May 8, 2020 / 5:15 AM / 25 days ago

Itochu expects a big impact on Apr-Jun earnings from pandemic -CFO

TOKYO, May 8 (Reuters) - Japanese trading house Itochu Corp expects the coronavirus pandemic will have a big impact on its earnings in the April-June quarter, but it will be smaller in July-September, Chief Financial Officer Tsuyoshi Hachimura said on Friday.

Itochu will refrain from large investments in the financial year that started on April 1 to cope with economic fallout from the pandemic, but the company does not rule out investments in areas where Itochu is strong, its president, Yoshihisa Suzuki, told an online news conference. (Reporting by Yuka Obayashi; Editing by Tom Hogue)

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