ITOCHU Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023
May 10, 2022 at 01:00 am EDT
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ITOCHU Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expected Net profit attributable to ITOCHU to be JPY 700,000 million and Basic earnings per share
attributable to ITOCHU of JPY 476.33 per share.
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).