Itochu Corporation · TSE:8001
Itochu — Q1 2026 Earnings Presentation
38 slides from Itochu's earnings presentation, Aug 1, 2025
Slide 1: FYE 2026 1st Quarter Business Results Summary
The Brand-new Deal FYE 2026 1st Quarter Business Results Summary ITOCHU Corporation (8001) August 1, 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 t
Slide 2: Summary of FYE 2026 1st Quarter
Summary of FYE 2026 1st Quarter Copyright © ITOCHU Corporation. All Rights Reserved.
Slide 3: Summary of FYE 2026 1st Quarter Business Results
Summary of FYE 2026 1st Quarter Business Results Quantitative Results [ ]: Compared to the same period of the previous fiscal year Consolidated net profit Progress 32% Core profit YoY Non-Resource＋0.5 ／ Resource (20.0) Core operating cash flows 283.9 billion [+77.3] 181.0 billion [(21.0)] 245.0 bill
Slide 4: FYE 2026 1st Quarter Consolidated Net Profit by Segment
FYE 2026 1st Quarter Consolidated Net Profit by Segment (Unit : billion yen) FYE 2025 Q1 Results FYE 2026 Q1 Results Inc/Dec FYE 2026 Forecast (*2) Consolidated Consolidated Consolidated Progress Comments Core profit Extra. G&L(*1) Core profit Extra. G&L(*1) Core profit Extra. G&L(*1) Consolidated n
Slide 5: FYE 2026 1st Quarter Business Results Review
FYE 2026 1st Quarter Business Results Review (Unit：billion yen) YoY +77.3 billion [+37%] 283.9 206.6 Resource a Resource (4.0) (9.0) Extraordinary prices gains and losses • Metals & Minerals (4.0) Forex (12.0) ＋98.5 • Energy & Chemicals (0.0) a b b Non-Resource +5.5 Resource (4.0) Non-Resource＋5.5 O
Slide 6: FYE 2026 1st Quarter Core Profit by Segment
FYE 2026 1st Quarter Core Profit by Segment FYE 2025 FYE 2026 (Unit : billion yen) Inc/Dec Summary of Changes Q1 Results Q1 Results ＊ 【＋】 Conversion of DESCENTE into a consolidated subsidiary Textile 5.3 8.4 + 3.1 【＋】 Stable performance in overseas sports sector such as DESCENTE 【－】 Asian power gene
Slide 7: Overview of Profit Plan for FYE 2026
Overview of Profit Plan for FYE 2026 (Repost) Based on current forex and resource prices, ensuring ¥860.0 billion through solid profit drivers (turnarounds / new investments in FYE 2025) and realized extraordinary gains. Reflecting potential recession risks, consolidated net profit plan is ¥900.0 bi
Slide 8: Progress Toward the FYE 2026 Profit Plan
Progress Toward the FYE 2026 Profit Plan Progress is generally in line with the initial plan. Impact in the initial Progress Toward the Initial Profit Plan (Unit：billion yen) profit plan In Q1, there was an impact of approximately (¥21.0) billion compared with Q1 FYE 2025 due to fluctuations in exch
Slide 9: Financial Policy / Cash Allocation
Financial Policy / Cash Allocation (Unit：billion yen) FYE 2025 Results FYE 2026 Key Points FYE 2026 Plan Q1 Full-year Q1 Results ＊ Core operating cash flows (*1) 238.0 920.0 245.0 ・New Investments (235.0) ・CAPEX (62.0) Cash allocation focused on growth investments ・EXIT 201.0 Net investment cash flo
Slide 10: Investment Results
Investment Results ◆: New Investment ●: CAPEX (Unit：billion yen) FYE 2025 Results FYE 2026 Q1 Results Major items(*1) [Quarter mainly executed in] [ ]: amount in Q1 Major items(*1) ◆ DESCENTE (Privatized) 136.3 [Q3] ◆ DESCENTE (Squeeze-out) 46.2 ◆ WECARS 18.8 [Q1] ◆ We Sell Cellular 6.9 ◆ Nishimatsu
Slide 11: Profits / Losses of Group Companies
Profits / Losses of Group Companies Number / Ratio of Group Companies Reporting Profits FYE 2025 Q1 Results FYE 2026 Q1 Results Increase / Decrease Profits Losses Total Profits Losses Total Profits Losses Total Subsidiaries 163 26 189 162 24 186 (1) (2) (3) Associates and Joint Ventures 60 15 75 62
Slide 12: FYE 2026 Shareholder Returns
FYE 2026 Shareholder Returns Total payout ratio: Aiming at 50%, exceeding the Management Policy target of "40% or more" for the second consecutive year. Dividends: Aim to achieve consolidated net profit of ¥940.0 billion(*1) in the near future and promptly increase from ¥200 per share in line with p
Slide 13: Assumptions
Assumptions (Reference) FYE 2026 FYE 2025 FYE 2026 Sensitivities on Forecast Q1 Results Q1 Results consolidated net profit (Disclosed on May 2) for FYE 2026 Q2-4 Approx. Average 155.85 144.59 140 1 Yen Exchange rate ±¥2.4 billion (*1) fluctuation (Yen/US$) Mar. Jun. against US$ Closing 149.52 2025 1
Slide 14: Recent Highlights
Recent Highlights Key Events The 8th Company 1 The 101st Ordinary General Meeting of 2 Dialogue between Outside Directors 3 URL URL URL URL URL URL Shareholders and Institutional Investors Retail Media Business Briefing The ordinary general meeting of shareholders was held on June 20. We held a smal
Slide 15: Operating Segment Information
Operating Segment Information Copyright © ITOCHU Corporation. All Rights Reserved.
Slide 16: Textile
Textile FYE 2025 FYE 2026 FYE 2026 FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results (Unit : billion yen) Inc / Dec Progress Q1 Results Q1 Results Forecast Consolidated net profit 5.3 8.9 + 3.6 38.0 23% Core profit +3.1 [5.3→8.4] 【＋】 Conversion of DESCENTE into a consolidated subsidiary C
Slide 17: Machinery
Machinery FYE 2025 FYE 2026 FYE 2026 FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results (Unit : billion yen) Inc / Dec Progress Q1 Results Q1 Results Forecast Core profit (5.5) [32.0→26.5] Consolidated net profit 34.0 32.0 (2.0) 150.0 21% 【－】 Asian power generation company：Lower earnings d
Slide 18: Metals & Minerals
Metals & Minerals FYE 2025 FYE 2026 FYE 2026 FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results (Unit : billion yen) Inc / Dec Progress Q1 Results Q1 Results Forecast Consolidated net profit 52.5 33.6 (18.9) 180.0 19% Core profit (18.9) [52.5→33.6] 【－】 Lower iron ore and coal prices Core p
Slide 19: Energy & Chemicals
Energy & Chemicals FYE 2025 FYE 2026 FYE 2026 FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results (Unit : billion yen) Inc / Dec Progress Q1 Results Q1 Results Forecast Core profit +1.7 [17.8→19.5] Consolidated net profit 17.8 19.5 + 1.7 75.0 26% 【＋】 Energy transactions：Improvement in profi
Slide 20: Food
Food (Unit : billion yen) FYE 2025 FYE 2026 Inc / Dec FYE 2026 Progress FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results Q1 Results Q1 Results Forecast Core profit +2.8 [18.0→20.8] Consolidated net profit 19.0 28.8 + 9.8 90.0 32% 【＋】 Provisions-related transactions/companies：Higher trans
Slide 21: General Products & Realty
General Products & Realty FYE 2025 FYE 2026 FYE 2026 FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results (Unit : billion yen) Inc / Dec Progress Q1 Results Q1 Results Forecast Core profit (6.1) [17.3→11.2] Consolidated net profit 18.8 11.2 (7.6) 65.0 17% 【－】 ITOCHU Property Development：Abse
Slide 22: ICT & Financial Business
ICT & Financial Business (Unit : billion yen) FYE 2025 FYE 2026 Inc / Dec FYE 2026 Progress FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results Q1 Results Q1 Results Forecast Core profit +0.1 [16.0→16.1] Consolidated net profit 16.0 16.1 + 0.1 87.0 19% 【＋】 CTC：Favorable performance ICT 11.9
Slide 23: The 8th
The 8th (Unit : billion yen) FYE 2025 FYE 2026 FYE 2026 FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results Inc / Dec Progress Q1 Results Q1 Results Forecast Consolidated net profit 10.9 15.4 + 4.5 35.0 44% Core profit +3.5 [10.9→14.4] Core profit 10.9 14.4 + 3.5 【＋】 FamilyMart 〔＋〕 Increase
Slide 24: Others, Adjustments & Eliminations
Others, Adjustments & Eliminations FYE 2025 FYE 2026 Inc / Dec FYE 2026 Progress FYE 2026 Q1 Results : Major changes from FYE 2025 Q1 Results (Unit : billion yen) Q1 Results Q1 Results Forecast Core profit (1.9) [32.2→30.4] Consolidated net profit 32.2 118.4 + 86.1 180.0 66% 【－】 Orchid Core profit 3
Slide 25: IR supplementary materials
IR supplementary materials Areas with High Growth FYE 2026 Management Plan Potential by Segments Click here for PDF Click here for PDF Click here for PDF Click here for PDF Please visit our website for the most recent earnings releases. https://www.itochu.co.jp/en/ir/financial_statements/ Copyright
Slide 26: Appendix
Appendix Copyright © ITOCHU Corporation. All Rights Reserved.
Slide 27: Extraordinary Gains and Losses
Extraordinary Gains and Losses (Unit : billion yen) FYE 2025 FYE 2026 Major items Major items Q1 Results Q1 Results Textile － 0.5 Gain on the sale of fixed assets in DESCENTE : 0.5 Machinery 2.0 Gain on the partial sale of an Australian infrastructure company : 2.0 5.5 Gain on the partial sale of JA
Slide 28: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income (Unit : billion yen) FYE 2025 FYE 2026 Increase/ Q1 Results Q1 Results Decrease Summary of changes 【－】 General Products & Realty, Metals & Minerals, and Energy & Chemicals Revenues 3,598.9 3,558.9 (40.0) 【＋】 Food, Textile 【＋】 Textile, ICT & Financial Bu
Slide 29: Consolidated Financial Position
Consolidated Financial Position Total assets Mar. 31, 2025 Jun. 30, 2025 (Unit : billion yen) Results Results Consolidated total 15,134.3 15,178.1 Mar. 31, 2025 Jun. 30, 2025 Increase/ Results Results Decrease Textile 782.1 767.4 Machinery 2,166.6 2,274.4 Plant Project, Marine & Aerospace 1,008.7 97
Slide 30: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows (Major items) (Unit : billion yen) FYE 2025 FYE 2026 Q1 Results Reference information Q1 Results Reference information Net profit 218.9 292.3 Depreciation and amortization +110.0 Depreciation and amortization +111.2 Non-cash items in Textile +2.3, Machinery +5.9,
Slide 31: Operating Segment Information (Net profit attributable to ITOCHU)
Operating Segment Information (Net profit attributable to ITOCHU) (Unit : billion yen) FYE 2025 Results FYE 2026 Results 1Q 2Q 3Q 4Q Yearly 1Q 2Q 3Q 4Q Yearly Consolidated Total 206.6 231.8 238.0 203.8 880.3 283.9 ー ー ー 283.9 Textile 5.3 7.4 57.8 3.4 73.8 8.9 ー ー ー 8.9 Machinery 34.0 29.3 40.5 32.7
Slide 32: Operating Segment Information (Core profit)
Operating Segment Information (Core profit) (Unit : billion yen) FYE 2025 Results FYE 2026 Results 1Q 2Q 3Q 4Q Yearly 1Q 2Q 3Q 4Q Yearly Consolidated Total (*1) 202.0 194.0 185.5 188.5 770.0 181.0 ー ー ー 181.0 Textile 5.3 7.4 7.8 7.9 28.3 8.4 ー ー ー 8.4 Machinery 32.0 27.3 40.5 32.7 132.5 26.5 ー ー ー 2
Slide 33: Operating Segment Information (Gross trading profit)
Operating Segment Information (Gross trading profit) (Unit : billion yen) FYE 2025 Results FYE 2026 Results 1Q 2Q 3Q 4Q Yearly 1Q 2Q 3Q 4Q Yearly Consolidated Total 588.6 577.9 604.5 605.5 2,376.5 595.4 ー ー ー 595.4 Textile 29.4 32.8 51.8 54.9 169.0 45.4 ー ー ー 45.4 Machinery 62.4 67.9 70.4 65.6 266.4
Slide 34: Operating Segment Information (Trading income)
Operating Segment Information (Trading income) (Unit : billion yen) FYE 2025 Results FYE 2026 Results 1Q 2Q 3Q 4Q Yearly 1Q 2Q 3Q 4Q Yearly Consolidated Total 190.5 176.2 171.0 146.2 683.9 170.7 ー ー ー 170.7 Textile 3.5 7.5 5.9 8.2 25.1 3.4 ー ー ー 3.4 Machinery 19.2 24.6 24.3 20.0 88.1 18.8 ー ー ー 18.8
Slide 35: Profits/Losses from Major Group Companies (1)
Profits/Losses from Major Group Companies (1) (Unit : billion yen) Textile Operations Owner- ship FYE 2025 Results FYE 2026 Results FYE 2026 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 ー ー ー 0.0 1.2 LEIL
Slide 36: Profits/Losses from Major Group Companies (2)
Profits/Losses from Major Group Companies (2) (Unit : billion yen) Metals & Minerals Operations Owner- ship FYE 2025 Results FYE 2026 Results FYE 2026 Forecast Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly IMEA [ITOCHU Minerals & Energy of (Australia) 100.0% 37.2 31.9 30.8 27.5 127.3 26.0 ー ー ー 26.0 124.5 I
Slide 37: Profits/Losses from Major Group Companies (3)
Profits/Losses from Major Group Companies (3) (Unit : billion yen) Food Operations Owner- ship FYE 2025 Results FYE 2026 Results FYE 2026 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. 43.9% (0.6)
Slide 38: Profits/Losses from Major Group Companies (4)
Profits/Losses from Major Group Companies (4) (Unit : billion yen) ICT & Financial Business Operations Owner- FYE 2025 Results FYE 2026 Results FYE 2026 ship Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast CTC [ITOCHU Techno-Solutions Corporation] IT solutions, software development, system integratio