Warren Buffett-Backed Mitsubishi Hits Record High After Announcing $3.4B Share Buyback Plan
Warren Buffett-Backed Mitsubishi Hits Record High After Announcing $3.4B Share Buyback Plan
Japan's leading trading company, Mitsubishi Corp (OTC:MSBHF), has seen its shares soar to an all-time high following its announcement of a massive share buyback plan.
日本領先的貿易公司三菱商事（場外交易代碼：MSBHF）在宣佈大規模股票回購計劃後，其股價飆升至歷史新高。
What Happened: On Wednesday, Warren Buffett-Backed Mitsubishi's Tokyo-listed shares hit a record high of 2,812.5 yen ($24.24), marking an 11% increase from the previous day. This surge came after the company declared its intention to repurchase shares worth 500 billion yen ($3.4 billion), Reuters reported.
發生了什麼：週三，禾倫·巴菲特支持的三菱在東京上市的股票創下2,812.5日元（合24.24美元）的歷史新高，較前一天上漲了11％。路透社報道，這種激增是在該公司宣佈打算回購價值5000億日元（合34億美元）的股票之後發生的。
The buyback, combined with an earlier repurchase and an annual dividend, is expected to result in a total shareholder return of 94% for the fiscal year ending in March. Analysts at Jefferies predict that Mitsubishi could potentially return an additional 500 billion yen to shareholders by the end of March 2025, if the company does not identify attractive acquisition targets.
此次回購，加上先前的回購和年度分紅，預計將使截至3月的財年的股東總回報率爲94％。傑富瑞分析師預測，如果三菱沒有確定有吸引力的收購目標，到2025年3月底，三菱有可能向股東額外返還5000億日元。
"If the company does not find attractive acquisition targets, we think that management would release the excess cash back to shareholders," Jefferies note said.
傑富瑞報告稱：“如果公司找不到有吸引力的收購目標，我們認爲管理層將向股東發放多餘的現金返還。”
The company's CEO, Katsuya Nakanishi, hinted at potential future investments in the United States, a market he views as promising due to its high energy and food self-sufficiency. However, the outcome of the U.S. election could impact these plans.
該公司首席執行官中西克也（Katsuya Nakanishi）暗示了未來在美國的潛在投資，由於其高能源和糧食自給自足，他認爲該市場前景光明。但是，美國大選的結果可能會影響這些計劃。
Despite the Nikkei index's 0.20% dip, Mitsubishi's performance on Wednesday was second only to GS Yuasa Corp (OTC:GYUAF), which saw a nearly 20% increase.
儘管日經指數下跌了0.20％，但三菱週三的表現僅次於湯淺公司（場外交易代碼：GYUAF），後者上漲了近20％。
As of June 2023, Berkshire Hathaway held 8.3% of Mitsubishi's stock.
截至2023年6月，伯克希爾·哈撒韋公司持有三菱8.3％的股票。
Why It Matters: Mitsubishi's record-high share buyback plan comes on the heels of its strong financial performance. The company posted a record net profit last year, driven by a surge in commodity prices following Russia's invasion of Ukraine.
爲何重要：三菱創紀錄的股票回購計劃是在其強勁的財務表現之後發佈的。受俄羅斯入侵烏克蘭後大宗商品價格飆升的推動，該公司去年公佈了創紀錄的淨利潤。
The company in September decided to cease automobile production in China, a move attributed to the rising popularity of electric vehicles and strong local brands.
該公司在9月份決定停止在中國的汽車生產，此舉歸因於電動汽車和強大的本土品牌越來越受歡迎。
Notably, Mitsubishi's decision to allocate its surplus cash to shareholders is in line with the trend of Japanese companies becoming more cautious about overseas investments. This shift is attributed to the possibility of policy changes under a new U.S. administration, as evidenced by Donald Trump's pledge to block Nippon Steel Corp's (OTC:NPSCY) planned purchase of United States Steel Corp (NYSE:X).
值得注意的是，三菱決定將其盈餘現金分配給股東，這符合日本公司對海外投資變得更加謹慎的趨勢。這種轉變歸因於美國新政府領導下可能發生政策變化，唐納德·特朗普承諾阻止新日鐵公司（場外交易代碼：NPSCY）計劃收購美國鋼鐵公司（紐約證券交易所代碼：X）就證明了這一點。
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