Full Year 2022 Itochu Corp Earnings Presentation Transcript

May 12, 2022 / 01:00AM GMT
Presentation
May 12, 2022 / 01:00AM GMT

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Corporate Participants
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* Keita Ishii
ITOCHU Corporation - President, COO & Director
* Tsuyoshi Hachimura
ITOCHU Corporation - CFO, Executive VP & Director

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Keita Ishii - ITOCHU Corporation - President, COO & Director

Good morning, everyone. I am Ishii, COO of ITOCHU Corporation. Thank you very much for joining us today.

Now we would like to explain FYE 2022 business results summary and FYE 2023 management plan. Please refer to the PowerPoint presentation on the screen. First, Page 2. This is the summary of financial results for FYE '22. Consolidated net profit significantly exceeded the previous record high and reached JPY 820.3 billion, above the double of that of last year. Historically, good results. After excluding the extraordinary gains and losses, core profit was also up 1.5x from the previous year and reached about JPY 690 billion greatly, renewing the record high number. We exceeded initial forecast in

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