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Itochu - >>> Current business overview

https://en.wikipedia.org/wiki/Itochu

Itochu's business has eight major operational divisions, "Division Company".[5]

Textile Company: Itochu trades in raw materials and finished apparel, and also has a brand business.[6] It owns a portfolio of investments and rights in well-known fashion brands including Converse, Hunting World, LeSportsac, Mila Schön and Paul Smith. In 2018, Itochu acquired the Japanese Master License and exclusive distribution rights for the Laura Ashley brand.[7]

Machinery Company: Includes plant projects, marine, aerospace, automotive, construction/industrial machinery and healthcare.[8] In the automotive sector, Itochu is a shareholder of Yanase, Isuzu, and Mazda. In the infrastructure sector, Itochu partnered with Toshiba and Hitachi to supply infrastructure for the first expressway in Vietnam, the North–South Expressway between Hanoi and Ho Chi Minh City.[9] Itochu is also a partner in supplying rolling stock for the MTR in Hong Kong[10] and for New Generation Rollingstock passenger rail in Queensland, Australia.[11] It is a minority investor in the Sarulla geothermal power project in Indonesia[12] and has partnered with Mitsubishi Heavy Industries and Engie to develop the $15.8 billion Sinop Nuclear Power Plant in Sinop, Turkey.[13]

Metals & Minerals Company: Engages in mining and ore trading, steel and non-ferrous metal trading, coal and nuclear fuel trading and solar power.[14] Furthermore, the “Carbon Neutral Management Section” was established in April, 2021, directly under the Metal & Mineral Resources Division in order to promote the developments in areas such as Hydrogen & Ammonia and CCUS (Carbon dioxide Capture, Utilization and Storage). In addition, the Steel Business Coordination Department, which is directly overseen by the Metals & Minerals Company, provides support for Marubeni-Itochu Steel Inc. in the field of steel products.[15]

Energy & Chemicals Company: consists of 3 divisions: the Energy Division, the Chemicals Division and the Power & Environmental Solution Division. The Energy Division handles trading of general energy-related products, including crude oil, petroleum products, LPG, LNG, natural gas and hydrogen, as well as developing related projects. This Division also undertakes projects in oil & gas exploration, development and production.[16] Trades in oil and gas and a wide range of chemical products such as methanol, PTA and fertilizers.[17]

Food Company: Handles production, processing and distribution of various foodstuffs.[18] Two major group businesses are FamilyMart, acquired from Seiyu in 1998,[19] and Dole Food Company, which sold its worldwide packaged foods and Asia fresh produce businesses to Itochu for $1.7 billion in cash.[20] Itochu is also a strategic partner of COFCO in China[21] and owns an export grain terminal in Longview, Washington.[22] As of 2020 Itochu was one of the three largest global tuna traders along with Tri Marine of Italy and FCF of Taiwan.[23]

General Products & Realty Company: consists with the Forest Products, General Merchandise & Logistics Division and the Construction & Real Estate Division. The Forest Products, General Merchandise & Logistics Division deals with North American building materials, pulp, natural rubber, tires, and the distribution business including third-party logistics (3PL) and international transportation. The Construction & Real Estate Division deals with the construction materials business that handles wood products and OEM materials, the real estate development business that develops mainly residential housing and logistics facilities, and the real estate investment and building operation and management business.[24] A recent major acquisition in this division is WECARS, a major Japanese car retailer. Formerly known as Big Motor, the company was purchased by Itochu for ¥60 billion ($391 million) after scandal forced the company to rebrand.[25]

ICT & Financial Business Company: consists with the ICT Division and the Financial & Insurance Business Division.[26]

The 8th Company: collaborates with the other seven Business Companies.[27]

...In September 2020, Warren Buffett's Berkshire Hathaway announced that it had acquired over 5% of the stock in the company, along with four other Japanese trading houses, over the 12-month period ending in August 2020.[60] By April 2023, Berkshire increased the stake to 7.4%.[61]



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