TOKYO -- Soaring commodity prices are fattening the earnings of big Japanese trading houses, with Itochu and Mitsubishi Corp. both reporting record net profits for the fiscal year that ended in March. Uncertainties over the Ukraine war, however, loom over the traders' Russian business.
Commodities
Commodity price surge lifts profits at Mitsubishi, Itochu
Executives at big Japanese trading houses cagey on Russia operations
Despite strong earnings, executives with Japanese trading companies are cautious due to the Ukraine-Russia war. (Source photos by Kai Fujii, Reuters and Sakhalin Energy/Jiji)
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