Financials ITOCHU Corporation

Equities

8001

JP3143600009

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange Other stock markets 12:00:00 11/07/2025 pm IST			5-day change	1st Jan Change
7,617.00 ^JPY	+0.36%		+1.06%	-2.75%

04/07	SkyDrive Inc. announced that it has received ¥8.3 billion in funding from a group of investors	CI
01/07	Tranche Update on ITOCHU Corporation's Equity Buyback Plan announced on May 2, 2025.	CI

Projected Income Statement: ITOCHU Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	1,09,82,968	1,03,62,628	1,22,93,348	1,39,45,633	1,40,29,910	1,47,24,234	1,52,49,717	1,54,69,857
Change	-	-5.65%	18.63%	13.44%	0.6%	4.95%	3.57%	1.44%
EBITDA ¹	8,22,062	8,27,711	9,86,706	11,11,875	11,23,243	11,33,922	12,58,326	12,26,076
Change	-	0.69%	19.21%	12.69%	1.02%	0.95%	10.97%	-2.56%
EBIT ¹	3,99,438	4,03,414	5,82,522	7,01,913	7,02,900	6,83,915	7,53,487	7,58,846
Change	-	1%	44.4%	20.5%	0.14%	-2.7%	10.17%	0.71%
Interest Paid ¹	-57,600	-36,218	-28,976	-66,865	-1,00,641	-1,04,434	-1,22,000	-1,33,000
Earnings before Tax (EBT) ¹	7,01,430	5,12,475	11,50,029	11,06,861	10,95,707	11,55,059	12,06,702	12,14,534
Change	-	-26.94%	124.41%	-3.75%	-1.01%	5.42%	4.47%	0.65%
Net income ¹	5,01,322	4,01,433	8,20,269	8,00,519	8,01,770	8,80,251	8,94,856	9,18,950
Change	-	-19.93%	104.34%	-2.41%	0.16%	9.79%	1.66%	2.69%
Announcement Date	08/05/20	10/05/21	10/05/22	09/05/23	08/05/24	02/05/25	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	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
Net sales ¹	27,26,702	27,62,997	27,70,863	27,22,406	23,88,225	25,29,491	26,73,434	27,71,478	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	36,77,674	39,89,846	40,57,553	39,68,746	40,79,320	41,34,601	40,74,333
Change	-	1.33%	0.28%	-1.75%	-12.28%	5.92%	5.69%	3.67%	5.24%	1.41%	8.82%	-0.6%	5.57%	6.99%	-1.72%	-4.24%	-1.56%	2.3%	7.34%	-2.67%	0.56%	2.19%	8.49%	1.7%	-2.19%	2.79%	1.36%	-1.46%
EBITDA ¹	-	-	-	-	-	-	-	2,05,145	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	3,42,607	3,36,216	3,17,610	2,87,668	2,73,108	3,18,189	3,50,035
Change	-	-	-	-	-	-	-	-	25.77%	19.28%	-15.16%	-16.39%	29.51%	8.5%	-5.83%	-19.16%	14.96%	1.5%	-	-	10.15%	14.01%	-1.87%	-5.53%	-9.43%	-5.06%	16.51%	10.01%
EBIT ¹	1,02,384	-	98,352	78,447	72,081	-	1,14,090	98,388	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	2,22,316	2,27,017	2,08,718	1,70,960	1,57,444	2,02,051	2,25,019
Change	-	-	-	-20.24%	-8.12%	-	-	-13.76%	55.82%	36.5%	-23.26%	-26.65%	55.39%	12.27%	-9.56%	-31.39%	31.15%	0.39%	12.08%	-12.94%	16.31%	16.68%	2.11%	-8.06%	-18.09%	-7.91%	28.33%	11.37%
Charge d'intérêts	-16,195	-	-13,639	-12,246	-10,121	-	-9,653	-	-7,677	-	-7,129	-	-8,592	-	-23,277	-	-23,316	-	-26,329	-	-26,023	-	-	-	-	-	-	-
Earnings before Tax (EBT)	1,97,794	-	1,91,126	1,11,494	1,38,899	-	1,59,591	-	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	-	-	2,69,800	-	-	-	-
Change	-	-	-	-41.66%	24.58%	-	-	-	-	-	-	-25.15%	58.12%	-	-	-35.57%	64.68%	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	1,47,287	1,41,781	1,37,605	74,649	1,04,759	1,47,749	1,11,810	37,115	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	2,17,681	2,55,477	2,06,756	2,68,960	1,74,912	2,13,659	2,16,508
Change	-	-3.74%	-2.95%	-45.75%	40.34%	41.04%	-24.32%	-66.81%	620.73%	-12.86%	-23.53%	-20.67%	63.1%	9.44%	-21.08%	-40.62%	80.27%	-6.37%	-0.43%	-4.38%	8.69%	5.36%	17.36%	-19.07%	30.09%	-34.97%	22.15%	1.33%
Announcement Date	02/08/19	01/11/19	05/02/20	08/05/20	05/08/20	04/11/20	04/02/21	10/05/21	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	-	-	-	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2021 S1	2022 S1	2022 S2	2023 S1	2024 S1	2025 S1
Net sales	49,17,716	58,74,770	64,18,578	69,92,164	67,74,098	72,91,307
Change	-	19.46%	9.26%	8.94%	-3.12%	7.64%
EBITDA	-	-	-	-	-	-
Change	-	-	-	-	-	-
EBIT	1,90,936	3,04,128	2,78,394	3,88,533	3,50,922	3,66,744
Change	-	59.28%	-8.46%	39.56%	-9.68%	4.51%
Charge d'intérêts	-18,604	-14,899	-	-23,520	-48,761	-52,317
Earnings before Tax (EBT)	2,90,561	6,99,887	4,50,142	6,41,580	5,71,824	6,02,266
Change	-	140.87%	-35.68%	42.53%	-10.87%	5.32%
Net income ¹	2,52,508	5,00,612	3,19,657	4,83,031	4,12,899	4,38,442
Change	-	98.26%	-36.15%	51.11%	-14.52%	6.19%
Announcement Date	04/11/20	05/11/21	10/05/22	04/11/22	05/11/23	06/11/24

¹JPY in Million

Estimates

Forecast Balance Sheet: ITOCHU Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	33,90,988	36,64,974	22,83,000	23,91,169	27,41,600	35,50,800	33,68,306	32,26,973
Change	-	8.08%	-37.71%	4.74%	14.66%	29.52%	7.89%	-4.2%
Announcement Date	08/05/20	10/05/21	10/05/22	09/05/23	08/05/24	02/05/25	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: ITOCHU Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	1,47,688	1,52,583	1,24,883	1,65,700	1,36,384	1,92,634	74,365	1,00,000
Change	-	3.31%	-18.15%	32.68%	-17.69%	41.24%	-19.09%	34.47%
Free Cash Flow (FCF) ¹	7,30,445	6,88,604	8,39,800	4,84,300	7,72,100	4,81,000	4,92,250	6,27,750
Change	-	-5.73%	21.96%	-42.33%	59.43%	-37.7%	38.66%	27.53%
Announcement Date	08/05/20	10/05/21	10/05/22	09/05/23	08/05/24	02/05/25	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: ITOCHU Corporation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	7.48%	7.99%	8.03%	7.97%	8.01%	7.7%	8.25%	7.93%
EBIT Margin (%)	3.64%	3.89%	4.74%	5.03%	5.01%	4.64%	4.94%	4.91%
EBT Margin (%)	6.39%	4.95%	9.35%	7.94%	7.81%	7.84%	7.91%	7.85%
Net margin (%)	4.56%	3.87%	6.67%	5.74%	5.71%	5.98%	5.87%	5.94%
FCF margin (%)	6.65%	6.65%	6.83%	3.47%	5.5%	3.27%	3.23%	4.06%
FCF / Net Income (%)	145.7%	171.54%	102.38%	60.5%	96.3%	54.64%	55.01%	68.31%
Profitability
ROA	6.67%	4.64%	9.86%	8.76%	7.94%	5.94%	5.9%	5.77%
ROE	17%	12.7%	21.8%	17.8%	15.6%	15.74%	15.21%	14.37%
Financial Health
Leverage (Debt/EBITDA)	4.12x	4.43x	2.31x	2.15x	2.44x	3.13x	2.68x	2.63x
Debt / Free cash flow	4.64x	5.32x	2.72x	4.94x	3.55x	7.38x	6.84x	5.14x
Capital Intensity
CAPEX / Current Assets (%)	1.34%	1.47%	1.02%	1.19%	0.97%	1.31%	0.49%	0.65%
CAPEX / EBITDA (%)	17.97%	18.43%	12.66%	14.9%	12.14%	16.99%	5.91%	8.16%
CAPEX / FCF (%)	20.22%	22.16%	14.87%	34.21%	17.66%	40.05%	15.11%	15.93%
Items per share
Cash flow per share ¹	618.5	555	825.3	825.8	842.9	697.5	778.8	843.9
Change	-	-10.26%	48.69%	0.06%	2.08%	-17.25%	8.63%	8.36%
Dividend per Share ¹	85	88	110	140	160	200	205.6	213.9
Change	-	3.53%	25%	27.27%	14.29%	25%	2.78%	4.05%
Book Value Per Share ¹	2,010	2,233	2,858	3,312	3,772	4,059	4,354	4,750
Change	-	11.07%	27.98%	15.9%	13.89%	7.62%	6.02%	9.09%
EPS ¹	335.6	269.8	552.9	546.1	553	615.6	645.4	664
Change	-	-19.59%	104.89%	-1.22%	1.26%	11.33%	3.99%	2.88%
Nbr of stocks (in thousands)	14,90,280	14,84,921	14,69,576	14,55,896	14,38,839	14,13,586	14,13,586	14,13,586
Announcement Date	08/05/20	10/05/21	10/05/22	09/05/23	08/05/24	02/05/25	-	-