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Mitsui & Co
(8031)
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Rating:59Neutral
Price Target:
¥5,032.00
▲(2.90% Upside)
Action:Reiterated
Date:08/05/26
The score is primarily held back by weakened cash-flow quality (negative TTM free cash flow despite profitability). Technicals are neutral-to-soft with the stock below longer-term moving averages, while valuation is reasonable with a moderate dividend yield providing partial support.
Positive Factors
Diversified conglomerate model
Mitsui’s wide business mix across resources, energy, machinery, chemicals, consumer and food reduces reliance on any single cycle. This durable diversification supports steadier revenue and earnings streams over months, smoothing volatility from any one sector and aiding resilience in mid-term horizons.
Negative Factors
Negative free cash flow
Despite profitable reported results, the swing to materially negative trailing free cash flow (≈-¥388B) signals elevated capex, working-capital needs, or project spending that erodes internally generated liquidity. Over 2–6 months this limits self-funded investment, increases reliance on external financing, and pressures cash returns to shareholders.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified conglomerate model
Mitsui’s wide business mix across resources, energy, machinery, chemicals, consumer and food reduces reliance on any single cycle. This durable diversification supports steadier revenue and earnings streams over months, smoothing volatility from any one sector and aiding resilience in mid-term horizons.
Read all positive factors
Mitsui & Co (8031) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.89T
Dividend Yield2.33%
Average Volume (3M)5.52M
Price to Earnings (P/E)17.0
Beta (1Y)1.11
Revenue Growth-4.55%
EPS Growth-5.16%
CountryJP
Employees55,463
SectorIndustrials
Sector Strength72
IndustryConglomerates
Share Statistics
EPS (TTM)328.17
Shares Outstanding2,864,666,500
10 Day Avg. Volume5,141,610
30 Day Avg. Volume5,522,330
Financial Highlights & Ratios
PEG Ratio-4.02
Price to Book (P/B)1.95
Price to Sales (P/S)1.22
P/FCF Ratio-109.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)354.59
Revenue Forecast (FY)¥15.15T
Mitsui & Co Business Overview & Revenue Model
Company Description
Mitsui & Co., Ltd. (8031) is a Japan-based “sogo shosha” (general trading company) that invests in, develops, and operates businesses across a broad set of industries globally. The company’s activities span natural resources (such as energy and me...
How the Company Makes Money
Mitsui makes money through a mix of (1) trading and distribution, (2) profits from investments in consolidated subsidiaries and equity-method affiliates, (3) income from resource and energy projects, and (4) value-added services such as logistics,...
Mitsui & Co Earnings Call Summary
Earnings Call Date:Aug 01, 2025
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed picture with notable achievements in cash flow and strategic investments, but faced significant challenges with profit decline and issues in the mineral and metal resources and renewable energy segments.Positive Updates
Increase in Core Operating Cash Flow (COCF)
Core operating cash flow increased by JPY0.5 billion year-over-year to JPY216.3 billion, showing good progress against the business plan.
Negative Updates
Significant Decline in Overall Profit
Profit for the quarter decreased by JPY84.5 billion year-over-year to JPY191.6 billion, primarily due to the absence of gains from asset sales recorded in the previous fiscal year.
Read all updates
Q1-2026 Updates
Positive
Negative
Increase in Core Operating Cash Flow (COCF)
Core operating cash flow increased by JPY0.5 billion year-over-year to JPY216.3 billion, showing good progress against the business plan.
Read all positive updates
Company Guidance
During the call, MITSUI & CO., LTD. provided detailed guidance for the fiscal year ending March 31, 2026. Core operating cash flow (COCF) for Q1 increased by JPY0.5 billion year-over-year (YoY) to JPY216.3 billion, while profit declined by JPY84.5 billion YoY to JPY191.6 billion due to the absence of gains from asset sales recorded in the previous fiscal year. The company reported cash inflows totaling JPY270 billion, with JPY54 billion from asset recycling, and cash outflows for investments and loans amounting to JPY208 billion. Investments included ITC Antwerp, which became a wholly owned subsidiary, and the Blue Point low-carbon ammonia project. The energy and innovation segments are expected to contribute more significantly from Q2 onwards, with the full-year forecast showing potential upsides in these areas. MITSUI emphasized its strategic focus on industrial business solutions, global energy transition, and wellness ecosystem creation, while maintaining a shareholder returns policy consistent with previous announcements. The company aims to achieve the MTMP final year target with a net D/E ratio of 0.45x and a shareholder equity increase of JPY0.1 trillion to JPY7.6 trillion.Mitsui & Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.04T | 14.00T | 14.66T | 13.32T | 14.31T | 11.76T |
| Gross Profit | 1.44T | 1.33T | 1.29T | 1.32T | 1.40T | 1.14T |
| EBITDA | 1.31T | 1.61T | 1.65T | 1.28T | 912.70B | 801.22B |
| Net Income | 936.38B | 833.97B | 900.34B | 1.06T | 1.13T | 914.72B |
Balance Sheet | ||||||
| Total Assets | 20.73T | 20.82T | 16.81T | 16.90T | 15.38T | 14.92T |
| Cash, Cash Equivalents and Short-Term Investments | 884.60B | 982.72B | 979.75B | 902.72B | 1.40T | 1.17T |
| Total Debt | 5.88T | 5.71T | 5.28T | 5.17T | 5.40T | 5.19T |
| Total Liabilities | 11.49T | 11.80T | 9.05T | 9.13T | 8.82T | 9.13T |
| Stockholders Equity | 8.98T | 8.77T | 7.55T | 7.54T | 6.37T | 5.61T |
Cash Flow | ||||||
| Free Cash Flow | -387.83B | -155.49B | 671.37B | 569.65B | 819.47B | 621.37B |
| Operating Cash Flow | 732.64B | 952.91B | 1.02T | 864.42B | 1.05T | 806.90B |
| Investing Cash Flow | -969.59B | -1.06T | -161.99B | -427.55B | -178.34B | -181.19B |
| Financing Cash Flow | 40.78B | 49.39B | -749.60B | -1.01T | -634.68B | -614.33B |
Mitsui & Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥15.67T | 15.74 | 14.58% | 2.11% | 0.67% | 3.97% | |
70 Outperform | ¥7.86T | 12.89 | 12.82% | 2.34% | 2.61% | 3.37% | |
70 Neutral | ¥8.63T | 15.74 | 13.62% | 1.97% | 6.11% | 9.13% | |
68 Neutral | ¥6.30T | 17.31 | 12.80% | 1.83% | 21.00% | 12.31% | |
67 Neutral | ¥15.97T | 22.52 | 8.81% | 2.24% | 1.60% | -10.27% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | ¥13.89T | 16.96 | 10.17% | 2.31% | -4.55% | -5.16% |
* Industrials Sector Average
JP:8031
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Mitsui & Co Corporate Events
Mitsui Extends Employee Share-Based Compensation Plan to 2029
Aug 4, 2026
Mitsui Co. has resolved to continue its share-based compensation plan for employees, originally introduced in 2020, as part of efforts to align staff with its medium- to long-term value-creation goals. The extension supports the execution of its ...
Mitsui & Co. Launches ¥200 Billion Share Buyback and Cancellation Plan
Aug 4, 2026
Mitsui Co. has approved a share repurchase of up to 60 million common shares, with a maximum aggregate cost of 200 billion yen, to be executed via auction trading on the Tokyo Stock Exchange between August 5, 2026 and January 29, 2027. The move i...
Mitsui & Co. Posts Strong Q1 Rebound and Raises Dividend Outlook
Aug 4, 2026
Mitsui Co. reported a strong rebound for the three months ended June 30, 2026, with revenue rising 31.7% year-on-year to ¥4.35 trillion and profit attributable to owners of the parent surging 53.4% to ¥294.1 billion. Earnings per share ...
Mitsui and Penske Move to Take Penske Automotive Group Private with USD 3.8 Billion Free-Float Bid
Jul 22, 2026
Mitsui Co., Ltd. and its U.S. subsidiary, together with Penske Corporation, have submitted a non-binding proposal to acquire all free-float shares of Penske Automotive Group, Inc. at an offer price of USD 210 per share. The transaction targets ap...
Mitsui Formalizes U.S. Housing Units as Specified Subsidiaries After Capital Boost
Jun 8, 2026
Mitsui Co. has disclosed that its U.S. real estate subsidiaries MBK Homes LLC and MBK Rental Living LLC became specified subsidiaries after a capital increase on October 6, 2023, which lifted each entity’s capital to at least 10% of Mitsui&...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.