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May 03, 2024
 

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ITOCHU

Japan Times
BUSINESS
Aug 20, 2020
Japanese trading giant Itochu edges traditional rivals by shunning energy and metals
Itochu is shattering the old pecking order led by Mitsubishi, Mitsui and Sumitomo by extending its lead as the nation's most valuable trader.
Japan Times
BUSINESS / Companies
Jul 8, 2020
Itochu planning ¥600 billion bid for Japan’s FamilyMart chain
Trading companies have been increasing their stakes in the country's biggest convenience store operators as a way to diversify business.
Japan Times
BUSINESS
Apr 24, 2020
Two firms recall 'Abenomasks' after complaints of stains, bugs and mold
The trading house and medical equipment maker said they had also found similar problems with masks still in their inventories.
JAPAN / Crime & Legal
Nov 26, 2019
Employee of Japanese trading house Itochu sentenced to three years in prison in China
An employee of Japanese trading house Itochu Corp., who was detained in China in 2018 on suspicion of harming national security, has been sentenced to three years in prison in the country, Japanese Foreign Minister Toshimitsu Motegi said Tuesday.
Japan Times
BUSINESS / Companies
Mar 25, 2019
Japan sportswear firm Descente appoints new chief from Itochu after rare hostile takeover
Sportswear maker Descente Ltd. said Monday it has appointed a new head from top shareholder Itochu Corp., effective in June, after the trading house succeeded in completing a hostile takeover earlier this month.
Japan Times
BUSINESS / Companies
Mar 15, 2019
Itochu wins bigger stake in sportswear-maker Descente in rare hostile takeover for Japan
Trading house Itochu Corp. said Friday it has increased its stake in major sportswear-maker Descente Ltd. to 40 percent, succeeding in what, for Japan, was a rare hostile takeover bid.
Japan Times
BUSINESS / Companies
Mar 14, 2019
Japan trading house Itochu partners with Singapore's Halcyon to join sustainable rubber trade
Japanese trading house Itochu Corp. will aim to promote sustainable trade in natural rubber under a capital tie-up with a Singaporean market platform operator.
BUSINESS / Companies
Mar 5, 2019
Japan's Itochu invests in Singapore operator of doctor-focused social networking service
Major trading house Itochu Corp. is investing in Docquity Holdings, a Singapore-based operator of a specialized social media network for doctors, to expand its health care business in Southeast Asia.
Japan Times
BUSINESS
Feb 14, 2019
Itochu worker now detained in China for more than a year over espionage: sources
Chinese authorities have been holding a male employee of major Japanese trading house Itochu Corp. in connection with espionage allegations for about a year, sources familiar with the case said Thursday.
Japan Times
BUSINESS / Companies
Feb 7, 2019
Hostile takeover battle looms as Japan sportswear-maker Descente opposes Itochu's bid for larger stake
The trading house said it will proceed with the takeover bid despite opposition.
BUSINESS / Companies
Apr 25, 2018
Japan's Itochu withdraws from nuclear power plant project in Turkey
Major trading house Itochu Corp. is backing away from a nuclear power plant project in Turkey because of a surge in safety-related costs, sources close to the matter said Tuesday.
Japan Times
JAPAN
Jan 11, 2018
Japanese firms brainstorming ways to keep staff with cancer active, productive under new law
Corporate Japan is striving to make it possible for employees with cancer to continue working as usual while undergoing treatment.
BUSINESS
Apr 27, 2016
Marubeni, Itochu and UCC chief among Japan stakeholders in Panama Papers
A data leak reveals Japanese individuals and firms are listed as shareholders or directors of at least 270 entities in offshore tax havens.
BUSINESS / Companies
Jun 23, 2015
Itochu exits U.S. shale foray with $1 sale
Itochu Corp. ended its $1 billion foray into U.S. shale by selling its 25 percent stake in Samson Resources Corp. back to Samson for $1.
Japan Times
JAPAN / Society
May 28, 2015
Early summer shifts have merit but experts see overtime, family disruption risks
Prime Minister Shinzo Abe is hoping to kick-start a summer of love by shifting work hours forward in order to free up time in the evenings for families to spend together.
BUSINESS / Companies
May 1, 2015
Itochu to boost dividends, expects 10% increase in profit
Itochu Corp., the third-largest trading house in the country by market value, will boost its dividend payout this year as it targets a 10 percent jump in profit.
BUSINESS / Companies
Mar 4, 2015
Itochu selling China Food unit to Asahi group
Itochu Corp. has agreed to sell a Chinese food unit to Asahi Group Holdings Ltd., as the trading house seeks to raise funds ahead of its planned $5 billion investment in Citic Ltd. and to maintain its profit forecasts.
BUSINESS / Companies
Jul 24, 2014
Itochu crafts $1 billion tie-up with Thailand's CP Group
Itochu Corp on Thursday entered into a $1 billion tie-up with Thai billionaire Dhanin Chearavanont's Charoen Pokphand Group, targeting rising demand for meat and livestock products in China and elsewhere in Asia.
JAPAN / Crime & Legal
Jul 6, 2014
Ex-Itochu accountant embezzled ¥600 million from N.Z. affiliate: police
A former employee of major trading house Itochu Corp. was arrested Sunday on suspicion of embezzling approximately ¥600 million from an affiliate in New Zealand, police said.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Biden calls ally Japan ‘xenophobic’ along with rivals China and Russia
U.S. President Joe Biden speaks in Syracuse, New York, on April 25.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
Harajuku strives to reclaim its former glory — and surpass it
Laforet Harajuku, which celebrated its 45th anniversary last year, has been a witness to the district's evolution over the years.
Saudi Arabia steps up Gaza-related arrests as Israel ties edge closer
The arrests for Gaza-related posts indicate Crown Prince Mohammed bin Salman’s regime will take a hard line against citizens not toeing the line when it comes to normalizing ties with Israel.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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