Mitsubishi Corporation's net profit attributable to owners rose 47.0% year-on-year to ¥298.5bn in the quarter to June 2026, as revenue climbed 22.8% to ¥5.18tn. Pretax profit rose 53.4% to ¥388.0bn, and comprehensive income, which folds in currency translation swings, jumped more than fourfold to ¥445.3bn from ¥101.4bn a year earlier.
| Metric | Current Quarter | Year-Earlier Quarter | YoY Change |
|---|---|---|---|
| Revenue | ¥5.18tn | ¥4.22tn | +22.8% |
| Pretax profit | ¥388.0bn | ¥252.9bn | +53.4% |
| Quarterly net profit | ¥314.3bn | ¥220.6bn | +42.5% |
| Net profit attributable to owners | ¥298.5bn | ¥203.1bn | +47.0% |
| Comprehensive income | ¥445.3bn | ¥101.4bn | +339.1% |
Two forces did most of the work. Mitsubishi's own disclosure attributes higher revenue (+¥962.3bn) and higher gross profit (+¥128.7bn) directly to rising commodity prices. The clearest gain showed up in Metal Resources, the segment covering coal, iron ore and other minerals: net profit attributable to owners there rose to ¥86.6bn from ¥25.0bn a year earlier, on segment revenue that nearly doubled to ¥1.40tn from ¥793.1bn. Energy & Power Solutions profit rose to ¥71.9bn from ¥39.3bn on revenue of ¥1.06tn.
The second driver was a portfolio move, not a market one. Mitsubishi removed Chiyoda Corporation, the engineering contractor, from its consolidated subsidiaries during the quarter and began accounting for it as an equity-method associate instead. That switch produced a revaluation gain that ran through the securities-income line, which rose ¥5.9bn to ¥25.4bn even after Mitsubishi lapped a large prior-year gain from selling its TH Foods stake. The same change helped push total assets down to ¥23.45tn from ¥24.15tn at the end of March; Mitsubishi said the drop reflected both the Chiyoda deconsolidation and normal seasonal swings in trade receivables and payables.
A one-off legal settlement also helped. Other net income rose ¥10.5bn on a settlement payment received in a litigation matter at group company Mitsubishi Foods.
Operating cash flow told an even stronger story than the income statement: it rose to ¥431.8bn from ¥108.2bn a year earlier, which Mitsubishi attributed to lower working-capital drag and higher operating income. Basic earnings per share rose to ¥81.53 from ¥51.59, helped in part by a sharp cut in the share count after Mitsubishi canceled roughly ¥998.0bn worth of treasury stock during the quarter, taking shares outstanding down to 3.71bn from 4.03bn.
None of this changed the company's own outlook. Mitsubishi left its full-year profit target at ¥1.10tn, a projected 37.4% increase for the year to March 2027, and kept its dividend forecast at ¥125 per share, split ¥62 at the interim mark and ¥63 at year-end. That steadiness is the tell: management is treating the commodity tailwind and the Chiyoda gain as first-quarter items, not a reason to raise guidance three months into the year.