ITOCHU Corporation Policy to make FamilyMart a wholly owned subsidiary July 8 16:27

ITOCHU Corporation has decided to make FamilyMart, which owns 50.1% of the shares, a wholly owned subsidiary.

In the near future, TOB will carry out a tender offer for shares and raise the shareholding ratio to 100%, strengthening the involvement in management such as analyzing customer data.

The total purchase price is expected to range from 500 billion yen to 600 billion yen.