• Itochu average operating margin for 2023 was 4.72%, a 7.03% increase from 2022.
• Itochu average operating margin for 2022 was 4.41%, a 17.6% increase from 2021.
• Itochu average operating margin for 2021 was 3.75%, a 5.93% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.