Appendix Brand new Deal 2017

Transcription

1 Appendix 9

2 FY217 Summary of changes () (Unit : billion yen) Progress Gross trading profit (3.6) % Equity in earnings of associates and Increase due to lower expenses, higher joint ventures equity in earnings of associates and joint ventures, and lower tax expenses, % Mar. 217 Sep. 217 despite the unfavorable sales in apparelrelated companies Total assets Profits/Losses from Major Group Companies FY217 FY217 Annual JOIʼX CORPORATION (.1) SANKEI COMPANY LIMITED ITOCHU Textile Prominent (ASIA) Ltd..2 (.2).8.9 ITOCHU TEXTILE (CHINA) CO., LTD FY Q 2Q 3Q 4Q 3-4Q 1

3 FY217 Summary of changes () (Unit : billion yen) Progress Gross trading profit Increase due to the favorable performance in % Equity in earnings of associates and aircraft-related and plant-related companies, joint ventures and the absence of deterioration in profitability in ship-related business affected by stagnant market % Mar. 217 Sep. 217 conditions in the same period of the previous fiscal year, despite the absence of the gain on sales of a medical-device-related company in the same Total assets , period of the previous fiscal year FY217 1Q 2Q 3Q 4Q 3-4Q Profits/Losses from Major Group Companies FY217 FY217 Annual Tokyo Century Corporation * I-Power Investment Inc IMECS Co., LTD JAMCO Corporation (.3) * JAPAN AEROSPACE CORPORATION YANASE & CO., LTD SUNCALL CORPORATION * Auto Investment Inc I.C. Autohandles Beteiligungen GmbH Other overseas automobile dealer businesses ITOCHU CONSTRUCTION MACHINERY CO., LTD ITOCHU MACHINE-TECHNOS CORP ITOCHU SysTech Corporation (.2) (.1).4.4 Century Medical, Inc **** The figure is the companyʼs forecasts multiplied by ITOCHU shares, excluding IFRS adjustment. 11

4 FY217 Summary of changes () (Unit : billion yen) Progress Gross trading profit % Equity in earnings of associates and joint ventures Increase due to the higher iron ore and coal prices, the higher sales volume in % iron ore-related business, and dividends Mar. 217 Sep. 217 from coal-related investments Total assets Profits/Losses from Major Group Companies FY217 FY217 Annual ITOCHU Minerals & Energy of Australia Pty Ltd Iron ore * 4 Coal * Brazil Japan Iron Ore Corporation ITOCHU Coal Americas Inc. (.1) (.1) (2.9) * (1.2) 1.6 (2.6) * Marubeni-Itochu Steel Inc. ITOCHU Metals Corporation * * Due to the relationship with investees and partners, forecast is not presented. 8.4 FY217 1Q 2Q 3Q 4Q 3-4Q 12

5 FY217 Gross trading profit % Energy (2.1) % Chemicals Increase due to the favorable performance in plastic-related companies and the gain 15. 5% Equity in earnings of associates and (.6) accompanying the merger of C. I. Kasei and joint ventures Takiron, despite the absence of extraordinary gains % in the same period of the previous fiscal year Energy % Chemicals % Mar. 217 Sep. 217 Total assets 1, , Energy (1.3) Chemicals Summary of changes () (Unit : billion yen) Progress FY217 1Q 2Q 3Q 4Q 3-4Q Profits/Losses from Major Group Companies FY217 FY217 Annual ITOCHU Oil Exploration (Azerbaijan) Inc..3 (.2).7.9 ITOCHU PETROLEUM CO., (SINGAPORE) PTE. LTD..8 (.7) ITOCHU ENEX CO., LTD * Dividends from LNG Projects ITOCHU CHEMICAL FRONTIER Corporation ITOCHU PLASTICS INC C. I. TAKIRON Corporation** * *** The figure is the companyʼs forecasts multiplied by ITOCHU shares, excluding IFRS adjustment. ** Takiron Co.,Ltd. and C. I. Kasei Company, Limited merged and formed C. I. TAKIRON Corporation on April 1, 217. Therefore the figures of C. I. TAKIRON Corporation for the previous year presented above shows the aggregate amounts of both companies. 13

6 FY217 Full 1Q 2Q 3Q 4Q 1Q 2Q Year Oil & Gas 33 (1,BBL/day*) (a) (b) ** Natural Gas converted to crude oil is equivalent to 6,cf =1BBL (b)-(a) 31 Iron ore(million t) IMEA BJIOC (CM) (.2) 2.5 Coal(million t) (.) 11.4 IMEA (.1) 5. ICA (Drummond) Reference IMEA Profit IMEA (billion yen) Iron ore N.A. Coal (.1).1. (.8) N.A. IMEA : ITOCHU Minerals & Energy of Australia Pty Ltd BJIOC : Brazil Japan Iron Ore Corporation CM : CSN Mineracao S.A. ICA : ITOCHU Coal Americas Inc. 14

7 (Unit : billion yen) FY217 Summary of changes () Progress Gross trading profit Increase due to the higher transaction volume with % FamilyMart UNY Holdings in fresh-food-related and Equity in earnings of associates and provisions-related transactions, the higher equity in joint ventures earnings of associates and joint ventures % accompanying the merger of FamilyMart and UNY Mar. 217 Sep. 217 Holdings, and the extraordinary gain accompanying the partial sales of a Chinese fresh-food-related Total assets 1, , company, despite the absence of extraordinary gains in the same period of the previous fiscal year Profits/Losses from Major Group Companies FamilyMart UNY Holdings Co., Ltd. FY217 FY217 Annual * Dole International Holdings, Inc NIPPON ACCESS, INC FY FUJI OIL HOLDINGS INC * Prima Meat Packers, Ltd * ITOCHU-SHOKUHIN Co.,Ltd * HYLIFE GROUP HOLDINGS LTD ** ***** The figure is the companyʼs forecasts multiplied by ITOCHU shares, excluding IFRS adjustment. ***** Due to the relationship with investees and partners, forecast is not presented. 1Q 2Q 3Q 4Q 3-4Q 15

8 FY217 Gross trading profit % Forest Products & General Merchandise Increase due to the higher transaction volume in % Construction, Realty & Logistics (2.) natural-rubber-related, North American facility-materials-related, and European % Equity in earnings of associates and tire-related companies, the stable performance in joint ventures foreign pulp-related companies, and extraordinary % gains relating to pulp-related and Forest Products & General Merchandise asset-management-related companies % Construction, Realty & Logistics (.1) % Mar. 217 Sep. 217 Total assets Forest Products & General Merchandise Construction, Realty & Logistics Summary of changes () (Unit : billion yen) Progress Profits/Losses from Major Group Companies 47. FY217 FY217 Annual 18.5 European Tyre Enterprise Limited (5.2) 5.2 ITOCHU FIBRE LIMITED * Japan Brazil Paper & Pulp Resources Development Co., Ltd * ITOCHU KENZAI CORPORATION ITOCHU PROPERTY DEVELOPMENT, LTD ITOCHU LOGISTICS CORP FY217 * Due to the relationship with investees and partners, forecast is not presented. 1Q 2Q 3Q 4Q 3-4Q 16

9 FY217 Gross trading profit % ICT % Financial & Insurance Business (.4) Increase due to the higher transaction volume in domestic ICT-related companies, the stable % Equity in earnings of associates and performance in mobile-phone-related and joint ventures CRO-business-related companies, and % the recovery of foreign finance-related companies ICT % Financial & Insurance Business % Mar. 217 Sep. 217 Total assets (22.3) ICT (3.) Financial & Insurance Business Summary of changes () (Unit : billion yen) Progress FY217 Profits/Losses from Major Group Companies ITOCHU Techno-Solutions Corporation FY217 FY217 Annual * CONEXIO Corporation * BELLSYSTEM24 Holdings, Inc * Orient Corporation ITOCHU Fuji Partners, Inc * * The figure is the companyʼs forecasts multiplied by ITOCHU shares, excluding IFRS adjustment. ** ITOCHU recognizes the equity in earnings calculated by multiplying the figures after IFRS ** adjustments by Shares. Not announced the figure since a discrepancy may occur between the ** forecast announced by the company and that of ITOCHU. ** 1Q 2Q 3Q 4Q 3-4Q 17

10 FY217 Gross trading profit (5.2) 1. Equity in earnings of associates and (1.) joint ventures due to the lower equity in earnings (7.5) of C.P. Pokphand, despite the higher equity in 45. Mar. 217 Sep. 217 earnings of CITIC Limited Total assets 1,28. 1,212.2 (67.7) Summary of changes () (Unit : billion yen) Profits/Losses from Major Group Companies FY217 FY217 Annual Orchid Alliance Holdings Limited * C.P. Pokphand Co. Ltd. 3.2 (1.3) 4.9 ** 45. ** Figures are CITIC related profit which includes related tax effects etc. 2.7 ** is not disclosed by the company therefore the forecast above is not presented (5.1) 15. (2) FY217 1Q 2Q 3Q 4Q 3-4Q 18

11 (Unit : billion yen) FY217 Major New Investments [] Major New Investments Consumerrelated Sector FamilyMart UNY Holdings FamilyMart UNY Holdings additional investment additional investment Metsa Fibre capital increase and Loan Consumerrelated FUJI OIL HOLDINGS additional investment etc. Sector etc. Basic Industryrelated Sector Germany Offshore Wind Power Generation Projects (Butendiek) 115. etc. 6. Basic Industryrelated Sector US Gas-Fired Thermal Power Generation Project (Empire) Acquisition of YANASE etc. Non-Resource Non-Resource 125. Resourcerelated Sector IMEA expansion ACG capital expenditure etc. Resourcerelated Sector IMEA capital expenditure ACG capital expenditure etc. Resource Resource 2. Total of Major New Investments Total of Major New Investments 145. EXIT (95.) (5.) EXIT (4.) Net Investment Amount Net Investment Amount 15. Note1 : The above figures are approximate. Note2 : Net Investment Amount Payments and collections for substantive investment and capital expenditure. Investment Cash Flows plus Equity transactions with non-controlling interests minus increase/decrease of loan receivables, etc. 19

12 (Unit : billion yen) 5 FY216 FY image 2 1 : 17. : st Half: 21. Core FCF targets over 1.+α (1) (2) (3) (Note.1) (Note.2) Core Operating CF Net Investment CF Core FCF FY216 FY217 image Cash flows from operating activities a (Note 1) Core operating cash flows approx.4. b (Note 2) Net investment cash flows 35. (12.) (15.) a+b Core free cash flows approx. 41. approx. 3. approx. 15. Over 1.+α (Note 3) Annual Annual Interim Annual 64/share Shareholder Dividend 5/share (79.1) 55/share (86.6) 32/share (49.7) Minimum Dividend returns Share buy back (16.2) (27.9) Note 1: Operating Cash Flows minus increase/decrease of working capital Note 2: Payments and collections for substantive investment and capital expenditure. Investment Cash Flows plus Equity transactions with non-controlling interests minus increase/decrease of loan receivables, etc. Exclude investment into CITIC Limited Note 3: FY216/FY217:The sum of the interim dividend and the year-end dividend each year. :The interim dividend only. 2

13 (Unit : billion yen) Trading income (after tax) Equity in earnings of associates and joint ventures Other (after tax) (.5) (.4) (.9) (6.9) (5.8) (1.8) FY217 FY217 FY217 FY217 FY217 FY217 FY217 FY217 Textile Machinery Metals & Minerals Energy & Chemicals Food General Products & Realty ICT & Financial Business Others 21

14 (Unit : billion yen) FY217 Gain related to partial sales of a Chinese fresh-food-related company: Merger of FamilyMart and UNY Holdings: approx. 18. (Food) Gains related to investments 28. approx. 17. (Food) Gain on sales of a medical-device-related 24. Merger of Takiron and C. I. Kasei: approx. 3. (Energy & Chemicals) company: approx. 2.5 (Machinery) Gain on sales of an asset-management -related company:approx. 2. (General Products & Realty) Gain on investments in related companies Equity in earnings related to associates and joint ventures, Others 3. Gain on disposal of the interest in certain real estate projects in CITIC Limited: approx. 7. (Others, Adjustments & Eliminations) 18. in CITIC Limited: approx. 8. (Others, Adjustments & Eliminations) in tax expenses relating to pulp-related companies: approx. 5.5 (General Products & Realty) Total Non-Resource Resource (2.5).5 Others (1.) (4.) 22

15 Dividend Policy remains unchanged from Brand-new Deal 217 dividend policy, as below. For, with the intention of increasing shareholder returns, based on the high probability of achievement of business plan and expected cash flow, we guarantee a minimum dividend per share of 64, our record high dividend. Dividend Policy remains unchanged from Brand-new Deal 217 dividend policy(*), and we will continue to make our best efforts to share the growth and generated profit with our shareholders and to increase shareholder returns. (*)Brand-new Deal 217 dividend policy Payout ratio of 2% for up to 2. billion and approx. 3% on the portion of exceeding 2. billion. Dividend per share(yen) (billion yen) (Minimum Dividend) FY21 FY211 FY212 FY213 FY214 FY215 FY216 FY217 (Plan) U.S. GAAP IFRS 23

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