Q2 2024 Itochu Corp Earnings Presentation Transcript

Nov 08, 2023 / 01:00AM GMT
Presentation
Nov 08, 2023 / 01:00AM GMT

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Corporate Participants
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* Keita Ishii
ITOCHU Corporation - President, COO & Director

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Keita Ishii - ITOCHU Corporation - President, COO & Director

Good morning, ladies and gentlemen. I'm Ishii, President of ITOCHU Corporation. Thank you for joining us today.

I would like to give you an overview of the business results for the first half of our fiscal year ending 2024. Please refer to the business results summary. FYE 2024 first half document published on 6th of November.

First, please turn to Page 2, which gives you the summary of the financial results for the first half of the financial year '24. Consolidated net profit for the first half was JPY 412.9 billion, a steady progress of more than 50% against the initial forecast of JPY 780 billion at the beginning of the term. There were no significant extraordinary gains in the second quarter. And as a result of a steady accumulation of profits, core profit amounted to

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