True Data <4416> announced on the 20th that it has entered into a capital and business partnership agreement with Itochu Corporation <8001>.
Through this partnership, both companies will work on the provision of a new service "FOODATA ID-POS powered by True Data" (hereinafter referred to as FOODATA ID-POS) and strengthen the expansion of True Data's ID-POS analysis and disclosure system for Retail Trade called "Shopping Scan".
Through this partnership, the service "FOODATA" provided by Itochu Corporation will be linked with True Data's ID-POS data and analysis system, and the provision of a new service for food manufacturers called "FOODATA ID-POS" will start in January 2025.
FOODATA ID-POS is an analytical system that utilizes the resources of both companies, boasting one of the largest data volumes in the country, advanced analytical capabilities, and practical effectiveness. A range of contract plans and Resistance systems will be offered to meet a wide variety of needs, from companies seeking advanced in-depth analysis to those using ID-POS data for the first time, thereby supporting more food manufacturers in utilizing their data.
Additionally, regarding the ID-POS analysis and disclosure system "Shopping Scan" that True Data has developed for Retail Trade, Itochu Corporation will become a Dealer and promote the expansion of the number of companies using it.