中国経済失速と資源価格の暴落で商社の業績は急降下。三菱商事、三井物産も初の赤字に沈んだ。一方で、非資源の伊藤忠商事は純利益で首位に。
薄利多売のトレーディング（モノの取引）中心の事業モデルから、より付加価値の高い事業投資へのシフトは、資源商社に巨利をもたらしたが、資源市場の変化は減損処理を迫った。
伊藤忠商事、住友商事、丸紅、三井物産、三菱商事の最新事情と「次の一手」を追う。
本誌は『週刊東洋経済』2016年4月16日号掲載の18ページ分を電子化したものです。
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