E-Tools

Japanese trading houses post record first-half net profits NHK

Most of Japan's major trading houses have posted record net profits for the first-half of the fiscal year. This is due to higher prices of natural resources and the rapid depreciation of the yen.

Mitsubishi logged a record net income of 720 billion yen, or 4.9 billion dollars, in the April-to-September period. That's almost double the figure from a year earlier.

The company also upgraded its forecast for the whole year through next March. Mitsubishi now expects a record profit of just over one trillion yen, or about seven billion dollars.

Mitsui was among the other leading trading houses to book record net profits. Its six-month figure came in at 539 billion yen, or 3.7 billion dollars.

Itochu was the only major firm to not report a record number, with the company posting its second-highest first-half figure.
Summary
Japan's major trading companies, including Mitsubishi, Mitsui, and Itochu, reported record net profits for the first-half of the fiscal year. This is attributed to increased natural resource prices and the yen's rapid depreciation. Mitsubishi achieved a net income of 720 billion yen, more than
Statistics

137

Words

1

Read Count
Details

ID: 062a6595-46d3-4be4-a745-a2f7d74559f6

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20221109_32/

Date: Nov. 9, 2022

Created: 2022/11/09 19:34

Updated: 2025/12/09 11:47

Last Read: 2022/11/09 19:50