# Who does Itochu pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/itochu · Facet: suppliers · Updated: 2026-10-14T16:08:35.134+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Itochu discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 2 of them primary filings (as of 2026-10-14).

### FamilyMart (제8컴퍼니, 지분 94.7%) (high)
- metric: Market share 94.7%
- note: 94.7% of FamilyMart, the core subsidiary of The 8th Company — Itochu consolidates (not equity-methods) its ~16,400 stores to take the retail cash flow directly, and lifts footfall and payment data through retail DX (digital signage, Seven Bank ATMs). It is the heart of Itochu's consumer axis.
- [confirms] ITOCHU (EN, filing, published 2026-06-12) https://www.itochu.co.jp/en/ir/download/__icsFiles/afieldfile/2026/06/12/FIR2026E.pdf: "FamilyMart Co., Ltd. 94.7%; ~16,400 stores nationwide."
- [confirms] ITOCHU (EN, filing, published 2026-05-08) https://www.itochu.co.jp/en/files/26_ended_02_e.pdf: "The 8th (FamilyMart) net profit 45.0 (FY ended Mar 2026)."

### 히타치건설기계 (지분 확대) (high)  → /hitachi-construction-machinery.md
- metric: Market share 33.4% · FY2026 Q1 · ITOCHU consolidated ownership
- note: ITOCHU raised its Hitachi Construction Machinery ownership through HCJI and Citrus from 20.4% to 33.4% in Q1 2026, investing JPY 134.1 billion to deepen synergies including North American finance.
- [confirms] ITOCHU (EN, filing, published 2026-08-03) https://www.itochu.co.jp/en/ir/download/__icsFiles/afieldfile/2026/08/03/27_1st_02_e_1.pdf: "Ownership increased from 20.4% to 33.4% with JPY 134.1 billion invested."
- [confirms] ITOCHU (EN, filing, published 2026-06-12) https://www.itochu.co.jp/en/ir/download/__icsFiles/afieldfile/2026/06/12/FIR2026E.pdf: "ITOCHU increased its stake in Hitachi Construction Machinery; figures include net profit from HCM."
- [confirms] ITOCHU (EN, filing, published 2026-05-08) https://www.itochu.co.jp/en/files/26_ended_02_e.pdf: "Citrus Investment: higher shareholding ratio of Hitachi Construction Machinery."

### CITIC Limited (중신·지분 20%) (high)  → /citic-limited.md
- metric: Market share 20%
- note: The 2015 acquisition of 20% of CITIC with CP for ~USD 10.4bn — the largest-ever investment by a Japanese trading house — was not a mere stake but wholesale equity-method exposure to the financial and industrial cash flows of China's biggest SOE, epitomizing Itochu's 'compound via business investment, not trading' model.
- [confirms] ITOCHU (EN, filing, published 2026-05-08) https://www.itochu.co.jp/en/files/26_ended_02_e.pdf: "CITIC Limited: stable performance in comprehensive financial services."
- [confirms] ITOCHU (EN, news, published 2015-01-20) https://www.itochu.com/us/en/news/2015/1195776_3427.html: "ITOCHU and CP agreed to invest in CITIC, gaining a 20% stake — the largest investment by a Japanese trading company."

### 철광석·제철용탄·LNG·원유 상류 권익 (high)
- note: Upstream interests — Fitzroy coking coal, IMEA iron ore, Sakhalin crude — are both input cost and a profit swing factor. Output and commodity prices drive segment profit, but Itochu deliberately runs the shallowest such exposure among the majors, and that restraint shows up as relative outperformance when commodity prices fall.
- [confirms] ITOCHU (EN, filing, published 2026-06-12) https://www.itochu.co.jp/en/ir/download/__icsFiles/afieldfile/2026/06/12/FIR2026E.pdf: "Metals & Minerals and Energy resource interests."
- [confirms] ITOCHU (EN, filing, published 2026-05-08) https://www.itochu.co.jp/en/files/26_ended_02_e.pdf: "Fitzroy (Australian coking coal); Iron ore, Coal, Crude Oil non-resource items listed."

### 섬유·소비재 OEM 조달 (Descente·EDWIN) (mid)
- metric: net income 43.3 JPY_bn · FY ended Mar2026
- note: The Asian OEM production network for DESCENTE, EDWIN and Convenience Wear is the cost side — Itochu holds the brands via equity method/consolidation and outsources production, showing textiles evolving from a plain trading spread into an investment-led consumer business.
- [confirms] ITOCHU (EN, filing, published 2026-05-08) https://www.itochu.co.jp/en/files/26_ended_02_e.pdf: "Textile net profit 43.3; OEM business including Convenience Wear; EDWIN casualwear expansion; DESCENTE."

Reverse side: https://valuechain.wiki/itochu/customers.md · Ripple: https://valuechain.wiki/itochu/ripple.md

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Full node: https://valuechain.wiki/itochu.md · JSON: https://valuechain.wiki/itochu.json