ITOCHU Corporation
Notice of Basic Agreement on SKY-U equity acquisition through joint investment with Tokyo Century and participation in ACG
The decision to participate in ACG through acquiring SKY-U stake of approximately 1.946 billion USD and to establish a joint management structure with Tokyo Century. Post-acquisition, SKY-U will be jointly operated 50:50 by both parties, aiming to expand the aircraft leasing business through a capital alliance.
Key Figures
- Acquisition price: 1,946 百万米ドル
- SKY-U stake: 50%
- Post-acquisition transition to ACG joint management
- Total subscription amount for debt-type convertible shares: 10,000 百万円
AI要約
Overview
Itochu Corporation will acquire 50% of SKY-U, a subsidiary of Tokyo Century, and participate in ACG to strengthen the core platform for aircraft leasing, entering into a basic agreement. The acquisition price is about 1,946 million USD, and SKY-U will transition to joint management with ACG after the acquisition. Through capital and management partnership with Tokyo Century, the company aims to expand its leasing business and enhance financing capabilities.
Future schedule and impact
Final agreement is planned for August 2026, SKY-U share acquisition is planned for November 2026. Subscription for the debt-type convertible shares will also be conducted on the same schedule, subject to the execution of the agreed contracts. The group expects to incorporate a net income attributable to owners of parent of 9,500 hundred million yen into the consolidated results for the fiscal year ending March 2027.
Itochu Corporation
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