• Itochu average return on tangible equity for 2023 was 22.91, a 6.41% decline from 2022.
• Itochu average return on tangible equity for 2022 was 24.48, a 5.88% decline from 2021.
• Itochu average return on tangible equity for 2021 was 23.12, a 25.45% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.