Consolidation of Steel Center Co., Ltd. as a Subsidiary

~Deepening collaboration between the two companies to enhance the competitiveness of the steel sheet supply chain~

Honda Trading Corporation (hereinafter "Honda Trading") has decided to make Steel Center Co., Ltd. (hereinafter "Steel Center") a consolidated subsidiary.

As the environment surrounding the automotive industry undergoes significant changes and further resilience and efficiency of the supply chain are required, the two companies need to further strengthen their collaboration and enhance the stability and competitiveness of the supply chain, including procurement, processing, and logistics.

By combining the processing and logistics capabilities and operational expertise that Steel Center has cultivated over many years with the procurement capabilities and network that Honda Trading possesses, we will work to improve the sustainability of the entire steel sheet supply chain. In addition, leveraging the strengths of Steel Center, we will continue to provide value to a wide range of business partners.

Honda Trading will continue to enhance its supply chain capabilities in cooperation with related companies and provide new value to our business partners and society.