Earnings quality
Compare earnings and operating cash flow for earnings quality.
Mitsubishi Corporation
Ticker 8058 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-12 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 39.1%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio39.1%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
三菱商事株式会社 is a Japanese listed company. Its reportable segments include Environmental Energy, Food Industry, Materials Solution, Mineral Resources.
- Environmental Energy
- Food Industry
- Materials Solution
- Mineral Resources
- Mobility
- Power Solution
- Smart Life Creation
- Urban Development And Infrastructure
Segments Environmental Energy · Food Industry · Materials Solution · Mineral Resources · Mobility · Power Solution
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥1.8T | ¥1.7T |
| Operating profit (loss) | — | — |
| Finance income | ¥342.6B | ¥326.7B |
| Finance costs | ¥170.6B | ¥178.5B |
| Income tax expense | ¥317.2B | ¥179.4B |
| Profit (loss) | ¥1.1T | ¥916.7B |
| Profit (loss) attributable to owners | ¥950.7B | ¥800.5B |
| Basic EPS (¥) | 236.97 | 210.92 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥1.5T | ¥1.8T |
| Current assets | ¥8.8T | ¥10.2T |
| Non-current assets | ¥12.7T | ¥14.0T |
| Total assets | ¥21.5T | ¥24.2T |
| Short-term borrowings | — | — |
| Current liabilities | ¥5.9T | ¥7.2T |
| Non-current liabilities* | ¥5.5T | ¥6.7T |
| Total liabilities | ¥11.3T | ¥13.9T |
| Equity attributable to owners | ¥9.4T | ¥9.4T |
| Total equity | ¥10.2T | ¥10.3T |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥1.7T | ¥1.5T |
| Cash flows from investing activities | -¥273.9B | -¥448.6B |
| Cash flows from financing activities | -¥1.5T | -¥804.7B |
| Net increase (decrease) in cash | ¥285.1B | ¥304.8B |
| Cash at end of period | ¥1.5T | ¥1.8T |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥17.3T | ¥21.6T | ¥19.6T | ¥18.6T | ¥18.9T | |
| Profit to owners | ¥937.5B | ¥1.2T | ¥964.0B | ¥950.7B | ¥800.5B | |
| Total assets | ¥21.9T | ¥22.1T | ¥23.5T | ¥21.5T | ¥24.2T | |
| Cash & equivalents | ¥1.6T | ¥1.6T | ¥1.3T | ¥1.5T | ¥1.8T | |
| Owners’ equity | ¥6.9T | ¥8.1T | ¥9.0T | ¥9.4T | ¥9.4T |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥1.8T to ¥1.7T, while operating profit swung from — to — — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still ¥1.5T (prior ¥1.7T), and cash on the balance sheet rose to ¥1.8T from ¥1.5T. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥13.9T while owners’ equity fell to ¥9.4T. ROE moved from 10.3% to 8.5%, and the equity ratio from 43.6% to 39.1%. Employee count is 63,037 vs 62,062 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Owners’ equity ratio fell from 43.6% to 39.1%; the balance sheet absorbed a heavy loss year.
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Source: EDINET S100YB25
(三菱商事株式会社), period end 2026-03-31.