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Mitsubishi Corporation (MSBHF)
- Reuters
Mitsubishi raises profit forecast on higher coal, LNG prices
Mitsubishi Corp on Tuesday raised its full-year net profit forecast by 21% to a record 1.03 trillion yen ($7 billion), amid strength in metals and energy segments thanks to higher prices of coking coal and liquefied natural gas (LNG). Like global energy companies, Japanese trading houses have benefited from surging oil, gas and coal prices this year in the wake of Russia's invasion of Ukraine. Mitsubishi boosted its profit outlook for the year to March 31 to over 1 trillion yen from its May estimate of 850 billion yen.
- Bloomberg
Nidec Elevates Kobe as Seki, Once Seen as Next CEO, Resigns
(Bloomberg) -- Japanese electric-motor giant Nidec Corp. named Vice Chairman Hiroshi Kobe as new chief operating officer and president, putting him in line to potentially succeed founder Shigenobu Nagamori, who has struggled to share control of the company. Most Read from BloombergRussia Privately Warns of Deep and Prolonged Economic DamageIndian Billionaire Closes In on Bezos With 1,000% Stock SurgeEnergy Trading Stressed by Margin Calls of $1.5 TrillionUkraine Latest: US Says Russia Seeks Muni
- Bloomberg
Ukraine Latest: Nuclear Agency Chief Vows Trip to Seized Plant
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