ITOCHU Announces Acquisition of Shares in Century Tokyo Leasing Corporation
May 27, 2011
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that ITOCHU has been purchasing shares in an equity method affiliate, Century Tokyo Leasing Corporation (1st Section, Tokyo Stock Exchange: code: 8439; hereinafter Century Tokyo Leasing) since March to raise its shareholding. As a consequence, ITOCHU’s shareholding was as shown below as of May 26, 2011.
|Number of shares held||Ratio to total number of outstanding shares of Century Tokyo Leasing|
With the purchase of shares made this time, ITOCHU has acquired 5.00% voting rights in Century Tokyo Leasing.*
ITOCHU is considering the possibility of boosting its cooperation with Century Tokyo Leasing through the expansion of transactions with ITOCHU Group companies and the promotion of collaborative business that makes use of domestic and overseas networks.
- The parameter of this calculation is the number of voting rights held by all shareholders as of December 31, 2010 (1,064,452), as stated in Century Tokyo Leasing’s quarterly report for the third quarter of the 42nd term submitted on February 7, 2011.