Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Tokyo  >  Itochu Corp    8001   JP3143600009

News SummaryMost relevantAll newsSector newsTweets 

Itochu Corp : ITOCHU Announces Collaboration with AIR WATER INC. in the Healthcare Field

share with twitter share with LinkedIn share with facebook
share via e-mail
02/14/2013 | 07:43am CEST

Primary contents from here.

February 14, 2013

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter "ITOCHU") announced today that it has agreed to transfer 60% of the shares of ITOCHU's wholly owned subsidiary, Healthcare-Tech Corporation (headquartered in Fuchu City, Tokyo; Kenichi Watanabe, President; hereinafter "Healthcare-Tech"), to AIR WATER INC. (headquartered in Osaka City, Osaka; Hiroshi Aoki Chairman & CEO; hereinafter "AIR WATER"). The shares will be transferred following the necessary approval of the relevant authorities.

Healthcare-Tech possesses know-how and a proven track record from 20 years' experience as one of the leading Supply Processing Distribution (hereinafter "SPD services") companies specializing in medical equipment and pharmaceuticals. The company has been steadily increasing its contract business, mainly for large hospitals in Japan. Healthcare-Tech also provides a range of services to medical organizations, including wholesale of generic pharmaceuticals and import and sales of medical equipment.

AIR WATER is one of the major suppliers of medical gas and hospital facility constructors in Japan. The company provides a wide range of total healthcare services to a number of domestic medical organizations, including SPD Services, contract sterilization services, manufacturing and sales of medical equipment, nursing care services and home medical care services. ITOCHU resolved to transfer part of its share of Healthcare-Tech, recognizing collaboration with AIR WATER in SPD Services as the best opportunity to accelerate the growth of Healthcare-Tech.

In a joint effort with AIR WATER, ITOCHU will continue to improve the corporate value of Healthcare-Tech and to create a new business model of high value, taking advantage of the know-how it has accumulated during its many years in the medical industry, and its procurement ability based on its domestic and international networks.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ITOCHU CORP
03/24 ITOCHU : Personnel Change (PDF 27KB)
03/24 ITOCHU : Promotion of UNEEDNOW, an AKB48 Group-certified EC fashion brand for wh..
03/16 ITOCHU : Announces Establishment of Cross-Border EC Management Company SAKURA Li..
03/15 ITOCHU : Announces “Art of the Rough Diamonds” Exhibition, a New Pro..
03/13 ITOCHU : Forms Capital Tie-Up with ABEJA to Participate in In-Store Analytics Bu..
03/13 ITOCHU : Announces a New Exhibition at ITOCHU AOYAMA ART SQUARE, FEEL THE Mucha ..
03/09 ITOCHU : Promotes the Project to Support Returning Amazonian Manatees to the Wil..
03/03 ITOCHU : Personnel Changes (PDF 70KB)
03/02 ITOCHU : Announces Joint Ownership of U.S. Brand Penfield’s Trademark
02/27 ITOCHU : Announces New Exhibition at ITOCHU AOYAMA ART SQUARE “LOVE IT!&rd..
More news
Sector news : Diversified Trading & Distributing
03/24 SAMSUNG ELECTRONICS : says it did not provide any illegal financial support
03/24 SAMSUNG ELECTRONICS : says will further improve transparency to shareholders
03/03 SAMSUNG ELECTRONICS : Star-studded legal team will seek to save Samsung chief
02/28 SAMSUNG C&T : Group chief charged with bribery, corporate nerve centre dismantle..
02/28 SAMSUNG ELECTRONICS : Group says dismantling corporate strategy office
More sector news : Diversified Trading & Distributing
News from SeekingAlpha
02/07 Itochu Corp. ADR 2017 Q3 - Results - Earnings Call Slides
2015 Itochu Management's Unrealistic Goals Look Like A Real Obstacle
Financials ( JPY)
Sales 2017 4 825 457 M
EBIT 2017 -
Net income 2017 375 191 M
Debt 2017 2 455 831 M
Yield 2017 3,57%
P/E ratio 2017 6,79
P/E ratio 2018 6,49
EV / Sales 2017 1,07x
EV / Sales 2018 1,03x
Capitalization 2 697 207 M
More Financials
Duration : Period :
Itochu Corp Technical Analysis Chart | 8001 | JP3143600009 | 4-Traders
Full-screen chart
Technical analysis trends ITOCHU CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 1 853  JPY
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
Masahiro Okafuji President & Representative Director
Eizo Kobayashi Chairman
Hiroyuki Kaizuka Executive Officer & Manager-Operations
Tsuyoshi Hachimura Chief Financial Officer & Representative Director
Hitoshi Okamoto Director, Chief Strategy & Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ITOCHU CORP4.54%24 218
MITSUI & CO LTD2.05%26 439
SAMSUNG C&T CORP--.--%21 790
SUMITOMO CORP10.51%17 068
MARUBENI CORP5.58%10 900
BUNZL PLC10.62%9 715
More Results