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Mitsui expects ¥89B profit in fiscal Q2'18 after Vale's restructuring

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Mitsui expects ¥89B profit in fiscal Q2'18 after Vale's restructuring

Mitsui & Co. Ltd. expects a posttax profit of ¥89 billion for the second quarter of its fiscal year ending March 31, 2018, based on Vale SA's acquisition of its holding company, Valepar SA.

The company, which holds a stake in Vale, said Aug. 15 that it will revise the full-year guidance released previously, as it does not include the financial impact of the transaction.