ITOCHU Announces Completion of Investment in Aviation Capital Group LLC

November 12, 2026

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “ITOCHU”) announced today that it has completed a series of transactions relating to its investment in Aviation Capital Group LLC (hereinafter “ACG”), as announced on August 3, 2026, following the receipt of all necessary regulatory approvals and authorizations.

Transaction Overview

ITOCHU invested in ACG by acquiring a 50% equity interest in TC Skyward Aviation U.S., Inc. (hereinafter “SKY-U”), which was wholly owned by Tokyo Century Corporation (headquartered in Chuo-ku, Tokyo; Koji Fujiwara, President & CEO; hereinafter “Tokyo Century”) prior to the transaction. Following completion of the transaction, ITOCHU and Tokyo Century transitioned to a joint management structure for ACG.

（1）Acquisition target: TC Skyward Aviation U.S., Inc.
（2）Acquisition price: USD 1,946 million

Against the backdrop of medium- to long-term growth in air passenger demand, ITOCHU regards aviation-related businesses as a growth area. Through its investment in ACG and the joint management with Tokyo Century, ITOCHU will position ACG as the core platform for its aviation-related businesses, support ACG’s medium- to long-term growth, and seek to further expand the existing businesses of both groups and create new business opportunities.

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