Mitsubishi Reports Q1 Profits Surpassing Expectations Amid Decline

Mitsubishi Corporation Reports Q1 Profits Exceeding Expectations Despite 43% Yearly Decline In the first quarter of 2025, Mitsubishi Corporation announced a net income of 203.12 billion yen, reflecting a 43% drop compared to the same period last year. Nevertheless, this figure surpassed market analysts' forecasts of 156.7 billion yen. The company's net sales for the quarter reached 4.22 trillion yen, marking a 10% decrease from the previous year. Looking ahead, Mitsubishi maintains its fiscal 2026 net income projection at 700 billion yen, aligning closely with analyst estimates of approximately 704 billion yen. The firm also reaffirmed its dividend outlook at 110 yen per share, consistent with market expectations. Current investment ratings include four buy recommendations and twelve hold suggestions, with no sell ratings. Investment analyst Travis Lundy, in a recent report on Smartkarma titled "MitCorp (8058) Big Buyback – Share Demand to Support Resilience," expressed a bullish outlook despite the challenges posed by tariffs and global market fluctuations. Lundy highlighted Mitsubishi's diverse product portfolio and strategic initiatives, including a substantial ¥1 trillion sh...