Mitsubishi Corporation operates in global environment and energy, material solutions, metal resources, social infrastructure, mobility, food industry, SLC, and power solutions businesses in Japan and internationally. The Global Environment and Energy segment develops and produces natural gas, LNG, LPG, and petroleum products, and develops energy businesses. The Material Solutions segment handles sales transactions and investment and development in material-related fields such as petrochemicals, basic chemicals, functional materials, carbon/ceramics, and steel products. The Metal Resources segment invests in and develops metal resources including copper, coking coal, iron ore, aluminum, lithium, and nickel, and supplies raw materials for steel and non-ferrous metals. The Social Infrastructure segment develops power generation, ships, aerospace, industrial machinery, energy infrastructure, and vinegar. The Mobility segment covers the automotive value chain, including sales, sales financing, after-sales services, and mobility service businesses. The Food industry segment sells food, fresh produce, consumer goods, and food ingredients. The S.L.C. segment is involved in C2B business. The Power Solutions segment engages in power generation, trading, retail electricity, power transmission, and hydrogen energy development. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
Mitsubishi's profit jump, bigger dividends and global bets drive the story
▲
Berkshire adds to its Mitsubishi stake Berkshire Hathaway, the famous US investor run by Greg Abel, increased its stake in Mitsubishi. When a respected long-term investor buys more, it signals confidence and can draw other buyers to the stock, supporting the share price.
A major outside investor raising its stake is a fresh confidence signal for the shares.
▲
Quarterly profit up 47%, forecast and dividend raised Mitsubishi reported net profit of 298.5 billion yen for the quarter, up 47% from a year earlier, and lifted its full-year profit forecast to 1.1 trillion yen. It also raised the yearly dividend to 125 yen per share, an 11th straight increase, which directly rewards shareholders.
This is the core earnings event that shows the business is growing and returning more cash.
▲
Big new investment in the Philippines Mitsubishi is investing about $700 million (44.5 billion pesos) in Philippine conglomerate Ayala, tripling its stake to 15% and gaining 20% of voting rights plus two board seats. The two will work together on real estate, energy, fintech and more, deepening Mitsubishi's presence in a fast-growing market.
A large, concrete expansion into new markets shows where future growth is coming from.
▲
500 billion yen bet to double Canadian LNG output Mitsubishi will invest about 500 billion yen with partners including Shell to expand LNG Canada, doubling capacity to 28 million tonnes a year by the early 2030s. Mitsubishi will take its share of the extra gas, strengthening its long-term energy supply and earnings base.
This is a major long-term growth project that adds future production and profit potential.
Q3 2026
▲3▼1
Mitsubishi's record gas deals and profit surge offset by wind exit
▲
Record U.S. gas acquisition Mitsubishi closed its largest-ever U.S. gas deal, buying Aethon assets for $7.5 billion, expanding its natural gas footprint and boosting future earnings potential.
This major acquisition is a key new growth driver for the quarter.
▲
Profit surge and dividend hike Quarterly profit jumped 47% to ¥298.5 billion, full-year forecast reached ¥1.1 trillion, and the dividend rose for an 11th straight year to ¥125 per share, rewarding shareholders.
Strong financial results and dividend increase directly support the stock price.
▲
Berkshire Hathaway raises stake Berkshire Hathaway increased its ownership to 11.1%, signaling strong confidence in Mitsubishi's strategy and potentially attracting other investors.
A major investor's vote of confidence can positively influence market sentiment.
▼
Withdrawal from offshore wind projects A Mitsubishi-led consortium withdrew from three Japanese offshore wind projects due to rising costs, with partner BP possibly exiting another, hindering renewable expansion despite potential government support.
This setback could dampen growth prospects in renewables and weigh on investor sentiment.
News & notes moving8058.JP
CanadaUnited KingdomMalaysiaChinaJapanSouth KoreaUnited States
Energy Transition & Power Demand▲5impact 4
Shell Takes FID on LNG Canada Phase 2, Doubling Capacity to 28 mtpa
Shell plc has taken a final investment decision on the second phase of the LNG Canada project in Kitimat, British Columbia, clearing the way for an expansion that will double the facility's production capacity. Phase 2 will add two LNG processing trains and lift total production capacity from 14 million tonnes per annum to 28 mtpa, with commercial operations expected to begin in the early 2030s. Shell owns a 40% stake in the joint venture, alongside PETRONAS with 25%, PetroChina with 15%, Mitsubishi Corporation with 15% and Korea Gas Corporation with 5%, and expects to receive nearly 6 mtpa of additional LNG once Phase 2 comes online. The decision also unlocked TC Energy Corporation's related expansion of the Coastal GasLink pipeline, which currently transports about 2.1 billion cubic feet per day and is designed to nearly double that capacity along the existing 670-kilometer route to Kitimat. Fluor Corporation said its joint venture with JGC Corporation has been selected to provide engineering, procurement, fabrication, construction and commissioning services for Phase 2, with Fluor's share of the award valued at approximately $7.5 billion and expected to enter its backlog in the third quarter of fiscal 2026.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
FLR · Demand · Positive Fluor's JV selected for LNG Canada Phase 2 EPC services, with Fluor's ~$7.5B share entering backlog in fiscal Q3 2026.
SHEL.LSE · Capital · Positive Shell took FID on LNG Canada Phase 2, doubling capacity to 28 mtpa and securing ~6 mtpa of additional LNG for its 40% stake.
TRP · Demand · Positive Phase 2 FID unlocked TC Energy's related Coastal GasLink pipeline expansion to nearly double capacity to Kitimat.
1963.JP · Demand · Positive JGC's JV with Fluor was selected to provide EPC and commissioning services for LNG Canada Phase 2.
8058.JP · Demand · Positive Mitsubishi holds a 15% stake in the LNG Canada JV, which is expanding capacity via Phase 2.
Petronas · Demand · Positive PETRONAS holds a 25% stake in the LNG Canada JV and benefits from the Phase 2 expansion doubling capacity to 28 mtpa.
Mitsubishi Corp to invest 500 billion yen in Canadian LNG expansion, doubling capacity in early 2030s
Mitsubishi Corp announced on the 29th that it has decided to invest in expanding the production capacity of the LNG Canada liquefied natural gas production facility in western Canada. Investing jointly with partner companies including British oil major Shell, Mitsubishi Corp's project spending will come to about 500 billion yen. By expanding liquefaction facilities, the company aims to raise production capacity to 28 million tons per year, double the current level, in the early 2030s.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Supply
8058.JP · Capital · Positive Mitsubishi Corp will invest about 500 billion yen to expand LNG Canada capacity to 28 million tons per year by the early 2030s.
SHEL.LSE · Capital · Positive Shell is a partner in the LNG Canada expansion, which doubles liquefaction capacity and boosts its project scale.
NATGAS · Supply · Positive The LNG Canada expansion will double liquefaction capacity, increasing future natural gas supply.
Ayala to Cut Debt, Buy Undervalued Units With $700 Million Mitsubishi Proceeds
Ayala Corp. will use the $700 million raised from a share sale to Mitsubishi to cut debt, acquire shares in undervalued listed units and grow its businesses, President and CEO Cezar Consing said. Of the roughly 45 billion pesos represented by the $700 million, 20 billion pesos will go to Ayala Corp. through a share issuance, while another 20 billion pesos will fund a tender offer conducted on Mitsubishi's behalf for up to 20 billion shares at 650 pesos a share, the same price as the primary placement. Ayala is expanding its board from seven to nine seats, with Mitsubishi taking two, and the Japanese conglomerate will send about a dozen people to be placed at Ayala Corp. and key operating companies. The two firms have identified real estate, energy, fintech and financial services, mobility, logistics and AI as segments for joint projects, and will aim to build an ecosystem across those assets. Consing said the $700 million investment, about 120 billion yen, is the largest foreign direct investment the Philippines has received year to date, and noted Mitsubishi's stake had fallen to 4.7% from a peak of 20%.
8058.JP · Capital · Positive Mitsubishi invests $700M in Ayala, gaining two board seats and joint projects across real estate, energy, fintech and more
Ayala Corporation · Capital · Positive Ayala raises $700M from Mitsubishi to cut debt, buy undervalued units and grow businesses
Mitsubishi Corp to invest an additional 44.5 billion pesos in Ayala, raising voting rights to 20%
Philippine conglomerate Ayala Corporation announced on the 21st that Mitsubishi Corp will make an additional investment of 44.5 billion Philippine pesos, or 709.48 million dollars. Its stake will rise from the current 4.7% to 15%, more than triple, and to 20% on a voting-rights basis, further strengthening Mitsubishi Corp's business foundation in the Philippines. The per-share acquisition price is 650 pesos, a premium of about 22% over the most recent closing price. Mitsubishi Corp indicated it will deepen cooperation in consumer-facing businesses and pursue opportunities in real estate and energy, Ayala's core businesses, with the deal expected to close during fiscal 2026. Ayala, through its telecommunications subsidiary, will take a stake in Mynt, which operates the leading smartphone payment app GCash. Mynt's application to list on the Philippine Stock Exchange was approved last week, and the fundraising could reach as much as 1.47 billion dollars, potentially making it the largest initial public offering in the Philippines.
8058.JP · Capital · Positive Mitsubishi Corp will invest an additional 44.5 billion pesos in Ayala, tripling its stake to 15% and 20% on voting rights, deepening its Philippine business base.
Ayala Corporation · Capital · Positive Ayala will receive a 44.5 billion peso investment from Mitsubishi at a 22% premium, and its telecom subsidiary will take a stake in Mynt.
Mynt · Capital · Positive Mynt's IPO application was approved last week, with fundraising potentially reaching $1.47 billion, the largest Philippine IPO.
Shell plc-led LNG Canada is reportedly moving toward a Phase 2 expansion, with partners potentially reaching a final investment decision as early as October. The proposed expansion would add 14 million metric tons per annum of LNG export capacity, effectively doubling the facility's total capacity to 28 mtpa from the 14 mtpa produced by the two processing trains of the first phase, which cost about C$40 billion. LNG Canada is a joint venture led by Shell and backed by Petronas, PetroChina, Mitsubishi Corp and Korea Gas Corp, located in Kitimat, British Columbia, and is Canada's first large-scale LNG export terminal. Shell said discussions with its venture partners are continuing on potential pathways for the expansion, and any decision will take into account competitiveness, affordability, government support and stakeholder needs, with the final investment decision targeted before the end of 2026 subject to commercial, fiscal, regulatory and governance requirements. By the second quarter of 2026, LNG Canada had delivered more than 100 cargoes and reached full capacity, contributing to a 17% year-over-year increase in Shell's first-half 2026 LNG liquefaction volumes, and Shell expects a potential Phase 2 investment to add another layer of free-cash-flow growth in the 2030s.
Energy Transition & Power Demand › Natural Gas Value Chain ▲Supply
SHEL.LSE · Capital · Positive Shell-led LNG Canada is moving toward a Phase 2 FID that would double capacity and add free-cash-flow growth in the 2030s.
LNG Canada · Capital · Positive LNG Canada is reportedly moving toward a Phase 2 expansion FID that would double capacity to 28 mtpa, adding free-cash-flow growth in the 2030s.
036460.KO · Capital · Positive Korea Gas Corp is a JV partner in LNG Canada, which is weighing a Phase 2 expansion doubling capacity to 28 mtpa.
601857.CG · Capital · Positive PetroChina is a JV partner in LNG Canada, which is weighing a Phase 2 expansion that would double capacity to 28 mtpa.
8058.JP · Capital · Positive Mitsubishi Corp is a JV partner in LNG Canada, which is weighing a Phase 2 expansion doubling capacity to 28 mtpa.
Petronas · Capital · Positive Petronas is a JV partner in LNG Canada, which is weighing a Phase 2 expansion doubling capacity to 28 mtpa.
Mitsubishi Corp posts Q1 profit of 298.5 billion yen, up 47%
In its first-quarter results for the fiscal year ending March 2027, Mitsubishi Corp reported net profit of 298.5 billion yen, up 47.0% from a year earlier, on revenue of 5.1809 trillion yen, up 22.8%. According to company disclosures, gross profit rose by 128.7 billion yen, from 368.5 billion yen to 497.2 billion yen, mainly on higher market prices; financial income increased by 34.8 billion yen, from 60.1 billion yen to 95 billion yen; and profit from investments accounted for using the equity method grew by 12.2 billion yen, from 138.7 billion yen to 150.9 billion yen. On the other hand, selling, general and administrative expenses rose by 56.4 billion yen due to the impact of foreign exchange translation from the weaker yen and an increase in the allowance for doubtful accounts, but pretax profit increased by 135.1 billion yen, from 252.9 billion yen to 388 billion yen. The full-year net profit forecast is 1.1 trillion yen, up 37.4% from the previous fiscal year, and the first-quarter result represents 27% of that, slightly above the even quarterly pace of 25%. The annual dividend forecast is 125 yen per share, raised from 110 yen a year earlier, which would mark an 11th consecutive year of dividend increases. For the previous fiscal year ended March 2026, net profit fell 15.8% to 800.4 billion yen, reflecting a reversal from the revaluation gain booked when Lawson became an equity-method affiliate.
Integral launches tender offer for Kadoya Sesame Mills at 2,514 yen per share, aiming to take it private
Kadoya Sesame Mills, known for its "pure sesame oil," announced on the evening of the 14th that domestic investment fund Integral will conduct a tender offer for its shares at 2,514 yen per share to take the company private. The tender offer period runs from the 15th through October 30, with a minimum acceptance threshold of 50.09% of shares and no upper limit. Integral's investment through the tender offer will amount to roughly 58 billion yen. Kadoya Sesame Mills has expressed its support and recommends that general shareholders tender their shares, while also noting the possibility that a competing proposal could emerge. The current largest shareholder is Mitsubishi Corporation with 26.88%, and the second-largest is Mitsui & Co. with 21.92%. If both companies cooperate by not tendering into the offer and instead agreeing to a buyback, Integral will raise the tender offer price for general shareholders to as much as 2,760 yen per share, while lowering the minimum acceptance threshold. Kadoya Sesame Mills shares closed at 2,419 yen on September 14. The move to take the company private was prompted by an approach from an operating company in September 2025, and in addition to Integral, which has teamed up with the founding family, multiple companies took part in the acquisition process. Kadoya Sesame Mills judged Integral's proposal to be the best, but in parallel one operating company is still considering a legally binding proposal, and one fund is proceeding with due diligence.
5842.JP · Capital · Positive Integral is the acquirer launching the tender offer at 2,514 yen per share (~58 billion yen) to take Kadoya Sesame Mills private.
8031.JP · · Neutral Named as second-largest shareholder (21.92%); its cooperation on tendering/buyback could affect the offer terms, but no decision or action by Mitsui is reported.
8058.JP · · Neutral Named as largest shareholder (26.88%); its cooperation on tendering/buyback could affect the offer terms, but no decision or action by Mitsubishi is reported.
United StatesJapanUnited KingdomSingaporeHong Kong SAR ChinaIreland
Digital Finance & Tokenization▲
Citi to Launch Tokenized Deposit Cross-Border Payments for Japanese Firms This Year
US financial giant Citi plans to launch cross-border payment services using tokenized deposits for Japanese companies within 2026. The service leverages blockchain to enable instant foreign currency transfers even at night or on holidays, as reported by Nikkei. Instant transfers will be possible between Citi's branches in the US, UK, Singapore, Hong Kong, and Ireland, with companies selecting the token service on the transfer instruction screen. Tokenized deposits convert bank deposits into a digital format that can be transferred on blockchain, eliminating delays caused by banking hours and holidays that have plagued traditional cross-border payments, and reducing the need for companies to pre-position funds overseas for payments. Citi has been offering its overseas cash management service 'Citi Token Services for Cash' since 2024, and on September 29, 2025, announced plans to integrate the token service with a 24/7 US dollar settlement infrastructure. As a pioneering example among Japanese firms, Mitsubishi Corporation has adopted JPMorgan's blockchain-based payment service.
Digital Finance & Tokenization › Payments Modernization & Rails ▲Technology
C · Technology · Positive Citi is launching blockchain-based tokenized deposit cross-border payment services for Japanese firms, expanding its product capabilities.
8058.JP · Technology · Positive Mitsubishi Corporation adopted JPMorgan's blockchain-based payment service as a pioneering Japanese firm.
JPM · Technology · Positive Mitsubishi Corporation has adopted JPMorgan's blockchain-based payment service, cited as a pioneering example.
Life Corp to Tender Offer for Alvis, Strengthening Supermarket Business in Hokuriku
Life Corporation, which operates the "Life" supermarkets in the Tokyo metropolitan area and Kansai, announced on the 8th that it will conduct a tender offer (TOB) for Alvis, a food supermarket based in the Hokuriku region, aiming to make it a consolidated subsidiary. The tender offer is at 3,780 yen per share, running from the 9th to November 10th, with an estimated acquisition amount of about 26 billion yen. Alvis has agreed to the tender offer and recommended that its shareholders also tender their shares. If the tender offer is successful, Alvis will be delisted, with existing shareholder Mitsubishi Corporation holding just over 16% of the shares and Life Corp holding the remainder. Alvis was established in 1968 and operates about 70 stores in the Hokuriku and Chukyo regions, mainly in Toyama Prefecture, with consolidated sales of 100.9 billion yen for the fiscal year ending March 2026.
8194.JP · Capital · Positive Life Corp will conduct a ~26 billion yen tender offer for Alvis, making it a consolidated subsidiary and strengthening its supermarket business in Hokuriku.
8058.JP · Capital · Neutral Mitsubishi Corporation is mentioned only as an existing Alvis shareholder holding just over 16% that will retain a stake after the tender offer.
Berkshire CEO says Japan yields not a concern for trading houses
Berkshire Hathaway CEO Greg Abel said Wednesday that rising bond yields in Japan are not weighing on the major Japanese trading companies in which the conglomerate holds stakes. During an appearance on CNBC's "Squawk Box" while visiting Tokyo, Abel said not a single trading company raised it as a fundamental challenge, noting that Japan's yields, while at multi-decade highs, remain relatively modest compared to other global yields. Japan's 10-year bond yield hit a 30-year high this week, reaching just above 3%, while the U.S. 10-year Treasury yield crossed 4.8% on Tuesday. Berkshire holds stakes exceeding 10% in five major Japanese trading houses — Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo — and Abel said the company intends to hold these positions for decades and continue tapping the yen bond market when needed. He also discussed Berkshire's investment in Alphabet, viewing Google's parent as a significant player in artificial intelligence, and addressed data center power supply, saying Berkshire is open to supplying power to large computing firms only if it does not raise rates for existing customers.
Berkshire Hathaway's Greg Abel Spent $23.5 Billion on Nine Stocks
Berkshire Hathaway CEO Greg Abel deployed roughly $23.5 billion into nine publicly traded companies last quarter, marking the conglomerate's first quarter as a net buyer of stocks since 2022. The largest investment was Alphabet, with a $10 billion private placement in June plus an additional $5 billion to $7 billion in open-market purchases, making it Berkshire's third-largest marketable equity holding. Other U.S. additions included Macy's, Delta Airlines, Lennar, New York Times, and a new position in D.R. Horton, while earlier disclosures revealed increased stakes in Japanese trading houses Mitsubishi, Marubeni, and Sumitomo. The article highlights Alphabet as the best of the bunch, citing its $514 billion contracted revenue backlog, expanding cloud operating margin to 35.6%, and a forward earnings multiple of 16.5 times.
GOOG · Demand · Positive Berkshire's $10B private placement and additional purchases make Alphabet its third-largest holding, highlighting its strong backlog and cloud growth.
8002.JP · Capital · Positive Berkshire increased its stake in Marubeni.
8053.JP · Capital · Positive Berkshire increased its stake in Sumitomo.
8058.JP · Capital · Positive Berkshire increased its stake in Mitsubishi.
DAL · Demand · Positive Berkshire increased its stake in Delta, signaling confidence in the airline's prospects.
DHI · Demand · Positive Berkshire initiated a new position in D.R. Horton, indicating a positive view on homebuilder demand.
Par Pacific Hawaii Renewables Ramps Up Renewable Diesel Production
Par Pacific Holdings' Hawaii Renewables facility produced on-specification renewable diesel in April 2026 and completed its first commercial sales, marking a key operational milestone for the company's long-term growth. The facility is designed to produce 61 million gallons of renewable diesel, sustainable aviation fuel, and renewable naphtha annually, with flexibility to produce up to 60% SAF or 90% renewable diesel. Production ramped during the second quarter, with June throughput reaching approximately 3,000 barrels per day before a plant-wide turnaround. The joint venture with Mitsubishi Corporation and ENEOS Corporation contributed $100 million for a 36.5% interest, providing feedstock-sourcing and customer-access capabilities across Asia-Pacific and California. Par Pacific has not yet provided mid-cycle earnings guidance for Renewables as commissioning and ramp-up continue.
Japanese Executives Say Excessively Weak Yen Is Not Good News After It Hits 164 Yen per Dollar, Driving Up Import Costs
Japan's business sector is calling for greater stability in the foreign exchange market after the yen weakened to nearly 164 yen per dollar, its lowest level in 40 years, and one of the factors that led Japan and the United States to jointly intervene in the currency market last week to support the yen. The intervention resulted in the yen strengthening back by about 5 percent. Senior executives from several Japanese companies, such as Kenichiro Fujimoto, CFO of Mitsubishi Electric, pointed out that a weak yen does not mean everything is always good. While it helps boost overseas revenue and the export sector, rising costs for energy, raw materials, and food are starting to pressure the economy. Meanwhile, Norihiko Ishiguro, Chairman of JETRO, said that Japanese companies must import almost all raw materials. When the yen weakens to a certain level, the increased costs may outweigh the benefits. Makoto Tanaka, CFO of Mitsui & Co, and Yoshihiro Shimazu, CFO of Mitsubishi Corp, both emphasized the need for market stability and reduced volatility, as severe fluctuations make business planning more difficult. A JETRO survey also found that the most desired exchange rate level for Japanese companies is 120 to 124 yen per dollar, with only 11 percent wanting to see the yen weaker than 150 yen per dollar, reflecting that an excessively weak yen is not a situation most of the business sector wants.
Mitsubishi Corporation's April–June net profit rises 47% on higher coking coal and copper prices
Mitsubishi Corporation reported a 47% year-on-year increase in consolidated net profit to 298.5 billion yen for the April–June quarter of fiscal 2026. Higher market prices for its Australian coking coal and copper operations, along with the ramp-up of its Canadian liquefied natural gas business, contributed to earnings. The company maintained its full-year forecast of 1.1 trillion yen, which exceeds the average estimate of 1.074 trillion yen from 14 analysts polled by IBES.
Offshore wind faces continued headwinds as BP withdraws; government expands support to retain developers
It has emerged that British oil major BP is considering withdrawing from the consortium selected as the developer for the offshore wind project off the coast of Yuza Town in Yamagata Prefecture. The move comes against a backdrop of soaring construction costs driven by global inflation. The project is expected to continue with the remaining partners, including Marubeni, Kansai Electric Power, and Tokyo Gas, but developers in other sea areas are voicing concerns about a potential domino effect of withdrawals from consortia. In its Strategic Energy Plan released in February last year, the government set a target of raising the share of wind power in the electricity mix to around 4 to 8 percent by fiscal 2040. However, headwinds persist, as a consortium led by Mitsubishi Corporation withdrew from three sea areas off Chiba and Akita prefectures, citing rising costs. The Ministry of Economy, Trade and Industry is stepping up financial support, including expanding participation in the long-term decarbonization power source auction and raising the ceiling on revenue guarantees, in an effort to retain developers.
Berkshire Hathaway Raises Stakes in Three Japanese Trading Houses
Berkshire Hathaway increased its holdings in Mitsubishi, Sumitomo, and Marubeni during the second quarter, according to Japanese regulatory filings. The conglomerate's stake in Mitsubishi rose to 11.1% as of April 30, while its Sumitomo position reached 10.3% as of May 12, up from 9.3%, and its Marubeni stake also climbed above 10%. These three are part of a group of five Japanese trading houses that Berkshire began buying in 2019, with the total cost of all five positions at $15.4 billion and their market value at $35.4 billion at the end of 2025. The investments are funded with yen-denominated borrowings carrying an average interest cost of just 1.2%, and the five companies paid Berkshire a combined $862 million in dividends last year.
Greg Abel Bought Alphabet and Three Japanese Trading Houses in the Second Quarter
Berkshire Hathaway's new investment chief Greg Abel purchased shares of Alphabet, Mitsubishi, Marubeni, and Sumitomo during the second quarter, according to regulatory filings. Abel's largest buy was Alphabet, where Berkshire agreed to a $10 billion private placement split evenly between Class A and Class C shares as part of the company's $84.75 billion equity offering to fund AI data centers. Alphabet holds a 91% share of global internet search and saw Google Cloud sales jump 63% in the first quarter. Abel also added to Berkshire's stakes in three of Japan's five trading houses, with purchases of Mitsubishi, Marubeni, and Sumitomo reported between April 30 and May 12, drawn by their low valuations and shareholder-friendly capital-return programs.
Artificial Intelligence › AI Server OEM & System Integration ▲Demand
GOOG · Capital · Positive Berkshire Hathaway invested $10 billion in Alphabet via a private placement, signaling confidence and providing capital for AI data centers.
8002.JP · Capital · Positive Berkshire increased its stake in Marubeni, attracted by low valuations and shareholder-friendly capital returns.
8053.JP · Capital · Positive Berkshire increased its stake in Sumitomo, attracted by low valuations and shareholder-friendly capital returns.
8058.JP · Capital · Positive Berkshire increased its stake in Mitsubishi, attracted by low valuations and shareholder-friendly capital returns.
Aethon Energy Completes Sale of Haynesville Assets to Mitsubishi
Aethon Energy Management has completed the sale of its Fund II and Fund III assets to Mitsubishi Corporation, marking Mitsubishi's largest-ever acquisition. The transaction transfers 100% of the equity interests in Aethon United LP and Aethon III LLC, along with related operational and midstream entities, to the Japanese trading house. Operation of the assets, which represent the largest privately held natural gas platform in the Haynesville Shale and North America, has transitioned to Adamas Energy, a newly formed standalone subsidiary of Mitsubishi led by Gordon Huddleston. Aethon will continue as a private investment firm and intends to acquire a 25% non-operated working interest in the sold assets, subject to financing and regulatory approvals. The deal builds on Aethon's 35-year track record and a Global Strategic Alliance with Mitsubishi established in January 2026.
Mitsubishi Corporation Sells Entire Stake in Ryohin Keikaku, Forms Strategic Business Alliance
Ryohin Keikaku announced it will dissolve its shareholding relationship with Mitsubishi Corporation, with Mitsubishi selling its entire stake. Mitsubishi had been a shareholder since 2001 and was the largest shareholder excluding trust accounts as of the end of August 2025, holding a 3.88 percent stake. Meanwhile, the two companies have signed a strategic business alliance agreement, under which they will explore joint development and sales with Lawson, as well as product development support aimed at increasing the overseas sales composition ratio in the food sector and the creation of new business areas.
7453.JP · Capital · Neutral Ryohin Keikaku dissolves shareholding with Mitsubishi (stake sale) but gains a strategic business alliance for joint development and sales.
8058.JP · Capital · Neutral Mitsubishi sells its entire 3.88% stake in Ryohin Keikaku, but also forms a strategic business alliance, creating mixed signals.
Lawson, Inc. · Demand · Positive Lawson is mentioned as a partner in the strategic alliance for joint development and sales, potentially boosting its business.
Dwell Officially Obtains Supply Qualification for Mitsubishi Overseas International Project
Dwell has recently officially obtained the supply qualification for a Mitsubishi overseas international project. The company's gas turbine business counts Baker Hughes and Mitsubishi, two major international original equipment manufacturers, as its core customers. Downstream industry demand is currently strong, with incremental orders steadily materializing and business revenue growing steadily. The gas turbine segment will leverage the convertible bond fundraising project to advance capacity expansion, focusing on high-value-added core components such as gas turbine main shafts and high-end precision forgings. In addition, the GH2070P superalloy header tee produced by the company using 350-meganewton multi-directional die forging, as a key core component for the world's first 650-degree Celsius ultra-supercritical unit at the Huaneng Yuhuan Power Plant Phase IV expansion project, has achieved mass production, and the company has been smoothly incorporated into the core supplier system of State Grid.
Energy Transition & Power Demand › Natural Gas Value Chain Supply
8058.JP · Demand · Positive Dwell obtains supply qualification for a Mitsubishi overseas international project, strengthening their business relationship.
BKR · Demand · Positive Dwell, a customer of Baker Hughes, secures supply qualification for Mitsubishi project, indicating strong downstream demand for gas turbine components.
US chipmaker AMD invests in Japanese autonomous driving startup to accelerate software development for commercialization
Turing, a Japanese startup developing fully autonomous driving AI, has raised approximately 12.6 billion yen from investors including the venture arm of US-based AMD. The breakdown is roughly 6.8 billion yen through a third-party allotment of new shares to AMD Ventures and Mitsubishi Corporation, and 5.8 billion yen in loans from MUFG Bank. The company has traditionally used NVIDIA GPUs, but has started adopting AMD GPUs to diversify procurement and reduce costs, with AMD now accounting for 10% of its total GPU usage. Turing aims to begin offering software for passenger cars and unmanned robotaxis as early as 2028. It successfully conducted test drives in Odaiba last year and is currently running demonstration experiments in high-traffic areas.
Robotics & Physical AI › Autonomous Vehicles & Robotaxi Competition
Robotics & Physical AI › Robotics AI & Embodiment Software Technology
Semiconductors › Analog, Power & Discrete Demand
Turing Inc. · Capital · Positive Turing raised 12.6 billion yen from investors including AMD Ventures and Mitsubishi Corporation, providing capital for development.
AMD · Demand · Positive AMD's GPU adoption by Turing increases from 0% to 10% of total GPU usage, with potential for further growth as Turing develops autonomous driving software.
NVDA · Competition · Negative Turing, previously an NVIDIA GPU user, is diversifying to AMD GPUs, reducing NVIDIA's market share in this startup.
8058.JP · Capital · Positive Mitsubishi Corporation invested in Turing via a third-party allotment, gaining a stake in an autonomous driving startup.
Giga Metals launches summer geophysics program at Turnagain Project's Attic Zone
Giga Metals Corporation has commenced a property-scale geophysical survey program at its Turnagain Project, a joint venture with Mitsubishi Corporation, to advance the underexplored Attic Zone. The program includes a magnetotelluric survey totaling 17 kilometers across three lines and a 504 line-kilometer HeliSAM electromagnetic survey, covering approximately 6.5 by 4.5 kilometers of the intrusive complex. The work is fully funded and expected to be completed over the next several weeks, with results guiding further exploration into the fall of 2026. The Attic Zone is prospective for copper, platinum, and palladium mineralization adjacent to the project's known nickel-cobalt resource.
Japan
