Itochu Invests in San Francisco Venture to Chase Anime Merchandise Demand

Itochu Corp. is taking a 40% stake in San Francisco-based character licensing startup Octas, the latest move by a Japanese trading house seeking to capitalize on overseas demand for anime merchandise.

Following Itochu’s investment, Octas will license Japanese characters and work with North American manufacturers and retailers to develop products, people familiar with the matter said, asking not to be named because the talks are private.