Itochu's net profit up 6.2% in fiscal first half, maintains outlook

Japanese trading house's results beat market consensus

20241106 itochu

Japanese trading company Itochu said its fiscal first-half net profit rose 6.2% from the same period the year before, beating a consensus estimate by analysts. (Photo by Yuki Nakao)

AKANE OKUTSU, Nikkei staff writer

TOKYO -- Japanese trading house Itochu on Wednesday announced that it recorded net profit of 438.4 billion yen ($2.8 billion) for the April-to-September period, up 6.2% from the same period last year, boosted by gains across its wide portfolio of companies.

The earnings for the six months beat the market consensus of 418.8 billion yen in a survey by QUICK. The company's revenue for the same period increased by 7.6% from the previous year to 7.2 trillion yen.

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