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Trading giant Mitsubishi projects first net loss since founding

2016-03-24 14:19:41| Grocery - Topix.net

Mitsubishi Corp., the nation's largest trading house, expects a net loss of A 150 billion in fiscal 2015 - its first loss since it was established in 1954 and a setback from the A 400.5 billion in net income logged the previous year. The Tokyo-based trader also expects to book an impairment charge of A 430 billion on its commodities business for the 12 months ending March 31, according to a regulatory statement.

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