8058.T - Mitsubishi Corporation
| Previous Close | 2,794.50 |
| Open | 2,774.00 |
| Bid | 2,743.00 x 0 |
| Ask | 2,745.00 x 0 |
| Day's Range | 2,729.00 - 2,779.00 |
| 52 Week Range | 2,520.00 - 3,256.00 |
| Volume | 8,300,400 |
| Avg. Volume | 3,667,130 |
| Market Cap | 4.119T |
| Beta (5Y Monthly) | 0.92 |
| PE Ratio (TTM) | 8.21 |
| EPS (TTM) | 334.20 |
| Earnings Date | May 07, 2020 - May 11, 2020 |
| Forward Dividend & Yield | 136.00 (4.86%) |
| Ex-Dividend Date | Mar. 30, 2020 |
| 1y Target Est | 3,774.20 |
- Thomson Reuters StreetEvents
Edited Transcript of 8058.T earnings conference call or presentation 5-Feb-20 9:15am GMT
Q3 2020 Mitsubishi Corp Earnings Presentation
- Reuters
Trading house Mitsubishi voices concern over coronavirus impact
The death toll from the outbreak in China passed 490 on Wednesday as two U.S. airlines suspended flights to Hong Kong following the first fatality there and 10 cases were confirmed on a cruise ship quarantined in Japan. "In the short term, any impact on our business in China will be limited as our business in China is relatively small," CFO Kazuyuki Masu told a news conference.
- Reuters
Shell, Mitsubishi, Trafigura present bids for Ecuador oil contract - minister
Royal Dutch Shell , Mitsubishi Corp and Trafigura presented bids for a contract to lift some 20.2 million barrels of Ecuadorean crude between 2020 and 2023, the Andean country's energy minister told reporters on Tuesday. The country expects to pick a winner for the contract, which is expected to generate $950 million (£740.45 million) in export income for Ecuador, in the coming days, said the minister, Jose Agusto. Ecuador invited some 51 companies to participate in the auction, the first of its kind in more than a decade.
- Thomson Reuters StreetEvents
Edited Transcript of 8058.T earnings conference call or presentation 8-Nov-19 5:30am GMT
Q2 2020 Mitsubishi Corp Earnings Presentation
- Reuters
Japan's Mitsubishi beats Shell to buy Dutch power firm Eneco
A group led by Japan's Mitsubishi Corp will buy Eneco in a deal valuing the Dutch energy firm at 4.1 billion euros (3.5 billion pounds), Eneco said on Monday, beating off rival bids from Shell and private equity firm KKR . Eneco, a company owned by 44 Dutch municipalities and with a strong focus on renewable energy, said it had been swayed by Mitsubishi's plans to allow the company to continue its strategy and retain its corporate identity. The deal, backed by Eneco's boards and a committee representing shareholders, must still be approved early next year by the Dutch company's municipal investors.
- Reuters
Mitsubishi to shut Singapore oil-trading unit after unauthorised losses
TOKYO/SINGAPORE (Reuters) - Mitsubishi Corp , Japan's biggest trading group, said on Wednesday it would shut its Singapore-based crude oil and fuel trading unit after revelations in September that a trader there racked up enormous unauthorised trading losses. The unit, Petro-Diamond Singapore, will lose about 34.2 billion yen (£244.24 million) before taxes after closing the unofficial trading positions. Mitsubishi, Japan's biggest trading house by sales, said in September that a trader lost $320 million in unauthorised transactions in crude oil derivatives and that the matter had been reported to the police.
- Reuters
Mitsubishi sells Australian iron ore, rail project to Sinosteel
Mitsubishi Corp has handed over the full ownership of an iron ore expansion and rail and port infrastructure project in Western Australia to China's state-owned Sinosteel that has been slated to cost A$10 billion ($6.86 billion) to develop, the Japanese conglomerate said on Monday. The Japanese trading house divested all of subsidiary Crosslands Resources shares to Sinosteel unit Sinosteel Ocean Capital for an undisclosed sum, according to a statement from Mitsubishi. The project, which includes the mothballed Jack Hills iron ore mine, expansion project as well as a proposed rail and port facility, was once considered Australia's next big prospect for iron ore riches outside of the Pilbara, now the world's biggest export hub for iron ore.
- Reuters
Shell, Mitsubishi, KKR on Eneco auction shortlist - sources
Royal Dutch Shell , Japan's Mitsubishi Corp and private equity firm KKR have made the final round in an auction for Dutch utility Eneco, three sources close to the matter said. Eneco, estimated by analysts to be worth about 3 billion euros, aims to wrap up the process by Christmas. Royal Dutch Shell has teamed with Dutch pension fund manager PGGM while KKR has teamed with Dutch lender Rabobank, the sources said.
- Reuters
Ex Mitsubishi oil trader denies he hid trades - lawyer
The trader fired by Mitsubishi Corp for allegedly losing $320 million in unauthorised bets on the price of oil denied wrongdoing in a statement issued by a lawyer on Wednesday. Wang Xingchen, also known as Jack Wang, did not engage in unauthorised trades in crude oil derivatives at Petro-Diamond Singapore (PDS), a division of Mitsubishi, according to Joseph Chen, a Singapore-based lawyer who claimed to be working on Wang's behalf. "Our client's instructions are that the trades had been reviewed by PDS' financial team and the losses were not caused by him but by Mitsubishi's decisions," Chen said in a statement.
- Oilprice.com
‘Rogue’ Oil Trader Loses $320 Million In Massive Trading Bust
A rogue trader working for a Singapore-based subsidiary of Japanese trading giant Mitsubishi recently booked a $320 million loss after several unauthorized derivatives trades went sour
- Bloomberg
Gojek Chief Says on Track to Raise $2 Billion Before 2019’s End
(Bloomberg) -- Gojek is on track to raise $2 billion in its ongoing funding round before the end of the year, accelerating capital-raising to drive an expansion into mobile payments and food delivery.The ride-hailing giant has now handled about $1.5 billion of transactions outside of Indonesia, thanks to a budding expansion into the rest of Southeast Asia, President Andre Soelistyo told Haslinda Amin on Bloomberg Television. Backed by Google and Tencent Holdings Ltd., Gojek has rapidly grown an international business from scratch after setting up shop in countries like Singapore and Vietnam just nine months prior, he said.Gojek is trying to out-do Singapore-based Grab Holdings Inc. in the provision of a plethora of internet services that both companies hope to build into a coherent, all-purpose super-app. The Indonesian startup had raised about $1 billion from Tencent and others as of early 2019, but it remains on the hunt for capital. Amazon.com Inc. is said to be in talks to join the current round to bolster its presence in Southeast Asia, but Soelistyo declined to comment on potential backers. On Thursday, Grab co-founder Tan Hooi Ling said it will invest $150 million into artificial intelligence research, staffing and development over the next year to boost its own competing app and services.Read more: Grab Will Invest $150 Million in AI to Build Regional Super App“We can say now we’re not just an Indonesian company,” Soelistyo said in an interview at Bloomberg’s Sooner Than You Think conference in Singapore. Gojek is in “four countries and hopefully soon into six.”’Gojek debuted its app for hailing motorbike taxis in Jakarta in 2015. Since then, it’s evolved into a provider of ride-sharing services, food delivery and a digital wallet. It also offers a dozen other on-demand services such as house cleaning and medicine delivery.As part of the ongoing funding round, Gojek -- valued at $10 billion according to CB Insights -- had also secured investment from Visa Inc., Thailand’s Siam Commercial Bank Plc., Mitsubishi Motors Corp., Mitsubishi Corp. and Mitsubishi UFJ Lease & Finance Co. this year. The terms of those deals have not been disclosed.To contact the reporter on this story: Yoolim Lee in Singapore at yoolim@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, Edwin Chan, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Amazon in Talks to Invest in Indonesia’s Gojek
(Bloomberg) -- Amazon.com Inc. is in talks to make an investment in Indonesian ride-hailing giant Gojek, people familiar with the negotiations said, a move that could bolster the U.S. company’s presence in Southeast Asia.Amazon is one of the firms that have been negotiating with Gojek to join its ongoing funding round, according to the people, who asked not to be identified as the discussions are private. Under one scenario that has been considered, Amazon may make a meaningful investment for a slice of Indonesia’s most valuable startup, said one of the people. The talks may still fall apart or the terms may change.A Gojek representative declined to comment. Amazon couldn’t immediately be reached for comment outside of normal business hours. The Wall Street Journal earlier reported on the discussions.The move could mark Amazon’s most significant investment in Indonesia, one of the last frontiers of e-commerce. The Seattle-based retail giant took its first step into the region in 2017 when it entered Singapore with Amazon Prime Now. But in Indonesia, by far the region’s biggest and most promising market with 260 million people, it has no presence.By contrast, Chinese tech titans have made inroads into the region recently. Alibaba Group Holding Ltd. spent billions of dollars to acquire online shopping company Lazada Group and invested in homegrown Indonesian e-commerce companies Tokopedia PT and Bukalapak. Tencent Holdings Ltd. has backed Sea Ltd., whose mobile shopping unit Shopee is battling fiercely with Lazada.Gojek debuted its app for hailing motorbike taxis in Jakarta in 2015. Since then, the company has evolved into a “super app” -- part ride-sharing service, part food-delivery business and part digital-wallet provider. It also offers a dozen other on-demand services such as booking a cleaner and medicine delivery.As part of the ongoing Series F funding round, Gojek -- valued at $10 billion, according to CB Insights -- has secured investments from Visa Inc., Thailand’s Siam Commercial Bank Plc, Mitsubishi Motors Corp., Mitsubishi Corp. and Mitsubishi UFJ Lease & Finance Co. this year. The terms of those deals were not disclosed.Visa Invests in Go-Jek for Digital Payments in Southeast AsiaThose investments added to more than $1 billion Gojek secured in a previous funding round earlier this year.\--With assistance from Manuel Baigorri.To contact the reporters on this story: Yoolim Lee in Singapore at yoolim@bloomberg.net;Crystal Tse in Hong Kong at ctse44@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at pelstrom@bloomberg.net, ;Fion Li at fli59@bloomberg.net, Molly Schuetz, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Mitsubishi leads funding for off-grid power firm BBOXX's expansion
Japan's Mitsubishi Corp. was the lead investor in a $50 million (£40.7 million) funding round aimed at financing off-grid power company BBOXX's expansion in Africa and Asia, the British firm said on Wednesday. Mitsubishi joins a host of top investors, including European power utilities, that are exploring off-grid technology as a way of expanding their exposure to renewables and tapping new pools of customers. "The funding is further evidence of Japanese interest in Africa and in (pay-as-you-go) solar energy globally," BBOXX Chief Executive Mansoor Hamayun said in a statement.
- Thomson Reuters StreetEvents
Edited Transcript of 8058.T earnings conference call or presentation 1-Aug-19 8:00am GMT
Q1 2020 Mitsubishi Corp Earnings Presentation
- Bloomberg
Visa Invests in Go-Jek to Push Digital Payments in Southeast Asia
(Bloomberg) -- Visa Inc. has become the latest investor in ride-hailing giant Go-Jek as the two companies push digital payments across Southeast Asia.The world’s biggest payments network has invested an undisclosed amount in Go-Jek as part of the Indonesian company’s ongoing series F fundraising round, the two companies said Wednesday. The move follows Go-Jek’s announcement this month it had secured funding from Thailand’s Siam Commercial Bank Plc, Mitsubishi Motors Corp., Mitsubishi Corp. and Mitsubishi UFJ Lease & Finance Co. The terms of that deal were also not disclosed.Go-Jek, which debuted its app for hailing motorbike taxis in Jakarta in 2015, is expanding beyond Indonesia to cater to consumers across Southeast Asia, building an all-purpose consumer app similar to Tencent Holdings Ltd.’s WeChat in China. It’s valued at $10 billion according to CB Insights, and hosts more than 20 on-demand services on its platform from food delivery to digital payments.The two companies have “a shared goal to bring formal financial services to the unbanked and underserved, including micro, small and medium businesses,” Visa Regional President Asia Pacific Chris Clark said in a statement. “We will explore ways to leverage the power of Go-Jek and Visa’s networks to expand financial access in Southeast Asia.”Visa and Mastercard Inc. have teamed up with mobile startups in Southeast Asia in recent years, where the vast majority of transactions are still cash-based and the pace of adoption of digital payments is slow. Mastercard has partnered with Go-Jek rival Grab, while Visa has announced a partnership with gaming accessories maker Razer Inc.To contact the reporter on this story: Yoolim Lee in Singapore at yoolim@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Bloomberg
Go-Jek Snags Investment From Thailand's Largest Lender
(Bloomberg) -- Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank Pcl, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder, according to people familiar with the matter.It’s unclear how much Thailand’s biggest bank is investing in Go-Jek, the people said, who asked not to be identified because the matter is private. Their partnership will help Indonesia’s most valuable technology startup bolster its financial services, while Siam Commercial is counting on online growth to help increase revenue, they added.Southeast Asia’s banks are increasingly teaming up with technology firms that are getting onto their turf, offering financial services from digital payments to consumer loans. Thailand’s Kasikornbank Pcl has invested $50 million in Go-Jek’s rival, Grab, and the pair intend to establish a co-branded mobile wallet.Established over a century ago by royal charter, Siam Commercial Bank is Thailand’s oldest homegrown lender. It’s the latest to join Go-Jek’s ongoing series-F round, a term denoting late-stage financing.The startup has already raised over $1 billion as of the round’s first close, Bloomberg reported in February. Alphabet Inc.’s Google, JD.com Inc. and Tencent Holdings Ltd. invested alongside Provident Capital. This week, Go-Jek announced additional investment from Mitsubishi Motors Corp., Mitsubishi Corp. and Mitsubishi UFJ Lease & Finance Co. as part of the series F financing.Go-Jek, which debuted its app for hailing motorbike taxis in Jakarta in 2015, is expanding beyond Indonesia to cater to consumers across Southeast Asia, aiming to popularize an all-purpose consumer app similar to Tencent’s WeChat in China. It is valued at $10 billion according to CB Insights, and hosts more than 20 on-demand services on its platform from food delivery to cab-hailing.Representatives of the bank and Go-Jek declined to comment.To contact the reporters on this story: Yoolim Lee in Singapore at yoolim@bloomberg.net;Anuchit Nguyen in Bangkok at anguyen@bloomberg.netTo contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net, ;Tom Giles at tgiles5@bloomberg.net, Edwin Chan, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
Shell's lead in bidding for Dutch Eneco increases as Enel, Total drop out - sources
A domestic consortium set up by Royal Dutch Shell and pension fund manager PGGM has taken a bigger lead in the race for Dutch energy company Eneco as two other contenders have dropped out, sources close to the matter said. French oil and gas company Total SA and Italy's electricity giant Enel, which had teamed up with Dutch pension fund manager APG, have both dropped out of the process, said the source. One of the sources added that APG was now looking for a new partner.
- Thomson Reuters StreetEvents
Edited Transcript of 8058.T earnings conference call or presentation 13-May-19 10:59am GMT
Full Year 2019 Mitsubishi Corp Earnings Presentation
