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Mitsubishi Corporation (8058) investor relations material
Mitsubishi Corporation Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Underlying operating cash flow for Q2 FY25 was ¥446.3 billion and consolidated net income was ¥355.8 billion, both tracking at about 50% of the full-year forecast, despite segment differences and challenging macroeconomic conditions.
Revenues for the six months ended September 30, 2025, declined 7.7% year-over-year to ¥8,637.8 billion, mainly due to Lawson becoming an equity method affiliate.
Profit before tax dropped 49.3% to ¥458.5 billion, and profit attributable to owners of the Parent fell 42.4% to ¥355.8 billion.
Corporate Strategy 2027 initiatives and strategic investments in copper and LNG projects continue to enhance business value.
Full-year forecasts remain at ¥900 billion for operating cash flow and ¥700 billion for net income, with segment-level revisions reflecting market and business environment changes.
Financial highlights
Q2 underlying operating cash flow declined ¥81 billion year-over-year, mainly due to weaker Australian steelmaking coal markets and Lawson's reclassification.
Q2 consolidated net income fell ¥262.3 billion year-over-year, reflecting the absence of prior year one-off capital gains.
Gross profit decreased 33.3% year-over-year to ¥706.5 billion, reflecting the impact of Lawson's change in accounting treatment.
Share buyback program (up to ¥1 trillion) is progressing, with ¥578.2 billion purchased as of September 30, 2025.
Dividend per share increased to ¥110 for FY2025.
Outlook and guidance
Full-year forecasts for both operating cash flow and net income are maintained at ¥900 billion and ¥700 billion, respectively.
Segment-level forecasts adjusted for macroeconomic and market trends, with some segments expecting stronger H2 performance due to timing of income and market recovery.
Corporate Strategy 2027 targets over 10% average operating cash flow growth and ROE above 12% by FY27.
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