Itochu Corporation Forges Strategic Alliance with Premier Group Co., Ltd. to Enhance Financial Services and Mobility Solutions
Tokyo, Japan – August 8, 2025 – Itochu Corporation, a leading global trading and investment company, announced today the establishment of a comprehensive capital and business alliance with Premier Group Co., Ltd., a prominent player in the automotive finance and related services sector. This strategic partnership, effective immediately, aims to leverage the respective strengths of both organizations to create new value in the evolving financial services and mobility markets.
The collaboration signifies Itochu’s commitment to expanding its footprint in the high-growth financial services and burgeoning mobility sectors. Premier Group, with its established expertise in automotive finance, loan servicing, and a deep understanding of customer needs within the automotive lifecycle, presents a synergistic partner for Itochu’s broader strategic objectives.
Under the terms of the agreement, Itochu will acquire a significant stake in Premier Group, solidifying a long-term commitment to mutual growth and shared success. This investment will provide Premier Group with the capital necessary to accelerate its business expansion, enhance its technological capabilities, and further diversify its service offerings.
The business alliance is designed to foster a multifaceted approach, focusing on several key areas:
- Expansion of Financial Services: Itochu and Premier Group will collaborate to develop and deliver innovative financial products and services tailored to the automotive industry and beyond. This includes exploring new avenues in digital finance, payment solutions, and specialized lending products.
- Synergies in the Mobility Sector: With the rapid evolution of the mobility landscape, including the rise of shared mobility, electric vehicles, and connected car technologies, the partnership will explore opportunities to integrate financial solutions with emerging mobility services. This could encompass financing for new mobility platforms, insurance products, and after-sales services.
- Leveraging Itochu’s Global Network: Itochu’s extensive global network and diverse business portfolio will provide Premier Group with access to new markets, business development opportunities, and cross-sectoral collaborations. This will enable Premier Group to scale its operations and reach a wider customer base.
- Digital Transformation and Innovation: Both companies are committed to driving digital transformation within their operations and service delivery. The alliance will focus on co-developing advanced digital platforms, data analytics capabilities, and customer-centric solutions to enhance efficiency and customer experience.
Mr. Masahiro Ota, President and CEO of Itochu Corporation, expressed his enthusiasm for the partnership, stating, “We are delighted to embark on this strategic journey with Premier Group. Their deep expertise in automotive finance, coupled with our expansive global reach and diverse business capabilities, creates a powerful synergy. We believe this alliance will be instrumental in unlocking new growth opportunities and delivering superior value to our customers in the dynamic financial and mobility sectors.”
Mr. Toshiya Hirano, President and Representative Director of Premier Group Co., Ltd., echoed these sentiments, remarking, “This capital and business alliance with Itochu Corporation marks a significant milestone for Premier Group. Itochu’s strong financial foundation, extensive business network, and forward-looking vision align perfectly with our growth aspirations. Together, we are poised to redefine the automotive finance experience and contribute to the advancement of the broader mobility ecosystem.”
The partnership is expected to foster innovation, enhance service quality, and contribute to the sustainable development of both the financial services and automotive industries. Itochu and Premier Group are committed to working collaboratively to achieve their shared vision and create a more integrated and customer-centric future.
About Itochu Corporation:
Itochu Corporation is a global trading and investment company headquartered in Tokyo, Japan. Founded in 1858, Itochu operates a diverse range of businesses across various sectors, including textiles, machinery, chemicals, food, retail, ICT, finance, and energy. Itochu is committed to contributing to society by pursuing sustainable growth and creating value for its stakeholders worldwide.
About Premier Group Co., Ltd.:
Premier Group Co., Ltd. is a leading provider of automotive finance and related services in Japan. The company specializes in offering a comprehensive suite of financial solutions, including vehicle loans, lease services, and after-sales support, catering to a wide spectrum of individual and corporate customers. Premier Group is dedicated to providing reliable and innovative financial services that enhance the automotive ownership experience.
[情報・金融] プレミアグループ株式会社との資本・業務提携について
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伊藤忠 published ‘[情報・金融] プレミアグループ株式会社との資本・業務提携について’ at 2025-08-08 06:30. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.