
Mitsui's Money Magic Trick: Profits Pull a Disappearing Act
Key Points
- Mitsui & Co. saw a 15% drop in annual profit to 780 billion ...
Well folks, it seems even Japanese trading giants can't escape the cosmic comedy of commodity markets! Mitsui & Co., that heavyweight champion of resource trading, just revealed their yearly profit numbers, and let's just say their accountants aren't exactly popping champagne bottles.
Iron-y of the Situation
The numbers tell a tale that would make any CFO need a stiff drink: annual net profit plunged 15% to 780 billion yen, significantly below the analysts' rosy predictions of 913.6 billion yen. Those market wizards with their crystal balls? Not so magical after all.
Commodity Chaos:...
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