Mitsubishi Corporation surges in afternoon trading on shale gas entry, forecasts 37% profit increase for current fiscal year

Mitsubishi Corporation <8058> surged in afternoon trading on May 1 after the company announced its full-year earnings and a robust outlook for the coming year. At 2:00 p.m., the trading giant said it expects net profit for the fiscal year ending March 2027 to reach 1.1 trillion yen, up 37.4% year-on-year. Mitsubishi also raised its annual dividend forecast by 15 yen to 125 yen. The projected profit growth is driven by its entry into the U.S. shale gas market and the full-year contribution of its Canadian LNG project, alongside anticipated asset sales and valuation gains. For the fiscal year ended March 2026, net profit fell 15.8% to 800.46 billion yen.

Source: MINKABU PRESS

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