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M&A and Subsidiary Changes7267HONDA MOTOR CO.,LTD.Automobiles and transportation equipment

(Amendment) Notice Regarding Partial Amendments to the "Notice Concerning a Change in an Equity-Method Affiliate (Making It a Consolidated Subsidiary)"

The scheduled date for the additional acquisition of Astemo shares and its conversion into a consolidated subsidiary has been postponed from the first quarter of the fiscal year ending March 2027 to the end of the third quarter of that fiscal year. This is because regulatory approval procedures and other related actions have not been completed in certain countries.

Worth reading
64In focus
Scored from 3 of 5 sections
Direction
Deterioration
Direction inferred from the company’s description.
Scale
21
Equivalent to % (additional acquisition)
Wording
Conditional
How definitive the wording is.

This transaction

This transaction
CounterpartyHitachi,Ltd., JICキャピタル株式会社
Disclosing companyHONDA MOTOR CO.,LTD.
Astemo株式会社Subject of this transactionNumber of shares acquired Additional acquisition equivalent to 21% (number of shares and voting rights: Not disclosed)Voting rights ownership percentage Additional acquisition equivalent to 21%
Execution Date / Effective DateBy the end of the third quarter of the fiscal year ending March 2027 (revised scheduled execution date)
Impact on Business Performance

The impact on consolidated results for the fiscal year ending March 2027 will be minor.

Procedures and assumptions
Conditions Precedent to ExecutionCompletion of regulatory approval procedures and other related actions. These remain incomplete in certain countries as of the date of this disclosure.
This transaction
ItemDetails
Transaction nameThis transaction
Counterparty nameHitachi,Ltd., JICキャピタル株式会社
Name of the Subject CompanyAstemo株式会社
Number of shares acquiredAdditional acquisition equivalent to 21% (number of shares and voting rights: Not disclosed)
Voting rights ownership percentageAdditional acquisition equivalent to 21%
Impact on Business PerformanceThe impact on consolidated results for the fiscal year ending March 2027 will be minor.
Execution Date / Effective DateBy the end of the third quarter of the fiscal year ending March 2027 (revised scheduled execution date)
Conditions Precedent to ExecutionCompletion of regulatory approval procedures and other related actions. These remain incomplete in certain countries as of the date of this disclosure.
Items this document does not state (24)
Business Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateValuation methodologyIndependent valuation institutionSpecial CommitteeManagement structure after acquisition

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.

Regulatory approval procedures and other related actions have not been completed in certain countries.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
(Amendment) Notice Regarding Partial Amendments to the "Notice Concerning a Change in an Equity-Method Affiliate (Making It a Consolidated Subsidiary)" | HONDA MOTOR CO.,LTD. (7267) timely disclosure | Komori