Cermaq Deficit JPY 20 Billion: Consolidated Mitsubishi Corp. Profit/Loss for FY Ending March 2024
Among the consolidated results of Mitsubishi Corporation for the fiscal year ending March 2024, the Cermaq Group, a subsidiary dedicated to salmon farming, processing, and sales, faced significant challenges. The profit and loss of the group was in the red, recording a loss of 20.3 billion yen ($130.44 million), a stark contrast to the previous fiscal year's surplus of 30.8 billion yen ($197.91 million). Minato Shimbun reported that the factors contributing to this downturn were...
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