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Itochu Corp (8001.T)

8001.T on Tokyo Stock Exchange

21 Aug 2017
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¥-2 (-0.09%)
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Latest Key Developments (Source: Significant Developments)

Itochu unit to acquire shares of Fuji Oil Holdings
Friday, 4 Aug 2017 03:12am EDT 

Aug 4 (Reuters) - Itochu Corp <8001.T>:Says its wholly owned unit plans to acquire 6.2 million shares (about 7.2 percent voting power) of Fuji Oil Holdings Inc <<<2607.T>>> as of March 31, 2018.Says it will raise stake in Fuji Oil Holdings to 33.4 percent after this acquisition .  Full Article

Osaka Gas to set up liquefied petroleum gas JV with Itochu Enex
Thursday, 3 Aug 2017 03:23am EDT 

Aug 3(Reuters) - Osaka Gas Co Ltd <9532.T>:Says it will set up a joint venture (JV), which will be used to integrate wholesale and retail business of liquefied petroleum gas in Kanto, Chubu and Kansai area, with Itochu Enex Co Ltd <<<8133.T>>>, on Oct. 1.Says the two companies will hold a 50 percent stake in the JV respectively .  Full Article

Itochu to build two coal-fired power plants in Indonesia for about 45 bln yen- Nikkei
Wednesday, 26 Jul 2017 05:04pm EDT 

July 27 (Reuters) - Nikkei-:Itochu to build two coal-fired power plants in Indonesia for about 45 billion yen- Nikkei.  Full Article

Itochu amends condition of TOB
Friday, 7 Jul 2017 03:52am EDT 

July 7 (Reuters) - Itochu Corp <8001.T>:* Says it will acquire 12.6 million shares of YANASE & CO., LTD. .* Says it amends voting power in YANASE & CO., LTD. to 66.4 percent from 65.3 percent .* Says it amends transaction amount to 6.78 billion yen from 6.5 billion yen .* Says it amends subscription deadline to July 24, from July 10 .* Says it amends payment date to Aug. 3 from July 21 .* The previous plan was disclosed on May 25.  Full Article

Itochu plans to cut holdings in Shandong Longda Meat Foodstuff
Monday, 26 Jun 2017 06:09am EDT 

June 26 (Reuters) - Shandong Longda Meat Foodstuff Co Ltd <002726.SZ>:Says major shareholder Itochu (China) Holdings Co Ltd plans to unload up to 3.0 percent stake in the company within six months since July 18.  Full Article

Itochu to spend 2.5 bln rupees to buy stake in Hindustan Aegis LPG - Nikkei
Tuesday, 30 May 2017 05:40pm EDT 

May 31 (Reuters) - Nikkei::Itochu to spend 2.5 billion rupees in July to buy 19.7 pct stake in India's Hindustan Aegis LPG - Nikkei.  Full Article

Japan trading houses to spend 200 bln yen on logistics centers - Nikkei
Friday, 19 May 2017 05:20pm EDT 

May 19 (Reuters) - Nikkei : :Itochu will invest approximately 90 billion yen to open six facilities by 2019 in the Tokyo area - Nikkei.Mitsubishi Corp will open five centers in Kanto region this year and next; Total cost of the five projects will be 41 billion yen - Nikkei.Sumitomo Corp will open three centers in Osaka, Yokohama and Kanagawa prefecture's Sagamihara at a total cost of about 50 billion yen - Nikkei.  Full Article

Itochu sees weaker iron ore prices in FY17/18 due to oversupply -CFO
Tuesday, 2 May 2017 01:00am EDT 

May 2 (Reuters) - Itochu Corp <8001.T>::Itochu Chief Financial Officer Tsuyoshi Hachimura told a news conference that the trading company expects weaker iron ore prices in the fiscal year that started in April due to oversupply. He did not give a specific figure..  Full Article

Conexio to retire to 11,185,062 treasury shares
Friday, 28 Apr 2017 02:14am EDT 

April 28 (Reuters) - Conexio Corp <9422.T>: :* Says it will retire 11,185,062 shares (20 percent stake) of its common stock on July 3.  Full Article

For year ending march 2018 Sumitomo expects to log about 220 bln yen in net profit- Nikkei
Thursday, 27 Apr 2017 05:36pm EDT 

April 28 (Reuters) - Nikkei ::For year ending March 2018 Sumitomo is expected to log about 220 billion yen in net profit- Nikkei.Itochu corp's FY net profit is expected to climb 50% to about 370 billion yen, exceeding guidance - Nikkei.Sumitomo's FY net profit probably doubled from a year earlier to around 150 billion yen - Nikkei.Marubeni Corp also apparently surpassed its guidance, which called for net profit to rise by 120% to 140 billion yen for FY - Nikkei.  Full Article

BRIEF-Itochu unit to acquire shares of Fuji Oil Holdings

* Says its wholly owned unit plans to acquire 6.2 million shares (about 7.2 percent voting power) of Fuji Oil Holdings Inc as of March 31, 2018