Sumitomo Corporation acquired Asama Giken from Honda.

Sumitomo Corporation, one of the largest worldwide Sogo shosha general trading companies, acquired Asama Giken, a manufacturer of automotive brake components, from Honda Motor Co, a Japanese public multinational conglomerate corporation. Financial terms were not disclosed. Sumitomo Corporation will continue enhancing its automotive manufacturing business to meet the increasing demand for automotive brake components, while also contributing to the creation of a more convenient and safer society. The market for brake discs and drums, which are used to control automotive wheels, has been expanding in line with the global development of the automobile industry.