Itochu Corp (ITOCF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.499 Hello, everyone. I am Keita Ishii, the President of Itochu Corporation. 00:00:05.499 -- 00:00:09.242 Thank you very much for joining us today. 00:00:09.405 -- 00:00:14.653 Let me explain an overview of the business results for the first half of FIE 00:00:14.653 -- 00:00:16.653 2025. 00:00:17.097 -- 00:00:22.725 Please refer to the FIE 2025 first half business results summary 00:00:22.725 -- 00:00:25.186 released today. 00:00:27.172 -- 00:00:30.253 Starting with page 3, 00:00:30.524 -- 00:00:35.089 This is a summary of the first half financial results. 00:00:36.235 -- 00:00:41.584 Consolidated net profit increased by 6% or 25.5 00:00:41.584 -- 00:00:46.670 billion yen year-on-year to 438.4 00:00:46.874 -- 00:00:49.078 billion yen, 00:00:49.078 -- 00:00:53.383 achieving 50% of the annual forecast. 00:00:57.085 -- 00:01:02.391 As a trend in our company, the core profit tends to grow 00:01:02.391 -- 00:01:09.119 in the second half rather than being evenly distributed across the quarters. 00:01:09.119 -- 00:01:13.041 We believe the progress is steady. 00:01:15.607 -- 00:01:20.493 In addition to the solid profit base in non-resource sectors, 00:01:20.493 -- 00:01:26.262 the turnaround of the previously struggling pork business and the accumulation 00:01:26.262 -- 00:01:31.489 of extraordinary gains from asset replacement have also contributed to 00:01:31.489 -- 00:01:36.693 the steady progress towards achieving our annual forecast. 00:01:37.497 -- 00:01:40.701 Our core profit reached 396 00:01:40.701 -- 00:01:46.269 billion yen, maintaining the second-highest profit level after 00:01:46.269 -- 00:01:48.790 FIE 2023. 00:01:50.855 -- 00:01:54.815 By sector, textile, chemicals, 00:01:54.815 -- 00:01:59.982 food, construction and real estate...