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アイシンからLIXILへのシャワートイレ事業移管に関する正式契約を締結

A formal agreement was signed regarding the transfer of the shower toilet business from Aisin to LIXIL

Aisin ·  Mar 26 11:00

Our company and LIXIL Co., Ltd. (Headquarters: Shinagawa-ku, Tokyo, President: Kinya Seto, hereafter, LIXIL) made a basic agreement between the two companies in 2023/7An agreement was formally concluded regarding the transfer of Aisin's shower toilet business to LIXIL.

This agreement covers Aisin's shower and toilet business for LIXIL in Japan and China. In China, it was decided to transfer shares of Zhejiang Aisin Huiguo Electromechanical Co., Ltd., which are Aisin's production subsidiaries, and Hangzhou Aisin Lishu Electromechanical Co., Ltd., to LIXIL.
Furthermore, both companies are continuing to examine ways to transfer the shower and toilet business within Japan.

[About the contract]
1. Date of conclusion of contract 2024/3/27
2. Effective Date 2024/9/1


※2023/7/28 News Release
Commencement of studies on transfer of shower and toilet business to LIXIL


(Reference information) Overview of Chinese production subsidiaries carrying out share transfers

Company name

Zhejiang Aisin Huiguo Electromechanical Co., Ltd.

Hangzhou Aisin Lizhi Electromechanical Co., Ltd.

location

No.155 Hongda Road, Xiaoshan Economic & Technology Development Zone, Hangzhou, China

No.B1507-OR 1508, Block2, 6Avene Baiyang Street, Economic & Technological Development Zone, Hangzhou, China

Business content

Manufacture and sale of shower toilets, peripherals, and related parts

Sale of shower toilets and their peripherals and related parts

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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