ITOCHU Corp
8001: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|#! | LOCK|@W%Vw | LOCK|hcp%^<S^ |
Itochu Earnings: Strong Core Growth From Downstream and Resources Turnaround; Still Underappreciated
Itochu's first quarter fiscal 2026 (ending March 2027) net income was JPY 293.7 billion, up 4% year-over-year, on 9% higher revenue. Core profit rose 38%, from resources, Descente, and Hitachi Construction Machinery. Itochu acquired 50% of aircraft leasing firm ACG for $1.95 billion.
