Honda Motor : GIKEN KOGYO KABUSHIKI KAISHA ( MOTOR CO., LTD.) - Form 6-K
August 01, 2023 at 03:50 pm IST
Share
HONDA GIKEN KOGYO KABUSHIKI KAISHA (HONDA MOTOR CO., LTD.)
/s/ Masaharu Hirose
Masaharu Hirose
General Manager
Finance Division
Honda Motor Co., Ltd.
Date: August 1, 2023
Table of Contents
[Translation]
August 1, 2023
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 Start of Operation
of the New Company with GS Yuasa International Ltd.
Honda Motor Co., Ltd. ("Honda") completed procedures for the establishment of a joint venture with GS Yuasa International Ltd. ("GS Yuasa"), as previously announced on May 11, 2023 in the notice entitled "Announcement Regarding the Signing of a Joint Venture Agreement with GS Yuasa for collaboration in Lithium-ion Battery", and the joint venture starts its operation today.
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, 2024.
New Company Overview
Company name
:
Honda·GS Yuasa EV Battery R&D Co., Ltd.
Location
:
1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto, Japan
Capital
:
Amount of capital at establishment:
2 billion yen
Amount of capital reserve at establishment:
2 billion yen
Capital contribution ratio
:
50% Honda
50% GS Yuasa
Directors
:
Koichi Yamamoto,
Representative Director and President (from Honda)
Masaaki Hosokawa,
Representative Director and Vice President (from GS Yuasa)
Honda Motor Co. Ltd. published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 10:19:27 UTC.
Honda Motor Co is one of the world's leading automakers. Net sales break down by activity as follows:
- sales of cars (70.2%): 5.3 million units sold in 2018/19;
- financial services (15.3%);
- sales of motorcycles (12.1%; No.1 worldwide): 20.2 million units sold;
- other (2.4%): sales of equipment (lawnmowers, rototillers, snowblowers, water pumps, electrical generators, etc.).
Net sales are distributed geographically as follows: Japan (15.9%), Asia (20.2%), North America (54.5%), Europe (4.7%) and other (4.7%).
HONDA MOTOR CO., LTD. 
