Outlook of consolidated operating results
As of May 2026
| FY 2025 | FY 2026 (Plan) | |
| Gross trading profit (billion yen) | 2,480.5 | 2,650.0 |
| Equity in earnings of associates and joint ventures (billion yen) | 323.5 | 400.0 |
| Net profit attributable to ITOCHU (billion yen) | 900.3 | 950.0 |
| Core profit (billion yen) | 781.5 | 900.0 |
| ROE (％) | 14.6% | Approx. 15% |
| EPS (yen) | 128.00 | 136.75 |
| DPS (yen) | 42.00 | 44.00 or higher |
For FY2026, we are targeting consolidated net profit of ¥950.0 billion, which would be a record high for the third consecutive year. In addition to continued organic growth in major core group companies such as DESCENTE and CTC, we expect steady contributions to core profit from synergies at newly invested companies such as Seven Bank and ANDPHARMA, profit contributions from new growth investment projects, and the steady turnaround of businesses that underperformed in FY2025. We will also continue to actively pursue asset replacements for low-efficiency assets and businesses that have peaked out, thereby realizing extraordinary gains and securing cash inflows. Our profit plan of ¥950.0 billion includes a loss buffer of ¥40.0 billion to address assumed risk scenarios. Growth investments are planned to reach a record high of ¥1.5 trillion. This includes annual CAPEX of ¥300.0 billion, which we continue to implement every year, and approximately ¥300.0 billion in projects already approved during FY2025, such as Hitachi Construction Machinery, North American power business, ITOCHU-SHOKUHIN, and Sun Frontier Fudousan. In addition to investments aimed at strengthening each segment, we will also actively pursue investments to create new core businesses.