Itochu: Recent Developments Are Favorable (Rating Upgrade)

ITOCHU Corporation (OTCPK:ITOCF) (OTCPK:ITOCY) [8001:JP] is rated as a Buy. Latest Intellectual Property Acquisition Is Aligned With New Strategy Key Downside Risks According to a prior July 11, 2023 news commentary published in The Japan Times, "more than half of Japanese companies conducting stock splits" between January and early-July last year "outperformed the (benchmark) Topix index a month after announcing the move." Therefore, it is likely that Itochu's shares will outperform going forward, if the c ...