Investor Presentaiton
November 2, 2023
Mitsubishi Corporation
Mitsubishi Corporation
Summary of Results for the First Six Months of FY2023
(Billions of Yen)
First Six Months
FY2022
FY2023
Change
Forecast for
FY2023
Released in May
Revised
Change
Consolidated
720.0
466.1
(253.9)
Net Income
Consolidated
Net Income
Dividend per share
(Before stock split)
920.0
950.0
+30.0
200 yen
210 yen
+10 yen
Year-over-year fluctuation
As a result of steady earnings in each segment, profit in
the first half of the fiscal year reached ¥466.1 billion, the
second highest ever, surpassed only by the previous year.
✓ Profit decreased year-over-year due to previous year's
soaring resource prices and capital gains, but profit still
remained strong and is expected to remain solid going
forward.
Forecast for the year
Profit in Natural Gas, Automotive & Mobility, Industrial
Materials, Consumer Industry, and other segments has
been firm and is expected to increase. As such, we have
increased the annual forecast for consolidated net income
by ¥30.0 billion to ¥950.0 billion.
✓ To further enhance corporate value, we will accelerate
efforts to implement the value-added cyclical growth
model and other policies outlined in Midterm Corporate
Strategy 2024.
Shareholder returns
✓ Per-share dividend forecast revised upward by \10 to
¥210, in line with the higher revised earnings forecast
and the continuation of the progressive dividend policy.
Forecast for the year and shareholder returns
920.0
Share buybacks
¥100.0 bn
Dividend per Share
¥200
(Before stock split)
(Approx.¥275.0 bn)
Original forecast
(Released May 9)
Total payout
Approx. ¥375.0 bn
✓
Food Industry and Chemical Solution
72.0
(Billions of Yen)
(29.0)
(13.0)
Concern over possible
future losses, etc.
✓ Firm performance in Natural Gas,
Automotive & Mobility, Industrial
Materials, Consumer Industry,
etc.
Segments with
increased profit
Segments with
decreased profit
Other segments
Total payout ratio: Approx. 40%
950.0
Share buybacks
¥100.0 bn
Dividend per Share
¥210
(Before stock split)
(Approx.¥290.0 bn)
Revised forecast
(Released Nov. 2)
Total payout
Approx. ¥390.0 bn
Total payout ratio: Approx. 40%
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