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Profitability At Japan's Major Traders Remains Strong, Backed By Diverse Revenue Streams And High Margins: S&P Report Aug 10
Standard & Poors, August 2010
TOKYO (Standard & Poor's) Sept. 1, 2010--The profitability of Japan's trading companies remains strong, backed by their diversified revenue sources and relatively high profit margins in their core businesses, Standard & Poor's Ratings Services said in a Japanese-language report published today. The six major general trading companies (GTCs) rated by Standard & Poor's have generally maintained strong earnings bases in Japan and overseas. They have extensively developed their resource businesses, dealing with mining of crude oil, gas, coal, iron ore, and copper. At the same time, they have also developed their non-resource businesses, such as automobiles, steel products, food, and power projects. The major Japanese GTCs are Mitsubishi Corp. (A+/Stable/A-1), Mitsui & Co. Ltd. (A+/Negative/A-1), Sumitomo Corp. (A/Stable/A-1), ITOCHU Corp....
Companies mentioned in this report are: Mitsubishi Corp.,Mitsui & Co. Ltd.,Sumitomo Corp.,Marubeni Corp.,ITOCHU Corp.,Sojitz Corp.
Action: General Comment
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Research type: News
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Mitsubishi Corp.,Mitsui & Co. Ltd.,Sumitomo Corp.,Marubeni Corp.,ITOCHU Corp.,Sojitz Corp.