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8015 Toyota Tsusho News Story

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Toyota Tsusho raises FY profit forecast on supply chain, Africa units

TOKYO, Oct 31 (Reuters) - Japan's Toyota Tsusho 8015.T 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 7203.T 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)

 ((jekaterina.golubkova@thomsonreuters.com;))

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