ITOCHU (8001) investor relations material

Executive summary

• Achieved record-high consolidated net profit of ¥900.3bn in FY2025, up 2.3% year-over-year, with over 93% of group companies reporting profits.

• Revenues rose 0.7% year-over-year to ¥14,823.1bn for FY2025, with comprehensive income attributable to shareholders up 76% to ¥1,301.9bn.

• FY2026 management plan targets net profit of ¥950.0bn, focusing on sustainable EPS growth and high ROE.

• Aggressive growth investments and enhanced shareholder returns are central to the strategy, with a total payout ratio forecast at 64%.

• A five-for-one share split was executed on January 1, 2026, impacting per-share metrics and dividend calculations.

Financial highlights

• FY2025 revenue reached ¥14,823.1bn, up ¥98.9bn year-over-year; gross trading profit rose to ¥2,480.5bn.

• Core operating cash flows hit a record ¥1,131.8bn; free cash flow was ¥743.0bn.

• EPS increased to ¥128; dividend per share was ¥42 (post-split), with share buybacks totaling ¥170.0bn.

• Total assets grew to ¥16,732.8bn as of March 2026; shareholders’ equity ratio improved to 39.4%.

• Net interest-bearing debt increased to ¥3,024.3bn, with net DER improved to 0.46x.

Outlook and guidance

• FY2026 consolidated net profit is projected at ¥950.0bn, up 5.5% year-over-year.

• EPS guidance is ¥137, with a progressive dividend policy targeting ¥44 or higher per share.

• Gross trading profit is projected at ¥2,650.0bn, with trading income at ¥750.0bn.

• Growth investments planned at ¥1.5tn, with a continued focus on high-quality asset accumulation and proactive asset replacement.

• Planned share buybacks of at least ¥300.0bn.