Honda Motor Co., Ltd.
Notice Regarding Change in Equity-Method Affiliate (Subsidiarization)
Honda Motor Co., Ltd. has decided to additionally acquire approximately 21% of the shares of Astemo Co., Ltd. from Hitachi, Ltd., thereby making it a consolidated subsidiary.
Key Figures
- Transaction Type: Additional Share Acquisition (Subsidiarization)
- Target Company: Astemo Co., Ltd.
- Transaction Value: 152.3 billion yen
- Expected Completion Date: During the first quarter of the fiscal year ending March 2027
- Anticipated Synergies: Enhancement of SDV development capabilities and cost competitiveness
AI要約
Transaction Overview
Honda Motor Co., Ltd. has decided to additionally acquire approximately 21% of the shares of its equity-method affiliate, Astemo Co., Ltd., from Hitachi, Ltd., thereby making Astemo a consolidated subsidiary. The number of shares acquired is 223,605, with an acquisition price of 152.3 billion yen. As a result, the number of shares held will total 649,521, representing 61.0% of voting rights. The share transfer is scheduled to be executed during the first quarter of the fiscal year ending March 2027, though this may change depending on procedures with competition law authorities and other factors.
Purpose and Background of the Transaction
Astemo possesses high software development capabilities and is promoting the establishment of a rapid development structure for AI and software essential in the era of Software Defined Vehicles (SDV). Honda Motor aims to accelerate the enhancement of SDV development capabilities and cost competitiveness by leading Astemo’s transformation as the parent company, targeting growth as a global mega supplier. Through this, Honda supports Astemo’s growth as a key partner for future SDV development and cost competitiveness improvements.
