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 of ¥180 billion, and an operating profit of ¥120 billion, down from ¥130 billion projected on Feb. 5. The company maintained its sales estimate at ¥12.5 trillion.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see this support page.
We humbly apologize for the inconvenience.
In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.
SUBSCRIBE NOW
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.