Oriental Shiraishi Corp Adds Itochu Corp As Related Party Due To Shareholding Increase

TOKYO, Jul 02 (Pulse News Wire) – Oriental Shiraishi Corporation (1786.T) announced that Itochu Corporation became a related party due to an increase in shareholdings exceeding 1%. On July 02, 2026, Itochu Corporation reported acquiring ordinary shares totaling 1,078,200 from Oriental Shiraishi, confirming their voting rights ratio surpassing 1%.

Itochu Corporation, headquartered in Chuo Ward, Tokyo, operates across various sectors including textiles, machinery, metals, energy, chemicals, foodstuffs, housing materials, information technology, and finance. With a capital of ¥253.4 billion, the company was established on December 01, 1949. It currently holds a voting rights ratio of 19.20% in Oriental Shiraishi.

Prior to the acquisition, Itochu Corporation held 249,529 voting rights, representing 19.20% of total shareholder voting rights. Post-acquisition, their holdings increased to 260,311 voting rights, accounting for 20.03%. Both companies signed a capital and business alliance agreement on May 16, 2023, which was amended on June 10, 2026.

They plan to further expand and deepen collaboration in areas such as infrastructure maintenance, digital transformation initiatives, and customer base expansion to enhance long-term corporate value.