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Marubeni (8002) investor relations material
Marubeni Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net profit for Q1–Q3 FYE 3/2026 was ¥432.3bn, up 1.7% year-over-year, supported by a one-time real estate gain.
Revenue rose 7.9% year-over-year to ¥6,172.4bn, driven by growth in Metals & Mineral Resources and Food & Agri Business.
Operating profit declined 14.3% year-over-year to ¥190.6bn due to higher SG&A expenses and lower gross trading profit.
Full-year net profit forecast was raised to ¥540.0bn (+¥30.0bn), reflecting improved business performance and higher commodity prices.
Upward revisions reflect increased contributions from growth investments and a one-time valuation gain from real estate integration.
Financial highlights
Gross trading profit decreased by 1.2% to ¥858.8bn, mainly due to declines in Energy & Chemicals and Metals & Mineral Resources.
Basic earnings per share for the nine months was ¥262.33, up from ¥255.82 in the prior year.
Total assets increased to ¥10,011.3bn, and equity attributable to owners rose to ¥4,138.7bn.
Net interest-bearing debt increased to ¥2,182.9bn; net D/E ratio at 0.53x.
Free cash flow was positive at ¥7.7bn for the period.
Outlook and guidance
Full-year net profit forecast is ¥540.0bn, with adjusted net profit at ¥485.0bn.
Core operating cash flow forecast raised to ¥570.0bn.
Annual dividend forecast increased to ¥107.5 per share; share buyback program totals ¥55.0bn for FYE 3/2026.
Share repurchases of up to ¥15.0bn or 5 million shares are planned between February and June 2026.
Market cap target of over ¥10tn brought forward to FYE 3/2028.
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Merger vote includes new non-voting stock class with limited conversion and no voting rights.
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