Itochu: Focus On IR Day And Capital Returns

ITOCHU Corporation remains a 'Buy' as I see strong catalysts from portfolio restructuring initiatives and enhanced cash distributions. Management targets 15.1% normalized bottom-line growth for FY2026 and aims for a sustained mid-teens ROE, supported by active asset replacement and data monetization. ITOCY's record ¥0.3 trillion buyback guidance and formalized progressive dividend policy drive an expected mid-single-digit shareholder yield for FY26.

I'm still rating ITOCHU Corporation ( ITOCY ) ( ITOCF ) as "Buy." My bullishness on the stock is reinforced by positives relating to its Investor Day commentary and shareholder return outlook.