Mitsubishi Reports Strong First Half Profit

TOKYO (Reuters) – Japanese trading house Mitsubishi posted a net profit of 618 billion yen ($4 billion) for the six months to September, marking a 33% increase from the previous year, driven by a lower yen and divestments.

In the same period last year (April-September), the company reported a net profit of 466 billion yen. Mitsubishi maintained its net profit forecast for the fiscal year ending in March at 950 billion yen.

(Note: $1 = 152.3600 yen)