Q3 2017 Marubeni Corp Earnings Presentation Transcript
Yabe speaking here. Thank you very much for listening. So I would like to right away get started with an explanation on the consolidated financial results for the third quarter and the full fiscal year ending in March 2017.
Net profit, or profit for the period, third-quarter cumulative total came down by JPY14.1 billion at JPY107.7 billion. Market conditions during the period had concern. WTI crude oil price was $47 per barrel, down by $2 per barrel. The copper price was $4,924 per ton, which is lower by $463.
Exchange rates, on a year-on-year basis, further yen appreciation (inaudible) by JPY15.6 vis-a-vis the US dollars.
Looking at the balance sheet, total equity. The accumulation of the profits and also on the (inaudible) hybrid financing operation, which was
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