Company

Greetings from Tsuguyoshi Nakatani, ITOCHU Metals Corporation.

As we embark on FY 2025, we reflect on the challenges and achievements of the preceding fiscal year and share with you our forthcoming policies, encompassing the current fiscal year and beyond.

Over the past nine years as President and CEO of ITOCHU Metals, I have never faced a year as challenging as 2024. Two major management issues arose simultaneously, each fundamentally different in nature. Addressing them required relentless focus and placed significant strain on the Company, ultimately resulting in considerable losses—an outcome I deeply regret. While we have made a certain level of progress regarding one of these issues, the other remains a work in progress. We have implemented all possible measures and are now closely monitoring their effectiveness and outcomes.

On the brighter side, many of our long-established businesses have been further refined and have yielded positive results. None of this would have been possible without the dedication of our employees and the unwavering support of our stakeholders. I would like to take this opportunity to express my sincere gratitude for your continued commitment.

Looking ahead to FY 2025, the global landscape is undeniably becoming more unpredictable. Even in such uncertain times, while flexibility will be crucial for both short-term and temporary challenges, I firmly believe that our core strengths—environmental initiatives (contributing to the SDGs) and a market-in approach—will grow even more vital. We are confident that our initiatives to provide products and services that meet societal needs will continue to expand and intensify.

Through these efforts, as an integral part of the ITOCHU Group, we will further embody the Group’s founding philosophy of “Sampo-yoshi” (good for the seller, buyer, and society) at an even higher level. We sincerely appreciate the continued support of all our stakeholders as we pursue these endeavors.

Finally, I cannot help but hope for the swift arrival of peace around the world—a wish surely shared by all.