ITOCHU Enters into Comprehensive Alliance with Japan Medical Dynamic Marketing Inc., Goodman Co., Ltd. and Century Medical, Inc.
February 25, 2009
ITOCHU Corporation (hereinafter “ITOCHU”) has concluded agreements related to comprehensive business alliance with Japan Medical Dynamic Marketing Inc. (head office: Shinjuku-ku, Tokyo; President: Itsuro Numata; hereinafter “MDM”), Goodman Co., Ltd. (head office: Meito-ku, Nagoya-shi, Aichi; President: Akira Yamamoto; hereinafter “GMC”) and Century Medical, Inc. (head office: Shinagawa-ku, Tokyo; President & CEO: Akira Hoshino; hereinafter “CMI”).
The alliance will seek to promote the medical equipment businesses of ITOCHU, MDM, GMC and CMI through their resources and functions, by building collaborative relations between two companies or among three or four of the companies.
Business efficiency will be improved, with a focus on the following core matters:
- Efficient use of the assets, facilities and infrastructures of each company
- The joint operation, integration and consolidation of the management organizations of each company and mutual utilization, as well as efficiency enhancement
- Mutual cooperation in the sales promotion of products handled by each company
- Sharing and use of domestic and overseas information on new technologies and cooperation in commercializing new products and services
- Mutual support for overseas business development through the use of information, sales networks and other resources related to overseas markets and regulation
The four companies plan to establish a committee to discuss and decide on specific alliance activities.
The Life and Health Care business is one of the important new business sectors cited by ITOCHU in its medium-term management plan Frontier+ 2008, and the Company has established operating and capital alliances with MDM (July 2008) and GMC (September 2008) as part of its initiatives to build and expand the new business. Through the comprehensive alliance announced today, ITOCHU intends to strengthen ties among the four companies, including its own 100% subsidiary CMI, and will continue to consolidate and expand the Life and Health Care business.