Japan's ITOCHU chemical segment year-to-March profit falls 39%

08 May 2013 09:45  [Source: ICIS news]

TOKYO (ICIS)--ITOCHU Corp’s energy and chemicals segment posted a 39% year-on-year fall in full-year net profit to yen (Y) 23.1bn ($233m), the Japanese trading firm said on Wednesday.

Gross profit for the segment for the year ended 31 March 2013 rose by 6% to Y165bn, while trading transactions increased by 12% to Y5,358bn.

Full-year net profit in the metals and minerals segment fell by 42% year on year to Y82.5bn, while gross trading profit declined by 35% to Y79.5bn.

ITOCHU Corp’s overall net profit for the full year was down by 6.7% to Y280.3bn from the previous year, while “trading income,”or operating profit, decreased by 10% to Y244.2bn.

($ = Y99)

By: Tomomi Yokomura
+65 6780 4359

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