Message from the President & COO

I appreciate your continued support of ITOCHU Corporation across all our operations.

Although it has already been a month since the start of the fiscal year ending March 31, 2026 (FYE 2026), on May 2 ITOCHU announced its FYE 2025 results and FYE 2026 management plan. As for the FYE 2025 results, we achieved a record-setting ¥880.3 billion in consolidated net profit. This was due in part to steadily accumulating profit in the non-resource sector, a strength of ours, despite a challenging business environment with strong downward pressure, including falling resource prices and high policy interest rates against the backdrop of stubborn inflation, especially in the United States.

In FYE 2026, we are currently seeing major disruptions, such as significant volatility in the exchange rate and stock market due in part to the tariff policy of the U.S. Trump administration. Looking ahead, we expect even bigger political and economic changes across the globe, including in the U.S.-China relationship, and we must consider the possibility that what we have taken for granted to date will suddenly become unviable, such as existing supply chains no longer working. However, what the Company should do will not change. We will respond appropriately to the ever-changing business environment. In essence, we aim to accurately identify changes in the needs of suppliers and business partners from a market-oriented perspective and then appropriately respond to the changes, thereby steadily accumulating profit. We intend to stably achieve our FYE 2026 consolidated net profit plan of ¥900.0 billion and attain record high profit for the second consecutive year as we hold firm to our commitment-based management whereby we definitively see through the management plans we announce.

The ITOCHU Group’s founding spirit of “Sampo-yoshi”, which has been passed down to the current generation, and its business foundation of a market-oriented perspective are useful and universal in any environment. We will continue achieving even greater corporate value because we have diligently practiced these principles until now and will continue to practice them going forward. You can look forward to the Company’s robust growth.

I would like to offer my deepest thanks for your continued support.

Keita Ishii
President & COO
May 2, 2025