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Sumitomo Corporation acquired shares of ASAMA GIKEN, an automotive brake parts manufacturer, from Honda Motor, making ASAMA GIKEN a member of the Sumitomo Corporation Group. The three companies (Sumitomo Corporation, KIRIU, and ASAMA GIKEN) started considering integration with a kickoff event on September 2, 2019.
Sumitomo Corporation has reached an agreement with Honda Motor Co., Ltd. to acquire shares of Asama Giken Co., Ltd., a manufacturer of automotive brake components. Asama Giken supplies brake discs and drums mainly to Honda and has bases in Japan, the United States, and Indonesia.