Toyota Motor Corporation: Acquisition of Shares in Hotai Motor Co., Ltd. from Hino Motors, Ltd.
Nishimura & Asahi advised Toyota Motor Corporation on its acquisition of shares (valued at over JPY 30 billion) in Hotai Motor Co., Ltd., a Taiwanese sales distributor, from Hino Motors, Ltd.
The transaction was led by Tokyo partners Atsushi Mizushima, Yotaro Takayama, and Ing-Chian Sun.
People

Yotaro engages in all aspects of corporate legal affairs, focusing on domestic and overseas M&A and startup-related deals. Leveraging his broad knowledge and experience, Yotaro analyzes transaction structures, designs execution plans and negotiation strategies, and supports the analysis and execution of transactions to achieve their goals and objectives. In the M&A field, Yotaro has a track record of success in numerous deals, including cross-border transactions, and possesses broad knowledge. In addition, Yotaro lived in Singapore for more than two years and has engaged in numerous M&A deals in Southeast Asia. Having been in charge of M&A transactions in the Corporate Strategy Department of a major listed company, Yotaro has expertise in supporting deals based on the in-house processes and corporate culture of Japanese companies. In the field of startups and new business development, Yotaro has worked on numerous projects for the formation of joint ventures between large listed companies and domestic and overseas startups, the formation or development of new businesses, business alliances, and startup investment. With respect to startup investment, Yotaro possesses extensive knowledge and experience in investments around the world, including in Japan, the U.S., and Southeast Asian countries, as well as in South America and India, and provides advice based on the strategic objectives of Japanese companies and CVCs. Yotaro also has a wealth of experience in supporting start-up companies and has strengths in M&A transactions, financing, intellectual property strategy, and support for overseas business expansion, taking into consideration the characteristics of startups. In addition, Yotaro has a wide range of support experience, including in litigation and disputes between companies, scandals, and labor issues.

Ing-Chian is a lead partner of our Taiwan practice group. As one of the few Taiwanese lawyers based in Japan, she handles a wide variety of matters for clients that conduct business in relation to Taiwan, such as M&A, finance, real estate, competition law/antitrust law, IP, and other international legal matters.
Notably, she was the first Taiwanese lawyer ever to be registered as a Gaikokuho-Jimu-Bengoshi (Registered Foreign Lawyer in Japan) qualified to practice law in Taiwan. She is based in Japan, but serves as a Co-Representative of our Taipei office, and provides our Japanese and Taiwanese clients with seamless, timely legal support for both their inbound and outbound legal needs.


Atsushi combines his experience as an entrepreneur in Silicon Valley and his broad experience as a business attorney to provide solutions to tech companies and startups, including the design of transaction flows and contractual frameworks in business model creation, fundraising, various types of business collaboration with large corporations, IP strategy building, global business expansion, and strategic M&A and joint venture deals. For larger corporations, he advises on business collaboration with companies in other industry domains and on investments in and business collaborations with startups as well as on their new business model creation.