Interim report
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Company name: ITOCHU Corporation Stock exchange code: 8001 https://www.itochu.co.jp/en/ir/ President and Chief Operating Officer: Keita Ishii General Manager, Investor Relations Division: Kazunori Harada TEL: + 81 - 3 - 3497 - 7295 The date of payout of dividend: - Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (for institutional investors and analysts) (1) Consolidated operating results (Summary) (%: Changes from the same period of the previous fiscal year) Revenues Trading income (*3) Profit before tax Net profit Net profit attributable to ITOCHU Total comprehensive income attributable to ITOCHU For the first quarter of millions of yen % millions of yen % millions of yen % millions of yen % millions of yen % millions of yen % FY2026 3,875,861 8.9 205,455 20.3 369,999 (1.3) 303,650 3.9 293,763 3.5 367,919 109.8 FY2025 3,558,933 (1.1) 170,735 (10.4) 374,814 31.0 292,283 33.5 283,939 37.4 175,372 (53.9) Basic earnings per share attributable to ITOCHU Diluted earnings per share attributable to ITOCHU For the first quarter of yen yen FY2026 42.02 - FY2025 40.10 - Equity in earnings of associates and joint ventures (millions of yen) 1st quarter of FY2026: 111,624 [ 74.8%] 1st quarter of FY2025: 63,869 [ (11.1)%] Total comprehensive income (millions of yen) 1st quarter of FY2026: 377,557 [ 103.9%] 1st quarter of FY2025: 185,204 [ (53.8)%] Total assets Total equity Total shareholders’ equity Ratio of shareholders’ equity to total assets Shareholders’ equity per share millions of yen millions of yen millions of yen % yen June 30, 2026 17,179,751 7,191,223 6,770,822 39.4 968.22 March 31, 2026 16,732,815 7,188,259 6,589,966 39.4 942.78 Operating activities Investing activities Financing activities Cash and cash equivalents For the first quarter of millions of yen millions of yen millions of yen millions of yen FY2026 106,562 (71,789) 40,353 673,419 FY2025 245,502 (48,512) (210,645) 534,114 Dividend distribution per share End of first quarter End of second quarter End of third quarter Year-end Annual yen yen yen yen yen FY2025 - 100.00 - 22.00 - FY2026 - FY2026 (Planned) 22.00 - 22.00 44.00 August 3, 2026 Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2027 [Prepared in conformity with International Financial Reporting Standards] 1. Consolidated operating results for the first quarter of FY2026 (from April 1, 2026 to June 30, 2026) (Note) On January 1, 2026, ITOCHU Corporation conducted a five-for-one share split of its common stock. “Basic earnings per share attributable to ITOCHU” is calculated as if the share split had occurred at the beginning of FY2025. (2) Consolidated financial position (3) Consolidated cash flows information 2. Dividend distribution Note 1: Revisions to the plan of dividend distribution announced most recently : None Note 2: As the share split took effect on January 1, 2026, the interim dividend for FY2025 (100.00 yen) is calculated based on the number of shares before the share split, and the year-end dividend for FY2025 (22.00 yen) is calculated based on the number of shares after the share split. The annual dividend for FY2025 shall be 210.00 yen if the share split is not considered and 42.00 yen if the share split is considered. - 1 -
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(%: Changes from the previous fiscal year) Net profit attributable to ITOCHU Basic earnings per share attributable to ITOCHU millions of yen % yen FY2026 950,000 5.5 136.75 (a) Changes in accounting policies required by IFRS : None (b) Other changes : None (c) Changes in accounting estimates : None (a) Number of shares issued at the end of the period (including treasury stock) 1st quarter of FY2026 7,924,447,520 FY2025 7,924,447,520 (b) Number of treasury stock at the end of the period 1st quarter of FY2026 931,394,253 FY2025 934,534,834 (c) Average number of shares outstanding during the period 1st quarter of FY2026 6,990,376,434 1st quarter of FY2025 7,080,666,840 3. Outlook of consolidated operating results for FY2026 (from April 1, 2026 to March 31, 2027) Note 1: Revisions to the outlook of consolidated operating results announced most recently : None Note 2: Outlook of consolidated operating results for the first half of FY2026 is not prepared. 4. Other information (1) Significant changes in the consolidation scope during the period : None (2) Changes in accounting policies and accounting estimates (3) Number of common shares issued (Note) On January 1, 2026, ITOCHU Corporation conducted a five-for-one share split of its common stock. “Average number of shares outstanding during the period” is calculated as if the share split had occurred at the beginning of FY2025. [Note] Review of the Japanese-language originals of the attached Quarterly Consolidated Financial Statements by certified public accountants or audit firms : None *1. This document is an English translation of a statement initially written in Japanese. The original Japanese document should be considered as the primary version. *2. Data and projections contained in these materials are based on the information available at the time of publication, and various factors may cause the actual results to differ materially from those presented in such forward-looking statements. ITOCHU Corporation, therefore, wishes to caution that readers should not place undue reliance on forward-looking statements, and further, that ITOCHU Corporation has no obligation to update any forward-looking statements as a result of new information, future events or other developments. *3. “Trading income” is presented in accordance with Japanese accounting practices. “Trading income” = “Gross trading profit” + “Selling, general and administrative expenses” + “Provision for doubtful accounts” *4. The consolidated financial statements are expressed in Japanese yen and, solely for the convenience of the reader, have been translated into U.S. dollars at the rate of 162.39 yen = 1 U.S. dollar, the exchange rate prevailing on June 30, 2026. The translation should not be construed as a representation that the Japanese yen amounts could be converted into U.S. dollars at the above or any other rate. *5. “ITOCHU” referred to in the consolidated financial statements represents ITOCHU Corporation. *6. After the completion of the review of the Japanese-language originals of the attached Quarterly Consolidated Financial Statements by the audit firm, the Quarterly Consolidated Financial Results with the interim review report is scheduled to be disclosed on August 6, 2026. The interim review report is an English translation, and the original Japanese document should be considered as the primary version. - 2 -
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1. Qualitative Information (1) Consolidated Operating Results [For the three-month period ended June 30, 2026] (a) General Economic Situation For the three-month period ended June 30, 2026, the global economy generally lacked momentum due to higher crude oil and other commodity prices, as well as supply chain disruptions resulting from heightened tensions in the Middle East. In the U.S., the economy remained resilient, as consumer spending remained firm with the positive effect of the Trump tax cuts helping to ease the impact of higher gasoline prices, while capital expenditures driven by AI-related demand also provided support. In Europe, although exports and production activities showed signs of recovery, rising energy prices restrained the service sector and consumer spending. In China, while exports remained strong, domestic demand deteriorated due to the continued weakness in the real estate market, diminishing effects of government stimulus measures, and the impact of higher crude oil prices. In Japan, although exports, particularly to Asia and the Middle East, lacked momentum and supply chain bottlenecks associated with heightened tensions in the Middle East were observed, consumer spending and capital expenditures remained firm, supported by increases in real wages and AI-related demand. - 3 -
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(＋):Increase, (－):Decrease 〔Billions of Yen〕 Apr.-Jun. 2026 Apr.-Jun. 2025 Increase (Decrease) Summary of changes Millions of U.S. Dollars Apr.-Jun. 2026 Revenues 3,875.9 3,558.9 316.9 (＋) Energy & Chemicals, Metals & Minerals, ICT & Financial Business, Machinery, and General Products & Realty 23,868 Gross trading profit 656.0 595.4 60.6 (＋) Energy & Chemicals, Metals & Minerals, ICT & Financial Business, and Machinery 4,040 Selling, general and administrative expenses (446.9) (420.4) (26.5) (－) Increase in personnel expenses (－) Depreciation of the yen (2,752) Provision for doubtful accounts (3.7) (4.3) 0.6 (＋) Decrease in provision for doubtful accounts in general receivables (22) Gains (losses) on investments 38.1 130.5 (92.4) (－) Absence of the gain on the sale of C.P. Pokphand in FY25 Q1 (－) Absence of the gain on the sale of PROVENCE HUILES in FY25 Q1 (＋) Gain on the sale of CIECO Azer 235 Gains (losses) on property, plant, equipment and intangible assets 2.3 0.9 1.4 (＋) Gain on the sale of fixed assets in ITOCHU ENEX 14 Other-net 9.2 3.1 6.0 (＋) Improvement in foreign exchange gains and losses 56 Net interest expenses (The total of interest income and interest expense) (14.4) (14.3) (0.2) (－) Deterioration in net interest expenses due to higher yen interest rate and the increase in loans payable (89) Dividends received 17.7 19.9 (2.2) (－) Decrease in dividends received from investees 109 Equity in earnings of associates and joint ventures 111.6 63.9 47.8 (＋) Machinery, Metals & Minerals, Food, and General Products & Realty 687 Profit before tax 370.0 374.8 (4.8) 2,278 Income tax expense (66.3) (82.5) 16.2 (＋) Decrease of profit before tax (＋) Improvement in tax expenses due to the additional acquisition of Hitachi Construction Machinery (408) Net profit 303.7 292.3 11.4 1,870 Net profit attributable to ITOCHU 293.8 283.9 9.8 1,809 (Reference) Trading income 205.5 170.7 34.7 (＋) Energy & Chemicals, Metals & Minerals, ICT & Financial Business, and Textile 1,266 (b) Consolidated Operating Results - 4 -
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(＋):Increase, (－):Decrease 〔Billions of Yen〕 Jun. 2026 Mar. 2026 Increase (Decrease) Summary of changes Millions of U.S. Dollars Jun. 2026 Total assets 17,179.8 16,732.8 446.9 (＋) Increase in inventories and trade receivables resulting from the increase of trading transactions (＋) Increase in investments accounted for by the equity method (＋) Depreciation of the yen 105,793 Interest-bearing debt 4,161.2 3,672.7 488.5 25,625 Net interest-bearing debt 3,435.1 3,024.3 410.8 (＋) Additional acquisition of Hitachi Construction Machinery and ITOCHU-SHOKUHIN (＋) Dividend payments (＋) Depreciation of the yen (－) Stable performance in operating revenues 21,153 Total shareholders’ equity 6,770.8 6,590.0 180.9 (＋) Net profit attributable to ITOCHU during this fiscal year (＋) Depreciation of the yen (－) Dividend payments 41,695 Ratio of shareholders’ equity to total assets 39.4% 39.4% Same level NET DER (times) 0.51 0.46 Increased 0.05 (2) Consolidated Financial Position (＋):Cash-inflow, (－):Cash-outflow 〔Billions of Yen〕 Apr.-Jun. 2026 Summary Apr.-Jun. 2025 Millions of U.S. Dollars Apr.-Jun. 2026 Cash flows from operating activities 106.6 (＋) Stable performance in operating revenues in Food and Metals & Minerals (＋) Dividends received from equity method investments in Machinery, Metals & Minerals, and ICT & Financial Business (－) Increase in working capital in Energy & Chemicals and General Products & Realty 245.5 656 Cash flows from investing activities (71.8) (－) Acquisition of equity method investments in Machinery, General Products & Realty, and ICT & Financial Business (－) Purchase of fixed assets in Food, Metals & Minerals, and General Products & Realty (48.5) (442) Free cash flows 34.8 197.0 214 Cash flows from financing activities 40.4 (＋) Proceeds from debentures and loans payable (－) Additional acquisition of Hitachi Construction Machinery and ITOCHU-SHOKUHIN (－) Dividend payments (－) Repayments of lease liabilities (210.6) 249 (3) Consolidated Cash Flows “Cash and cash equivalents” as of June 30, 2026 increased by 79.7 billion yen compared to March 31, 2026 to 673.4 billion yen (4,147 million U.S. dollars). - 5 -
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2. Summary Information (Notes) (1) Significant changes in the consolidation scope during the period : None (a) Changes in accounting policies required by IFRS None (b) Other changes None (c) Changes in accounting estimates None (2) Changes in accounting policies and accounting estimates With regards to the impact of the situation in the Middle East and Russia-Ukraine, there are no significant changes from the description in the Annual Financial Statements for the year ended March 31, 2026. - 6 -
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3. Quarterly Consolidated Financial Statements [Condensed] Millions of Yen Millions of U.S. Dollars Apr.-Jun. 2026 Apr.-Jun. 2025 Apr.-Jun. 2026 Revenues: Revenues from sale of goods................................................ ¥ 3,483,127 ¥ 3,198,341 $ 21,449 Revenues from rendering of services and royalties.............. 392,734 360,592 2,419 Total revenues....................................................................... 3,875,861 3,558,933 23,868 Cost: Cost of sale of goods............................................................ (3,022,515) (2,782,637) (18,613) Cost of rendering of services and royalties.......................... (197,360) (180,934) (1,215) Total cost.............................................................................. (3,219,875) (2,963,571) (19,828) Gross trading profit.............................................................. 655,986 595,362 4,040 Other gains (losses): Selling, general and administrative expenses....................... (446,880) (420,360) (2,752) Provision for doubtful accounts........................................... (3,651) (4,267) (22) Gains (losses) on investments............................................... 38,144 130,544 235 Gains (losses) on property, plant, equipment and intangible assets............................................................ 2,334 894 14 Other-net............................................................................... 9,151 3,102 56 Total other-losses.................................................................. (400,902) (290,087) (2,469) Financial income (loss): Interest income..................................................................... 13,348 11,272 82 Dividends received............................................................... 17,720 19,938 109 Interest expense.................................................................... (27,777) (25,540) (171) Total financial income.......................................................... 3,291 5,670 20 Equity in earnings of associates and joint ventures................ 111,624 63,869 687 Profit before tax.................................................................... 369,999 374,814 2,278 Income tax expense................................................................ (66,349) (82,531) (408) Net profit................................................................................ 303,650 292,283 1,870 Net profit attributable to ITOCHU....................................... 293,763 283,939 1,809 Net profit attributable to non-controlling interests............... 9,887 8,344 61 (1) Consolidated Statement of Comprehensive Income [Condensed] ITOCHU Corporation and its Subsidiaries For the three-month periods ended June 30, 2026 and 2025 - 7 -
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Millions of Yen Millions of U.S. Dollars Apr.-Jun. 2026 Apr.-Jun. 2025 Apr.-Jun. 2026 Other comprehensive income, net of tax: Items that will not be reclassified to profit or loss FVTOCI financial assets..................................................... ¥ (13,640) ¥ 11,658 $ (84) Remeasurement of net defined pension liability................. (724) 622 (5) Other comprehensive income in associates and joint ventures.............................................................. 743 1,408 5 Items that will be reclassified to profit or loss Translation adjustments...................................................... 20,941 (49,012) 129 Cash flow hedges................................................................ 8,316 10,843 51 Other comprehensive income in associates and joint ventures.............................................................. 58,271 (82,598) 359 Total other comprehensive income, net of tax................. 73,907 (107,079) 455 Total comprehensive income............................................... 377,557 185,204 2,325 Total comprehensive income attributable to ITOCHU......... 367,919 175,372 2,266 Total comprehensive income attributable to non-controlling interests...................................................... 9,638 9,832 59 Note 1 : The gains and losses on disposal and remeasurement of equity financial instruments, of which the changes in fair value are recorded in “Other comprehensive income”, are recognized in “FVTOCI financial assets”. Note 2 : “Trading income” is presented in accordance with Japanese accounting practices. “Trading income” = “Gross trading profit” + “Selling, general and administrative expenses” + “Provision for doubtful accounts” Trading income for the three-month periods ended June 30, 2026 and 2025 were 205,455 million yen (1,266 million U.S. dollars) and 170,735 million yen, respectively. - 8 -
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Assets Millions of Yen Millions of U.S. Dollars Jun. 2026 Mar. 2026 Jun. 2026 Current assets: Cash and cash equivalents............................................................................ ¥ 673,419 ¥ 593,766 $ 4,147 Time deposits................................................................................................ 52,768 54,671 325 Trade receivables.......................................................................................... 3,099,019 3,032,965 19,084 Other current receivables.............................................................................. 306,323 291,933 1,886 Other current financial assets....................................................................... 132,821 153,024 818 Inventories.................................................................................................... 1,643,574 1,544,795 10,121 Advances to suppliers................................................................................... 367,382 339,084 2,262 Other current assets...................................................................................... 307,871 259,847 1,896 Total current assets................................................................................... 6,583,177 6,270,085 40,539 Non-current assets: Investments accounted for by the equity method......................................... 4,326,446 4,104,790 26,642 Other investments......................................................................................... 1,388,818 1,398,083 8,553 Non-current receivables............................................................................... 908,975 927,347 5,598 Non-current financial assets other than investments and receivables............................................................................................ 157,307 158,754 969 Property, plant and equipment...................................................................... 2,402,119 2,416,885 14,792 Investment property...................................................................................... 31,825 33,356 196 Goodwill and intangible assets..................................................................... 1,242,454 1,228,428 7,651 Deferred tax assets........................................................................................ 61,441 69,820 378 Other non-current assets............................................................................... 77,189 125,267 475 Total non-current assets............................................................................ 10,596,574 10,462,730 65,254 Total assets........................................................................................ ¥ 17,179,751 ¥16,732,815 $ 105,793 (2) Consolidated Statement of Financial Position [Condensed] ITOCHU Corporation and its Subsidiaries As of June 30, 2026 and March 31, 2026 - 9 -
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Liabilities and Equity Millions of Yen Millions of U.S. Dollars Jun. 2026 Mar. 2026 Jun. 2026 Current liabilities: Short-term debentures and borrowings....................................................... ¥ 849,329 ¥ 746,882 $ 5,230 Lease liabilities (short-term)....................................................................... 244,238 242,355 1,504 Trade payables............................................................................................. 2,422,527 2,402,189 14,918 Other current payables................................................................................ 294,007 242,628 1,811 Other current financial liabilities................................................................. 117,099 141,930 721 Current tax liabilities................................................................................... 63,061 115,610 388 Advances from customers........................................................................... 321,854 289,891 1,982 Other current liabilities................................................................................ 551,046 582,609 3,393 Total current liabilities.............................................................................. 4,863,161 4,764,094 29,947 Non-current liabilities: Long-term debentures and borrowings....................................................... 3,311,909 2,925,827 20,395 Lease liabilities (long-term)........................................................................ 838,537 843,005 5,164 Other non-current financial liabilities......................................................... 180,167 165,140 1,109 Non-current liabilities for employee benefits.............................................. 87,160 87,785 537 Deferred tax liabilities................................................................................. 509,352 524,616 3,136 Other non-current liabilities........................................................................ 198,242 234,089 1,221 Total non-current liabilities...................................................................... 5,125,367 4,780,462 31,562 Total liabilities.......................................................................................... 9,988,528 9,544,556 61,509 Equity: Common stock: Authorized: 15,000,000,000 shares; issued: 7,924,447,520 shares................................................................... 253,448 253,448 1,561 Capital surplus............................................................................................. (511,521) (459,335) (3,150) Retained earnings........................................................................................ 6,409,598 6,269,767 39,470 Other components of equity: Translation adjustments............................................................................ 1,127,765 1,047,417 6,945 FVTOCI financial assets.......................................................................... 159,112 160,587 980 Cash flow hedges...................................................................................... 58,009 46,156 357 Total other components of equity............................................................. 1,344,886 1,254,160 8,282 Treasury stock.............................................................................................. (725,589) (728,074) (4,468) Total shareholders’ equity........................................................................ 6,770,822 6,589,966 41,695 Non-controlling interests............................................................................. 420,401 598,293 2,589 Total equity............................................................................................... 7,191,223 7,188,259 44,284 Total liabilities and equity............................................................... ¥17,179,751 ¥16,732,815 $ 105,793 - 10 -
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(Unit: Millions of Yen) Shareholders’ equity Non- controlling interests Total equityCommon stock Capital surplus Retained earnings Other components of equity Treasury stock Total shareholders’ equity Balance on Apr. 1, 2026 ¥ 253,448 ¥ (459,335) ¥ 6,269,767 ¥ 1,254,160 ¥ (728,074) ¥ 6,589,966 ¥ 598,293 ¥ 7,188,259 Net profit 293,763 293,763 9,887 303,650 Other comprehensive income 74,156 74,156 (249) 73,907 Total comprehensive income 293,763 74,156 367,919 9,638 377,557 Cash dividends to shareholders (153,960) (153,960) (153,960) Cash dividends to non-controlling interests - (10,079) (10,079) Net change in acquisition (disposition) of treasury stock 2,485 2,485 2,485 Net change in sale (purchase) of subsidiary shares to (from) non-controlling interests (52,186) 16,598 (35,588) (177,451) (213,039) Transfer to Retained earnings 28 (28) - - Balance on Jun. 30, 2026 253,448 (511,521) 6,409,598 1,344,886 (725,589) 6,770,822 420,401 7,191,223 (Unit: Millions of Yen) Shareholders’ equity Non- controlling interests Total equityCommon stock Capital surplus Retained earnings Other components of equity Treasury stock Total shareholders’ equity Balance on Apr. 1, 2025 ¥ 253,448 ¥ (443,645) ¥ 5,658,294 ¥ 846,515 ¥ (559,540) ¥ 5,755,072 ¥ 535,640 ¥ 6,290,712 Net profit 283,939 283,939 8,344 292,283 Other comprehensive income (108,567) (108,567) 1,488 (107,079) Total comprehensive income 283,939 (108,567) 175,372 9,832 185,204 Cash dividends to shareholders (141,960) (141,960) (141,960) Cash dividends to non-controlling interests - (11,792) (11,792) Net change in acquisition (disposition) of treasury stock (39,809) (39,809) (39,809) Net change in sale (purchase) of subsidiary shares to (from) non-controlling interests (6,901) (6,901) (1,834) (8,735) Transfer to Retained earnings 1,965 (1,965) - - Balance on Jun. 30, 2025 253,448 (450,546) 5,802,238 735,983 (599,349) 5,741,774 531,846 6,273,620 (Unit: Millions of U.S. Dollars) Shareholders’ equity Non- controlling interests Total equityCommon stock Capital surplus Retained earnings Other components of equity Treasury stock Total shareholders’ equity Balance on Apr. 1, 2026 $ 1,561 $ (2,829) $ 38,609 $ 7,723 $ (4,483) $ 40,581 $ 3,685 $ 44,266 Net profit 1,809 1,809 61 1,870 Other comprehensive income 457 457 (2) 455 Total comprehensive income 1,809 457 2,266 59 2,325 Cash dividends to shareholders (948) (948) (948) Cash dividends to non-controlling interests - (62) (62) Net change in acquisition (disposition) of treasury stock 15 15 15 Net change in sale (purchase) of subsidiary shares to (from) non-controlling interests (321) 102 (219) (1,093) (1,312) Transfer to Retained earnings 0 (0) - - Balance on Jun. 30, 2026 1,561 (3,150) 39,470 8,282 (4,468) 41,695 2,589 44,284 (3) Consolidated Statement of Changes in Equity [Condensed] ITOCHU Corporation and its Subsidiaries For the three-month periods ended June 30, 2026 and 2025 - 11 -
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Millions of Yen Millions of U.S. Dollars Apr.-Jun. 2026 Apr.-Jun. 2025 Apr.-Jun. 2026 Cash flows from operating activities: Net profit..................................................................................................... ¥ 303,650 ¥ 292,283 $ 1,870 Adjustments to reconcile net profit to net cash provided by operating activities Depreciation and amortization................................................................. 114,786 111,222 707 (Gains) losses on investments.................................................................. (38,144) (130,544) (235) (Gains) losses on property, plant, equipment and intangible assets............................................................................... (2,334) (894) (14) Financial (income) loss............................................................................. (3,291) (5,670) (20) Equity in earnings of associates and joint ventures.................................. (111,624) (63,869) (687) Income tax expense.................................................................................. 66,349 82,531 408 Provision for doubtful accounts and other provisions.............................. 3,492 4,267 22 Changes in assets and liabilities, other-net............................................... (180,838) (60,777) (1,114) Proceeds from interest................................................................................. 9,323 6,947 57 Proceeds from dividends............................................................................. 77,171 126,201 475 Payments for interest................................................................................... (23,726) (21,100) (146) Payments for income taxes.......................................................................... (108,252) (95,095) (667) Net cash provided by (used in) operating activities............................ 106,562 245,502 656 Cash flows from investing activities: Net change in investments accounted for by the equity method................. (86,589) (4,338) (533) Net change in other investments................................................................. 35,261 8,625 217 Net change in loans receivable.................................................................... 34,048 762 210 Net change in property, plant, equipment and intangible assets................. (55,830) (55,845) (344) Net change in time deposits......................................................................... 1,321 2,284 8 Net cash provided by (used in) investing activities............................ (71,789) (48,512) (442) Cash flows from financing activities: Net change in debentures and loans payable............................................... 469,078 92,546 2,889 Repayments of lease liabilities.................................................................... (67,918) (63,529) (418) Cash dividends............................................................................................. (153,960) (141,960) (948) Net change in treasury stock........................................................................ (2) (40,275) (0) Other............................................................................................................ (206,845) (57,427) (1,274) Net cash provided by (used in) financing activities............................ 40,353 (210,645) 249 Net change in cash and cash equivalents.................................................... 75,126 (13,655) 463 Cash and cash equivalents at the beginning of the period.............................. 593,766 549,573 3,656 Effect of exchange rate changes on cash and cash equivalents...................... 4,527 (1,804) 28 Cash and cash equivalents at the end of the period................................... ¥ 673,419 ¥ 534,114 $ 4,147 (4) Consolidated Statement of Cash Flows [Condensed] ITOCHU Corporation and its Subsidiaries For the three-month periods ended June 30, 2026 and 2025 - 12 -
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For the three-month period ended June 30, 2026 (April 1, 2026 -June 30, 2026) Millions of Yen Textile Machinery Metals & Minerals Energy & Chemicals Food General Products & Realty ICT & Financial Business The 8th Others, Adjustments & Eliminations Consolidated total Revenues: Revenues from external customers... ¥ 164,220 ¥ 370,329 ¥ 341,258 ¥ 873,523 ¥ 1,419,395 ¥ 394,537 ¥ 278,061 ¥ 3,417 ¥ 31,121 ¥ 3,875,861 Intersegment revenues...................... 5 7 - 11,566 3,313 3,405 3,656 231 (22,183) - Total revenues................................ 164,225 370,336 341,258 885,089 1,422,708 397,942 281,717 3,648 8,938 3,875,861 Gross trading profit............................. 49,443 70,052 49,512 87,731 221,671 86,029 91,610 719 (781) 655,986 Trading income................................... 6,517 20,811 42,923 42,367 57,957 19,454 21,821 (768) (5,627) 205,455 Net profit attributable to ITOCHU..... 14,435 54,811 45,907 64,345 30,653 13,896 20,495 12,590 36,631 293,763 [Equity in earnings of associates and joint ventures]........... [8,084] [33,858] [9,970] [5,122] [10,393] [3,168] [7,503] [1,498] [32,028] [111,624] Total assets on Jun. 30, 2026.............. 762,967 2,685,529 1,862,998 1,840,955 4,504,840 1,695,427 1,624,688 93,851 2,108,496 17,179,751 For the three-month period ended June 30, 2025 (April 1, 2025 -June 30, 2025) Millions of Yen Textile Machinery Metals & Minerals Energy & Chemicals Food General Products & Realty ICT & Financial Business The 8th Others, Adjustments & Eliminations Consolidated total Revenues: Revenues from external customers... ¥ 151,397 ¥ 344,386 ¥ 289,416 ¥ 720,107 ¥ 1,416,769 ¥ 369,486 ¥ 238,346 ¥ 1,897 ¥ 27,129 ¥ 3,558,933 Intersegment revenues...................... 1,596 8 - 11,531 17 2,213 3,501 248 (19,114) - Total revenues................................ 152,993 344,394 289,416 731,638 1,416,786 371,699 241,847 2,145 8,015 3,558,933 Gross trading profit............................. 45,365 62,097 38,255 71,702 215,885 81,314 80,412 414 (82) 595,362 Trading income................................... 3,390 18,798 32,598 28,784 56,432 19,599 17,767 (1,231) (5,402) 170,735 Net profit attributable to ITOCHU..... 8,905 32,046 33,594 19,520 33,817 11,216 16,112 10,368 118,361 283,939 [Equity in earnings of associates and joint ventures]........... [5,237] [14,680] [3,477] [533] [4,507] [(1,741)] [7,511] - [29,665] [63,869] Total assets on Jun. 30, 2025.............. 767,387 2,274,387 1,494,956 1,687,602 4,359,894 1,488,986 1,453,749 6,072 1,645,068 15,178,101 Total assets on Mar. 31, 2026............. 751,865 2,603,452 1,793,397 1,819,410 4,459,687 1,628,702 1,577,229 94,912 2,004,161 16,732,815 For the three-month period ended June 30, 2026 (April 1, 2026 -June 30, 2026) Millions of U.S. Dollars Textile Machinery Metals & Minerals Energy & Chemicals Food General Products & Realty ICT & Financial Business The 8th Others, Adjustments & Eliminations Consolidated total Revenues: Revenues from external customers... $ 1,011 $ 2,281 $ 2,101 $ 5,379 $ 8,741 $ 2,430 $ 1,712 $ 21 $ 192 $ 23,868 Intersegment revenues...................... 0 0 - 72 20 21 23 1 (137) - Total revenues................................ 1,011 2,281 2,101 5,451 8,761 2,451 1,735 22 55 23,868 Gross trading profit............................. 305 431 305 540 1,365 530 564 5 (5) 4,040 Trading income................................... 40 128 264 261 357 120 135 (5) (34) 1,266 Net profit attributable to ITOCHU..... 89 337 283 396 189 86 126 77 226 1,809 [Equity in earnings of associates and joint ventures]............ [50] [208] [61] [32] [64] [20] [46] [9] [197] [687] Total assets on Jun. 30, 2026.............. 4,698 16,538 11,472 11,337 27,741 10,440 10,005 578 12,984 105,793 (5) Operating Segment Information ITOCHU Corporation and its Subsidiaries For the three-month periods ended June 30, 2026 and 2025 Information concerning operations in different operating segments for the three-month periods ended June 30, 2026 and 2025 is as follows: Note 1: “Equity in earnings of associates and joint ventures” is included in “Net profit attributable to ITOCHU”. Note 2: “Trading income” = “Gross trading profit” + “Selling, general and administrative expenses” + “Provision for doubtful accounts” Note 3: “Others, Adjustments & Eliminations” includes gains and losses, which do not belong to any operating segment and internal eliminations between operating segments. The investment in CITIC Limited and the profits and losses attributable to it are included in this segment. Note 4: Beginning in FY2026, the segment primarily responsible for FamilyMart has been changed from “The 8th” to “Food”. Following this change, assets, liabilities, profits and losses related to FamilyMart are attributed to “Food”, while 70% of the “Net profit attributable to ITOCHU” is allocated to “The 8th”. Accordingly, the figures for the same period of the previous fiscal year and as of March 31, 2026 have been reclassified. - 13 -
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(6) Assumption for Going Concern : None (7) Material Subsequent Events : The resolution regarding Repurchase of Own Shares ITOCHU has decided at the meeting of the Board of Directors held on August 3, 2026 to repurchase its own shares in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act of Japan. (a) Type of shares to be repurchased : Common stock of ITOCHU (b) Total amount of shares to be repurchased : ¥300.0 billion (maximum) (c) Period : From August 4, 2026 to January 29, 2027 For details, please refer to the timely disclosure titled “Announcement Regarding Repurchase of Own Shares, Tender Offer for Own Shares and Market Purchases,” released by ITOCHU on August 3, 2026. - 14 -