ITOCHU : FY2025 3rd Quarter Business Results Summary

FY2025 3rd Quarter Business Results Summary

ITOCHU Corporation (8001)

February 6, 2026

The

Brand-new Deal

Forward-Looking Statements

Data and projections contained in these materials are based on the information available at the time of publication, and various factors may cause the actual results to differ materially from those presented in such forward-looking statements. ITOCHU Corporation, therefore, wishes to caution that readers should not place undue reliance on forward-looking statements, and further, that ITOCHU Corporation has no obligation to update any forward-looking statements as a result of new information, future events or other developments.

* FY2025 refers to the fiscal year ending March 2026.

Copyright © ITOCHU Corporation. All Rights Reserved.

Performance & business environments

Full-year forecast

Shareholder returns

Solid progress in Q1-3 results

Revised full-year core profit forecast

Additional share buybacks of ¥20.0 bn

Both consolidated net profit of ¥705.3 bn

(78% progress) and operating cash flows of

¥718.7 bn, reached record-highs.

Previous

¥800.0-820.0 bn

(Period: From February 9 to March 31, 2026)

Achieves initial share buyback plan of ¥170.0 bn

Completing turnaround projects

• Executed capital restructuring of IFL, alongside steady improvements in turnaround projects set at the beginning of FY25

• Demonstrated the commitment not to carry over management challenges

Revised Approx. ¥800.0 bn

While upwardly revising The 8th and Others with favorable performance, Metals & Minerals is downwardly revised, resulting in a more reliable forecast.

Enhancing shareholder returns to maintain ROE

• Implement appropriate capital allocation considering the pace of profit growth

• With the increase in annual DPS announced in Nov 2025, the total payout ratio is 52%

	Initial plan (May 2, 2025)	Previous forecast (November 5, 2025)
Consolidated net profit	¥900.0 bn
Core profit	¥770.0-850.0 bn	¥800.0-820.0 bn
Dividend per share	¥40(*)	¥42(*)
Share buybacks	Approx. ¥170.0 bn	¥150.0 bn or more
Total payout ratio	Aiming at 50%

Revised forecast (February 6, 2026)

¥900.0 bn

Approx. ¥800.0 bn

¥42(*)

¥170.0 bn

52%

Q1-3 Result

¥705.3 bn Record High

Approx. ¥573.5 bn

(*) Based on the share split effective January 1, 2026 (5-for-1 split of common shares), the interim dividend amount has been adjusted (pre-split dividend × 1/5) and is stated accordingly.

Quantitative Results

[ ]: Compared to the same period of the previous fiscal year

Consolidated net profit

Record high

Progress

78%

Core profit

(Approx.)

Core operating cash flows

Operating cash flows

Record high

¥705.3

(FY24 Q1-3)

676.5→ bn [+28.8]

(FY24 Q1-3)

¥573.5 bn [(8.0)]

(FY24 Q1-3)

¥717.0 bn [(3.0)]

(FY24 Q1-3)

¥718.7 bn [+12.4]

581.5→

720.0→

706.2→

YoY

Non-Resource+22.0 ／ Resource (32.0)

FY2025 Shareholder returns

Ratio of group companies

reporting profits

87.6%

Investments NET DER

52%

Total payout ratio

（Initial plan）

Aiming at 50% →

Record-high allocation to both dividends and share buybacks

Dividend per share(*)

¥42 (Continuing progressive dividend)

Share buybacks

¥170.0 bn Add. +20.0

(including CAPEX)

¥697.0 bn 0.52times

Key Points

Consolidated net profit: Achieved a record high of ¥705.3 billion for Q1-3, surpassing the ¥700.0 billion mark for the first time.

Progress toward the full-year forecast of ¥900.0 billion reached 78%, progressing steadily toward achieving the forecast.

Core profit: Although the Resource sector declined, the Non-Resource sector reached a record-high, driven by strengths in consumer-related areas such as Food, Textile and The 8th. Excluding FX (-¥16.0 billion) and resource price (-¥7.5 billion) effects, core profit increased YoY.

Growth Investments: ¥697.0 billion in Q1-3. Steadily accumulating high-quality projects while realizing cash inflows and extraordinary gains by asset

replacements.

Shareholder Returns: Decided additional ¥20.0 billion share buybacks to be completed by the end of March 2026. Combined with ¥150.0 billion of share buybacks already executed, total share buybacks reach ¥170.0 billion, achieved the initial commitment. With the increase in DPS announced with the H1, total payout ratio exceeds the initial plan at 52%.

(*) Based on the share split effective January 1, 2026 (5-for-1 split of common shares), the interim dividend amount has been adjusted (pre-split dividend × 1/5) and is stated accordingly.

YoY +28.8 [+4%]

705.3

(Unit：billion yen)

676.5

a

Others

・Non-Resource (5.0)

・Resource (10.5)

・Others (0.5)

Increase/Decrease in core profit

excluding resource price and forex impacts

(see breakdown on the right)

Resource

86.3

Resource

116.2

Resource (14.0)

Non-Resource

＋27.0

Forex (16.0)

b

prices

Resource (7.5)

Non-

Resource

83%

Non-Resource

558.7

Non-

Resource

88%

Non-Resource

613.4

Extraordinary gains and losses

＋37.0

8.0

• Sale of JAMCO 5.5

E

HUILES

PROVENC

• Sale of

14.0

lease company

payment in a

• Settlement

• Sale of CPP 88.0

Approx.

（FY24 Q1-3） FY25 Q1-3

95.0 → 132.0

FY25 Q1-3 major items:

・ Iron ore

US$105 → US$ 102

・ Crude Oil

US$ 79 → US$ 66

・Crude Oil (1.0)

(4.5)

・Coal

(2.0)

・Iron ore

Approx.

・ Yen/US$

152.64 → 148.71

Approx. (*1)

a Resource (14.0) Major items:

Metals & (13.0) 【ー】IMEA, Minerals Aluminum transactions Energy & (1.0) Chemicals

b Non-Resource +27.0 Major items:

Food + 16.0 【＋】Provisions-related Textile + 11.5 【＋】DESCENTE The 8th + 10.0 【＋】FamilyMart ICT & Financial + 2.5 【＋】CTC Business Energy & + 2.0 【＋】Energy transactions, Chemicals C.I. TAKIRON General (14.0) 【 ー】IFL, ITOCHU Property Products & Realty Development Machinery (1.0) 【 ー】Shipping business

Consolidated net profit (*2)

FY24 Q1-3

(*1) Forex valuation losses are included. (*2) The total includes "Others."

Consolidated net profit (*2)

FY25 Q1-3

(Unit : billion yen)

		FY24 Q1-3			FY25 Q1-3			Inc/Dec
		Core profit	Extra. G&L(*1)	Consolidated net profit	Core profit	Extra. G&L(*1)	Consolidated net profit	Core profit	Extra. G&L(*1)	Consolidated net profit
	Textile	20.4	50.0	70.4＊	32.1＊	4.0	36.1	+ 11.7	(46.0)	(34.3)
	Machinery	99.8＊	4.0	103.8	97.7	18.5	116.2＊	(2.1)	+ 14.5	+ 12.4
	Metals & Minerals	133.1	-	133.1	103.5	-	103.5	(29.7)	-	(29.7)
	Energy & Chemicals	50.1	0.5	50.6	49.0	6.0	55.0	(1.1)	+ 5.5	+ 4.4
	Food	56.5	3.5	60.0	72.0＊	10.5	82.5	+ 15.5	+ 7.0	+ 22.5
	General Products & Realty	40.6	2.0	42.6	26.1	-	26.1	(14.6)	(2.0)	(16.6)
	ICT & Financial Business	56.0	2.0	58.0	58.8＊	2.0	60.8	+ 2.8	-	+ 2.8
	The 8th	34.4	29.5	63.9	44.3＊	1.0	45.3	+ 9.9	(28.5)	(18.6)
	Others, Adjustments & Eliminations	90.5＊	3.5	94.0	89.9	90.0	179.9＊	(0.5)	+ 86.5	+ 86.0
Total(*2)		581.5	95.0	676.5	573.5	132.0	705.3＊	(8.0)	+ 37.0	+ 28.8
Non-Resource		464.0	95.0	558.7	486.0＊	127.5	613.4＊	+ 22.0	+ 32.5	+ 54.6
Resource		116.0	-	116.2	84.0	2.5	86.3	(32.0)	+ 2.5	(29.9)
Others		1.5	-	1.5	3.5	2.0	5.6	+ 2.0	+ 2.0	+ 4.1
Non-Resource (%)(*3)		80%	-	83%	85%	-	88%	Increased 5pt	-	Increased 5pt

676.5

705.3

FY24 Q1-3

FY25

Q1-3

Non-Resource

613.4

(Record High)

Non-Resource

558.7

(*1) Extra. G&L means "Extraordinary Gains and Losses."

(*2) The total amount of core profits are approximate.

(*3) % composition is calculated using the total of Non-Resource and Resource sectors as 100%.

＊Record High

(Unit : billion yen)		FY24 Q1-3	FY25 Q1-3	Inc/Dec		Summary of Changes
	Textile	20.4	32.1＊	+ 11.7		【＋】 DESCENTE：Conversion into a consolidated subsidiary 【＋】 Overseas sports sector such as DESCENTE：Stable performance 【＋】 OEM business including Convenience Wear：Stable performance 【＋】 Expo(*1)-related business：Stable performance
	Machinery	99.8＊	97.7	(2.1)		【－】 Shipping business：Absence of the gain on the sale of ships in FY24 Q1-3 and decrease in charter income 【－】 Asian power generation company：Maintenance and repairs at facilities in FY25 Q1 【－】 YANASE：Decrease in new car sales volume and decline in profitability in used car transactions 【－】 Overseas automobile business：Lower sales volume in North America and forex impact	【＋】 North American power business：Increase in electricity sales revenue due to the demand for electricity and the absence of maintenance in FY24 Q1-3 【＋】 Citrus Investment：Increased ownership in Hitachi Construction Machinery and increase in sales in Europe/Asia 【＋】 ITOCHU MACHINE-TECHNOS：Increase in large, high-profit projects in FY25 Q3
	Metals &	133.1	103.5	(29.7)		【－】 IMEA：Lower iron ore and coal prices, forex impact, and increase in costs 【－】 CM：Lower earnings due to forex valuation loss partially offset by stable operation
	Minerals					【－】 Aluminum transactions：Absence of favorable performance in FY24 Q1-3 【－】 MISI：Delayed recovery in steel material and pipe prices
	Energy &	50.1	49.0	(1.1)		【－】 ITOCHU ENEX：Decrease in new and used car sales volume in Car-Life business 【－】 Japan South Sakha Oil：Lower production volume and forex valuation loss on foreign currency deposits 【－】 CIECO Azer：Lower sales prices	【＋】 Energy transactions：Improvement in profitability in LNG transactions 【＋】 C.I. TAKIRON：Increase in transactions of film business and increased ownership 【＋】 CIPS：Increase in transactions of packaging goods and electronic materials
	Chemicals
	Food	56.5	72.0＊	+ 15.5		【＋】 Provisions-related transactions/companies：Improvement in profitability 【＋】 Dole：Higher production and sales volume of bananas and increase in transactions of packaged foods business 【＋】 NIPPON ACCESS/ITOCHU-SHOKUHIN：Expansion of transactions
	General Products & Realty	40.6	26.1	(14.6)		【－】 IFL：Downturn in pulp prices and increase in costs 【－】 ITOCHU Property Development：Absence of concentrated sales of comprehensive development projects in FY24 Q1-2 【－】 DAIKEN：Decline in profitability in domestic business and lower earnings in overseas business 【－】 North American construction-materials business：Underperformance of housing structural materials business	【＋】 Nishimatsu Construction：Start of equity pick-up
	ICT & Financial	56.0	58.8＊	+ 2.8		【＋】 CTC：Favorable performance 【＋】 HOKEN NO MADOGUCHI GROUP：Higher agency commissions	【－】 Mobile-phone-related business：Lower earnings due to contract changes
	Business					【＋】 Improvement in remeasurement gains and losses for fund held investments 【＋】 Overseas retail-finance-related companies：Improvement in profitability	【－】 Orient Corporation：Excluded from the equity method in FY24
	The 8th	34.4	44.3＊	+ 9.9		【＋】 FamilyMart 〔＋〕 Increase in daily sales resulting from enhancement of product competitiveness and sales promotion 〔＋〕 Strengthening of business foundations such as the reorganization of store network 〔＋〕 Expansion of transactions in new businesses 〔－〕 Increase in costs caused by changes in external environment 【＋】 AND PHARMA：Start of equity pick-up
	Others,	90.5＊	89.9	(0.5)			【＋】 Orchid 〔＋〕 Decrease in interest expenses 〔＋〕 Major financial companies of CITIC：Stable performance 〔－〕 Appreciation of the yen
	Adjustments &					【－】 CPP：Excluded from the equity method in FY25
	Eliminations
Total (Approx.)		581.5	573.5	(8.0)

Copyright © ITOCHU Corporation. All Rights Reserved. ＊Record High

(*1) Expo 2025 Osaka, Kansai, Japan

6

Core Profit

Approx. ¥800.0 bn

Profit Forecast

Updated

Consolidated Net Profit

¥900.0 bn

Investment and Financial Policy

Only Core Profit updated since the previous disclosure

ROE Target

Investment Max. ¥1 trillion

NET DER

Less than 0.6 times

R O E

Approx.15％

Reference

(Unit：billion yen)

Previous 800.0～820.0

Updated

900.0

Yo Y

Core profit

+30.0(+4%)

4

Approx.

3

800.0

770.0

+15.0

Approx.

100.0

Updated

(20.0)

+35.0

Updated

1

2

1

Forex / Resource prices

Yen/US$

Yen/US$

Updates

145→150

(20.0)

Q1-3 results

(23.5)(*)

(*) Including forex valuation losses

〔Before〕 〔After〕

(35.0)

(20.0)

・Forex

・Resource prices

(10.0)

(10.0)

152.62→150

2

Turnarounds /

New investments in FY24

+35.0

＋20.0

・Turnarounds

・New investments in FY24

3

Organic growth /

+20.0

+15.0

Two coking coal projects, Dole, FUJI OIL, IFL, etc.

DESCENTE, C.I. TAKIRON,

Kawasaki Motors, etc.

+15.0

New investments in FY25

Updates

The recession risk is incorporated into organic growth and integrated.

〔Before〕 〔After〕

・Organic growth / New investments in FY25 ＋50.0-70.0

100.0

4 Extraordinary gains / losses

132.0

・Recession risk (20.0)

＋15.0

Core profit FY24 results

Forex/ Resource prices

Turnarounds/ New investments in FY24

Organic growth/ New investments in FY25

Core profit FY25 forecast

Extraordinary gains / losses

Consolidated net profit FY25 forecast

Approx. Approx.

Performance & outlook of core businesses Turnarounds

Strength in the Non-Resource sector remains solid,

IFL

Reduction of Metsä Fibre ownership stake

• In February 2026, IFL sold a portion of stake in Metsä Fibre to an existing shareholder. Metsä Fibre will be classified as a non-affiliated company from FY25 Q4.

• Continuing to collaborate in expanding the sales of Metsä Fibre products in the Asian market, while also pursuing additional opportunities for multifaceted cooperation.

with steady growth expected

Completing turnaround projects set at the beginning of FY25

c Two

oking

projects

coal

[Australia]

Although mining was slowed by a geological fault from April to September, operations thereafter have continued as planned.

[The U.S.]

Restructuring was completed in June, production resumed in September, one month ahead of schedule, and has been progressing smoothly.

The turnarounds are being carried out steadily, as planned.

Dole

FUJI OIL

(Unit：billion yen)		FY25 Forecast
			YoY
	DESCENTE Growth Strategy	13.3	+6.2
	North American power business Growth Strategy	17.0	+5.5
	CTC Growth Strategy	55.0	+4.5
	FamilyMart (*) Growth Strategy	49.5	+7.7

Outlook

DESCENTE business in China performs well. Further profit growth is expected driven by steady PMI progress in Japan, South Korea, and China, such as strengthening of branding in Japan including expansion of directly operated stores.

Strong momentum, capturing robust power demand from AI and data centers, while ongoing growth investments in renewables expand the portfolio.

Steady growth, driven by expansion in AI and security businesses and growth in high-margin development businesses, with continued strength expected as digitalization demand across a wide range of industries is steadily captured.

Further profit growth is expected through marketing initiatives; improving average spend per customer and margins through expanded sales of high-value-added products such as Convenience Wear; strengthening the business base; and expanding advertising and media businesses.

(*) FamilyMart's figures exclude extraordinary gains and losses. The difference from the FY25 revised forecast of ¥50.5 bn is an extraordinary gain of ¥1.0 bn recorded in FY25 Q1. Extraordinary gain of ¥28.0 bn in FY24 is also excluded.

(Unit: billion yen)

		FY25 Q1-3 Results	Previous Forecast (November 5, 2025)	Revised Forecast (February 6, 2026)	Increase /Decrease	Progress	Comments
	Textile	36.1	40.0	40.0	-	90%	Significant progress, driven by profit contributions from steady PMI initiatives at DESCENTE, as well as steady performance of overseas sports-related business, OEM business including Convenience Wear, and Expo(*1)-related business.
	Machinery	116.2	150.0	150.0	-	77%	Although the U.S. tariffs have affected on some businesses, due to strong performance in North American power business and the effects of depreciation of the yen, progress to the forecast is in line.
	Metals & Minerals	103.5	170.0	160.0	(10.0)	65%	The forecast has been revised downward due to factors such as increase of costs in IMEA (iron ore and coal businesses) caused by inflation and other factors, forex valuation loss from the continued appreciation of the Brazilian real in CM, delayed recovery in steel material and pipe prices, and others.
	Energy & Chemicals	55.0	75.0	75.0	-	73%	Chemical businesses and power trades have performed steadily. In Q4, dividend income from certain energy interests is expected, and progress to the forecast is in line.
	Food	82.5	92.0	92.0	-	90%	Significant progress, driven by the extraordinary gain from asset replacement, as well as steady performance of provisions-related transactions/companies, and food product marketing & distribution businesses.
	General Products & Realty	26.1	65.0	65.0	-	40%	Due to sluggish performance at IFL and other factors, progress in Q1-3 was low. However, in Q4, profits from capital restructuring in pulp business and real estate sales are expected.
	ICT & Financial Business	60.8	88.0	88.0	-	69%	CTC has performed well due to continued robust demand for digitalization. In addition, HOKEN NO MADOGUCHI GROUP and overseas retail-finance companies have performed steadily. Progress to the forecast in line because of concentrated profits in Q4.
	The 8th	45.3	39.0	42.0	＋ 3.0	108%	FamilyMart has performed strongly, and the forecast has been revised upward.
	Others, Adjustments & Eliminations	179.9	181.0	188.0	＋ 7.0	96%	In addition to steady performance by CITIC, combined with the effects of depreciation of the yen, compared with the initial plan has been revised upward.
Total		705.3	900.0	900.0	-	78%

Additional share buyback of ¥20.0 bn decided: total payout ratio to reach 52%, exceeding the initial plan and our management policy target of

"40% or more" for the second consecutive year.

Updated （previously disclosed : Aiming at 50%）

52 %

Total payout ratio

Dividend per share of ¥42 (*1) : continuing progressive dividend with 11 consecutive years of dividend increases.

FY25

Shareholder Returns

Dividends

¥42 per share,(*1) Maintaining Progressive Dividend

Add.

+20.0 （previously disclosed : ¥150.0 bn or more）

Share buybacks

¥170.0 bn

Dividend per share (yen)(*1)

Total payout ratio (%)

11 consecutive years of dividend increases,

maintaining a progressive dividend

33

41

Dividend per share (yen)
Interim	Year-end (Forecast)		Annual (Forecast)	YoY
	Share	22	42(*1)	+2(*1)
100	Split basis
	Pre-Share	110	210	+10
	Split basis

28.0 32.0

40.0 42.0

49

52%

FY25 Dividend Policy

10.0 11.0

36

38

39

27

33

14.0

16.6 17.0 17.6

22.0

34

(FY)

29

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

16.2

Share buybacks

(billion yen)

27.9

68.0

62.0

13.5

60.0

60.0

100.0

150.0

170.0

Executed share buybacks actively and continuously for 10 consecutive years

(*1) Dividend per share has been retroactively adjusted to reflect the share split on January 1, 2026 (5-for-1 split of common shares). The amounts are calculated as pre-split dividend × 1/5 (rounded to one decimal place).

FY24
Q1-3	Full-year
706.2	997.3
720.0＊	920.0
(538.0)	(576.0)
Approx. 182.0	Approx. 344.0
Interim ¥20(*5) (143.4)	Annual ¥40(*5) (285.4)
(139.0)	(150.0)
(282.4)	(435.4)
Approx. (100.0)	Approx. (91.0)

Financial Policy / Cash Allocation

＊Record High

Operating cash flows

Core operating cash flows (*1)Net investment cash flows(*2) Core free cash flows

(Unit: billion yen)

FY25 Forecast

Shareholder

Dividend

(*4)

returns

Share buybacks

Total

Cash allocation focused on

growth investments

• Investment amount : Max. ¥1 trillion

• Exit of around ¥400.0 bn is expected

Total payout ratio to reach 52％

・ DPS: ¥42 (*5)

・ Maintain progressive dividend and increase

in dividends for 11 consecutive years

・ Share buybacks : ¥170.0 bn

Decided on an additional ¥20.0 bn to be completed by the end of March 2026

Maintaining a solid financial foundation by balancing three factors

(Growth investments, shareholder returns, and control of interest-bearing debt)

NET DER : less than 0.6 times

Approx. 97.0

FY25 Q1-3	Key Points
718.7＊	Record High
717.0	・New Investments (495.0) ・CAPEX (202.0) ・EXIT 368.0
(329.0)
Approx. 388.0	Including a cash inflow of approx. ¥190.0 bn from the sale of C.P. Pokphand shares and the dividend.(*3)
Interim ¥20(*5) (140.7)	The ¥150.0 bn share buyback, started on May 7, 2025, was completed on December 16.
(150.0)
(290.7)

Core free cash flows

after deducting shareholder returns

(*1) "Operating cash flows" minus "Changes in working capital" plus "Repayments of lease liabilities, etc."

(*2) Payments and collections for substantive investment and CAPEX. "Investment cash flows" plus "Equity transactions with non-controlling interests" minus "Changes in loan receivables," etc.

(*3) The difference from the expected cash inflow of approximately ¥170.0 billion of the FY25 plan is mainly due to tax payments of around (¥20.0) billion related to this transaction, which are expected to be paid in FY26. (*4) Q1-3: Interim dividend for each fiscal year, Full-year: Total of interim and year-end dividends.

(*5) Dividend per share has been retroactively adjusted to reflect the share split on January 1, 2026 (5-for-1 split of common shares). The amounts are calculated as pre-split dividend × 1/5 (rounded to the nearest whole yen).

Investment Results

• : New Investment ●: CAPEX

FY24

Major items(*1) [Quarter mainly executed in]

〔 〕: amount in Q1-3

FY25 Q1-3

Major items(*1) [Quarter mainly executed in]

(Unit：billion yen)

[ ]: amount in Q3

Non-Resource	Consumer-related sector		DESCENTE (Privatized) WECARS Nishimatsu Construction (Additional investment) North American construction-materials business PASCO CAPEX: FamilyMart / ETEL / Dole / CTC / Prima, etc.	136.3 [Q3] 18.8 [Q1] 15.2 [Q2-3] 8.9 [Q1-3] 8.0 [Q3-4]		405.0 〔331.0〕	581.0 〔461.0〕
	Basic industry-related sector		C.I. TAKIRON (Privatized) North American power business Hitachi Construction Machinery (Additional investment) CAPEX: ITOCHU ENEX, etc.	37.6 [Q2,Q4] 26.9 [Q1,Q3] 20.2 [Q3-4]		176.0 〔130.0〕
Resource			CM (Additional investment) ● IMEA iron ore interest / CAPEX CAPEX: CIECO Azer, etc.	119.2 [Q3]			185.0 〔167.0〕
Growth Investment (gross) In Newent 523.0 vestm				CAPEX	243.0		766.0
							〔628.0〕
EXIT			Overseas real estate company (Partial sale) FUJI OIL INTERNATIONAL Orient Corporation (Partial sale)	(39.6) [Q4] (13.3) [Q4] (8.0) [Q3-4]			(190.0) 〔(90.0)〕

Net Investment(*2)	576.0
	〔538.0〕

	Consumer-related sector	Seven Bank DESCENTE (Squeeze-out) AND PHARMA We Sell Cellular Nishimatsu Construction (Additional investment) Wood Partners(*3) CAPEX: FamilyMart / Dole / Prima DAIKEN / ETEL / CTC, etc.	/	63.7 [Q3] 46.2 [Q1] 16.2 [Q3] 6.9 [Q1] 4.6 [Q1] [Q3]	405.0 [219.0]
Non-Resource						639.0 [267.0]
	Basic industry-related sector	Kawasaki Motors Hitachi Construction Machinery (Additional investment) AICHI CORPORATION North American power business YANASE (Additional investment)	80.3 [Q1] 35.9 [Q1] 23.8 [Q1] 21.6 [Q3] 6.1 [Q3]		234.0 [48.0]
		CAPEX: ITOCHU ENEX / C.I. TAKIRON, etc.
Resource		IMEA iron ore business CAPEX: IMEA / CIECO Azer, etc.	6.2 [Q3]			58.0 [38.0]
Growth Investment (gross) In Newent 495.0 vestm			CAPEX		202.0	697.0
						[305.0]
EXIT		C.P. Pokphand PROVENCE HUILES JAMCO	(156.8)(*4) [Q1] (17.1) [Q1] (15.1) [Q1-3]			(368.0) [(113.0)]
		Orient Corporation (Partial sale)	(9.5) [Q2]
Net Investment(*2)						329.0
						[192.0]

(*1) The figures are approximate.

(*2) Payments and collections for substantive investment and capital expenditure. "Investment cash flows" plus "Equity transactions with non-controlling interests" minus "Changes in loan receivables", etc. For the acquisition and sale of subsidiaries, the investment and exit amounts are shown before deducting the subsidiaries' cash and cash equivalents.

(*3) Based on contractual confidentiality obligations, the amount is not disclosed.

(*4) The total amount from the sale of shares (¥156.8 billion) and the dividend is approximately ¥190.0 billion.

Profits / Losses of Group Companies

Number / Ratio of Group Companies Reporting Profits

	Subsidiaries
	Associates and Joint Ventures
Number of Group Companies
Ratio

FY24 Q1-3			FY25 Q1-3			Increase / Decrease
Profits	Losses	Total	Profits	Losses	Total	Profits	Losses	Total
163	25	188	169	18	187	+ 6	(7)	(1)
66	9	75	65	15	80	(1)	+ 6	+ 5
229	34	263	234	33	267	+ 5	(1)	+ 4
87.1%	12.9%	100%	87.6%	12.4%	100%	+0.6%	(0.6%)

(*) The number of companies above includes investment companies directly invested by ITOCHU and its overseas trading subsidiaries. Investment companies that are considered as part of the parent company are not included.

Trend of Profits / Losses of Group Companies (by fiscal year)

Reference Group Companies: Profits / Losses and Ratio of Companies Reporting Profits - Yearly Trends

(Unit：billion yen)

800

¥791.8billion

100%

Profits of Group

Companies

600

90%

Losses of Group

Companies

400

91.6%

80%

Profits / Losses of

Group Companies

FY24

200

Ratio of Group Companies Reporting Profits

70%

Ratio of Group

Companies Reporting Profits

0

Number of Group companies

393

Number of Group companies

263

60%

(200)

(FY) 2010

2015

2020

2024

0%

Profits / Losses of Group Companies

(Unit : billion yen)

FY24	FY25	Increase/
Q1-3	Q1-3	Decrease
622.2	601.2	(20.9)
(17.8)	(15.3)	+ 2.4
604.4	585.9	(18.5)

Profits of Group

Companies

Losses of Group Companies

50%

Total

Assumptions

Exchange rate (Yen/US$)	Average
	Closing
Interest rate (%)	TIBOR 3M (¥)
	SOFR 3M (US$)

FY24 Q1-3

152.64

Mar. 2025149.52

0.40%

4.97%

79.25

105 (*3)

FY25 Q1-3

148.71

Dec. 2025 156.56

0.81%

4.10%

65.99

102 (*3)

FY25 Previous Forecast (Disclosed on November 5)	FY25 Revised Forecast (Disclosed on February 6)
145	150
145	150
1.00%	1.00%
4.25%	4.25%
65	65
N.A. (*4)	N.A. (*4)

(Reference) Sensitivities on consolidated net profit for FY25 Q4
1 Yen fluctuation against US$	Approx. ±¥0.8 bn (*1)
	-
0.1% fluctuation of interest rate	- (*2)
	- (*2)
± ¥0.07 bn (*5)
± ¥0.13 bn (*5)

Crude oil (Brent) (US$/BBL) Iron ore (CFR China) (US$/ton)

(*1) The impact in case the average exchange rate during FY25 Q4 depreciated(increase)/appreciated(decrease) is shown.

(*2) It is assumed that the increase/decrease in interest income/expense will be offset by the impact of interest rate fluctuation on the transaction prices.

However, in the situation that interest rate fluctuates significantly, interest cost may have temporary impact on the Company's performance.

(*3) FY24 Q1-3 and FY25 Q1-3 prices for iron ore are prices that ITOCHU regards as general transaction prices based on the market.

(*4) The prices of iron ore used in the FY25 Forecast are assumptions made in consideration of general transaction prices based on the market.

The actual prices are not presented, as they are subject to negotiation with individual customers and vary by ore type.

(*5) The above sensitivities vary according to changes in sales volume, foreign exchange rates, production cost, etc.

Grow Earnings: Growth Investments in the U.S. Market

Machinery

Accelerating Investment in the North American Power Business

General Products & Realty

Capital and Business Alliance with a Major U.S. Real Estate Company

PressRelease

Environment

U.S. power demand is surging, driven by AI and data centers. While the U.S. govern-

• Acquired a 19.5% stake in Wood Partners, a leading multifamily developer

  ment is accelerating capacity expansion, tight supply-demand conditions are expected to continue

  O&M

  Development

  (Solar etc.)

  Renewable

  Asset Ownership

  (Gas-fired, Wind etc)

  Long-term stable profit

  High-efficiency, develop-to-sell model

  for the time being, supporting strong performance in power generation and O&M businesses.

  in the U.S. in November 2025

• Currently operating in 17 locations nationwide, Wood Partners is ranked as the third-largest multifamily developer in the U.S.*

  Rationale

  
  
  

  Secure steady returns in a growth market, targeting future profit of ¥10.0 bn

  in the North American real estate business

  
  
  

  Overview

  
  
  

  Strategy

  We will secure stable earnings by expanding gas-fired and renewable assets, while

  • Secure stable dividend returns through investment in a fee developer

    Secure double-digit

    ROI at an early stage

  • Accelerate further development by leveraging our Japanese investor network

    improving asset efficiency through a renewable energy develop-to-sell business model. We will also steadily capture O&M demand to build a well-balanced portfolio.

    Q3 Additional investments in three gas-fired assets (2,950 MW)

    Q4

    o d

    nwar

    Investments in :

    Bowman Wind Project(208MW) and Black Hollow Sun power plant

    (258MW)

    Recent Major Investment Projects

    Approx. ¥ 65.0 bn in three projects

Thermal（mainly gas-fired）

Furthermore, in collaboration with our North American Construction-Materials Business, we aim to build a North American business platform covering a broad range from building

17.0 bn

bn

FY25 forecast

4.6

2.9

4.0

6.0

12.5

11.5

Renewable O&M

¥30.0 bn

materials manufacturing and distribution to real estate construction and development.

¥11.5

FY24 Future profit target

North American Construction-Materials

Fence, decks, etc. interior & structural materials

Construction & Development

Future profit target: over ¥50.0 bn

North American value chain expansion

North American Real Estate

Future profit target: ¥10.0 bn

General Products & Realty

Strategic Alliance

in the Real Estate Sector

with East Japan Railway

PressRelease

In December 2025, East Japan Railway Company ("JR East") and ITOCHU signed MOU regarding a strategic alliance in the real estate sector.

The 8th

Capital and Business Alliance with

Seven Bank, Ltd.

PressRelease

Entered into a capital and business alliance agreement in September 2025.

Completed acquisition of a total of 20% of voting rights in December 2025 (investment amount: ¥63.7 billion). Start recognizing profit under the equity method from Q4.

JR East and ITOCHU started discussions toward a business integration between JR East Real Estate Co., Ltd., a subsidiary of JR East, and ITOCHU Property Development, Ltd., a subsidiary of ITOCHU. Centered on the real estate sector, both companies will explore broad collaboration opportunities across other businesses, aiming to provide services and solutions that transcend conventional boundaries.

Aim for a double-digit level of ROI

by accelerating horizontal collaboration centered on The 8th

Extensive

business area

Urban development using the railway network

Real and digital customer contact points

Business Integration

Combining the strengths of

a railway company and a trading company,

To become Japan's leading comprehensive developer

Real estate value chain

Network as general trading company

Market-oriented

perspectives

-in/cash-out infrastru

to a "mu atform"

Transitioning from

a "cash

lti-functional service pl

cture"

Building Japan's largest

ATM network

FamilyMart Nationwide network of 16,400 stores

Creating new business models by integrating financial operations of each company

Providing diverse financial services

Installing advanced function ATMs in FamilyMart

Cards Payments Loans

Seven Bank

Approx.

28,000 units

Seven Bank

FamilyMart

Offering a wide range of financial services under the FamilyMart original brand

installations

Increase in

Improve customer

convenience

(Reference)

Seven Bank's

FY25 forecast net profit: ¥16.0 bn

(announcedon May 9)

• Increase in usage

• Scale advantages

Pursuing further business development in the financial sector, in addition to expanding revenues from ATM-related businesses

Creating broad market-perspective synergies beyond the real estate sector at both Seven Bank and FamilyMart

Grow Earnings: Enhancing Hands-on Management

Enhance restructuring, integration, and M&A initiatives to accelerate profit growth at Group companies

Also assess, for each business, our ability to deliver growth through hands-on management and actively pursue asset replacement to enhance management efficiency

Actively driving asset replacements

Restructuring and integration of Group companies New

Number of group companies and profits/losses from group companies by scale (FY24 results)

(Scale of profit contribution)

(Number of companies)

(Total profits/losses from group companies)

ITOCHU ENEX,

Hitachi Construction Machinery, DAIKEN, etc.

20

470.2

billion yen

IMEA, CITIC, FamilyMart, CTC, YANASE, etc.

9

ITOCHU Property Development, Ltd.

(IPD)

• Started discussion toward a business

  over 10

  5 to 10

  2 to 5

  billion yen

  billion yen

  billion yen

  integration between JR East Real Estate Co., Ltd. and IPD in December 2025.

  1

  • Aim to become a leading comprehensive developer in Japan by leveraging the strengths of railway and trading company businesses.

    Confectionary

    wholesaler restructuring

2

• Integrated Confex Holdings Co., Ltd. (under Yamae Group) and Dolce Co., Ltd. (our subsidiary) to restructure into the No.1 confectionery wholesaler by sales (we hold a 40.8% stake).

C.P. Pokphand

Approx. ¥160.0 bn

PROVENCE HUILES

Approx. ¥17.0 bn

90.6

billion yen

HOKEN NO MADOGUCHI,

C.I. TAKIRON, HYLIFE,

ITOCHU KENZAI, etc.

28

131.8

billion yen

JAMCO

0 to 2

billion yen

79.9

148

billion yen

• Enhance functions and efficiency by leveraging the strengths of both companies.

Approx. ¥15.0 bn

Group companies reporting losses

(20.1)

22 IFL, Dole, etc.

billion yen

ITOCHU KENZAI

• Building materials specialty trading company (100% subsidiary).

• Acquired Iwano Bussan, a civil engineering materials trading company, to expand earnings in the non-residential field.

HOKEN NO MADOGUCHI GROUP

• Japan's leading storefront retail insurance distributor; became wholly owned (100%) in FY25 Q2.

• Executed four acquisitions of industry peers in FY25 H1.

Learn more about growth strategy

FY25

Exit of around

¥400.0 bn is expected

Strengthening M&A by Group Companies

Our distinctive feature is the depth of our well-diversified portfolio of medium-sized Group companies.

By further enhancing our core strength of hands-on management through M&A by Group companies and horizontal collaboration, we aim to nurture future core companies.

At the same time, we will consider asset replacements for businesses with limited growth potential.

Drive highly efficient management

View update

Update on Initiatives

Addressing Climate Change

Disclosed All categories of GHG Scope 3 emissions for FY24.

Toward expanding the individual investor base

CFO Hachimura appeared on Nikkei CNBC's TV program, explained our business performance, strengths, and shareholder returns.

View video (Japanese only)

Conducted a Share Split

Effective January 1, 2026, we conducted

a share split of one common share into 5 shares

Recent Topics

DESCENTE New Mizusawa Factory Tour

In January 2026, we held a newly rebuilt Mizusawa Factory tour (Mizusawa Down production base) for analysts and institutional investors. Participants experienced DESCENTE's greatest strength: manufacturing capability and brand story. View the materials

Received Top Honors from All Three Major IR and Sustainability Website Evaluation Organizations for two consecutive years

News release

Key Press Releases

Nov.	ICT & Financial GeneralProducts & Realty	Launch of Official Japan Actors Union Voice Database: Protecting the Voices of Japan's Professionals for their Future Career and their Global Reach Capital and Business Alliance with Wood Partners, a Major U.S. Real Estate Company	URL URL		GeneralProducts & Realty ICT & Financial The 8th	Strategic Alliance between East Japan Railway and ITOCHU Corporation in the Real Estate Sector Capital and Business Alliance with PChome Bibian Inc. to Support Overseas Distribution of Japanese Anime and Character Goods Conversion of Seven Bank, Ltd to an Equity-method Associated Company	URL URL URL
Dec.	Metals & Minerals Food Energy & Chemicals Machinery ICT & Financial Food ICT & Financial Food	TotalEnergies, TES, Osaka Gas, Toho Gas and ITOCHU Partner Up to Develop the Live Oak Project for e-NG Production in Nebraska Capital and Business Alliance with NISSEI, Japan's Leading Soft Serve Ice Cream Comprehensive Manufacturer Participation of Five New Shareholders in GridShare Japan Corporation Investment in a New Solar Power Plant in Colorado, USA Conclusion of Business Partnership Agreement to Support Implementation of Corporate AI Agents in the BPO Domain Conversion of Confex Holdings Co., Ltd. into an Equity-Method Affiliate Based on Agreement with YAMAE Group Holdings Co., Ltd. Strengthening of CX Consulting Structure to Enhance Customer Experience Value in the Generative AI Era Signing of Domestic Import and Distribution Agreement with Vinarchy, One of the World's Largest Wine Companies	URL URL URL URL URL URL URL URL
				Jan.	Machinery	New Initiative Toward the Practical Use of Fixed-Wing Drones for Aerial Surveying	URL
					Energy & Chemicals ICT & Financial ICT & Financial	Signing of Memorandum of Strategic Partnership for Decarbonization in the Transportation Sector Capital and Business Alliance with anyCarry, a Last-Mile Logistics DX Company Strategic Business Alliance with Smart Technologies & Resources, a Leading Domestic Duty-Free System Provider	URL URL URL
				Feb.	ICT & Financial GeneralProducts & Realty	Strategic Capital and Business Alliance with SYSTEX Corporation, Taiwan's Leading IT Service Provider Partial Sale of Shares in Metsä Fibre Oy, a Finnish Pulp Manufacturer	URL URL

Operating Segment Information

Copyright © ITOCHU Corporation. All Rights Reserved.

Textile

Total assets

36.1

＊Record High

Extraordinary gains & losses (46.0) [50.0→4.0]

FY25 Q1-3 [Q3] Partial sale of SUNRISE (textile manufacturing company) in IPA : 3.5 [Q1] Sale of fixed assets in DESCENTE : 0.5

FY24 Q1-3 [Q3] Revaluation gain resulting from the conversion of DESCENTE into a consolidated subsidiary : 50.0

+ 11.7

32.1＊

20.4

40.0

90%

40.0

(34.3)

(Unit : billion yen)

Consolidated net profit Core profit

70.4＊

Core profit +11.7 [20.4→32.1]

【＋】 DESCENTE：Conversion into a consolidated subsidiary

【＋】 Overseas sports sector such as DESCENTE：Stable performance

【＋】 OEM business including Convenience Wear：Stable performance

【＋】 Expo*4-related business：Stable performance

FY25 Q1-3 : Major changes from FY24 Q1-3

Progress

FY25

Forecast

Inc / Dec

FY25 Q1-3

FY24 Q1-3

Previous Forecast

*4 Expo 2025 Osaka, Kansai, Japan

FY25 Q1-3

DESCENTE (Squeeze-out)

[Q1 ¥46.2bn]

Ref FY24

• DESCENTE (Privatized)

[Q3 ¥136.3bn]

Major Investments and EXIT

EXIT

Investment

Consolidated net profit 40.0 [±0 vs. previous forecast]

Significant progress, driven by profit contributions from steady PMI initiatives at DESCENTE, as well as steady performance of overseas sports-related business, OEM business including Convenience Wear, and Expo*4-related business.

Progress on FY25 full-year forecast

(6.9)

775.1

782.1

Inc / Dec

Dec. 2025

Mar. 2025

FY24 Q1-3	FY25 Q1-3	Inc / Dec
1.1	0.8	(0.4)
0.3	0.2	(0.0)
4.9	11.2	+ 6.2
(0.3)	(0.2)	+ 0.1
0.7	0.6	(0.1)
1.5	1.1	(0.4)
1.1	8.0	+ 7.0
1.8	3.3	+ 1.5

FY25 Forecast	FY24
1.2	1.3
0.7	0.3
13.3	7.0
0.2	(3.4)
0.5	0.4
1.5	1.6
8.4★	1.9
3.4	1.9

Major Group Companies (Ownership)［Business overview］

JOI'X (100%)

［Men's apparel manufacture & wholesale (Paul Smith, etc.)］

LEILIAN (100%)

［Retail of women's apparel］

DESCENTE (100%*1)

［Sportswear manufacture & retail ］

DOME (69.7%)

［Sportswear manufacture & retail (UNDER ARMOUR) ］

EDWIN (100%)

［Jeans products manufacture & retail］

Sankei (100%)

［Garment materials manufacture］

IPA*2 (100%)

［Production control & wholesale of apparel］

ITS*3 (100%)

［Production control & wholesale of textile materials / apparel］

*1 ITOCHU's ownership percentage in FY24 is: Q1 44.5%; Q2 44.4%; Q3 85.9%; Q4 100%

*2 ITOCHU Textile Prominent (ASIA) Ltd.

*3 ITOCHU TEXTILE (CHINA) CO., LTD.

★ Revised from previous forecast (announced on Nov. 5).

Copyright © ITOCHU Corporation. All Rights Reserved.

20



Machinery

(Unit : billion yen) FY24

Q1-3

Consolidated net profit 103.8

Plant Project, Marine & Aerospace 42.9

Automobile, Construction Machinery & Industrial Machinery 60.9

Core profit 99.8＊

Plant Project, Marine & Aerospace 39.4＊

Automobile, Construction Machinery & Industrial Machinery 60.4

FY25 Q1-3 116.2＊

48.6

67.6＊

97.7

38.1

59.6

Inc / Dec

+ 12.4

+ 5.7

+ 6.6

(2.1)

(1.3)

(0.9)

Mar. 2025 Dec. 2025 Inc / Dec

Total assets 2,166.6 2,494.1 + 327.5

FY25

Forecast

Progress

Previous Forecast

FY25 Q1-3 : Major changes from FY24 Q1-3

150.0 77% 150.0

Core profit (2.1) [99.8→97.7]

57.0

93.0

85%

73%

57.0

93.0

【－】 Shipping business：Absence of the gain on the sale of ships in FY24 Q1-3 and decrease in charter income

【－】 Asian power generation company：Maintenance and repairs at facilities in FY25 Q1

【－】 YANASE：Decrease in new car sales volume and decline in profitability in used car transactions

【－】 Overseas automobile business：Lower sales volume in North America and forex impact

【＋】 North American power business：Increase in electricity sales revenue due to the demand for electricity and the absence of maintenance in FY24 Q1-3

【＋】 Citrus Investment：Increased ownership in Hitachi Construction Machinery and increase in sales in Europe/Asia

【＋】 ITOCHU MACHINE-TECHNOS：Increase in large, high-profit projects in FY25 Q3

Extraordinary gains & losses +14.5 [4.0→18.5]

Major Group Companies (Ownership)［Business overview］

Tokyo Century*1 (29.9%)

［Leasing, financial services］

North American power business

［Development, construction & operation of power plants］

IEI*2 (100%)

［Water/environment/renewable energy development & investment in EU/ME］

ITOCHU Plantech (100%)

［Plant equipment/environment business］

Shipping business

［Ship ownership, chartering, and selling］

Aerospace business

［Aircraft leasing, Aerospace equipment/parts sales］

Major Investments and EXIT

YANASE (99.99%)

＊Record High

FY25 Q1-3 FY24 Q1-3

[Q2-3] Settlement payment in a leasing-related company : 14.0 [Q2 : 13.0, Q3 : 1.0] [Q1] Sale of JAMCO : 5.5

Consolidated net profit 150.0 [±0 vs. previous forecast]

Although the U.S. tariffs have affected on some businesses, due to strong performance in North American power business and the effects of depreciation of the yen, progress to the forecast is in line.

Progress on FY25 full-year forecast

[Q2] Sale of an Energy-from-Waste project company in IEI : 1.5 [Q1] Partial sale of an Australian infrastructure company : 2.0

［Car sales & repair (Mercedes-Benz, etc.)］

Overseas automobile business

［Dealers (U.S., Mongolia, Vietnam, etc.)］

FY25 Q1-3

Investment

EXIT

Kawasaki Motors [Q1 ¥80.3bn]

Ref FY24

FY24 Q1-3	FY25 Q1-3	Inc / Dec		FY25 Forecast	FY24
19.8	Feb. 6	Feb. 6		29.9	23.1
8.8	16.8	+ 8.0		17.0	11.5
3.4	1.3	(2.0)		1.3	4.0
1.1	1.1	+ 0.0		1.7	1.7
10.2	5.4	(4.8)		5.9	16.0
7.5	8.0	+ 0.5		9.7	10.0
11.1	9.8	(1.4)		14.4	13.1
12.7	11.8	(0.9)		15.0	17.1
ー	Feb. 9	Feb. 9		(Not Disclosed)	ー
ー	0.6	+ 0.6		1.8	ー
6.5	8.5	+ 2.1		11.7 ★	8.6
0.9	2.0	+ 1.2		2.0	2.0
4.0	4.8	+ 0.8		4.9	6.3

Kawasaki Motors*3 (20%)

［Manufacture and sales of powersport products］

AICHI CORPORATION (27.3%)

［Manufacturing and sales of aerial platform vehicles etc.］

Citrus Investment (100%)

［Investment in Hitachi Construction Machinery］

ITOCHU MACHINE-TECHNOS (100%)

［Machine tool sales, engineering］

North American construction-machinery business

［Medium & small construction equipment sales］

*1 The dates above are the financial announcement date of the company. *2 I-ENVIRONMENT INVESTMENTS LIMITED

*3 Disclosure of the FY25 Q1-3 Results is scheduled to take place after the partner, Kawasaki Heavy Industries, announces its financial results.

*4 JAMCO Corporation has been removed from the above table due to the exclusion from the equity method investments. ★ Revised from previous forecast (announced on Nov. 5).

Copyright © ITOCHU Corporation. All Rights Reserved.

Hitachi Construction Machinery (Additional investment) [Q1 ¥35.9bn] AICHI CORPORATION [Q1 ¥23.8bn]

North American power business [Q3 ¥21.6bn] YANASE (Additional investment)) [Q3 ¥6.1bn]

JAMCO [Q1-3 ¥15.1bn]

• North American power business [Q1,Q3 ¥26.9bn]

• Hitachi Construction Machinery

  (Additional investment) [Q3-4 ¥20.2bn]

• Killick (Aerospace business) [Q2 ¥4.4bn]

• Overseas Energy-from-Waste project company

[Q1 ¥3.6bn]

21

Metals & Minerals

170.0

Extraordinary gains & losses ー [ー → ー]

Core profit (29.7) [133.1→103.5]

【－】 IMEA：Lower iron ore and coal prices, forex impact, and increase in costs

【－】 CM：Lower earnings due to forex valuation loss partially offset by stable operation

【－】 Aluminum transactions：Absence of favorable performance in FY24 Q1-3

【－】 MISI：Delayed recovery in steel material and pipe prices

＜Note＞impact of price (6.5) [iron ore (2.0), coal (4.5)]

FY25 Q1-3 : Major changes from FY24 Q1-3

Forecast

Previous

FY24	FY25	Inc / Dec
Q1-3	Q1-3
133.1	103.5	(29.7)
133.1	103.5	(29.7)

FY25 Forecast	Progress
160.0	65%

Mar. 2025	Dec. 2025	Inc / Dec
1,506.4	1,735.0	+ 228.6

(Unit : billion yen) Consolidated net profit Core profit

Total assets

FY24 Q1-3	FY25 Q1-3	Inc / Dec
99.8	80.3	(19.6)
97.1	86.6	(10.5)
2.7	(6.3)	(9.0)
7.5	(0.1)	(7.7)
21.0	20.4	(0.6)
2.5	2.8	+ 0.3

FY25 Forecast	FY24
112.0 ★	127.3
(Not Disclosed)	128.1
(Not Disclosed)	(0.7)
(Not Disclosed)	16.9
(Not Disclosed)	25.7
3.3	3.1

Major Group Companies (Ownership)［Business overview］

Consolidated net profit 160.0 [(10.0) vs. previous forecast]

The forecast has been revised downward due to factors such as increase of costs in IMEA (iron ore and coal businesses) caused by inflation and other factors, forex valuation loss from the continued appreciation of the Brazilian real in CM, delayed recovery in steel material and pipe prices, and others.

Progress on FY25 full-year forecast

IMEA*1 (100%)［Metal and mineral resource development］

	Iron Ore
	Coal

CM*2 (18.1%)［Iron ore resource development in Brazil］

MISI*3 (50%)［Import/export, sales, processing of steel products, etc.］

ITOCHU Metals (100%)［Non-ferrous metal trade and recycling, etc.］

*1 ITOCHU Minerals & Energy of Australia Pty Ltd

*2 CSN Mineração S.A.

JBMF [JAPÃO BRASIL MINÉRIO DE FERRO PARTICIPAÇÕES LTDA.], which is the investment and management company of CM,

FY25 Q1-3

Ref FY24

CAPEX in IMEA [Q1-3 ¥19.6bn]

IMEA iron ore business [Q3 ¥6.2bn]

• CM (Additional investment) [Q3 ¥119.2bn]

• IMEA iron ore interest / CAPEX

Major Investments and EXIT

Invest-

ment

EXIT

was presented in the above table until FY24 Q2, however, the presentation has been changed due to the conversion of CM into an investment accounted for by the equity method resulting from the additional investment in FY24 Q3.

Results are the gains and losses of CM and JBMF. Since the equity pick-up of CM started in FY24 Q4, FY24 Q1-3 result is the gains and losses of JBMF.

*3 Marubeni-Itochu Steel Inc. ★ Revised from previous forecast (announced on Nov. 5).

ITOCHU's Ownership (Sales Results)

FY24 Q1-3	FY25 Q1-3	Inc / Dec
19.7	23.6	+ 3.9
17.6	18.0	+ 0.4
2.1	5.6	+ 3.5

FY25 Forecast	FY24
30.7	26.9
23.8	23.1
6.9	3.9

Iron ore (million tons)

	IMEA
	CM

FY25

Forecast

75.0

Progress

73%

Energy & Chemicals

	Energy	13.3	14.0	+ 0.7	25.0	56%		25.0
Chemicals		30.7	＊	+ 0.9		41.0	77%		41.0
Power & Environmental Solution		6.6	9.3	+ 2.7		9.0	104%		9.0

FY25 Q1-3

Ref FY24

CAPEX in ITOCHU ENEX [Q1-3 ¥11.7bn] CAPEX in C.I. TAKIRON [Q1-3 ¥6.5bn]

CAPEX in CIECO Azer [Q1-3 ¥5.0bn]

• C.I. TAKIRON (Privatized) [Q2,Q4 ¥37.6bn]

• CAPEX in ITOCHU ENEX [¥16.3bn]

• CAPEX in CIECO Azer [¥11.1bn]

• Overseas energy-related company

(Additional investment) [Q4 ¥5.8bn]

Major Investments and EXIT

Consolidated net profit 75.0 [±0 vs. previous forecast]

Chemical businesses and power trades have performed steadily. In Q4, dividend income from certain energy interests is expected, and progress to the forecast is in line.

Progress on FY25 full-year forecast

Investment

EXIT

(Unit : billion yen)

Consolidated net profit

FY24 FY25

Q1-3 Q1-3

50.6 55.0

Inc / Dec

+ 4.4

31.7

Core profit

Energy Chemicals

Power & Environmental Solution

50.1

13.3

30.2

6.6

49.0 (1.1)

11.5 (1.8)

31.7＊ + 1.4

5.8 (0.8)

Mar. 2025 Dec. 2025 Inc / Dec

Total assets 1,652.0 1,795.0 + 142.9

Previous Forecast

75.0

FY25 Q1-3 : Major changes from FY24 Q1-3

Core profit (1.1) [50.1→49.0]

【－】 ITOCHU ENEX：Decrease in new and used car sales volume in Car-Life business

【－】 Japan South Sakha Oil：Lower production volume and forex valuation loss on foreign currency deposits

【－】 CIECO Azer：Lower sales prices

【＋】 Energy transactions：Improvement in profitability in LNG transactions

【＋】 C.I. TAKIRON：Increase in transactions of film business and increased ownership

【＋】 CIPS：Increase in transactions of packaging goods and electronic materials

Extraordinary gains & losses +5.5 [0.5→6.0]

FY25 Q1-3 [Q3] Group reorganization of a battery-related company : 3.5

[Q2] Conversion of an overseas energy-related company into a consolidated subsidiary : 2.5

FY24 Q1-3 [Q3] Sale of HELMITIN (North American chemical-related companies) : 0.5

＊Record High

FY24 Q1-3	FY25 Q1-3	Inc / Dec
3.1	1.7	(1.4)
0.8	1.2	+ 0.4
7.7	6.2	(1.5)
1.3	(0.1)	(1.4)
0.9	0.2	(0.7)
3.5	5.1	+ 1.6
6.7	6.9	+ 0.2
3.8	4.5	+ 0.7

FY25 Forecast	FY24
3.4	5.1
1.3	1.4
8.9	9.4
(Not Disclosed)	1.7
3.0	9.4
6.2	4.1
9.8	9.1
5.8	5.1

Major Group Companies (Ownership)［Business overview］

CIECO Azer*1 (100%)［Oil & gas exploration and production］

IPC SPR*2 (100%)［Energy trading］

ITOCHU ENEX (55.7%) ［Energy supply, mobility］

Japan South Sakha Oil (50.0%)［East Siberian oil concessions］

Dividends from LNG Projects

C.I. TAKIRON*3 (100%)［Packaging materials, electronics materials, synthetic resin and industrial materials trade］

ICF*4 (100%)［Fine chemicals, pharmaceutical raw materials trading］

CIPS*5 (100%)［Packaging goods, electronic materials, synthetic resin and industrial materials trade］

ITOCHU's Ownership (Sales Results)

FY25 Forecast	FY24
25	23

Oil & Gas (1,000BBL/day) *6

*1 ITOCHU Oil Exploration (Azerbaijan) Inc. *2 ITOCHU PETROLEUM CO., (SINGAPORE) PTE. LTD.

*3 ITOCHU's ownership percentage in FY24 is: Q1 55.7%; Q2 90.7%; Q3-Q4 100% *4 ITOCHU CHEMICAL FRONTIER Corporation

*5 ITOCHU PLASTICS INC. *6 Natural Gas converted to crude oil is equivalent to 6,000cf =1BBL

Food

FY24 FY25

Q1-3 Q1-3

60.0 82.5

Inc / Dec

+ 22.5

31.0

FY25

F

orecast

92.0

Progress

90%

Previous Forecast

92.0

FY25 Q1-3 : Major changes from FY24 Q1-3 Core profit +15.5 [56.5→72.0]

【＋】 Provisions-related transactions/companies：Improvement in profitability

【＋】 Dole：Higher production and sales volume of bananas and increase in transactions of packaged foods business

【＋】 NIPPON ACCESS/ITOCHU-SHOKUHIN：Expansion of transactions

Extraordinary gains & losses +7.0 [3.5→10.5]

FY25 Q1-3 [Q3] Bargain purchase of a food manufacturing company : 2.5 [Q1] Sale of PROVENCE HUILES : 8.0

FY24 Q1-3 [Q3] Sale of fixed assets in ITOCHU Food Sales and Marketing : 1.0 [Q3] Impairment loss on a Chinese company in HYLIFE : (1.0)

[Q2] Partial sale of Confex Holdings (food-distribution-related company) : 1.5 [Q2] Sale of JAPAN FOODS : 1.0

[Q1] Sale of companies in a vegetable oil production and sale company : 1.0

(Unit : billion yen)

Provisions		20.9	41.5＊	+ 20.6	42.0	99%		42.0
Fresh Food		12.3	14.7	+ 2.4	18.0	82%		18.0
Food Product Marketing & Distribution		26.8	26.3	(0.5)	32.0	82%		32.0
e profit		56.5	72.0＊	+ 15.5
Provisions		18.9	＊	+ 12.1

Consolidated net profit

FY25 Q1-3

CAPEX in Dole [Q1-3 ¥14.7bn]

CAPEX in Prima [Q1-3 ¥13.2bn]

Ref FY24

• CAPEX in Prima [¥12.3bn]

• CAPEX in Dole [¥11.6bn]

PROVENCE HUILES [Q1 ¥17.1bn]

• FUJI OIL INTERNATIONAL [Q4 ¥13.3bn]

Major Investments and EXIT

Consolidated net profit 92.0 [±0 vs. previous forecast]

Significant progress, driven by the extraordinary gain from asset replacement, as well as steady performance of provisions-related transactions/companies, and food product marketing & distribution businesses.

Progress on FY25 full-year forecast

Investment

EXIT

Mar. 2025	Dec. 2025	Inc / Dec
2,359.8	2,615.2	+ 255.4

Cor

Fresh Food		12.3	14.7	+ 2.4
Food Product Marketing & Distribution		25.3	26.3＊	+ 1.0

Total assets

Major Group Companies (Ownership)［Business overview］

FUJI OIL (43.8%)

［Vegetable oil and soy product manufacturing］

WELLNEO SUGAR (37.0%)

［Manufacture, process and sale of sugar and functional materials］

ITOCHU FEED MILLS (100%)

［Feed production and distribution］

Dole*1 (100%)

［Fresh produce (Asia), packaged food (global) sales］

Prima*2 (48.7%)

［Processed meat & food manufacturing, sales］

HYLIFE*3 (49.9%)

［Pork production and processing in Canada］

NIPPON ACCESS (100%)

［Domestic food wholesale］

ITOCHU-SHOKUHIN (52.5%)

［Domestic food wholesale］

＊Record High

FY24 Q1-3	FY25 Q1-3	Inc / Dec
(4.0)	Feb. 10	Feb. 10
2.0	Feb. 9	Feb. 9
1.3	1.6	+ 0.3
(1.2)	2.2	+ 3.4
2.0	3.3	+ 1.3
1.7	2.7	+ 1.0
19.4	19.8	+ 0.4
4.5	4.6	+ 0.2

FY25 Forecast	FY24
7.2	(1.9)
2.2	2.1
1.7	1.8
2.6	(1.4)
3.9	2.2
(Not Disclosed)	3.0
23.0	23.8
4.4	4.3

*1 Dole International Holdings, Inc. *2 Prima Meat Packers, Ltd. *3 HYLIFE GROUP HOLDINGS LTD.

Note: The dates above are the financial announcement date of each company.

General Products & Realty

FY24 FY25

Q1-3 Q1-3

42.6 26.1

22.2 12.5

20.5 13.5

40.6 26.1

20.2 12.5

20.5 13.5

Inc / Dec

(16.6)

(9.7)

(6.9)

(14.6)

(7.7)

(6.9)

FY25

F

orecast

65.0

38.0

27.0

Progress

40%

33%

50%

Previous Forecast

65.0

38.0

27.0

FY25 Q1-3 : Major changes from FY24 Q1-3 Core profit (14.6) [40.6→26.1]

【－】 IFL：Downturn in pulp prices and increase in costs

【－】 ITOCHU Property Development：Absence of concentrated sales of comprehensive development projects

in FY24 Q1-2

【－】 ne in profitability in domestic business and lower earnings in overseas business

DAIKEN：Decli

【－】 North American construction-materials business：Underperformance of housing structural materials business

【＋】 Nishimatsu Construction：Start of equity pick-up

Extraordinary gains & losses (2.0) [2.0→ ー]

FY25 Q1-3 [Q3] Impairment loss on fixed assets in IFL : (1.0)

[Q2] Sale of Albany Bulk Handling (port cargo handling company) : 1.0

FY24 Q1-3 [Q1] Reversal for allowance in ETEL : 1.0

(Unit : billion yen)

Consolidated net profit

Forest Products,

General Merchandise & Logistics Construction & Real Estate

Core profit

Forest Products,

General Merchandise & Logistics Construction & Real Estate

Mar. 2025	Dec. 2025	Inc / Dec
1,475.0	1,636.7	+161.6

Total assets

Major Group Companies (Ownership)［Business overview］

FY24 Q1-3	FY25 Q1-3	Inc / Dec
15.3	12.5	(2.9)
3.0	2.8	(0.2)
(1.9)	(8.9)	(7.0)
4.7	5.0	+ 0.3
2.0	2.6	+ 0.6
0.5	0.7	+ 0.1
5.2	2.1	(3.1)
6.3	3.9	(2.4)
ー	Feb. 12	Feb. 12
2.8	2.8	(0.1)
1.2	1.5	+ 0.2

FY25 Forecast	FY24
18.0	17.9
5.0	7.0
(Not Disclosed)	(1.5)
6.0	5.6
2.5	3.0
0.7	0.6
5.0	5.7
8.0	6.6
3.5	-
4.0	3.8
1.8	1.7

North American construction-materials business*1

［Exterior and housing materials manufacturing and wholesale］

ETEL*2 (100%)［Tire wholesale/retail, waste collection/processing in EU］

IFL*3 (100%)［Investment in Metsä*4, pulp trade］

ITOCHU LOGISTICS (100%)［Comprehensive logistics services］

IPP*5 (100%)［Paper, board, paper products trade］

ITOCHU CERATECH (100%)［Ceramics manufacturing, sales］

IPD*6 (100%) ［Real estate development and sales］

DAIKEN(100%)［Interior materials/wood products manufacturing, install］

Nishimatsu Construction(21.9%)

［Construction, development and realty］

ITOCHU KENZAI (100%)［Timber, building materials trade］

IUC*7 (100%) ［Property management, facility operation］

*1 The figures include net profit through DAIKEN (CIPA Lumber Co. Ltd. 51.0%, Pacific Woodtech Corporation 25.0%, etc.) , with actual results of ¥2.3 billion for FY24 Q1-3 and ¥1.3 billion for FY25 Q1-3. *2 European Tyre Enterprise Limited *3 ITOCHU FIBRE LIMITED

*4 Metsä Fibre Oy (One of the world's largest manufacturers of commercial softwood pulp) *5 ITOCHU PULP & PAPER CORPORATION

*6 ITOCHU Property Development, Ltd. *7 ITOCHU Urban Community Ltd. Note: The dates above are the financial announcement date of each company.

FY2025 Q1

FY25 Q1-3

CAPEX in DAIKEN [Q1-3 ¥9.1bn]

CAPEX in ETEL [Q1-3 ¥8.5bn]

Nishimatsu Construction

(Additional investment) [Q1 ¥4.6bn]

Wood Partners*8 [Q3]

Ref FY24

• WECARS [Q1 ¥18.8bn]

• Nishimatsu Construction

  (Additional investment) [Q2-3 ¥15.2bn]

• North American construction-materials business [Q1-3 ¥8.9bn]

Major Investments and EXIT

Consolidated net profit 65.0 [±0 vs. previous forecast]

Due to sluggish performance at IFL and other factors, progress in Q1-3 was low. However, in Q4, profits from capital restructuring in pulp business and real estate sales are expected.

Progress on FY25 full-year forecast

Invest-

ment

EXIT

*8 Based on contractual confidentiality obligations, the amount is not disclosed.

ICT & Financial Business

FY24

Q1-3

FY25

Q1-3

Inc / Dec

FY25

F

orecast

Progress

Previous

Forecast

FY25 Q1-3 : Major changes from FY24 Q1-3

Core profit +2.8 [56.0→58.8]

【＋】 CTC：Favorable performance

【＋】 HOKEN NO MADOGUCHI GROUP：Higher agency commissions

【＋】 Improvement in remeasurement gains and losses for fund held investments

【＋】 Overseas retail-finance-related companies：Improvement in profitability

【－】 Mobile-phone-related business：Lower earnings due to contract changes

【－】 Orient Corporation：Excluded from the equity method in FY24

Extraordinary gains & losses ー [2.0→2.0]

FY25 Q1-3 [Q3] Bargain purchase of a healthcare-related company : 1.5 [Q2] Sale of commercial rights in a finance-related company : 0.5

FY24 Q1-3 [Q3] Exclusion of Orient Corporation from the equity method : 2.0

Mar. 2025	Dec. 2025	Inc / Dec
1,439.2	1,528.0	+ 88.8

(Unit : billion yen)

Consolidated net profit		58.0	60.8	+ 2.8	88.0	69%		88.0
ICT		44.3	46.1	+ 1.7	71.0	65%		71.0
Financial & Insurance Business		13.7	14.7	+ 1.1	17.0	87%		17.0
Core profit		56.0	58.8＊	+ 2.8
ICT		44.3	44.6＊	+ 0.2
Financial & Insurance Business		11.7	14.2＊	+ 2.6

Total assets

Major Group Companies (Ownership)［Business overview］

CTC*1 (99.95%)［System integrator］

BELLSYSTEM24*2 (40.3%)［BPO, call center operations］

Mobile-phone-related business

［Mobile phone insurance and related services］

ITOCHU Fuji Partners (63.0%)［Investment in SKY Perfect JSAT*3］ A2 Healthcare (100%)［Pharma development support, CRO services］ HOKEN NO MADOGUCHI (100%)［Insurance consulting, sales］ POCKET CARD*4 (78.2%)［Credit card issuance, financial services］

Gaitame.Com (40.2%)［FX trading services］

FY25 Forecast	FY24
55.0	50.5
3.3	2.0
4.7	10.5
3.9★	2.7
2.2	1.7
(Not Disclosed)	4.9
2.8	4.2
(Not Disclosed)	1.5
3.4	2.4
2.8	2.5
(Not Disclosed)	4.3

＊Record High

Major Investments and EXIT

Consolidated net profit 88.0 [±0 vs. previous forecast]

CTC has performed well due to continued robust demand for digitalization. In addition, HOKEN NO MADOGUCHI GROUP and overseas retail-finance companies have performed steadily.

Progress to the forecast in line because of concentrated profits in Q4.

Progress on FY25 full-year forecast

Investment

EXIT

FY25 Q1-3

Ref

FY24

FRF*5 (100%) ［Auto loan business in the UK］

IFA*6 (100%) ［Consumer finance business in China and Hong Kong］

CAPEX in CTC [Q1-3 ¥7.2bn]

We Sell Cellular [Q1 ¥6.9bn]

(Used mobile device distribution business in the U.S.)

• PASCO [Q3-4 ¥8.0bn]

  FY24 Q1-3	FY25 Q1-3	Inc / Dec
  33.6	36.2	+ 2.6
  1.1	1.7	+ 0.6
  8.2	5.2	(2.9)
  2.1	2.6	+ 0.5
  1.1	1.0	(0.1)
  3.2	4.2	+ 1.1
  3.1	2.8	(0.2)
  1.2	2.0	+ 0.8
  1.5	2.1	+ 0.7
  2.2	2.3	+ 0.1
  3.0	3.7	+ 0.7

  GCT*7 (100%) ［Consumer finance business in Thailand］

  *1 ITOCHU Techno-Solutions Corporation *2 BELLSYSTEM24 Holdings, Inc. *3 SKY Perfect JSAT Holdings Inc.

  *4 The figures include net profit through FamilyMart Co., Ltd. (32.2%) *5 First Response Finance Ltd.

  *6 ITOCHU FINANCE (ASIA) LTD. *7 GCT MANAGEMENT (THAILAND) LTD.

  ★ Revised from previous forecast (announced on Nov. 5).

  Orient Corporation (Partial sale) [Q2 ¥9.5bn]

  • Orient Corporation (Partial sale) [Q3-4 ¥8.0bn]

The 8th

(Unit : billion yen)		FY24 Q1-3	FY25 Q1-3	Inc / Dec		FY25 Forecast	Progress		Previous
									Forecast
Consolidated net profit		63.9	45.3	(18.6)		42.0	108%		39.0
Core profit		34.4	44.3＊	+ 9.9

Consolidated net profit 42.0 [+3.0 vs. previous forecast]

FamilyMart has performed strongly, and the forecast has been revised upward.

Progress on FY25 full-year forecast

Extraordinary gains & losses (28.5) [29.5→1.0]

FY25 Q1-3 [Q1] Improvement of tax expenses in FamilyMart : 1.0

FY24 Q1-3 [Q2] Group reorganization of Chinese business in FamilyMart : 29.5

FY25 Q1-3 : Major changes from FY24 Q1-3

Core profit +9.9 [34.4→44.3]

【＋】 FamilyMart

〔＋〕 Increase in daily sales resulting from enhancement of product competitiveness and sales promotion

〔＋〕 Strengthening of business foundations such as the reorganization of store network

〔＋〕 Expansion of transactions in new businesses

〔－〕 Increase in costs caused by changes in external environment

【＋】 AND PHARMA : Start of equity pick-up

Mar. 2025	Dec. 2025	Inc / Dec
2,014.2	2,123.7	+109.5

Total assets

＊Record High

Major Group Companies (Ownership)［Business overview］

FY24 Q1-3	FY25 Q1-3	Inc / Dec
69.6	52.0	(17.5)
ー	0.6	+ 0.6
ー	ー	ー

FY25 Forecast	FY24
50.5★	69.8
(Not Disclosed)	ー
Feb. 6	ー

FamilyMart*1 (94.7%)

［Convenience store business］

AND PHARMA (20.0%)

［Manufacturing and sales of pharmaceuticals］

Seven Bank*2 (20.0%)

［ATM platform business］

*1 The figures include net profit from POCKET CARD CO.,LTD. (32.2%)

*2 The recognition of profit and loss is scheduled to begin in FY25 Q4. Disclosure of the "FY25 Forecast" is scheduled to take place after the company announces its financial results on Feb. 6.

★ Revised from previous forecast (announced on Nov. 5).

• CAPEX in FamilyMart [¥49.0bn]

Seven Bank [Q3 ¥63.7bn]

CAPEX in FamilyMart [Q1-3 ¥45.9bn] AND PHARMA [Q3 ¥16.2bn]

EXIT

Investment

FY24

Ref

FY25 Q1-3

Major Investments and EXIT

FY24 Q1-3	FY25 Q1-3
573	590
102.7%	103.5%
100.4%	99.1%
102.2%	104.4%
550	526

FY24

573

102.9%

100.4%

102.5%

540

Major Indicators of FamilyMart

Average daily sales of all chain stores

FY2025 Q1

(thousand yen)*3

Growth rate of daily sales at existing stores*4

	Growth rate of number of customers
	Growth rate of spend per customer

Daily sales of new stores (thousand yen)

*3 Average daily sales of all chain stores include the figures of domestic area franchise.

*4 The growth rate of daily sales at existing stores excludes the impact of services (pre-paid cards and tickets), etc.

+111.1

1,849.9

1,738.8

Inc / Dec

Dec. 2025

Mar. 2025

Others, Adjustments & Eliminations

188.0

(Unit : billion yen)

Consolidated net profit Core profit

Previous

Total assets

＊Record High

Extraordinary gains & losses +86.5 [3.5→90.0]

FY25 Q1-3 [Q2] Improvement in tax expenses related to an overseas company, etc. : 2.0 [Q1] Sale of C.P. Pokphand : 88.0

FY24 Q1-3 [Q2] Partial sale of a group company in CITIC Limited : 3.5

(0.5)

89.9

90.5＊

181.0

96%

179.9＊

94.0

Core profit (0.5) [90.5→89.9]

【－】 C.P. Pokphand：Excluded from the equity method in FY25

【＋】 Orchid

〔＋〕 Decrease in interest expenses

〔＋〕 Major financial companies of CITIC：Stable performance

〔－〕 Appreciation of the yen

Forecast

FY25 Q1-3 : Major changes from FY24 Q1-3

Progress

FY25

Forecast

Inc / Dec

FY25 Q1-3

FY24 Q1-3

+ 86.0

Major Group Companies (Ownership)［Business overview］

FY25 Q1-3

Ref FY24

Sale of C.P. Pokphand [Q1 ¥156.8bn] *5

*5 The total amount from the sale of shares (¥156.8 billion) and the dividend is approximately ¥190.0 billion.

Major Investments and EXIT

Consolidated net profit 188.0 [+7.0 vs. previous forecast]

In addition to steady performance by CITIC, combined with the effects of depreciation of the yen, compared with the initial plan has been revised upward.

Progress on FY25 full-year forecast

Investment

EXIT

FY24	FY25	Inc / Dec
Q1-3	Q1-3
86.3	85.3	(1.0)
0.2	0.8	+ 0.7

FY25 Forecast	FY24
104.0★	114.1
(Not Disclosed)	0.4

Orchid*1 (100%)

［Investment in CITIC Limited］

CTEI*2 (23.8%)

［Feed additives, construction equipment sales in China］

*1 Orchid Alliance Holdings Limited *2 Chia Tai Enterprises International Limited

*3 C.P. Pokphand Co. Ltd. has been removed from the above table due to the exclusion from the equity method investments.

FY24 Q1-3	FY25 Q1-3	Inc / Dec
20.4	18.4	(2.0)
2.4	2.0	(0.4)
4.2	5.2	+ 1.0
4.1	5.4	+ 1.2
5.4	6.1	+ 0.7

★ Revised from previous forecast (announced on Nov. 5).

(Reference) Overseas Trading Subsidiaries *4

FY2025 Q1

ITOCHU International ITOCHU Europe

ITOCHU (CHINA) HOLDING

ITOCHU Hong Kong ITOCHU Singapore

*4 Net profits of each overseas trading subsidiary included in each segment are presented.

IR supplementary materials

Investors Guide

A concise overview of ITOCHU's business and strategy,

mainly for institutional investors

PDFFILE

Areas with High Growth Potential by Segments

Updated

The growth potential areas in each of the eight segments

PDFFILE

Please visit our website for the most recent earnings releases.

https://www.itochu.co.jp/en/ir/financial_statements/

Appendix

Copyright © ITOCHU Corporation. All Rights Reserved.

Copyright © ITOCHU Corporation. All Rights Reserved.