Mitsubishi Corp Posts 2.3% Drop In Net Profit

Mitsubishi Corp

reported a 2.3% drop in its net profit for the fiscal year ended March 31. Mitsubishi's net profit for the period fell to Y453.85 billion, from Y464.54 billion, in the year-ago period. Mitsubishi's operating profit dropped 14.2% to Y271.12 billion from Y316.14 billion. Its revenue gained 4.6% to Y20.126 trillion from Y19.233 trillion. Mitsubishi shares closed at $41.84 yesterday.