Aug 04, 2023 / 06:00AM GMT
Tsuyoshi Hachimura - ITOCHU Corporation - CFO, Executive VP & Director
Hello. I am Hachimura, CFO of ITOCHU Corporation. Thank you very much for joining us today. I'd like to now present the business results of the first quarter fiscal year ending 2024.
I'll be using the PowerPoint material that you have in front of you. On Page 3, we are showing a summary of financial results. There are 3 major points. First is that the net profit reached JPY 213.2 billion, although we do not disclose the quarterly budget, but this is higher than Q1 budget.
We assume the natural resource prices to decline and compared to the last year, net profit was down by JPY 17.4 billion or 7.5% year-on-year. So while the natural resource prices are declining, we showed that we are resistant to those changes and achieved very strong and stable performance.
The second point is that the cash flow has been very steady. Operating cash flow was third highest, JPY 214 billion. I will talk about this later, but the net investment stayed at JPY 51 billion. And 2 days ago, we announced delisting of CTC and
Q1 2024 Itochu Corp Earnings Net Conference Transcript
Feb 14, 2024
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