Mitsui & Co (8031) AI Stock Analysis

• Market Cap: ¥14.37T
• Dividend Yield: 2.28%
• Average Volume (3M): 5.52M
• Price to Earnings (P/E): 15.9
• Beta (1Y): 1.30
• Revenue Growth: -1.33%
• EPS Growth: -7.40%
• Country: JP
• Employees: 53,602
• Sector: Industrials
• Sector Strength: 72
• Industry: Conglomerates
• EPS (TTM): 65.67
• Shares Outstanding: 2,905,741,500
• 10 Day Avg. Volume: 5,141,610
• 30 Day Avg. Volume: 5,522,330
• PEG Ratio: -0.70
• Price to Book (P/B): 1.09
• Price to Sales (P/S): 0.56
• P/FCF Ratio: 12.24
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ¥5,639.00 ▲(17.50% Upside)

Mitsui & Co's overall stock score reflects strong technical indicators and reasonable valuation, despite mixed financial performance. The stock's bullish momentum and attractive dividend yield are significant strengths, but concerns about declining revenue and cash flow need attention for sustained growth.

Positive Factors

Diversified business model

Mitsui's broad trading, investment and project-development footprint across energy, metals, chemicals, infrastructure, food and retail creates multiple, uncorrelated revenue streams. That diversification reduces single-sector cyclicality and supports steadier earnings and strategic optionality over the medium term.

Solid capital structure and moderate leverage

A debt/equity around 0.6 and an equity ratio near 46% indicate conservative leverage for a trading-and-investment conglomerate. Combined with ROE ~11.9%, this balance sheet allows Mitsui to fund projects, pursue opportunistic investments and absorb commodity cycles without forcing equity raises, supporting durable financial flexibility.

Operational margin resilience

Stable EBIT/EBITDA and a healthy gross margin signal effective cost control and operational discipline across trading and operating businesses. This margin resilience helps preserve cash generation and profitability through revenue cycles, supporting long-term ability to invest in projects and sustain returns.

Negative Factors

Large revenue decline

A c.23% TTM revenue drop materially reduces scale and may indicate weaker commodity volumes, adverse portfolio mix, or divestments. Lower top-line run-rate erodes operating leverage, constrains reinvestment and heightens reliance on non-recurring gains to meet earnings targets over the next several quarters.

Weak cash generation

A >25% FCF decline and an OCF-to-net-income ratio of 0.24 show earnings are not converting to cash efficiently. Persistently weak cash conversion limits capacity to fund capital projects, pay dividends sustainably, repay debt or pursue accretive investments without raising external capital.

Net margin compression

A reduced net margin to ~6.5% compresses retained earnings and reduces the cushion against cyclical downturns. If driven by mix shifts or higher costs, sustained margin pressure will limit free cash flow and returns on invested capital, challenging long-term growth funding without strategic margin recovery actions.

Mitsui & Co Business Overview & Revenue Model

Company Description

Mitsui & Co., Ltd. operates as a general trading company worldwide. The company engages in the manufacture, export, and import of iron and steel products; automotive components; operation of steel processing service centers; trading of automotive, electrical, special, and stainless steel; manufacture, repair, and fabrication of wind turbine towers and flanges; gas distribution businesses; and coal mining, power generation, ferrous alloy, infrastructure maintenance, and water pumping activities. It also explores, develops, and produces oil, natural gas, and LNG; trades in petroleum products, crude oil, coal, uranium, and LNG; offers FPSO/FSO, fright car, truck, and locomotive leasing services; sells electric power facilities; and develops railway and transportation infrastructures. The company engages in logistics businesses; wholesale, retail, rental, and finance of construction and mining equipment; multimodal transportation, warehousing, and rolling stock leasing; sale, purchase, and leasing of aircraft and aero engines; leasing and financing activities; and development, process, and marketing of underground resources, and recycling of surface resources. It also provides electric-arc-furnace, construction materials processing, construction flat-rolled steel, shapes, bars, wire rods, and steel structure materials; methanol, ammonia, chlor-alkali, industrial, gas, and basic chemicals; salt; performance, advanced, specialty, and living, and environmental materials; agrochemicals and fertilizers, and animal and human nutrition products; refined sugar, oils and fats, proteins, grains, and food and beverage products; contract food services; and healthcare products. The company offers mobile communications; commodity derivative trading; venture investment and asset management services; real estate development, management, leasing, and brokerage services; and ship charter operation services. Mitsui & Co., Ltd. was incorporated in 1947 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Mitsui & Co. generates revenue through multiple key streams, primarily by acting as an intermediary in the trade of goods and services. This includes importing and exporting products across sectors such as chemicals, metals, and food. The company also engages in investment activities, including equity investments in various industries and joint ventures, which provide additional income through dividends and profit sharing. Mitsui's partnerships with local and international companies enhance its market reach and operational capabilities, allowing it to capitalize on emerging market opportunities. Furthermore, the company participates in project financing and development, particularly in infrastructure, energy, and resource extraction, contributing to its overall earnings through long-term contracts and service fees.

Mitsui & Co Financial Statement Overview

Summary

Mitsui & Co's financial performance is mixed. While operational efficiency is evident with stable EBIT and EBITDA margins, declining revenue and net profit margins are concerning. The balance sheet is strong with moderate leverage, but cash flow challenges due to declining free cash flow need addressing for long-term sustainability.

Income Statement

Mitsui & Co's income statement shows a mixed performance. The company has a healthy gross profit margin of 9.19% TTM, but the net profit margin has decreased to 6.47% TTM, indicating pressure on profitability. Revenue has declined by 23.2% TTM, which is a significant concern. However, the EBIT and EBITDA margins remain stable, suggesting operational efficiency. The company needs to address revenue growth to improve its financial health.

Balance Sheet

The balance sheet of Mitsui & Co reflects a stable financial position with a debt-to-equity ratio of 0.60 TTM, indicating moderate leverage. The return on equity is 11.88% TTM, showing effective use of equity to generate profits. The equity ratio stands at 46.12% TTM, suggesting a solid capital structure. Overall, the balance sheet is strong, but maintaining low leverage will be crucial for future stability.

Cash Flow

Cash flow analysis reveals challenges for Mitsui & Co. The free cash flow has decreased by 25.47% TTM, which is concerning. The operating cash flow to net income ratio is 0.24 TTM, indicating that cash generation from operations is lower than net income. The free cash flow to net income ratio is 0.58 TTM, suggesting limited cash available for reinvestment. Improving cash flow generation is essential for long-term sustainability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.09T	14.66T	13.32T	14.31T	11.76T	8.01T
Gross Profit	1.29T	1.29T	1.32T	1.40T	1.14T	811.47B
EBITDA	946.99B	1.65T	1.28T	1.23T	1.08T	553.18B
Net Income	912.29B	900.34B	1.06T	1.13T	914.72B	335.46B
Balance Sheet
Total Assets	17.39T	16.81T	16.90T	15.38T	14.92T	12.52T
Cash, Cash Equivalents and Short-Term Investments	2.06T	979.75B	902.72B	1.40T	1.17T	1.10T
Total Debt	4.84T	4.84T	4.78T	5.04T	4.88T	4.75T
Total Liabilities	9.14T	9.05T	9.13T	8.82T	9.13T	7.69T
Stockholders Equity	8.03T	7.55T	7.54T	6.37T	5.61T	4.57T
Cash Flow
Free Cash Flow	494.12B	671.37B	569.65B	819.47B	621.37B	557.01B
Operating Cash Flow	850.47B	1.02T	864.42B	1.05T	806.90B	772.70B
Investing Cash Flow	-376.26B	-161.99B	-427.55B	-178.34B	-181.19B	-322.47B
Financing Cash Flow	-387.90B	-749.60B	-1.01T	-634.68B	-614.33B	-486.96B

Mitsui & Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4799.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8031, the sentiment is Neutral. The current price of 4799 is below the 20-day moving average (MA) of 4999.45, above the 50-day MA of 4640.48, and above the 200-day MA of 3597.10, indicating a neutral trend. The MACD of 111.13 indicates Positive momentum. The RSI at 54.14 is Neutral, neither overbought nor oversold. The STOCH value of 31.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8031.

Mitsui & Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
8015	77 Outperform	¥5.94T	16.09	13.49%	2.10%	5.32%	9.73%
8053	77 Outperform	¥7.56T	12.40	12.86%	2.48%	3.19%	72.26%
8031	74 Outperform	¥14.37T	15.95	11.47%	2.28%	-1.33%	-7.40%
8002	71 Outperform	¥8.57T	14.83	15.34%	2.29%	9.62%	25.71%
8001	68 Neutral	¥15.33T	14.82	15.80%	2.11%	0.93%	15.80%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
8058	60 Neutral	¥15.53T	23.34	7.39%	2.94%	-7.54%	-35.70%

Mitsui & Co Corporate Events

Mitsui Advances Large-Scale Share Buyback, Exceeding ¥120 Billion in Purchases

Mitsui & Co. has reported progress on its ongoing share repurchase program authorized by its board in November 2025. In January 2026, the company bought back 8,998,100 shares of its common stock for approximately ¥44.9 billion, bringing total repurchases since November 6, 2025 to 27,365,400 shares at a cumulative cost of about ¥122.3 billion. The buyback, executed via auction transactions on the Tokyo Stock Exchange, is part of a broader authorization allowing Mitsui to repurchase up to 80 million shares or ¥200 billion by March 19, 2026, signaling continued efforts to enhance shareholder returns and optimize its capital structure.

The most recent analyst rating on (JP:8031) stock is a Buy with a Yen5639.00 price target. To see the full list of analyst forecasts on Mitsui & Co stock, see the JP:8031 Stock Forecast page.

Mitsui Corrects Error in Japanese Nine-Month IFRS Results, English Version Unaffected

Mitsui & Co., Ltd. has issued a correction to an error found in the Japanese version of its consolidated financial results for the nine-month period ended December 31, 2024, prepared under IFRS and originally released on February 4, 2025. The company clarified that the correction is limited to the Japanese disclosure and does not affect the English version, suggesting that international investors relying on the English materials are unaffected, while the move underscores Mitsui’s effort to maintain accuracy and transparency in its domestic financial reporting.

The most recent analyst rating on (JP:8031) stock is a Buy with a Yen5660.00 price target. To see the full list of analyst forecasts on Mitsui & Co stock, see the JP:8031 Stock Forecast page.

Mitsui to Sell Oman Onshore Oil and Gas Interests to Kistos for $148 Million

Mitsui & Co. has agreed to sell all of its onshore oil and gas interests in Oman’s Block 3&4 and Block 9, held via wholly owned subsidiary Mitsui E&P Middle East B.V., to London-based Kistos Energy Middle East Limited for USD 148 million as part of a broader portfolio reconfiguration. The divestment, scheduled for completion by the fiscal year ending March 2026 subject to regulatory approvals, will generate a profit already factored into Mitsui’s earnings forecast and reflects the group’s strategy of reshaping its upstream energy portfolio while maintaining energy as a core business domain and reinforcing its financial base.

The most recent analyst rating on (JP:8031) stock is a Hold with a Yen5428.00 price target. To see the full list of analyst forecasts on Mitsui & Co stock, see the JP:8031 Stock Forecast page.

Mitsui & Co. Announces Wide-Ranging 2026 Leadership and Governance Reshuffle

Mitsui & Co. has announced a broad reorganization of its top management and governance structure, including promotions and new appointments of executive officers, changes in their responsibilities, and the retirement of certain executives effective March 31 and April 1, 2026. The company will also implement changes to its board of directors and Audit & Supervisory Board, with new and retiring members to be confirmed at the June 17, 2026 shareholders’ meeting, alongside adjustments to representative directors, executive committee membership, and advisory committee composition, signaling an extensive leadership refresh that may influence its strategic direction and oversight framework.

The most recent analyst rating on (JP:8031) stock is a Buy with a Yen4766.00 price target. To see the full list of analyst forecasts on Mitsui & Co stock, see the JP:8031 Stock Forecast page.

Mitsui & Co. Details Progress on ¥200 Billion Share Buyback Program

Mitsui & Co. has reported progress on its ongoing share repurchase program authorized by its board in November 2025, purchasing 9,307,100 shares of common stock in December 2025 at a total cost of approximately ¥40.7 billion. Cumulatively, from November 6 through December 31, 2025, the company has bought back 18,367,300 shares for about ¥77.3 billion, still well below the program’s ceiling of up to 80 million shares and ¥200 billion to be executed by March 19, 2026 via auction market purchases on the Tokyo Stock Exchange, signaling continued active capital management and potential support for shareholder returns.

The most recent analyst rating on (JP:8031) stock is a Buy with a Yen4853.00 price target. To see the full list of analyst forecasts on Mitsui & Co stock, see the JP:8031 Stock Forecast page.

Mitsui & Co. Announces Share Repurchase and Cancellation Plan

Mitsui & Co., Ltd. announced a decision by its Board of Directors to repurchase up to 80 million shares of its common stock, valued at up to 200 billion yen, with the aim of enhancing shareholder returns and improving capital efficiency. The repurchase will occur on the Tokyo Stock Exchange from November 6, 2025, to March 19, 2026, and all repurchased shares will be canceled by March 30, 2026, potentially impacting the company’s share value and market positioning.

The most recent analyst rating on (JP:8031) stock is a Buy with a Yen3781.00 price target. To see the full list of analyst forecasts on Mitsui & Co stock, see the JP:8031 Stock Forecast page.

Mitsui & Co. Reports Mixed Financial Results for H1 2025

Mitsui & Co., Ltd. reported its consolidated financial results for the six-month period ended September 30, 2025, showing a slight decrease in revenue but an increase in profit before income taxes and profit for the period. The company also announced a change in its earnings forecast, reflecting adjustments in its dividend per share, which may impact stakeholders’ expectations and the company’s financial strategy moving forward.

The most recent analyst rating on (JP:8031) stock is a Buy with a Yen3781.00 price target. To see the full list of analyst forecasts on Mitsui & Co stock, see the JP:8031 Stock Forecast page.