Itochu Corp (ITOCF) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.769 -- 00:00:04.792 Good morning everyone. I am President Ashi. 00:00:04.792 -- 00:00:08.857 Thank you very much for joining us today. I will explain three highlights from our first 00:00:08.857 -- 00:00:13.643 half business results announcement, solid earnings progress, dividend increase, and share 00:00:13.643 -- 00:00:18.668 split. Please refer to page 2 of the FY 2025 first half business results 00:00:18.668 -- 00:00:23.254 summary presentation materials, released on November 5th. 00:00:23.254 -- 00:00:27.537 The first point is the progress of financial results for FY 2025. 00:00:27.537 -- 00:00:32.624 Consolidated net profit for the first half reached 500.3 billion yen, an increase 00:00:32.624 -- 00:00:36.990 of 61.8 billion yen year-on-year, reaching a record high level. 00:00:36.990 -- 00:00:41.016 While extraordinary gains from asset replacements contributed, our strong performance 00:00:41.016 -- 00:00:45.141 was primarily driven by the robust results in non-resource sector, which is one of our 00:00:45.141 -- 00:00:50.188 key strengths. Progress toward the full-year forecast of 900 billion yen has reached 00:00:50.188 -- 00:00:55.263 56%, exceeding our initial expectations, and has been demonstrating steadily. 00:00:55.263 -- 00:00:59.607 Regarding the full-year consolidated net profit forecast, there is no change from the 00:00:59.607 -- 00:01:03.030 initial announcement, it remains at 900 billion yen. 00:01:03.030 -- 00:01:07.694 However, we have revised our full-year core profit forecast to a range from 800 billion 00:01:07.694 -- 00:01:12.899 yen to 820 billion yen. At the beginning of the fiscal year, our core profit plan 00:01:12.899 -- 00:01:18.144 was set as a broad range from 770 billion yen to 850 billion yen, however, 00:01:18.14...