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Itochu-Shokuhin Co., Ltd. ( (JP:2692) ) has provided an update.
ITOCHU-SHOKUHIN Co., Ltd. has announced its relationship with its controlling shareholder, ITOCHU Corporation, which owns a majority stake in the company. The announcement highlights the company’s independent decision-making despite being a consolidated subsidiary. The involvement of executives from ITOCHU Corporation in ITOCHU-SHOKUHIN’s operations is expected to enhance corporate value through informed decision-making and auditing. The company also engages in transactions with ITOCHU Corporation, including leasing agreements and procurement of goods, with terms set based on market conditions.
More about Itochu-Shokuhin Co., Ltd.
ITOCHU-SHOKUHIN Co., Ltd. operates within the food distribution industry and is a consolidated subsidiary of ITOCHU Corporation, which holds 52.6% of its voting rights. The company is part of the Food segment of ITOCHU Corporation’s business operations, and it maintains its management and business operations independently, with significant decisions made by a board that includes independent directors.
Average Trading Volume: 31,044
Technical Sentiment Signal: Buy
Current Market Cap: Yen126.4B
Learn more about 2692 stock on TipRanks’ Stock Analysis page.