The Japanese Defense Industry - Competitive Landscape and Strategic Insights to 2016: Market Profile
- Published: May 2012
- Region: Japan
Five of Japan's six major general trading companies (GTCs) rated by Standard & Poor's Ratings Services boosted profits substantially in the first half of fiscal 2010 (April 1, to Sept. 30, 2010). A rise in resource commodities prices, as well as a recovery in demand in Asian markets, fueled the profit increases. 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. (A-/Stable/A-2), Marubeni Corp. (BBB/Stable/--), and Sojitz Corp. (BBB-/Stable/--). Sojitz would also have seen a profit increase if extraordinary factors such as gains on sales of marketable securities, which were booked in the previous year, were excluded. In the first half of fiscal 2010, prices of resource and energy commodities bounced...
Companies mentioned in this report are: Mitsubishi Corp.,Mitsui & Co. Ltd.,Sumitomo Corp.,Marubeni Corp.,ITOCHU Corp.,Sojitz Corp.
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Research Type: Commentary
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Mitsubishi Corp.,Mitsui & Co. Ltd.,Sumitomo Corp.,Marubeni Corp.,ITOCHU Corp.,Sojitz Corp.