Trading house Marubeni Corp. said Wednesday it will dissolve three subsidiaries in Japan and overseas to streamline its operations.
The three units, to be dissolved by March 31, are a food service company based in Kyoto, an investment company for startups based in the United States and a distribution firm based in Germany, it said.
Marubeni said the dissolution of the three will likely have little effect on its earnings for this business year.
In its revised group earnings forecast for the first half that ended Sept. 30, Marubeni said it expects a net profit of 2.5 billion yen, unchanged from a projection in May, on revenue of 4.5 trillion yen, revised upward from 4.3 trillion yen.
The company will pay no interim dividend for the half-year, it said.