ITOCHU (8001) Investor Update summary

Division Overview and Business Structure

• The division operates globally across power, infrastructure, aerospace, and marine sectors, with 280 employees and 20 group companies.

• Business units include Green Innovation (decarbonization), Urban Environmental & Power Infrastructure, Aerospace, and Marine.

• Four project development sections cover Southeast Asia, other Asian countries, Europe, Middle East, Africa, Russia, CIS, North America, and Oceania.

• Focus on new business opportunities leveraging global relationships and experience.

Business Activities and Market Trends

• Aerospace engages in trade, aircraft leasing, and aftermarket services, targeting decarbonization and market expansion.

• Marine handles ship sales, charters, and FPSO projects, expanding owned ships and new projects.

• Urban Environmental and Power Infrastructure manages international power, water, and environmental projects, including plant operation and after-sales services.

• The Green Innovation unit focuses on decarbonization, including ammonia-fueled ships and establishing international ammonia fuel supply systems.

Financial Performance and Growth

• Net profit has grown from 19.9 billion yen in FYE2019 to a stable 50 billion yen, with a 46% progress rate in the first half of the current fiscal year.

• ROA has improved, reaching 8–9% in recent years.

• Growth driven by renewable energy asset sales, asset replacement in ship-owning business, and both organic and inorganic initiatives.