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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rnam ✧  😊 😞
Number: of 15062 
Subject: Itochu up on investment boost
Date: 04/03/2024 10:34 AM
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TOKYO, April 3 (Reuters) - Japanese trading house Itochu (8001.T), opens new tab said on Wednesday it will step up investment in growth segments, aiming for record spending of 1 trillion yen ($6.6 billion) in the current financial year and a 10% rise in net profit.
Unveiling its management plan for the 2024/25 year that started on April 1, Itochu - in which Warren Buffett's Berkshire Hathaway (BRKa.N), opens new tab holds a minority stake - said it aims to boost profit to a record 880 billion yen from an estimated 800 billion yen in the year just ended.

https://www.reuters.com/business/japanese-trading-...

Stock up about 7.5%.
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