Investing.com -- Japanese trading giant, Mitsubishi Corp (8058), has projected a 26% decrease in its net profit for the fiscal year ending in March.

The company expects to report a net profit of 700 billion yen ($4.82 billion), attributing this decline to a lack of significant capital gains.

In the last fiscal year, which concluded in March, Mitsubishi reported a net profit of 950.7 billion yen. This figure marked a 1.4% decrease from the previous year.

The company’s performance slightly fell short of predictions from a London Stock Exchange Group (LON: LSEG ) poll of analysts, which had anticipated an average profit of 957.1 billion yen.

The trading company’s profit forecast for the current year is also lower than analysts’ expectations. Experts had projected a net profit of around 747 billion yen for the fiscal year.

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