TOKYO (Reuters) - Japanese trading house Marubeni on Thursday said it may book one-off losses on its stake in a U.S. grain business and overseas power projects in the January-March quarter.
It also reported a record net profit for the April-December period.
The potential impairment loss on its U.S. grain business reflects slumping grain prices and trading volumes in the wake of the U.S.-Sino trade dispute, Marubeni Chief Financial Officer Nobuhiro Yabe told a news conference.
Marubeni stuck to its full-year profit forecast of 230 billion yen ($2.09 billion) for the year ending March 31, although its nine-month profit has already reached 95 percent of its annual profit guidance.
Reporting by Yuka Obayashi