Appendix
Supplementary Information on
FYE 2023 1st Quarter Business Results Summary
11
Textile
(Unit : billion yen)
FYE 2022 | FYE 2023 | Increase/ | ||
Q1 Results | Q1 Results | Decrease | ||
Gross trading profit | 22.1 | 23.9 | + | 1.8 |
Equity in earnings of associates and | 0.7 | 1.2 | + | 0.4 |
joint ventures | ||||
Net profit attributable to ITOCHU | 5.3 | 4.1 | (1.2) | |
Core profit | 3.3 | 4.1 | + | 0.8 |
Summary of changes
(Net profit attributable to ITOCHU)
Decreased due to the absence of extraordinary gains in the same period of the previous fiscal year, partially offset by the improvement of apparel-related companies resulting from the alleviation of the impact of COVID-19.
FYE 2023 | |
Forecast | Progress |
120.0 | 20% |
26.0 | 16% |
Mar. 2022 | Jun. 2022 | Increase/ | ||
Results | Results | Decrease | ||
Total assets | 436.8 | 445.6 | + | 8.8 |
Net profit attributable to ITOCHU | Profits/Losses from Major Group Companies | |||||||||
Owner | FYE 2022 | FYE 2023 | FYE 2022 | FYE 2023 | ||||||
-ship | Q1 Results Q1 Results | Results | Forecast | |||||||
30 | 25.1 | 26.0 | JOI'X CORPORATION | 100.0% | (0.2) | 0.0 | 0.7 | 1.2 | ||
DESCENTE LTD. | 40.0% | 0.4 | 0.9 | 2.7 | 3.8 (*1) | |||||
8.5 | EDWIN CO., LTD. | 98.5% | 1.2 | 0.2 | 1.6 | 0.5 | ||||
15 | 6.6 | 21.9 | Sankei Co., Ltd. | 100.0% | 0.1 | 0.3 | 0.5 | 0.6 | ||
4.7 | ITOCHU Textile Prominent (ASIA) Ltd. | (Hong Kong) | 100.0% | 0.2 | 0.5 | 2.0 | 2.2 | |||
[IPA] | ||||||||||
5.3 | 4.1 | ITOCHU TEXTILE (CHINA) CO., | LTD. | (China) | 100.0% | 0.3 | 0.4 | 1.7 | 1.8 | |
0 | [ITS] | |||||||||
FYE 2022 | FYE 2023 | (*1) The figures are the company's forecast announced, excluding IFRS adjustment, |
multiplied by ITOCHU's ownership percentage. | ||
Q1 Q2 Q3 Q4 Q2-4 Forecast
12
Machinery
(Unit : billion yen)
FYE 2022 | FYE 2023 | Increase/ | Summary of changes | FYE 2023 | |||
Q1 Results | Q1 Results | Decrease | (Net profit attributable to ITOCHU) | Forecast | Progress | ||
Gross trading profit | 50.6 | 52.4 | + | 1.8 | Decreased due to impairment losses on aircrafts | 199.0 | 26% |
Equity in earnings of associates and | 15.8 | 2.9 | (12.9) | leased to Russian airlines in a leasing-related | |||
joint ventures | company and the decrease in extraordinary gains | ||||||
Net profit attributable to ITOCHU | 26.2 | 18.7 | (7.6) | compared to the same period of the previous | 72.0 | 26% | |
fiscal year, partially offset by charter income | |||||||
Core profit | 21.2 | 24.7 | + | 3.4 | resulting from favorable shipping market and | ||
Mar. 2022 | Jun. 2022 | Increase/ | increase in dividends from automobile-related | ||||
investments. | |||||||
Results | Results | Decrease | |||||
Total assets | 1,302.7 | 1,403.7 | + | 101.1 | |||
Net profit attributable to ITOCHU | Profits/Losses from Major Group Companies Owner | FYE 2022 FYE 2023 | FYE 2022 | FYE 2023 | |
-ship | Q1 Results Q1 Results | Results | Forecast | ||
80 | 80.0 | 72.0 |
14.1 | ||
60 | 20.4 | |
40 | 53.3 | |
19.3 | ||
20 | 26.2 | |
18.7 | ||
0 | ||
FYE 2022 | FYE 2023 |
Q1 Q2 Q3 Q4 Q2-4 Forecast
Tokyo Century Corporation | 30.0% | 5.3 | (3.5) | 16.0 | 6.0 (*1) | |||||||
I-Power Investment Inc. | (U.S.A.) | 100.0% | 1.2 | 0.9 | 4.1 | 2.3 | ||||||
I-ENVIRONMENT INVESTMENTS LIMITED [IEI] | (U.K.) | 100.0% | 6.0 | 0.7 | 7.5 | 1.9 | ||||||
ITOCHU Plantech Inc. | 60.0% | 0.2 | 0.2 | 0.8 | 0.7 | |||||||
(Reference) Group total (incl. The 8th's portion) | 100.0% | 0.3 | 0.3 | 1.4 | 1.2 | |||||||
IMECS Co., Ltd. | 100.0% | 1.2 | 1.0 | 4.2 | 2.4 | |||||||
JAMCO Corporation | 33.4% | (0.1) | 0.1 | (1.4) | 0.3 (*1) | |||||||
JAPAN AEROSPACE CORPORATION | 100.0% | 0.1 | 0.3 | 1.6 | 1.5 | |||||||
YANASE & CO., LTD. | 66.0% | 2.8 | 2.8 | 9.7 | 7.5 | |||||||
Auto Investment Inc. [AII] | (U.S.A.) | 100.0% | 0.7 | 0.8 | 2.7 | 1.5 | ||||||
ITOCHU TC CONSTRUCTION MACHINERY CO., LTD. | 50.0% | 0.0 | 0.0 | 0.3 | 0.3 | |||||||
ITOCHU MACHINE-TECHNOS CORPORATION | 100.0% | 0.1 | (*2) | (0.1) | 1.0 | (*2) | 1.4 | |||||
Century Medical, Inc. | 100.0% | 0.2 | 0.1 | 0.6 | 0.5 | |||||||
MULTIQUIP INC. | (U.S.A.) | 100.0% | 1.0 | 1.5 | 3.7 | 3.2 | ||||||
(*1) | The figures are the company's forecast | announced, | excluding | |||||||||
IFRS adjustment, | ||||||||||||
multiplied by ITOCHU's ownership percentage. | ||||||||||||
(*2) ITOCHU MACHINE-TECHNOSCORPORATION and ITOCHU SysTech Corporation merged | ||||||||||||
and formed ITOCHU MACHINE-TECHNOS CORPORATION on Apr. 1. | ||||||||||||
The figures show the aggregate amounts of both companies. | 13 | |||||||||||
Metals & Minerals
(Unit : billion yen)
FYE 2022 | FYE 2023 | Increase/ | ||
Q1 Results | Q1 Results | Decrease | ||
Gross trading profit | 53.5 | 69.9 | + | 16.4 |
Equity in earnings of associates and | 11.8 | 17.4 | + | 5.7 |
joint ventures | ||||
Net profit attributable to ITOCHU | 77.9 | 75.4 | (2.5) | |
Core profit | 55.9 | 75.4 | + | 19.5 |
Mar. 2022 | Jun. 2022 | Increase/ | ||
Results | Results | Decrease | ||
Total assets | 1,285.3 | 1,404.5 | + | 119.2 |
Summary of changes
(Net profit attributable to ITOCHU)
Decreased due to lower iron ore prices and the absence of extraordinary gains in the same period of the previous fiscal year, partially offset by higher coal prices and higher earnings in Marubeni-Itochu Steel resulting from
the favorable performance in North American steel pipe business and North American sheet construction materials business.
FYE 2023
Forecast Progress
- 41%
- 38%
Net profit attributable to ITOCHU | Profits/Losses from Major Group Companies | |||||||||||
Owner | FYE 2022 | FYE 2023 | FYE 2022 | FYE 2023 | ||||||||
226.0 | -ship | Q1 Results Q1 Results | Results | Forecast | ||||||||
ITOCHU Minerals & Energy of | (Australia) | 100.0% | 47.5 | 53.5 | 158.7 | 148.4 | ||||||
197.0 | ||||||||||||
200 | 45.7 | Australia Pty Ltd [IMEA] | Iron ore | N.A. | 47.2 | 39.0 | 147.9 | - (*1) | ||||
150 | 45.0 | Coal | N.A. | 0.3 | 14.5 | 10.8 | - (*1) | |||||
JAPÃO BRASIL MINÉRIO DE | ||||||||||||
121.6 | (Brazil) | 77.3% | 0.4 | 4.7 | 3.7 | - (*1) | ||||||
FERRO PARTICIPAÇÕES LTDA. [JBMF] | ||||||||||||
100 | 57.4 | Marubeni-Itochu Steel Inc. | 50.0% | 5.6 | 13.5 | 31.3 | - (*1) | |||||
ITOCHU Metals Corporation | 70.0% | 0.5 | 0.6 | 2.1 | 2.0 | |||||||
50 | 77.9 | 75.4 | (Reference) Group total (incl. The 8th's portion) | 100.0% | 0.7 | 0.8 | 3.1 | 2.8 | ||||
(*1) Due to the relationships with investees and partners, "FYE 2023 Forecast" is not presented. | ||||||||||||
0 | FYE 2022 | FYE 2023 | FYE 2022 | FYE 2023 | ||||||||
FYE 2022 | FYE 2023 | ITOCHU's Ownership (Sales Results) | ||||||||||
Q1 Results Q1 Results | Results | Forecast | ||||||||||
Q1 | Q2 | Q3 | Q4 | Q2-4 Forecast | Iron ore(million tons) | 6.0 | 5.9 | 23.2 | 24.5 | |||
IMEA | 5.5 | 5.4 | 21.1 | 22.0 | ||||||||
JBMF(CSN Mineração S.A.) | 0.6 | 0.5 | 2.1 | 2.5 |
14
Energy & Chemicals
(Unit : billion yen)
FYE 2022 | FYE 2023 | Increase/ | Summary of changes | FYE 2023 | |||||||
Q1 Results | Q1 Results | Decrease | (Net profit attributable to ITOCHU) | Forecast | Progress | ||||||
Gross trading profit | 56.9 | 70.0 | + | 13.1 | Increased due to the improvement | 268.0 | 26% | ||||
Energy | 23.8 | 34.4 | + | 10.6 | 134.0 | 26% | |||||
in profitability in energy trading transactions and | |||||||||||
Chemicals | 30.9 | 32.6 | + | 1.7 | 123.0 | 27% | |||||
CIECO Azer (Crude oil exploration and | |||||||||||
Power & Environmental Solution | 2.2 | 3.0 | + | 0.8 | 11.0 | 27% | |||||
production company) resulting from higher | |||||||||||
Equity in earnings of associates and | |||||||||||
3.9 | 6.2 | + | 2.2 | market prices, and higher equity in earnings. | |||||||
joint ventures | |||||||||||
Net profit attributable to ITOCHU | 15.0 | 21.9 | + | 6.9 | 85.0 | 26% | |||||
Energy | 3.4 | 10.0 | + | 6.6 | 44.0 | 23% | |||||
Chemicals | 9.7 | 9.4 | (0.2) | 31.0 | 30% | ||||||
Power & Environmental Solution | 1.9 | 2.5 | + | 0.6 | 10.0 | 25% | |||||
Core profit | 15.0 | 21.9 | + | 6.9 | |||||||
Mar. 2022 | Jun. 2022 | Increase/ | |||||||||
Results | Results | Decrease | |||||||||
Total assets | 1,489.3 | 1,693.5 | + | 204.2 | |||||||
Energy | 818.0 | 928.9 | + | 110.9 | |||||||
Chemicals | 602.2 | 670.1 | + | 68.0 | |||||||
Power & Environmental Solution | 69.1 | 94.5 | + | 25.4 | FYE 2022 FYE 2023 | FYE 2022 | FYE 2023 | ||||
Net profit attributable to ITOCHU | Profits/Losses from Major Group Companies Owner | ||||||||||
Forecast | |||||||||||
-ship Q1 Results Q1 Results Results |
89.6 | 85.0 | ITOCHU Oil Exploration | (Cayman Islands) | 100.0% | 1.3 | 4.1 | 8.9 | 5.2 | ||
(Azerbaijan) Inc. [CIECO Azer] | ||||||||||
80 | 25.0 | ITOCHU PETROLEUM CO., | (Singapore) | 100.0% | 0.3 | 0.6 | 1.4 | 1.2 | ||
(SINGAPORE) PTE. LTD. [IPC SPR] | ||||||||||
ITOCHU ENEX CO., LTD. | 54.0% | 1.4 | 2.4 | 7.1 | 7.0 (*1) | |||||
60 | Japan South Sakha Oil Co., Ltd. | 25.0% | 1.5 | 2.9 | 4.1 | - | (*2) | |||
Dividends from LNG Projects | N.A. | |||||||||
63.1 | 0.1 | 0.3 | 5.4 | 7.4 | ||||||
34.8 | ITOCHU CHEMICAL FRONTIER Corporation | 100.0% | 1.6 | 1.8 | 6.4 | 6.0 | ||||
40 | ITOCHU PLASTICS INC. | 60.0% | 0.8 | 0.8 | 2.8 | 3.1 | ||||
(Reference) Group total (incl. The 8th's portion) | 100.0% | 1.3 | 1.4 | 4.7 | 5.1 | |||||
14.9 | C.I. TAKIRON Corporation | 55.7% | 1.1 | 0.3 | 3.5 | 3.0 (*1) | ||||
20 | (*1) The figures are the company's forecast announced, excluding IFRS adjustment, | |||||||||
15.0 | 21.9 | multiplied by ITOCHU's ownership percentage. | ||||||||
(*2) Due to the relationships with investees and partners, "FYE 2023 Forecast" is not presented. | ||||||||||
0 | ITOCHU's Ownership (Sales Results) | FYE 2022 | FYE 2023 | |||||||||||||||
FYE 2022 | FYE 2023 | Results | Forecast | |||||||||||||||
Oil & Gas(1,000BBL/day*) | 37 | 33 | 15 | |||||||||||||||
Q1 | Q2 | Q3 | Q4 Q2-4 Forecast | |||||||||||||||
* Natural Gas converted to crude | oil is equivalent to 6,000cf =1BBL | |||||||||||||||||
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Itochu Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 09:26:06 UTC.