Honda delays completion of Astemo’s subsidiary formation due to pending approvals

Golden Ten Data, June 30｜Honda Motor has announced that, due to pending antitrust reviews and regulatory approvals in some countries and regions, the planned Astemo capital structure adjustment and its subsidiary conversion—originally set for completion in the first quarter of fiscal 2027—will be postponed to before the end of the third quarter of fiscal 2027. According to the previous agreement, Honda will acquire an additional 21% stake in Astemo from Hitachi. After the transaction, Astemo’s shareholding structure will be: Honda holding 61%, Hitachi holding 19%, and JIC Capital holding 20%; Astemo will become a consolidated subsidiary of Honda. Honda stated that this move aims to accelerate Astemo’s capability building in AI, software, and software-defined vehicles (SDV), boosting the competitiveness of the group.