TOKYO (Reuters) -Japan’s Toyota Tsusho on Friday raised its full fiscal year profit forecast by 20 billion yen to 360 billion yen ($2.4 billion) on stronger growth in its supply chain and Africa divisions, and also promised a higher dividend payout.
The company, a member of the Toyota group, raised its full-year dividend forecast to 116 yen per share from the previous guidance of 110 yen and said it was targeting a payout ratio of 40% or more, including buybacks, going forward.
($1 = 150.7800 yen)
(Reporting by Katya Golubkova; Editing by Jacqueline Wong)
