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Mitsubishi, Mitsui boost 2026 profit estimates on higher energy, metals prices

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In short

The upgraded projections reflect significant momentum from April through September, with earnings surges giving leadership room to commit to aggressive strategic goals. Mitsubishi paired its profit revision with a massive 1 trillion yen share repurchase program while setting firm performance targets for subsequent fiscal years. Meanwhile, Mitsui is leveraging its financial cushion to ramp up liquefied natural gas throughput and strengthen return metrics into 2028.

Key points

  • Mitsubishi plans to maintain an annual net profit of at least 1.2 trillion yen in fiscal…: Mitsubishi plans to maintain an annual net profit of at least 1.2 trillion yen in fiscal 2027 regardless of elevated commodity prices.
  • Mitsui is targeting a fiscal 2028 net profit above 1.1 trillion yen while aiming to achie…: Mitsui is targeting a fiscal 2028 net profit above 1.1 trillion yen while aiming to achieve a return on equity exceeding 12 percent.
  • Mitsui intends to expand its annual liquefied natural gas handling volume by 3 million me…: Mitsui intends to expand its annual liquefied natural gas handling volume by 3 million metric tons by the year 2030.

Sources checked by our analysis pipeline: 1

TOKYO, Nov 4 : Japanese trading houses Mitsubishi Corp and Mitsui & Co on Wednesday boosted their net profit forecasts for the fiscal 2026 year ending next March to record levels as higher energy and metals prices lifted first-half earnings.

• Mitsubishi raised its net profit forecast by 9 per cent to a record 1.2 trillion yen ($7.6 billion) from its May estimate of 1.1 trillion yen. Its April-September net profit rose 74 per cent to 619.7 billion yen

• Mitsubishi also plans to buy back up to 6 per cent of its outstanding shares for up to 1 trillion yen

• The company aims to achieve net profit of at least 1.2 trillion yen in fiscal 2027, even without a contribution from higher commodity prices, CEO Katsuya Nakanishi told reporters

• Mitsui raised its fiscal 2026 net profit forecast by 14 per cent to 1.05 trillion yen from its May estimate of 920 billion yen

• Mitsui aims to achieve net profit of more than 1.1 trillion yen and return on equity of over 12 per cent in fiscal…

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