8058
Mitsubishi Corporation
三菱商事株式会社
Industrials · Conglomerates
Mitsubishi Corporation engages in the global environment and energy, material solutions, metal resources, social infrastructure, mobility, food industry, SLC, and power solutions businesses in Japan and internationally. The Global Environment and Energy segment engages in the development and production of natural gas and liquefied natural gas (LNG), LPG, and petroleum products; and development of energy businesses. The Material Solutions segment is involved in sales transactions; and business investment and business development in material-related fields, including petrochemicals, basic chemicals, functional materials, carbon/ceramics, and steel products. The Metal Resources segment engages in the investment and development of metal resources, such as copper, coking coal, iron ore, aluminum, lithium, and nickel; and supplies raw materials for steel and non-ferrous metals. The Social Infrastructure segment develops power generation, ships, aerospace, industrial machinery, energy infrastructure, and vinegar. The Mobility segment is involved in the automotive value chain business, including sales, sales financing, after-sales services for automobiles, and mobility service businesses; and mobility-related businesses. The Food industry segment sells food, fresh produce, consumer goods, and food ingredients. The S.L.C. segment is involved in C2B business. The Power Solutions segment engages in power generation, trading, and retail electricity, as well as power transmission and hydrogen energy development. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
Price
¥5,065
Market Cap
¥20.2T
Ent. Value
¥24.2T
Net Debt
−¥3.9T
Shares Out.
4.0B
P / E
24.0×
EV / EBIT
17.3×
P / Book
1.96×
P / NCAV
N/M
Div. Yield
1.09%
Financials
| Metric |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥18,617.6B | ¥19,567.6B | ¥21,572.0B | ¥17,264.8B |
| Cost of Sales | ¥17,260.9B | ¥17,207.9B | ¥19,012.0B | ¥15,114.1B |
| Gross Profit | ¥1,655.1B | ¥2,359.7B | ¥2,560.0B | ¥2,150.8B |
| SG&A | ¥1,236.5B | ¥1,692.3B | ¥1,607.5B | ¥1,432.0B |
| Operating Income | ¥1,393.4B | — | — | — |
| Non-Operating Income | ¥342.6B | ¥305.4B | ¥203.6B | ¥186.5B |
| Non-Operating Expenses | ¥170.6B | ¥191.1B | ¥115.4B | ¥46.7B |
| Ordinary Income | ¥1,076.2B | — | — | — |
| Pre-tax Income | ¥1,096.1B | ¥1,362.6B | ¥1,680.6B | ¥1,293.1B |
| Net Income (owners) | ¥800.5B | ¥964.0B | ¥1,180.7B | ¥937.5B |
| Minority Interest | ¥125.5B | ¥60.8B | ¥90.8B | ¥66.9B |
| Comprehensive Income | ¥1,186.2B | ¥1,800.8B | ¥1,778.9B | ¥1,569.2B |
| EPS | ¥210.92 | ¥230.10 | ¥809.29 | ¥635.06 |
| Shares Outstanding | 4.00B | 4.12B | 1.44B | 1.48B |
| Shares Issued (total) | 4.02B | 4.18B | 1.46B | 1.49B |
| Treasury Shares | 24.9M | 60.7M | 22.5M | 5.9M |
| Metric |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥24,151.7B | ¥23,459.6B | ¥22,152.9B | ¥21,912.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥10,171.7B | ¥11,676.5B | ¥9,109.3B | ¥9,531.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥1,841.5B | ¥1,251.5B | ¥1,557.0B | ¥1,555.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥13,980.0B | ¥11,783.1B | ¥13,043.6B | ¥12,381.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥3,499.2B | ¥2,692.4B | ¥2,992.0B | ¥2,784.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥297.8B | ¥296.5B | ¥459.8B | ¥453.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥461.2B | ¥446.4B | ¥747.6B | ¥767.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥39.1B | ¥43.3B | ¥39.1B | ¥53.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥13,901.1B | ¥13,364.7B | ¥13,028.5B | ¥14,054.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥7,208.0B | ¥8,132.1B | ¥6,694.7B | ¥7,317.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥1,610.9B | ¥1,733.7B | ¥1,395.9B | ¥1,603.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥6,693.2B | ¥5,232.7B | ¥6,333.8B | ¥6,737.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥4,136.0B | ¥3,394.3B | ¥3,494.0B | ¥4,039.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥899.6B | ¥789.9B | ¥679.1B | ¥643.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥10,250.6B | ¥10,094.8B | ¥9,124.4B | ¥7,857.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥228.0B | ¥226.8B | ¥225.9B | ¥226.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥6,954.0B | ¥6,452.1B | ¥6,049.3B | ¥5,204.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-99.1B | ¥-187.0B | ¥-124.1B | ¥-25.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥2,397.8B | ¥2,347.6B | ¥1,715.5B | ¥1,270.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥9,440.6B | ¥9,043.9B | ¥8,071.0B | ¥6,880.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥785.6B | ¥1,051.0B | ¥1,053.4B | ¥976.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥5,746.9B | ¥5,128.0B | ¥4,889.9B | ¥5,643.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-3,905.5B | ¥-3,876.4B | ¥-3,332.9B | ¥-4,087.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-3,729.5B | ¥-1,688.2B | ¥-3,919.2B | ¥-4,523.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-933 | ¥-410 | ¥-2,730 | ¥-3,057 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,362 | ¥2,196 | ¥5,621 | ¥4,649 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥1,490.0B | ¥1,347.4B | ¥1,930.1B | ¥1,055.8B |
| Investing CF | ¥-448.6B | ¥-205.8B | ¥-177.5B | ¥-167.6B |
| CapEx | ¥352.9B | ¥520.5B | ¥455.0B | ¥393.8B |
| Financing CF | ¥-804.7B | ¥-1,086.2B | ¥-1,766.6B | ¥-693.4B |
| Free Cash Flow | ¥1,137.1B | ¥826.8B | ¥1,475.2B | ¥662.0B |
| Net Change in Cash | ¥285.1B | ¥-305.4B | ¥1.4B | ¥237.7B |
| Metric |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 7.9% | 10.0% | 13.9% | 11.9% |
| ROA | 3.4% | 4.2% | 5.4% | 4.3% |
| EPS | ¥210.92 | ¥230.10 | ¥809.29 | ¥635.06 |
| DPS | ¥55.00 | ¥70.00 | ¥180.00 | ¥150.00 |
| BPS | ¥2,578.33 | — | — | — |
| FCF/Share | ¥284 | ¥201 | ¥1,027 | ¥447 |
| NCAV/Share | ¥-933 | ¥-410 | ¥-2,730 | ¥-3,057 |
| Payout Ratio | 26.1% | 30.4% | 22.2% | 23.6% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 7
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
619,726 | 15.50% |
| 2 |
BNYM AS AGT/CLTS 10 PERCENT
BNYM AS AGT/CLTS 10 PERCENT(常任代理人 株式会社三菱UFJ銀行)
|
411,385 | 10.29% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
212,905 | 5.32% |
| 4 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
140,084 | 3.50% |
| 5 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(退職給付信託口・議決権受託者行使型)
|
96,830 | 2.42% |
| 6 |
Tokio Marine & Nichido Fire Insurance Co., Ltd.
東京海上日動火災保険株式会社
|
85,851 | 2.14% |
| 7 |
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行決済営業部)
|
69,802 | 1.74% |
| 8 | JPモルガン証券株式会社 | 58,603 | 1.46% |
| 9 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
|
58,285 | 1.45% |
| 10 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行決済営業部)
|
52,559 | 1.31% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
23.2%
-1.7% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
14.8%
+0.9% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
7.1%
+0.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 45.1% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 19.54% | 19.21% | 17.92% -1.29% | |
| BNY Mellon | — | 9.78% | 10.29% +0.51% | |
| Japan Custody Bank 日本カストディ銀行 | 5.86% | 5.70% | 5.32% -0.38% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 4.06% | 4.25% | 3.50% -0.75% | |
| State Street | 1.60% | 2.81% | 3.19% +0.38% | |
| Tokio Marine & Nichido Fire Insurance Co., Ltd. 東京海上日動火災保険 | 3.01% | 2.61% | 2.14% -0.47% | |
| JPモルガン証券 NEW ENTRY | — | — | — | 1.46% NEW |
| JP Morgan | 1.03% | 1.26% | 1.31% +0.05% | |
| EUROCLEAR BANK S.A./N.V. last seen 2023 | Exited Top 10 | 7.51% | — | — |
| Concentration (HHI) ⓘ | 502 | 532 | 486 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Buyback
¥395,012,000,000
The document shows actual capital returns executed rather than forward-looking policy targets. During FY2024, the company conducted share buybacks (¥395.0 billion) and paid dividends (¥343.97 billion), with treasury share cancellation of ¥474.5 billion. No explicit dividend payout ratio or ROE targets are stated in the provided excerpts.
Portfolio Book Value
¥447,983M
+1% since 2023
Holdings
48
10 exited
Trend
8 unwinding
vs 2023
| Held Company | FY2025 ¥447,983M total | FY2023 ¥445,479M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
ISUZU MOTORS LIMITED
いすゞ自動車
|
128,316 |
63,633,040
|
100,476 | 63,633,040 | |
|
NISSIN FOODS HOLDINGS CO.,LTD.
日清食品ホールディングス
|
50,448 |
+163.5%
↑
16,524,084
|
76,079 | 6,272,028 | M |
| AYALA | 45,273 |
-22.9%
↓
29,127,112
|
60,642 | 37,771,897 | |
|
RYOHIN KEIKAKU CO.,LTD.
良品計画
|
43,789 |
10,783,000
|
16,217 | 10,783,000 | |
| SUMBER ALFARIA TRIJAYA | 37,956 |
2,034,681,026
|
52,152 | 2,034,681,026 | |
|
YAMAZAKI BAKING CO., LTD.
山崎製パン
|
28,367 |
9,849,655
|
15,798 | 9,849,655 | M |
|
Mitsubishi Heavy Industries,Ltd.
三菱重工業
|
22,418 |
+400.1%
↑
8,875,000
|
8,652 | 1,774,500 | M |
|
Mitsubishi Estate Company, Limited
三菱地所
|
19,132 |
-25.0%
↓
7,866,807
|
16,536 | 10,489,077 | M |
|
ISE CHEMICALS CORPORATION
伊勢化学工業
|
12,984 |
577,604
|
4,268 | 577,604 | |
| THAI UNION GROUP | 11,450 |
238,745,120
|
13,162 | 238,745,120 | |
|
NYK Line Co.
日本郵船
|
10,628 |
2,159,790
|
6,671 | 2,159,790 | M |
| SAHA PATHANA INTER-HOLDING | 5,516 |
20,220,550
|
5,435 | 20,220,550 | |
|
Mitsubishi Research Institute, Inc.
三菱総合研究所
|
4,577 |
975,076
|
4,972 | 975,076 | M |
|
Kato Sangyo Co., Ltd.
加藤産業
|
4,405 |
-50.0%
↓
893,663
|
6,273 | 1,787,363 | M |
|
SEC CARBON,LIMITED
SECカーボン
|
4,084 |
+400.0%
↑
1,961,000
|
3,427 | 392,200 | M |
|
NISSHIN SEIFUN GROUP INC.
日清製粉グループ本社
|
2,983 |
-46.5%
↓
1,724,322
|
5,000 | 3,224,322 | M |
|
TAYCA CORPORATION
テイカ
|
2,173 |
1,630,343
|
1,914 | 1,630,343 | M |
|
Mitsubishi Logistics Corporation
三菱倉庫
|
1,947 |
+100.8%
↑
2,013,530
|
3,118 | 1,002,706 | M |
|
Riken Technos Co., Ltd.
リケンテクノス
|
1,902 |
-20.0%
↓
1,824,505
|
1,343 | 2,280,605 | M |
| DingZing Advanced Materials | 1,569 |
2,400,000
|
659 | 2,400,000 | |
|
ALBIS Co.,Ltd.
アルビス
|
1,490 |
535,600
|
1,333 | 535,600 | |
| ENGRO POLYMER CHEMICALS | 1,383 |
67,950,000
|
1,493 | 67,950,000 | |
|
MITSUBISHI GAS CHEMICAL COMPANY,INC.
三菱瓦斯化学
|
1,046 |
-32.8%
↓
450,000
|
1,315 | 670,000 | M |
|
ARCS COMPANY,LIMITED
アークス
|
873 |
300,400
|
674 | 300,400 | |
|
NIFCO INC.
ニフコ
|
715 |
199,650
|
748 | 199,650 | |
| USINAS SIDERURGICAS DE MINAS GERAIS (普通株) | 549 |
-50.0%
↓
3,724,772
|
1,557 | 7,449,544 | |
| MABUHAY VINYL CORPORATION | 526 |
39,689,999
|
519 | 39,689,999 | |
|
JGC HOLDINGS CORPORATION
日揮ホールディングス
|
413 |
351,384
|
576 | 351,384 | |
|
Pharma Foods International Co., Ltd.
ファーマフーズ
|
357 |
400,000
|
566 | 400,000 | |
|
HAGOROMO FOODS CORPORATION
はごろもフーズ
|
295 |
+0.1%
↑
90,876
|
274 | 90,756 | M |
| FOUR SEAS MERCANTILE HOLDINGS | 177 |
-45.8%
↓
3,545,000
|
296 | 6,545,000 | |
|
Chubu Feed Co.
中部飼料
|
149 |
111,358
|
116 | 111,358 | |
|
Fujiya Co.,Ltd
不二家
|
49 |
20,847
|
51 | 20,847 | |
|
THE KINKI SHARYO CO.,LTD.
近畿車輛
|
44 |
29,420
|
43 | 29,420 | M |
| DEWAN SALMAN FIBRE | — | — | |||
|
NIKON CORPORATION
ニコン
|
— | — | M | ||
|
MITSUBISHI MATERIALS CORPORATION
三菱マテリアル
|
— | — | |||
| TAIWAN HIGH SPEED RAIL | — | — | |||
|
Ensuiko Sugar Refining Co.,Ltd.
塩水港精糖
|
— | — | |||
| 四国化成工業 | — | — | |||
|
TOMOKU CO.,LTD.
トーモク
|
— | — | |||
|
Mitsubishi Kakoki Kaisha, Ltd.
三菱化工機
|
— | — | |||
|
Chugai Ro Co.,Ltd.
中外炉工業
|
— | — | |||
|
NIPPON SEIRO CO., LTD.
日本精蝋
|
— | — | |||
| ジューテックホールディングス | — | — | |||
|
Rasa Industries,Ltd.
ラサ工業
|
— | — | |||
|
OCHI HOLDINGS CO.,LTD.
OCHIホールディングス
|
— | — | |||
| USINAS SIDERURGICAS DE MINAS GERAIS(優先株) | — | — | |||
|
INPEX CORPORATION
INPEX
|
— |
−100%
Exit
—
|
20,428 | 14,623,200 | |
|
NAGATANIEN HOLDINGS CO.,LTD.
永谷園ホールディングス
|
— |
−100%
Exit
—
|
4,361 | 2,084,998 | M |
|
NICHIHA CORPORATION
ニチハ
|
— |
−100%
Exit
—
|
945 | 350,300 | |
|
Taki Chemical Co., Ltd.
多木化学
|
— |
−100%
Exit
—
|
992 | 210,562 | M |
| 達輝光電股分有限公司 | — |
−100%
Exit
—
|
79 | 2,750,000 | |
|
Mitsubishi UFJ Financial Group, Inc.
三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
5,225 | 6,162,300 | |
|
Nippon Soda Co., Ltd.
日本曹達
|
— |
−100%
Exit
—
|
504 | 109,400 | |
|
tenox corporation
テノックス
|
— |
−100%
Exit
—
|
302 | 317,020 | |
|
SPANCRETE CORPORATION
スパンクリートコーポレーション
|
— |
−100%
Exit
—
|
261 | 1,187,600 | |
|
TOYODA GOSEI CO.,LTD.
豊田合成
|
— |
−100%
Exit
—
|
27 | 12,123 | |
| Portfolio total | 447,983 | 445,479 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding