Mitsui & Co. Profit for the year ending March 31, 2018: 54% decrease New corona impact May 1: 18:23
A major trading company, Mitsui & Co., Ltd., has announced that the final profit for the entire group this year will be ¥ 180.0 billion, which is 54% less than the previous year. The main reason is the decline in resource prices of crude oil and iron ore due to the spread of new coronavirus infection.
According to Mitsui's earnings forecast for this fiscal year, the final profit for the entire group is expected to be ¥ 180.0 billion, which is 54% less than in the previous fiscal year.
The reason is that the company said that due to the spread of the new coronavirus infection, the prices of resources such as crude oil, gas, and iron ore have fallen sharply, and the demand for automobiles has fallen globally.
However, we assume that this forecast was calculated on the assumption that the impact of the spread of infection will recover from the latter half of this fiscal year.
On the other hand, according to the financial results for the past year announced last year, the final profit was 391.5 billion yen, 5.5% less than the previous year.
President Tatsuo Yasunaga said at the financial statement, "The flow of people and logistics were cut off due to the spread of infection, and the demand for energy was also evaporated. I think it is necessary to fundamentally reassess the business such as the development of. "