Mitsui first quarter profit falls 31% amid revenue drop

Mitsui & Co. reported first-quarter profit attributable to owners fell 30.6% to 191.6 billion yen from 276.1 billion yen in the prior year. Revenue decreased 14.1% to 3.3 trillion yen from 3.8 trillion yen.

The company attributed the profit decline primarily to the Mineral & Metal Resources and Machinery & Infrastructure segments.

Despite the quarterly decline, Mitsui maintains its full-year profit forecast of 770 billion yen and dividend forecast of 115 yen.