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Apr 04, 2024 - 03:53
By asia.nikkei.com

Berkshire Hathaway-backed Japan trading house boosts shareholder returns

TOKYO -- Japanese trading house Itochu aims to increase shareholder payouts this fiscal year and spend up to 1 trillion yen ($6.6 billion) on acquisitions and other investments, the company said Wednesday.

Itochu will aim for a total payout ratio of 50% in the year ending March 2025, up from an estimated 41% for the just-ended fiscal year. The higher the ratio, the more a company is focusing on shareholder returns.

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Berkshire Hathaway-backed Japan trading house boosts shareholder returns

Putin's embrace of Kim Jong Un has its limits

North Korea says it test-fired new solid-fuel hypersonic missile

Berkshire Hathaway-backed Japan trading house boosts shareholder returns

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