ITOCHU Corp (OTCPK:ITOCF)

$ 47.54 -0.16 (-0.34%) Market Cap: 69.27 Bil Enterprise Value: 95.48 Bil PE Ratio: 12.32 PB Ratio: 1.88 GF Score: 84/100

Full Year 2020 Itochu Corp Earnings Net Conference Transcript

May 08, 2020 / NTS GMT

Release Date Price: $19.71

Transcript

Yoshihisa Q. Suzuki

ITOCHU Corporation - President, COO, Chief Digital & Information Officer and Representative Director

Ladies and gentlemen, this is Yoshihisa Suzuki, President and COO of ITOCHU Corporation. Thank you for joining us today. I'd like to give you the overview of fiscal 2020 business results and fiscal 2021 management plan. Please refer to the presentation material that you have. Page 2 shows the summary of fiscal 2020 financial results.

Consolidated net profit was JPY 501.3 billion. We renewed the record 4 years in a row and exceeded JPY 500 billion level 2 years in a row, steadily achieving above JPY 500 billion net profit to consolidate our foothold.

Core profit rose JPY 13.5 billion year-on-year to about JPY 485.5 billion, renewing the record 5 years in a row. Despite tough environment, we achieved strong financial results with well diversified, solid earnings base.

Looking at the cash flow. Core operating cash flow was record high at about JPY 602 billion. Cash-generating capability continued to strengthen. Major positive free cash flow after deducting

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