financetom
Business
financetom
/
Business
/
Japan's Mitsubishi annual profit down 1%, misses forecasts
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japan's Mitsubishi annual profit down 1%, misses forecasts
May 25, 2025 11:59 PM

TOKYO (Reuters) - Japanese trading house Mitsubishi Corp ( MSBHF ) on Friday posted 950.7 billion yen ($6.54 billion) in net profit for the year ended in March, down 1.4% from a year ago and slightly missing forecasts.

An LSEG poll of analysts had expected Mitsubishi ( MSBHF ) to post 957.1 billion yen in net profit. The company forecasts profit for the year ending next March at 700 billion yen.

($1 = 145.3100 yen)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AMD to Sell ZT Systems' Data Center Infrastructure Business to Sanmina for $3 Billion
AMD to Sell ZT Systems' Data Center Infrastructure Business to Sanmina for $3 Billion
May 26, 2025
07:59 AM EDT, 05/19/2025 (MT Newswires) -- Advanced Micro Devices ( AMD ) said Monday it has signed a definitive agreement to sell ZT Systems' data center infrastructure manufacturing business to Sanmina ( SANM ) in a cash-and-stock transaction valued at $3 billion. The consideration includes a contingent payment of up to $450 million and is subject to customary adjustments...
Rocket Lab Launches Third Mission For Japan's iQPS
Rocket Lab Launches Third Mission For Japan's iQPS
May 26, 2025
Rocket Lab USA, Inc. ( RKLB ) on Saturday successfully conducted its third mission for the Japanese customer, Institute for Q-shu Pioneers of Space, Inc. (iQPS). The ‘The Sea God Sees’ mission launched on Electron from Rocket Lab Launch Complex 1 in Mahia, New Zealand, at 8:17 p.m. NZT on May 17, 2025. This mission delivered iQPS’ QPS-SAR-10, a synthetic...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
ManpowerGroup Launches New AI HR Hub in Paris
ManpowerGroup Launches New AI HR Hub in Paris
May 26, 2025
07:57 AM EDT, 05/19/2025 (MT Newswires) -- ManpowerGroup ( MAN ) said Monday it has launched its new artificial intelligence HR hub in Paris. The new hub will also partner with AI startups and research institutions for public-private collaborations, the company added. The company will invest more than 200 million euros ($225.3 million) in innovation projects and training over the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved