TOKYO -- Mitsui & Co. is expected to post a 30% jump in net profit to around 400 billion yen ($3.52 billion) for the year ending in March thanks to rising resource prices and valuation gains from a stake in a Brazilian mining company.
The Japanese trading house is expected to upgrade its fiscal 2017 net profit forecast from the current 320 billion when announcing earnings for the April-September half on Thursday. A profit of 400 billion yen would mark Mitsui's highest-ever net figure under international accounting standards.
