ITOCHU Corporation

ITOCY

Conglomerates · Industrials

Price

$11.98

+0.09 (+0.76%)

Market Cap

$84.83B

Exchange

Other OTC

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Jul 25, 2026 · filings through Mar 31, 2026

Share count falling — buybacks

−52.6% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 14.84B (2022) → 7.03B (2026)

ITOCHU Corporation is one of Japan's largest trading companies, known as a "sogo shosha." It buys and sells goods across many industries — including food, clothing, machinery, energy, and chemicals — connecting suppliers and buyers around the world. ITOCHU is especially strong in consumer goods and food, and it owns a major stake in FamilyMart, one of Japan's biggest convenience store chains.

ITOCHU makes money by taking a cut on trades, earning dividends from companies it invests in, and collecting profits from businesses it partly or fully owns. It operates globally, with significant activity across Asia, the Americas, and Europe, generating roughly $60–70 billion in annual revenue. Its wide network of business relationships and diversified holdings across dozens of industries give it resilience, but its heavy exposure to commodity prices and global trade flows means economic slowdowns or supply chain disruptions can quickly hurt profits. Growth depends largely on expanding its consumer and Asian market businesses.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.0% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+100.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

2.5%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$7.1T cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

ITOCHU Corporation is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

17.1%

Thin — 17.1% gross margin

Operating Margin

4.6%

Thin — 4.6% operating margin

ROCE

1.7%

Weak — 1.7% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY

+2.0%

Nearly flat sales (2.0% YoY)

EPS YoY

+53.7%

Earnings growing fast (53.7% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion

125%

Turns 125% of profit into real cash

FCF Margin

5.9%

Thin free cash flow (5.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity

0.56

Conservative — low debt load (0.56)

Interest Cover

8.71x

Comfortably covers interest (8.7x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)

0.1x

Attractive valuation — P/E 0.1

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

+0.1

GROWING

Earnings roughly flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield

2.15%

Moderate income — 2.15% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth

-38.8%

Dividend cut (-38.8% YoY) — warning sign

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial