News: Itochu Corp (8001.T)

8001.T on Tokyo Stock Exchange

1,660JPY
22 May 2015
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Thu, May 14 2015

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Japanese trading houses to cut investments, step up asset sales

TOKYO - Japan's big trading houses, stung by large asset writedowns in the wake of the global commodities slump, plan to step up asset sales and wind back investment spending by up to $10 billion over the next three years.

Japanese trading houses to cut investments, step up asset sales

TOKYO - Japan's big trading houses, stung by large asset writedowns in the wake of the global commodities slump, plan to step up asset sales and wind back investment spending by up to $10 billion over the next three years.

Japanese trading houses to cut investments, step up asset sales

TOKYO, May 15 - Japan's big trading houses, stung by large asset writedowns in the wake of the global commodities slump, plan to step up asset sales and wind back investment spending by up to $10 billion over the next three years.

Itochu sees CP, CITIC link boosting net profit by a third in 3 years

TOKYO - Itochu Corp, Japan's third-largest trading house, aims to boost its net profit by a third over the next three years, banking on a recent tie-up with Thailand's Charoen Pokphand Group (CP) and China's CITIC Ltd, its president said.

UPDATE 1-Itochu sees CP, CITIC link boosting net profit by a third in 3 years

* Projects record Y330 bln in net profit in 15/16 (Adds president's quotes and details from news conference)

Itochu aims to boost net profit by a third in 3 years

TOKYO, May 1 - Itochu Corp aims to boost its annual net profit by a third over the next three years, with the increase driven by growth in non-resource businesses such as food and machinery, the president of the Japanese trading house said on Friday.

Platinum Equity nears deal for Itochu's PrimeSource: sources

- Private equity firm Platinum Equity LLC is in advanced talks to buy PrimeSource Building Products Inc, the largest distributor of screws and nails in the United States, from Itochu Corp , according to people familiar with the matter.

Platinum Equity nears deal for Itochu's PrimeSource -sources

March 26 - Private equity firm Platinum Equity LLC is in advanced talks to buy PrimeSource Building Products Inc, the largest distributor of screws and nails in the United States, from Itochu Corp, according to people familiar with the matter.

Japan's FamilyMart, UNY study convenience store merger

TOKYO - FamilyMart Co Ltd and UNY Group Holdings Co Ltd said on Friday they were considering a merger that would create Japan's second-biggest convenience store chain, rivaling industry leader Seven-Eleven Japan.

UPDATE 2-Japan's FamilyMart, UNY study convenience store merger

* Combined group would be market's No.2 player behind Seven-Eleven

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