ITOCHU and Ishimori Group to Establish Media Joint Venture

ITOCHU and Ishimori Group to Establish Media Joint Venture: "ITOCHU and Ishimori Group to Establish Media Joint Venture

Tokyo (JCNN) - ITOCHU Corporation (TSE: 8001), Ishimori Shotaro Pro Inc., one of the major Manga productions in Japan, and Ishimori Pro Inc. have signed an agreement to establish Ishimori Entertainment Inc., a joint venture company that will introduces the 'Ishimori World' to its fans.

The new company, Ishimori Entertainment Inc., is planning to produce movies, TV programming, publications, and to develop merchandising business based on the titles of Shotaro Ishinomori. Ishimori Entertainment aims to achieve a turnover of 1.5-2.0 billion Yen every year.

Shotaro Ishinomori's works consist of more than 300 titles, including his most important works such as'MASKED RIDER', 'Cyborg009', 'HOTEL', 'KIKAIDER', and 'GORENGER'. In particular, MASKED RIDER is one of the most popular heroes among the children in Japan.

ITOCHU will hold 49% of its shares, Ishimori Pro and Ishimori Shotaro Pro will own 41% and 10%, respectively."