Equity-method gains exceed half of net profit, but ROE declined sharply over four years and stock fell 4.5%.
In Mitsui & Co.'s fiscal year ending March 2026, equity-method investment gains reached 447.4 billion yen, exceeding half of the net profit of 834.0 billion yen. This amount surpasses the 426.1 billion yen calculated as gross profit minus selling, general, and administrative expenses, indicating that profits from investees exceed the gross profit from trading. The investment balance in equity-method affiliates reached 5.5605 trillion yen, with the machinery and infrastructure sector being the largest at 1.8968 trillion yen. The company's ROE for the fiscal year ending March 2026 was 10.22%, down from 18.89% in the fiscal year ending March 2023, declining over four fiscal years. The stock price fell 4.5% on September 4, with a PER of 15.46 and a PBR of 1.58.
Equity-method gains exceed half of net profit, but ROE declined sharply over four years and stock fell 4.5%.