Net profit attributable to ITOCHU (Consolidated net profit) in FYE 2023 reached JPY800.5 billion, achieved over 800 billion for 2 consecutive years, due to further growth of core profit in non-resource sectors mainly in Machinery, Energy & Chemicals and General Products & Realty Companies, and the depreciation of the yen, despite the absence of extraordinary gains in the previous fiscal year. As for the business outlook for FYE 2024, a certain level of recovery is expected for the Japanese economy, but it is expected to be extremely uncertain thanks to downward pressure on the global economy, such as the prolonged increase in interest rates due to the financial tightening by major central banks and the economic slowdown due to financial uncertainty particularly in the U.S. and Europe, the slow pace of economic recovery in Chinese economy, the uncertainty of geopolitical risks including the Russia-Ukraine situation where the resolution is still not in sight, and the progress of inflation. Under these management circumstances, in FYE 2024, the final year of “Brand-new Deal 2023” (FYE 2022 ~ FYE 2024) we will further promote our basic policy “Realizing business transformation by shifting to a market-oriented perspective” and “Enhancing our contribution to and engagement with the SDGs through business activities”, and expect consolidated net profit of JPY800.0 billion.