Oct 19, 2016

Some Japan trading houses eye resuming Iran oil imports: sources

Japanese traders including Marubeni Corp. and Sumitomo Corp. that stopped buying Iranian oil during western sanctions are looking to resume imports, potentially by year-end, industry sources said. Conservative Japanese firms have so far held off taking Iranian crude due to a lack of internationally ...

Apr 19, 2016

Marubeni cuts fiscal 2015 profit outlook on commodities plunge

Marubeni Corp. on Monday cut its profit outlook for the year through March as the trading house booked losses totaling ¥120 billion due mainly to tumbling commodity prices. Marubeni now expects a group net profit of ¥60 billion, sharply down from its earlier estimate ...

Osaka Gas may pull out of Marubeni thermal power project

Dec 21, 2015

Osaka Gas may pull out of Marubeni thermal power project

Osaka Gas Co. may pull out of a thermal power project planned with Marubeni Corp. amid signs of nuclear restarts and increasing calls to reduce carbon dioxide from power generation. The Osaka-based company is considering giving up on its participation in the project in ...

Aug 11, 2014

Marubeni, Toyota Tsusho to build gas-fired power plant in U.S.

Trading houses Marubeni Corp. and Toyota Tsusho Corp. said Monday they will join hands to build a gas-fired power plant in Maryland. The plant will have a power generating capacity of 725,000 kilowatts and construction is scheduled to start later this month, with commercial ...

Apr 26, 2013

China slaps conditions on Marubeni's Gavilon deal

Marubeni Corp.’s plan to acquire U.S. commodities trader Gavilon Holdings LLC is acceptable as long as the two companies keep their soybean operations for China separate, the Chinese Ministry of Commerce said. The ministry said Wednesday that the acquisition could help Marubeni increase its ...

Aeon to take over Daiei in bid for dominance

Mar 31, 2013

Aeon to take over Daiei in bid for dominance

Aeon Co. announced Wednesday it will increase its stake in Daiei Inc. to turn the smaller superstore chain into a subsidiary, creating a massive retailing group that will have combined sales in excess of ¥6 trillion. Aeon, which owns a 19.9 percent stake in ...