As a major trading company, the financial results for the three months up to June have been completed, and while the economies of the United States and China, which had been depressed due to the corona disaster, are recovering, the demand for resources such as iron ore has increased and prices have risen. The final profits of each company increased significantly from the same period last year.
The group-wide financial results for the three months from April to June, announced by seven major trading companies, all showed a significant increase in final profits from the same period last year.
The rate of increase in profits is 2.5 times for Itochu, 3 times for Mitsui, 5.1 times for Mitsubishi, 1.9 times for Marubeni, 4.2 times for Toyota Tsusho, and 7.1 times for Sojitz.
In addition, Sumitomo Corporation, which fell into a final deficit of 41 billion yen at the same time last year, turned into a surplus of more than 100 billion yen.
This is because the economies of the United States and China, which had been depressed due to the corona disaster, recovered, demand for resources such as iron ore and copper increased, prices rose, and automobile-related businesses boosted profits. It is due to.
Mitsui and Sumitomo Corporation have revised their earnings outlook for the year ending March next year upward in response to rising resource prices, of which Mitsui's final profit has increased by 180 billion yen from the initial forecast to 640 billion. It is said that it will rise to the yen and reach a record high.
Takakazu Uchida, Vice President of Mitsui & Co., Ltd., who met online, said, "We will continue to pay attention to the re-expansion of the new coronavirus and strive to expand our business."