kabutan

ITOCHU Corporation surges in afternoon trading on 6% profit growth forecast and dividend increase for fiscal year ending March 2027

Fri May 1, 2026 2:57 pm JST Catalyst

ITOCHU <8001> surged in afternoon trading after the company announced its full-year earnings outlook and consolidated results for the fiscal year ended March 2026. Around 1:00 p.m., the trading house projected net profit of 950 billion yen for the fiscal year ending March 2027, up 5.5% year-on-year. It also set an annual dividend forecast of 44 yen per share, representing a significant 2 yen increase on a post-split basis following its 5-for-1 stock split effective Jan. 1. The upbeat projections and shareholder returns drew strong buying interest. Growth is expected to be led by the machinery segment, fueled by rising electricity demand in North America, and the metals segment, where two coking coal projects are seen turning around. For the fiscal year ended March 2026, revenue rose 0.7% to 14.82 trillion yen, while net profit grew 2.3% to 900.28 billion yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

Related Articles