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Itochu ups FY profit forecast on higher coal prices, auto sales

Channel News Asia LogoChannel News Asia2 mo ago

Itochu ups FY profit forecast on higher coal prices, auto sales

Quick Summary

TOKYO : Japanese trading house Itochu Corp raised its annual net profit forecast by 14 per cent on Tuesday, citing higher coal prices, gains from car dealership businesses locally and overseas and an impact from a weaker yen.

Itochu also boosted its annual dividend forecast by 10 yen to 140 yen per share.

The latest forecast beat a mean estimate of 727.6 billion yen in a poll of nine analysts by Refinitiv.


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News Analysis

Category: Nation Politics Asia

Topics: Tokyo Profit Corp Annual Cent 2023 Forecast Shares Billion Mediacorp Itochu

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: channelnewsasia.com

Readership Location: Singapore

Published Date: 2022-10-04, 11:22:20

News Timezone: GMT +8:00

Language: English

Original Article Length: 263 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 2830657

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Channel News Asia Logo

Name: Channel News Asia

Main Topics: NationPoliticsAsia

Official Website: channelnewsasia.com

Update Frequency: 156 posts per day

Last Update: 50m ago

Headquarters: Singapore

Coverage Areas: Singapore

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