TOKYO, May 2 (Reuters) - Japanese trading house
Mitsubishi Corp ( MSBHF ) forecast on Friday its net profit for
the year ending March would fall 26% to 700 billion yen ($4.82
billion), citing the absence of major capital gains.
Mitsubishi ( MSBHF ) posted 950.7 billion yen in net profit for the
year ended in March, down 1.4% from a year ago and slightly
missing an LSEG poll of analysts that had estimated an average
profit of 957.1 billion yen. This year's profit forecast is also
below analysts' expectations of 747 billion yen.
Warren Buffett's Berkshire Hathaway ( BRK/A ), a large
minority shareholder in Mitsubishi ( MSBHF ), has been expanding its stake
in the company as well as in other Japanese trading houses
including Marubeni ( MARUF ) and Sumitomo Corp. ( SSUMF )
($1 = 145.3000 yen)
(Reporting by Katya Golubkova; Editing by Sonali Paul and
Muralikumar Anantharaman)