TOKYO, April 3 (Reuters) - Japanese trading house Itochu ( ITOCF )
on Wednesday forecast a 10% rise in its net profit to
880 billion yen ($5.8 billion) this financial year, from an
estimated 800 billion yen a year earlier, and expected a
shareholder return ratio of 50%.
Unveiling its new management plan for the 2024/25 financial
year that started on April 1, the company - in which Warren
Buffett's Berkshire Hathaway ( BRK/A ) holds a minority stake -
said it aimed to pay a dividend of minimum 200 yen per share, up
40 yen from a year earlier.
It will also buy back its own shares worth about 150 billion
yen.
The company's results for the year ended March 31 and
details of its forecast for the current year will be announced
on May 8, it said in a statement.
Itochu ( ITOCF ) also plans to invest up to 1 trillion yen in growth
areas in the current year, it added.
($1 = 151.5400 yen)