Japan's Marubeni targets second year of record profit on asset gains
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Japanese trading house Marubeni forecasts a net profit of 580 billion yen ($3.7 billion) for the current fiscal year, marking a 6.6% increase and a record for the second consecutive year. The profit is expected to be driven by its energy, chemicals, metals, and mineral resources sectors. Last fiscal year, Marubeni reported an 8.1% rise in net profit to a record 543.9 billion yen, supported by gains in finance, leasing, real estate, and food and agriculture.
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