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Itochu Corporation and JR East Japan Announce Merger of Real Estate Business
April 15th, Itochu Corporation and East Japan Railway Company (JR East) announced they will merge their real estate subsidiaries—Itochu Urban Development and JR East Real Estate.
The merger is expected to officially take effect on October 1, 2026.
The new company formed after the merger will be owned 60% by JR East and 40% by Itochu Corporation.
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