Marubeni raises full-year profit estimate on strong metals, energy earnings
TOKYO, Nov 4 (Reuters) - Japanese trading house Marubeni Corp 8002.T on Wednesday raised its net profit forecast for the 2026 fiscal year by 9%, citing stronger earnings from its copper, coking coal and aluminium assets as well as robust performance in its energy and chemical segment.
The company now forecasts record net profit of 630 billion yen ($3.99 billion) for the year ending March 2027, up from its May estimate of 580 billion yen
It also raised its annual dividend forecast to 125 yen per share, against its May forecast of 115 yen
"Profitability has expanded strongly, driven by both the resources and non-resources businesses," Chief Executive Officer Masayuki Omoto told a press conference
The company is on track to achieve its fiscal 2027 net profit target of at least 620 billion yen, set out in its medium-term management plan announced in February 2025, one year ahead of schedule, Omoto said
In light of the strong results, the company plans to increase new investments by 100 billion yen and shareholder returns by 20 billion yen this fiscal year, he said
($1 = 157.8800 yen)