Honda Motor Co., Ltd.
JIC Capital, Ltd.
Hitachi Astemo, Ltd.
As announced in the news release of “Notice of Change in Capital Structure of Hitachi Astemo including Capital Participation of JIC Capital” on March 30, 2023, Hitachi, Ltd. (“Hitachi”), Honda Motor Co., Ltd (“Honda”), JICC-01 Limited Partnership (“JICC-01”) managed by JICC-01 G.K., which is a wholly owned subsidiary of JIC Capital, Ltd. (“JICC”) and Hitachi Astemo, Ltd. (“Hitachi Astemo”) agreed capital participation of JICC on Hitachi Astemo and change in its capital structure (“Transaction”).
Since not all countries’ procedures and measures for approvals regarding the Transaction have not been completed as of today, Hitachi, Honda, JICC-01 and Hitachi Astemo changed the scheduled closing date of the Transaction from September 2023 to during the third quarter of the year ending March 31, 2024.