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Business alliance7314ODAWARA AUTO-MACHINE MFG.CO.,LTD.Automobiles and transportation equipment

Memorandum of Understanding on Collaboration toward the Practical Implementation of UWB Payments to Deliver a New Bus Boarding Experience

JCB, Resona Holdings, Inc. and ODAWARA AUTO-MACHINE MFG.CO.,LTD. have entered into a memorandum of collaboration to commercialize bus payments using ultra-wideband (UWB) communications. The companies will begin technical trials in fiscal 2026 and aim to fully commercialize the service in fiscal 2028.

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Agreements reached under this partnership

Business alliance
7314ODAWARA AUTO-MACHINE MFG.CO.,LTD.
Alliance partner株式会社ジェーシービー / Resona Holdings, Inc. / ODAWARA AUTO-MACHINE MFG.CO.,LTD.
Details of the alliance
  1. 1

    Launch a project with bus operators to commercialize UWB payments

  2. 2

    Begin bus payment services and technical trials in fiscal 2026

  3. 3

    Develop solutions that can be readily adapted to existing infrastructure

  4. 4

    Create an integrated service designed to link with railways and retail stores

  5. 5

    Standardize technology and the user experience for bus payment applications through activities at the FiRa Consortium

  6. 6

    Advance technical trials with support from the vendors participating in the FiRa Consortium

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
Business DescriptionODAWARA AUTO-MACHINE MFG.CO.,LTD.: Holds a high share of the domestic market for the manufacture and sale of fare collection equipment for scheduled buses. The business activities of 株式会社ジェーシービー and Resona Holdings, Inc. are not stated.
LocationMinato-ku, Tokyo / Koto-ku, Tokyo / Odawara, Kanagawa Prefecture
Contract Date9 July 2026Alliance start dateScheduled to begin in fiscal 2026
Agreements reached under this partnership
ItemDetails
Name of alliance partner株式会社ジェーシービー, Resona Holdings, Inc., ODAWARA AUTO-MACHINE MFG.CO.,LTD.
Alliance partner's business activitiesODAWARA AUTO-MACHINE MFG.CO.,LTD.: Holds a high share of the domestic market for the manufacture and sale of fare collection equipment for scheduled buses. The business activities of 株式会社ジェーシービー and Resona Holdings, Inc. are not stated.
Alliance partner's locationMinato-ku, Tokyo, Koto-ku, Tokyo, Odawara, Kanagawa Prefecture
Type of allianceBusiness alliance
Details of the allianceLaunch a project with bus operators to commercialize UWB payments, Begin bus payment services and technical trials in fiscal 2026, Develop solutions that can be readily adapted to existing infrastructure, Create an integrated service designed to link with railways and retail stores, Standardize technology and the user experience for bus payment applications through activities at the FiRa Consortium, Advance technical trials with support from the vendors participating in the FiRa Consortium
Contract Date9 July 2026
Alliance start dateScheduled to begin in fiscal 2026
Items this document does not state (16)
Alliance partner's capitalAlliance partner's net salesAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionShare Acquisition Date and Payment DateImpact on Business PerformanceChange in major shareholders

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.

To address challenges including the lack of adequate payment options for buses and streetcars, the operational burden caused by driver shortages and an aging workforce, and the impact on on-time service during periods of congestion, thereby improving the passenger experience.

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Memorandum of Understanding on Collaboration toward the Practical Implementation of UWB Payments to Deliver a New Bus Boarding Experience | ODAWARA AUTO-MACHINE MFG.CO.,LTD. (7314) timely disclosure | Komori