06.02.202506:07:00UTC+00Mitsubishi 9-month Profit Climbs, Revenues Down; Confirms FY Outlook

Mitsubishi Corporation (MBC.L, MSBHY.PK), a prominent Japanese conglomerate, announced on Thursday an 18.8% increase in its profit attributable to shareholders for the nine months ending December 31. The profit rose to 827.41 billion yen, up from 696.61 billion yen in the same period the previous year. Earnings per share increased to 204.66 yen from 164.70 yen.

The company's profit before tax climbed to 1.21 trillion yen, marking a 20% rise compared to the 1.01 trillion yen reported last year.

However, revenues for this period declined by 5.2%, standing at 13.94 trillion yen compared to 14.71 trillion yen a year earlier.

Looking forward, Mitsubishi maintains its forecast for the fiscal year ending March 31, 2025, anticipating a profit attributable to shareholders of 950 billion yen, or 236.75 yen per share, reflecting a 1.5% decrease from the prior year.

As of Thursday's trading in Tokyo, Mitsubishi shares were valued at 2,537.50 yen, up by 1.62%.