Exhibit A

February 2, 2010
ITOCHU Corporation

Highlights of Consolidated Financial Results for the 1st-3rd Quarter (Apr.-Dec.) of FY 2010 (U.S. GAAP)(Unit: billion yen, (losses, decrease))

Financial topics for the 1st-3rd Quarter of FY 2010

・1-3Q "Net income attributable to ITOCHU" decreased by \82.1bil. to \80.6bil. compared with the previous 1-3Q, achieved 62% of Outlook for FY2010 of \130.0bil. This progress is

Consolidated Financial
Results of Operations

Apr.-Dec.
2009

Increase (Decrease)

Apr.-Dec.
2008

Summary of changes from the same periodof the previous fiscal year%

Revenue
Gross trading profit

2,513.9676.1

2,529.9
824.5(0.6%)(18.0%)

Parent company

Selling, general andadministrative expenses
Provision for doubtful receivables

Net interest expense
Dividends received
Net financial income (expense)
Gain (loss) on investments-net
Gain (loss) on property andequipment-net
Gain on bargain purchasein acquisition(*)

Other-net
Total other expenses
Income before income taxes and equity

in earnings of associated companiesac

Income taxes
Income before equity in earnings
of associated companies abc
Equity in earnings of associatedcompaniesbc

Net income
Less: Net income attributable tothe noncontrolling interest

Net income attributable to ITOCHU(578.1)(5.0)(18.9)
14.4
(4.5)
4.5
0.8

(570.2)(12.5)(22.1)
27.2
5.1(13.6)(35.1)

(8.0)
7.6
3.2
(12.8)
(9.6)
18.1
36.0

1.4%
(60.4%)(14.5%)(47.1%)
-

9.1

-

9.1

-

0.1

(9.6)

9.6

-

(573.1)103.0(49.2)
53.8
34.2
88.0(7.4)
80.6(635.9)188.7(70.3)
118.4
50.7
169.0
(6.4)
162.7

62.8
(85.6)
21.1(64.5)(16.5)(81.1)(1.0)(82.1)(9.9%)(45.4%)(30.0%)(54.5%)(32.6%)(48.0%)
15.7%(50.4%)（Reference）
Total trading transactions
Gross trading profit ratio

7,497.1
9.0%(2,109.2)
0.4%

9,606.4
8.6%

FY 2010

Machinery/Decr: Due to reduced transactions in automobile and construction
machinery business
ICT, Aerospace & Electronics/Incr: Almost the same level due to increase in domestic
mobile phone business offset by overall low performance in aviation, Information andCommunication Technology related businesses
Energy, Metals & Minerals/Decr: Decrease due to price falls in mineral resources andoil & gas as well as decrease in sales volume of iron ore despite increase from anacquisition of ITOCHU ENEX CO., LTD.
Chemicals, Forest Products & General Merchandise/Decr : Due to price falls inchemicals since last autumn and slowdown in housing market in Japan and the U.S.,
and deconsolidation of a subsidiary in the U.S. despite increase from an acquisition ofC.I.Kasei Co., Ltd.
Food/Incr: Increase in sales volume in food distribution business and profitabilityimproved in fresh food materials
Finance, Realty, Insurance & Logistics Services/Decr: Decrease in condominium
sales and sale of real estate for rent to investors, and low performance in financebusiness despite increase from an acquisition of i-LOGISTICS CORP. (Note 1)

・ SG&A: Increase due to acquisition of subsidiaries, increase in pension cost despite
decrease in ITOCHU Corporation and existing subsidiaries

・ Provision for doubtful receivables: Absence of provision for doubtful receivablesfrom Machine-related cusomers in Mongolia in the same period of the previous fiscal
year +10.8, increase due to allowance for other doubtful receivables -3.2

310.1

300.0
200.0

182.6
109.0

230.4

257.9
170.2

(100.0C.I.Kasei Co., Ltd. and i-LOGISTICS CORP. (Note 1)

05/Apr.-Dec.06/Apr.-Dec.07/Apr.-Dec.08/Apr.-Dec.09/Apr.-Dec.

Apr.-Dec.
2009

Net income attributable to ITOCHU

Apr.-Dec. Increase(Decrease)2008

Apr.-Dec.
2009

Apr.-Dec. Increase(Decrease)
2008

Share of group co. reporting profits(*) 25.0-(775.0)
175.0(77.0)
98.0
47.0
145.0
(15.0)
130.0

73.9%
58.9%
63.9%
54.9%
72.7%
60.7%
49.1%
62.0%

10,500.09.0%)

71.4%

207.0

74.3

2.1

13.2

16.3

Number of group co. reporting losses

Total

Dividend Information(Per Share)

Annual(Planned)

15 yenInterim

7.5 yenSummary of changes from the same period of the previous fiscal year
(Note 3) Refer to "Summary of changes from the same period of theprevious fiscal year" in "Consolidated Financial Results of Operations"31.4

66.8(35.4)

1.8(3.0)

4.7

44%

94.9

94.0

0.9

0.4

2.6(2.2)

4%

Decrease due to impairment loss on investment despite decreased SG&A.

Energy, Metals & Minerals

95.4

184.4

(89.0)

42.4

102.7

(60.3)

71%

Decrease in gross trading profit and equity in earnings of assoc. co., despite
the absence of the loss from Entrada Oil/Natural Gas Field Development Projectin the previous 1-3Q.

Chemicals, Forest Products& General Merchandise

81.0

91.8

(10.8)

12.7

18.2

(5.5)

75%

Food

257.5

255.7

1.8

25.9

18.5

7.4

100%

63%

Finance, Realty, Insurance& Logistics Services
Other, Adjustments& Eliminations

24.8

33.2

(8.4)

1.7

3.9(2.2)

28%

14.6

24.2(9.6)(17.4)

3.4(20.8)-Total

676.1

824.5

(148.5)

80.6

162.7

(82.1)

62%

130.0

119.4

41.1

45.0
15.9

17.4

18.4

(25.7)(42.3)
05/Apr.-Dec. 06/Apr.-Dec.

(33.6)
07/Apr.-Dec.

(33.8)
08/Apr.-Dec.

7.3

subsidiaries：Consolidation
adjustments

81.9
39.6

67.0

61.0

5.9
(46.8)
09/Apr.-Dec.

(Note 4) "Earnings from overseas businesses" is the total of net income attributable to ITOCHU of overseas
trading subsidiaries and overseas group companies, plus net income attributable to ITOCHU ofoverseas branch of parent company and domestic group companies substantially operating in overseas.

72.2%
306
118424(6.5%)(30)
26(4)

Apr.-Dec.
2009

Group Companies

ITOCHU Minerals & Energy(C)of Australia Pty Ltd (IMEA)

23.4

64.6

Decrease due to price falls inmineral resources and oil & gas

ITOCHU Oil Exploration(Azerbaijan) Inc.

(C)

4.5

20.6

Decrease due to price fall in crude
oil and reduction of entitlement

Brazil Japan Iron Ore Corporation (E)2.3-Iron ore demand has been improved
since this quarter although the demandshrank in this first half

TING HSIN (CAYMAN ISLANDS)(E)
HOLDING CORP.

2.2-Food manufacturing businessmainly contributed to the profit

(C)

(2.0)

0.9

Decrease due to the absence of a largescale condominium sale recorded in theprevious 1-3Q as well as low sales

Japan Brazil Paper and Pulp (E)Resources Development Co., Ltd

(2.0)

3.3

Decrease due to price fall in pulp
and exchange loss from Brazilian
real's appreciation

Apr.-Dec.
2008

Group co. reporting profits

111.4

194.5

(83.1)（Major Group Companies Reporting Losses）

Group co. reporting losses(23.5)
87.8(43.0)
151.5

19.5(63.7)

ITOCHU Property
Development, Ltd.

TotalIncrease(Decrease)(Group companies)
105.0(23.1)
81.9

Group co. reporting profitsGroup co. reporting losses

Total of Group companies

175.7(42.6)
133.0(70.7)
19.5(51.1)

P/L of Group Companies Reporting Profits / Losses
194.5
140.9

130.8

159.3 136.8

151.5
111.4

104.6 93.7

6.4
(0.4)
5.9

Group co. reporting profits

18.8(0.4)
18.4

Summary of changes fromthe same period of theprevious fiscal year

Apr.-Dec.
2008（Major Group Companies Reporting Profits） (C):Consolidated subsidiary （E):Equity-method associated company

Apr.-Dec.
2009

P/L of Group Companies
Reporting Profits / Losses

December 31
2009

Financial Position

Machinery

(3.1)

114.9

(12.5)(0.1)(12.5)(10.9)(10.1)

05/Apr.-Dec.

06/Apr.-Dec.

(22.4)
07/Apr.-Dec.

87.8: Group companies
reporting profits: Group companies
reporting losses: Net P/L

(23.5)(43.0)
08/Apr.-Dec. 09/Apr.-Dec.

61.6%

ICT, Aerospace & Electronics

76.4

Number of group co. reporting profitsTotal of Overseas trading subsidiaries

Decrease due to the absence of gain on sales of investments in the previous
1-3Q in addition to market slowdown in textile materials, fabrics and apparels
despite increased earnings of associated companiess
Increase due to the absence of impairment loss on investments in the previous 1-3Q,
and improved equity in earnings of assoc. co. despite decreased gross trading profit

Textile65.7%
276
144420Group co. reporting losses[Net income attributable to ITOCHU]

Progress(%)

Increase(Decrease)

73.2%
49.6%
69.9%
53.2%
-(Note 2) Refer to the results announced by each company, as their announcement dates are on and after Feb. 2, 2010.

Gross trading profit (Note 3)

Apr.-Dec.
2008(790.0)(10.0)(27.0)
27.00.0(Note 1) i-LOGISTICS CORP. changed its corporate name to ITOCHU LOGISTICS CORP. effective Jan. 1, 2010.

Operating Segment
Information

Apr.-Dec.
2009

Share of Group Companies
Reporting Profits(Note 5) In this 1st quarter, the criteria to count group companies was changed so that thenumber of companies directly invested by ITOCHU or its overseas trading subsidiaries
are shown above.

・ Other-net: Absence of the loss from Entrada Oil/Natural Gas Field Development
HSIN (CAYMAN ISLANDS) HOLDING CORP. +2.2 / Century Tokyo Leasing
Corporation (Note 2) [Net profit related to a merger +1.1] / MISI -11.7 / Japan
Brazil Paper and Pulp Resources Development Co., Ltd. -5.3 / Equity-method
associated companies of IMEA -4.7 / Orient Corporation -3.2

0.0(58.6)〔( i ):+26.6 / ( ii ):+7.2〕, net gain on sales of property and equipment +2.2・ Gain on bargain purchase in acquisition: Gain in the acquisitions of・ Equity in earnings of assoc. co.: Brazil Japan Iron Ore Corporation +2.3 / TING

127.6
80.6

100.1
62%

71.2%

Project +10.5, improvement of foreign currency exchange losses +1.3, others -2.1

162.7

149.6

41.5
51%

(Note 4)

(Overseas trading subsidiaries)

・ Net financial income (expense): Improvement of net interest expense due to(22.0%)
decline in U.S. dollars interest rate, dividends received from LNG-related：Adjusted profit：Net income
attributable toITOCHU

Earnings fromoverseas businesses
Share of earnings fromoverseas businesses

950.0

・Gain (loss) on investments-net: Impairment loss on investments +21.1,

Net income attributable to ITOCHU and Adjusted profit：Parent company：Group companies：Overseas trading

Components of Net income attributable to ITOCHU(Announced on October 30, 2009)

Textile/Incr: Increase from an acquisition of SANKEI CO., LTD. despite decrease
due to market slowdown in textile materials, fabrics and apparels despite

net gain on sales of investments -4.9, loss on business disposals and others +1.8

(5.4)
(51.1)(12.5)(13.0)(82.1)

Consolidation adjustments

Please refer to "OperatingSegment Information"(182.5) (58.9%)
Adjusted profit
127.6
310.1
・ Gain (loss) on property and equipment-net: Absence of the loss from Entrada
Adjusted profit = Gross trading profit + SG&A expenses + Net financial income
Oil/Natural Gas Field Development Project ( i ); and other impairment losses onproperty and equipment in the same period of the previous fiscal year ( ii ) +33.8+ Equity in earnings of associated companies

Net income attributable to ITOCHU

45.0
133.0
18.4
(33.8)
162.7Overseas trading subsidiaries

Outlook for

ENEX CO., LTD., despite decrease due to price falls in metal resources and energies,
poor market in automobiles and housing market slowdown in Japan and the U.S.

investments -10.3

Increase(Decrease)

39.6
81.9
5.9
(46.8)
80.6

Group companies

・ Revenue: Increase due to the acquisition of several subsidiaries including ITOCHU・ Gross trading profit: (Incr/Decr fields & business)

Apr.-Dec.
2008

86.4

Progress(%)(15.9)(148.5)

Apr.-Dec.
2009

Components of Net Income
attributable to ITOCHU

steady considering our initial plan and our performance where many of segments such as "Textile", "ICT & Aero., & Elec.", and "Realty" are 2H intensive. Progress rates of Outlook for
FY2010 by each segment are: 63% for "Textile", 71% for "Ener. Met. & Min.", 75% for "Chem., FP & GM", and 100% for "Food" (See "Operating Segment Information"), progress ofsuch segments with large portion of Outlook for FY2010 is steady.
・Net income attributable to ITOCHU in "Food" increased by \7.4bil. to \25.9bil. compared with the previous 1-3Q, while decreased in "Ener. Met. & Min." due to significant price falls
in mineral resources and oil & gas but still recorded \42.4bil.The income in "Textile"was \13.2bil. and "Chem., FP & GM" was \12.7bil, as a result, 4 segments achieved more than
\10.0bil. The income in "Mach."was \1.8bil., "ICT & Aero., & Elec." was \0.4bil. and "Fin. Rlty, Insur. & LS"was \1.7bil.
・Ratios of "Net income Attributable to ITOCHU" by sector; Natural Resource-Related, 53%, Consumer-Related, 51% and Others, minus 4%.
・Steady performance was shown for achievement of new large projects in mineral resources and food as in "Group Companies" on the right.
・ITOCHU stockholders' equity increased by \151.0 bil. to \1,000.4bil. due to accumulation of Net income attributable to ITOCHU, improved Foreign currency translation
adjustments and Unrealized holding gains on securities. NET DER improved by 0.2points to 1.8times.

Decrease in gross trading profit and equity in earnings of associatedcompanies despite profit from obtaining control of C.I.Kasei Co., Ltd.
Significant increase due to gain on sales of investments in addition todecreased SG&A in a food distribution subsidiary
Decrease in gross trading profit and equity in earnings of assoc. co.
despite profit from obtaining control of i-LOGISTICS CORP. (Note 1)
Decrease in equity in earnings of assoc. co. and increased inter-company income tax
caused by change of internal tax system in addition to decreased gross trading profit

Total assets
Interest-bearing debt
Net interest-bearing debt

5,613.3
2,284.6
1,826.4
1,000.4
1.8

ITOCHU stockholders' equity
Net debt-to-equity ratio (times)

March 312009

Increase(Decrease)

5,192.1
421.2
2,389.3(104.7)
1,756.8
69.6
849.4
151.0
2.1 improved 0.20

Outlook forMarch 31, 2010

Summary of changes from the previous fiscal year end
Total assets / Increase: Effect of acquisitions in Textile, Chem., FP & GM and Fin., Rlty, Insur & LS; Trade
receivables, Inventories associated with higher oil prices compared with the end of the previous FY; Investmentsand Net property and equipment resulting from the appreciations of Brazilian real and Australian dollar against theyen in Ener., Met. & Min.; New investments in Textile and in Food; Decrease: Cash and cash equivalents andTime deposits; Trade receivables and Inventories in automobiles businesses
ITOCHU stockholders' Equity / Increase: Accumulation of Net income attributable to ITOCHU, improvementin Foreign currency translation adjustments, improvement in Unrealized holding gains on securities resulting
from recovery of stock market; Decrease: Dividend payment; "NET DER" (Note 6) improved by 0.2 points to 1.8

5,500.02,400.0
1,900.0
1,000.0
1.9（Note 6) "Stockholders' equity" is equivalent to "ITOCHU stockholders' equity" and used in calculating "NET DER".

Apr.-Dec.
2009

Cash Flows

Apr.-Dec.
2008

Operating activities
Investing activities
Financing activities

114.3 (Note 7) 112.7(155.9) (Note 7)(287.5)(138.6)
214.7

Cash and cash equivalents
Increase (Decrease)453.2(175.6)

Increase(Decrease)

1.6
131.6
(353.3)

462.2
15.9

Condition of Cash Flows for Apr.-Dec. 2009

Operating: Net cash-inflow mainly due to good performance in operating revenue in food, chemicals and textile
business and reduction of inventories in automobile business.
Investing: Net cash-outflow mainly due to investments in the consumer-related sector, increased capital
expenditure in overseas natural resource development sector (Energy, Metals & Minerals), and additional
investments related to acquisitions of C.I.Kasei Co., Ltd. and i-LOGISTICS CORP. (Note 1)
Financing: Net cash-outflow (net repayment) mainly due to dividends payment and repayments of debt by theparent company.

（Note 7）As announced dated February 10, 2009 in "Partial Restatement of Consolidated Financial Results for the Third Quarter of Fiscal Year 2009", the consolidated statements of cash flows for the same
period of the previous fiscal year had been restated.

Major Indicates

Apr.-Dec.
2009

Apr.-Dec.
2008

94.42

103.74

Average (Apr.-Dec.)

Foreignexchange(Yen/US$)

Apr.-Dec.
2009

Apr.-Dec.
2008(9.32) Interest, JPY TIBOR 3M, average (Apr.-Dec.)

0.553%

0.851%(0.298%)Interest, US$ LIBOR 3M, average (Jan.-Sep. ）Changes

Major Indicates

ChangesMar. closing
December 31st

Dec.-09

Average (Jan.-Sep.)

Dec. closing
September 30th

92.10

Mar.-09

94.53
Sep.-09

90.21

Dec.-08

98.23(6.13)

106.47(11.94)

91.03(0.82)

Crude oil (Brent),
average (US$/BBL)

0.827%

2.981%(2.154%)(Apr.-Dec.)

68.10

98.99

(30.89)(Jan.-Sep.)

58.13

112.10(53.97)