Honda Motor : Conclusion of Absorption-type Merger Agreements and Determination of Effective Date of Absorption-Type Merger Related to Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd.
November 18, 2020 at 02:09 am EST
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November 18, 2020
Hitachi, Ltd.
Honda Motor Co., Ltd.
Hitachi Automotive Systems, Ltd.
Keihin Corporation
Showa Corporation
Nissin Kogyo Co., Ltd.
Conclusion of Absorption-type Merger Agreements and
Determination of Effective Date of Absorption-Type Merger Related to Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd.
Tokyo, November 18, 2020 - As announced in the press release issued on October 30, 2019, Hitachi, Ltd. (TSE: 6501, "Hitachi"), Honda Motor Co., Ltd. (TSE: 7267, "Honda"), Hitachi Automotive Systems, Ltd. ("Hitachi Automotive Systems"), Keihin Corporation ("Keihin"), Showa Corporation ("Showa"), and Nissin Kogyo Co., Ltd. ("Nissin") entered into the basic contract regarding a management integration("the basic contract") on October 30, 2019, to conduct the management integration through implementation of the absorption-type merger in which Hitachi Automotive Systems (a wholly-owned subsidiary of Hitachi) will be the surviving company, and Keihin, Showa and Nissin will be the disappearing companies after making Keihin, Showa and Nissin wholly-owned subsidiaries of Honda through tender offers targeting the common shares of Keihin, Showa and Nissin.
Hitachi, Honda, Hitachi Automotive Systems, Keihin, Showa and Nissin today announced that absorption-type merger agreements between Hitachi Automotive Systems and Keihin, Hitachi Automotive Systems and Showa, and Hitachi Automotive Systems and Nissin, were respectively concluded today according to the basic contract, and the effective date of absorption-type mergers were settled on January 1, 2021.
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Public Relations Department, Corporate Brand & Communications Division
Hitachi, Ltd.
TEL：03-5208-9324
Accounting Division for Business Management Operations Honda Motor Co., Ltd.
TEL: 03-3423-1111
Corporate Communication Division
Keihin Corporation
TEL: 03-3345-3413
General Affairs Division
Showa Corporation
TEL: 048-554-8170
Corporate Planning & Business Management
Nissin Kogyo Co., Ltd.
TEL: 0268-61-0082
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Honda Motor Co. Ltd. published this content on 18 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2020 07:08:00 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 : Conclusion of Absorption-type Merger Agreements and Determination of Effective Date of Absorption-Type Merger Related to Management Integration of Hitachi Automotive Systems, Ltd., Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd.
HONDA MOTOR CO., LTD. 
