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.
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.
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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
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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