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.
日本领先的贸易公司三菱商事（场外交易代码：MSBHF）在宣布大规模股票回购计划后，其股价飙升至历史新高。
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.
发生了什么：周三，沃伦·巴菲特支持的三菱在东京上市的股票创下2,812.5日元（合24.24美元）的历史新高，较前一天上涨了11％。路透社报道，这种激增是在该公司宣布打算回购价值5000亿日元（合34亿美元）的股票之后发生的。
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.
此次回购，加上先前的回购和年度分红，预计将使截至3月的财年的股东总回报率为94％。杰富瑞分析师预测，如果三菱没有确定有吸引力的收购目标，到2025年3月底，三菱有可能向股东额外返还5000亿日元。
"If the company does not find attractive acquisition targets, we think that management would release the excess cash back to shareholders," Jefferies note said.
杰富瑞报告称：“如果公司找不到有吸引力的收购目标，我们认为管理层将向股东发放多余的现金返还。”
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.
该公司首席执行官中西克也（Katsuya Nakanishi）暗示了未来在美国的潜在投资，由于其高能源和粮食自给自足，他认为该市场前景光明。但是，美国大选的结果可能会影响这些计划。
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.
尽管日经指数下跌了0.20％，但三菱周三的表现仅次于汤浅公司（场外交易代码：GYUAF），后者上涨了近20％。
As of June 2023, Berkshire Hathaway held 8.3% of Mitsubishi's stock.
截至2023年6月，伯克希尔·哈撒韦公司持有三菱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.
为何重要：三菱创纪录的股票回购计划是在其强劲的财务表现之后发布的。受俄罗斯入侵乌克兰后大宗商品价格飙升的推动，该公司去年公布了创纪录的净利润。
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.
该公司在9月份决定停止在中国的汽车生产，此举归因于电动汽车和强大的本土品牌越来越受欢迎。
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，三菱决定将其盈余现金分配给股东，这符合日本公司对海外投资变得更加谨慎的趋势。这种转变归因于美国新政府领导下可能发生政策变化，唐纳德·特朗普承诺阻止新日铁公司（场外交易代码：NPSCY）计划收购美国钢铁公司（纽约证券交易所代码：X）就证明了这一点。
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