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Itochu to log record net profit on digital transformation demand

Japanese trading house expects 70% jump to $5.8bn for year ending March 2022

Japanese trading company Itochu expects a record $5.8 profit in the fiscal year ending next March, which would also be a record for a Japanese trading house.   © Reuters

TOKYO -- Itochu is likely to post a record net profit of more than 670 billion yen ($5.8 billion) this fiscal year through March 2022, up 70% from the previous year, Nikkei has learned, as the Japanese trading house caters to growing demand from clients seeking help with digital transformation.

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