Q1 2023 Itochu Corp Earnings Presentation Transcript
I am Tsuyoshi Hachimura, CFO of ITOCHU Corporation. Thank you very much for joining us. I'd like to now present the business results for the Q1 of FYE 2023.
We have already made the material available from our website. So I'll be using the PowerPoint presentation material, starting with Page 3. This is a summary. Net profit attributable to ITOCHU was JPY 230.6 billion, making a strong progress toward the forecast of JPY 700 billion, achieving 33%. In Q1 last year, we had a record high number of JPY 267.5 billion. And this time, we have a second highest net profit number.
There is a positive impact of the high resource prices. But our strength, which is the nonresource businesses, our revenue and profit grew steadily despite the weaker yen and inflation. The percentage
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