Mitsubishi Corp said the derivatives position was quickly closed and investigations were carried out at the subsidiary, other group companies and in-house departments involved in derivatives trading.
Mitsubishi, the biggest of Japan's clutch of trading houses by assets, said net profit for April-June was 117.8 billion yen ($1.06 billion), up from 100.8 billion yen in the same period a year earlier.
Auto component-maker Sona Group on Tuesday announced it is buying out its Japanese partner Mitsubishi Corp‘s 25 percent stake in Sona BLW Precision Forgings.
The move revives a long-sought ambition by Iraq to be a gas exporter, thanks to a joint venture with Anglo-Dutch Royal Dutch Shell PLC and Japan's Mitsubishi Corp.
Crude futures were poised for their first weekly gain this year, but analysts said there had been no shift in the fundamental backdrop of supply that far exceeds demand and swelling inventories of unwanted oil and oil products.
Meanwhile, the government will also launch the action plan of 'Start-up India, Stand-up India' aimed at boosting entrepreneurship among the masses on January 16
IFFCO have a strong presence in fertiliser market in the country and Mitsubishi Corporation, which has expertise in agrochemical business internationally, are going to have a synergy to make available quality agrochemicals at reasonable price to Indian farmers even in far flung areas, the statement added.
"It's not about what‘s the right thing to do. It‘s about what‘s the first thing you can do."
TCS, India's top software exporter, and Japan's Mitsubishi Corp will invest USD 5 million in a joint venture to set up a delivery centre in Japan, TCS's chief executive said.
Oil slipped on Friday after rising around 3% in the previous session, but optimism surrounding Europe's rescue initiatives kept prices heading for weekly gains, with US crude looking to post it best week since February.