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Mitsubishi Corporation (8058) investor relations material
Mitsubishi Corporation Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Underlying operating cash flow for the nine months ended December 31, 2025, was ¥763.3 billion (83% of the revised full-year forecast), and consolidated net income was ¥607.9 billion (87% of forecast), both supported by improved market conditions and profitability across multiple businesses.
Revenue for the nine months ended December 31, 2025, was ¥13,681.0 billion, down 1.9% year-over-year, mainly due to Lawson becoming an equity method affiliate.
Profit attributable to owners of the Parent decreased 26.5% year-over-year to ¥607.9 billion.
Comprehensive income rose 2.6% year-over-year to ¥1,081.4 billion, driven by strong other comprehensive income.
Major investments include the acquisition of Haynesville shale gas assets in the U.S. and upstream gas assets in Brunei, with progress on 'Enhance', 'Reshape', and 'Create' initiatives under Corporate Strategy 2027.
Financial highlights
Underlying operating cash flow was flat year-over-year, with segment outperformance offsetting weaker Australian steelmaking coal and LNG Canada startup costs.
Gross profit declined 17.6% year-over-year to ¥1,200.3 billion.
Profit before tax fell 32% to ¥820.0 billion.
Share buybacks reached ¥794.3 billion as of December 31, 2025, as part of a ¥1 trillion program.
Adjusted consolidated net income for the period was ¥522.2 billion, excluding ¥63.6 billion in one-time items and ¥47.1 billion in capital recycling gains/losses.
Outlook and guidance
Full-year underlying operating cash flow forecast raised to ¥920 billion (+¥20 billion), consolidated net income maintained at ¥700 billion.
Full-year profit attributable to owners of the Parent is forecast at ¥700.0 billion, a 26.4% decrease year-over-year.
Annual dividend forecast is ¥110.00 per share.
Segment forecasts reflect expected declines in LNG and steelmaking coal, but improvements in copper, power, and urban development.
Corporate Strategy 2027 targets profit growth through 'Enhance', 'Reshape', and 'Create' initiatives, with major projects on track.
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