TOKYO: Mitsubishi Corp, Japan’s biggest trading house, reported a slight 3.2% rise in annual profit yesterday after booking losses on stock holdings but, like other trading firms in the country, the company said it expected a better year ahead.
Revenues of Mitsubishi and other trading houses – once symbols of Japan’s economic might and known for handling everything from satellites to instant noodles – have been stagnant for years as a result of weakness in key markets.
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