Leveraging our knowledge and networks as a general trading company, we are collaborating with local partners as well as Japanese developers and construction companies to expand overseas. In the US and ASEAN, we have a strong track record with numerous projects in industrial assets such as logistics facilities, factories, and industrial parks; residential assets including rental condominiums and serviced apartments; and investments in offices and hotels.

In the US, the ITOCHU Group is leveraging its expertise in residential development and asset management cultivated in Japan to drive the development of rental apartments, single-family rental houses, and other properties together with local partners. In 2025, we entered into a capital and business alliance agreement with Wood Partners, a major US developer engaged in nationwide development of rental apartments. The housing market in the United States is the largest in the world and it continues to grow, In this market, ITOCHU will continue to proactively expand its business while also seeking to collaborate with its building material business in North America.

In Southeast Asia, ITOCHU will continue to promote its industrial real estate business in areas where demand is expected to increase by leveraging its track record of industrial real estate initiatives developed by the ITOCHU Group domestically and internationally, as well as its global network.

For 30 years, we have been developing, selling and operating industrial parks to support overseas expansion by Japanese companies. In Indonesia, we have been in partnership with the Sinar Mas Group since 1992 to develop and operate Karawang International Industrial City, which has tenants such as Toyota, Daihatsu, Yamaha, Sharp, Ajinomoto, Unicharm, Kao and P&G. In Thailand and Vietnam, we have formed a capital tie-up with AMATA Corporation, a leading industrial park developer.