Mitsubishi plans to invest $27 billion over next 3 years to drive growth

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TOKYO :Japanese trading house Mitsubishi Corp said on Thursday it planned to invest at least 4 trillion yen ($27 billion) over the next three years to drive growth and aimed to lift its net profit to 1.2 trillion yen in the 2027/28 financial year.

The company's largest shareholder is legendary U.S.investor Warren Buffett's Berkshire Hathaway, which has a 9.67 per cent stake, according to LSEG data.

FILE PHOTO: The logo of Mitsubishi Corp is pictured at its head office in Tokyo, Japan August 2, 2017.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanUnited States

Topics: Growth Tokyo Share Profit Month Year Mitsubishi Trillion Corp Three-year Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 12:24:21 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27554229

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