Our company and LIXIL Co., Ltd. (Headquarters: Shinagawa-ku, Tokyo, President: Kinya Seto, hereafter, LIXIL) made a basic agreement between the two companies in 2023/7※An 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 |