09/28/2022 | Press release | Distributed by Public on 09/28/2022 04:11
HONDA GIKEN KOGYO KABUSHIKI KAISHA (HONDA MOTOR CO., LTD.) |
/s/ Masaharu Hirose |
Masaharu Hirose |
General Manager |
Finance Division |
Honda Motor Co., Ltd. |
Date: September 28, 2022
[Translation]
September 28, 2022
To: | Shareholders of Honda Motor Co., Ltd. | |
From: | Honda Motor Co., Ltd. | |
1-1, Minami-Aoyama 2-chome, | ||
Minato-ku, Tokyo, 107-8556 | ||
Toshihiro Mibe | ||
Director, President and Representative Executive Officer |
Announcement Regarding the Completion of Procedures for the Establishment
of a Joint Venture with Sony Group Corporation in the Mobility Field
Honda Motor Co., Ltd. ("Honda") today completed procedures for the establishment of Sony Honda Mobility Inc., a joint venture with Sony Group Corporation, as previously announced on June 16, 2022 in the notice entitled "Announcement Regarding the Signing of a Joint Venture Agreement with Sony Group Corporation in the Mobility Field."
Although this joint venture has become an affiliate of Honda accounted for using the equity method as a result of the completion of the procedures, it is not anticipated to have a material impact on Honda's consolidated financial results for the fiscal year ending March 31, 2023.
New Company Overview
Company name | : | Sony Honda Mobility Inc. | ||
Location | : | Tokyo, Japan | ||
Capital | : | 10 billion yen | ||
Investment ratio | : | Sony Group Corporation 50%, Honda Motor Co., Ltd. 50% | ||
Members of the board | : | Yasuhide Mizuno, Representative Director, Chairman and CEO | ||
Izumi Kawanishi, Representative Director, President and COO | ||||
Shugo Yamaguchi, Director and Deputy President | ||||
Kojiro Okabe, Director and Executive Vice President | ||||
Manabu Ozawa, Director (Honda Motor Co., Ltd.) | ||||
Naoya Horii, Director (Sony Group Corporation) |
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