dividends received
from associated companies).

  *Other investments as of September 30, 2013 were ¥932.9 billion, an
    increase of ¥116.6 billion from ¥816.3 billion as of March 31, 2013. Major
    factors included a ¥61.3 billion increase by an acquisition of a 7% share
    in BHP Iron Ore (Jimblebar) Pty. Ltd. which is developing the Jimblebar
    iron ore mine in Australia, as well as a ¥55.8 billion net increase in
    unrealized holding gains on available-for-sale securities.

  *Net property and equipment as of September 30, 2013 totaled ¥1,706.2
    billion, an increase of ¥135.9 billion from ¥1,570.3 billion as of March
    31, 2013, mainly due to the following factors:

- An increase of ¥93.3 billion due to an acquisition of a 25% interest in the
Tempa Rossa onshore oil field in the Gorgoglione concession in Italy;

- An increase of ¥23.7 billion (including a foreign exchange translation gain
of ¥10.1 billion) at the Marcellus and Eagle Ford shale gas and oil producing
operations in the United States;

- An increase of ¥16.0 billion (including a foreign exchange translation gain
of ¥4.8 billion) at oil & gas producing operations other than U.S. shale gas
and oil and the Tempa Rossa onshore oil field;

- An increase of ¥10.6 billion (including a foreign exchange translation loss
of ¥25.5 billion) at iron ore mining operations in Australia; and

- A decline of ¥13.3 billion (including a foreign exchange translation loss of
¥13.6 billion) at coal mining operations in Australia.

Long-term debt less current maturities as of September 30, 2013 was ¥3,200.8
billion, an increase of ¥15.8 billion from ¥3,185.0 billion as of March 31,
2013, mainly due to an increase in long-term borrowings at financial
subsidiaries, despite a decline in long-term debt due to a reclassification to
current maturities at Mitsui.

Total Mitsui & Co., Ltd. shareholders’ equity as of September 30, 2013 was
¥3,351.1 billion, an increase of ¥169.3 billion from ¥3,181.8 billion as of
March 31, 2013. The major component of the increase was an increase in
retained earnings of ¥156.5 billion and unrealized holding gains on
available-for-sale securities of ¥37.0 billion reflecting higher stock prices.
Meanwhile, there was a net decline of ¥29.5 billion in foreign currency
translation adjustments mainly due to the depreciation of the Australian
dollar and Brazilian real against the Japanese yen.

As a result, the equity-to-asset ratio as of September 30, 2013, was 32.1%,
1.3% higher compared to 30.8% as of March 31, 2013. Net interest-bearing debt,
or interest-bearing debt less cash and cash equivalents and time deposits as
of September 30, 2013 was ¥3,050.0 billion, an increase of ¥210.6 billion from
¥2,839.4 billion as of March 31, 2013. The net debt-to-equity ratio (DER) as
of September 30, 2013 was 0.91 times, 0.02 points higher compared to 0.89
times as of March 31, 2013.

[Table Omitted]

2) Cash Flows

Cash Flows from Operating Activities

Net cash provided by operating activities for the six-month period ended
September 30, 2013 was ¥276.6 billion, an increase of ¥49.5 billion from
¥227.1 billion for the corresponding six-month period of the previous year.
Major components of net cash provided by operating activities were our
operating income of ¥146.0 billion, dividend income of ¥150.9 billion,
including dividends received from associated companies, while net cash outflow
of ¥35.6 billion from an increase in working capital, or changes in operating
assets and liabilities.

Compared with the corresponding six-month period of the previous year,
dividend income increased by ¥64.7 billion and operating income increased by
¥11.7 billion, while net cash flow from changes in working capital
deteriorated by ¥42.4 billion.

Cash Flows from Investing Activities

Net cash used in investing activities for the six-month period ended September
30, 2013 was ¥449.4 billion, a decline of ¥73.3 billion from ¥522.7 billion
for the corresponding six-month period of the previous year. Net cash used in
investing activities consisted of:

  *Net outflows of cash that corresponded to investments in and advances to
    associated companies (net of sales of investments in and collection of
    advances to associated companies) were ¥76.1 billion. The major cash
    outflows were attributable to an acquisition of a 30% stake in Gestamp
    Automoción, S.L.’s North and South American operations for ¥39.3 billion,
    an investment in the Caserones copper and molybdenum project in Chile for
    ¥26.1 billion, an acquisition of a 49% stake in Aqualia Czech, S.L. and
    Aqualia Infraestructuras Inženýring, s.r.o. for ¥12.7 billion, and an
    acquisition of a 19.99% stake in Medini Iskandar Malaysia Sdn. Bhd. The
    major cash inflows included collection of a loan for ¥24.5 billion from
    FPSO leasing business for oil and gas production in Brazil.
  *Net outflows of cash that corresponded to other investments and business
    (net of sales and redemption of other investments) were ¥152.9 billion.
    Major cash expenditures included an acquisition of a 25% interest in an
    onshore oil field in Italy for ¥98.3 billion and an acquisition of a 7%
    share in BHP Iron Ore (Jimblebar) Pty. Ltd. for ¥61.3 billion.
  *Net outflows of cash that corresponded to long-term loan receivables (net
    of collection) were ¥23.5 billion. Increases in long-term loans mainly
    consisted of the loan to BHP Iron Ore (Jimblebar) Pty. Ltd.
  *Net outflows of cash relating to purchases of property leased to others
    and property and equipment (net of sales of those assets) were ¥192.1
    billion. Major expenditures included:

- Iron ore mining operations in Australia for ¥48.7 billion;

- Oil and gas producing operations other than U.S. shale gas and oil for a
total of ¥47.3 billion;

- Marcellus and Eagle Ford shale gas and oil producing operations in the
United States for ¥47.1 billion; and

- Rolling stock for leasing for ¥12.1 billion.

Free cash flow, or the sum of net cash provided by operating activities and
net cash used in investing activities, for the six-month period ended
September 30, 2013 was a net outflow of ¥172.8 billion.

Cash Flows from Financing Activities

For the six-month period ended September 30, 2013, net cash provided by
financing activities was ¥67.6billion, a decline of ¥111.8 billion from
¥179.4 billion for the corresponding six-month period of the previous year.
The net cash inflow from the borrowing of long-term debt and short-term debt
were ¥85.0 billion and ¥21.6 billion, respectively, while the cash outflow
from payments of cash dividends was ¥38.3 billion.

In addition to the changes discussed above, there was a decline in cash and
cash equivalents of ¥3.5 billion due to foreign exchange translation; as a
result, cash and cash equivalents as of September 30, 2013 totaled ¥1,316.5
billion, a decline of ¥108.7 billion from ¥1,425.2billion as of March 31,
2013.

2. Management Policy

(1) Result and Forecast for Investment and Loan Plan

Our progress with the investments and loans plan in each of the six business
areas for the six-month period ended September 30, 2013 was as follows:

[Graphic Omitted]

During the six-month period ended September 30, 2013, we implemented new
investments and loans of approximately ¥550 billion, which was originally
planned at ¥1,000 billion for the fiscal year ending March 31, 2014.
Investments and loans in each of the six business areas, mainly to
high-quality upstream assets and infrastructure projects in emerging
countries, are executed in line with our original plan. During the six-month
period ended September 30, 2013, we collected approximately ¥110 billion for
divestiture, which was originally planned at ¥170 billion for the fiscal year
ending March 31, 2014. Adding to the collection for loans and sales of real
estate, we proactively sold our holding shares. We maintain our projection of
the investments and loans plan for the fiscal year ending March 31, 2014.

Due to the many investment opportunities to strengthen our earnings base, free
cash flow is forecasted to be negative for the fiscal year ending March 31,
2014. We plan to continue our efforts to improve our portfolio by further
reinforcing our investment discipline and enhancing strategic divestitures,
keeping in mind the necessity to recover from negative free cash flow.

(2) Forecasts for the Year Ending March 31, 2014

1) Revised forecasts for the year ending March 31, 2014

[Table Omitted]

We assume foreign exchange rates for the six-month period ending March 31,
2014 (2nd half) will be ¥95/US$, ¥90/AU$ and ¥40/BRL, while average foreign
exchange rates for the six-month period ended September 30, 2013 (1st half)
were ¥98.65/US$, ¥92.94/AU$ and ¥44.94/BRL. Also, we assume the annual average
crude oil price applicable to our financial results for the year ending March
31, 2013 will be US$108/barrel, up US$2 from the original forecast, based on
the assumption that the crude oil price (JCC) will be maintained at
US$103/barrel throughout the six-month period ending March 31, 2014.

Gross profit for the year ending March 31, 2014 is expected to be ¥850.0
billion, a decline of ¥50.0 billion from the original forecast, due to a
decline in coal prices and underperforming commodity derivatives trading.
Equity in earnings of associated companies is expected to be ¥180.0 billion, a
decline of ¥20.0 billion. Major factors included impairment losses on equity
investments including SCM Minera Lumina Copper Chile recoded in the six-month
period ended September 30, 2013 and equity loss from scrap metal recycling
business. Meanwhile, we expect increases in divided income and gain on sale of
securities.

As a result, net income attributable to Mitsui & Co., Ltd. for the year ending
March 31, 2014 is expected to be ¥370.0 billion, the same level as the
original forecast.

The forecast for annual operating results by operating segment compared to the
original forecast is described as follows:

                                   Year ending        Year ending

(Billions of yen)                 March 31, 2014    March 31, 2014  Change

                                   Revised Forecast   Original
                                                      Forecast*
Iron & Steel Products             13.0              13.0            0.0
Mineral & Metal Resources         89.0              112.0           (23.0)
Machinery & Infrastructure        19.0              22.0            (3.0)
Chemicals                         14.0              12.0            2.0
Energy                            172.0             155.0           17.0
Lifestyle                         22.0              16.0            6.0
Innovation & Corporate            1.0               (3.0)           4.0
Development
Americas                          14.0              17.0            (3.0)
Europe, the Middle East and       3.0               3.0             0.0
Africa
Asia Pacific                      33.0              33.0            0.0
All Other/Adjustments and         (10.0)            (10.0)          0.0
Eliminations
Consolidated total                370.0             370.0           0.0

* Effective October 1, 2013, the coal related businesses, except for trading
of thermal coal for power utilities, were transferred from the Energy Segment
to the Mineral & Metal Resources Segment. In accordance with this change, the
operating segment information of the original forecast for the year ending
March 31, 2014 has been restated to conform to the operating segment as of
October 1, 2013.

  *Projected net income attributable to Mitsui & Co., Ltd. from the Iron &
    Steel Products Segment for the year ending March 31, 2013 is ¥13.0
    billion, the same level as the original forecast, taking into
    consideration its progress, which is in line with the original forecast.
  *Projected net income attributable to Mitsui & Co., Ltd. from the Mineral &
    Metal Resources Segment is ¥89.0 billion, a decline of ¥23.0 billion from
    the original forecast. The primary reasons for the decline are the
    impairment loss on investment in SCM Minera Lumina Copper Chile recoded in
    the six-month period ended September 30, 2013; a deterioration in earnings
    of Mitsui Raw Materials Development Pty. Limited which invests in the
    scrap metal recycling business; and a decline in coal prices. Meanwhile,
    we count the positive impact attributable to iron ore prices and sales
    volume.
  *Projected net income attributable to Mitsui & Co., Ltd. from the Machinery
    & Infrastructure Segment is ¥19.0 billion, a decline of ¥3.0 billion from
    the original forecast. Gas distribution business in Brazil and
    construction machinery-related businesses are expected to post declines in
    profits, due to the fluctuations in exchange rates and weaker demand.
  *Projected net income attributable to Mitsui & Co., Ltd. from the Chemicals
    Segment is ¥14.0 billion, an increase of ¥2.0 billion from the original
    forecast, reflecting the gain on sale of securities recorded in the
    six-month period ended September 30, 2013.
  *Projected net income attributable to Mitsui & Co., Ltd. from the Energy
    Segment is ¥172.0 billion, an increase of ¥17.0 billion from the original
    forecast. The main causes of the increase are a decline in cost at oil and
    gas producing operations; the positive effect from depreciation of the
    Japanese yen; and an increase in oil prices. Meanwhile, we took into
    consideration certain decline in production volume at oil and gas
    producing operations.
  *Projected net income attributable to Mitsui & Co., Ltd. from the Lifestyle
    Segment is ¥22.0 billion, an increase of ¥6.0 billion from the original
    forecast. Expected positive factors include an increase in gains on sales
    of consumer service -related securities compared with the original
    forecast.
  *Projected net income attributable to Mitsui & Co., Ltd. from the
    Innovation & Corporate Development Segment is ¥1.0 billion, an increase of
    ¥4.0 billion from the original forecast. We expect an increase in gains on
    sales of information industry-related securities, despite a profit decline
    in the commodity derivatives trading at Mitsui & Co. Commodity Risk
    Management Ltd. and the venture capital business.
  *Projected net income attributable to Mitsui & Co., Ltd. from the Americas
    Segment is ¥14.0 billion, a decline of ¥3.0 billion from the original
    forecast, reflecting the loss on sale of SunWize Technologies, Inc., a
    photovoltaic distributor, recorded in the six-month period ended September
    30, 2013. Projected net income attributable to Mitsui & Co., Ltd. from the
    Europe, the Middle East and Africa Segment and the Asia Pacific Segment
    are ¥3.0 billion and ¥33.0 billion, respectively, the same level as the
    original forecast.
  *Projected net loss attributable to Mitsui & Co., Ltd. from All
    Other/Adjustments and Eliminations Segment is ¥10.0 billion, the same
    level as the original forecast. Adjustments and Eliminations include
    income and expense items that are not allocated to specific segments.

2) Key commodity prices and other parameters for the year ending March 31,
2014

The table below shows assumptions for key commodity prices and other
parameters for the projected net income attributable to Mitsui & Co., Ltd. for
the year ending March 31, 2014. Effects of price movements for each commodity
on annual net income attributable to Mitsui & Co., Ltd. are included in the
table.

                                          March 2014                                March 2013
Impact on Net Income attributable to                   March 2014               
Mitsui & Co., Ltd.                        (Revised                                  (Original
                                          Forecast)                                 Forecast)
for the Year ending March 31, 2014                   
                                          (Announced     1^st Half   2^nd Half      (Announced
(Announced in May 2013)                   in                                      in May
                                          November       (Result)    (Assumption)   2013)
                                          2013)
           Crude                        105            108        103           103
            Oil/JCC        ¥1.9 bn
            Consolidated   (US$1/bbl)
            Oil                         108            111        105           106
Commodity   Price(*1)
            Iron Ore      ¥2.2 bn       (*2)           124.8(*3)  (*2)          (*2)
                           (US$1/ton)
           Copper        ¥0.6 bn       7,413          7,537(*4)  7,500(*5)     7,500
                           (US$100/ton)
            USD           ¥1.9 bn       96.83          98.65      95            95
                           (¥1/USD)
Forex       AUD           ¥1.9 bn       91.47          92.94      90            95
(*6)                       (¥1/AUD)
           BRL           ¥0.4 bn       42.47          44.94      40            45
                           (¥1/BRL)
                                                                   

(*1) The oil price trend is reflected in net income with a 0-6 month time lag.
We assume the annual average price applicable to our financial results as the
Consolidated Oil Price based on the estimation: 4-6 month time lag, 34%; 1-3
month time lag, 47%; no time lag, 19%.

(*2) We refrain from disclosing the iron ore price assumptions.

(*3) Daily average of representative reference prices (Fine, Fe 62% CFR North
China) during April 2013 to September 2013

(*4) Average of LME cash settlement price during January 2013 to June 2013

(*5) Price assumption for January 2014 to March 2014

(*6) Impact of currency fluctuation on net income of overseas subsidiaries and
associated companies (denomination in functional currency) against the
Japanese yen

Impact of currency fluctuation between their functional currencies against
revenue currencies and exchange rate hedging are not included.

(3) Shareholder Return Policy

In order to increase corporate value and maximize shareholder value, we have
sought to maintain an optimal balance between (a) meeting investment demand in
areas that are our core strengths and growth largely through re-investments of
our retained earnings, and (b) directly providing returns to shareholders by
paying out cash dividends based on a target dividend payout ratio of
consolidated net income.

For the two-year period of the Medium-term Management Plan to March 2014,
while we principally aim for a steady increase in dividends through
improvements in corporate performance, we will also consider more flexible
compensation to the shareholders, provided that sufficient retained earnings
for future business development is secured. Considering the strengthening of
our financial standing that has been accomplished through the execution of our
previous Medium-term Management Plan, we have set our minimum target dividend
payout ratio at 25%.

For the six-month period ended September 30, 2013, we have decided to pay an
interim dividend of ¥25 per share, a ¥3 per share increase from the
corresponding six-month period of the previous year. Pursuant to our policy,
for the year ending March 31, 2014, we currently envisage an annual dividend
of ¥51 per share (including the interim dividend of ¥25 per share), an ¥8
increase from the year ended March 31, 2013, on the assumption that our annual
consolidated net income attributable to Mitsui & Co., Ltd. will be ¥370
billion, as mentioned in our net income forecast for the year ending March 31,
2014.

We will continue to review the shareholder return policy taking into
consideration the business environment, future investing activity trends, free
cash flow and interest-bearing debt levels, and return on equity.

3. Other Information

Notice:

This flash report contains forward-looking statements about Mitsui and its
consolidated subsidiaries. These forward-looking statements are based on
Mitsui’s current assumptions, expectations and beliefs in light of the
information currently possessed by it and involve known and unknown risks,
uncertainties and other factors. Such risks, uncertainties and other factors
may cause Mitsui’s actual consolidated financial position, consolidated
operating results or consolidated cash flows to be materially different from
any future consolidated financial position, consolidated operating results or
consolidated cash flows expressed or implied by these forward-looking
statements.

These risks, uncertainties and other factors include, among others, (1)
economic downturns worldwide or at specific regions, (2) fluctuations in
commodity prices, (3) fluctuations in exchange rates, (4) credit risks from
clients with which Mitsui and its consolidated subsidiaries have business
transactions or financial dealings and/or from various projects, (5) declines
in the values of assets for which Mitsui and its consolidated subsidiaries act
as lessors, (6) changes in the financing environment, (7) declines in market
value of equity and/or debt securities, (8) changes in evaluation in
connection to the establishment of valuation allowances for deferred tax
assets, (9) inability to successfully restructure or eliminate subsidiaries or
associated companies as planned, (10) unsuccessful joint ventures and
strategic investments, (11) risks of resource related businesses not
developing in line with assumed costs and schedules and uncertainty in
reserves and performance of third party operators, (12) loss of opportunities
to enter new business areas due to limitations on business resources, (13)
environmental laws and regulations, (14) changes in laws and regulations or
unilateral changes in contractual terms by governmental entities, (15)
employee misconduct, (16) failure to maintain adequate internal control over
financial reporting, and (17) climate change and natural disaster. For further
information on the above, please refer to Mitsui’s Annual Securities Report.

Forward-looking statements may be included in Mitsui’s Annual Securities
Report and Quarterly Securities Reports or in its other disclosure documents,
press releases or website disclosures. Mitsui undertakes no obligation to
publicly update or revise any forward-looking statements.

                                                       
4. Consolidated Financial Statements
(1) Consolidated Balance Sheets
(Millions of Yen)
Assets
                                                 March 31,      September 30,
                                                 
                                                 2013           2013
                                                                  
Current Assets:
      Cash and cash equivalents                  ¥ 1,425,174      ¥ 1,316,481
      Time deposits                              4,740            8,725
      Marketable securities                      367              370
      Trade receivables:
      Notes and loans, less unearned interest    291,052          258,854
      Accounts                                   1,608,915        1,501,213
      Associated companies                       138,588          97,165
      Allowance for doubtful receivables         -16,463          -13,806
      Inventories                                746,584          726,144
      Advance payments to suppliers              135,120          127,484
      Deferred tax assets―current                15,644           14,534
      Derivative assets                          61,081           87,137
      Other current assets                       220,729          234,179
           Total current assets                  4,631,531        4,358,480
Investments and Non-current Receivables:
      Investments in and advances to
      associated                                 2,325,255        2,443,637

      companies
      Other investments                          816,343          932,877
      Non-current receivables, less unearned     523,904          531,170
      interest
      Allowance for doubtful receivables         -37,362          -37,881
      Property leased to others―at cost, less
      accumulated                                330,627          341,275

      depreciation
           Total investments and non-current     3,958,767        4,211,078
           receivables
Property and Equipment―at Cost:
      Land, land improvements and                218,801          220,859
      timberlands
      Buildings, including leasehold             442,255          461,610
      improvements
      Equipment and fixtures                     1,668,246        1,791,095
      Mineral rights                             203,142          277,718
      Vessels                                    42,478           41,274
      Projects in progress                       235,084          238,445
      Total                                      2,810,006        3,031,001
      Accumulated depreciation                   -1,239,736       -1,324,785
           Net property and equipment            1,570,270        1,706,216
Intangible Assets, less Accumulated Amortization 118,448          123,311
Deferred Tax Assets―Non-current                  31,538           28,699
Other Assets                                     14,027           14,142
                                                  
        Total                         ¥ 10,324,581   ¥ 10,441,926
                                                                  

                                                      
                                                                  
   (Millions of Yen)
Liabilities and Equity
                                             March 31,          September 30,
                                                 
                                             2013               2013
                                                                  
                                                                  
Current Liabilities:
                                                                  
        Short-term debt                        ¥ 663,129          ¥ 646,417
        Current maturities of long-term debt   421,211            528,018
        Trade payables:
        Notes and acceptances                  46,057             37,537
        Accounts                               1,438,287          1,297,402
        Associated companies                   71,272             91,100
        Accrued expenses:
        Income taxes                           54,091             54,464
        Interest                               16,985             15,887
        Other                                  80,971             80,515
        Advances from customers                98,470             100,474
        Derivative liabilities                 83,940             75,053
        Other current liabilities              70,917             68,560
                Total current liabilities      3,045,330          2,995,427
Long-term Debt, less Current Maturities        3,184,957          3,200,804
Accrued Pension Costs and Liability for
Severance                                      68,312             66,518

Indemnities
Deferred Tax Liabilities―Non-current           266,544            288,127
Other Long-Term Liabilities                    319,334            286,697
Equity:
        Common stock                           341,482            341,482
        Capital surplus                        429,828            427,255
        Retained earnings:
        Appropriated for legal reserve         69,653             72,067
        Unappropriated                         2,405,008          2,561,468
        Accumulated other comprehensive
        income (loss):
        Unrealized holding gains on            135,832            172,770
        available-for-sale securities
        Foreign currency translation           -94,912            -124,427
        adjustments
                    最小年金債務調整額(当期 △                 △
                    )
                    キャッシュフローヘッジ損 △                 △
                    益(期末)
                    外換算調整勘定(期末)   △                  △
                    繰延ヘッジ損失(流動資産
                    )
                    繰延ヘッジ損失(固定資産
                    )
                    繰延ヘッジ利益(流動負債
                    )
                    繰延ヘッジ利益(固定負債
                    )
        Foreign currency translation
        adjustments
        Defined benefit pension plans          -74,124            -70,998
        Defined benefit pension plans
        Net unrealized losses on derivatives   -24,974            -22,585
                Total accumulated other        -58,178            -45,240
                comprehensive loss
        Treasury stock, at cost                -5,974             -5,933
                Total Mitsui & Co., Ltd.       3,181,819          3,351,099
                shareholders' equity
                                                                  
        Noncontrolling interests               258,285            253,254
                Total equity                   3,440,104          3,604,353
                                                 
             Total                         ¥ 10,324,581    ¥ 10,441,926
                                                                  

(2) Statements of Consolidated Income and Comprehensive Income
                                                            
    Statements of Consolidated Income
(Millions of Yen)
                                             Six-month period     Six-month
                                             ended                period ended
                                                                
                                             September            September

                                             30, 2012             30, 2013
                                                                  
                                                         
  Revenues :
      Sales of products                          ¥ 2,117,701      ¥ 2,617,151
      Sales of services                          185,434          201,981
      Other sales                                62,763           53,173
      Total revenues                             2,365,898        2,872,305
                                                                  
      Total Trading Transactions :
      Six-month period ended September 30,
      2012, ¥ 4,992,679 million
      Six-month period ended September 30,
      2013, ¥ 5,531,382 million
                                                                  
  Cost of Revenues :
      Cost of products sold                      -1,866,548       -2,332,370
      Cost of services sold                      -76,850          -80,331
      Cost of other sales                        -29,526          -29,628
      Total cost of revenues                     -1,972,924       -2,442,329
  Gross Profit                                   392,974          429,976
  Other Expenses (Income) :
      Selling, general and administrative        251,480          278,565
      Provision for doubtful receivables         7,219            5,444
      Interest expense - net                     6,263            7,213
      Dividend income                            -46,386          -64,523
      Gain on sales of securities - net          -15,664          -16,987
      Loss on write-down of securities           18,361           10,600
      Gain on disposal or sales of property      -1,516           -1,838
      and equipment - net
      Impairment loss of long-lived assets       224              414
      Other expenses - net                       12,691           8,680
      Total other expenses (income)              232,672          227,568
  Income before Income Taxes and Equity in       160,302          202,408
  Earnings
  Income Taxes                                   77,625           89,288
  Income before Equity in Earnings               82,677           113,120
  Equity in Earnings of Associated Companies     97,338           93,301
  - Net
                                                                  
  Net Income before Attribution of               180,015          206,421
  Noncontrolling Interests
 Net Income Attributable to Noncontrolling     -11,678        -9,220
  Interests
 Net Income Attributable to Mitsui & Co.,      ¥ 168,337      ¥ 197,201
  Ltd.
                                                                  
                                                                  
    Statements of Consolidated Comprehensive
    Income
 (Millions of Yen)
                                             Six-month            Six-month

                                             period ended        period ended
                                             September            September

                                             30, 2012             30, 2013
                                                                  
                                                         
  Net Income before Attribution of               ¥ 180,015        ¥ 206,421
  Noncontrolling Interests
  Other Comprehensive Income (Loss) (after
  income tax effect):
      Unrealized holding (losses) gains on       -41,079          35,569
      available-for-sale securities
      Foreign currency translation               -120,210         -28,885
      adjustments
      Defined benefit pension plans              1,680            3,143
      Net unrealized (losses) gains on           -3,885           2,308
      derivatives
      Total Other Comprehensive (Loss) Income    -163,494         12,135
      (after income tax effect)
  Comprehensive Income before Attribution of     16,521           218,556
  Noncontrolling Interests
 Comprehensive Income Attributable to          -2,372         -8,648
  Noncontrolling Interests
 Comprehensive Income Attributable to          ¥ 14,149       ¥ 209,908
  Mitsui & Co., Ltd.
                                                                  

(3) Statements of Consolidated Cash Flows
     
                                                              
 (Millions of Yen)
                                          Six-month period    Six-month period
                                     ended September 30, ended September
                                          2012                30, 2013
Operating Activities:
  Net income before attribution of        ¥ 180,015           ¥ 206,421
  noncontrolling interests
  Adjustments to reconcile net income before attribution of noncontrolling
  interests to net cash provided by operating activities:
       Depreciation and amortization      88,203              105,478
       Pension and severance costs,       5,417               3,421
       less payments
       Provision for doubtful             7,219               5,444
       receivables
       Gain on sales of securities -      (15,664)            (16,987)
       net
       Loss on write-down of              18,361              10,600
       securities
       Gain on disposal or sales of       (1,516)             (1,838)
       property and equipment - net
       Impairment loss of long-lived      224                 414
       assets
       Deferred income taxes              (4,486)             6,188
       Equity in earnings of associated   (57,494)            (6,905)
       companies, less dividends received
       Changes in operating assets and
       liabilities:
             Decrease in trade            167,662             183,819
             receivables
             (Increase) decrease in       (66,237)            28,023
             inventories
             Decrease in trade            (72,800)            (140,121)
             payables
          Other - net                 (21,816)           (107,339)
          Net cash provided by        227,088            276,618
             operating activities
Investing Activities:
  Net increase in time deposits
                                          (2,070)             (4,699)
  
  Net increase in investments in and
  advances to associated companies        (193,659)           (76,112)

  
  Net decrease (increase) in other
  investments                             10,959              (152,946)

  
  Net increase in long-term loan
  receivables                             (136,398)           (23,545)

  
  Net increase in property leased to
 others and property and equipment      (201,524)          (192,125)

  
          Net cash used in            (522,692)          (449,427)
             investing activities
Financing Activities:
  Net increase in short-term debt
                                          152,665             21,593
  
  Net increase in long-term debt
                                          78,714              85,016
  
  Transactions with noncontrolling        (820)               (681)
  interest shareholders
  Purchases of treasury stock - net
                                          (2)                 (9)
  
 Payments of cash dividends             (51,111)           (38,334)
          Net cash provided by        179,446            67,585
             financing activities
Effect of Exchange Rate Changes on       (20,380)           (3,469)
Cash and Cash Equivalents
Net Decrease in Cash and Cash             (136,538)           (108,693)
Equivalents
Cash and Cash Equivalents at Beginning   1,431,112          1,425,174
of Period
Cash and Cash Equivalents at End of      ¥ 1,294,574        ¥ 1,316,481
Period
                                                              
                                                              
  (4) Assumption for Going Concern:
  None
                                                              
  (5) Significant Changes in
  Shareholders' Equity: None
                                                              

(6) Operating Segment Information
                                                                                    
Six-month period ended September 30, 2012 (from April 1, 2012 to September 30, 2012) (As restated)
                                                                             (Millions of
                                                                                              Yen)
               Iron &     Mineral &   Machinery &                                             Innovation &
          Steel     Metal      Infrastructure  Chemicals  Energy     Lifestyle     Corporate
               Products   Resources                                                           Development
                                                                                                           
Revenues       103,646    236,761     170,582          338,309     701,010     396,473        68,736
Gross          18,448     75,164      47,651           33,871      97,505      56,265         23,967
Profit
Operating
Income         -691       58,616      -9,571           3,056       70,259      -2,604         -5,667
(Loss)
Equity in
Earnings of
Associated     1,094      35,281      14,024           4,008       22,767      7,710          7,101
Companies
-Net
Net Income
(Loss)
Attributable  -1,340    50,232     7,533           -953       78,863     5,612         6,635
to Mitsui &
Co., Ltd.
Total Assets
at September  524,757   1,241,711  1,290,607       655,475    1,675,961  1,273,199     465,339
30, 2012
                                                                             
                          Europe,
                                                                               Adjustments
          Americas  the        Asia Pacific    Total      All Other                Consolidated
                          Middle                                               and            Total
                          East and                                             Eliminations
                          Africa
                                                                                                           
Revenues       271,941    48,226      29,255           2,364,939   959         -              2,365,898
Gross Profit   33,872     7,265       5,204            399,212     462         -6,700         392,974
Operating
Income         8,069      -1,930      -2,354           117,183     -2,222      19,314         134,275
(Loss)
Equity in
Earnings of
Associated     2,020      191         3,071            97,267      -           71             97,338
Companies
-Net
Net Income
(Loss)
Attributable  8,806     -501       16,805          171,692    864        -4,219        168,337
to Mitsui &
Co., Ltd.
Total Assets
at September  415,271   88,895     252,459         7,883,674  4,722,241  -3,686,672    8,919,243
30, 2012
                                                                                                           
                                                                                                           
Six-month period ended September 30, 2013 (from April 1, 2013 to September 30, 2013)
                                                                             (Millions of
                                                                                              Yen)
               Iron &     Mineral &   Machinery &                                             Innovation &
          Steel     Metal      Infrastructure  Chemicals  Energy     Lifestyle     Corporate
               Products   Resources                                                           Development
                                                                                                           
Revenues       117,484    320,176     185,713          452,426     822,301     474,553        45,152
Gross Profit   26,798     99,613      54,323           40,063      96,507      56,103         9,016
Operating
Income         7,996      80,491      -6,837           6,514       64,729      -7,939         -21,565
(Loss)
Equity in
Earnings of
Associated     3,114      23,243      15,424           3,234       30,258      6,561          6,328
Companies
-Net
Net Income
(Loss)
Attributable  6,681     44,664     8,977           9,546      93,987     7,961         -3,691
to Mitsui &
Co., Ltd.
Total Assets
at September  547,980   1,678,929  1,612,743       695,460    2,091,827  1,455,942     562,276
30, 2013
                                                                             
                          Europe,
                                                                               Adjustments
          Americas  the        Asia Pacific    Total      All Other                Consolidated
                          Middle                                               and            Total
                          East and                                             Eliminations
                          Africa
                                                                                                           
Revenues       341,522    60,537      51,505           2,871,369   933         3              2,872,305
Gross Profit   36,556     12,103      6,435            437,517     492         -8,033         429,976
Operating
Income         5,308      1,984       -2,507           128,174     -5,477      23,270         145,967
(Loss)
Equity in
Earnings of
Associated     3,058      416         2,053            93,689      10          -398           93,301
Companies
-Net
Net Income
(Loss)
Attributable  5,241     4,568      18,442          196,376    5,384      -4,559        197,201
to Mitsui &
Co., Ltd.
Total Assets
at September  497,896   117,647    313,621         9,574,321  4,865,669  -3,998,064    10,441,926
30, 2013
                                                                                                           

Notes:

1. “All Other” principally consisted of the Corporate Staff Unit which
provides financing services and operations services to external customers
and/or to the companies and associated companies. Total assets of “All Other”
at September 30, 2012 and 2013 consisted primarily of cash and cash
equivalents and time deposits related to financing activities, and assets of
the Corporate Staff Unit and certain subsidiaries related to the above
services.

During the six-month period ended September 30, 2013, a part of the Corporate
Staff Unit which was formerly included in “Adjustments and Eliminations” is
included in “All Other”.

This change has been made to the operating segment information for the
six-month period ended September 30, 2012, to conform to the current period
presentation.

2. Transfers between operating segments are made at cost plus a markup.

3. Net Income (Loss) Attributable to Mitsui & Co., Ltd. of “Adjustments and
Eliminations” includes income and expense items that are not allocated to
specific reportable operating segments, and eliminations of intersegment
transactions.

4. During the three-month period ended June 30, 2013, Logistics infrastructure
businesses including development and management of ports and airport terminal,
advanced materials related businesses such as liquid crystal and electronic
devices, and media related businesses such as TV shopping and broadcasting,
all included in “Innovation & Corporate Development” segment, were transferred
to “Machinery & Infrastructure” segment, “Chemicals” segment, and “Lifestyle”
segment, respectively.

In accordance with these changes, the operating segment information for the
six-month period ended September 30, 2012, has been restated to conform to the
current period presentation.

5. During the three-month period ended June 30, 2013, the steel scrap related
businesses of Mitsui Bussan Metals Co., Ltd. in “Mineral & Metal Resources”
segment were transferred to Mitsui & Co. Steel Ltd. in “Iron & Steel Products”
segment.

In accordance with this change, the operating segment information for the
six-month period ended September 30, 2012, has been restated to conform to the
current period presentation.

6. During the three-month period ended June 30, 2013, “Innovation & Cross
Function” changed its name to “Innovation & Corporate Development”.

7. Operating Income (Loss) reflects the companies' a) Gross Profit, b)
Selling, general and administrative expenses, and c) Provision for doubtful
receivables as presented in the Statements of Consolidated Income.

For diagrams omitted, please see our home page.
(http://www.mitsui.com/jp/en/ir/library/meeting/__icsFiles/afieldfile/2013/11/05/en_143_2q_ta.pdf)

Contact:

Mitsui & Co Ltd
 
Press spacebar to pause and continue. Press esc to stop.