ITOCHU Announces Establishment of UFI FUTECH
FamilyMart UNY Holdings to Promote Fintech-related Businesses
September 1, 2017
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced that FamilyMart UNY Holdings Co., Ltd. (headquartered in Toshima-ku, Tokyo; Koji Takayanagi, Representative Director and President; hereinafter “FamilyMart UNY”) and ITOCHU have today established a new company called UFI FUTECH (denoting UNY FamilyMart ITOCHU future technology), which was renamed from famima.com Co., Ltd., with the aim of promoting the fintech-related businesses of FamilyMart UNY.
Objective and Purpose
Today, FamilyMart UNY restructured itself to improve its functions and governance.
FamilyMart Co.,Ltd. then transferred all shares of famima.com Co., Ltd. held by FamilyMart Co., Ltd. to FamilyMart UNY, and famima.com Co., Ltd. was renamed UFI FUTECH.
FamilyMart UNY and ITOCHU will strengthen their ties, including personnel exchanges, and operate fintech-related businesses such as electronic money, credit cards, shopping points, and IDs in corporation with UNY, FamilyMart, and other group companies through UFI FUTECH.
Company Profile
| Name | UFI FUTECH Co., Ltd. |
|---|---|
| Location | 3-1-3 Higashi Ikebukuro, Toshima-ku, Tokyo |
| Title and Name of Representative | Takashi Sawada, President |
| Business Lines | • Operation of fintech-related businesses, including electronic money, credit cards, shopping points, and IDs • Service business, entertainment business, and marketing solution business |
| Capital | 400 million yen |
| Date of Establishment | May 19, 2000 |
| Major Shareholders and Percentage of Shareholdings | FamilyMart UNY Holdings Co., Ltd.: 72.33% ITOCHU Corporation: 27.67% |