Japan’s Mitsubishi eyes first loss in its history in Q1
The company expects that they will post a net loss of JPY150 billion ($1.32 billion) in the first quarter of this year. The company’s President Ken Kobayashi attributed the loss to sharper than expected declines in commodity prices.
Some analysts commented that the company had been expected to book writedowns but that the size of the losses was bigger than forecasted.
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