Investing.com -- Mitsubishi Corp, a leading Japanese trading house, announced on Thursday its intention to invest a minimum of 4 trillion yen ($27 billion) in the coming three years.

The investment is part of the company’s strategy to drive growth and boost its net profit to 1.2 trillion yen by the 2027/28 fiscal year.

The company unveiled its new three-year management strategy this month, which includes maintaining its basic policy of progressive dividends and flexible share buybacks.

As part of this policy, Mitsubishi plans to buy back up to 1 trillion yen of its own shares from April 4 to March 31, 2026.

During the three-year period, Mitsubishi has allocated approximately 1 trillion yen for sustaining capital expenditure, with over 3 trillion yen going towards growth investments.

In a situation where the company has excess cash, it will evaluate the allocation of those funds to investments or additional shareholder returns, after considering its investment pipeline and other relevant factors, as stated in the company’s announcement.

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