TOKYO (Reuters) – Japanese trading house Marubeni said on Wednesday it is aiming for a net profit of more than 620 billion yen ($4 billion) in fiscal year 2027/2028, with shareholder returns of 40% which should allow it to see a higher market capitalisation.
The company posted on Wednesday a 14.5% rise in nine-month net profit to 425.2 billion yen and revised its profit forecast for the fiscal year ending in March to 500 billion yen from a previous guidance of 480 billion yen.
In the fiscal year of 2030/2031, Marubeni sees its market capitalisation at over 10 trillion yen, nearly tripling from 3.8 trillion yen it has now. Marubeni’s shares were up 3% by 0215 GMT.
The company plans to buy back up to 1.8% of its shares worth 30 billion yen, it added on Wednesday.
($1 = 153.3300 yen)
(Reporting by Katya Golubkova; Editing by Jacqueline Wong and Muralikumar Anantharaman)
