Itochu stock holds forecast after record first-half profit

Published on 11/09/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Itochu stock remains supported by record first-half earnings and a steady full-year outlook. Management sees more pressure in energy and chemicals.

Record Profit, Unchanged Outlook

First-half net profit rose 16 percent to 580.5 billion Japanese yen.
Core profit increased 33 percent to a record 504.5 billion Japanese yen.
Management retained its full-year net profit target of 950 billion Japanese yen and core profit target of 900 billion Japanese yen.
Energy and chemicals earnings are expected to weaken in the second half as supply disruptions ease.

Itochu, JP3143600009, Illustration mit AI erstellt.

Itochu reported record earnings for the six months ended September 30, 2026, while keeping its full-year targets unchanged. The Japanese trading group said net profit rose 16 percent year over year to 580.5 billion Japanese yen, according to Yahoo Finance, citing Investing.com.

Broad Growth Across Businesses

Core profit, which excludes extraordinary gains and losses, climbed 33 percent to a record 504.5 billion Japanese yen. Non-resource operations contributed 427 billion Japanese yen, up 30 percent from a year earlier, while resource-related core profit increased 52 percent to 77.5 billion Japanese yen.

Machinery, metals and minerals, and energy and chemicals were among the main contributors. Stronger North American power earnings, improved coal operations and higher chemical prices supported the period. The sale of an overseas energy business also added to reported profit, making the core-profit measure important when assessing recurring operating momentum.

ITOCHU's investor-relations page confirms that the FY2026 second-quarter results were announced on November 4, 2026. The company retained its full-year net profit forecast of 950 billion Japanese yen and its core profit forecast of 900 billion Japanese yen, representing first-half progress of 61 percent and 56 percent respectively, according to the company material summarized by Yahoo Finance.

Second-Half Risks Remain

Management expects earnings from energy and chemicals to slow in the second half as disruptions in chemical raw-material supply ease. That places greater importance on the contribution from non-resource businesses, industrial operations and investment-related earnings.

The company also forecast annual shareholder returns of at least 604 billion Japanese yen, including dividends and share buybacks. The unchanged profit targets and broad first-half contribution support the earnings profile, although the expected normalization in energy and chemicals remains a factor for investors to monitor.

At 09:44 CET on Monday, November 9, 2026, Itochu stock traded at 13.26 euros on Lang & Schwarz.