Q2 2020 Itochu Corp Earnings Presentation Transcript

Nov 06, 2019 / 01:00AM GMT
Presentation
Nov 06, 2019 / 01:00AM GMT

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Corporate Participants
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* Tsuyoshi Hachimura
ITOCHU Corporation - CFO, Senior Managing Executive Officer & Director
* Yoshihisa Q. Suzuki
ITOCHU Corporation - President, COO & Director

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Yoshihisa Q. Suzuki - ITOCHU Corporation - President, COO & Director

[Interpreted] Hello, everyone. This is Yoshihisa Josh Suzuki, the President and COO of ITOCHU Corporation. Thank you very much for joining us today. We finalized fiscal 2020 Q2 business results and announced them on the 1st of November. So I'd like to make some comments.

Now looking at the first half business results. As you see on Page 3, consolidated net profit was JPY 289.1 billion, up JPY 31.1 billion or 12% year-on-year. Progress against our annual forecast was 58%. We made a good progress. Despite global uncertainties and stronger sense of stagnation and deceleration of global economy, we renewed the record-high first half profit 3 years in a row. This once

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