Slide 1: FYE 2025 3rd Quarter Business Results Summary
The Brand-new Deal FYE 2025 3 Quarter rd Business Results Summary February 6, 2025 ITOCHU Corporation (8001) 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 result
Slide 2: Summary of FYE 2025 3rd Quarter
Summary of FYE 2025 3rd Quarter Copyright © ITOCHU Corporation. All Rights Reserved.
Slide 3: Summary of Financial Results for FYE 2025 3rd Quarter
Summary of Financial Results for FYE 2025 3rd Quarter (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Forecast Progress Q1-3 Results Q1-3 Results Decrease Net profit attributable to ＊ 611.7 676.5 ＋ 64.8 880.0 77% ITOCHU Extraordinary gains and 60.0 28.0 95.0 ＋ 67.0 losses Including a loss
Slide 4: Net profit attributable to ITOCHU by Segment
Net profit attributable to ITOCHU by Segment (Unit : billion yen) FYE 2024 FYE 2025 Inc/Dec FYE 2025 FYE 2024 FYE 2025 Summary of Changes Progress Q1-3 Results Q1-3 Results Incl. Extra. G&L. (*1) Forecast Q1-3 Results Q1-3 Results ＊ ＋ 51.5 Textile 19.0 70.4 【＋】 Revaluation gain resulting from the co
Slide 5: Core Profit (YoY Factor Comparison)
Core Profit (YoY Factor Comparison) (Unit : billion yen) 76% Total Non-Resource 80% (*1) Approx. Core profit increased by ¥21.0 bil. or 5% Core profit decreased by ¥(2.0) bil. or (0%) 13.0 464.0 Approx. Approx. 3.5 Approx. 4.5 583.5 0 23.0 581.5 443.0 Interest Forex Net Net Non-Resource 4.5 CP/CITIC
Slide 6: Extraordinary Gains and Losses
Extraordinary Gains and Losses (Unit : billion yen) FYE 2024 FYE 2025 Q1-3 Results Major items Q1-3 Results Major items [Q3] [Q3] [Q3] Revaluation gain resulting from the conversion of Textile － － 50.0 50.0 DESCENTE into a consolidated subsidiary : 50.0 [Q1] Gain on the partial sale of an Australian
Slide 7: Cash Flows
Cash Flows (Unit : billion yen) Cash Flows FYE 2024 Q1-3 Results FYE 2025 Q1-3 Results Core Free Cash Flows Cash flows from operating activities 626.3 706.2＊ FYE 2024 Q1-3 Results FYE 2025 Q1-3 Results Cash flows from investing activities (154.3) (480.7) Free cash flows 472.0 225.5 Cash flows from f
Slide 8: Financial Position
Financial Position (Unit : billion yen) Mar. 31, 2024 Dec. 31, 2024 Increase/ FYE 2025 Plan Results Results Decrease Mar. 31, 2024 Results Dec. 31, 2024 Results ＊ Maintaining financial Total assets 14,489.7 15,742.6 ＋ 1,252.9 foundation based on 15,742.6 Net interest-bearing 14,489.7 debt 2,741.6 3,
Slide 9: FYE 2025 Shareholder Returns / Financial Policy
FYE 2025 Shareholder Returns / Financial Policy FYE 2025 Total payout ratio Aiming at 50 % Shareholder Returns Dividends Share buybacks 自己株式取得 Policy The higher of ¥ 200 per share or 30 % payout ratio ¥ 150.0 bil. Increase of ¥40 from the previous fiscal year Dividend per share (yen) 200 (Minimum) D
Slide 10: Assumptions
Assumptions (Reference) FYE 2024 FYE 2025 FYE 2025 Sensitivities on net profit Q1-3 Results Q1-3 Results Forecast attributable to ITOCHU for FYE 2025 Q4 Approx. Average 142.09 152.64 145 1 Yen Exchange rate ±¥0.9 bil. (*1) fluctuation (Yen/US$) Mar. Dec. against US$ Closing 2024 151.41 2024 158.18 1
Slide 11: Appendix
Appendix Supplementary Information on FYE 2025 3rd Quarter Business Results Summary Copyright © ITOCHU Corporation. All Rights Reserved.
Slide 12: Textile
Textile (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Q1-3 Results Q1-3 Results Decrease Forecast Progress Summary of changes (Net profit attributable to ITOCHU) Net profit attributable to ITOCHU 19.0 70.4 + 51.5 73.0 96% 【＋】 Revaluation gain resulting from the conversion of DESCENTE int
Slide 13: Machinery
Machinery (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Progress Q1-3 Results Q1-3 Results Decrease Forecast Summary of changes Net profit attributable to ITOCHU 96.6 103.8 + 7.3 130.0 80% (Net profit attributable to ITOCHU) Plant Project, Marine & Aerospace 35.3 42.9 + 7.6 50.0 86% 【＋】
Slide 14: Metals & Minerals
Metals & Minerals (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Q1-3 Results Q1-3 Results Decrease Forecast Progress Summary of changes (Net profit attributable to ITOCHU) Net profit attributable to ITOCHU 164.5 133.1 (31.3) 200.0 67% 【－】 Lower iron ore and coal prices 【－】 Coking-coal-re
Slide 15: Energy & Chemicals
Energy & Chemicals (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Q1-3 Results Q1-3 Results Decrease Forecast Progress Summary of changes Net profit attributable to ITOCHU 70.1 50.6 (19.5) 90.0 56% (Net profit attributable to ITOCHU) Energy 17.8 13.3 (4.5) 39.5 34% 【－】 Energy trading tran
Slide 16: Food
Food (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Q1-3 Results Q1-3 Results Decrease Forecast Progress Summary of changes Net profit attributable to ITOCHU 55.0 60.0 + 5.0 75.0 80% (Net profit attributable to ITOCHU) Provisions 25.0 20.9 (4.2) 31.5 66% 【＋】 HYLIFE：Favorable sales and imp
Slide 17: General Products & Realty
General Products & Realty (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Q1-3 Results Q1-3 Results Decrease Forecast Progress Summary of changes Net profit attributable to ITOCHU 52.1 42.6 (9.5) 90.0 47% (Net profit attributable to ITOCHU) Forest Products, 【－】 North American construction-
Slide 18: ICT & Financial Business
ICT & Financial Business (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Q1-3 Results Q1-3 Results Decrease Forecast Progress Summary of changes (Net profit attributable to ITOCHU) Net profit attributable to ITOCHU 54.2 58.0 + 3.8 82.0 71% ICT 38.0 44.3 + 6.3 62.0 71% 【＋】 ITOCHU Techno-Sol
Slide 19: The 8th
The 8th (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Q1-3 Results Q1-3 Results Decrease Forecast Progress Summary of changes (Net profit attributable to ITOCHU) Net profit attributable to ITOCHU 36.7 63.9 + 27.2 65.0 98% 【＋】 FamilyMart 〔＋〕 Increase in daily sales resulting from enhancem
Slide 20: Others, Adjustments & Eliminations
Others, Adjustments & Eliminations (Unit : billion yen) FYE 2024 FYE 2025 Increase/ FYE 2025 Q1-3 Results Q1-3 Results Decrease Forecast Summary of changes (Net profit attributable to ITOCHU) Net profit attributable to ITOCHU 63.5 94.0 + 30.4 75.0 【＋】 C.P. Pokphand： Improvement in profitability resu
Slide 21: Investments
Investments (Unit : billion yen) FYE 2024 Results FYE 2025 Q1-3 Results Major New Investments (*1) [Quarter Mainly Invested In] [Q1-3] Major New Investments (*1) [Quarter Mainly Invested In] [Q3] ◆ Conversion of DESCENTE into a subsidiary [Q3] ◆ Additional investment in ITOCHU Techno-Solutions [Q2,Q
Slide 22: Core Free Cash Flows and EPS
Core Free Cash Flows and EPS (Unit : billion yen) FYE 2023 FYE 2024 FYE 2025 FYE 2025 Plan Results Results Q1-3 Results Core operating cash flows (*1) 871.0 823.0 720.0 Cash allocation focused on growth investments Net investment cash flows (*2) (393.0) (614.0) (538.0) Investment amount maximum ¥１tr
Slide 23: Consolidated Statement of Comprehensive Income
Consolidated Statement of Comprehensive Income (Unit : billion yen) FYE 2024 FYE 2025 Increase/ Q1-3 Results Q1-3 Results Decrease Summary of changes Revenues 10,451.1 11,039.4 ＋ 588.4 Gross trading profit 1,648.4 1,771.0 ＋ 122.6 Selling, general and Personnel expenses (49.2)[(475.8)→(525.1)], Servi
Slide 24: Consolidated Statement of Cash Flows (Major items)
Consolidated Statement of Cash Flows (Major items) (Unit : billion yen) FYE 2024 FYE 2025 Q1-3 Results Reference information Q1-3 Results Reference information Net profit 654.1 Depreciation and amortization +311.3 724.2 Depreciation and amortization +334.3 Textile +6.6, Machinery +18.4, Metals & Min
Slide 25: Performance of Group Companies attributable to ITOCHU
Performance of Group Companies attributable to ITOCHU (Unit : billion yen) Components of FYE 2024 FYE 2025 Increase/ Profits/Losses of FYE 2024 FYE 2025 Increase/ Consolidated Net profit Group Companies attributable to ITOCHU Q1-3 Results Q1-3 Results Decrease Q1-3 Results Q1-3 Results Decrease Pare
Slide 26: Operating Segment Information (Trading income/Total assets)
Operating Segment Information (Trading income/Total assets) (Unit : billion yen) Trading FYE 2024 FYE 2025 Increase/ Total Mar. 2024 Dec. 2024 Increase/ income Summary of changes Summary of changes Q1-3 Results Q1-3 Results Decrease assets Results Results Decrease 【－】 Apparel-related companies Texti
Slide 27: Operating Segment Information (Quarterly Information) (1)
Operating Segment Information (Quarterly Information) (1) (Unit : billion yen) FYE 2024 Results FYE 2025 Results FYE 2025 Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast Gross trading profit 517.9 549.8 580.7 584.0 2,232.4 588.6 577.9 604.5 ー 1,771.0 2,400.0 Consolidated total Trading income 167.2 18
Slide 28: Operating Segment Information (Quarterly Information) (2)
Operating Segment Information (Quarterly Information) (2) (Unit : billion yen) FYE 2024 Results FYE 2025 Results FYE 2025 Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast Gross trading profit 88.6 98.2 104.2 89.8 380.9 99.4 104.1 102.4 ー 306.0 403.0 Food Trading income 23.7 29.7 31.3 17.4 102.2 29.7 3
Slide 29: Operating Segment Information (Quarterly Core Profit)
Operating Segment Information (Quarterly Core Profit) (Unit : billion yen) FYE 2024 Results FYE 2025 Results Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Core Profit total (*1) 190.0 193.5 200.0 205.5 789.0 202.0 194.0 185.5 ー 581.5 Non-Resource 141.8 153.9 147.3 141.0 584.0 151.6 154.5 157.7 ー 463.7 (*1)
Slide 30: Profits/Losses from Major Group Companies (1)
Profits/Losses from Major Group Companies (1) (Unit : billion yen) Textile Operations Owner- FYE 2024 Results FYE 2025 Results FYE 2025 ship Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast JOI’X CORPORATION Manufacture and wholesale of men’s apparel 100.0% 0.0 (0.0) 0.7 0.2 0.8 0.0 (0.0) 1.1 － 1.1 1.
Slide 31: Profits/Losses from Major Group Companies (2)
Profits/Losses from Major Group Companies (2) (Unit : billion yen) Metals & Minerals Operations Owner- FYE 2024 Results FYE 2025 Results FYE 2025 ship Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast ITOCHU Minerals & Energy of (Australia) 100.0% 36.5 33.0 44.0 53.4 166.9 37.2 31.9 30.8 － 99.8 142.4 I
Slide 32: Profits/Losses from Major Group Companies (3)
Profits/Losses from Major Group Companies (3) (Unit : billion yen) Food Operations Owner- FYE 2024 Results FYE 2025 Results FYE 2025 ship Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast FUJI OIL HOLDINGS INC. Management of FUJI OIL group strategy and business operations 43.9% 4.0 1.5 (5.4) 0.6 0.7 (0
Slide 33: Profits/Losses from Major Group Companies (4)
Profits/Losses from Major Group Companies (4) (Unit : billion yen) ICT & Financial Business Operations Owner- FYE 2024 Results FYE 2025 Results FYE 2025 ship Q1 Q2 Q3 Q4 Yearly Q1 Q2 Q3 Q4 Yearly Forecast ITOCHU Techno-Solutions Corporation (*1) IT solutions, software development, system integration
Slide 34: Appendix
Appendix Supplementary Information on Management Policy, FYE 2025 Forecast, etc. Copyright © ITOCHU Corporation. All Rights Reserved.
Slide 35: Management Policy
Management Policy － – Profit opportunities are shifting downstream – We aim to achieve sustainable enhancement in corporate value, by having all employees, from the business divisions to the administrative divisions, always enhancing their marketing capabilities, leveraging the assets and expertise
Slide 36: FYE 2025 Management Plan
FYE 2025 Management Plan Profit Plan Shareholder Returns Growth Investments Consolidated net profit Total payout ratio Investment amount ¥ 880.0 bil. Aiming at 50% 1 Max. ¥ tril. Core operating cash flows after deducting shareholder returns in FYE 2025 + Surplus capital in the previous medium-term m
Slide 37: FYE 2025 Consolidated Net Profit: Segment Progress Overview
FYE 2025 Consolidated Net Profit: Segment Progress Overview Textile and The 8th Companies have almost achieved their annual forecasts, and with Machinery, Food, ICT & Financial Business Companies, and CITIC Limited/C.P. Pokphand also performing steadily, the company as a whole has been steadily buil
Slide 38: Overview of FYE 2025 Profit Forecast
Overview of FYE 2025 Profit Forecast vs Initial Plan vs Initial Plan (Unit: billion yen) (40.0) ＋40.0 Core profit + 31.0 (40.0) 880.0 100.0 Buffer 820.0 Growth investments Extraordinary gains and losses 789.0 Existing business Accumulating profits by growth Non- 94.0 +40.0 Resource investments in ea
Slide 39: Profit Contribution from Growth Investments
Profit Contribution from Growth Investments Investments in FYE 2025 Q1-3（excluding CAPEX ¥174.0bil.） Profit contribution from growth investments Investment results Expected timing Major new investments cumulative total for for Q1-3 profit contribution Continuing Consumer-related subtotal ¥222.0 bil.
Slide 40: Grow Earnings: Areas with High Growth Potential
Grow Earnings: Areas with High Growth Potential ・ Leveraging our expertise and networks to steadily build business opportunities from a frontline perspective and expand our business across all segments ・ Achieving sustainable growth by advancing both enhancement of existing businesses and new invest
Slide 41: No Growth without Investments: ITOCHU Techno-Solutions
No Growth without Investments (Example of Business Area Expansion 1) ITOCHU Techno-Solutions Corporation (CTC) FYE 2011 FYE 2025 Forecast Whole digital value chain CAGR Profit from Future the company \6.3bil. \44.8bil. 15% profit target \60.0bil. Consulting Operational improvement & data analysis IT
Slide 42: No Growth without Investments: FamilyMart
No Growth without Investments (Example of Business Area Expansion 2) FamilyMart (FM) FYE 2011 FYE 2025 Forecast CAGR Profit from (*1) Future the company \4.0bil. \39.0bil. 18% profit target \50.0bil. (*1) Excluding extraordinary gains Creating new businesses <Main Topics> ・Advertising Enhancing the
Slide 43: No Growth without Investments: North American Construction Materials
No Growth without Investments (Example of Business Area Expansion 3) North American construction materials business FYE 2016 FYE 2025 Forecast CAGR Profit from Future the company \1.4bil. \22.8bil. 36% profit target Over \50.0bil. Exterior building materials business (Fence-related business, etc.) <
Slide 44: No Growth without Investments: North American Electric-Power Business
No Growth without Investments (Example of Business Area Expansion 4) North American electric-power-related business FYE 2011 FYE 2025 Forecast CAGR Profit from Future the company \0.5bil. \15.3bil. 28% profit target Over \30.0bil. Development <Main Topics> Operation, in the maintenance and renewable
Slide 45: No Growth without Investments: DESCENTE
No Growth without Investments (Example of Business Area Expansion 5) DESCENTE FYE 2011 FYE 2025 Forecast CAGR Profit from Future 18% (*1) the company \0.7bil. \7.5bil. profit target ー (*1) Future profit target plans to be presented at the time of the FYE 2026 plan announcement. <Main Topics> Oct. 29
Slide 46: Reinforcement of Human Capital
Reinforcement of Human Capital Create a virtuous cycle of strengthening our human resource strategy by implementing a policy for appointing Executive Officers selected based on their true capabilities. Human resource strategy which realizes New policy for appointing Executive Officers "challenging b
Slide 47: Strengthening Dialogue with Stakeholders
Strengthening Dialogue with Stakeholders Strengthening "Communication" and "Dialogue" through distinctive initiatives and achievements, including through unique channels. Sharing examples of implementing innovative Addressing market demands and Expanding our contact points with consumers and unique
Slide 48: Enhancing Our Contribution to and Engagement with the SDGs
Enhancing Our Contribution to and Engagement with the SDGs through Business Activities Steadily promoting the basic policies in the previous medium-term management plan “Brand-new Deal 2023.” Balancing both responding Scopes1/2/3 + to social demand and Achieve a decarbonized society all fossil fuel