Business · Companies · 1 hr ago
Mitsubishi raises annual profit forecast after first-half profit jumps 74%
Mitsubishi Corporation’s net profit rose 74.2% in the six months from April to September, reaching ¥619.7 billion.
The Japanese trading company also raised its forecast for the year ending March 2027 from ¥1.1 trillion to ¥1.2 trillion.
That new estimate is 49.9% higher than the previous financial year.
The company expects to set a profit record if it reaches the forecast, its first such record in four years.
Its profit in July-September more than doubled from a year earlier to ¥321.2 billion.
Mitsubishi also announced a share buyback and cancellation on a roughly ¥1 trillion scale, according to the announcement headline.
The revised forecast sets the company’s target for the rest of the financial year, which ends in March.
Mitsubishi Corp. raised its full-year net profit forecast for the fiscal year ending March 2027 by 9.1% to 1.2 trillion yen.
The company reported first-half net profit of 619.696 billion yen, up 74.2% from a year earlier.
The revised forecast would mark a record annual profit, surpassing the previous record for the first time in four years.
Net profit for July through September was 321.172 billion yen, about 2.1 times the level a year earlier.
- Who
- Mitsubishi Corp.
- What
- It raised its full-year net profit forecast to 1.2 trillion yen after first-half profit increased 74.2%.
- When
- The results and forecast revision were announced on November 4, 2026.
- Where
- Not stated.
- Why
- Not stated.
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- First-half net profit
- 619.696 billion yen, up 74.2% year on year
- Revised full-year forecast
- 1.2 trillion yen for the fiscal year ending March 2027
- Forecast increase
- 9.1%, from 1.1 trillion yen
- July–September net profit
- 321.172 billion yen, about 2.1 times the year-earlier level
- Record outlook
- Highest annual profit in four years, according to the report