Company

Greetings from Tsuguyoshi Nakatani, ITOCHU Metals Corporation.

As we embark on FY 2026, I would like to reflect on the preceding fiscal year and share with you our policies for the year ahead.

As I anticipated exactly one year ago, FY 2025 proved to be an extraordinarily challenging year, one in which a remarkable array of events unfolded on the world stage and had a profound impact on our business activities. The developments that affected us most significantly were as follows:

• ・The change of administration in the United States led to shifts in U.S. trade policy, including a greater use of tariffs in bilateral negotiations. These policy changes contributed to an increase in global trade uncertainty.
• ・Expected reductions in environmental regulatory standards are driving a retreat from long-term investment commitments related to the BEV adoption.
• ・Heightened geopolitical tensions in the Middle East and increasing regional instability are driving up energy prices leading to global inflationary implications.

While our Company was inevitably buffeted by these shifts in the global landscape, I believe that by building strong relationships with our stakeholders, we were able to respond appropriately across all areas without being overwhelmed by these difficulties.

FY 2026 promises to bring further unpredictable developments, but it is our intention to continue providing the high-quality products, services, and information that only we can offer, drawing on the collective strength of each and every employee and the continued understanding and cooperation of our stakeholders, and to drive the further growth of our Company.
Through these efforts, as an integral part of the ITOCHU Group, we will continue to embody the Group’s founding philosophy of “Sampo-yoshi” (good for the seller, buyer, and society) at an ever-higher level. We sincerely ask for your continued support.

In closing, I sincerely hope for the swift return of peace to all corners of the world.