ITOCHU Corporation (Public, TYO:8001) is a Japanese general trading concern based in Chuo-ku, Osaka and Minato, Tokyo. It has a common origin with Marubeni Corporation.
After various mergers and acquisitions, it was incorporated in 1918 and again in 1949. It now ranks as one of the largest sogo shosha companies in Japan and among the world's largest companies; it has 1,027 subsidiaries and associated companies operating in over 80 countries.
ITOCHU Corporation is a Japan-based trading company engaged in seven business segments: Textile; Machinery; The Aerospace, Electronics & Multimedia; The Energy, Metals & Minerals; The Lifestyle & Chemical; The Food; The Financial, Real Estate, Insurance and Logistics.
Fishing deal with China would settle maritime dispute Philippines
A joint fishing agreement reportedly being discussed between China and the Philippines is deemed a significant step forward in the relations between the two countries after an old maritime sovereignty dispute.