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

Q2 2021 Itochu Corp Earnings Net Conference Transcript

Nov 04, 2020 / NTS GMT

Release Date Price: $24.29

Transcript

Tsuyoshi Hachimura

ITOCHU Corporation - CFO, Senior Managing Executive Officer & Director

This is Tsuyoshi Hachimura, CFO of ITOCHU Corporation. Thank you for joining us today. Let me now present the business results. Please refer to the PowerPoint material as I present, starting with the summary of the financial results on Page 3. And also, I will refer to the quarterly segment information on pages 27 and 28. So please refer to those pages as well.

First, net profit attributable to ITOCHU for the fiscal year 2021 first half was JPY 252.5 billion, which was the third highest despite the COVID-19 impact.

Especially the Q2, the results was JPY 147.7 billion, which was the highest quarterly number. This quarterly number for Q2 is an increase year-on-year. The first quarter was minus 30% or less. So compared to that, there was a major recovery or improvement.

In this number, JPY 49.5 billion extraordinary gains and losses are included. Q1 number was JPY 16 billion, and Q2 number was JPY 33.5 billion. I will talk about those numbers later.

Excluding those extraordinary

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