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Over a Century of Corporate Development and Poised for Further Transformation in the 21st Century 
 

1858
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ITOCHU's founder, Chubei Itoh, commenced linen trading operations at the age of 15.

1872

   

  

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Chubei Itoh establishes the "Benichu" drapery shop in Osaka.

1884

 

 

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An expanded Benichu is renamed "Itoh Honten" (Itoh Headquarters).

1893

 

 

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Chubei Itoh establishes Itoh Itomise (Thread and Yarn Store), to which ITOCHU traces its roots.

1914

 

 

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Itoh Itomise is reorganized under the name C. Itoh & Co.

1918

 

 

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C. Itoh & Co. is transformed into a public stock company-C. Itoh & Co., Ltd.

1929

 

 

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The CI logo is created for use outside Japan.

1949

 

 

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Daiken Co., Ltd., a company created from the merger of trading and manufacturing firms during World War II, sepa- rates into C. Itoh & Co., Ltd., Kureha Cotton Spinning Co., Ltd., Marubeni Co., Ltd., and Amagasaki Nail Works, Ltd.

1969

 

 

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The Company is commissioned to supply a complete oil refinery to Algeria for approximately $70 million, the most expensive Japanese plant export contract at that time. The Company becomes the first Japanese sogo shosha to procure an impact loan from the United Kingdom.

1969

 

 

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To mark the 100th anniversary of its founding, the Company opens the new C. Itoh Head Office building in Osaka.

1971

 

 

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The Company assists in arranging a basic contract for cooperation between General Motors Corporation of the United States and Isuzu Motors, Ltd. of Japan.

1972

 

 

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The Chinese government welcomes C. Itoh as a friendly trading company, the first such recognition given to a Japanese sogo shosha.

1974

 

 

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ITOCHU Foundation is established to commemorate the 25th anniversary of the Company's postwar rebirth.

1977

 

 

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The Company acquires Ataka & Co., Ltd., a sogo shosha involved primarily in steel-related business.

1979

 

 

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The Company receives an order from Saudi Arabia for the construction of the world's largest water desalination plant.

1980

 

 

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The Company completes the construction of a new head office building in the Aoyama district of Tokyo.

1985

 

 

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C. Itoh obtains an order for the construction of the second bridge spanning the Bosporus.

1989

 

 

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Japan's first private-sector communications satellite, JCSAT-1, is successfully launched.

1990

 

 

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The Department of the Global Environment is established and assigned the task of promoting corporate activities that contribute to environmental protection as well as sound economic development.

1991

 

 

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I n preparation for an aggressive expansion of its multimedia business, the Company establishes ties with U.S.-based media giant Time Warner Inc.

1992

 

 

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Implementation of ITOCHU's New CI program leads to a new expression of the official corporate ideals, the adoption of the current English-language name, and the creation of a new corporate logo.

1993

 

 

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Beer production in China begins in cooperation with Asahi Breweries, Ltd.

1995

 

 

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ITOCHU acquires the Yarun power plant, a coal-fired thermal electric power generation facility in Australia.

1995

 

 

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The Company begins participating in the development of three oil fields in Azerbaijan.

1996

 

 

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ITOCHU helps establish Japan's first multichannel digital television broadcasting service, PerfecTV!

1997

 

 

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Division Company system introduced.
ITOCHU becomes the first sogo shosha to receive environmental certificate ISO14001

1998

 

 

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The ITOCHU Group acquires stock in FamilyMart Co.,Ltd.

1999

 

 

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Announced a management plan for the 21st century.
" Executive Officer " post introduced.

2000

 

 

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Tie-up with The Seibu Department Stores, Ltd. Also, capital participation in Seibu Department Stores and YOSHINOYA D&C Co., Ltd.

2001

 

 

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Marubeni-Itochu Steel Inc. established.

2002

 

 

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ITOCHU and the government of China's Shandong Province team up to jointly develop businesses in the province

2003

 

 

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Gambare Japanese Company Fund established.