Metal Units of Major 5 Trading Firms Post Strong Results

Metal units of Japanese major 5 trading firm posted mixed results for April-June while the 5 firms posted higher sales from same period of 2006. Mitsui & Co.’s metal unit posted higher profit due to liquidation of the assets while Sumitomo Corporation’s metal unit posted higher profit with better trading. Metal units of Mitsubishi Corporation, Marubeni Corporation and Itochu Corporation posted lower profit. The metal units’ profit represented averaged 33.2% for the company profit. Mitsui’s metal units posted half of the company’s profit.