| Net profit attributable to ITOCHU | 206.6billion yen | (
decreased by
3.1
% compared to the same period of the previous fiscal year ) |
|---|---|---|
| Equity in earnings of associates and joint ventures |
71.9billion yen | (
decreased by
10.8
% compared to the same period of the previous fiscal year ) |
206.6billion yen ( decreased by 3.1 % compared to the same period of the previous fiscal year )
71.9billion yen ( decreased by 10.8 % compared to the same period of the previous fiscal year )
Equity in earnings of associates and joint ventures Decreased by 10.8%, or 8.7 billion yen, compared to the same period of the previous fiscal year to 71.9 billion yen (446 million U.S. dollars).
- Metals & Minerals Company:Decreased by 6.6 billion yen compared to the same period of the previous fiscal year to 7.6 billion yen (47 million U.S. dollars), due to lower earnings in Marubeni-Itochu Steel resulting from the deterioration in profitability in North American business.
- Food Company:Decreased by 6.0 billion yen compared to the same period of the previous fiscal year to 3.3 billion yen (21 million U.S. dollars), due to the absence of the extraordinary gain in the same period of the previous fiscal year, partially offset by the improvement in earnings of a North American meat-products-related company.
- General Products & Realty Company:Deteriorated by 2.7 billion yen compared to the same period of the previous fiscal year to a loss of 1.3 billion yen (8 million U.S. dollars), due to lower earnings in IFL (European pulp-related company) resulting from higher material costs, partially offset by higher pulp prices.
- Others, Adjustments & Eliminations: Increased by 8.0 billion yen compared to the same period of the previous fiscal year to 27.4 billion yen (170 million U.S. dollars), due to the improvement in profitability in C.P. Pokphand resulting from the recovery of pork prices and lower feed costs in Vietnam, partially offset by continued lower pork prices in China, and higher earnings in CITIC Limited resulting from the depreciation of the yen.
- *As of October 1, 2022, ITOCHU dissolved the mutual-holdings for certain group companies held by The 8th Company as minority and the other Division Company as majority, and shares of such group companies are only held by the other Division Company. Accordingly, all quarterly results for FYE 2023 are reclassified in the same manner.
■ Textile Company
5.3 billion yen (increased by 0.6 billion yen compared to the same period of the previous fiscal year)
Increased due to the stable performance in apparel-related companies.
■ Machinery Company
34.0 billion yen (increased by 2.4 billion yen compared to the same period of the previous fiscal year)
Increased due to the stable sales in automobile-related companies, the recovery of aerospace-related transactions in a leasing-related company, and the extraordinary gain on the partial sale of an Australian infrastructure company, partially offset by the absence of favorable performance in North American electric-power-related business in the same period of the previous fiscal year.
■ Metals & Minerals Company
52.5 billion yen (decreased by 3.7 billion yen compared to the same period of the previous fiscal year)
Decreased due to lower earnings in Marubeni-Itochu Steel resulting from the deterioration in profitability in North American business, partially offset by the depreciation of the yen in iron ore business and the favorable sales in non-ferrous-related transactions/companies.
■ Energy & Chemicals Company
17.8 billion yen (decreased by 19.6 billion yen compared to the same period of the previous fiscal year)
Decreased due to the deterioration in profitability in energy trading transactions and the absence of extraordinary gains in the same period of the previous fiscal year, partially offset by the stable performance in chemical-related companies.
■ Food Company
19.0 billion yen (decreased by 1.8 billion yen compared to the same period of the previous fiscal year)
Decreased due to the absence of the extraordinary gain in the same period of the previous fiscal year, partially offset by expansion of transactions resulting from the recovery of consumer activity and higher sales prices in food-distribution-related companies, and the improvement in a North American meat-products-related company.
■ General Products & Realty Company
18.8 billion yen (increased by 1.4 billion yen compared to the same period of the previous fiscal year)
Increased due to the conversion of DAIKEN into a consolidated subsidiary in the third quarter of the previous fiscal year and favorable performance in its domestic business, and higher transaction volume in domestic real estate companies, partially offset by lower earnings in IFL (European pulp-related company) resulting from higher material costs.
■ ICT & Financial Business Company
16.0 billion yen (increased by 1.6 billion yen compared to the same period of the previous fiscal year)
Increased due to the stable performance in ITOCHU Techno-Solutions, partially offset by lower earnings in overseas retail-finance-related companies and mobile-phone-related business.
■ The 8th Company
10.9 billion yen (increased by 0.3 billion yen compared to the same period of the previous fiscal year)
Increased due to the increase in daily sales resulting from enhancement of product appeal and sales promotion, in addition to expansion of transactions in advertising and media companies, partially offset by the increase in various costs caused by changes in external environment and execution of digital measures to strengthen business foundations in FamilyMart.
■ Others, Adjustments & Eliminations
32.2 billion yen (increased by 12.2 billion yen compared to the same period of the previous fiscal year)
Increased due to the improvement in profitability in C.P. Pokphand resulting from the recovery of pork prices and lower feed costs in Vietnam, partially offset by continued lower pork prices in China, and higher earnings in CITIC Limited resulting from the depreciation of the yen.
Composition (FYE 2025 Q1)
| Textile Company | 2.56% |
| Machinery Company | 16.48% |
| Metals & Minerals Company | 25.43% |
| Energy & Chemicals Company | 8.63% |
| Food Company | 9.20% |
| General Products & Realty Company | 9.11% |
| ICT & Financial Business Company | 7.73% |
| The 8th Company | 5.26% |
| Others, Adjustments & Eliminations | 15.60% |
| Total assets | 15,171.2billion yen | (
increased by
4.7
% compared with March 31, 2024 ) |
|---|---|---|
| Total shareholders' equity | 5,711.9billion yen | (
increased by
5.3
% compared with March 31, 2024 ) |
| Net interest-bearing debt | 2,872.0billion yen | (
increased by
4.8
% compared with March 31, 2024 ) |
| NET DER | 0.50times | (
increased by
-0.01
pt compared with March 31, 2024 ) |
15,171.2billion yen ( increased by 4.7 % compared with March 31, 2024 )
5,711.9billion yen ( increased by 5.3 % compared with March 31, 2024 )
2,872.0billion yen ( increased by 4.8 % compared with March 31, 2024 )
0.50times ( increased by by -0.01 pt compared with March 31, 2024 )
NET DER (net debt-to-shareholders’ equity ratio) was 0.50 times, nearly the same level compared to March 31, 2024.
