Itochu

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Itochu Corporation
伊藤忠商事株式会社
Type Public KK (TYO: 8001)
Founded December 1, 1949
Headquarters Tokyo and Osaka, Japan
Key people Uichiro Niwa, Chairman
Eizo Kobayashi, CEO
Makoto Kato, COO
Sumitaka Fujita, CFO
Industry Diversified trading company
Employees 4,052 (2006)
Website www.itochu.co.jp
Osaka headquarters of Itochu (left building) in Chuo-ku, Osaka, Japan
Osaka headquarters of Itochu (left building) in Chuo-ku, Osaka, Japan

Itochu Corporation (伊藤忠商事株式会社 Itōchū Shōji Kabushiki-gaisha?), until 1992 "C. Itoh" in English, is a Japanese general trading concern based in Chūō-ku, Osaka, Osaka Prefecture and Minato-ku, Tokyo.

It has a common origin with Marubeni Corporation.

Contents

[edit] History

Initially founded as a kimono retail store in 1858 by Chūbei Itō, the company later known in English as Itochu gradually evolved from pure buying and selling to manufacturing, supplying, exporting and investments. After various mergers and acquisitions, it was incorporated in 1918 and again in 1949. It now ranks as one of the largest sōgō shōsha companies in Japan and among the world's largest companies; it has 1,027 subsidiaries and associated companies operating in over 80 countries.

[edit] Corporate setup

Itochu currently has seven major divisions or business groups, listed below:

  • textiles
  • foods, grain and canned goods (accounting for nearly 25% of revenue)
  • aerospace
  • electronics and multimedia
  • financial, realty insurance and merchandise services, such as foreign exchange and leasing
  • petroleum
  • nuclear

[edit] Offices of Itochu Corporation

Itochu currently has seven Division Companies operating:

  • Textiles
  • Machinery
  • Aerospace, Electronics & Multimedia
  • Energy, Metals & Minerals
  • Chemicals, Forest Products & General Merchandise
  • Food
  • Finance, Realty, Insurance & Logistics Services

[edit] Itochu Group

  • Itochu Corporation
  • Itochu Oil Exploration Co., Ltd. (see also CentGas consortium)
  • Itochu Construction Machinery Co., Ltd.
  • Itochu Aviation Co., Ltd.
  • Itochu Mabis Inc.
  • Itochu Techno-Solutions Corp. (CTC)

[edit] External links