Mitsui & Co. reported consolidated net profit for the first quarter of the fiscal year ending March 2027, rising 53.4% year-on-year to 294 billion yen, marking a record high for a first quarter. The energy business and other segments drove performance. The full-year consolidated net profit forecast was kept unchanged at 920 billion yen, but fell short of the average consensus estimate of 974.9 billion yen compiled by IBES from 16 analysts. The company also resolved to buy back up to 60 million shares, equivalent to 2.11% of outstanding shares, for a maximum of 200 billion yen, with the repurchase period running from August 5 to January 29 next year.
Mitsui & Co.,LtdRecord Q1 profit and share buyback announced, though full-year forecast missed consensus.