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Itochu Corp., the third-largest trading house in the country by market value, will boost its dividend payout this year as it targets a 10 percent jump in profit.

The company forecast net income will rise to ¥330 billion after meeting its profit target of ¥300 billion for the 12 months ended March 31. The dividend may rise 9 percent this year to ¥50, and 10 percent the year after to ¥55, Itochu said Friday in a statement.

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