Trading house Itochu Corp has agreed to buy up to ¥2bn (US$15m) worth of new shares in beleaguered dairy product maker Snow Brand Milk Products.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


It has not yet been decided at what price Itochu will buy the shares. The move is part of Snow Brand’s turnaround plan, which includes borrowing ¥50bn from creditor banks and huge redundancies.


Snow Brand will also issue ¥10bn worth of new shares through a third-party allocation, including shares already earmarked for the National Federation of Agricultural Cooperative Associations, or Zen-Noh, and Itochu


Snow Brand revealed that Itochu will also purchase an additional stake in SB subsidiary Access Inc., a Tokyo-based food wholesale unit, bringing Itochu’s stake in Yukijirushi to 25% from the current 10%.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now