Reported 4 months ago
Mitsubishi Corp. has announced that it expects its net profit for the fiscal year ending in March to decline by 26% to 700 billion yen ($4.82 billion), attributing this drop to a lack of significant capital gains. Last year, the company reported a profit of 950.7 billion yen, representing a slight decrease while also falling short of analyst expectations. Berkshire Hathaway, a major shareholder in Mitsubishi, has been increasing its investments in the company and other Japanese trading houses.
Source: YAHOO