Itochu Corp (ITOCF) Q3 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:01.381 -- 00:00:06.486 This is Hachimura CFO. Thank you very much for taking the time out of your busy 00:00:06.486 -- 00:00:12.453 schedule to join us today. I'd like to give you the overview of Q3 results 00:00:12.453 -- 00:00:17.498 and segment information will be provided by Yamaura, the general manager of 00:00:17.498 -- 00:00:19.480 accounting. 00:00:19.480 -- 00:00:23.943 Please refer to the PowerPoint presentation material. 00:00:25.026 -- 00:00:29.729 Starting with page three, summary of financial results. 00:00:30.288 -- 00:00:35.514 So our forecast for the full year is 880 billion yen based 00:00:35.514 -- 00:00:38.717 on the assumption that we make 10% growth. 00:00:38.717 -- 00:00:42.021 So we are aiming for the highest ever profit. 00:00:42.021 -- 00:00:47.767 In comparison, the net profit during the time was 676.5 00:00:47.767 -- 00:00:54.532 billion yen, up 11% year-on-year. The progress was 77%. 00:00:55.516 -- 00:01:02.131 83% came from non-resource businesses, which are very strong. 00:01:02.452 -- 00:01:07.739 From Q2 to Q3, there were some declines of the 00:01:07.739 -- 00:01:13.247 earnings in the resources business, but we offset that with the revaluation gain 00:01:13.247 -- 00:01:18.915 of DeSant TOB and realized this positive number. 00:01:18.915 -- 00:01:24.022 I will explain the investments later. Cash out of some investments will emerge in 00:01:24.022 -- 00:01:29.049 the next fiscal year, but we are on track in terms of making decisions about 00:01:29.049 -- 00:01:31.169 the investments. 00:01:32.540 -- 00:01:38.287 In metals and minerals, there were lower prices of the materials and 00:01:38.287 -- 00:01:43.294 the coking coal operation was sluggish, and also extraordinary gain 00:01:43.294 -- 00:01:48.180 was booked in th...