Japan's Mitsubishi to post first net loss -Nikkei
TOKYO, March 24 (Reuters) - Japanese trading house Mitsubishi Corp is likely to post its first group net loss of more than 100 billion yen ($890.08 million) in the business year ending March 31, hurt by swelling impairment losses due to the commodities slump, the Nikkei business daily said on Thursday.
The company's impairment losses from such projects as a Chilean copper concession and a liquefied natural gas stake in Australia are expected to total around 400 billion yen and the company is expected to downgrade its annual forecasts as early as Thursday, the report said. ($1 = 112.3500 yen) (Reporting by Osamu Tsukimori; Editing by Chris Reese)
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