Food group Princes, the United Kingdom-based subsidiary of Mitsubishi Corporation, reported a fall in both its sales and net profit in its latest financial year ended March 31, 2015.

The company's profit decreased around 6 percent from £46.4 million (€62.8 million/$68.5 million) to £43.6 billion (€59 billion/$64.4 billion) year-on-year.

Operating profit dropped 21.6 percent from £59.1 million (€80 million/$87.3 million) to £46.4 million (€62.8 million/$68.5 million) in the same period.

These results came on a 6.2 percent fall in its full-year turnover, which declined from £1.6