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Non-Resource Strategy Propels ITOCHU to Top
February 05, 2016
By Michael Solomon
 
Thanks to a conscious strategy of minimizing the volatile commodities sector and focusing instead on consumer and other non-resource business, ITOCHU International's parent company ITOCHU Corporation is expected to record the highest profit among Japan's leading trading houses (sogo shosha) for the current fiscal year. A recent article by Bloomberg says that the global commodities slump may result in as much as $13 billion in write downs by the trading houses while ITOCHU, which has only limited exposure to resources, is among the most likely to avoid large write downs.

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