financetom
Business
financetom
/
Business
/
Japanese trading house Itochu expects 10% higher profit this financial year
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Japanese trading house Itochu expects 10% higher profit this financial year
Apr 3, 2024 12:26 AM

TOKYO (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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Duolingo Insider Sold Shares Worth $1,747,153, According to a Recent SEC Filing
Duolingo Insider Sold Shares Worth $1,747,153, According to a Recent SEC Filing
Apr 2, 2024
04:31 PM EDT, 04/02/2024 (MT Newswires) -- Matthew Skaruppa, Chief Financial Officer, on April 01, 2024, sold 8,000 shares in Duolingo ( DUOL ) for $1,747,153. Following the Form 4 filing with the SEC, Skaruppa has control over a total of 64,523 shares of the company, with 64,523 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1562088/000156208824000077/xslF345X03/wk-form4_1712089627.xml Price: 212.68, Change: +0.18, Percent Change:...
Review board to issue report detailing Microsoft's lapses in China hack, Washington Post reports
Review board to issue report detailing Microsoft's lapses in China hack, Washington Post reports
Apr 2, 2024
(Reuters) -The U.S. Cyber Safety Review Board is expected to issue a report detailing lapses by Microsoft ( MSFT ) that led to a targeted Chinese hack of top U.S. government officials' emails last year, the Washington Post reported on Tuesday. The intrusion, which ransacked the Microsoft Exchange Online mailboxes of 22 organizations and more than 500 individuals around the...
Dave & Buster's Reports Q4 Results: EPS Misses, Revenue Misses
Dave & Buster's Reports Q4 Results: EPS Misses, Revenue Misses
Apr 2, 2024
Dave & Buster’s Entertainment Inc shares are now trading up after the company reported its fourth-quarter financial results Tuesday. Here's a look at the details.  The Details: Dave & Buster’s reported quarterly earnings of $1.03 per share which missed the analyst consensus estimate of $1.10 by 6.36%. Quarterly sales came in at $599.1 million, just under the analyst consensus estimate...
Bowman Consulting Group Insider Sold Shares Worth $399,976, According to a Recent SEC Filing
Bowman Consulting Group Insider Sold Shares Worth $399,976, According to a Recent SEC Filing
Apr 2, 2024
04:31 PM EDT, 04/02/2024 (MT Newswires) -- Michael Bruen, Director, Chief Operating Officer, on April 01, 2024, sold 11,764 shares in Bowman Consulting Group ( BWMN ) for $399,976. Following the Form 4 filing with the SEC, Bruen has control over a total of 414,310 shares of the company, with 414,310 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1847590/000120919124005178/xslF345X03/doc4.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved