MINEBEA MITSUMI Inc. (TSE:6479) entered into a share transfer agreement to acquire Honda Lock Mfg. Co., Ltd. from Honda Motor Co., Ltd. (TSE:7267) on August 4, 2022. MINEBEA MITSUMI Inc. will acquire 1.643 million shares of Honda Lock Mfg. Co., Ltd. For the year ending March 31, 2022, Honda Lock Mfg. Co., Ltd. reported revenue of ¥93.54 billion, net income of ¥834 million and EBIT of ¥2.13 billion. The transaction is subject to regulatory approvals and is expected to complete by end of 2022.

MINEBEA MITSUMI Inc. (TSE:6479) completed the acquisition of Honda Lock Mfg. Co., Ltd. from Honda Motor Co., Ltd. (TSE:7267) on January 27, 2023. Honda Lock has changed its name to Minebea Access Solutions Inc.