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Mitsubishi Profit Rises 47% in Fiscal Q1

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Mitsubishi Corp. (TYO:8058) posted a 47% year-over-year increase in profit attributable to owners of the parent to 298.52 billion yen for the three months ended June 30 from 203.12 billion yen.

The integrated trading and investment company's profit per share increased to 81.53 yen from 51.59 yen a year ago, according to a Tokyo Stock Exchange filing on Monday.

Revenue jumped 22.8% to 5.181 trillion yen from 4.219 trillion yen in the year-ago period.

For the fiscal year ending March 31, 2027, the company forecasts an attributable profit of 1.100 trillion yen and profit per share of 300.42 yen.

The company plans to pay a second quarter-end dividend of 62 yen per share for the current fiscal year.

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