TOKYO, May 2 (Reuters) - Japanese trading house Itochu (8001.T) , opens new tab reported a record high net profit of 880.3 billion yen ($6 billion) for the year ended March, marking a 10% increase from the previous year, bolstered by its textile, food, and FamilyMart convenience store units.

A LSEG poll of analysts had expected Itochu to post 887 billion yen in net profit. The company has forecast profit for the year ending next March at 900 billion yen, maintaining a total shareholder payout ratio of 50%, it said.

Sign up here.

Warren Buffett's Berkshire Hathaway (BRKa.N) , opens new tab, a large minority shareholder in Itochu, has been expanding its stake in the company as well as in other Japanese trading houses including Marubeni (8002.T) , opens new tab and Sumitomo Corp (8053.T) , opens new tab.

($1 = 145.2400 yen)

https://www.reuters.com/markets/asia/japans-itochu-annual-profit-rises-10-slightly-misses-forecasts-2025-05-02/