Marubeni has a deficit of more than 190 billion yen, and it has been affected by the new coronavirus.
Marubeni, a major trading company, reported a large loss in the fiscal year ended March 31, resulting in a record loss of more than 190 billion yen, which was a record high.
Marubeni announced on the 7th, and in the financial results of the entire group for one year until March, due to the spread of new coronavirus infection, global economic activity has stagnated, and the crude oil price has dropped sharply. In total, we recorded a loss of over 400 billion yen.
As a result, the final loss was 197.4 billion yen.
Marubeni has been in the red for the first time in 18 years, making it the largest deficit ever.
Masumi Kakiki said in a news conference via the internet, "We see that the V-shaped recovery of the global economy is difficult and the recovery will be long like the" L-shaped. "Future investments will be carefully selected more carefully than ever." He acknowledged that recovery of the global economy will take a considerable amount of time even after the spread of infection has ended.
On the other hand, regarding the business results for the current fiscal year, we expect to secure a surplus of 100 billion yen in the final profit and loss.