TOKYO, Nov 4 (Reuters) -
Japanese trading house Mitsubishi Corp ( MSBHF ) reported a
six-month net profit of 356 billion yen ($2.4 billion) on
Tuesday, down 42% from last year, due to a weaker Australian
steelmaking coal business and the absence of capital gains.
The company, in which Berkshire Hathaway ( BRK/A ) holds
a stake, kept its net profit forecast for the fiscal year ending
March unchanged at 700 billion yen.
Mitsubishi ( MSBHF ), a shareholder with Russia's Sakhalin-2 liquefied
natural gas project, would continue discussions with the
Japanese government and partners regarding its stake in the
asset, Chief Executive Katsuya Nakanishi said.
The U.S. last month
urged
Japan, along with other Russian energy buyers, to stop
imports, as it pushes the Kremlin towards ending the war in
Ukraine. Japan's long-term contracts with Sakhalin-2 cover about
9% of its LNG imports.
Major Japanese utilities
can
secure supplies elsewhere, from existing contracts to the
spot market, in an event of a supply halt, executives said last
week. Most of Japan's Sakhalin-2 supply contracts expire between
2028 and 2033.
($1 = 150.7800 yen)