ITOCHU : Announces Completion of Investment in Bellsystem24 Holdings, Inc.
October 08, 2014 at 10:33 am IST
Share
Here is body contents.
October 7, 2014
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter "ITOCHU") announced today that it had completed the transfer of shares and the payment of an investment in Bellsystem24 Holdings, Inc. This investment was previously mentioned in the release "Investment in Bellsystem24 Holdings, Inc., Japan's Largest Contact Center Service Provider" announced on July 29, 2014.
ITOCHU will provide its physical support to the management, actively seek to establish synergy within business operations, and thereby contribute to the enhancement of Bellsystem24's corporate value.
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).