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Mitsubishi forecasts 26% drop in annual profit, citing lack of capital gains
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Mitsubishi forecasts 26% drop in annual profit, citing lack of capital gains
May 25, 2025 11:59 PM

TOKYO, May 2 (Reuters) - Japanese trading house

Mitsubishi Corp ( MSBHF ) forecast on Friday its net profit for

the year ending March would fall 26% to 700 billion yen ($4.82

billion), citing the absence of major capital gains.

Mitsubishi ( MSBHF ) posted 950.7 billion yen in net profit for the

year ended in March, down 1.4% from a year ago and slightly

missing an LSEG poll of analysts that had estimated an average

profit of 957.1 billion yen. This year's profit forecast is also

below analysts' expectations of 747 billion yen.

Warren Buffett's Berkshire Hathaway ( BRK/A ), a large

minority shareholder in Mitsubishi ( MSBHF ), has been expanding its stake

in the company as well as in other Japanese trading houses

including Marubeni ( MARUF ) and Sumitomo Corp. ( SSUMF )

($1 = 145.3000 yen)

(Reporting by Katya Golubkova; Editing by Sonali Paul and

Muralikumar Anantharaman)

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