Director, President and Representative Executive Officer
Announcement Regarding the Completion of Procedures for the Establishment
of a Joint Venture with Sony Group Corporation in the Mobility Field
Honda Motor Co., Ltd. ("Honda") today completed procedures for the establishment of Sony Honda Mobility Inc., a joint venture with Sony Group Corporation, as previously announced on June 16, 2022 in the notice entitled "Announcement Regarding the Signing of a Joint Venture Agreement with Sony Group Corporation in the Mobility Field."
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, 2023.
New Company Overview
Sony Honda Mobility Inc.
10 billion yen
Sony Group Corporation 50%, Honda Motor Co., Ltd. 50%
Members of the board
Yasuhide Mizuno, Representative Director, Chairman and CEO
Izumi Kawanishi, Representative Director, President and COO
Shugo Yamaguchi, Director and Deputy President
Kojiro Okabe, Director and Executive Vice President
Honda Motor Co. Ltd. published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 18:15:07 UTC.