ITOCHU : Announces Business and Capital Alliances between ITOCHU CHEMICAL FRONTIER Corporation and OAT Agrio Co., Ltd.
May 20, 2016 at 05:24 am EDT
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ITOCHU CHEMICAL FRONTIER Corporation (headquartered in Minato-ku, Tokyo; Tsutomu Miyazaki, President & Chief Executive Officer; hereinafter 'ITOCHU CHEMICAL FRONTIER') which is a subsidiary of ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter 'ITOCHU') agreed to enter a business and capital alliance agreement with OAT Agrio Co., Ltd. (listed on the First Section of the Tokyo Stock Exchange; headquartered in Chiyoda-ku, Tokyo; Akihei Mori, President CEO; hereinafter 'OAT Agrio') and acquire 4.87% of all the issued shares of OAT Agrio.
ITOCHU CHEMICAL FRONTIER is the ITOCHU Group's core operating company in the field of organic chemicals. It deals in fine and specialty chemicals, intermediate chemicals, pharmaceutical ingredients, agrochemical ingredients, life science products, and other materials on a global scale.
OAT Agrio mainly engages in the research and development of advanced agrochemicals and fertilizer, searches for cultivation techniques, and handles production and sales both in Japan and other parts of the world. It is underlying management philosophy is 'to contribute to the people in the world with our agritechnology and honesty.'
The demand for agricultural materials that help boost food production will increasingly expand overseas to keep pace with and support the world population that is expected to remain on the rise. In these circumstances, business expansion in markets outside Japan is one of the most important issues for both ITOCHU CHEMICAL FRONTIER and to OAT Agrio.
ITOCHU CHEMICAL FRONTIER intends to accelerate global business expansion in the agricultural market by fully capitalizing on the synergy stemming from OAT Agrio's technological innovation capabilities and cultivation techniques in the field of agrochemicals and fertilizers through this business alliance.
Outline of ITOCHU CHEMICAL FRONTIER
Company Name
ITOCHU CHEMICAL FRONTIER Corporation
Representative
Tsutomu Miyazaki
Headquarters
16F ITOCHU BUILDING, 5-1, Kita-Aoyama 2-chome, Minato-ku, Tokyo
Founded
September 6, 1971
Business activities
Domestic and international trade, wholesale, consignment processing, and mediation for materials such as organic chemicals, fine chemicals, pharmaceuticals, agrochemicals, feed additives, and raw materials and intermediates.
Paid in Capital
1,100 million yen
Number of Employees
269 (as of April 1, 2016)
Shareholders
ITOCHU Corporation, 100%
Outline of OAT Agrio
Company Name
OAT Agrio Co., Ltd.
Representative
Akihei Mori
Headquarters
8F NBF Ogawa-machi Bldg. 1-3-1 Kanda Ogawa-machi, Chiyoda-ku, Tokyo
Founded
September 28, 2010
Business activities
Research and development, manufacture and sales of agricultural chemicals and fertilizers
Paid in Capital
461.9 Million Yen
Number of Employees
120 (as of December 31, 2015)
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Itochu Corporation published this content on 18 May 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 20 May 2016 09:22:09 UTC.
Original documenthttp://www.itochu.co.jp/en/news/2016/160518.html
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Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).
ITOCHU CORPORATION 
