Cash flow ITOCHU Corporation

Stocks

8001

JP3143600009

Diversified Industrial Goods Wholesale

Market Closed - Japan Exchange Other stock markets 04:30:00 10/07/26 pm AEST			5-day change	1st Jan Change
1,884.00 ^JPY	-0.40%		-0.24%	-4.61%

09/07	Itochu, Daikin Form Recycling Alliance for Commercial Air Conditioners	MT
08/07	Itochu, Daikin Industries to Launch JV to Recover Aluminum from Commercial ACs	MT

9523.o0a7uYqXDF8h_gJHFTRBp63Ty07f6_iJNI8a5WzrI-I._BDe1tXFdghCxkx0UmIO8t-_n3fsg83ld8Y3oTugEtriMff1_uVvO1ezdQ

Published financial data: ITOCHU CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	12,293B	13,946B	14,030B	14,724B	14,823B
Total Revenues	12,293B	13,946B	14,030B	14,724B	14,823B
Cost of Goods Sold, Total	10,356B	11,816B	11,798B	12,348B	12,343B
Gross Profit	1,937B	2,130B	2,232B	2,376B	2,481B
Selling General & Admin Expenses, Total	1,347B	1,419B	1,522B	1,678B	1,763B
Provision for Bad Debts	7.92B	8.87B	7.72B	14.16B	15.46B
Other Operating Expenses, Total	1,355B	1,428B	1,529B	1,692B	1,779B
Operating Income	583B	702B	703B	684B	702B
Interest Expense, Total	-28.98B	-66.86B	-101B	-104B	-106B
Interest And Investment Income	101B	119B	135B	129B	108B
Net Interest Expenses	72.18B	52.17B	34.55B	24.9B	2.88B
Income (Loss) On Equity Invest.	291B	321B	316B	349B	324B
Currency Exchange Gains (Loss)	-2B	-3.46B	7.98B	12.27B	2.24B
Other Non Operating Income (Expenses)	11.64B	18.53B	5.19B	16.26B	6.57B
EBT, Excl. Unusual Items	956B	1,090B	1,067B	1,087B	1,037B
Merger & Related Restructuring Charges	-	-	-	-580M	-
Gain (Loss) On Sale Of Investments	212B	67.16B	34.82B	83.2B	175B
Gain (Loss) On Sale Of Assets	-17.6B	-50.12B	-6.06B	-14.79B	-12.83B
EBT, Incl. Unusual Items	1,150B	1,107B	1,096B	1,155B	1,199B
Income Tax Expense	271B	262B	244B	222B	262B
Earnings From Continuing Operations	879B	845B	852B	933B	937B
Net Income to Company	879B	845B	852B	933B	937B
Minority Interest	-58.7B	-44.16B	-50.15B	-52.76B	-37.18B
Net Income - (IS)	820B	801B	802B	880B	900B
Net Income to Common Incl Extra Items	820B	801B	802B	880B	900B
Net Income to Common Excl. Extra Items	820B	801B	802B	880B	900B
Per Share Items
Net EPS - Basic	110.57	109.22	110.6	123.13	128
Basic EPS - Continuing Operations	110.57	109.22	110.6	123.13	128
Basic Weighted Average Shares Outstanding	7.42B	7.33B	7.25B	7.15B	7.03B
Net EPS - Diluted	110.57	109.22	110.6	123.13	128
Diluted EPS - Continuing Operations	110.57	109.22	110.6	123.13	128
Diluted Weighted Average Shares Outstanding	7.42B	7.33B	7.25B	7.15B	7.03B
Normalized Basic EPS	72.61	86.91	85.07	87.67	86.87
Normalized Diluted EPS	72.61	86.91	85.07	87.67	86.87
Dividend Per Share	22	28	32	40	42
Payout Ratio	16.5	23.53	28.12	29.38	31.4
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	736B	864B	871B	867B	891B
EBITA	608B	728B	729B	712B	730B
EBIT	583B	702B	703B	684B	702B
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	12,293B	13,946B	14,030B	14,724B	14,823B
Effective Tax Rate - (Ratio)	23.57	23.69	22.25	19.22	21.84
Total Current Taxes	193B	261B	217B	204B	231B
Total Deferred Taxes	77.62B	1.05B	26.63B	17.82B	31.33B
Normalized Net Income	539B	637B	617B	627B	611B
Interest on Long-Term Debt	12.96B	13.56B	14.95B	17.5B	20.82B
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	612B	606B	600B	550B	594B
Short Term Investments	106B	79.01B	82.24B	82.19B	206B
Trading Asset Securities, Total	7.48B	3.79B	6.38B	5.15B	1.28B
Total Cash And Short Term Investments	725B	689B	689B	637B	801B
Accounts Receivable, Total	2,459B	2,533B	2,831B	2,835B	3,033B
Other Receivables	87.9B	104B	121B	91.56B	86.87B
Notes Receivable	64.74B	65.04B	73.42B	90.79B	101B
Total Receivables	2,612B	2,702B	3,026B	3,018B	3,221B
Inventory	1,077B	1,305B	1,382B	1,482B	1,545B
Other Current Assets, Total	396B	426B	527B	587B	703B
Total Current Assets	4,810B	5,121B	5,624B	5,724B	6,270B
Gross Property Plant And Equipment	3,663B	4,024B	4,463B	4,858B	5,454B
Accumulated Depreciation	-1,727B	-2,026B	-2,353B	-2,627B	-3,037B
Net Property Plant And Equipment	1,936B	1,998B	2,111B	2,231B	2,417B
Long-term Investments	3,247B	3,768B	4,353B	4,717B	5,503B
Goodwill	369B	367B	384B	405B	428B
Other Intangibles, Total	713B	713B	744B	804B	801B
Loans Receivable Long-Term	707B	799B	898B	892B	928B
Deferred Tax Assets Long-Term	54.64B	54.48B	68.53B	69.31B	69.82B
Other Long-Term Assets, Total	317B	290B	308B	292B	317B
Total Assets	12,154B	13,112B	14,490B	15,134B	16,733B
Liabilities
Accounts Payable, Total	1,967B	2,043B	2,343B	2,262B	2,402B
Short-term Borrowings	236B	381B	443B	566B	528B
Current Portion of Long-Term Debt	287B	279B	285B	262B	219B
Current Portion of Leases	236B	238B	224B	235B	242B
Current Income Taxes Payable	74.03B	118B	86.3B	103B	116B
Other Current Liabilities	851B	886B	961B	1,058B	1,257B
Total Current Liabilities	3,651B	3,945B	4,342B	4,487B	4,764B
Long-Term Debt	2,383B	2,347B	2,630B	2,724B	2,926B
Long-Term Leases	775B	766B	814B	836B	843B
Pension & Other Post Retirement Benefits	104B	96.94B	93.47B	91.19B	87.78B
Deferred Tax Liability Non Current	251B	273B	380B	437B	525B
Other Non Current Liabilities	226B	220B	237B	269B	399B
Total Liabilities	7,390B	7,648B	8,498B	8,844B	9,545B
Common Stock, Total	253B	253B	253B	253B	253B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	3,812B	4,427B	5,032B	5,658B	6,270B
Treasury Stock	-241B	-302B	-402B	-560B	-728B
Comprehensive Income and Other	375B	441B	543B	403B	795B
Total Common Equity	4,199B	4,820B	5,427B	5,755B	6,590B
Minority Interest	564B	644B	565B	536B	598B
Total Equity	4,764B	5,464B	5,992B	6,291B	7,188B
Total Liabilities And Equity	12,154B	13,112B	14,490B	15,134B	16,733B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.35B	7.28B	7.19B	7.09B	6.99B
ECS Total Common Shares Outstanding	7.35B	7.28B	7.19B	7.09B	6.99B
Book Value / Share	571.5	662.36	754.35	811.84	942.78
Tangible Book Value	3,118B	3,740B	4,299B	4,546B	5,362B
Tangible Book Value Per Share	424.3	514.03	597.52	641.24	767.04
Total Debt	3,917B	4,011B	4,396B	4,622B	4,758B
Net Debt	3,192B	3,322B	3,707B	3,985B	3,957B
Debt Equivalent of Unfunded Proj. Benefit Obligation	70.28B	66.26B	28.14B	3.04B	-44.97B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	564B	644B	565B	536B	598B
Equity Method Investments, Total	2,289B	2,825B	3,159B	3,561B	4,105B
Account Code - Inventory Valuation	3	8	8	8	8
Inventories - Raw Materials, Total	70.09B	74.59B	83.3B	88.44B	85.12B
Inventories - Work In Process, Total	39.54B	55.49B	54.49B	50.48B	51.25B
Inventories - Finished Goods, Total	968B	1,175B	1,244B	1,343B	1,408B
Land - (BS)	425B	478B	524B	574B	650B
Buildings, Total	1,862B	2,063B	2,310B	2,542B	2,795B
Machinery, Total	1,155B	1,234B	1,339B	1,434B	1,637B
Full Time Employees	115K	111K	114K	115K	115K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	18.97B	19.91B	19.11B	21.24B	21.08B

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	820B	801B	802B	880B	900B
Depreciation & Amortization - CF	356B	360B	368B	392B	400B
Amortization of Goodwill and Intangible Assets - (CF)	25.28B	26.5B	26.15B	27.57B	28.53B
Depreciation & Amortization, Total	382B	387B	394B	420B	428B
Amortization of Deferred Charges, Total - (CF)	22.68B	23.18B	25.98B	30.02B	30.48B
(Gain) Loss From Sale Of Asset	17.6B	50.12B	6.06B	14.79B	12.83B
(Gain) Loss on Sale of Investments - (CF)	-212B	-67.16B	-34.82B	-83.2B	-175B
(Income) Loss On Equity Investments - (CF)	-291B	-321B	-316B	-349B	-324B
Provision and Write-off of Bad Debts	-2.84B	-3.34B	10.01B	12.24B	25.31B
Other Operating Activities, Total	307B	252B	49.39B	262B	325B
Change In Accounts Receivable	-305B	-58.39B	-193B	-626M	-157B
Change In Inventories	-153B	-197B	3.63B	-90.93B	-29.04B
Change In Accounts Payable	314B	50.12B	231B	-97.68B	95.08B
Change in Other Net Operating Assets	-98.11B	22.01B	-	-	-
Cash from Operations	801B	938B	978B	997B	1,132B
Capital Expenditure	-157B	-194B	-203B	-227B	-285B
Sale of Property, Plant, and Equipment	32.26B	28.36B	66.16B	34.83B	24.91B
Cash Acquisitions	-	-26.03B	-36.18B	-110B	-
Divestitures	-30.43B	70.16B	-	-	-
Investment in Marketable and Equity Securities, Total	178B	-312B	-46.32B	-217B	-153B
Net (Increase) Decrease in Loans Originated / Sold - Investing	15.67B	-20.04B	12.88B	3B	24.47B
Cash from Investing	38.64B	-454B	-206B	-516B	-389B
Long-Term Debt Issued, Total	457B	785B	1,419B	1,112B	1,124B
Total Debt Issued	457B	785B	1,419B	1,112B	1,124B
Long-Term Debt Repaid, Total	-1,073B	-1,063B	-1,485B	-1,153B	-1,314B
Total Debt Repaid	-1,073B	-1,063B	-1,485B	-1,153B	-1,314B
Repurchase of Common Stock	-60.04B	-60.18B	-100B	-154B	-170B
Common Dividends Paid	-135B	-188B	-225B	-259B	-283B
Common & Preferred Stock Dividends Paid	-135B	-188B	-225B	-259B	-283B
Other Financing Activities, Total	-34.99B	26.22B	-409B	-71.38B	-83.44B
Cash from Financing	-847B	-500B	-801B	-525B	-726B
Foreign Exchange Rate Adjustments	30.28B	10.12B	23.49B	-6.88B	27.7B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	23.38B	-5.71B	-5.57B	-50.86B	44.19B
Supplemental Items
Cash Interest Paid	29.81B	57.86B	96.12B	103B	102B
Cash Income Tax Paid (Refund)	142B	213B	264B	187B	210B
Levered Free Cash Flow	473B	420B	436B	467B	515B
Unlevered Free Cash Flow	491B	462B	498B	532B	581B
Change In Net Working Capital	120B	193B	159B	118B	31.02B
Net Debt Issued / Repaid	-616B	-278B	-66.38B	-41.15B	-190B

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	3.12	3.47	3.18	2.89	2.75
Return on Total Capital	4.34	4.83	4.42	4.02	3.84
Return On Equity %	20.36	16.52	14.87	15.19	13.91
Return on Common Equity	21.83	17.75	15.64	15.74	14.59
Margin Analysis
Gross Profit Margin %	15.76	15.27	15.91	16.14	16.73
SG&A Margin	10.95	10.18	10.85	11.39	11.89
EBITDA Margin %	5.99	6.19	6.21	5.89	6.01
EBITA Margin %	4.94	5.22	5.2	4.84	4.93
EBIT Margin %	4.74	5.03	5.01	4.65	4.74
Income From Continuing Operations Margin %	7.15	6.06	6.07	6.34	6.32
Net Income Margin %	6.67	5.74	5.71	5.98	6.07
Net Avail. For Common Margin %	6.67	5.74	5.71	5.98	6.07
Normalized Net Income Margin	4.38	4.57	4.4	4.26	4.12
Levered Free Cash Flow Margin	3.84	3.01	3.1	3.17	3.48
Unlevered Free Cash Flow Margin	3.99	3.31	3.55	3.61	3.92
Asset Turnover
Asset Turnover	1.05	1.1	1.02	0.99	0.93
Fixed Assets Turnover	6.34	7.09	6.83	6.78	6.38
Receivables Turnover (Average Receivables)	5.37	5.59	5.23	5.2	5.05
Inventory Turnover (Average Inventory)	10.48	9.92	8.78	8.62	8.15
Short Term Liquidity
Current Ratio	1.32	1.3	1.3	1.28	1.32
Quick Ratio	0.9	0.84	0.84	0.79	0.82
Operating Cash Flow to Current Liabilities	0.22	0.24	0.23	0.22	0.24
Days Sales Outstanding (Average Receivables)	68.02	65.33	69.97	70.23	72.25
Days Outstanding Inventory (Average Inventory)	34.82	36.79	41.68	42.34	44.76
Average Days Payable Outstanding	62.29	60.76	67.59	67.52	68.63
Cash Conversion Cycle (Average Days)	40.54	41.36	44.06	45.05	48.39
Long Term Solvency
Total Debt/Equity	82.22	73.42	73.37	73.47	66.19
Total Debt / Total Capital	45.12	42.34	42.32	42.35	39.83
LT Debt/Equity	66.31	56.98	57.48	56.58	52.43
Long-Term Debt / Total Capital	36.39	32.86	33.15	32.62	31.55
Total Liabilities / Total Assets	60.8	58.33	58.65	58.43	57.04
EBIT / Interest Expense	20.1	10.5	6.98	6.55	6.65
EBITDA / Interest Expense	33.27	16.28	10.9	10.58	10.7
(EBITDA - Capex) / Interest Expense	27.85	13.38	8.89	8.4	8
Total Debt / EBITDA	4.06	3.68	4.01	4.18	4.21
Net Debt / EBITDA	3.31	3.05	3.38	3.61	3.5
Total Debt / (EBITDA - Capex)	4.85	4.48	4.91	5.27	5.63
Net Debt / (EBITDA - Capex)	3.96	3.71	4.14	4.54	4.68
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.63	13.44	0.6	4.95	0.67
Gross Profit, 1 Yr. Growth %	8.78	9.95	4.81	6.45	4.38
EBITDA, 1 Yr. Growth %	31.83	17.29	0.88	-0.46	2.73
EBITA, 1 Yr. Growth %	41.02	19.84	0.09	-2.38	2.58
EBIT, 1 Yr. Growth %	44.4	20.5	0.14	-2.67	2.54
Earnings From Cont. Operations, 1 Yr. Growth %	99.37	-3.9	0.86	9.52	0.48
Net Income, 1 Yr. Growth %	104.34	-2.41	0.16	9.79	2.28
Normalized Net Income, 1 Yr. Growth %	42.98	18.25	-3.18	1.59	-2.51
Diluted EPS Before Extra, 1 Yr. Growth %	104.89	-1.22	1.26	11.33	3.96
Accounts Receivable, 1 Yr. Growth %	15.84	3.02	11.76	0.15	6.97
Inventory, 1 Yr. Growth %	19.86	21.15	5.92	7.25	4.21
Net Property, Plant and Equip., 1 Yr. Growth %	-0.19	3.23	5.61	5.72	8.31
Total Assets, 1 Yr. Growth %	8.72	7.88	10.48	4.45	10.56
Tangible Book Value, 1 Yr. Growth %	42.33	19.97	14.81	5.75	17.95
Common Equity, 1 Yr. Growth %	26.63	14.77	12.52	6.05	14.51
Cash From Operations, 1 Yr. Growth %	-10.57	17.09	4.27	1.96	13.49
Capital Expenditures, 1 Yr. Growth %	-4.78	23.51	4.36	12.3	25.29
Levered Free Cash Flow, 1 Yr. Growth %	15.67	-11.17	3.75	7.08	10.43
Unlevered Free Cash Flow, 1 Yr. Growth %	13.8	-5.93	7.98	6.66	9.29
Dividend Per Share, 1 Yr. Growth %	25	27.27	14.29	25	5
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	5.8	16.01	6.83	2.75	2.79
Gross Profit, 2 Yr. CAGR %	3.8	9.37	7.35	5.63	5.41
EBITDA, 2 Yr. CAGR %	-4.2	24.35	8.78	0.23	1.12
EBITA, 2 Yr. CAGR %	17.8	30	9.52	-1.13	0.07
EBIT, 2 Yr. CAGR %	20.76	31.91	9.85	-1.25	-0.1
Earnings From Cont. Operations, 2 Yr. CAGR %	25.37	38.42	-1.55	5.1	4.9
Net Income, 2 Yr. CAGR %	27.91	41.21	-1.13	4.86	5.97
Normalized Net Income, 2 Yr. CAGR %	24.57	30.03	7	-0.81	-0.48
Diluted EPS Before Extra, 2 Yr. CAGR %	28.35	42.26	0.01	6.18	7.58
Accounts Receivable, 2 Yr. CAGR %	7.86	9.24	7.3	5.8	3.5
Inventory, 2 Yr. CAGR %	6.37	20.5	13.28	6.58	5.72
Net Property, Plant and Equip., 2 Yr. CAGR %	-4.83	1.5	4.41	5.67	7.01
Total Assets, 2 Yr. CAGR %	5.5	8.3	9.19	7.42	7.46
Tangible Book Value, 2 Yr. CAGR %	30.42	30.67	17.42	10.19	11.68
Common Equity, 2 Yr. CAGR %	18.39	20.55	13.68	9.23	10.2
Cash From Operations, 2 Yr. CAGR %	-4.48	2.33	10.49	3.11	7.57
Capital Expenditures, 2 Yr. CAGR %	-11.25	8.45	13.53	8.26	18.62
Levered Free Cash Flow, 2 Yr. CAGR %	-10.04	1.37	-4	5.43	8.74
Unlevered Free Cash Flow, 2 Yr. CAGR %	-11.03	3.47	0.79	7.34	7.97
Dividend Per Share, 2 Yr. CAGR %	13.76	26.13	20.6	19.52	14.56
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.95	8.29	10.63	6.2	2.05
Gross Profit, 3 Yr. CAGR %	7.4	5.81	7.83	7.05	5.21
EBITDA, 3 Yr. CAGR %	13.72	2.49	15.97	5.62	1.05
EBITA, 3 Yr. CAGR %	16.72	18.48	19.15	5.42	0.09
EBIT, 3 Yr. CAGR %	17.2	20.67	20.33	5.52	-0
Earnings From Cont. Operations, 3 Yr. CAGR %	17.22	14.74	24.55	2.01	3.53
Net Income, 3 Yr. CAGR %	17.9	16.88	25.93	2.38	3.99
Normalized Net Income, 3 Yr. CAGR %	25.84	22.43	17.85	5.18	-1.38
Diluted EPS Before Extra, 3 Yr. CAGR %	19.49	17.62	27.02	3.65	5.43
Accounts Receivable, 3 Yr. CAGR %	0.85	6.22	10.07	4.86	6.18
Inventory, 3 Yr. CAGR %	4.75	11.08	15.43	11.23	5.79
Net Property, Plant and Equip., 3 Yr. CAGR %	21.56	-2.22	2.85	4.85	6.54
Total Assets, 3 Yr. CAGR %	6.37	6.29	9.03	7.58	8.46
Tangible Book Value, 3 Yr. CAGR %	19.89	26.84	25.2	13.39	12.72
Common Equity, 3 Yr. CAGR %	12.66	17.17	17.84	11.08	10.96
Cash From Operations, 3 Yr. CAGR %	18.91	2.22	2.97	7.57	6.46
Capital Expenditures, 3 Yr. CAGR %	11.43	-0.92	7.07	13.12	13.66
Levered Free Cash Flow, 3 Yr. CAGR %	84.18	-10.42	2.15	-0.42	7.07
Unlevered Free Cash Flow, 3 Yr. CAGR %	64.8	-9.36	4.95	2.72	7.99
Dividend Per Share, 3 Yr. CAGR %	9.84	18.1	22.05	22.05	14.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	20.5	20.41	3.88	6.04	7.42
Gross Profit, 5 Yr. CAGR %	12.12	11.97	7.38	5.74	6.85
EBITDA, 5 Yr. CAGR %	13.89	15.54	11.72	1.58	9.8
EBITA, 5 Yr. CAGR %	15.26	17.36	13.78	10.21	11.13
EBIT, 5 Yr. CAGR %	15.1	17.24	14.2	11.37	11.71
Earnings From Cont. Operations, 5 Yr. CAGR %	18.6	14.37	9.32	10.78	16.29
Net Income, 5 Yr. CAGR %	18.42	14.87	9.88	11.92	17.53
Normalized Net Income, 5 Yr. CAGR %	13.95	14.84	17.94	12.54	10.15
Diluted EPS Before Extra, 5 Yr. CAGR %	19.84	16.19	11.28	12.9	18.86
Accounts Receivable, 5 Yr. CAGR %	4.76	3.02	3.38	6.05	7.4
Inventory, 5 Yr. CAGR %	6.8	8.44	8.08	9.26	11.44
Net Property, Plant and Equip., 5 Yr. CAGR %	23.26	19.7	14.38	0.86	4.5
Total Assets, 5 Yr. CAGR %	8.39	8.64	7.49	6.75	8.4
Tangible Book Value, 5 Yr. CAGR %	8.93	10.15	18.9	19.92	19.61
Common Equity, 5 Yr. CAGR %	11.82	12.54	13.07	13.95	14.72
Cash From Operations, 5 Yr. CAGR %	15.5	19.3	15.47	2.58	4.79
Capital Expenditures, 5 Yr. CAGR %	11.96	12.47	12.27	2.66	11.55
Levered Free Cash Flow, 5 Yr. CAGR %	18.2	26.09	41.92	-4.39	4.75
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.01	23.97	35.37	-3.02	6.16
Dividend Per Share, 5 Yr. CAGR %	14.87	14.87	14.03	18.66	19