Japan's Marubeni Q1 net profit up 8% y/y, beats forecast
01/08/2025 03:04
TOKYO, Aug 1 (Reuters) - Japanese trading house Marubeni 8002.T on Friday posted 154.4 billion yen ($1 billion) in net profit for the quarter ended on June 30, up 8% from the same period a year ago and beating analysts' forecasts. A LSEG poll of analysts had expected Marubeni to post 138.36 billion yen in the first quarter net profit. In the same period of last year, Marubeni saw a net profit of 142.6 billion yen. The company kept its net profit forecast unchanged at 510 billion yen for the fiscal year ending next March. ($1 = 150.9100 yen) (Reporting by Katya Golubkova; Editing by Himani Sarkar) ((jekaterina.golubkova@thomsonreuters.com;))