Hitachi, Honda, JIC Capital and Hitachi Astemo agreed to change Hitachi Astemo's capital structure, with JIC Capital acquiring a 20% voting stake. Ownership will shift from Hitachi 66.6% and Honda 33.4% to Hitachi 40%, Honda 40%, and JIC Capital 20% in September 2023.
Toyo Aluminium K.K. and UACJ Foil Corporation have postponed their planned business merger, originally scheduled for April 1, 2023, due to antitrust procedures. JIC Capital will acquire 80% of the new integrated company's voting stock.
Toyo Aluminium and UACJ Foil signed a basic merger agreement to combine operations on April 1, 2023. JIC Capital will hold 80% of the new company's voting rights and UACJ will hold 20%, with the aim of strengthening competitiveness in aluminium foil, especially for lithium-ion battery applications.