Mitsubishi Corp expects its net profit for the fiscal year ending March 2026 to fall 26% to ¥700 billion (US$4.82 billion), citing the absence of significant capital gains that boosted earnings in previous years.
The Japanese trading giant reported a ¥950.7 billion net profit for the year ended March 2025, down 1.4% year-on-year and slightly below analyst expectations. The new forecast also trails market estimates of ¥747 billion.
Despite the dip, interest from major investor Warren Buffett’s Berkshire Hathaway remains strong, with continued investment in Mitsubishi and other Japanese trading houses like Marubeni and Sumitomo.–REUTERS
