Buffett-backed Mitsubishi stock beats sell-off on new buyback, ROE targets

Japanese trading house to repurchase up to $6.8bn in shares

20250403N Mitsubishi

Mitsubishi Corp. is Japan's leading trading house, with businesses spanning energy, steel and real estate. (Photo by Yuki Nakao)

TSUKASA MORIKUNI and SHIN WATANABE

TOKYO -- Japanese trading house Mitsubishi Corp. will conduct a share buyback of up to 1 trillion yen ($6.83 billion), the group said on Thursday.

Mitsubishi, which counts U.S. billionaire Warren Buffett's Berkshire Hathaway among its investors, plans to repurchase up to 689 million shares, about 17% of its total outstanding shares excluding those that the company already holds.

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