Mitsubishi Corp. is shifting growth away from its energy and mining-related businesses after being stung by the metals and oil collapse that led it to forecast its first-ever annual loss on a group basis.

Takehiko Kakiuchi, the newly appointed chief executive officer, said he will focus Japan’s biggest trading house toward nonresource businesses, from agricultural machinery and industrial finance to automobiles and salmon farming. The company expects writedowns of as much as ¥430 billion, primarily on its commodities businesses.

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