Reported 2 months ago
Japanese trading companies Mitsui and Mitsubishi reported significant increases in their net profits for Q1, with Mitsui's profit rising 9.2% to 276.1 billion yen and Mitsubishi's climbing 12% to 354.4 billion yen. The profit boosts were attributed to asset sales, including two metallurgical coal mines sold by Mitsubishi and various machinery and infrastructure assets sold by Mitsui, alongside favorable exchange rates due to a weaker yen. Both companies maintained their annual profit forecasts.
Source: YAHOO