10K Report
Company: ITOCHU Corporation
ID Number: 12411162
Introduction:
Itochu Corporation is a Japanese corporation and is the third largest trading company in the world after Mitsubishi Corporation and Mitsui CO, ltd respectively. The company’s headquarters is based in Kita-ku Osaka Japan and also in Minato Tokyo Japan. The CEO and at the same time the president of ITOCHU Corporation is Masahiro Okajufi who has hold the position since April 1, 2010. The main geographic area of activity is very broad compared with other usual companies since ITOCHU is a general trading company. As Itochu is involved in a wide range of products and material, they serve in almost all parts of the globe. However, the main activity regions include Japan, Asia-Pacific, North America. Having compared with other leading Japanese trading superpowers, it becomes easy to notice that Itochu corporation is unique by its focus on textiles business and by the strength of its operations in China. It consists of six major business divisions which include in textiles, metals/minerals, food, machinery, energy/chemicals and ICT/general products/real estate. The independent Auditor company of Itochu is a famous accounting firm Deloitte Touche Tohmatsu LLC. Specifically, the people who were appointed to audit Itochu consists of 5 Certfied Public Accountants of Deloitte Touche Company. They were Shigeo Hasegawa, Koichi Okubo, Yasuhiro Katsushima, Haruko Nagayama. Audit process of its financial statement has completed with unqualified opinion. Consolidated financial statement which consists of consolidated balance sheets, statement of incomes, change in equity, and cash flows has been audited in accordance with the ...
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...fy a position as the No.1 trading company in non-resource sector. For this to be done, he says they will strengthen their consumer-related businesses as their money-maker. Particularly, in the Textile, Food, and Forest Products & General Merchandise businesses, they will reinforce its industry-leading ranks, and in the ICT, Insurance & Logistics business and the Construction, Realty & Financial Business segment Itochu will seek to enrich and broaden their activities. Moreover, they will work to increase earnings in Machinery and Chemicals sectors respectively. Through these new plans, the CEO believes to achieve net income attributable to ITOCHU of ¥290.0 billion in fiscal 2014, an increase of ¥9.7 billion from fiscal 2013. Also, Mr. Masahiro is confident to earn profits of ¥208.5 billion in non-resource segment, an increase of ¥17.2 billion compared to FY2013.
This is one area, the company is looking great. Looking ahead, it plans to accelerate upstream earnings through this favorable volume and mix effect by way of new project execution and work programs coupled with reduced maintenance activities and higher seasonal demand. Also, the company is planning to further reduce operating costs for these new projects that should have positive impact on its upstream earnings in 2016.
a. Total raw sugar shipped from each supplier to each refinery must be less than or equal to the amount available to ship
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thirty year span in order to increase the size and the scope of the company.
Financial Management Assignment Full Name Institution Affiliation Financial Management Assignment Objective Gemini Electronics Ltd. is a U.S.-based electronics company that wishes to expand its business. Before the expansion plans are finalized, the founder of the company wants to obtain an independent evaluation of Gemini’s financial condition. The objective of this report is to present a financial analysis of Gemini Electronics Ltd.
For many years, IBM succeeded in holding a very good market position. In fact, the company achieved a very high market share and huge profits. However, this situation did not last forever. In 1990, IBM experienced its first quarterly loss of $2billion due to some unexpected accounting charges. However, revenues increased from $62.7 billion in the previous year to $96 billion. In 1991, the c...
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After enjoying years of success as a master distributor, RCI was now facing challenges adapting to the needs of the changing 1990’s environment. The problems RCI faced, as a distribution company was three-fold:
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