Resources, energy & minerals · Food, retail & infrastructure

Mitsubishi

Mitsubishi Corporation spans resources, energy, food, retail and infrastructure. Revenue was about JPY18.9 trillion and net profit JPY800.5 billion in the year ended March 2026. LNG Canada Phase 2 is expected to lift attributable offtake to 4.2 mtpa in the early 2030s. In October 2026 it approved development of the U.S. Copper World mine; expected cumulative investment for its 30% stake totals $1.023 billion, with first production targeted for H2 2029.

Business categories Investment Holdings & Trading Houses · Finance & Capital · primary

Other companies in the same category

8058.T Updated Oct 27, 2026 7 AI consumers· 4 recurring

Per the valuechain.wiki graph, Mitsubishi is directly linked to 3 companies (0 supply, 0 revenue, 3 investment relationships) and reaches 14 companies within two hops; the links are backed by 15 dated sources, 4 of them primary filings (as of 2026-10-27).

Annual return · 2026-10-27'21+49.7%'22+21.5%'23+63.7%'24+18.6%'25+42.4%YTD+40.8%
Money in ▸글로벌 철강·전력 (구리·제철용 석탄)●net income 204.5 JPY_bn일본·아시아 LNG 수입 고객●net income 160.9 JPY_bn일본·아시아 식품·소매 고객◐net income 174.3 JPY_bn
MitsubishiRevenues ~¥18.9T · Net income ¥800.5B
▸ Money outLNG Canada 컨소시엄 (Shell·Petronas·PetroChina·KOGAS)●Ovintiv (셰일가스 상류 조달 파트너)◐

Financials & Segments

  • Total revenue · Revenues ~¥18.9T · Net income ¥800.5B (year ended Mar 2026, IFRS)
  • Customer concentration · FY2025 net income was led by Mineral Resources (JPY204.5bn) and Environmental Energy (JPY160.9bn). LNG Canada Phase 2 targets 4.2 mtpa of attributable offtake in the early 2030s. Copper World is owned 70% by Hudbay and 30% by Mitsubishi; the approximately 100,000-tonne annual copper target is project-wide.
  • Segments · Environmental Energy (natural gas / LNG) — net income ¥160.9B · Mineral Resources (copper, steelmaking coal) — ¥204.5B · Food Industry — ¥83.3B · Smart-Life Creation (consumer / retail, Lawson) — ¥91.0B · Power Solution — ¥43.4B · Urban Development & Infrastructure — ¥85.1B · Mobility (automotive) — ¥57.6B · Materials Solution — ¥26.3B

Revenue from

  • 글로벌 철강·전력 (구리·제철용 석탄) High confidence· net income 204.5 JPY_bn · FY ended Mar2026
    Mineral Resources earns from Australian steelmaking coal and copper (Peru, U.S., Chile), including equity-method dividends such as Antamina. Segment net income ¥204.5B (year ended Mar 2026).
    Confirms EN Mitsubishi Corporation Published May 1, 2026: Financial Results for the Year Ended March 2026
  • 일본·아시아 LNG 수입 고객 High confidence· net income 160.9 JPY_bn · FY ended Mar2026
    Environmental Energy earned JPY160.9 billion in FY2025. The LNG Canada Phase 2 FID raises total capacity to 28 mtpa and is expected to add 2.1 mtpa to Mitsubishi Corporation's 15%-share offtake from the early 2030s, taking it to 4.2 mtpa.
    Confirms EN Mitsubishi Corporation Published Sep 29, 2026: Mitsubishi Corporation Reaches Final Investment Decision on LNG Canada Expansion Project
    Confirms KO Sisa Economy Published Sep 29, 2026: Korea Gas commits KRW 1.47 trillion to LNG Canada Phase 2
    Confirms EN Mitsubishi Corporation Published May 1, 2026: Financial Results for the Year Ended March 2026
    Mentions EN Analyst consensus (via MarketScreener) Published May 1, 2026: Mitsubishi Corporation analyst consensus (Buy, 14 analysts, PT ~JPY 5,324, ~+20% upside): flagship Buffett sogo shosha, record buyback
    Confirms EN Mitsubishi Corporation Published Jul 1, 2025: First Shipment of LNG from the LNG Canada Project
  • 일본·아시아 식품·소매 고객 Medium confidence· net income 174.3 JPY_bn · FY ended Mar2026
    Food Industry (salmon farming, overseas food materials) and Smart-Life Creation (Lawson, Philippine digital finance, Singapore healthcare) form the consumer axis. Segment net income ¥83.3B and ¥91.0B (year ended Mar 2026).
    Confirms EN Mitsubishi Corporation Published May 1, 2026: Financial Results for the Year Ended March 2026

Pays to

  • LNG Canada 컨소시엄 (Shell·Petronas·PetroChina·KOGAS) High confidence
    Mitsubishi participates in the Shell-led consortium through Diamond LNG Canada. The September 2026 Phase 2 FID doubles liquefaction capacity from 14 to 28 mtpa, using the existing pipeline and parts of the plant infrastructure as a long-duration capital-spending axis.
    Confirms EN Mitsubishi Corporation Published Sep 29, 2026: Mitsubishi Corporation Reaches Final Investment Decision on LNG Canada Expansion Project
    Confirms KO Sisa Economy Published Sep 29, 2026: Korea Gas commits KRW 1.47 trillion to LNG Canada Phase 2
    Confirms EN Mitsubishi Corporation Published May 1, 2026: Financial Results for the Year Ended March 2026
    Confirms EN Mitsubishi Corporation Published Jul 1, 2025: First Shipment of LNG from the LNG Canada Project
  • Ovintiv (셰일가스 상류 조달 파트너) Medium confidence
    Develops North American shale gas upstream jointly with partner Ovintiv. Subsidiary CDGR revised its agreement with Ovintiv in Oct 2025, transferring assets/liabilities to a new company treated as a joint operation (40% stake); CDGR property, plant and equipment book value ¥284.0B. Core gas procurement/production cost.
    Confirms EN Mitsubishi Corporation Published May 1, 2026: Financial Results for the Year Ended March 2026

Investors

  • 버크셔 해서웨이 (지분 10.23%) High confidence· Market share 10.23%
    Berkshire Hathaway's National Indemnity unit raised its Mitsubishi stake from 9.74% (Mar 2025) to 10.23% (Aug 2025), becoming the top shareholder. Buffett's 2024 letter disclosed an agreement to exceed the 9.9% ceiling and hold long term; the long-term policy continues under successor Greg Abel.
    Confirms EN Bloomberg Published Aug 28, 2025: Mitsubishi Corp says Berkshire Hathaway's stake rises to 10.23%
    Confirms KO Edaily Published Aug 28, 2025: Buffett raises stakes in Japan's five trading houses; Mitsubishi to 10.2%
    Confirms EN CNBC Published Mar 17, 2025: Buffett hikes stakes in five Japanese trading houses to almost 10% each

Investments

  • Copper World LLC (Hudbay 합작) High confidence· Amount $1B · commitment as of 2026-10-21 · Expected cumulative investment for a 30% stake in Copper World LLC: $420m paid, $180m earlier commitment and up to $423m additional
    Mitsubishi subsidiary MC Americas Resources holds 30% of Copper World LLC with Hudbay at 70%. Following the October 2026 FID, expected cumulative investment is $1.023B, comprising $420M already paid, a $180M earlier development commitment and up to $423M additional funding. The mine-wide annual copper target of about 100,000 tonnes begins after first production targeted for H2 2029; it is not Mitsubishi-only output.
    Confirms EN Mitsubishi Corporation Published Oct 21, 2026: Mitsubishi Corporation Approves Development of Copper World
    Confirms KO Global Economic Published Oct 21, 2026: Mitsubishi adds JPY65.6 billion to Arizona copper mine
    Confirms JA Mitsubishi Corporation Published Oct 21, 2026: Mitsubishi Corporation Decision to Develop Copper World Mine
    Confirms EN U.S. SEC EDGAR Published Oct 21, 2026: Hudbay Copper World FID, exhibit to SEC Form 6-K
  • Mitsubishi Motors (strategic shareholder) High confidence· voting stake 22.23% · 2026-03-31 · Voting stake excluding treasury shares
    Mitsubishi Corporation was the second-largest shareholder with 22.23% of voting shares excluding treasury stock at March 31, 2026, linking overseas distribution, finance ventures and parts trade.
    Confirms EN Mitsubishi Motors Published Jun 16, 2026: Mitsubishi Motors Financial Information as of March 31, 2026
    Confirms EN Mitsubishi Motors IR Published Mar 31, 2026: Mitsubishi Motors shareholder composition as of March 31, 2026
  • Voyager Technologies (Starlab space-station JV) Medium confidence
    Part of the trading house's space and new-domain investment portfolio — Mitsubishi Corporation joined MDA Space and Palantir in taking a minority stake in Voyager's Starlab commercial space-station JV. A strategic investment aimed at post-ISS low-earth-orbit commercialization; individual contributions undisclosed (per Voyager's 10-K).
    Confirms EN U.S. SEC EDGAR Published Mar 10, 2026: Voyager Technologies, Inc. Annual Report (Form 10-K) FY2025

Value-chain ripple (2 tiers)

Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.

CompanyChain'21'22'23'24'25YTD
Mitsubishinode+49.7+21.5+63.7+18.6+42.4+40.8
Voyager Technologiesbenef1·····+4.3
Berkshire Hathawaybenef1+29+3.3+15.5+27.1+10.9+0.7
Mitsubishi Motorsbenef1+47.9+58.9-10.4+22.1-28.3-4.3
MDA Spacebenef2·-32.6+80+156.3-9.8+50.8
UnitedHealth Group Incorporatedbenef2+45.2+6.9+0.8-2.4-33.1+21.9
VeriSign, Inc.benef2+17.3-19.1+0.3+0.5+18.4+21.3
Applebenef2+34.6-26.4+49+30.7+9.1+18
Itochubenef2+25.6+17.9+66.6+9.1+40.8+11.6
Alphabet (Google)benef2+65.3-39.1+58.3+36+66+8.3
The Kraft Heinz Companybenef2+8+18.2-5-13-16.3+6.1
Airbusbenef2+34.8+3.9+30.5+15+18.3+4.8
Palantir Technologiesbenef2-22.7-64.7+167.4+340.5+135-1.9
American Expressbenef2+36.9-8.5+28.7+60.3+26-14.3
Nissan Motorbenef2-0.7-24.1+36.3-11.2-18.7-32.8

YTD as of 2026-10-27 · source: Yahoo Finance

Mitsubishi Corporation rose 49.7% in 2021, 63.7% in 2023, 42.4% in 2025 and 40.8% through October 27, 2026. Strategic holding Mitsubishi Motors was down 4.3% and alliance member Nissan down 24.7% through October 19, so auto demand does not explain the trading house rally. Mineral and LNG earnings and capital allocation moved first. The expected $1.023 billion cumulative Copper World commitment combines cash already paid with future funding; approximately 100,000 tonnes of annual copper is a project-wide target after first production planned for H2 2029. Equity has moved ahead of physical output and cash flow. Construction overruns, ramp delays or weaker copper prices would break the thesis.

Analysis generated from returns as of 2026-10-27

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