January 12, 2022
To:
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Shareholders of Honda Motor Co., Ltd. / Whom It May Concern
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From:
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Honda Motor Co., Ltd.
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1-1, Minami-Aoyama 2-chome,
Minato-ku, Tokyo, 107-8556
Toshihiro Mibe
Director,
President and Representative Executive Officer
(Code: 7267, First Section of the Tokyo Stock Exchange)
Contact: Eiji Fujimura
General Manager of Accounting Department, Business Management Division
(TEL.: +81-3-3423-1111)
Notice Regarding Reorganization of the Company and its Consolidated Subsidiaries
(Simplified Absorption-Type Company Splits)
Honda Motor Co., Ltd. (the Company) announces that it decided to conduct a company split, whereby its motorcycle motorsports rider development
related business, and automobile motorsports support business for domestic race and overseas touring car race and other related business will be succeeded to by its consolidated subsidiary Honda Racing Corporation (Company Split I), and
that the Companys consolidated subsidiary Honda R&D Co., Ltd. (R&D) decided to conduct a company split, whereby its automobile motorsports business will be succeeded to by Honda Racing Corporation (Company Split
II, Company Split I and Company Split II are collectively referred to as the Reorganization).
In the Reorganization, as Company Split I
is a company split to which the Company and its wholly-owned subsidiary are the parties and Company Split II is a company split between the Companys consolidated subsidiaries, the matters of disclosure and the details are disclosed with
partial omissions.
1.
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Purpose of the Reorganization
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In order to have Honda groups motorsports business maintain competitive advantages amid a significantly changing business environment and shift to a
system that is able to continue its activities, the Company decided to consolidate the executive functions for developing and operating motorsports, which are dispersed throughout the Company and its affiliates, to the Companys wholly-owned
subsidiary Honda Racing Corporation. Specifically, the Companys motorcycle motorsports rider development related business, and automobile motorsports support business for domestic race and overseas touring car race and other related business
and the Companys consolidated subsidiary R&Ds automobile motorsports business (collectively, the Target Business) will be integrated into Honda Racing Corporation.
Through the Reorganization, the Company intends to enhance the quality of the motorsports business and expand its contribution to the brand value and
Motorcycle and Automobile business operation, by sharing knowledge held by the motorcycle and automobile racing segments and improving the efficiency of the business activities.