Honda Motor Co., Ltd. – Acquisition of Yachiyo Industry Co., Ltd. and transferring of shares
Leading Japanese law firm Nishimura & Asahi advised Honda Motor Co., Ltd. [TSE: 7267 and NYSE: HMC] on its tender offer for shares in its consolidated subsidiary Yachiyo Industry Co., Ltd., a Japan-based auto-parts maker, and on the transfer of 81% of the voting rights in Yachiyo to SMRC Automotive Holdings Netherlands B.V., a Motherson Group company, in furtherance of an agreement between the companies to work towards the sustainable growth of Yachiyo. In addition, Nishimura & Asahi advised Honda on its acquisition from Yachiyo of all shares in Goshi Giken Co., Ltd., a motorcycle parts maker.
The Nishimura & Asahi team advising Honda was led by partners Yuki Oi, Taeko Suzuki, Kazumaro Kobayashi and Akihisa Yamamoto.
Yuki Oi is a partner in our M&A/Corporate practice group. He advises domestic and international corporations and financial institutions on their cross-border and domestic M&A transactions. He also handles corporate governance matters and general corporate issues, as well as corporate crisis management matters and commercial litigation.
Some of the major cases he has advised on include representing UFJ Holdings on its integration with Mitsubishi Tokyo Financial Group (2006), Bulldog Sauce on its famous defense against a hostile takeover attempt initiated by Steel Partners (2007), the Osaka Securities Exchange on its integration with the Tokyo Stock Exchange (2011), Idemitsu Kosan on its integration with Showa Shell Sekiyu (2015-19), Toshiba on its divestiture of Toshiba Memory Corporation (2018), and Honda on its strategic alliance with Sony Group in mobility sector (2022).
He was awarded the Young Lawyer of the Year Award at the ALB Japan Law Awards 2019, and the Innovative Practitioners Award at the FT Innovative Lawyers Awards Asia-Pacific 2020. He was also selected as one of Asia’s top 40 lawyers under 40 by Asian Legal Business in 2017.
He has also served as a lecturer at the University of Tokyo, Faculty of Law (2012-13), and Graduate Schools for Law and Politics (2014-present).
Taeko heads the firm’s India practice, and advises Japanese corporations investing and doing business in India, with a special focus on dispute resolution (litigation and arbitration), and regulatory work (criminal and competition related matters). She also handles jurisdictions such as Sri Lanka, Pakistan, the UAE, Bangladesh, Nepal, Maldives, and other countries in South Asia, the Middle East and Africa.
Kazumaro’s antitrust practice spans various industries, including automotive, energy, telecommunication, medical/healthcare and finance. Kazumaro regularly represents clients in high-profile matters, including merger and acquisitions that require approval in multiple jurisdictions, and global and domestic cartel investigations.
Akihisa is a partner in our M&A team. He handles many domestic and international M&As, business alliances including JVs, business succession, equity finance, and hostile takeovers. He has abundant practical experience for both listed and unlisted companies and wide range of company sizes and transaction types, knowledge of cutting-edge practical trends and laws and regulations, and the ability to respond flexibly and hands-on.
In addition, he active in start-up finance support, IPO support, and daily legal support.
Recently, using the network and knowledge cultivated through studying abroad in Europe and the United States, he also deals with sustainability-related topics such as sustainable finance, including ESG investment and impact investment, social enterprise, B Corp certification, and social IPO.