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Mitsubishi Corporation (MSBHF)

19.20

+0.60

+(3.23%)

As of 1:01:34 PM EDT. Market Open.

Mitsubishi forecasts 26% drop in annual profit, citing lack of capital gains

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.

Reuters 5 days ago

MTSUY
Japan's Mitsubishi may consider investing in Alaska LNG project, CEO says

TOKYO (Reuters) -Japanese trading house Mitsubishi Corp may consider investing in an LNG project in Alaska, though any decision will require careful review, Chief Executive Katsuya Nakanishi said on Thursday. An Alaskan delegation visited Japan last week to brief policymakers and meet possible backers of the $44 billion natural gas project in the U.S. state, which is part of President Donald Trump's push to boost U.S. gas exports. "We have been approached and are considering it," Nakanishi told reporters when asked about possible participation in the Alaska LNG project.

Reuters last month

MTSUY
ADM and Mitsubishi explore “strategic” alliance in agriculture

The alliance aims to explore potential areas for future cooperation across the agriculture value chain.

Just Food last month

ADM

MTSUY
Berkshire Hathaway raises stake in these 5 Japanese trading houses

Berkshire Hathaway (BRK-B, BRK-A) has increased its stake in these five Japanese trading houses: Mitsubishi (8058.T), Marubeni (8002.T), Mitsui (8031.T), Sumitomo (8053.T), and Itochu shares (8001.T), all of which have outperformed the Nikkei 225 (^N225) in the last five year. Madison Mills and Bullseye American Ingenuity Fund portfolio manager Adam Johnson break down Warren Buffett's latest filings and what this investment could mean for Japanese equities. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

Yahoo Finance Video last month

BRK-B

SSUMF

SSUMY
Berkshire Hathaway Raises Stakes in Japanese Trading Houses

National Indemnity, a wholly owned unit of Berkshire Hathaway, said that it increased its stakes in the five trading houses by between 1.0% and 1.7%.

The Wall Street Journal last month

ITOCF

ITOCY

MARUF
Japanese trading house stocks climb on Buffett's comments

Japanese trading house stocks gain as Berkshire Hathaway (BRK-B, BRK-A) Chairman and CEO Warren Buffett praises the firms for increasing dividends, conducting share buybacks, offering less aggressive executive pay packages compared to US companies, and their yen balance strategy. Berkshire Hathaway maintain holdings of Mitsubishi (8058.T), Marubeni (8002.T), Mitsui (8031.T), Sumitomo (8053.T), and Itochu shares (8001.T), all of which have outperformed the Nikkei 225 (^N225) in the last five year. Catch up on how Berkshire Hathaway has been adjusting its investment portfolio in recent months, including the firm's five biggest holdings. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Yahoo Finance Video 2 months ago

BRK-B

MITSF

MITSY
Mitsubishi takes $342.4m impairment charge on domestic offshore wind

The impairment over nine months to December 2024 has triggered a full review of project plans.

Power Technology 2 months ago

MTSUY
Mitsubishi books $342 million charge on Japan offshore wind projects

TOKYO (Reuters) -Japan's Mitsubishi Corp took a 52.2 billion yen ($342.4 million) impairment charge on its domestic offshore wind projects in the nine-month period ended in December, it said on Thursday. Mitsubishi leads consortia which won Japan's first state-run wind auctions in 2021 to run three offshore wind farm projects. The trading house said on Monday it is reviewing how to proceed with the offshore wind projects given a "significantly changed" business environment, showing that the country is not immune to rising costs across offshore wind projects globally.

Reuters 2 months ago

MTSUY
Mitsubishi reviews offshore wind in Japan amid economic challenges

The company is reassessing plans due to inflation, a weaker yen, supply issues and rising interest rates.

Power Technology 2 months ago

MTSUY
Exclusive-Japan weighs Alaska LNG pipeline pledge to win Trump's favour

TOKYO (Reuters) -Japan is considering offering support for a $44 billion gas pipeline in Alaska as it seeks to court U.S. President Donald Trump and forestall potential trade friction, according to three officials familiar with the matter. Officials in Tokyo expect Trump may raise the project, which he has said is key for U.S. prosperity and security, when he meets Japanese Prime Minister Shigeru Ishiba for the first time in Washington as soon as next week, the sources said. Japan has doubts about the viability of the proposed 800-mile pipeline – intended to link fields in Alaska's north to a port in the south, where gas would be liquefied and shipped to Asian customers – because of the overall costs of the gas relative to other sources.

Reuters 3 months ago

MTSUY
Trending tickers: Pfizer, Micron, Nissan, Teva and National Grid

The latest investor updates on stocks that are trending on Wednesday.

Yahoo Finance UK 4 months ago

^DJI

^IXIC

NGG
Ample attracts $25m from Mitsubishi for battery swap tech

The company will leverage Mitsubishi's expertise in mobility and battery recycling to accelerate sustainable energy solutions.

Just Auto 5 months ago

MTSUY
Nissan, Mitsubishi to Form Joint Venture for Autonomous Driving Services, EV Batteries

The JV will launch by the end of fiscal 2024 focused on autonomous vehicle services and EV battery integration

GuruFocus.com 5 months ago

NSANY

MTSUY
Mitsubishi Corp, Nissan to establish JV on autonomous driving, EV batteries, Yomiuri says

Japan's Mitsubishi Corp and Nissan have decided to establish a joint venture to provide services related to autonomous driving and using electric vehicle batteries as storage batteries, the Yomiuri newspaper reported on Monday. The new company will be launched by March 2025 and equally owned by the two firms, Yomiuri reported. (This story has been repeated to change the image, with no changes to text)

Reuters 5 months ago

MTSUY

NSANY
Stocks to watch this week: BP, Shell, Uber, HSBC and Intel

Earnings preview of key companies reporting this week and what to look out for.

Yahoo Finance UK 6 months ago

BMY

CELG-RT

BASFY
The best funds to invest in according to expert research teams

Picking the right funds to invest in can be daunting task with so many to choose from. Here are the top picks from Bestinvest's research teams.

Yahoo Finance UK 6 months ago

^DJI

SNEJF

SONY
ExxonMobil, Mitsubishi Join Forces on Major Low-Carbon Project

Per the agreement, XOM and MSBHF are likely to explore opportunities for the latter's acquisition of low-carbon ammonia and potential investment in the project.

Zacks 7 months ago

XOM

MTSUY

FTI
ExxonMobil joins forces with Mitsubishi for hydrogen plant in Texas, US

The companies will discuss Mitsubishi’s offtake of low-carbon ammonia and potential project investment.

Offshore Technology 7 months ago

XOM

MTSUY
Japan's Mitsubishi to buy stake, offtake ammonia from ExxonMobil in Texas

Japanese trading house Mitsubishi said on Friday it has reached a preliminary agreement to buy a stake in and offtake low-carbon ammonia from ExxonMobil's hydrogen facility in Texas. Part of its decarbonisation drive, Japan is aiming to increase usage of hydrogen and its derivative, ammonia, for co-firing at power plants, usage in the steel and automobile industries and other areas. Mitsubishi said that ExxonMobil's facility was expected to produce up to 1 billion cubic feet (bcf) per day of hydrogen, which would have about 98% of CO2 removed, and more than 1 million tons of low-carbon ammonia per year.

Reuters 7 months ago

XOM

MTSUY

IDKOY
Matthews Japan Fund's Strategic Moves: A Focus on Mitsubishi Corp's Significant Portfolio Impact

Insights from the Latest N-PORT Filing for Q2 2024

GuruFocus.com 7 months ago

MTSUY

Performance Overview

Return	MSBHF	Nikkei 225 (^N225)
YTD	+16.36%	-7.81%
1-Year	-16.61%	-5.29%
3-Year	+82.70%	+36.20%

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Mitsubishi Corporation (MSBHF)

Mitsubishi forecasts 26% drop in annual profit, citing lack of capital gains

Japan's Mitsubishi may consider investing in Alaska LNG project, CEO says

ADM and Mitsubishi explore “strategic” alliance in agriculture

Berkshire Hathaway raises stake in these 5 Japanese trading houses

Berkshire Hathaway Raises Stakes in Japanese Trading Houses

Japanese trading house stocks climb on Buffett's comments

Mitsubishi takes $342.4m impairment charge on domestic offshore wind

Mitsubishi books $342 million charge on Japan offshore wind projects

Mitsubishi reviews offshore wind in Japan amid economic challenges

Exclusive-Japan weighs Alaska LNG pipeline pledge to win Trump's favour

Trending tickers: Pfizer, Micron, Nissan, Teva and National Grid

Ample attracts $25m from Mitsubishi for battery swap tech

Nissan, Mitsubishi to Form Joint Venture for Autonomous Driving Services, EV Batteries

Mitsubishi Corp, Nissan to establish JV on autonomous driving, EV batteries, Yomiuri says

Stocks to watch this week: BP, Shell, Uber, HSBC and Intel

The best funds to invest in according to expert research teams

ExxonMobil, Mitsubishi Join Forces on Major Low-Carbon Project

ExxonMobil joins forces with Mitsubishi for hydrogen plant in Texas, US

Japan's Mitsubishi to buy stake, offtake ammonia from ExxonMobil in Texas

Matthews Japan Fund's Strategic Moves: A Focus on Mitsubishi Corp's Significant Portfolio Impact

Performance Overview