/ May 9, 2016

Sumitomo Corp. misses profit target, warns of uncertainty

Sumitomo Corp. warned that its business outlook is becoming more uncertain after missing its full-year profit target due to widening impairments on its resources investments. The Tokyo-based trading house said net income in the year through March was ¥74.5 billion, below the ¥100 billion it ...

Mar 15, 2016

Japanese trading firms seen boosting their presence in Myanmar

Major Japanese trading houses are expanding their operations in Myanmar ahead of the incoming government lead by Aung San Suu Kyi at the end of this month. Mitsui & Co. and Marubeni Corp. both have launched projects to produce agricultural fertilizers locally, while Mitsubishi Corp., ...

Mitsui CEO eyes food, retail amid profit slump

/ May 20, 2015

Mitsui CEO eyes food, retail amid profit slump

Mitsui & Co., the nation's top oil trader, is expanding its focus beyond raw materials as its incoming CEO contends with an expected 22 percent decline in profit this year. As much as 80 percent of Mitsui's profit comes from such areas as iron ore, ...

/ Mar 4, 2015

Itochu selling China Food unit to Asahi group

Itochu Corp. has agreed to sell a Chinese food unit to Asahi Group Holdings Ltd., as the trading house seeks to raise funds ahead of its planned $5 billion investment in Citic Ltd. and to maintain its profit forecasts. Japan's third-largest trading house will sell ...

Traders gear up for U.S. shale gas

Apr 1, 2013

Traders gear up for U.S. shale gas

Japan's top trading firms are stepping up preparations to import shale gas from the United States, a move expected to ease skyrocketing procurement costs for liquefied natural gas driven by Tokyo's verbal bludgeoning of the yen. Lower LNG costs will help curb electricity rates that ...