TOKYO —

Seven major Japanese trading companies have reported heavy year-on-year declines in their group sales and profits in the April to September first half of fiscal 2009 due to plunges in resource prices and a car market slump. Their consolidated sales drops ranged from 20% to 40% as metal and energy sales plunged on sharp falls in prices of iron ore, crude oil and other resources. Their group net profit declines ranged from 40% to 80%.
   
Mitsui & Co, which announced its earnings report for the fiscal first-half Wednesday, said its group net profit in the period plunged 69.7% from a year earlier to 72.84 billion yen on 5.36 trillion yen in sales, down 40.3%. At Mitsubishi Corp, the largest of the seven companies, net profit declined 52.5% to 137.42 billion yen as sales dropped 38.8% to 8.07 trillion yen.

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  rajakumar at 05:21 PM JST - 5th November

  Hope Mitsui,Mitsubishi and 5 other Japan trading company,will get wiser and better in future decade of 2010s.

  Plenty of chances to make bigger impact globally for N225 companise and 7 trading companies in 2010s.

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