Mitsubishi Continues Large Buyback As Valuation And Cash Flow Questions Linger

Mitsubishi Corporation is continuing its substantial share repurchase program into early 2026, reflecting active use of its approved large-scale buyback plan. This action can increase earnings per share and concentrate ownership. However, the company's debt is not well covered by operating cash flow, which is a major risk. The stock is currently trading at a P/E of 23.8x, significantly above the industry average of 11.4x, and analysts' price targets suggest it is overvalued.