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ITOCHU, Apr-Dec (Cumulative 3Q) Net Income Increases by 11%

Thu Feb 6, 2025 1:00 pm JST Earnings

8001 ITOCHU Corporation 【IFRS】

Earnings Report

ITOCHU Corporation <8001> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 6th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 10.6% from the same period last year, reaching 676 billion yen. The progress rate toward the full-year plan of 880 billion yen was 76.9%, it was below the five-year average of 84.0%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to grow 7.1% from the same period last year, reaching 203 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 19.7% from the same period last year, reaching 238 billion yen. However, the operating profit margin worsened from 5.1% in the same period last year to 4.6%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 10,544,219 574,395 924,548 682,229 464.7 83.5 Feb 3, 2023 IFRS
Apr - Dec, 2023 10,451,061 539,082 849,837 611,693 421.1 77.6 Feb 5, 2024 IFRS
Apr - Dec, 2024 11,039,447 537,755 899,225 676,476 471.9 Feb 6, 2025 IFRS
YoY +5.6% -0.2% +5.8% +10.6% +12.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 7,255,812 351,978 523,883 388,871 268.2 80 May 8, 2024 IFRS
Oct - Mar, 2024 Guidance 441,558 311.3 100 Nov 6, 2024 IFRS
YoY +13.5% +16.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,945,633 701,913 1,106,861 800,519 546.1 140 May 9, 2023 IFRS
Mar, 2024 14,029,910 702,900 1,095,707 801,770 553.0 160 May 8, 2024 IFRS
Mar, 2025 Guidance 880,000 620.5 200 May 8, 2024 IFRS
YoY +9.8% +12.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,676,963 188,160 278,013 198,794 136.8 5.1 Feb 5, 2024 IFRS
Jan - Mar, 2024 3,578,849 163,818 245,870 190,077 131.1 4.6 May 8, 2024 IFRS
Apr - Jun, 2024 3,598,918 190,539 286,094 206,601 143.6 5.3 Aug 5, 2024 IFRS
Jul - Sep, 2024 3,692,389 176,205 316,172 231,841 161.3 4.8 Nov 6, 2024 IFRS
Oct - Dec, 2024 3,748,140 171,011 296,959 238,034 166.0 4.6 Feb 6, 2025 IFRS
YoY +1.9% -9.1% +6.8% +19.7% +21.3%

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