Q1 2023 Itochu Corp Earnings Presentation Transcript

Aug 05, 2022 / NTS GMT
Presentation
Aug 05, 2022 / NTS GMT

=====================
Corporate Participants
=====================
* Tsuyoshi Hachimura
ITOCHU Corporation - CFO, Executive VP & Director

=====================
Tsuyoshi Hachimura - ITOCHU Corporation - CFO, Executive VP & Director

I am Tsuyoshi Hachimura, CFO of ITOCHU Corporation. Thank you very much for joining us. I'd like to now present the business results for the Q1 of FYE 2023.

We have already made the material available from our website. So I'll be using the PowerPoint presentation material, starting with Page 3. This is a summary. Net profit attributable to ITOCHU was JPY 230.6 billion, making a strong progress toward the forecast of JPY 700 billion, achieving 33%. In Q1 last year, we had a record high number of JPY 267.5 billion. And this time, we have a second highest net profit number.

There is a positive impact of the high resource prices. But our strength, which is the nonresource businesses, our revenue and profit grew steadily despite the weaker yen and inflation. The percentage

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot