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Itochu Corp (8001.T)

8001.T on Tokyo Stock Exchange

2,014JPY
15 Nov 2018
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¥2,302
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¥1,854

Latest Key Developments (Source: Significant Developments)

Itochu Says Booked Impairment Loss Of 143.3 Billion Yen On Its Stake In China's Citic
Friday, 2 Nov 2018 12:00am EDT 

Nov 2 (Reuters) - Itochu Corp <8001.T>::ITOCHU SAYS BOOKED IMPAIRMENT LOSS OF 143.3 BILLION YEN ON ITS STAKE IN CHINA'S CITIC.ITOCHU SAYS EVALUATION GAIN FROM INVESTMENT IN FAMILYMART UNY CONTRIBUTED 141.2 BILLION YEN IN Q2.ITOCHU CFO SAYS IMPAIRMENT LOSS IS DUE TO ITS EXPECTATION THAT SLUMP IN CITIC SHARE PRICES WILL CONTINUE FOR A LONG TIME.ITOCHU CFO SAYS EXPECTS CITIC'S FINANCIAL BUSINESS TO REMAIN SOLID.ITOCHU CFO SAYS U.S.-CHINA TRADE SPATS WILL LIKELY HAVE MORE NEGATIVE IMPACT ON CHINESE ECONOMY NEXT YEAR.  Full Article

Peabody Energy Held Talks to Buy Drummond - WSJ
Wednesday, 3 Oct 2018 08:54am EDT 

Oct 3 (Reuters) - :PEABODY ENERGY CORP HAS HELD DISCUSSIONS TO BUY COLOMBIAN PEER DRUMMOND INTERNATIONAL LLC - WSJ, CITING SOURCES.DEAL BETWEEN PEABODY AND DRUMMOND WOULD BE VALUED AT BETWEEN $4 BILLION AND $4.5 BILLION AND SEE THE U.S. MINER ACQUIRE 80 PERCENT OF ITS COLUMBIAN PEER - WSJ.  Full Article

Itochu President: Higher Profit Forecast Reflects Stronger Profit In Each Business Segment, Not Due To Any Major One-Off Gains
Monday, 1 Oct 2018 12:25am EDT 

Oct 1 (Reuters) - Itochu Corp <8001.T> President::TO GRADUALLY RAISE ITS DIVIDEND RATIO TO 30 PERCENT.PLAN TO KEEP BUYING BACK OWN SHARES, UP TO TOTAL 100 MILLION SHARES IN MID- TO LONG-TERM.HIGHER PROFIT FORECAST REFLECTS STRONGER PROFIT IN EACH BUSINESS SEGMENT, NOT DUE TO ANY MAJOR ONE-OFF GAINS.  Full Article

Itochu Says To Cancel Treasury Shares Worth 4.69 Percent Of Outstanding Stock On Oct 19
Monday, 1 Oct 2018 12:02am EDT 

Itochu Corp <8001.T>::ITOCHU SAYS TO CANCEL TREASURY SHARES WORTH 4.69 PERCENT OF OUTSTANDING STOCK ON OCT 19.  Full Article

BRIEF-Hitecvision's Verus buys Cieco Exploration & Production
Thursday, 20 Sep 2018 09:38am EDT 

Repeats to attach article to alert, no changes in text:HITECVISION'S VERUS ACQUIRES CIECO EXPLORATION & PRODUCTION (UK) LIMITED.HITECVISION'S VERUS DOES NOT PROVIDE VALUE OF DEAL.  Full Article

Hitecvision's Verus buys Cieco Exploration & Production
Thursday, 20 Sep 2018 09:36am EDT 

Sept 20 (Reuters) - Hitecvision AS ::HITECVISION'S VERUS ACQUIRES CIECO EXPLORATION & PRODUCTION (UK) LIMITED.HITECVISION'S VERUS DOES NOT PROVIDE VALUE OF DEAL.  Full Article

Daiken says business and capital alliance with ITOCHU
Monday, 3 Sep 2018 02:57am EDT 

Sept 3 (Reuters) - Daiken Corp <7905.T>:Says it forms business and capital alliance with ITOCHU Corp <<<8001.T>>> on Sept. 3 .Says it will issue 1.9 million shares via private placement to ITOCHU Corp, at the price of 2,240 yen per share, to raise 4.27 billion yen in total.Payment date on Sept. 19 .Says ITOCHU Corp will increase voting power in the company to 35 percent from 28.9 percent .Says two entities will mainly cooperate on renovation business expansion, woody materials business and brand strengthening in China and ASEAN market .  Full Article

Itochu (China) Plans To Unload Stake In Shandong Longda Meat Foodstuff
Monday, 9 Jul 2018 05:56am EDT 

July 9 (Reuters) - Shandong Longda Meat Foodstuff <002726.SZ>::SAYS ITOCHU (CHINA) PLANS TO UNLOAD UP TO 2.9 PERCENT STAKE IN THE COMPANY WITHIN FIVE MONTHS.  Full Article

Pchomestore to delist from Taipei Exchange
Thursday, 31 May 2018 10:36pm EDT 

June 1(Reuters) - Pchomestore Inc <4965.TWO>:Says it gets approval to delist from Taipei Exchange, effective June 22.Says PChome Online Inc <<<8044.TWO>>>, PChome eBay and Itochu Corp <<<8001.T>>> will buy shares of the co at T$44 per share, during the period from June 22 to Aug. 10.  Full Article

Itochu says change of chairman and president
Thursday, 18 Jan 2018 12:17am EST 

Jan 18 (Reuters) - Itochu Corp <8001.T>:Says it appoints Masahiro Okafuji as new chairman of the board and Yoshihisa Suzuki as new president .Effective April 1 .  Full Article

Itochu books $1.3 bln Citic charge as Japan's trading houses warn about Sino-U.S. trade spat

Nov 2 Itochu Corp on Friday booked a $1.3 billion loss on its investment in China's Citic Ltd , blaming trade tension between China and the U.S. for the writedown on its biggest corporate transaction.