ITOCHU Announces Completion of Investment in Hitachi Construction Machinery Co., Ltd.

August 23, 2022

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter "ITOCHU") announced today that it completed investment in Hitachi Construction Machinery Co., Ltd. (headquartered in Taito-ku, Tokyo; Kotaro Hirano, President and Executive Officer, CEO; hereinafter "Hitachi Construction Machinery") jointly with Japan Industrial Partners, Inc. (headquartered in Chiyoda-ku Tokyo; Hidemi Moue, hereinafter "JIP"), information on which was included in a timely disclosure on January 14, 2022 and June 24, 2022.
Going forward, through a capital alliance with Hitachi Construction Machinery, ITOCHU will engage in business collaboration in many regions including the United States and a broad range of business areas, while simultaneously continuing to promote the creation of synergies with existing businesses and the development of businesses through the expansion of value chains.

For Reference

■Timely disclosure on January 14, 2022
Announcement in Relation to Capital Alliance with Hitachi Construction Machinery Co., Ltd. and a Change in Specified Subsidiaries

■Timely disclosure on June 24, 2022
(Amendments) Announcement Relating to Amendments to “Announcement in Relation to Capital Alliance with Hitachi Construction Machinery Co., Ltd. and a Change in Specified Subsidiaries”