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 | 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
0
Latest news on ITOCHU CORP
04/25 [GENERAL PRODUCTS & REALTY] ITOCHU A : Will Develop International Dormitory for ..
04/11 ITOCHU : Announces a Capital and Business Alliance with GRID Inc., an AI tech so..
04/11 ITOCHU : Toppan Printing and ITOCHU enter flexible packaging business in Thailan..
04/11 ITOCHU : President's Message at the 2017 New Employees' Initiation Ceremony
04/11 ITOCHU : Announces Running of New Television Commercials to Promote Its Corporat..
04/11 [CSR] ITOCHU ANNOUNCES “BICYCL : Yagami Collection That Has Never Been Dis..
03/31 ITOCHU : Announces the Completion of the I MISSIONS PARK Moriya Multi-Tenanted L..
03/31 ITOCHU : Starts Working on Construction of Chiba Normal Temperature Center, a Lo..
03/31 ITOCHU : Announces Business / Capital Alliances with ietty inc., an Online Real ..
03/29 ITOCHU : Dole accepts trophy for winning parade entry
More news
Sector news : Diversified Trading & Distributing
04/18 MITSUI : South32 scraps $200 million Australian coal acquisition from Peabody
04/05 MITSUI : BHP declares force majeure on cyclone-hit Australian coal exports
04/04 FTSE leads European peers as energy and industrials stocks gain
03/31 Samsung Group boss earned $1 million at flagship in first quarter, shows firs..
03/24 SAMSUNG ELECTRONICS : says it did not provide any illegal financial support
More sector news : Diversified Trading & Distributing
News from SeekingAlpha
04/20 Geothermal Power - Ormat Technologies, Toshiba And ENGIE Have Major Projects ..
02/07 Itochu Corp. ADR 2017 Q3 - Results - Earnings Call Slides
2015 Itochu Management's Unrealistic Goals Look Like A Real Obstacle
Advertisement
Financials ( JPY)
Sales 2017 4 825 457 M
EBIT 2017 -
Net income 2017 375 391 M
Debt 2017 2 455 383 M
Yield 2017 3,76%
P/E ratio 2017 6,45
P/E ratio 2018 6,15
EV / Sales 2017 1,04x
EV / Sales 2018 1,00x
Capitalization 2 562 513 M
More Financials
Chart ITOCHU CORP
Duration : Period :
Itochu Corp Technical Analysis Chart | 8001 | JP3143600009 | 4-Traders
Full-screen chart
Technical analysis trends ITOCHU CORP
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 1 862  JPY
Spread / Average Target 21%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Masahiro Okafuji President & Representative Director
Eizo Kobayashi Chairman
Hiroyuki Kaizuka Executive Officer & Manager-Operations
Tsuyoshi Hachimura Chief Financial Officer & Representative Director
Hitoshi Okamoto Director, Chief Strategy & Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ITOCHU CORP-0.68%23 004
MITSUBISHI CORP-5.15%33 630
MITSUI & CO LTD-3.36%25 030
SAMSUNG C&T CORP--.--%22 152
SUMITOMO CORP5.78%16 335
TOYOTA TSUSHO CORP9.38%10 568
More Results