Nikkei 225 · sogo shosha
Mitsubishi
Mitsubishi Corporation is Japan's largest general trading house, spanning resources, energy, minerals, food, retail and infrastructure. For the year ended March 2026 it posted revenues of about ¥18.9 trillion and net income of ¥800.5 billion across eight business groups. Natural gas (LNG) and mineral resources are its largest profit pools, and its Canadian LNG Canada project shipped its first cargo in June 2025. Berkshire Hathaway holds a 10.23% stake as the top shareholder, Warren Buffett's flagship Japan investment.
8058.T Updated Jul 12, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Mitsubishi is directly linked to 3 companies (0 supply, 0 revenue, 3 investment relationships) and reaches 9 companies within two hops; the links are backed by 8 dated sources, 2 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · Revenues ~¥18.9T · Net income ¥800.5B (year ended Mar 2026, IFRS)
- 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
Natural gas (Environmental Energy) is the largest profit pool. Canada's LNG Canada project (14 mtpa) shipped its first cargo in June 2025; Mitsubishi offtakes ~15% (~2.1 mtpa) for Japanese and Asian customers. Segment net income ¥160.9B (year ended Mar 2026).Confirms EN Mitsubishi Corporation Published May 1, 2026: Financial Results for the Year Ended March 2026Mentions 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 buybackConfirms 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
Jointly invests in and builds the Kitimat (BC) liquefaction/export terminal led by Shell with Petronas, PetroChina and Korea Gas. Mitsubishi participates via subsidiary Diamond LNG Canada, whose property, plant and equipment and right-of-use assets are ¥428.7B and ¥236.4B. Core LNG production cost/capex.Confirms EN Mitsubishi Corporation Published May 1, 2026: Financial Results for the Year Ended March 2026Confirms 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
- 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 - Mitsubishi Motors (strategic shareholder) Medium confidence
An equity-method affiliate within the Mobility group — Mitsubishi Corporation is a major strategic shareholder of Mitsubishi Motors (behind Nissan's 34%), linked to overseas vehicle distribution and sales financing. One axis of Mitsubishi-keiretsu cooperation. The exact stake varies by disclosure (~10%-level holding, voting rights separate), so it is stated with qualification.Confirms EN Mitsubishi Motors IR Published Mar 31, 2025: Mitsubishi Motors shareholder composition — Nissan 34%, Mitsubishi Corporation strategic shareholder
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Mitsubishi | node | +52.5 | +15.9 | +84.1 | -0.3 | +70.2 | +8.7 |
| Voyager Technologies | benef1 | · | · | · | · | · | +19.2 |
| Berkshire Hathaway | benef1 | +29 | +3.3 | +15.5 | +27.1 | +10.9 | -1.8 |
| Mitsubishi Motors | benef1 | +37.1 | +53.5 | -3.9 | +0.9 | -15.3 | -3.2 |
| MDA Space | benef2 | · | -32.6 | +80 | +156.3 | -9.8 | +80.8 |
| Apple | benef2 | +34.6 | -26.4 | +49 | +30.7 | +9.1 | +16.2 |
| Alphabet (Google) | benef2 | +65.3 | -39.1 | +58.3 | +36 | +66 | +14.3 |
| Airbus | benef2 | +34.8 | +3.9 | +30.5 | +15 | +18.3 | +3.9 |
| Itochu | benef2 | +25.6 | +17.9 | +66.6 | +9.1 | +40.8 | -3.4 |
| Palantir Technologies | benef2 | -22.7 | -64.7 | +167.4 | +340.5 | +135 | -28.7 |
YTD as of 2026-07-10 · source: Yahoo Finance
Mitsubishi Corporation's thesis is the portfolio stability of Japan's largest trading house, layering consumer and infrastructure earnings on top of resource profits. Within net income of ¥800.5B (year ended March 2026), the largest pools are natural gas (¥160.9B) and mineral resources (¥204.5B); Canada's LNG Canada (14 mtpa, Mitsubishi 15% offtake) shipped first cargo in June 2025, internalizing the LNG value chain from upstream to sales. Copper and steelmaking coal, plus consumer segments like food and Lawson, offset resource-cycle swings across eight diversified groups. Berkshire Hathaway becoming the top shareholder at 10.23%, having disclosed an agreement to exceed the ceiling and hold long term, underpins the undervaluation and shareholder-return improvement thesis. Re-rating triggers are the LNG/copper price cycle, LNG Canada ramp stabilization, and expanded shareholder returns via buybacks and dividends.
Analysis generated from returns as of 2026-07-10