Itochu Shokuhin to establish home delivery network system development subsidiary
Itochu Shokuhin Co Ltd will establish a subsidiary that will engage in the home delivery network system development, information system and software development and system administration services, to respond to the growing home delivery demand from retail and distribution businesses as well as from consumers.
The new company will be named Tracer Corporation and will be based on a capital of JPY80 million, 100 percent invested by Itochu Shokuhin. The company is scheduled to be established on December 1, 2006.
