Mitsubishi Corporation engages in the global environment and energy, material solutions, metal resources, social infrastructure, mobility, food industry, SLC, and power solutions businesses in Japan and internationally. The Global Environment and Energy segment engages in the development and production of natural gas and liquefied natural gas (LNG), LPG, and petroleum products; and development of energy businesses. The Material Solutions segment is involved in sales transactions; and business investment and business development in material-related fields, including petrochemicals, basic chemicals, functional materials, carbon/ceramics, and steel products. The Metal Resources segment engages in the investment and development of metal resources, such as copper, coking coal, iron ore, aluminum, lithium, and nickel; and supplies raw materials for steel and non-ferrous metals. The Social Infrastructure segment develops power generation, ships, aerospace, industrial machinery, energy infrastructure, and vinegar. The Mobility segment is involved in the automotive value chain business, including sales, sales financing, after-sales services for automobiles, and mobility service businesses; and mobility-related businesses. The Food industry segment sells food, fresh produce, consumer goods, and food ingredients. The S.L.C. segment is involved in C2B business. The Power Solutions segment engages in power generation, trading, and retail electricity, as well as power transmission and hydrogen energy development. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
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Berkshire Hathaway's Greg Abel Spent $23.5 Billion on Nine Stocks
Berkshire Hathaway CEO Greg Abel deployed roughly $23.5 billion into nine publicly traded companies last quarter, marking the conglomerate's first quarter as a net buyer of stocks since 2022. The largest investment was Alphabet, with a $10 billion private placement in June plus an additional $5 billion to $7 billion in open-market purchases, making it Berkshire's third-largest marketable equity holding. Other U.S. additions included Macy's, Delta Airlines, Lennar, New York Times, and a new position in D.R. Horton, while earlier disclosures revealed increased stakes in Japanese trading houses Mitsubishi, Marubeni, and Sumitomo. The article highlights Alphabet as the best of the bunch, citing its $514 billion contracted revenue backlog, expanding cloud operating margin to 35.6%, and a forward earnings multiple of 16.5 times.
Par Pacific Hawaii Renewables Ramps Up Renewable Diesel Production
Par Pacific Holdings' Hawaii Renewables facility produced on-specification renewable diesel in April 2026 and completed its first commercial sales, marking a key operational milestone for the company's long-term growth. The facility is designed to produce 61 million gallons of renewable diesel, sustainable aviation fuel, and renewable naphtha annually, with flexibility to produce up to 60% SAF or 90% renewable diesel. Production ramped during the second quarter, with June throughput reaching approximately 3,000 barrels per day before a plant-wide turnaround. The joint venture with Mitsubishi Corporation and ENEOS Corporation contributed $100 million for a 36.5% interest, providing feedstock-sourcing and customer-access capabilities across Asia-Pacific and California. Par Pacific has not yet provided mid-cycle earnings guidance for Renewables as commissioning and ramp-up continue.
Japanese Executives Say Excessively Weak Yen Is Not Good News After It Hits 164 Yen per Dollar, Driving Up Import Costs
Japan's business sector is calling for greater stability in the foreign exchange market after the yen weakened to nearly 164 yen per dollar, its lowest level in 40 years, and one of the factors that led Japan and the United States to jointly intervene in the currency market last week to support the yen. The intervention resulted in the yen strengthening back by about 5 percent. Senior executives from several Japanese companies, such as Kenichiro Fujimoto, CFO of Mitsubishi Electric, pointed out that a weak yen does not mean everything is always good. While it helps boost overseas revenue and the export sector, rising costs for energy, raw materials, and food are starting to pressure the economy. Meanwhile, Norihiko Ishiguro, Chairman of JETRO, said that Japanese companies must import almost all raw materials. When the yen weakens to a certain level, the increased costs may outweigh the benefits. Makoto Tanaka, CFO of Mitsui & Co, and Yoshihiro Shimazu, CFO of Mitsubishi Corp, both emphasized the need for market stability and reduced volatility, as severe fluctuations make business planning more difficult. A JETRO survey also found that the most desired exchange rate level for Japanese companies is 120 to 124 yen per dollar, with only 11 percent wanting to see the yen weaker than 150 yen per dollar, reflecting that an excessively weak yen is not a situation most of the business sector wants.
Mitsubishi Corporation's April–June net profit rises 47% on higher coking coal and copper prices
Mitsubishi Corporation reported a 47% year-on-year increase in consolidated net profit to 298.5 billion yen for the April–June quarter of fiscal 2026. Higher market prices for its Australian coking coal and copper operations, along with the ramp-up of its Canadian liquefied natural gas business, contributed to earnings. The company maintained its full-year forecast of 1.1 trillion yen, which exceeds the average estimate of 1.074 trillion yen from 14 analysts polled by IBES.
Offshore wind faces continued headwinds as BP withdraws; government expands support to retain developers
It has emerged that British oil major BP is considering withdrawing from the consortium selected as the developer for the offshore wind project off the coast of Yuza Town in Yamagata Prefecture. The move comes against a backdrop of soaring construction costs driven by global inflation. The project is expected to continue with the remaining partners, including Marubeni, Kansai Electric Power, and Tokyo Gas, but developers in other sea areas are voicing concerns about a potential domino effect of withdrawals from consortia. In its Strategic Energy Plan released in February last year, the government set a target of raising the share of wind power in the electricity mix to around 4 to 8 percent by fiscal 2040. However, headwinds persist, as a consortium led by Mitsubishi Corporation withdrew from three sea areas off Chiba and Akita prefectures, citing rising costs. The Ministry of Economy, Trade and Industry is stepping up financial support, including expanding participation in the long-term decarbonization power source auction and raising the ceiling on revenue guarantees, in an effort to retain developers.
Berkshire Hathaway Raises Stakes in Three Japanese Trading Houses
Berkshire Hathaway increased its holdings in Mitsubishi, Sumitomo, and Marubeni during the second quarter, according to Japanese regulatory filings. The conglomerate's stake in Mitsubishi rose to 11.1% as of April 30, while its Sumitomo position reached 10.3% as of May 12, up from 9.3%, and its Marubeni stake also climbed above 10%. These three are part of a group of five Japanese trading houses that Berkshire began buying in 2019, with the total cost of all five positions at $15.4 billion and their market value at $35.4 billion at the end of 2025. The investments are funded with yen-denominated borrowings carrying an average interest cost of just 1.2%, and the five companies paid Berkshire a combined $862 million in dividends last year.
Greg Abel Bought Alphabet and Three Japanese Trading Houses in the Second Quarter
Berkshire Hathaway's new investment chief Greg Abel purchased shares of Alphabet, Mitsubishi, Marubeni, and Sumitomo during the second quarter, according to regulatory filings. Abel's largest buy was Alphabet, where Berkshire agreed to a $10 billion private placement split evenly between Class A and Class C shares as part of the company's $84.75 billion equity offering to fund AI data centers. Alphabet holds a 91% share of global internet search and saw Google Cloud sales jump 63% in the first quarter. Abel also added to Berkshire's stakes in three of Japan's five trading houses, with purchases of Mitsubishi, Marubeni, and Sumitomo reported between April 30 and May 12, drawn by their low valuations and shareholder-friendly capital-return programs.
Aethon Energy Completes Sale of Haynesville Assets to Mitsubishi
Aethon Energy Management has completed the sale of its Fund II and Fund III assets to Mitsubishi Corporation, marking Mitsubishi's largest-ever acquisition. The transaction transfers 100% of the equity interests in Aethon United LP and Aethon III LLC, along with related operational and midstream entities, to the Japanese trading house. Operation of the assets, which represent the largest privately held natural gas platform in the Haynesville Shale and North America, has transitioned to Adamas Energy, a newly formed standalone subsidiary of Mitsubishi led by Gordon Huddleston. Aethon will continue as a private investment firm and intends to acquire a 25% non-operated working interest in the sold assets, subject to financing and regulatory approvals. The deal builds on Aethon's 35-year track record and a Global Strategic Alliance with Mitsubishi established in January 2026.
Mitsubishi Corporation Sells Entire Stake in Ryohin Keikaku, Forms Strategic Business Alliance
Ryohin Keikaku announced it will dissolve its shareholding relationship with Mitsubishi Corporation, with Mitsubishi selling its entire stake. Mitsubishi had been a shareholder since 2001 and was the largest shareholder excluding trust accounts as of the end of August 2025, holding a 3.88 percent stake. Meanwhile, the two companies have signed a strategic business alliance agreement, under which they will explore joint development and sales with Lawson, as well as product development support aimed at increasing the overseas sales composition ratio in the food sector and the creation of new business areas.
Dwell Officially Obtains Supply Qualification for Mitsubishi Overseas International Project
Dwell has recently officially obtained the supply qualification for a Mitsubishi overseas international project. The company's gas turbine business counts Baker Hughes and Mitsubishi, two major international original equipment manufacturers, as its core customers. Downstream industry demand is currently strong, with incremental orders steadily materializing and business revenue growing steadily. The gas turbine segment will leverage the convertible bond fundraising project to advance capacity expansion, focusing on high-value-added core components such as gas turbine main shafts and high-end precision forgings. In addition, the GH2070P superalloy header tee produced by the company using 350-meganewton multi-directional die forging, as a key core component for the world's first 650-degree Celsius ultra-supercritical unit at the Huaneng Yuhuan Power Plant Phase IV expansion project, has achieved mass production, and the company has been smoothly incorporated into the core supplier system of State Grid.
US chipmaker AMD invests in Japanese autonomous driving startup to accelerate software development for commercialization
Turing, a Japanese startup developing fully autonomous driving AI, has raised approximately 12.6 billion yen from investors including the venture arm of US-based AMD. The breakdown is roughly 6.8 billion yen through a third-party allotment of new shares to AMD Ventures and Mitsubishi Corporation, and 5.8 billion yen in loans from MUFG Bank. The company has traditionally used NVIDIA GPUs, but has started adopting AMD GPUs to diversify procurement and reduce costs, with AMD now accounting for 10% of its total GPU usage. Turing aims to begin offering software for passenger cars and unmanned robotaxis as early as 2028. It successfully conducted test drives in Odaiba last year and is currently running demonstration experiments in high-traffic areas.
Giga Metals launches summer geophysics program at Turnagain Project's Attic Zone
Giga Metals Corporation has commenced a property-scale geophysical survey program at its Turnagain Project, a joint venture with Mitsubishi Corporation, to advance the underexplored Attic Zone. The program includes a magnetotelluric survey totaling 17 kilometers across three lines and a 504 line-kilometer HeliSAM electromagnetic survey, covering approximately 6.5 by 4.5 kilometers of the intrusive complex. The work is fully funded and expected to be completed over the next several weeks, with results guiding further exploration into the fall of 2026. The Attic Zone is prospective for copper, platinum, and palladium mineralization adjacent to the project's known nickel-cobalt resource.