ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Distribution Services


Business Summary

ITOCHU Corp. engages in business of product trading and business investment activities. It operates through the following segments: Textile; Machinery; Metals and Minerals; Energy and Chemicals; Food; ICT and Realty; and Others. The Textile segment covers fiber, raw materials, textile fabrics, clothing apparel, and brand marketing business. The Machinery segment includes plant projects, marine, aerospace, automobile, construction machinery, industrial systems, and life and healthcare business. The Metals and Minerals segment offers metals and mineral resources, steel and non-ferrous products, and coal, nuclear, and solar business. The Energy and Chemicals segment pertains to oil and gas trading, energy resources development, and chemicals business. The Food segment focuses on food resources, product processing, midstream distribution, and retail business. The ICT and Realty segment deals with forest products, general merchandise, ICT, insurance, logistics, construction, realty, and financial business. The Others segment includes the overseas legal corporations in the United States, United Kingdom, Australia, China and Hong Kong. The company was founded by Chubei Itoh in 1858 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2019 JPYUSD
Gross Profit1,470.61B13,261.35M
Operating income356,476M3,214.54M
Income before tax695,383M6,270.66M
Net income500,523M4,513.49M
Diluted EPS324.062.92
Dividends Per Share830.74
Total Assets10,098.70B91,238.23M
Total liabilities6,408.58B57,899.33M
Total equity2,936.90B26,533.93M
Operating cash flow476,551M4,297.33M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 5,591.43B 5,083.64B 4,838.46B 5,510.05B 11,595.36B
Gross Profit 1,047.87B 1,024.01B 1,055.51B 1,166.23B 1,470.61B
Operating income 272,688M 226,526M 288,399M 315,819M 356,476M
Income before tax 418,515M 322,749M 499,855M 537,858M 695,383M
Net income 300,569M 240,376M 352,221M 400,333M 500,523M
EBITDA 381,495M 349,943M 395,445M 431,035M 511,647M
Diluted EPS 187.29 152.14 223.67 257.94 324.06
Dividends Per Share 46 50 55 70 83
Total Assets 8,560.70B 8,036.39B 8,122.03B 8,663.93B 10,098.70B
Total liabilities 5,812.45B 5,584.34B 5,459.22B 5,679.58B 6,408.58B
Total equity 2,433.20B 2,193.67B 2,401.89B 2,669.48B 2,936.90B
Operating cash flow 403,629M 419,404M 389,693M 388,212M 476,551M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 50,897.63M 42,333.96M 44,681.64M 49,715.22M 104,561.93M
Gross Profit 9,538.54M 8,527.47M 9,747.31M 10,522.46M 13,261.35M
Operating income 2,482.22M 1,886.39M 2,663.27M 2,849.51M 3,214.54M
Income before tax 3,809.65M 2,687.68M 4,615.99M 4,852.89M 6,270.66M
Net income 2,736.01M 2,001.72M 3,252.64M 3,612.05M 4,513.49M
EBITDA 3,472.66M 2,914.14M 3,651.80M 3,889.06M 4,613.81M
Diluted EPS 1.70 1.26 2.06 2.32 2.92
Dividends Per Share 0.41 0.41 0.50 0.63 0.74
Total Assets 71,383.78M 71,501.35M 72,889.09M 81,466.24M 91,238.23M
Total liabilities 48,467.37M 49,684.94M 48,992.38M 53,404.65M 57,899.33M
Total equity 20,289.36M 19,517.56M 21,555.17M 25,100.91M 26,533.93M
Operating cash flow 3,674.14M 3,492.58M 3,598.68M 3,502.69M 4,297.33M

Valuation Measures

Mar 2019
Operating margin3.07%
Profit margin4.31%

Key executives

  • Chairman & Chief Executive Officer: Masahiro Okafuji
  • President, COO, Representative Director & CIO: Yoshihisa Suzuki
  • Chief Financial Officer & Representative Director: Tsuyoshi Hachimura
  • Chief Digital & Information Officer: Shunsuke Noda
  • Representative Director & Executive Vice President: Yuji Fukuda


  • ITOCHU Corp. (5.8%)
  • Asset Management One Co., Ltd. (4.1%)
  • Nomura Asset Management Co., Ltd. (2.9%)
  • Fidelity Management & Research Co. LLC (2.6%)
  • MS&AD Insurance Group Holdings, Inc. (2.4%)
  • The Vanguard Group, Inc. (2.4%)
  • Nippon Life Insurance Co. (2.1%)
  • Mizuho Financial Group, Inc. (1.9%)
  • Asahi Mutual Life Insurance Co. (1.4%)

Contact Details

  • Website:
  • Address: 2-5-1 Kita-Aoyama, Minato-Ku, Tokyo, 107-8077, Japan
  • Phone: +81.3.3497.2121

Related Companies

  • Gardia, Inc.
  • DTM Renewables Ltd.
  • BS Investment KK
  • ITOCHU REIT Management Co., Ltd.
  • Itochu Retail Investment Godokaisha
  • Southern Cross Participacoes Ltda.
  • Power Kestrel Ltd.
  • CIECO West Qurna Ltd.
  • Royal Dutch Shell Plc /West Qurna-1 Oil Field/
  • ITOCHU Food Investment LLC
  • Shell Iraq BV
  • GIT Corp.
  • Itochu Board Incentive Plan
  • Itochu Esop Incentive Plan
  • ITOCHU Mineral Resources Development Corp.
  • ITOCH Corp. (Russia)
  • ITOCHU Plastics Co., Ltd.
  • ICM Mining (Canada), Inc.
  • Azerbaijan (BTC) Ltd.
  • NAES Mexico S de RL de CV
  • FamilyMart Co., Ltd.
  • Itochu Corporation Osaka Branch
  • Itochu Corp. /Vickery South Coal Project/
  • Itochu Jidosha Toshi Godokaisha
  • Ningbo Three Togethers Weaving Ltd.
  • Itochu Corp. (Myanmar)
  • Itochu Corp. (Istanbul Branch)
  • NEWGT Reinsurance Co. Ltd.
  • Prominent (Vietnam) Co. Ltd.
  • GCT Management (Thailand) Ltd.


  • Pryce Corp.
  • CARBO Ceramics Inc.
  • Stanmore Coal Limited
  • Halfords Group Plc
  • Mercer International Inc.
  • Generac Holdings Inc.
  • Wacker Neuson SE
Last Updated on 8 Apr, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends April 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media