Appendix

Supplementary Information on

FYE 2022 Business Results Summary &

FYE 2023 Management Plan

15

Textile

FYE 2021

FYE 2022

Increase/

Results

Results

Decrease

a

b

b-a

Gross trading profit

89.5

96.8

+

7.3

Equity in earnings of associates and

2.0

4.5

+

2.5

joint ventures

Net profit attributable to ITOCHU

1.6

25.1

+

23.5

Core profit

10.6

18.1

+

7.5

Core Operating Cash Flows

11.1

23.0

+

11.9

FYE 2023

Increase/

（Unit : billion yen）

Summary of FYE 2023 Plan

Plan

Decrease

(Net profit attributable to ITOCHU)

c

c-b

120.0

+

23.2

Increase due to the recovery especially in

apparel-related companies resulting from

the alleviation of the impact of COVID-19,

26.0

+

0.9

higher sales volume by enhancement of DX and

EC as well as instilling thoroughly lean

management, partially offset by the absence of

extraordinary gains in the previous fiscal year.

30

15

0

(15)

Mar. 2021

Mar. 2022

Increase/

Results

Results

Decrease

Total assets

418.7

436.8

+ 18.1

Net profit attributable to ITOCHU

Profits/Losses from Major Group Companies

Owner

FYE 2021

FYE 2022

FYE 2023

-ship

Results

Results

Plan

JOI'X CORPORATION

100.0%

(0.8)

0.7

1.2

25.1

26.0

DESCENTE LTD.

40.0%

1.6

2.7

2.8

(*1)

EDWIN CO., LTD.

98.5%

(1.7)

1.6

0.5

8.5

1.6

Sankei Co., Ltd.

100.0%

(8.2)

0.5

0.6

6.6

26.0

7.5

ITOCHU Textile Prominent (ASIA) Ltd.

(Hong Kong)

100.0%

0.9

2.0

2.2

4.7

7.5

[IPA]

5.3

ITOCHU TEXTILE (CHINA) CO., LTD.

(China)

100.0%

1.1

1.7

1.8

0.9

[ITS]

(*1) The figures are the company's forecast

announced,

excluding

IFRS adjustment,

(14.2)

multiplied by ITOCHU's ownership

percentage.

FYE 2021

FYE 2022

FYE 2023

Q1

Q2

Q3

Q4

Q1-4 Plan

16

Machinery

FYE 2021

FYE 2022

Increase/

Results

Results

Decrease

a

b

b-a

Gross trading profit

173.6

205.8

+

32.2

Equity in earnings of associates and

25.6

42.4

+

16.8

joint ventures

Net profit attributable to ITOCHU

22.8

80.0

+

57.2

Core profit

40.8

72.5

+

31.7

Core Operating Cash Flows

50.3

86.7

+

36.5

Mar. 2021

Mar. 2022

Increase/

Results

Results

Decrease

Total assets

1,124.9

1,302.7

+

177.8

FYE 2023

Increase/

Plan

Decrease

  • c-b

199.0

(6.8)

72.0

(8.0)

（Unit : billion yen）

Summary of FYE 2023 Plan

(Net profit attributable to ITOCHU)

Decrease due to the absence of the favorable performance in ship-related companies, Yanase and overseas automobile-related companies in the previous fiscal year as well as extraordinary losses, partially offset by the income from Hitachi Construction Machinery and higher transaction volume in automobile and construction/industrial machinery businesses.

Net profit attributable to ITOCHU

80.0

72.0

70

14.1

50

20.4

22.8

72.0

30

19.3

16.1

26.2

10

11.4

5.3

(10)

(9.9)

FYE 2021

FYE 2022

FYE 2023

Q1

Q2

Q3

Q4

Q1-4 Plan

Profits/Losses from Major Group Companies

Owner

FYE 2021

FYE 2022

FYE 2023

-ship

Results

Results

Plan

Tokyo Century Corporation

30.0%

13.5

16.0

6.0

(*1)

I-Power Investment Inc.

(U.S.A.)

100.0%

2.5

4.1

2.3

I-ENVIRONMENT INVESTMENTS LIMITED [IEI]

(U.K.)

100.0%

0.6

7.5

1.9

ITOCHU Plantech Inc.

60.0%

0.8

0.8

0.7

(Reference) Group total (incl. The 8th's portion)

100.0%

1.4

1.4

1.2

IMECS Co., Ltd.

100.0%

1.1

4.2

2.4

JAMCO Corporation

33.4%

(5.0)

(1.4)

0.3

(*1)

JAPAN AEROSPACE CORPORATION

100.0%

1.5

1.6

1.5

YANASE & CO., LTD.

66.0%

4.6

9.7

7.5

Auto Investment Inc. [AII]

(U.S.A.)

100.0%

1.2

2.7

1.5

ITOCHU TC CONSTRUCTION MACHINERY CO., LTD.

50.0%

0.2

0.3

0.3

ITOCHU MACHINE-TECHNOS CORPORATION

100.0%

0.5

0.6

1.4

Century Medical, Inc.

100.0%

0.6

0.6

0.5

MULTIQUIP INC.

(U.S.A.)

100.0%

2.4

3.7

3.2

(*1) The figures are the company's forecast announced, excluding IFRS adjustment,

multiplied by ITOCHU's ownership percentage.

17

Metals & Minerals

FYE 2021

FYE 2022

Increase/

Results

Results

Decrease

a

b

b-a

Gross trading profit

110.4

179.0

+

68.6

Equity in earnings of associates and

22.6

47.2

+

24.6

joint ventures

Net profit attributable to ITOCHU

104.1

226.0

+

121.9

Core profit

118.1

202.5

+

84.4

Core Operating Cash Flows

135.5

230.2

+

94.7

FYE 2023

Increase/

（Unit : billion yen）

Summary of FYE 2023 Plan

Plan

Decrease

  • c-b (Net profit attributable to ITOCHU)

170.0 (9.0) Decrease due to fluctuation in mineral resource prices and the absence of extraordinary gains in the previous fiscal year.

197.0

(29.0)

200

150

100

50

0

Mar. 2021

Mar. 2022

Increase/

Results

Results

Decrease

Total assets

913.6

1,285.3

+ 371.7

Net profit attributable to ITOCHU

Profits/Losses from Major Group Companies Owner

FYE 2021

FYE 2022

FYE 2023

-ship

Results

Results

Plan

226.0

ITOCHU Minerals & Energy of

(Australia)

100.0%

90.6

158.7

148.4

Australia Pty Ltd [IMEA]

197.0

Iron ore

N.A.

99.9

147.9

－ (*1)

45.7

Coal

N.A.

(9.3)

10.8

－

(*1)

JAPÃO BRASIL MINÉRIO DE

(Brazil)

77.3%

5.5

3.7

－ (*1)

FERRO PARTICIPAÇÕES LTDA. [JBMF]

45.0

Marubeni-Itochu Steel Inc.

50.0%

8.7

31.3

－ (*1)

104.1

ITOCHU Metals Corporation

70.0%

1.0

2.1

2.0

57.4

197.0

(Reference) Group total (incl. The 8th's portion)

100.0%

1.5

3.1

2.8

30.4

(*1) Due to the relationships with investees and partners, "FYE 2023 Plan" is not presented.

25.9

77.9

FYE 2021

FYE 2022

FYE 2023

25.0

ITOCHU's Ownership (Sales Results)

Results

Results

Plan

22.8

Iron ore（million t）

23.6

23.2

24.5

FYE 2021

FYE 2022

FYE 2023

IMEA

21.3

21.1

22.0

Q1

Q2

Q3

Q4

Q1-4 Plan

JBMF(CSN Mineração S.A.)

2.3

2.1

2.5

18

80

60

40

20

0

Energy & Chemicals

FYE 2021

FYE 2022

Increase/

FYE 2023

Increase/

（Unit : billion yen）

Results

Results

Decrease

Plan

Decrease

Summary of FYE 2023 Plan

a

b

b-a

c

c-b

(Net profit attributable to ITOCHU)

Gross trading profit

228.2

253.1

+

24.8

268.0

+

15.0

Decrease due to the absence of the favorable

Energy

101.0

124.6

+

23.6

134.0

+

9.4

performance in chemical trading transactions

Chemicals

113.3

118.1

+

4.8

123.0

+

4.9

and extraordinary gains in the previous fiscal

Power & Environmental Solution

13.9

10.4

(3.6)

11.0

+

0.6

year, in addition to less production in upstream

Equity in earnings of associates and

11.0

12.4

+

1.4

interests under business environment with

joint ventures

the concern of geopolitical risks, although core

Net profit attributable to ITOCHU

36.1

89.6

+

53.6

85.0

(4.6)

profit remained consistent resulting from stable

Energy

(2.4)

47.9

+

50.4

44.0

(3.9)

oil prices and the steady growth of profit in

Chemicals

27.4

31.8

+

4.4

31.0

(0.8)

major group companies.

Power & Environmental Solution

11.1

9.9

(1.2)

10.0

+

0.1

Core profit

58.6

85.1

+

26.6

Core Operating Cash Flows

86.6

117.6

+

31.0

Mar. 2021

Mar. 2022

Increase/

Results

Results

Decrease

Total assets

1,279.2

1,489.3

+

210.1

Energy

690.0

818.0

+

128.0

Chemicals

549.7

602.2

+

52.5

Power & Environmental Solution

39.5

69.1

+

29.6

Owner

FYE 2021 FYE 2022

FYE 2023

Net profit attributable to ITOCHU

Profits/Losses from Major Group Companies

-ship

Results

Results

Plan

89.6

85.0

ITOCHU Oil Exploration

(Cayman Islands)

100.0%

1.8

8.9

5.2

(Azerbaijan) Inc. [CIECO Azer]

25.0

ITOCHU PETROLEUM CO.,

(Singapore)

100.0%

1.1

1.4

1.2

(SINGAPORE) PTE. LTD. [IPC SPR]

ITOCHU ENEX CO., LTD.

54.0%

6.6

7.1

7.0 (*1)

34.8

Japan South Sakha Oil Co., Ltd.

25.0%

4.8

4.1

－ (*2)

36.1

85.0

Dividends from LNG Projects

N.A.

3.4

5.4

7.4

ITOCHU CHEMICAL FRONTIER Corporation

100.0%

4.7

6.4

6.0

1.8

10.8

ITOCHU PLASTICS INC.

60.0%

2.6

2.8

3.1

14.9

(Reference) Group total (incl. The 8th's portion)

100.0%

4.3

4.7

5.1

12.3

C.I. TAKIRON Corporation

55.7%

2.8

3.5

3.0 (*1)

15.0

11.2

(*1) The figures are the company's forecast announced,

excluding

IFRS adjustment,

multiplied by ITOCHU's ownership percentage.

FYE 2021

FYE 2022

FYE 2023

(*2) Due to the relationships with investees and partners, "FYE 2023 Plan" is not presented.

Q1

Q2

Q3

Q4

Q1-4 Plan

ITOCHU's Ownership (Sales Results)

FYE 2021

FYE 2022

FYE 2023

Results

Results

Plan

Oil & Gas（1,000BBL/day*）

44

37

33

19

* Natural Gas converted to crude

oil is equivalent to 6,000cf =1BBL

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Itochu Corporation published this content on 04 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 09:26:02 UTC.