Second Quarter Financial Results for FY 2010│Press Release (2010)│MES

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) today announced its second quarter financial results for FY 2010 .

(Millions of yen)

	FY2010	FY2009	Change(%)
Orders Received	203,650	173,394	17.4
Net Sales	309,805	371,282	(16.6)
Operating Income (Loss)	24,491	18,875	29.8
Ordinary Income (Loss)	23,876	19,220	24.2
Net Income (Loss)	11,528	9,610	20.0
Net Income (Loss) per Share(Yen)	13.92	11.60	-
Total Assets	685,235	735,652	(6.9)
Net Assets	188,072	172,433	9.1
Shareholders' Equity to Total Assets	23.4 %	20.5 %	-
Operating Cash Flow	20,503	(2,477)	-
Investing Cash Flow	(19,897)	(24,204)	-
Financing Cash Flow	(25,223)	27,562	-

Note:
This consolidated financials results has been prepared in accordance with Japanese
accounting standards and Japanese law.

(Millions of yen)

	FY2010	FY2009	Difference
Ships	116,642	53,535	63,106
Steel structures/construction	14,988	14,291	696
Machinery	37,480	74,483	(37,002)
Plants	23,699	21,599	2,099
Others	10,840	9,484	1,356
Total	203,650	173,394	30,256

(Millions of yen)

	FY2010	FY2009	Difference
Ships	174,812	212,763	(37,950)
Steel structures/construction	20,402	27,941	(7,538)
Machinery	83,596	88,372	(4,775)
Plants	20,631	33,233	(12,602)
Others	10,362	8,971	1,390
Total	309,805	371,282	(61,476)

(Millions of yen)

	FY2010	FY2009	Difference
Ships	11,248	3,100	8,148
Steel structures/construction	1,107	1,368	(260)
Machinery	12,665	12,715	(49)
Plants	(968)	1,329	(2,297)
Others	634	503	131
Adjustment	(196)	(37)	(159)
Total	24,491	18,875	5,616

(Millions of yen)

	Net Sales	Ordinary Income Net	Income
Year ending March 31, 2011	600,000	28,000	12,000

Reference:Estimated assuming USD 1=JPY 80 as currency exchange rate