Trading house Mitsubishi Corp. said Wednesday its group net profits in fiscal 2001 plunged 34.6 percent, primarily due to a 51.5 billion yen fall in securities sales.

Mitsubishi's consolidated net profits in the year to March 31 came to 60.23 billion yen, down from record profits of 92.11 billion yen logged the previous year.

Its per-share net profit shrank to 38.43 yen from 58.77 yen.