Mitsubishi Corp, a Japanese trading company, announced a strategic plan to invest at least 4 trillion yen over the next three years with the goal of increasing net profit to 1.2 trillion yen by the 2027/28 fiscal year. The company aims to maintain a policy of progressive dividends and flexible share buybacks, including a buyback plan of up to 1 trillion yen of its own shares between April 4, 2023, and March 31, 2026.

Mitsubishi intends to allocate approximately 1 trillion yen for sustaining capital expenses and over 3 trillion yen for growth investments during the three-year period. Any excess cash will be evaluated for possible re-investment or additional shareholder returns after considering investment opportunities and other relevant factors, as outlined in a company statement.

In its financial forecast for the year ending March 31, Mitsubishi predicted a net profit of 950 billion yen, following a 52.2 billion yen impairment charge related to domestic offshore wind projects. For the current fiscal year, the company expects a decrease in net profit to 700 billion yen but plans to increase its dividend per share by 10 yen to 110 yen.

Mitsubishi's largest shareholder is Warren Buffett's Berkshire Hathaway, which holds a 9.67% stake in the company, according to LSEG data.