TOKYO, April 3 (Reuters) - Japanese trading house

Mitsubishi Corp ( MSBHF ) said on Thursday it planned to invest

at least 4 trillion yen ($27 billion) over the next three years

to drive growth and aimed to lift its net profit to 1.2 trillion

yen in the 2027/28 financial year.

Unveiling its new three-year management strategy starting

this month, Mitsubishi ( MSBHF ) also said it would maintain its basic

policy of progressive dividends and flexible share buybacks,

including a plan to buy back up to 1 trillion yen of its own

shares from April 4 to March 31, 2026.

Over the three-year period, Mitsubishi ( MSBHF ) plans to allocate

about 1 trillion yen to sustaining capital expenditure and more

than 3 trillion to growth investments.

In a scenario where it had excess cash, the company would

evaluate the allocation of those funds to investments or

additional shareholder returns after considering its investment

pipeline and other factors, it said in a statement.

In February, Mitsubishi ( MSBHF ), which took a 52.2 billion yen

impairment charge on its domestic offshore wind projects in the

nine-month period ended in December, forecast a net profit of

950 billion yen for the year that ended March 31.

For the year that began this month, Mitsubishi ( MSBHF ) predicted its

net profit would fall to 700 billion yen, but it would boost its

dividend by 10 yen to 110 yen per share.

The company's largest shareholder is legendary U.S. investor

Warren Buffett's Berkshire Hathaway ( BRK/A ), which has a 9.67%

stake, according to LSEG data.

($1 = 147.4200 yen)