Japan’s trading houses see benefits from Iran war but set buffers

Business trends All five predict profit rises with potential upside from disruption to energy supply chains All five Japanese trading houses reported earnings and predicted profit rises for their current fiscal years on Friday. (Source photos by Nikkei) TOKYO — Japan’s large trading companies are reporting limited impact on their earnings from the Iran War, with some even seeing potential upsides from disruptions to global energy and petrochemical supply chains.