In this paper, we mainly concentrate on the exact solutions of the (3+1)-dimensional Ito equation. Applying the parametric limit method, the breathing wave solutions derived with the three-wave approach are degenerated into lump solutions. Then, the Y-type soliton solutions are constructed based on the N-soliton solutions. Next, employing the parametric complex conjugation technique, the N-soliton solutions are transformed into P-breathing wave solutions. Finally, the interaction solutions between breathing waves and Y-type solitons are investigated by the partial degeneration of Y-type soliton solutions.