Mitsui Sugar and Mitsui & Co. to buy Singapore firm for Southeast Asia and Middle East expansion
Leading sugar producer Mitsui Sugar Co. and trading house Mitsui & Co. will acquire a full stake in a Singapore sugar vendor for about $100 million to cash in on growing demand for sweeteners in Southeast Asia and the Middle East. Mitsui Sugar and its ...
Japan's trading houses on the prowl as record earnings boost investment appetite
Domestic trading houses are scouting for assets as they enjoy their best profit outlook in six years, driven by higher prices for commodities from metals and coking coal to oil and natural gas. Equipped with a nearly $50 billion (¥5.3 trillion) war chest, trading houses ...
Trading house Mitsui & Co. said on Wednesday it has reached an agreement to acquire a 40 percent stake in a British rail franchise from a subsidiary of the Dutch national railway. Both Mitsui and Abellio Transport Group Ltd., a wholly owned subsidiary of the ...
Japan experiencing budding startup wave as fundraising environment improves
A wave of startups is emerging in famously risk-averse Japan as cash-rich corporations increasingly delegate the task of keeping pace with technologies such as artificial intelligence and robotics to smaller, nimbler businesses. Japan has been dry ground for startups, given the shame that entrepreneurs and ...
Pakistan says Japan's biggest trading houses are among almost two dozen companies eyeing its liquefied natural gas purchase tender that it says is the largest on record. Mitsubishi Corp., Mitsui & Co. and Marubeni Corp., have expressed interest in the LNG order, which was announced ...
Mitsui's Indian home shopping partner plans push to dominate market
With e-commerce and TV shopping gaining traction in India, Naaptol Online Shopping Pvt. Ltd. is looking to expand further by leveraging partner Mitsui & Co.'s experience in home shopping, top company officials say. "Our TV shopping business currently attends around 200,000 calls a day from ...
Energy rout fells Japan's venerated 'Big Three' trading giants
The energy price collapse is doing in Japan what the Great Depression and two world wars couldn't: put an end to a century of dominance by its three most prestigious companies. The trading house descendants of Mitsubishi, Mitsui and Sumitomo, which have dominated the nation's ...
Japan's trading houses trying to beat U.S. to Cuba
Japan's largest trading houses are positioning themselves in Cuba before any easing of U.S. sanctions, seeking opportunities in infrastructure, resources and automobiles as Havana emerges from near-isolation. Mitsubishi Corp., the nation's largest trader, opened an office this month in Havana and is currently researching potential ...
Commodity rout cuts ¥970 billion from Japan's major trading houses
The nation's biggest trading companies, stalwarts of the economy, expect to book combined writedowns of at least ¥970 billion ($8.6 billion) as ill-timed investments in commodities ranging from shale gas to copper mines erode profitability. The writedowns for the year ending March underscore the predicament ...
Trading giant Mitsubishi projects first net loss since founding
Mitsubishi Corp., the nation's largest trading house, expects a net loss of ¥150 billion in fiscal 2015 — its first loss since it was established in 1954 and a setback from the ¥400.5 billion in net income logged the previous year. The Tokyo-based trader also ...
Mitsui & Co., the nation's second-biggest trading house, has lowered its full-year forecast 21 percent amid a collapse in commodity prices. The company expects a profit of ¥190 billion in the financial year to March, down from its previous forecast of ¥240 billion, according to ...
Mitsui, GE sign cost-cutting mining pact as prices tumble
Mitsui & Co., Japan's largest trader of iron ore and oil, will partner with General Electric Co. in exploring ways to cut costs on mining operations amid the decline in commodity prices. The initial accord will also study potential cooperation on increasing efficiencies and improving ...
