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Itochu Corporation Announces Consolidation Of Hoken No Madoguchi Group Inc.

ITOCHU Corporation announced today that it has raised its share ownership to 57.7% of the issued stocks of HOKEN NO MADOGUCHI GROUP INC., which engages in the insurance intermediary business, by acquiring additional shares of HOKEN NO MADOGUCHI. Since its capital and business tie-up with the insurance intermediary business operator in June 2014, ITOCHU has been supporting the business growth of HOKEN NO MADOGUCHI through the gradual acquisition of shares owned by the existing shareholders. HOKEN NO MADOGUCHI has become a consolidated subsidiary of ITOCHU following the latest acquisition of shares.

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