TOKYO ― Japanese trading house Itochu on Wednesday posted 438.4 billion yen ($2.9 billion) in net profit for the six months to end-September, up 6 percent from a year earlier, on non-resource items, including food and the FamilyMart convenience store chain.
Itochu kept its net profit forecast for the fiscal year unchanged at 880 billion yen, of which 24 percent or 213 billion yen is projected from food, textiles and the 8th division to where FamilyMart belongs, overtaking the profit's largest contributor, the metals and minerals division with a 200 billion yen forecast.
