Overview
Wholesale Trade

ITOCHU Corporation

ITOCHU Corporation is one of Japan's leading general trading companies (sogo shosha), operating across eight division companies covering textiles, machinery, metals, energy & chemicals, food, housing & living materials, and information & financial businesses. The company engages in a wide range of activities including trading of diverse commodities, project development, finance, logistics, resource development, and business investment on a global scale. ITOCHU is particularly noted for its strength in consumer-oriented sectors such as food and textiles, as well as its expanding presence in energy transition, IT solutions, and infrastructure businesses.

Market Cap
¥16,091B
US$103B
EV
¥20,775B
US$132B
Stock¥2,301▼-1.12%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
17.3
x
LTM EV/EBIT
27.6
x
LTM PER
17.7
x
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+12.1%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
16,091BUS$103BMarket Cap5,244BUS$33.4B+ Debt673BUS$4.29B− Cash307BUS$1.96B− Inv. Sec.420BUS$2.68B+ NCI20,775BUS$132BEV
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Performance & Balance
Revenue 5Y (¥B)
12,293US$78.4B'22/313,946US$88.9B'23/314,030US$89.5B'24/314,724US$93.9B'25/314,823US$94.5B'26/3
EBITDA 5Y (¥B)
987US$6.29B'22/31,112US$7.09B'23/31,123US$7.16B'24/31,134US$7.23B'25/31,161US$7.40B'26/3
Net Income 5Y (¥B)
820US$5.23B'22/3801US$5.11B'23/3802US$5.11B'24/3880US$5.61B'25/3900US$5.74B'26/3
Capital Structure
56%
44%
EquityD/E 0.77xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
612US$3.90B3,917US$25.0B'22/3606US$3.86B4,011US$25.6B'23/3600US$3.83B4,396US$28.0B'24/3550US$3.50B4,622US$29.5B'25/3594US$3.79B4,758US$30.3B'26/3
Shareholders
Top 10 hold 43.7%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
15.33%
2
STATE STREET BANK AND TRUST COMPANY 505104 (Standing Proxy: Mizuho Bank, Ltd.)
10.11%
3
Custody Bank of Japan, Ltd. (Trust Account)
5.21%
4
Nippon Life Insurance Company
2.43%
5
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.38%
6
Mizuho Bank, Ltd.
2.16%
7
THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
1.96%
8
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.43%
9
Asahi Mutual Life Insurance Company
1.34%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.31%
Management
14 officers
Masahiro OKAFUJI
Representative Director, Chairman, CEO
As described in (a)
1949-12-12
Keita ISHII
Representative Director, President, COO, CSO, Head of Group CEO Office
As described in (a)
1960-10-23
Hiroyuki TSUMEBAI
Representative Director, Executive Vice President, President of Machinery Company, Assistant to COO
As described in (a)
1960-03-28
Hiroyuki NAKA
Representative Director, Senior Managing Executive Officer, CFO, CXO
As described in (a)
1964-01-14
Tomokuni NISHIGUCHI
Representative Director, Senior Managing Executive Officer, CAO
Apr 1990 Joined the Company Apr 2021 General Manager, Secretariat Department Apr 2022 Executive Officer Apr 2024 Senior Executive Officer Apr 2026 Senior Managing Executive Officer, CAO Jun 2026 Assumed current position (current)
1967-04-05
Masatoshi KAWANA
Director
As described in (a)
1953-11-27
Makiko NAKAMORI
Director
As described in (a)
1963-08-18
Kunio ISHIZUKA
Director
As described in (a)
1949-09-11
Akiko ITO
Director
As described in (a)
1962-02-28
Jun INOMATA
Full-time Audit & Supervisory Board Member
Apr 1989 Joined the Company Apr 2015 General Manager, Iron Ore & Steel Raw Materials Department Apr 2017 General Manager, Metals Business Planning Department Apr 2018 General Manager, Central & South America; President, Itochu do Brasil Ltda. Apr 2020 General Manager, Metals & Mineral Resources Division Apr 2023 Executive Officer Apr 2024 President, Metals Company Apr 2026 Managing Officer Jun 2026 Assumed current position (current)
1965-09-12
Kenji TAKAI
Full-time Audit & Supervisory Board Member
Apr 1990 Joined the Company Apr 2019 CFO, Energy & Chemicals Company Apr 2022 General Manager, Internal Audit Department May 2024 Full-time Audit & Supervisory Board Member, FamilyMart Co., Ltd. Jun 2026 Assumed current position (current)
1965-09-20
Kentaro URYU
Audit & Supervisory Board Member
As described in (a)
1965-01-02
Tsutomu FUJITA
Audit & Supervisory Board Member
As described in (a)
1960-03-02
Kumi KOBAYASHI
Audit & Supervisory Board Member
As described in (a)
1979-11-02
Large Shareholding Reports
BlackRock Japan Co., Ltd.
2026-07-21
1.37%→1.71%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.97%→2.74%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-02
公開買付報告書
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-08-04
公開買付届出書
TDnet
2026-08-03
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-06-12
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-18
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-04-03
中期経営計画
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
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