Mitsubishi Corporation Announces 1 Trillion Yen Buyback, 12% ROE Target, and 4 Trillion Yen Investment; Tokyo Marine Expects 190 Billion Yen Profit

Mitsubishi Corporation has announced a plan for a share buyback worth 1 trillion yen for the fiscal year ending March 2028, alongside a target of achieving a return on equity (ROE) of 12%. The company aims to invest over 4 trillion yen by the end of the same fiscal period. President Katsuya Nakazawa described the 12% ROE target as challenging but achievable during a press conference. Additionally, Tokyo Marine has participated in Mitsubishi's share buyback tender offer, expecting to record a profit of 190 billion yen from the sale. In related news, Morgan Stanley is reportedly raising around 100 billion yen for a Japan-focused real estate fund, which is set to close in June 2025.