Itochu reports record nine-month profit as consumer business offsets resource slowdown
Itochu reported a record nine-month profit of 705.3 billion yen today. Strong consumer demand helped the company offset a slowdown in its resource businesses.
Insights:
Itochu reported on Friday that its nine-month net profit rose 4% to 705.3 billion yen, a record for the period ending Dec. 31. The Japan 
JP based trading house announced that the results prompted an additional share buyback of up to 20 billion yen and an increase in the company’s expected total payout ratio to 52%. Despite the record performance, Itochu left its net profit forecast for the full fiscal year unchanged.
JP based trading house announced that the results prompted an additional share buyback of up to 20 billion yen and an increase in the company’s expected total payout ratio to 52%. Despite the record performance, Itochu left its net profit forecast for the full fiscal year unchanged.
