Japan Trading Houses Expect Profit Growth on High Prices
Major Japanese trading firms expect higher profits as the conflict in Iran keeps commodity prices elevated. Domestic utilities warn of rising energy costs.
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Xurve View
Japan trading houses expect record profits for the current fiscal year as the United States-Israel war on Iran drives commodity prices higher. MARUBENI CORP and MITSUI & CO LTD forecast net profit increases of 6.6% and 10% respectively for the period ending March. The divergence between resource-heavy traders and energy-dependent utilities highlights Japan's exposure to Middle Eastern supply chain disruptions.
