Investment participation in material evaluation technology services

Honda Trading Corporation (hereinafter “the company”) entered into a business alliance with JAPAN TESTING LABORATORIES, Inc. (hereinafter “JTL”) on August 1, 2021 in regard to material evaluation technology services, with the companies starting operations of JTLep Inc., based on a joint investment.

We will strive to become able to make even more comprehensive proposals for customers’ R&D issues in the company’s trading business through efforts aimed at material evaluation technology services at JTLep Inc.

About the new company

Company Name: JTLep Inc.

Capital: 20 million yen
Address: #304 Utsunomiya Axis, 1-1-1 Chuo, Utsunomiya-shi, Tochigi, Japan

Business lines:
・ Sales representative for the contract measurement, testing and analytical services provided by JTL
・ Proposals of solutions related to material evaluation technology services

Stock ownership ratio:
JAPAN TESTING LABORATORIES, Inc. 51%
Honda Trading Corporation 49%

Business start date: August 1, 2021

JAPAN TESTING LABORATORIES Co., Ltd.

Address: Uchiwara Ogaki-shi, Gifu, Japan
Founded : June 1999 (established in current form: October 2017)
Business lines: Technical services for evaluating the reliability of products underdevelopment

Honda Trading Corporation

Address: Sotokanda, Chiyoda-ku, Tokyo, Japan
Date of Establishment: March 1972
Business lines: Procurement and supply of raw materials, parts, equipment and CBU as well as processing and manufacturing of some raw materials.