BUSINESS OUTLINE

Business Outline of the ITOCHU GroupThe businesses of the ITOCHU Group comprehensively encompass upstream raw materials business areas through todownstream retail business areas, enabling it to provide a wide variety of goods and services that support people’s
everyday lives. In order to advance businesses worldwide, we make the fullest use of our capabilities as a Sogo
Shosha. In other words, we trade, invest in businesses, and add value to these businesses through their overall
coordination. Further, a feature of the ITOCHU Group is its well-balanced business portfolio, which covers a broad
range of industries and business areas.

Trading
Trading is our core capability. It is to findin-demand, quality goods and services
worldwide, purchase them, add value tothem, and deliver them to places where
they are in demand. Delivering quality
goods and services to those who needthem helps enrich everyone’s life physicallyand spiritually and realizes our mission
Committed to the global good.

Business Investment
As well as trading, the ITOCHU Group develops businesses
across a wide area by investing in or acquiring companies inkey business areas and participating in their management.
Those initiatives include upstream raw materials and natural
resources development, midstream manufacturing andprocessing, and downstream retailing. By drawing on our
diverse capabilities and deploying personnel, capital, andexpertise to develop businesses, we strengthen group
corporate management and build sound value chainslinking upstream through to downstream businesses.

Committedto theglobal good
Resource
development
and materials
procurement

ITOCHUGroup
Retailingand services

Wholesaling

23ITOCHU Corporation CSR Report 2009

Manufacturing
and processing

■ Organizational structure(as of April 1, 2009)

CFO● CFO Office● Audit Division

General Meeting of Stockholders

CCO● Secretariat

C IO

Board of Directors Board of CorporateAuditors
Corporate Auditors
President andC. E. O.

Corporate Auditors’
OfficeChief Corporate Planning Officer● Corporate Planning & Administration Division ● Affiliate Administration Division● Corporate Communications Division ● IT Planning Division● Research & Policy Analysis Division ● ITOCHU DNA Project Office ● IR Department

Chief Officer for Human Resources,
General Affairs, Legal● Human Resources Division ● General Affairs Division ● Legal Division● Trade & Logistics Administration Division

Chief Officer for Finance, Accounting,
Risk Management● Financial Division ● General Accounting Control Division● Business Accounting & Control Division ● Risk Management Division

Domestic Office

Division Companies

HMC
HMC: Headquarters Management
Committee
CFO: Chief Financial Officer
CCO: Chief Compliance Officer
C I O: Chief Information Officer

Directors, Auditors& ExecutiveOfficers Meeting

Chief Officer for New Business
Development (LINEs)
Chief Operating Officer,
International Operations● Healthcare Business Department ● Solar Business Department● Innovative Technology Business Development Office ● Corporate Development Office● International Operations Division

Overseas Office■ Overview of Division Companies

Chief Officer forKansai District Operations

ITOCHU Corporation adopts a Division Company system in which each Division Company is responsible for corporate management inits business area. The resulting fast, flexible decision making enables us to operate businesses that cater to demand in a wide range ofindustries and business areas.
Summary of business

Major products and services

Textile Company
The Division Company globally develops businesses that range from raw materials to apparel and fashion goods and its
activities cover a broad spectrum of consumer-related businesses. While the Textile Company expands brandbusinesses, which is one of its core businesses, to overseas market, it also promotes further development of advanced
technologies and focuses on new sales channels such as television and Internet shopping. By taking on the challengesof creating new business models, the Company aims to gain stable earnings and continuous growth.

Machinery Company
With a mission to contribute to the development of local communities and international society, the Machinery Company
develops infrastructure overseas as well as investing in businesses and trading in areas that include automobiles, ships,
construction machinery, and industrial machinery. Also, the Division Company develops environment-friendly
businesses, including trading in equipment related to water resources, environment and energy conservation, and thedevelopment of businesses related to renewable and alternative energy sources.

ICT, Aerospace & Electronics Company (former Aerospace, Electronics & Multimedia Company)
The Division Company contributes to the safety and convenience of society as well as to an improved efficiency throughefforts in businesses of a broad scope ranging from IT services, media contents and the mobile business in the ICT &Media Division up to the sales or lease of aircraft, aerospace-related equipment, equipment related to security andelectronic systems, as well as the field of industrial machinery in the Aerospace & Industrial Systems Division.

Textile raw materials, industrial
textiles, textiles, apparel, fashion
goods, branded products and services
such as apparel, food, and living

Gas, oil and petrochemical plants,
ships, automobiles, railway rollingstock, power generation equipment,
construction machinery, industrial
machinery, equipment related to water
resources, environment, and energy
conservation
Entertainment and content business,
mobile telephone business, IT services
and related equipment, computer/information processing equipment andsystem, e-business, aircraft &aerospace equipment, security andelectronic system equipment, industrialmachinery

Energy, Metals & Minerals Company
Centered on business investment and trading, this Division Company is involved in the development and stable supply ofmineral resources and energy, natural resource recycling business, and the development of new energy that minimizes
the environmental burden. The Division Company provides stable supplies of mineral resources and energy to Japan andother countries and contributes to the economic development of resource-producing countries and the creation of arecycling society through resource recycling.

Chemicals, Forest Products & General Merchandise CompanyThe Division Company consists of the Forest Products & General Merchandise Division which handles housing materials,
pulp and paper, crude rubber, tires and other materials in consumer-related businesses related to “living andconsumption,” and the Chemicals Division which handles a wide family of products ranging from resource-based raw
materials up to medical products and electronic materials. Striving to develop businesses closely tailored to customer
needs on a broad basis, from upstream industries through to downstream consumers, this Division Company is also
aggressively pushing an expansion into new fields such as medical care, the environment and new energies.

Food Company
The Division Company combines trading and business investment in Japan and overseas to develop food value chainsthat extend from food resource development, production, and processing through to intermediate distribution andretailing. The Food Company’s mission is to protect people’s lives by providing a stable supply of safe food.

Finance, Realty, Insurance & Logistics Services Company
The Financial & Insurance Services Division advances business in the areas of corporate financial solutions, insurance
and reinsurance agent businesses, etc. The Construction & Realty Division is engaged in businesses including thedevelopment of housing, logistics facilities, commercial facilities, and office facilities that uses real estate securitization
methods (real estate funds). The Logistics Services Division is responsible for logistics inside and outside the ITOCHU
Group. In particular, the Division is developing integrated logistics value chains overseas.

Major group companies

Reportpage● ITOCHU FASHION SYSTEM Co., Ltd.
● ROY-NE CO., LTD.

● JOI’X CORPORATION● ITOCHU TEXTILE (CHINA) CO., LTD.

P25

● Prominent Apparel Ltd.
● Sankei Co., Ltd.

● ITOCHU Plantech Inc.

● ITOCHU Automobile Corporation● ITOCHU CONSTRUCTION

MACHINERY CO., LTD.

● MCL Group Limited

P27● ITOCHU Automobile America Inc.

● Century Tokyo Leasing Corporation● ITOCHU Aviation Co., Ltd.

● ITOCHU Techno-Solutions Corporation● Excite Japan Co., Ltd.

● ITC NETWORKS CORPORATION● NANO Media Inc.

P29

● SPACE SHOWER NETWORKS INC.
● ITOCHU Sanki Corporation● ITOCHU Metals CorporationCrude oil, petroleum products, LPG,LNG, nuclear fuel, iron ore, coal,aluminum, steel scrap, steel products,
DME related products● ITOCHU Minerals & Energy of Australia

Pty Ltd● ITOCHU Oil Exploration (Azerbaijan)

Inc.

P31

● Marubeni-Itochu Steel Inc.
● ITOCHU ENEX CO., LTD.

Housing materials, logs and lumber,chips, pulp, paper, crude rubber, tires,
ceramic products, shoes, basic
chemicals, fine chemicals, medical
products, inorganic chemicals,
plastics, various consumer products
Wheat, barley, flour, rice, starch, vegetableoil, soybeans, corn, soybean oil, rapeseedoil, sugar, sweeteners, isomerized sugar
syrup, dairy products, coffee, liquor,cacao, fruit juice, beverages, marine
products, livestock products, fruit andvegetables, frozen vegetables, frozen
seafood, commercial-use ingredients,
processed food, confectionery, frozen
food, canned food, pet foodForeign exchange, credit cardbusiness, fund (securitization)business, insurance agent businessand insurance broker business, realestate securitization business,housing-related business, international
general logistics● ITOCHU KENZAI CORPORATION● ITOCHU PULP & PAPER CORP.

● ITOCHU CHEMICAL FRONTIERCorporation● ITOCHU PLASTICS INC.

P33

● C.I. KASEI CO., LTD.

● DAIKEN CORPORATION● TAKIRON Co., LTD.

● ITOCHU-SHOKUHIN Co., Ltd.
● NIPPON ACCESS, INC.
● Japan Foods Co., Ltd.
● FUJI OIL CO., LTD.

● FamilyMart Co., Ltd.

P35

● YOSHINOYA HOLDINGS● Yayoi Foods Co., Ltd.

● ITOCHU Finance Corporation● ITOCHU PROPERTY DEVELOPMENT, LTD.
● ITOCHU Urban Community Ltd.

● CENTURY 21 REAL ESTATE OF JAPANLTD.

P37● i-LOGISTICS CORP.
● Orient Corporation

ITOCHU Corporation CSR Report 200924