In its first-quarter results for the fiscal year ending March 2027, Mitsubishi Corp reported net profit of 298.5 billion yen, up 47.0% from a year earlier, on revenue of 5.1809 trillion yen, up 22.8%. According to company disclosures, gross profit rose by 128.7 billion yen, from 368.5 billion yen to 497.2 billion yen, mainly on higher market prices; financial income increased by 34.8 billion yen, from 60.1 billion yen to 95 billion yen; and profit from investments accounted for using the equity method grew by 12.2 billion yen, from 138.7 billion yen to 150.9 billion yen. On the other hand, selling, general and administrative expenses rose by 56.4 billion yen due to the impact of foreign exchange translation from the weaker yen and an increase in the allowance for doubtful accounts, but pretax profit increased by 135.1 billion yen, from 252.9 billion yen to 388 billion yen. The full-year net profit forecast is 1.1 trillion yen, up 37.4% from the previous fiscal year, and the first-quarter result represents 27% of that, slightly above the even quarterly pace of 25%. The annual dividend forecast is 125 yen per share, raised from 110 yen a year earlier, which would mark an 11th consecutive year of dividend increases. For the previous fiscal year ended March 2026, net profit fell 15.8% to 800.4 billion yen, reflecting a reversal from the revaluation gain booked when Lawson became an equity-method affiliate.
Mitsubishi CorporationMitsubishi Corp reported Q1 net profit up 47% to 298.5 billion yen and raised its full-year forecast and dividend.
