Sony Honda Mobility Inc.'s discontinuation of development of the electric vehicle "AFEELA"
Sony Honda Mobility Inc. (business partner; discontinued development of AFEELA) / Fixstars Corporation (reporting company affected by the event)
The electric vehicle "AFEELA" and the autonomous driving AI development area of the project
Sony Honda Mobility Inc.'s discontinuation of development of the electric vehicle "AFEELA"
The second half of the fiscal year ending September 2026 (the period in which orders for the project had been expected)
The impact of this matter on the Company's financial results is minor. If circumstances arise that require a revision to the earnings forecast, the Company will promptly disclose the matter.
The Company will progressively reallocate the resources, including engineers, assigned to the project to other projects. If circumstances arise that require a revision to the earnings forecast, the Company will promptly disclose the matter.
| Item | Details |
|---|---|
| Event name | Sony Honda Mobility Inc.'s discontinuation of development of the electric vehicle "AFEELA" |
| Subject Entity | Sony Honda Mobility Inc. (business partner; discontinued development of AFEELA) / Fixstars Corporation (reporting company affected by the event) |
| Target Locations / Products | The electric vehicle "AFEELA" and the autonomous driving AI development area of the project |
| Cause | Sony Honda Mobility Inc.'s discontinuation of development of the electric vehicle "AFEELA" |
| Accounting period in which recognized | The second half of the fiscal year ending September 2026 (the period in which orders for the project had been expected) |
| Impact on Earnings Forecast | The impact of this matter on the Company's financial results is minor. If circumstances arise that require a revision to the earnings forecast, the Company will promptly disclose the matter. |
| Outlook | The Company will progressively reallocate the resources, including engineers, assigned to the project to other projects. If circumstances arise that require a revision to the earnings forecast, the Company will promptly disclose the matter. |
| Planned follow-up disclosure | If circumstances arise that require a revision to the earnings forecast, the Company will promptly disclose the matter. |
Items this document does not state (17)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Sony Honda Mobility Inc., our business partner, discontinued development of the electric vehicle "AFEELA." The Company expects to largely offset the impact by progressively reallocating engineers and other personnel assigned to the project to other projects.