Message from the President & COO

Message from the President & COOMessage from the President & COO

ITOCHU’s medium-term management plan, “Brand-new Deal 2023,” has entered its second year. We face mounting uncertainty, amid the ongoing COVID-19 pandemic and global fallout from the Russian invasion of Ukraine. Nevertheless, we aim to further strengthen and expand our earnings base by advancing the basic strategies of “Realizing business transformation by shifting to a market-oriented perspective” and “Enhancing our contribution to and engagement with the SDGs through business activities.”

The fight against COVID-19 is not over, but vaccination efforts have progressed and we are now seeing the emergence of a world where we coexist with the virus. This new normal will require new ways of living and working. At the same time, innovation is occurring—and new value is being created—across all fields and business domains. This innovation is being driven by the advance of the SDGs, DX, and other growing currents. Applying a market-oriented perspective, ITOCHU will swiftly implement businesses that leverage this new value, as well as the new customer and social needs it represents.

Looking at global conditions, Russia’s invasion of Ukraine has triggered geopolitical risks, the ripples of which are being felt in rising resource and material prices and supply chain disruption. Precisely because the management environment is so turbulent, we will make maximum use of our global network to steadily grow our solidly grounded businesses, primarily in the non-resource sector, where we have strength.

Sampo-yoshi” —meaning good for the seller, good for the buyer, good for society—is ITOCHU’s founding spirit, a way of doing business that has been handed down to us and that we will pass on in turn. Our many stakeholders include business partners, shareholders, and employees. ITOCHU strives to live up to their expectations, earn their trust, and fulfill its corporate responsibility so that we may all live and work in peace and safety.

I look forward to your continued support.

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Keita Ishii
President & Chief Operating Officer
April 1, 2022