Itochu shares closed at 2,004 yen on the Tokyo Stock Exchange on August 20, 2026, up 27 yen from the previous day, rebounding on a report that the company will enter the data center development business. The company announced its first-quarter results for the fiscal year ending March 2027 on August 3, with revenue up 8.9 percent year on year to 3.875861 trillion yen and net profit up 3.5 percent to 293.763 billion yen, while pretax quarterly profit fell 1.3 percent to 369.999 billion yen due to a decline in securities gains and losses. At the same time, it resolved to buy back up to 300 billion yen of its own shares, of which 150 billion yen will be carried out through a discounted tender offer targeting four non-life insurers. The tender offer price is 1,813 yen per share, a 10 percent discount from the July 31 closing price.
Itochu CorporationReport of entering data center business and share buyback boost sentiment.
