Honda Motor : GIKEN KOGYO KABUSHIKI KAISHA - Form 6-K
September 28, 2022 at 02:16 pm EDT
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HONDA GIKEN KOGYO KABUSHIKI KAISHA
(HONDA MOTOR CO., LTD.)
/s/ Masaharu Hirose
Masaharu Hirose
General Manager
Finance Division
Honda Motor Co., Ltd.
Date: September 28, 2022
Table of Contents
[Translation]
September 28, 2022
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 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
Company name
:
Sony Honda Mobility Inc.
Location
:
Tokyo, Japan
Capital
:
10 billion yen
Investment ratio
:
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
Manabu Ozawa, Director (Honda Motor Co., Ltd.)
Naoya Horii, Director (Sony Group Corporation)
- End -
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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.
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. 
