Financials ITOCHU Corporation

Stocks

8001

JP3143600009

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange Other stock markets 12:00:00 14/07/2026 pm IST			5-day change	1st Jan Change
1,904.00 ^JPY	+1.41%		+0.55%	-3.59%

09/07	Itochu, Daikin Form Recycling Alliance for Commercial Air Conditioners	MT
08/07	Itochu, Daikin Industries to Launch JV to Recover Aluminum from Commercial ACs	MT

Projected Income Statement: ITOCHU Corporation

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net sales ¹	1,22,93,348	1,39,45,633	1,40,29,910	1,47,24,234	1,48,23,087	1,54,49,578	1,59,65,702	1,65,65,310
Change	-	13.44%	0.6%	4.95%	0.67%	4.23%	3.34%	3.76%
EBITDA ¹	9,86,706	11,11,875	11,23,243	11,33,922	11,76,044	12,19,042	13,32,958	13,93,517
Change	-	12.69%	1.02%	0.95%	3.71%	3.66%	9.34%	4.54%
EBIT ¹	5,82,522	7,01,913	7,02,900	6,83,915	7,17,348	7,94,322	8,43,766	9,11,724
Change	-	20.5%	0.14%	-2.7%	4.89%	10.73%	6.22%	8.05%
Interest Paid ¹	-28,976	-66,865	-1,00,641	-1,04,434	-1,05,610	-1,23,500	-1,32,000	-1,38,000
Earnings before Tax (EBT) ¹	11,50,029	11,06,861	10,95,707	11,55,059	11,99,466	12,64,033	13,15,893	13,81,435
Change	-	-3.75%	-1.01%	5.42%	3.84%	5.38%	4.1%	4.98%
Net income ¹	8,20,269	8,00,519	8,01,770	8,80,251	9,00,283	9,64,565	10,01,861	10,52,096
Change	-	-2.41%	0.16%	9.79%	2.28%	7.14%	3.87%	5.01%
Announcement Date	10/05/22	09/05/23	08/05/24	02/05/25	01/05/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2	2028 Q3	2028 Q4
Net sales ¹	29,16,818	29,57,952	32,18,884	31,99,694	33,78,021	36,14,143	35,52,055	34,01,414	33,48,491	34,25,607	36,76,963	35,78,849	35,98,918	36,92,389	37,48,140	36,84,787	35,58,933	36,90,226	37,37,092	38,36,836	35,59,501	36,90,357	37,41,315	38,34,827	38,37,994	39,75,148	40,33,506	41,25,353
Change	-	1.41%	8.82%	-0.6%	5.57%	6.99%	-1.72%	-4.24%	-1.56%	2.3%	7.34%	-2.67%	0.56%	2.6%	1.51%	-1.69%	-3.42%	3.69%	1.27%	2.67%	-7.23%	3.68%	1.38%	2.5%	0.08%	3.57%	1.47%	2.28%
EBITDA ¹	2,58,016	3,07,751	2,61,098	2,18,296	2,82,725	3,06,760	2,88,865	2,33,525	2,68,451	2,72,466	-	2,72,814	3,00,515	2,86,007	2,85,570	2,61,830	2,81,957	2,96,916	2,89,593	2,99,910	3,17,753	3,19,493	3,16,620	3,05,841	3,29,513	3,29,223	3,42,750	4,06,989
Change	-	19.28%	-15.16%	-16.39%	29.51%	8.5%	-5.83%	-19.16%	14.96%	1.5%	-	-	10.15%	-4.83%	-0.15%	-8.31%	7.69%	5.31%	-2.47%	3.56%	5.95%	0.55%	-0.9%	-3.4%	7.74%	-0.09%	4.11%	18.74%
EBIT ¹	1,53,310	2,09,273	1,60,601	1,17,793	1,83,035	2,05,498	1,85,862	1,27,518	1,67,237	1,67,887	1,88,160	1,63,818	1,90,539	1,76,205	1,71,011	1,46,160	1,70,735	1,83,405	1,75,082	1,80,458	1,84,824	1,88,273	1,84,314	1,70,580	1,93,898	1,96,197	2,11,482	2,64,438
Change	-	36.5%	-23.26%	-26.65%	55.39%	12.27%	-9.56%	-31.39%	31.15%	0.39%	12.08%	-12.94%	16.31%	-7.52%	-2.95%	-14.53%	16.81%	7.42%	-4.54%	3.07%	2.42%	1.87%	-2.1%	-7.45%	13.67%	1.19%	7.79%	25.04%
Charge d'intérêts	-7,677	-	-7,129	-	-8,592	-	-23,277	-	-23,316	-	-26,329	-	-26,023	-	-26,193	-	-25,540	-	-26,206	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT)	3,82,009	-	2,57,445	1,92,697	3,04,699	-	2,82,968	1,82,313	3,00,224	-	2,78,013	-	2,86,094	-	2,96,959	2,55,834	3,74,814	-	2,84,140	-	-	-	-	-	-	-	-	-
Change	-	-	-	-25.15%	58.12%	-	-	-35.57%	64.68%	-	-	-	-	-	-	-13.85%	46.51%	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	2,67,500	2,33,112	1,78,252	1,41,405	2,30,631	2,52,400	1,99,198	1,18,290	2,13,237	1,99,662	1,98,794	1,90,077	2,06,601	2,31,841	2,38,034	2,03,775	2,83,939	2,16,341	2,05,017	1,94,986	2,73,389	2,43,702	2,11,076	2,36,921	2,70,783	2,86,923	1,83,657	2,84,729
Change	-	-12.86%	-23.53%	-20.67%	63.1%	9.44%	-21.08%	-40.62%	80.27%	-6.37%	-0.43%	-4.38%	8.69%	12.22%	2.67%	-14.39%	39.34%	-23.81%	-5.23%	-4.89%	40.21%	-10.86%	-13.39%	12.24%	14.29%	5.96%	-35.99%	55.03%
Announcement Date	04/08/21	05/11/21	03/02/22	10/05/22	05/08/22	04/11/22	03/02/23	09/05/23	04/08/23	05/11/23	05/02/24	08/05/24	05/08/24	06/11/24	06/02/25	02/05/25	01/08/25	05/11/25	06/02/26	01/05/26	-	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 S2	2023 S1	2024 S1	2025 S1	2026 S1
Net sales ¹	64,18,578	69,92,164	67,74,098	72,91,307	72,49,159
Change	-	8.94%	-3.12%	7.64%	-0.58%
EBITDA	-	-	-	-	-
Change	-	-	-	-	-
EBIT ¹	2,78,394	3,88,533	3,50,922	3,66,744	3,54,140
Change	-	39.56%	-9.68%	4.51%	-3.44%
Charge d'intérêts ¹	-	-23,520	-48,761	-52,317	-51,325
Earnings before Tax (EBT) ¹	4,50,142	6,41,580	5,71,824	6,02,266	6,61,959
Change	-	42.53%	-10.87%	5.32%	9.91%
Net income ¹	3,19,657	4,83,031	4,12,899	4,38,442	5,00,280
Change	-	51.11%	-14.52%	6.19%	14.1%
Announcement Date	10/05/22	04/11/22	05/11/23	06/11/24	05/11/25

¹JPY in Million

Estimates

Forecast Balance Sheet: ITOCHU Corporation

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net Debt ¹	22,83,000	23,91,169	27,41,600	35,50,800	30,24,272	35,62,276	36,46,435	35,46,342
Change	-	4.74%	14.66%	29.52%	-14.83%	17.79%	2.36%	-2.74%
Announcement Date	10/05/22	09/05/23	08/05/24	02/05/25	01/05/26	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: ITOCHU Corporation

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
CAPEX ¹	1,24,883	1,65,700	1,36,384	1,92,634	2,60,083	3,58,452	2,42,480	2,53,878
Change	-	32.68%	-17.69%	41.24%	35.01%	37.82%	-32.35%	4.7%
Free Cash Flow (FCF) ¹	8,39,800	4,84,300	7,72,100	4,81,000	8,71,754	3,01,750	5,29,000	5,90,200
Change	-	-42.33%	59.43%	-37.7%	81.24%	-65.39%	75.31%	11.57%
Announcement Date	10/05/22	09/05/23	08/05/24	02/05/25	01/05/26	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: ITOCHU Corporation

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Profitability
EBITDA Margin (%)	8.03%	7.97%	8.01%	7.7%	7.93%	7.98%	8.3%	8.7%
EBIT Margin (%)	4.74%	5.03%	5.01%	4.64%	4.84%	5.18%	5.25%	5.61%
EBT Margin (%)	9.35%	7.94%	7.81%	7.84%	8.09%	8.21%	8.17%	8.46%
Net margin (%)	6.67%	5.74%	5.71%	5.98%	6.07%	6.26%	6.22%	6.4%
FCF margin (%)	6.83%	3.47%	5.5%	3.27%	5.88%	1.96%	3.29%	3.57%
FCF / Net Income (%)	102.38%	60.5%	96.3%	54.64%	96.83%	31.3%	52.84%	55.82%
Profitability
ROA	9.86%	8.76%	7.94%	5.94%	7.53%	5.66%	5.65%	5.64%
ROE	21.8%	17.8%	15.6%	15.74%	14.6%	14.25%	14.08%	13.76%
Financial Health
Leverage (Debt/EBITDA)	2.31x	2.15x	2.44x	3.13x	2.57x	2.9x	2.73x	2.47x
Debt / Free cash flow	2.72x	4.94x	3.55x	7.38x	3.47x	11.81x	6.89x	6.01x
Capital Intensity
CAPEX / Current Assets (%)	1.02%	1.19%	0.97%	1.31%	1.75%	2.33%	1.51%	1.54%
CAPEX / EBITDA (%)	12.66%	14.9%	12.14%	16.99%	22.12%	29.19%	18.14%	17.66%
CAPEX / FCF (%)	14.87%	34.21%	17.66%	40.05%	29.83%	118.79%	45.84%	43.02%
Items per share
Cash flow per share ¹	165.1	165.2	168.6	139.5	193.2	171.7	182.3	191.6
Change	-	0.06%	2.08%	-17.25%	38.51%	-11.14%	6.17%	5.1%
Dividend per Share ¹	22	28	32	40	42	44.5	47.33	50.56
Change	-	27.27%	14.29%	25%	5%	5.95%	6.37%	6.81%
Book Value Per Share ¹	571.5	662.4	754.4	811.8	942.8	995.2	1,074	1,164
Change	-	15.9%	13.89%	7.62%	16.13%	5.56%	7.88%	8.43%
EPS ¹	110.6	109.2	110.6	123.1	128	139.7	147.2	157
Change	-	-1.22%	1.26%	11.33%	3.96%	9.16%	5.38%	6.64%
Nbr of stocks (in thousands)	73,47,878	72,79,479	71,94,196	70,94,702	69,92,478	69,89,913	69,89,913	69,89,913
Announcement Date	10/05/22	09/05/23	08/05/24	02/05/25	01/05/26	-	-	-