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TOKYO (Reuters) -Toyota Tsusho, a member of the Toyota group, said on Monday it will increase its dividend payout ratio to 40% or more from this fiscal year, up from a previous target of at least 30%, backed by stable earnings.
The new shareholder returns policy, including share buybacks, will cover fiscal years 2025 to 2027, the Japanese trading house said.
Toyota Tsusho also posted a 9% jump in profit to 362.5 billion yen ($2.52 billion) for the year ended March, driven by strong performance across its metal, supply chain, green infrastructure, and its African businesses.
However, it expects profit to decline by 6% to 340 billion yen for the current fiscal year, citing a stronger yen and anticipated negative impacts from U.S. tariffs.
($1 = 143.5700 yen)
(Reporting by Katya Golubkova; Editing by Sherry Jacob-Phillips)