ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter "ITOCHU") announced today that, after obtaining the approvals required by laws and regulations, the series of transactions for acquiring additional shares of Hitachi Construction Machinery Co., Ltd. (hereinafter "Hitachi Construction Machinery") as announced on February 19, 2026 was completed today. Hitachi Construction Machinery is scheduled to change its name to LANDCROS Corporation in April 2027.
1. Overview of the Share Acquisition
These transactions were carried out through a structure in which HCJI Holdings, Ltd. (hereinafter "HCJI") acquired all shares of HCJI held by HCJ Holdings (hereinafter "HCJ"), which had jointly owned HCJI together with Citrus Investment G.K. (hereinafter "Citrus") on a 50-50 basis. HCJ is a special purpose company funded by an investment fund managed, operated and advised by Japan Industrial Partners, Inc. (hereinafter "JIP").
2. Overview of HCJI's Acquisition of Treasury Stock
(1)Seller ：HCJ Holdings
(2)Acquisition Price ：134,080 million yen
3. Future Outlook
ITOCHU is currently carefully reviewing the impact of this matter on its consolidated financial results for the fiscal year ending March 31, 2027. Details will be explained in the FY2026 Management Plan scheduled to be announced on May 1, 2026.
Going forward, ITOCHU will continue to accelerate its collaboration with Hitachi Construction Machinery in key regions, including the North American market, and contribute to the strengthening of Hitachi Construction Machinery's management base and the enhancement of its global competitiveness.
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Itochu Corporation published this content on April 15, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 15, 2026 at 06:35 UTC.
Itochu Corp is a Japan-based company mainly engaged in the trading business. Food segment produces, distributes and sells food products. Energy & Chemicals segment trades and operates in the fields of energy, chemicals and electricity. Living & Lifestyle segment operates in the fields of living materials and logistics, as well as real estate. Machinery segment engages in the infrastructure-related business, power generation and other businesses. Metals segment engages in metal mineral resource development, steel product processing, trade of iron, ore and coal, non-ferrous metals and light metals and steel products. Information & Financial segment engages in information technology (IT) solutions, mobile distribution and services in the information and communications field, as well as financial services and insurance businesses. Textile segment engages in global business in goods from textile raw materials, yarns and fabrics to clothing. Eighth segment collaborates with other segments.
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