Published by Global Banking & Finance Review®
Posted on May 2, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleMitsubishi Corp forecasts a 26% profit drop to 700 billion yen, citing lack of capital gains. This is below analysts' expectations.
TOKYO (Reuters) -Japanese trading house Mitsubishi Corp forecast on Friday its net profit for the year ending March would fall 26% to 700 billion yen ($4.82 billion), citing the absence of major capital gains.
Mitsubishi posted 950.7 billion yen in net profit for the year ended in March, down 1.4% from a year ago and slightly missing an LSEG poll of analysts that had estimated an average profit of 957.1 billion yen. This year's profit forecast is also below analysts' expectations of 747 billion yen.
Warren Buffett's Berkshire Hathaway, a large minority shareholder in Mitsubishi, has been expanding its stake in the company as well as in other Japanese trading houses including Marubeni and Sumitomo Corp.
($1 = 145.3000 yen)
(Reporting by Katya Golubkova; Editing by Sonali Paul and Muralikumar Anantharaman)
The article discusses Mitsubishi Corp's forecast of a 26% drop in annual profit due to lack of capital gains.
The forecast is significant as it falls below analysts' expectations and highlights challenges in capital gains.
Berkshire Hathaway, led by Warren Buffett, is a large minority shareholder in Mitsubishi and is expanding its stake.
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