Mitsui's Share-Price Gains Reflect Upgraded Guidance, Buyback -- Market Talk

Dow Jones
2025/11/06

0658 GMT - The rise in Mitsui's share price following 1H results likely reflects its upgraded guidance and a new share buyback program, Morningstar director Chokwai Lee says in a note. Morningstar slightly raises its earnings forecasts on the Japanese trading house after Mitsui's 1H earnings and core operating cash flow exceeded expectations. Revisions were driven by the mineral and metal resources, energy, and machinery segments, supported by factors such as interest capitalization and favorable foreign-exchange rates, Lee says. However, "while Mitsui holds strong positions in LNG and energy value chains, we believe these do not confer durable competitive advantages" over its peers, Lee adds. Morningstar continues to favor Itochu among Japanese trading houses. Morningstar maintains a fair value estimate of Y4,050. Shares closed at Y4,057. (jason.chau@wsj.com)

 

(END) Dow Jones Newswires

November 06, 2025 01:58 ET (06:58 GMT)

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