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

Q3 2021 Itochu Corp Earnings Net Conference Transcript

Feb 04, 2021 / NTS GMT

Release Date Price: $28.37 (-0.25%)

Transcript

Tsuyoshi Hachimura

ITOCHU Corporation - CFO, Senior Managing Executive Officer & Director

This is Tsuyoshi Hachimura, CFO of ITOCHU Corporation. Thank you very much for joining us today.

I'd like to talk about 3 major points. First, Q1 to Q3 net profit was JPY 364.3 billion. Progress was 91%. Excluding extraordinary gains and losses, core profit improved gradually from Q1 to Q2 and Q3. There are some differences among segments, but we had very good business results.

Second, we also disclosed the fact that we have decided to withdraw from Drummond in Colombia, which has more than 80% production volume of thermal coal. And for the first time among the trading companies, we're preparing for the issuance of SDG bond. On January 13th, we have mentioned the engagement with SDG in our outline of the medium-term management plan. So I will talk about that secondly.

Third, is about the FamilyMart. After the deconsolidation. For the first time, we disclosed the business results of the Q3 on the 13th of January.

Let me start. The Q1 to Q3 result was JPY 364.3 billion in net

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