TOKYO, May 22 (Pulse News Wire) – G-TEKT Corporation (5970.T) disclosed significant shareholder relations involving its major shareholder, Honda Motor Co., Ltd. As of March 31, 2026, Honda Motor Co.
Holds 20.83% of G-TEKT's voting rights through direct holdings and non-consolidated affiliates. In the fiscal year ending March 31, 2026, G-TEKT reported transactions totaling ¥30.384 billion with Honda Motor Co. These transactions primarily involved sales of products such as automotive chassis components and raw materials procurement. Additionally, G-TEKT purchased goods worth ¥11.904 billion from Honda Motor Co.
G-TEKT operates within Honda Motor Co.'s four-wheeled vehicle division, participating in the design and development stages of new car parts while also supplying components and manufacturing parts based on orders from Honda Motor Co. Despite close capital and transactional ties, G-TEKT maintains operational independence. Transaction conditions and pricing methods were detailed, emphasizing economic rationality and market prices. Sales prices were determined through price negotiations considering production technology, while raw material purchases referenced market prices.
Compensation related to production cancellations was handled through negotiation based on unrecovered costs.
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