ITOCHU Announces Donation of Land to Numazu City

December 25, 2012

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that it has decided to donate land located in Nishiura, Numazu, Shizuoka, covering a total area is approximately 2.32 million square meters, to the Numazu city government (Mayor: Hiroyasu Kurihara). ITOCHU had been in discussions with the city on effective use of the land, and it was resultantly deemed that donation would enable the city to make use of it in ways including those listed below, which will contribute to development of Numazu’s municipal government.

Proposed uses of the land enabled by the donation

1) There is concern over potentially catastrophic damage from a large-scale earthquake anticipated to occur around the Nankai Trough. The land, which is located on a hill, is expected to be used as a site for building disaster prevention facilities and as a safe haven for local residents in the event of an earthquake and tsunami. This also complies with Numazu’s administrative policy that states: “We will protect the lives of our citizens.”

2) The land will be integrated with the Citizens’ Forest Park and existing hiking courses adjacent to it. This will provide citizens with a wider space for recreation, contributing to promotion of their good health.

3) The surrounding area, including the land, is a lush green mountain forest blessed with abundant nature. Donation of the land will thus contribute to the city’s call for preserving Numazu’s forests.

Outline of land to be donated

Location Masakizawa, Nishiura Kochi, Numazu City, Shizuoka, and others
Area Approx. 2.32 million square meters