Stock Groups

Mitsui plans to pay annual dividend of 120 yen/share in FY2022/23 -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: The logo of Japanese trading company Mitsui & Co. is seen in Tokyo, Japan, January 10, 2018. REUTERS/Toru Hanai/

TOKYO (Reuters) – Japanese trading house Mitsui & Co plans to pay an annual dividend of 120 yen ($1.10) per share in the next financial year to March 2023, after raising its per share dividend forecast for this year to 105 yen from 95 yen, Chief Financial Officer Takakazu Uchida said on Thursday.

On the back of rising commodity prices and greater gains from trading in liquefied gas (LNG), and chemical products, the company increased its full-year net profits forecast to March 31, to 840 Billion Yen ($7.3B).

Uchida reported that Mitsui might participate in the public auctions of offshore wind power projects in Japan.

($1 = 114.5100 yen)

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]