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Itochu Enex Affirms Independence Amid Parent Company Ownership

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Itochu Enex Affirms Independence Amid Parent Company Ownership

Elevate Your Investing Strategy:

ITOCHU ENEX CO., LTD. ( (JP:8133) ) has issued an announcement.

Itochu Enex Co., Ltd. announced its relationship with its parent company, ITOCHU Corporation, which holds a 55.62% voting stake. Despite being a consolidated subsidiary, Itochu Enex maintains operational independence with a low dependency on the parent company. The company ensures fair transactions with ITOCHU Corporation through a Special Committee to protect minority shareholders.

More about ITOCHU ENEX CO., LTD.

Itochu Enex Co., Ltd. operates in the energy sector, focusing on domestic sales of petroleum products and import-export activities within Japan. It is a core company within the ITOCHU Group, engaging in electric power, environmental, mobility-related businesses, and global projects.

Average Trading Volume: 123,560

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen196.2B

See more insights into 8133 stock on TipRanks’ Stock Analysis page.

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