Slide 1: FY2025 1st Half Business Results Summary
The Brand-new Deal FY2025 1st Half Business Results Summary ITOCHU Corporation (8001) November 5, 2025 Forward-Looking Statements Data and projections contained in these materials are based on the information available at the time of publication, and various factors may cause the actual results to d
Slide 2: Highlights
Highlights Solid earnings progress Dividend increase Share split H1 consolidated net profit was a near- 1 1 consecutive fiscal years of Share split of one common share record ¥500.3 billion (56% progress), progressive dividend increases into 5 shares, effective January 1, and operating cash flows re
Slide 3: Summary of FY2025 H1 Business Results
Summary of FY2025 H1 Business Results Quantitative Results [ ]: Compared to the same period of the previous fiscal year Record Consolidated net profit Progress Core profit (Approx.) Core operating cash flows Operating cash flows 56% High ¥500.3 ¥379.0 ¥503.0 ¥609.2 bn [+30.7] (FY24 H1) (FY24 H1) (FY
Slide 4: FY2025 H1 Business Results Review
FY2025 H1 Business Results Review (Unit：billion yen) YoY +61.8 [+14%] 500.3 a Resource (18.5) Major items: 438.4 Extraordinary Resource gains and losses • Metals & (17.5) 【ー 】Aluminum & uranium (10.5) Minerals transactions, etc. prices ＋79.0 • Energy & (1.0) Forex (16.0) b Others Chemicals Non- a No
Slide 5: FY2025 H1 Consolidated Net Profit by Segment
FY2025 H1 Consolidated Net Profit by Segment (Unit : billion yen) FY24 Q1-2 FY25 Q1-2 Inc/Dec Consolidated Consolidated Consolidated Core profit Extra. G&L(*1) Core profit Extra. G&L(*1) Core profit Extra. G&L(*1) net profit net profit net profit 500.3 Textile 12.7 － 12.7 23.7＊ 0.5 24.2＊ + 11.0 + 0.
Slide 6: FY2025 H1 Core Profit by Segment
FY2025 H1 Core Profit by Segment (Unit : billion yen) FY24 Q1-2 FY25 Q1-2 Inc/Dec Summary of Changes 【＋】 DESCENTE：Conversion into a consolidated subsidiary 【＋】 Overseas sports sector such as DESCENTE：Stable performance Textile 12.7 23.7＊ + 11.0 【＋】 OEM-related business including Convenience Wear：Sta
Slide 7: FY2025 Consolidated Net Profit Forecast
FY2025 Consolidated Net Profit Forecast Revised the core profit forecast to a more solid range (¥800.0-820.0 billion) based on recent performance. Achieved steady profit growth, with declines from forex, resource prices, and recession risks compared to the previous fiscal year covered by organic gro
Slide 8: FY2025 Core Profit Forecast (vs. Initial Plan)
FY2025 Core Profit Forecast（vs. Initial Plan） The core profit forecast for FY2025 has been revised to a more solid range of ¥800.0-820.0 billion.（Initial Plan：¥770.0-850.0 billion） (Unit：billion yen)) • Factors contributing to changes from FY24 core profit Initial Plan Revised Inc/Dec Key Points Ini
Slide 9: Overview of major businesses and turnarounds
Overview of major businesses and turnarounds [Unit: billion yen] Growth Strategy Growth Strategy Growth Growth DESCENTE North American power business Two coking coal projects Turnaround Strategy Strategy Turnaround • DESCENTE business in China performed H1 Result • Profit increased due to higher ele
Slide 10: FY2025 Consolidated Net Profit Full-year Forecast by Segment
FY2025 Consolidated Net Profit Full-year Forecast by Segment (Unit: billion yen) FY25 Q1-2 Initial Plan Revised Forecast Increase Progress Comments Results (May 2, 2025) (November 5, 2025) /Decrease In addition to profit contributions from steady PMI initiatives at DESCENTE, overseas sports-related
Slide 11: FY2025 Shareholder Returns
FY2025 Shareholder Returns Total payout ratio: Aiming at 50%, exceeding the Management Policy target of "40% or more" for the second consecutive year. Dividends: ¥210 per share (*1) ; continuing progressive dividend with the 11th consecutive annual increase. 50 % (Reference) Initial Plan Total payou
Slide 12: Financial Policy / Cash Allocation
Financial Policy / Cash Allocation (Unit: billion yen) FY24 FY25 ＊Record High Key Points FY25 Forecast Q1-2 Full-year Q1-2 ＊ Operating cash flows 578.6 997.3 609.2 Record High ＊ Core operating cash flows (*1) 513.0 920.0 503.0 ・New Investments (266.0) Cash allocation focused on ・CAPEX (126.0) growth
Slide 13: Investment Results
Investment Results ◆: New Investment ●: CAPEX (Unit：billion yen) FY24 FY25 Q1-2 Major items(*1) [Quarter mainly executed in] 〔 〕: amount in Q1-2 Major items(*1) [Quarter mainly executed in] [ ]: amount in Q2 ◆ DESCENTE (Privatized) 136.3 [Q3] ◆ DESCENTE (Squeeze-out) 46.2 [Q1] ◆ WECARS 18.8 [Q1] ◆ W
Slide 14: Profits / Losses of Group Companies
Profits / Losses of Group Companies Number / Ratio of Group Companies Reporting Profits FY24 Q1-2 FY25 Q1-2 Increase / Decrease Profits Losses Total Profits Losses Total Profits Losses Total Subsidiaries 167 23 190 169 17 186 + 2 (6) (4) Associates and Joint Ventures 65 10 75 61 17 78 (4) + 7 + 3 Nu
Slide 15: Assumptions
Assumptions FY25 FY25 (Reference) FY24 FY25 Initial Plan Revised Forecast Sensitivities on Q1-2 Q1-2 (Disclosed on (Disclosed on consolidated net profit May 2) November 5) for FY25 Q3-4 Approx. Average 152.78 146.02 140 145 Exchange rate 1 Yen ±¥1.6 billion (*1) fluctuation (Yen/US$) against US$ Clo
Slide 16: Grow Earnings: New Investments
Grow Earnings: New Investments Achieving further growth by accelerating horizontal collaboration centered on The 8th Both projects aim for a double-digit level of ROI Capital and Business Alliance with Seven Bank, Ltd. Investment in AND PHARMA Co., Ltd. Entered into a capital and business alliance a
Slide 17: Grow Earnings: Enhancing Hands-on Management
Grow Earnings: Enhancing Hands-on Management Strengthening M&A by Group companies and steadily nurture medium-sized Group companies. Promoting highly efficient management by actively promoting asset replacements. Actively Promoting Strengthening M&A by Group Companies Asset Replacements Number of gr
Slide 18: Recent Topics
Recent Topics Key Events CXO Presentation Event Integrated Report Briefing General Manager, IT Digital Strategy Division With the aim of “keeping it Zenichiro Urakami We held a briefing session for institutional investors simple yet communicative,” and sell-side analysts to explain the role of our w
Slide 19: Operating Segment Information
Operating Segment Information Copyright © ITOCHU Corporation. All Rights Reserved.
Slide 20: Textile
Textile FY24 FY25 FY25 FY25 FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Inc / Dec Progress Q1-2 Q1-2 Forecast vs Plan Consolidated net profit 12.7 24.2 + 11.5 40.0 + 2.0 60% Core profit +11.0 [12.7→23.7] 【＋】 DESCENTE：Conversion into a consolidated subsidiary Core profit 12.7 23.7 +
Slide 21: Machinery
Machinery FY24 FY25 FY25 FY25 FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Inc / Dec Progress Q1-2 Q1-2 Forecast vs Plan Core profit (0.4) [59.3→58.9] Consolidated net profit 63.3 76.9 + 13.6 150.0 － 51% 【－】 Ship-related business：Absence of the gain on the sale of ships in FY24 Q1-2
Slide 22: Metals & Minerals
Metals & Minerals FY24 FY25 Inc / Dec FY25 FY25 Progress FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Q1-2 Q1-2 Forecast vs Plan Core profit (36.9) [100.4→63.5] Consolidated net profit 100.4 63.5 (36.9) 170.0 (10.0) 37% 【－】 Lower iron ore and coal prices Core profit 100.4 63.5 (36.9
Slide 23: Energy & Chemicals
Energy & Chemicals FY24 FY25 Inc / Dec FY25 FY25 Progress FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Q1-2 Q1-2 Forecast vs Plan Core profit +2.2 [33.0→35.2] Consolidated net profit 33.0 37.7 + 4.7 75.0 － 50% 【＋】 Energy transactions：Improvement in profitability in LNG transactions
Slide 24: Food
Food FY24 FY25 FY25 FY25 FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Inc / Dec Progress Q1-2 Q1-2 Forecast vs Plan Core profit +9.2 [36.7→45.9] Consolidated net profit 40.2 53.9 + 13.7 92.0 + 2.0 59% 【＋】 Provisions-related transactions/companies：Higher transaction volume and improv
Slide 25: General Products & Realty
General Products & Realty FY24 FY25 FY25 FY25 FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Inc / Dec Progress Q1-2 Q1-2 Forecast vs Plan Core profit (11.1) [29.2→18.0] Consolidated net profit 31.2 19.0 (12.1) 65.0 － 29% Forest Products, 【－】 IFL：Downturn in pulp prices and increase i
Slide 26: ICT & Financial Business
ICT & Financial Business FY24 FY25 FY25 FY25 FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Inc / Dec Progress Q1-2 Q1-2 Forecast vs Plan Core profit +1.7 [37.8→39.5] Consolidated net profit 37.8 40.0 + 2.2 88.0 + 1.0 45% 【＋】 CTC：Favorable performance ICT 28.9 29.8 + 0.9 71.0 － 42% 【＋
Slide 27: The 8th
The 8th FY24 FY25 Inc / Dec FY25 FY25 Progress FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Q1-2 Q1-2 Forecast vs Plan Consolidated net profit 54.2 32.4 (21.8) 39.0 + 4.0 83% Core profit +6.7 [24.7→31.4] 【＋】 FamilyMart Core profit 24.7 31.4 + 6.7 〔＋〕 Increase in daily sales resultin
Slide 28: Others, Adjustments & Eliminations
Others, Adjustments & Eliminations FY24 FY25 FY25 FY25 FY25 Q1-2 : Major changes from FY24 Q1-2 (Unit : billion yen) Inc / Dec Progress Q1-2 Q1-2 Forecast vs Plan Consolidated net profit 65.6 152.5 + 86.9 181.0 + 1.0 84% Core profit +0.4 [62.1→62.5] 【－】 Orchid：Nearly same level Core profit 62.1 62.5
Slide 29: IR supplementary materials
IR supplementary materials Areas with High Growth Potential Investors Guide by Segments A concise overview of ITOCHU’s business and strategy, mainly for institutional investors The growth potential areas in each of the eight segments PDF FILE PDF FILE PDF FILE PDF FILE Please visit our website for t
Slide 30: Appendix
Appendix Copyright © ITOCHU Corporation. All Rights Reserved.
Slide 31: Extraordinary Gains and Losses
Extraordinary Gains and Losses (Unit : billion yen) FY24 Q1-2 FY25 Q1-2 Major items Major items [Q2] [Q2] Textile － － 0.5 ー [Q1] Sale of fixed assets in DESCENTE : 0.5 [Q1] Partial sale of JAMCO : 5.5 [Q1] Partial sale of an Australian infrastructure company : 2.0 [Q2] Settlement payment in a leasin
Slide 32: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income (Unit : billion yen) FY24 FY25 Increase/ Q1-2 Q1-2 Decrease Summary of changes 【－】 Metals & Minerals, Energy & Chemicals, and General Products & Realty Revenues 7,291.3 7,249.2 (42.1) 【＋】 Food, Textile, and ICT & Financial Business 【＋】 Textile, ICT & Fi
Slide 33: Consolidated Financial Position
Consolidated Financial Position (Unit : billion yen) (Unit : billion yen) Increase/ • Total assets Mar. 31, 2025 Sep. 30, 2025 Mar. 31, 2025 Sep. 30, 2025 Decrease Total assets 15,134.3 15,586.0 + 451.7 Consolidated total 15,134.3 15,586.0 Textile 782.1 778.8 Interest-bearing debt 3,550.8 3,485.1 (6
Slide 34: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows (Major items) (Unit : billion yen) FY24 FY25 Q1-2 Reference information Q1-2 Reference information Net profit 474.7 518.8 Depreciation and amortization +219.8 Depreciation and amortization +224.7 Non-cash items in Textile +4.5, Machinery +12.0, Metals & Minerals
Slide 35: Operating Segment Information (Net profit)
Operating Segment Information (Net profit attributable to ITOCHU) (Unit : billion yen) FY24 FY25 Q1 Q2 Q2 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Consolidated Total 206.6 231.8 238.0 203.8 880.3 283.9 216.3 ー ー 500.3 Textile 5.3 7.4 57.8 3.4 73.8 8.9 15.3 ー ー 24.2 Machinery 34.0 29.3 40.5 32.7 136.5 32.0 44.9
Slide 36: Operating Segment Information (Core profit)
Operating Segment Information (Core profit) (Unit : billion yen) FY24 FY25 Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly (*1) Consolidated Total 202.0 194.0 185.5 188.5 770.0 181.0 198.0 ー ー 379.0 Textile 5.3 7.4 7.8 7.9 28.3 8.4 15.3 ー ー 23.7 Machinery 32.0 27.3 40.5 32.7 132.5 26.5 32.4 ー ー 58.9 Plant Pro
Slide 37: Operating Segment Information (Gross trading profit)
Operating Segment Information (Gross trading profit) (Unit : billion yen) FY24 FY25 Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Consolidated Total 588.6 577.9 604.5 605.5 2,376.5 595.4 614.2 ー ー 1,209.6 Textile 29.4 32.8 51.8 54.9 169.0 45.4 53.8 ー ー 99.1 Machinery 62.4 67.9 70.4 65.6 266.4 62.1 66.9 ー ー
Slide 38: Operating Segment Information (Trading income)
Operating Segment Information (Trading income) (Unit : billion yen) FY24 FY25 Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Consolidated Total 190.5 176.2 171.0 146.2 683.9 170.7 183.4 ー ー 354.1 Textile 3.5 7.5 5.9 8.2 25.1 3.4 11.2 ー ー 14.6 Machinery 19.2 24.6 24.3 20.0 88.1 18.8 23.1 ー ー 41.9 Plant Projec
Slide 39: Profits/Losses from Major Group Companies (1)
Profits/Losses from Major Group Companies (1) (Unit : billion yen) Textile Operations Owner- ship FY24 FY25 FY25 Forecast Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly JOI’X CORPORATION Manufacture and wholesale of men’s apparel 100.0% 0.0 (0.0) 1.1 0.1 1.3 0.0 (0.0) ー ー (0.0) 1.2 LEILIAN CO., LTD. Retail o
Slide 40: Profits/Losses from Major Group Companies (2)
Profits/Losses from Major Group Companies (2) (Unit : billion yen) Metals & Minerals Operations Owner- FY24 FY25 FY25 ship Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast IMEA [ITOCHU Minerals & Energy of (Australia) 100.0% 37.2 31.9 30.8 27.5 127.3 26.0 24.5 ー ー 50.5 116.2 Investment and sales in re
Slide 41: Profits/Losses from Major Group Companies (3)
Profits/Losses from Major Group Companies (3) (Unit : billion yen) Food Operations Owner- ship FY24 FY25 FY25 Forecast Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Development, manufacture and sale of vegetable oils and fats, industrial chocolate, FUJI OIL CO., LTD. 43.8% (0.6) (1.4) (1.9) 2.1 (1.9) 1.6 No
Slide 42: Profits/Losses from Major Group Companies (4)
Profits/Losses from Major Group Companies (4) (Unit : billion yen) ICT & Financial Business Operations Owner- FY24 FY25 FY25 ship Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast CTC [ITOCHU Techno-Solutions Corporation] IT solutions, software development, system integration, and IT management 99.95%