BP Castrol K.K.
Notice Regarding Change of Parent Company
Effective October 30, 2026, the parent company shifts from bp p.l.c. to a new structure centered on Motion JVCo Limited and Stonepeak Motion Holdco Limited. Motion JVCo Limited becomes the new parent company, with Stonepeak Motion Holdco Limited forming a controlling relationship as the parent of that company. The trademark license agreement is being revised to establish a structure that allows continued use of the bp trademark.
Key Figures
- Motion JVCo Limited 65%, Motion Holdco Limited 35% (investment ratio)
- Additional provisions regarding the revision of the bp trademark license were executed in September 2026
- Effective date of change: 2026-10-30
AI要約
Overview of Change of Parent Company
As of October 30, 2026, bp p.l.c. ceased to be the parent company of the Company. The new parent company structure is centered on a joint venture spearheaded by Motion JVCo Limited (65% shareholding) and Stonepeak Motion Holdco Limited (35% shareholding), with Motion JVCo Limited serving as the core. As a result, the Company's parent company will change. This entails a reorganization of the Company's control structure, and the non-listed parent companies Motion JVCo Limited and Stonepeak Motion Holdco Limited will be subject to disclosure.
Impact and Future Actions
There is currently no material direct impact on business operations or performance due to this change, and any matters requiring disclosure will be announced promptly as they arise. The trademark license agreement assumes use of the bp trademark, and a review has been conducted in connection with the change of bp's parent company. Through sublicensing of the bp trademark via Castrol Limited, a framework has been established to enable continued use of the bp trademark.
BP Castrol K.K.
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