MITSY News and Press, Mitsui & Co. Ltd. ADR From 05/03/23

2023-05-03 03:24:35 ET Summary Mitsui & Co. had a solid ending to FY 2023, slightly topping the last forecast and increasing the dividend another ¥5 per share. Profit is expected to drop 22% in FY 2024 due to lower energy and metals prices. Forecasted dividend growth is s...

2023-05-02 08:44:39 ET Mitsui press release ( OTCPK:MITSY ): FY GAAP EPS of ¥721.41. Revenue of ¥14306.4B (+21.7% Y/Y). FY2024 outlook: Profit of ¥880,000M; GAAP EPS of ¥582.79. For further details see: Mitsui GAAP EPS of &#...

2023-05-01 11:23:02 ET Summary Automotive has the obvious headwind in that credit markets are contracting, and this impacts the machinery business. Met coal has been benefiting from adverse weather effects in Australia, constraining supply. Lower steel demand from construction and...

2023-04-21 10:51:30 ET Summary Warren Buffett grabbed 5% stakes, worth a total of $6 billion, in Japan's five largest trading companies known as sogo shosha in 2020. The sogo shosha has diverse business interests ranging from energy and metals to food and textiles and has a rich h...

2023-03-15 13:17:47 ET Vale SA ( NYSE: VALE ) is evaluating a spinoff or initial public offering of its base metals business after it completes a sale of a minority stake. The Brazilian miner is in discussions to sell a 10% stake in the unit with final offers due in mid...

Summary Vale S.A. is in talks to sell a stake in its future-oriented battery metals business. I wouldn't be surprised if a stake sale will be followed by an IPO or a spinoff of the segment. Vale seems to be in full sales mode for the segment that could reportedly bring in 25% of its...

Summary Berkshire Hathaway's 13F stock portfolio value increased from ~$296B to ~$299B. Their largest three holdings are at ~60% of the entire portfolio. Berkshire Hathaway increased Louisiana-Pacific while decreasing US Bancorp, Bank of New York Mellon, Taiwan Semi, and McKesson Co...

Mitsui & Co., Ltd. (MITSY) Q3 2023 Earnings Conference Call February 3, 2023 2:00 A.M. ET Company Participants Maroshi Tokoyoda - Investor Relations Tetsuya Shigeta - Chief Financial Officer Masao Kurihara - Global Controller Conference Call Participants ...

The following slide deck was published by Mitsui & Co., Ltd. in conjunction with their 2023 Q3 earnings call. For further details see: Mitsui & Co., Ltd. 2023 Q3 - Results - Earnings Call Presentation

Summary Mitsui & Co. just raised its FY 2023 profit forecast to 1080 billion yen, breaking the trillion yen mark for the first time. Futures prices suggest lower income from hydrocarbons, only partially offset by stabilizing metals prices for FY 2024. The company's valuation met...