Berkshire Hathaway-backed Japan trading house boosts shareholder returns

Itochu to 'expand scope' of investments with up to $6.6bn in spending

20240403N Itochu logo

Itochu expects net profit to reach an all-time high this fiscal year. (Photo by Yuki Nakao)

SHIN WATANABE and TSUKASA MORIKUNI, Nikkei staff writers

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.

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