ITOCHU Announces Annual Report 2019 Selected as “Outstanding Integrated Report” by GPIF’s Domestic Equity Managers for Three Consecutive Years

February 14, 2020

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter “ITOCHU”) announced today that its Annual Report 2019 has been selected as “Outstanding Integrated Report” for three consecutive years and as “Highly-Improved Integrated Report” by asset managers that are entrusted with the domestic equities of the Government Pension Investment Fund (GPIF).

The following are the main comments from the asset managers who highly evaluated ITOCHU’s report.

・The report effectively communicates ITOCHU’s challenges of how to sustainably enhance its corporate values and businesses that have steadily grown to date, while having a sound sense of crisis.
It also promotes understanding that the company has regarded its human resources strategy as the core.

・It deserves high recognition because the company tries to visualize sustainability initiatives such as by describing PDCA based on non-financial KPIs.

・CEO Message covers the long-term vision and it is well worth reading.
The report contains sufficient information of each segment such as ROA by segment that are important to appraise a general trading company.
The disclosure of Net Profit (Loss) by Major Group Companies is interesting.

In addition, ITOCHU has received the Award for Excellence at the NIKKEI Annual Report Awards 2019 held by Nikkei Inc.

ITOCHU will continue its efforts to further improve its annual report and will communicate useful financial and non-financial information to stakeholders, centered on investors.

■Reference: Annual Report 2019 (for fiscal year ended March 31, 2019)