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Investing.com -- Mitsubishi Corp has outlined its new mid-term strategy, which was announced today. The plan is centered around enhancing profits by investing more than ¥3.0 trillion in its existing businesses to boost the profit and loss statement.
In addition to this, the company is also adjusting its balance sheet, setting a maximum limit on net debt-to-equity at 0.6 times. This move is part of Mitsubishi’s aim to achieve a return on equity target of over 12%.
The company also announced that it would be returning more to its shareholders than previously expected. The dividend per share has been increased to ¥110, and the company will be conducting a ¥1.0 trillion buyback.
Mitsubishi Corp’s new strategy and its focus on existing business growth were revealed during an analyst briefing held after the market closed.
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