Marubeni likely to fall into red in fiscal 1st half

Marubeni likely to fall into red in fiscal 1st half

TOKYO, Japan - Toru Tsuji (R), president of the major Japanese trading house Marubeni Corp., meets the press in Tokyo on Nov. 8. He said Marubeni's group earnings in the fiscal first half to Sept. 30 will likely fall into the red, leading it to forgo dividend payments in fiscal 2001 for the third year in a row mainly due to restructuring costs and appraisal losses on its stockholdings.

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