Marubeni boosts investment, shareholder returns after strong earnings

TOKYO, Aug 3 : Japanese trading house Marubeni Corp said on Monday it will increase investment allocation and shareholder returns under its three-year business plan through March 2028, citing strong earnings and cash flow. • Marubeni raised planned investment by 250 billion yen ($1.6 billion) to 1.35 trillion yen and increased its shareholder return target by 200 billion yen to 900 billion yen.• "Our growth strategy initiatives are gaining momentum and beginning to yield results, which are becoming particularly evident in our cash flow," Chief Financial Officer Chijo Tajima told reporters.• Given its robust investment pipeline, including several large-scale projects, the company decided to step up capital allocation to investments offering relatively high returns, he added. • New investmen