ITOCHU Management
Management criteria checks 3/4
ITOCHU's CEO is Masahiro Okafuji, appointed in Apr 2010, has a tenure of 16.17 years. directly owns 0.04% of the company’s shares, worth ¥5.24B. The average tenure of the management team and the board of directors is 3.4 years and 6.1 years respectively.
Key information
Masahiro Okafuji
Chief executive officer
n/a
Total compensation
| CEO salary percentage | n/a |
| CEO tenure | 16.2yrs |
| CEO ownership | 0.04% |
| Management average tenure | 3.4yrs |
| Board average tenure | 6.1yrs |
Recent management updates
Recent updates
Narrative Update • Jun 04
8001: Battery Materials And E Waste Expansion Will Support Future Re Rating
Analysts have slightly trimmed their fair value estimate for ITOCHU to around ¥2,458. This reflects small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions in their updated models.Narrative Update • May 20
8001: Capital Returns And E Waste Expansion Will Support Future Re Rating
The analyst price target for ITOCHU has shifted modestly higher from ¥2,452.31 to ¥2,476.92, as analysts factor in updated assumptions for revenue growth, profit margin and future P/E, which slightly adjust their view of the stock’s risk and earnings profile. What's in the News Nissin Foods entered into a Master Raw Materials and Products Procurement Agreement with ITOCHU for 2026 to 2028, covering wheat flour and a range of food products supplied on normal commercial terms with market benchmarking for pricing transparency (Key Developments).Narrative Update • Apr 26
8001: Capital Returns And E Waste Venture Will Support Future Re Rating
Analysts have adjusted their fair value estimate for ITOCHU slightly higher from ¥2,429.23 to ¥2,452.31, citing small updates to discount rate assumptions, profit margin forecasts, and the projected future P/E multiple. What's in the News A board meeting is scheduled for April 15, 2026 to consider changes in Audit & Supervisory Board members, indicating upcoming adjustments in governance roles (Key Developments).Narrative Update • Apr 09
8001: Capital Returns And E Waste Venture Will Support Future Re Rating
Analysts have slightly raised their price target on ITOCHU, with fair value moving from ¥2,421.54 to ¥2,429.23, as small adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions feed through their models. What's in the News Board meetings are scheduled for February 25 and March 26, 2026, to review and express support for a Tender Offer, including recommendations that shareholders tender Target Company shares and consideration of a capital and business alliance agreement with the Target Company (Key Developments).Narrative Update • Mar 26
8001: Clear Capital Policy And Growth Roadmap Will Support Future Re Rating
Analysts have lifted their price target on ITOCHU to ¥2,422 from ¥2,300, citing updated assumptions that include a slightly higher future P/E and profit margin, along with a fresh Buy initiation and ¥2,500 target from recent Street research that highlights the company’s clear growth strategy and capital policy. Analyst Commentary Bullish Takeaways Bullish analysts point to the clear growth strategy and capital policy as key reasons why ITOCHU screens well on execution quality.Narrative Update • Mar 08
8001: Clear Capital Policies And Growth Roadmap Will Support Balanced Long Term Outlook
Narrative Update on ITOCHU The analyst price target for ITOCHU has been raised from ¥2,246 to ¥2,300. Analysts point to clearer growth plans and capital policies, along with updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E.
New Narrative • Feb 27
Non Resource Consumer Dependence And Execution Risks Will Challenge Long Term Earnings Stability
Catalysts About ITOCHU ITOCHU is a Japanese trading group that focuses on non resource consumer related businesses alongside resource operations. What are the underlying business or industry changes driving this perspective?Narrative Update • Feb 22
8001: Clear Growth Roadmap And Capital Policy Will Support Balanced Long Term Outlook
Analysts have raised the fair value estimate for ITOCHU to ¥2,246 from ¥2,230, citing recent coverage that highlights the company's clearly defined growth plans and capital policy as key supports for a Street price target of ¥2,500. Analyst Commentary Bullish Takeaways Bullish analysts point to the ¥2,500 price target as support for the higher fair value estimate, arguing that clearly articulated growth plans justify some valuation premium within Japan's trading company group.Narrative Update • Feb 08
8001: Clear Growth Roadmap And Capital Policy Will Guide Long Term Outlook
Analysts have modestly raised their price target for ITOCHU to ¥2,230.67 from ¥2,168.33, citing updated assumptions around revenue, profitability, discount rates and future P/E multiples that align with recent positive Street views on the company's growth plans and capital policies. Analyst Commentary Bullish Takeaways Bullish analysts point to the new ¥2,500 price target as support for the view that ITOCHU's current valuation still leaves room for upside if the company follows through on its growth plans and capital policies.Narrative Update • Jan 24
8001: Clear Growth Plans And Capital Policy Will Shape Long Term Outlook
Analysts have lifted their fair value estimate for ITOCHU from ¥2,130 to about ¥2,168 per share, citing more detailed expectations related to long term growth, profitability, and P/E assumptions. These expectations are supported by recent research that outlines clear growth plans and capital policies.Analysis Article • Jan 21
These 4 Measures Indicate That ITOCHU (TSE:8001) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Jan 09
8001: Clear Growth Plans And Capital Policy Will Support Balanced Long Term Outlook
Analysts have trimmed their fair value estimate for ITOCHU from ¥10,175.45 to ¥2,130.33, citing recent Street research that highlights a ¥2,500 price target and an emphasis on the company's clear growth strategy and capital policy among Japan's trading companies. Analyst Commentary Recent Street research coverage provides a clearer view of how analysts are thinking about ITOCHU's long term potential and the risks that could affect the current fair value assumptions.Analysis Article • Dec 28
ITOCHU (TSE:8001) Has Announced That It Will Be Increasing Its Dividend To ¥110.00
ITOCHU Corporation's ( TSE:8001 ) dividend will be increasing from last year's payment of the same period to ¥110.00 on...Narrative Update • Dec 15
8001: Uranium Expansion And Buybacks Will Support Stable Long Term Outlook
Narrative Update on Analyst Price Target Analysts have raised their price target on ITOCHU from ¥9,770 to approximately ¥10,175. They cite slightly lower discount rate assumptions, modestly stronger profit margin expectations, and a somewhat higher projected future P/E multiple, which together offset a marginal reduction in long term revenue growth forecasts.Narrative Update • Dec 01
8001: Uranium Project Expansion and Share Buybacks Will Support Steady Outlook
Analysts have raised their price target for ITOCHU from ¥9,735 to ¥9,770, reflecting minor adjustments in growth expectations and valuation metrics. What's in the News ITOCHU, together with Navoiyuran (Uzbekistan) and Orano (France), has expanded its joint venture "Nurlikum Mining" to focus on the industrial development of the "South Djengeldi" uranium deposit in Uzbekistan.Narrative Update • Nov 17
8001: Stable Development and Share Buybacks Will Support Balanced Outlook
Analysts have modestly increased their price target for ITOCHU, raising the estimated fair value from ¥9,696 to ¥9,735. This adjustment is attributed to improved revenue growth projections and a slightly lower discount rate.Analysis Article • Nov 13
We Think You Should Be Aware Of Some Concerning Factors In ITOCHU's (TSE:8001) Earnings
Following the solid earnings report from ITOCHU Corporation ( TSE:8001 ), the market responded by bidding up the stock...Narrative Update • Nov 02
8001: Continued Resource Development And Clean Energy Initiatives Will Sustain Balanced Outlook
Analyst Price Target Update for ITOCHU Analysts have maintained their fair value estimate for ITOCHU at ¥9,696. They cite a stable discount rate and future profit expectations as key factors supporting their unchanged outlook.Analysis Article • Oct 28
ITOCHU Corporation (TSE:8001) Shares Could Be 28% Above Their Intrinsic Value Estimate
Key Insights The projected fair value for ITOCHU is JP¥7,006 based on 2 Stage Free Cash Flow to Equity ITOCHU is...Narrative Update • Oct 18
Sustainability And Digitalization Will Build Resilient Operations
Narrative Update on ITOCHU: Analyst Price Target Revision Analysts have maintained their fair value estimate for ITOCHU at ¥9,696, with only minimal adjustments to underlying assumptions. They cite steady company fundamentals and sustained profit margins as key factors.Narrative Update • Oct 04
Sustainability And Digitalization Will Build Resilient Operations
Analysts have raised their price target for ITOCHU from ¥9,464 to ¥9,696. They cite modest improvements in revenue growth projections and a slight decrease in the discount rate as key factors supporting their updated outlook.Analysis Article • Sep 24
If EPS Growth Is Important To You, ITOCHU (TSE:8001) Presents An Opportunity
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Sep 19
Sustainability And Digitalization Will Build Resilient Operations
The consensus analyst price target for ITOCHU has increased to ¥9464, primarily reflecting a modest rise in the expected future P/E multiple while revenue growth forecasts remained stable. What's in the News ITOCHU has entered into a Joint Development Agreement with L&T Energy Green Tech Limited to develop and commercialise a 300 KTPA green ammonia project in Gujarat, with plans to offtake ammonia for bunkering in Singapore, supporting both companies' sustainability efforts.Narrative Update • Sep 04
Sustainability And Digitalization Will Build Resilient Operations
With both the consensus future P/E and discount rate holding steady, analysts have made only a marginal upward adjustment in ITOCHU's fair value, increasing the price target from ¥8,977 to ¥9,037. What's in the News ITOCHU has entered a Joint Development Agreement with L&T Energy Green Tech Limited to develop and commercialise a 300 KTPA green ammonia project in Gujarat, supporting clean energy for maritime applications and low-carbon ammonia as marine fuel.Analysis Article • Jul 14
Estimating The Intrinsic Value Of ITOCHU Corporation (TSE:8001)
Key Insights The projected fair value for ITOCHU is JP¥6,916 based on 2 Stage Free Cash Flow to Equity With JP¥7,709...Analysis Article • Jun 29
Some Confidence Is Lacking In ITOCHU Corporation's (TSE:8001) P/E
With a median price-to-earnings (or "P/E") ratio of close to 13x in Japan, you could be forgiven for feeling...
New Narrative • Nov 24
Decisive Growth In Textiles And Investments Propel Revenue And Enhance Shareholder Value
Strategic growth in textiles and food sectors is expected to enhance revenue and profitability despite market fluctuations.CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | JP¥900b |
| Dec 31 2025 | n/a | n/a | JP¥909b |
| Sep 30 2025 | n/a | n/a | JP¥942b |
| Jun 30 2025 | n/a | n/a | JP¥958b |
| Mar 31 2025 | n/a | n/a | JP¥880b |
| Dec 31 2024 | n/a | n/a | JP¥867b |
| Sep 30 2024 | n/a | n/a | JP¥827b |
| Jun 30 2024 | n/a | n/a | JP¥795b |
| Mar 31 2024 | n/a | n/a | JP¥802b |
| Dec 31 2023 | n/a | n/a | JP¥730b |
| Sep 30 2023 | n/a | n/a | JP¥730b |
| Jun 30 2023 | n/a | n/a | JP¥783b |
| Mar 31 2023 | n/a | n/a | JP¥801b |
| Dec 31 2022 | n/a | n/a | JP¥824b |
| Sep 30 2022 | n/a | n/a | JP¥803b |
| Jun 30 2022 | n/a | n/a | JP¥783b |
| Mar 31 2022 | n/a | n/a | JP¥820b |
| Dec 31 2021 | n/a | n/a | JP¥716b |
| Sep 30 2021 | n/a | n/a | JP¥650b |
| Jun 30 2021 | n/a | n/a | JP¥564b |
| Mar 31 2021 | JP¥649m | JP¥165m | JP¥401b |
| Dec 31 2020 | n/a | n/a | JP¥439b |
| Sep 30 2020 | n/a | n/a | JP¥465b |
| Jun 30 2020 | n/a | n/a | JP¥459b |
| Mar 31 2020 | JP¥633m | JP¥153m | JP¥501b |
Compensation vs Market: Insufficient data to establish whether Masahiro's total compensation is reasonable compared to companies of similar size in the JP market.
Compensation vs Earnings: Masahiro's compensation has been consistent with company performance over the past year.
CEO
Masahiro Okafuji (77 yo)
16.2yrs
Tenure
JP¥649,000,000
Compensation
Mr. Masahiro Okafuji has been the Chief Executive Officer of Itochu Corporation since April 1, 2010 and its Chairman since April 1, 2018 and was its Executive Officer since June 2002. Mr. Okafuji was the P...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 16.2yrs | JP¥649.00m | 0.040% ¥ 5.4b | |
| President | 5.2yrs | no data | 0.020% ¥ 2.7b | |
| Senior Executive Officer | less than a year | no data | 0.0046% ¥ 619.8m | |
| Senior Operating Officer & GM of General Accounting Control Division | 3.2yrs | no data | no data | |
| Chief Digital & Information Officer and Managing Executive Officer | 3.4yrs | no data | no data | |
| Senior Executive Officer & Chief Administrative Officer | less than a year | no data | no data | |
| General Manager of Investor Relations Division | no data | no data | no data | |
| Senior Operating Officer & General Manager of Legal Division | no data | no data | no data | |
| Managing Executive Officer & GM of Corporate Communication Division | no data | no data | no data | |
| Executive Officer & GM of General Affairs Dept | no data | no data | no data | |
| Chief Operating Officer of Apparel Division - Textile Company | no data | no data | no data | |
| President of Machinery Company | 10.2yrs | no data | 0.011% ¥ 1.4b |
3.4yrs
Average Tenure
66yo
Average Age
Experienced Management: 8001's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 16.2yrs | JP¥649.00m | 0.040% ¥ 5.4b | |
| President | 5yrs | no data | 0.020% ¥ 2.7b | |
| Senior Executive Officer | 4yrs | no data | 0.0046% ¥ 619.8m | |
| President of Machinery Company | 4yrs | no data | 0.011% ¥ 1.4b | |
| Director Emeritus | 6.2yrs | JP¥193.00m | no data | |
| Independent Outside Director | 5yrs | no data | 0.00036% ¥ 48.0m | |
| Independent Outside Director | 7yrs | no data | 0.00093% ¥ 124.0m | |
| Outside Audit & Supervisory Board Member | 11yrs | no data | 0.00064% ¥ 85.3m | |
| Full-Time Audit & Supervisory Board Member | 6yrs | no data | 0.0022% ¥ 286.6m | |
| Independent Outside Director | 8yrs | no data | 0.00093% ¥ 124.0m | |
| Chairman of Dateng Logistics (Shanghai) Co. Ltd & Deputy Director of General Products | 6.3yrs | no data | no data | |
| Independent Outside Director | 3yrs | no data | 0.000070% ¥ 9.3m |
6.1yrs
Average Tenure
66yo
Average Age
Experienced Board: 8001's board of directors are considered experienced (6.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/16 13:58 |
| End of Day Share Price | 2026/06/16 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
ITOCHU Corporation is covered by 27 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kazuhisa Mori | Barclays |
| Takashi Enomoto | BofA Global Research |
| Chika Fukumoto | Citigroup Inc |