Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
02/14/2013 | 01:43am EST

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
0
Latest news on ITOCHU CORP
01/18 ITOCHU : Organizational Changes (PDF 161KB)
01/13 ITOCHU : Announces ITOCHU Children’s Dreams Fund, Support Project for Disa..
01/12 [OTHER] ITOCHU ANNOUNCES DEVELOPMENT : Body, in Cooperation with NTT DOCOMO; ITO..
01/11 ITOCHU : Announces Its Participation in One of the Largest Offshore Wind Power G..
01/06 SUMITOMO RUBBER INDUSTRIES : Japanese firm buys tyre maker
01/05 ITOCHU : Dole plant to close, 30 workers affected
01/03 ITOCHU : Announces New Exhibition at ITOCHU AOYAMA ART SQUARE The 2nd Art Projec..
01/03 ITOCHU : President's New Year Message for 2017
2016 ITOCHU : Announces a Capital Alliance with CaféX Commuications, Inc and Engageme..
2016 ITOCHU : A.M. Best Affirms Credit Ratings of NEWGT Reinsurance Company, Ltd.
More news
Sector news : Diversified Trading & Distributing
01/19 SAMSUNG ELECTRONICS : South Korea prosecutors undecided on further arrest warran..
01/18 SAMSUNG ELECTRONICS : South Korea special prosecution says deeply regrets court ..
01/18 SAMSUNG ELECTRONICS : Key Samsung shares open up after court dismisses arrest wa..
01/15DJSAMSUNG ELECTRONICS : South Korea Indicts Pension Chief Involved in Samsung Merg..
01/15 SAMSUNG ELECTRONICS : Key Samsung shares steady, market awaits South Korea prose..
More sector news : Diversified Trading & Distributing
News from SeekingAlpha
2015 Itochu Management's Unrealistic Goals Look Like A Real Obstacle
Advertisement
Financials ( JPY)
Sales 2017 4 833 469 M
EBIT 2017 -
Net income 2017 360 581 M
Debt 2017 2 512 737 M
Yield 2017 3,57%
P/E ratio 2017 6,78
P/E ratio 2018 6,51
EV / Sales 2017 1,06x
EV / Sales 2018 1,01x
Capitalization 2 595 771 M
More Financials
Chart ITOCHU CORP
Duration : Period :
Itochu Corp Technical Analysis Chart | 8001 | JP3143600009 | 4-Traders
Full-screen chart
Technical analysis trends ITOCHU CORP
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 1 759  JPY
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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 CORP0.61%22 638
MITSUI & CO LTD2.68%25 836
SAMSUNG C&T CORP--.--%19 835
SUMITOMO CORP2.00%15 302
MARUBENI CORP3.93%10 422
BUNZL PLC1.28%8 866
More Results