Business / Corporate May 7, 2020

Marubeni incurs record net loss

Marubeni Corp. on Thursday reported a record net loss for the year that ended in March as it booked impairment losses in a wide range of businesses due to the coronavirus pandemic that sent commodities prices tumbling. The Japanese trading house swung to a consolidated ...

U.S.-China trade spat will affect Marubeni, new boss says

Business / Corporate May 20, 2019

U.S.-China trade spat will affect Marubeni, new boss says

Higher U.S. tariffs on Chinese products are expected to affect Marubeni Corp., Masumi Kakinoki, president and chief executive officer of the major trading house, said in a recent interview. "Japan will be affected for sure and so will Marubeni to some extent," said Kakinoki, who ...