Itochu Corp (ITOCF) Q4 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Itochu Corporation.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:01.786 -- 00:00:06.269 Hello everyone, this is Keita Ishii, President. 00:00:09.015 -- 00:00:14.442 First, I will explain the overview of the FYE 2025 Business Results 00:00:14.442 -- 00:00:18.147 and FYE 2026 Management Plan. 00:00:18.147 -- 00:00:24.693 Afterward, CFO Hachimura will provide details on the quantitative aspects. 00:00:25.296 -- 00:00:30.362 First, please refer to page 3 regarding the FYE 2025 Business 00:00:30.362 -- 00:00:32.362 Results. 00:00:35.047 -- 00:00:40.096 Regarding consolidated net profit, against a plan of 880 billion, 00:00:40.096 -- 00:00:42.860 we achieved 880.3 billion 00:00:42.860 -- 00:00:46.383 yen, setting a record high. 00:00:48.189 -- 00:00:51.695 The business environment in FYE 2025 00:00:51.695 -- 00:00:57.702 shifted to weak in the second half, unlike FYE 2024. 00:00:59.093 -- 00:01:04.603 In this circumstance, businesses influenced by international markets such as resource 00:01:04.603 -- 00:01:09.511 prices did not perform well, marking a year with clear distinctions between prosperous 00:01:09.511 -- 00:01:14.560 and unprosperous businesses. On the other hand, the yen depreciation unexpectedly 00:01:14.560 -- 00:01:19.689 to over 150 yen in the second half, remaining more depreciated than anticipated 00:01:19.689 -- 00:01:24.001 throughout the fiscal year, which supported our performance. 00:01:24.001 -- 00:01:29.006 Consequently, including extraordinary gains and losses of 110 billion 00:01:29.006 -- 00:01:34.070 yen, we managed to achieve a planned growth of 10%. 00:01:35.613 -- 00:01:40.759 Next, the core profit decreased by 2.4% compared 00:01:40.759 -- 00:01:45.222 to the previous fiscal year to 770 billion yen. 00:01:45.985 -- 00:01:51.390 There were turnarounds in CPP and HiLife, which struggled in FYE...