Marubeni (8002) Investor Day 2025 summary

Vision and strategic direction

• Aims to create value beyond traditional trading company boundaries by integrating group strengths, expertise, and cross-sector collaboration, forming a unified global crossvalue platform.

• Targets a market capitalization exceeding ¥10 trillion by FYE 3/2031, building on a multi-stage growth strategy since 2019.

• Focuses on benchmarking against global leaders and concentrating resources on winning strategies for sustainable growth.

Financial guidance and capital allocation

• Plans cumulative core operating cash flow of ¥2,000bn and divestments of ¥600bn during GC2027, with ¥1,700bn allocated to growth investments and ¥700bn to shareholder returns.

• Core operating cash flow grew at an 11% CAGR from FYE 3/2017 to FYE 3/2025, with continued maximization efforts.

• Shareholder returns to be strengthened, targeting a total payout ratio of approximately 40% by GC2027.

Business portfolio and growth drivers

• Pursues three growth drivers: continuous improvement of existing businesses, strategic capital allocation and growth investment, and the pursuit of the global crossvalue platform.

• Accelerates divestment from stagnant businesses and prioritizes investments in strategic platform businesses with high ROIC and scalability.

• Emphasizes disciplined capital allocation, investment quality improvement, and portfolio optimization.