Honda Cars Tokai Co., Ltd. completed the acquisition of 34% interest in Honda Yonrin Hambai Marujun, K.K. from MARUJUN Co., Ltd..
March 30, 2018
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Honda Cars Tokai Co., Ltd. entered into share transfer agreement to acquire 34% interest in Honda Yonrin Hambai Marujun, K.K. from MARUJUN Co., Ltd. (NSE:3422) on March 19, 2018. Honda Cars Tokai Co., Ltd. will acquire 0.065 million shares representing 34% stake in Honda Yonrin Hambai Marujun, K.K. Honda Yonrin Hambai Marujun, K.K reported total assets of ¥965.2 million, net assets of ¥320.7 million as of March 31, 2017 and revenues of ¥3.7 billion, operating income of ¥97.6 million and net income of ¥69.9 million for the year ended March 31, 2017. The transaction is resolved by the Board of MARUJUN Co., Ltd. The transaction is expected to complete on March 30, 2018.
Honda Cars Tokai Co., Ltd. completed the acquisition of 34% interest in Honda Yonrin Hambai Marujun, K.K. from MARUJUN Co., Ltd. (NSE:3422) on March 30, 2018.
J-Max Co Ltd is a Japan-based company primarily engaged in the manufacture and sale of body stampings and molds for automobiles. The Company operates in four segments. The Marujun segment, Thailand segment, Guangzhou segment and Wuhan segment are engaged in the manufacture and sale of body stampings and precision stampings for automobiles, stamping molds, welding jigs, inspection tools and other equipment in Japan, Thailand and Guangzhou and Wuhan of China. The main products include automobile body stampings such as front pillars, side sills, center pillar inner products, bumpers, hybrid car parts, hood hinges and steering hanger beams, precision parts such as clutch drums, clutch pistons, planetary carriers, belt pulleys and stator holders, various molds, jigs and inspection tools such as front door inner products single and composite inspection tools and others.
J-MAX CO.,LTD. 