Mitsubishi, Mitsui boost 2026 profit estimates on higher energy, metals prices

Mitsubishi Corp and Mitsui & Co have raised their forecasts for fiscal 2026 net profit to record levels, after higher energy and metals prices helped lift earnings in the first half of the year. Their results point to stronger commodity income, while both companies have also set out longer-term profit and growth plans.

Mitsubishi increased its forecast by 9 per cent to 1.2 trillion yen ($7.6 billion), after April to September net profit rose 74 per cent to 619.7 billion yen. It plans to buy back up to 6 per cent of its outstanding shares, worth as much as 1 trillion yen, and targets at least 1.2 trillion yen in profit in fiscal 2027 even without higher commodity prices. Mitsui raised its forecast by 14 per cent to 1.05 trillion yen and aims for more than 1.1 trillion yen in profit by fiscal 2028; its annual LNG handling volume of 12 million metric tons is expected to grow by 3 million by 2030.