Itochu Corp plans to enter data-center development, investing several hundred
billion yen through 2030 to build about 10 facilities in Japan and lease
capacity to U.S. tech giants and other corporate clients. Sites targeted include
the Tokyo and Osaka metropolitan areas and Kyushu. Each center is expected to
have roughly 50 MW of power capacity; Itochu aims to bring one to two projects
online per year. The scheme will sit within Itochu’s real-estate business—Itochu
will acquire land and construct the centres, then sell completed assets to third
parties to boost asset efficiency.